Garnit Developers Private Limited
About Garnit Developers Private Limited
Data last updated:
Garnit Developers Private Limited is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 21 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45201MP2008PTC020603. Its GSTIN is 23AADCG1235H2Z3 (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Raj Kumar Kukreja and Sonia Kukreja.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at O – 5 Ashiana Building Near Gurudwara Phoolbagh, Gwalior, Madhya Pradesh, India – 474009.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.71 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹1.69 Cr (net margin -25.3%) and EBITDA of -₹15.38 Lakh (EBITDA margin -2.3%). Revenue has grown at a compounded annual rate (CAGR) of 371% over three years.
As per MCA filings, the company has open charges of ₹11.4 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressO – 5 Ashiana Building Near Gurudwara Phoolbagh, Gwalior, Madhya Pradesh, India – 474009
- IndustryInfrastructure and Utilities, General Construction Services
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Garnit Developers Private Limited
The main business activity of Garnit Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Garnit Developers Private Limited FY 2025 filings available
Garnit Developers Private Limited reported revenue of ₹6.71 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Garnit Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 371% over three years, including 11% growth in the latest year. EBITDA fell 111% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Garnit Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹15.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.69 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Garnit Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Garnit Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Garnit Developers Private Limited
Garnit Developers Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pavilion Infrastructure Private Limited | ₹6.72 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Purecrete RMC India Private Limited | ₹6.72 Cr (FY 2025) | •••• | •••• | 67.0% | •••• | Pune, Maharashtra, India |
| Vedma Constructions Private Limited | ₹6.72 Cr (FY 2025) | •••• | •••• | 119.0% | •••• | Gurgaon, Haryana, India |
| T3 Projects Private Limited | ₹6.71 Cr (FY 2024) | •••• | •••• | -40.0% | •••• | Cherthala, Kerala, India |
| Nsew Logicon Private Limited | ₹6.71 Cr (FY 2025) | •••• | •••• | 294.0% | •••• | Bhubaneswar, Odisha, India |
| Garnit Developers Private Limited this company | ₹6.71 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Gwalior, Madhya Pradesh, India |
| Delstone Infra Private Limited | ₹6.71 Cr (FY 2021) | •••• | •••• | 172.0% | •••• | Gurgaon, Haryana, India |
| Knowledge Tree Infrastructure Limited | ₹6.71 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Anac Consultants Private Limited | ₹6.71 Cr (FY 2025) | •••• | •••• | •••• | Ghaziabad, Uttar Pradesh, India | |
| Aar K Vasudha Construction Private Limited | ₹6.71 Cr (FY 2024) | •••• | •••• | 136.0% | •••• | New Delhi, Delhi, India |
| SKC Trading Private Limited | ₹6.7 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Garnit Developers by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Garnit Developers Private Limited
Garnit Developers Private Limited is audited by BANSAL MUKESH & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BANSAL MUKESH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Garnit Developers Private Limited
Garnit Developers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Kukreja | Director | 21 Apr 2008 | 18 Years 5 Months | Current |
| Sonia Kukreja Also directs: Prestigious Infrabuild LLP, Sukhdham Hotels Private Limited | Director | 30 Jan 2015 | 11 Years 8 Months | Current |
| Aditya Gupta Also directs: Struxora Infra LLP | Director | 30 Apr 2024 | 2 Years 5 Months | Current |
Ownership and Shareholding of Garnit Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Garnit Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Feb 2022 | State Bank of India | ₹11.4 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Garnit Developers Private Limited
Employment history and EPFO contributions of people linked to Garnit Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Garnit Developers Private Limited
Garnit Developers Private Limited has 5 board changes on record since 2008: 4 appointments and 1 cessation. The latest: Aditya Gupta was appointed as Director on 30 Apr 2024.
Credit Ratings, Litigation & Regulatory Alerts for Garnit Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Garnit Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Garnit Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Garnit Developers Private Limited
Garnit Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCG1235H2Z3 | Madhya Pradesh | Active | 15 Sep 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Garnit Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Garnit Developers Private Limited
Garnit Developers is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 21 April 2008 (18+ years old) and is registered under CIN U45201MP2008PTC020603.
Garnit Developers reported revenue of ₹6.71 Cr for FY 2025 (up 11% YoY).
Garnit Developers has 3 current directors:
- Raj Kumar Kukreja - Director
- Sonia Kukreja - Director
- Aditya Gupta - Director
Garnit Developers reported a net loss of ₹1.69 Cr (net margin -25.3%) and EBITDA of -₹15.38 Lakh (EBITDA margin -2.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garnit Developers is 371% over three years. In the latest year (FY 2025) revenue rose 11%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Garnit Developers is 23AADCG1235H2Z3, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Garnit Developers is U45201MP2008PTC020603. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garnit Developers was incorporated on 21 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Garnit Developers by revenue are Pavilion Infrastructure Private Limited, Purecrete RMC India Private Limited, Vedma Constructions Private Limited, T3 Projects Private Limited, Nsew Logicon Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Aditya Gupta was appointed as Director on 30 Apr 2024. Sanjeev Kukreja ceased to be Director on 30 Jan 2015. Sonia Kukreja was appointed as Director on 30 Jan 2015. Garnit Developers has 5 board changes on record in total.
The registered office of Garnit Developers is at O – 5 Ashiana Building Near Gurudwara Phoolbagh, Gwalior, Madhya Pradesh, India – 474009.