MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0239416
Market Cap
₹101 Cr
GIRIRAJ-SM · NSE
Share Price
₹43.70
+3.80% today
Revenue
₹309 Cr
FY 2025-26 · -1.7% YoY
EBITDA
₹23.95 Cr
Margin 7.8%
Net Profit
₹15.11 Cr
FY 2025-26 · -15.5% YoY
P/E (TTM)
6.4x
P/B 0.7x
Authorised capital
₹30 Cr
Registered with MCA
Paid-up capital
₹23.92 Cr
Issued & subscribed
About Giriraj Civil Developers Limited
Data last updated:
Giriraj Civil Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the railway infrastructure development segment of the infrastructure and utilities sector. It was incorporated on 19 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45200MH2005PLC156879. Its GSTIN is 27AACCG4613L1ZK (Maharashtra). The company holds 8 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on NSE: GIRIRAJ.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹23.92 Cr. It was formerly known as Giriraj Civil Developers Private Limited. It is led by directors including Krushang Mahesh Shah (Managing Director) and Prasham Nitin Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹308.98 Cr, a decline of 1.7% compared to the previous year. For the same year it recorded a net profit of ₹15.11 Cr (net margin 4.9%) and EBITDA of ₹23.95 Cr (EBITDA margin 7.8%). The net worth stands at ₹146.22 Cr (up 11.5% YoY). Total assets are valued at ₹174.54 Cr (down 20.3% YoY).
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Giriraj Civil Developer and Giriraj. As per MCA filings, the company has open charges of ₹53.38 Cr and satisfied charges of ₹4.25 Cr on record. Court records list 48 cases involving the company, including 19 filed by the company and 29 filed against it; 4 cases are pending. The company has 44 deals on record (31 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹66.67 Cr; the latest was in September 2026. Its 3 peer companies in the Infrastructure industry (Railway Construction), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 2 larger and 1 smaller; the largest is Kalindee Rail Nirman Engineers Limited with revenue of ₹377 Cr.
Giriraj Civil Developers Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0239416). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website giriraj.co.
Company details
CIN L45200MH2005PLC156879
Registration Number 156879
Incorporation Date 19 October 2005
ROC Mumbai
Listing Status Listed (NSE: GIRIRAJ)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0239416
CIN history
Giriraj Civil Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200MH2005PLC156879, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200MH2005PLC156879 | Current |
| U45200MH2005PLC156879 | Previous |
| U45200MH2005PTC156879 | Previous |
Key People
Krushang Mahesh Shah Managing Director Prasham Nitin Shah Director Tina Jeevan Dass Director Recognitions & Rankings of Giriraj Civil Developers
Contact details
Giriraj Civil Developers Limited's registered office is in Borivali West, Maharashtra. Its website is giriraj.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Nine Square, Ramdas Sutrale Marg Off Chandavarkar Lane, Mumbai, Maharashtra, India – 400092
- IndustryInfrastructure and Utilities, Railway Infrastructure Development
To see the full contact details of Giriraj Civil Developers Limited, buy the company report.
Comprehensive company report
Giriraj Civil Developers Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Giriraj Civil Developers operates two associated brands: Giriraj Civil Developer and Giriraj. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate property development services | giriraj.biz | |
| Provider of general contractor services | giriraj.co |
Business activity
The main business activities of Giriraj Civil Developers are construction and trade. In detail, this covers roads, railways, utility projects and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Giriraj Civil Developers Limited, buy the company report.
Financials of Giriraj Civil Developers Limited
FY 2025-26 filings availableGiriraj Civil Developers Limited reported revenue of ₹308.98 Cr (down 1.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹309 Cr
-1.7% YoY
EBITDA
₹23.95 Cr
-5.5% YoY
Profit After Tax
₹15.11 Cr
-15.5% YoY
Net Worth
₹146 Cr
+11.5% YoY
Total Assets
₹175 Cr
-20.3% YoY
Total Debt
₹22.45 Cr
-15.1% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 309 | 314 | 174 | 126 |
| Revenue growth | -1.7% | +80.3% | +37.9% | - |
| EBITDA | 23.95 | 25.34 | 15.76 | 8.44 |
| EBITDA margin | +7.8% | +8.1% | +9.0% | +6.7% |
| Profit before tax | 20.47 | 24.62 | 13.43 | 6.40 |
| Net profit | 15.11 | 17.88 | 10.13 | 4.52 |
| Net profit margin | +4.9% | +5.7% | +5.8% | +3.6% |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 |
| Balance sheet | ||||
| Total assets | 175 | 219 | 127 | 83.45 |
| Net worth | 146 | 131 | 113 | 60.33 |
| Total debt | 22.45 | 26.45 | 9.99 | 21.50 |
| Cash & bank | 2.73 | 14.15 | 7.96 | 17.83 |
| Net working capital | 123 | 131 | 68.18 | 60.62 |
| Cash flow | ||||
| Cash from operations | (14.01) | (6.51) | (39.47) | 1.31 |
| Cash from investing | 7.53 | 2.33 | (0.49) | (7.82) |
| Cash from financing | 0.80 | 4.05 | 30.10 | 23.35 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 296 | 295 | 135 | 95.13 | 83.08 | 63.57 | 24.44 |
| Revenue growth | +0.5% | +118.8% | +41.6% | +14.5% | +30.7% | +160.1% | - |
| EBITDA | 23.80 | 24.66 | 14.48 | 7.32 | 6.06 | 5.20 | 2.57 |
| EBITDA margin | +8.0% | +8.4% | +10.8% | +7.7% | +7.3% | +8.2% | +10.5% |
| Profit before tax | 20.38 | 24.33 | 13.17 | 5.90 | 5.02 | 3.62 | 1.37 |
| Net profit | 15.10 | 17.25 | 8.85 | 3.94 | 3.61 | 2.86 | 0.91 |
| Net profit margin | +5.1% | +5.9% | +6.6% | +4.1% | +4.4% | +4.5% | +3.7% |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 | 11.69 | 8.23 | 3.19 |
| Balance sheet | |||||||
| Total assets | 172 | 207 | 126 | 81.83 | 57.97 | 46.69 | 46.07 |
| Net worth | 146 | 131 | 113 | 60.33 | 34.15 | 29.79 | 26.54 |
| Total debt | 21.67 | 17.40 | 10.07 | 19.88 | 17.88 | 14.75 | 17.80 |
| Cash & bank | 1.99 | 7.68 | 7.80 | 14.78 | 2.73 | 2.40 | 1.38 |
| Net working capital | 120 | 117 | 59.08 | 51.20 | 23.42 | 14.97 | 35.45 |
| Cash flow | |||||||
| Cash from operations | (14.01) | (6.51) | (27.91) | (23.06) | (5.30) | 28.85 | (1.06) |
| Cash from investing | 7.53 | 2.33 | (9.37) | 13.53 | 3.68 | (23.94) | 1.79 |
| Cash from financing | 0.80 | 4.05 | 30.31 | 21.58 | 1.95 | (3.89) | (1.63) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 01 Nov 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 309 | 314 | 174 | 126 |
| Revenue growth | -1.7% | +80.3% | +37.9% | - |
| Other income | 1.60 | 4.18 | 1.66 | 0.56 |
| Total expenses | 285 | 289 | 159 | 118 |
| Employee cost | 0.00 | 8.59 | 6.35 | 3.12 |
| EBITDA | 23.95 | 25.34 | 15.76 | 8.44 |
| EBITDA margin | +7.8% | +8.1% | +9.0% | +6.7% |
| Depreciation | 1.53 | 1.45 | 1.12 | 0.48 |
| Interest | 3.55 | 3.45 | 2.87 | 2.12 |
| Profit before tax | 20.47 | 24.62 | 13.43 | 6.40 |
| Tax | 5.36 | 6.74 | 3.30 | 1.88 |
| Net profit | 15.11 | 17.88 | 10.13 | 4.52 |
| Net profit margin | +4.9% | +5.7% | +5.8% | +3.6% |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 23.92 | 23.92 | 23.92 | 4.04 |
| Reserves & surplus | 122 | 107 | 89.33 | 56.29 |
| Shareholders' funds (net worth) | 146 | 131 | 113 | 60.33 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 8.53 | 12.44 | 2.65 | 5.48 |
| Unsecured loans | 13.92 | 14.01 | 7.34 | 16.02 |
| Total debt | 22.45 | 26.45 | 9.99 | 21.50 |
| Total liabilities | 175 | 219 | 127 | 83.45 |
| Assets | ||||
| Gross block | 15.62 | 16.56 | 12.65 | 10.51 |
| Net block | 10.95 | 12.10 | 9.64 | 8.63 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 65.48 | 70.03 | 42.88 | 36.30 |
| Sundry debtors | 85.80 | 66.06 | 36.84 | 16.21 |
| Cash & bank balances | 2.73 | 14.15 | 7.96 | 17.83 |
| Loans & advances | 44.90 | 65.36 | 31.28 | 23.64 |
| Total current assets | 199 | 216 | 119 | 93.98 |
| Total current liabilities | 75.92 | 84.77 | 50.78 | 33.36 |
| Net working capital | 123 | 131 | 68.18 | 60.62 |
| Total assets | 175 | 219 | 127 | 83.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 7.68 | 7.80 | 17.83 | 0.99 |
| Net cash from operating activities | (14.01) | (6.51) | (39.47) | 1.31 |
| Net cash from investing activities | 7.53 | 2.33 | (0.49) | (7.82) |
| Net cash from financing activities | 0.80 | 4.05 | 30.10 | 23.35 |
| Net change in cash | (5.69) | (0.13) | (9.87) | 16.84 |
| Closing cash | 2.73 | 14.15 | 7.96 | 17.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | -1.7% | +80.3% | +37.9% | - |
| EBITDA growth | -5.5% | +60.8% | +86.7% | - |
| PBT growth | -16.9% | +83.3% | +109.8% | +9997.0% |
| Net income growth | -15.5% | +76.5% | +124.1% | - |
| Revenue CAGR (3Y) | +34.7% | - | - | - |
| EBITDA CAGR (3Y) | +41.6% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +4.9% | +5.7% | +5.8% | +3.6% |
| Return on capital employed | - | +16.2% | +15.5% | +10.2% |
| Return on net worth | - | +14.6% | +11.7% | +7.5% |
| Debt / equity | - | 0.14 | 0.18 | 0.36 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 |
| Interest cover | 15.83 | 14.44 | 19.60 | 26.63 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 21.52 | 15.05 | 12.03 |
| Inventory turnover | - | 5.57 | 4.40 | 3.48 |
| Debtors turnover | - | 6.11 | 6.57 | 7.80 |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 54.82 | 47.34 | 149.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 296 | 295 | 135 | 95.13 | 83.08 | 63.57 | 24.44 |
| Revenue growth | +0.5% | +118.8% | +41.6% | +14.5% | +30.7% | +160.1% | - |
| Other income | 1.58 | 4.41 | 2.47 | 1.17 | 0.79 | 0.33 | 0.95 |
| Total expenses | 272 | 270 | 120 | 87.81 | 77.02 | 58.37 | 21.87 |
| Employee cost | 0.00 | 8.58 | 6.35 | 3.12 | 0.67 | 0.71 | 1.00 |
| EBITDA | 23.80 | 24.66 | 14.48 | 7.32 | 6.06 | 5.20 | 2.57 |
| EBITDA margin | +8.0% | +8.4% | +10.8% | +7.7% | +7.3% | +8.2% | +10.5% |
| Depreciation | 1.53 | 1.45 | 1.12 | 0.48 | 0.08 | 0.08 | 0.10 |
| Interest | 3.47 | 3.29 | 2.66 | 2.11 | 1.75 | 1.83 | 2.05 |
| Profit before tax | 20.38 | 24.33 | 13.17 | 5.90 | 5.02 | 3.62 | 1.37 |
| Tax | 5.28 | 6.44 | 3.05 | 1.41 | 1.23 | 0.96 | 0.33 |
| Net profit | 15.10 | 17.25 | 8.85 | 3.94 | 3.61 | 2.86 | 0.91 |
| Net profit margin | +5.1% | +5.9% | +6.6% | +4.1% | +4.4% | +4.5% | +3.7% |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 | 11.69 | 8.23 | 3.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 23.92 | 23.92 | 23.92 | 4.04 | 3.24 | 3.24 | 3.24 |
| Reserves & surplus | 122 | 107 | 89.33 | 56.29 | 30.91 | 26.55 | 23.30 |
| Shareholders' funds (net worth) | 146 | 131 | 113 | 60.33 | 34.15 | 29.79 | 26.54 |
| Secured loans | 8.53 | 12.44 | 2.65 | 5.48 | 6.99 | 10.57 | 11.00 |
| Unsecured loans | 13.14 | 4.96 | 7.42 | 14.40 | 10.89 | 4.18 | 6.80 |
| Total debt | 21.67 | 17.40 | 10.07 | 19.88 | 17.88 | 14.75 | 17.80 |
| Total liabilities | 172 | 207 | 126 | 81.83 | 57.97 | 46.69 | 46.07 |
| Assets | |||||||
| Gross block | 15.62 | 16.56 | 12.65 | 10.51 | 2.19 | 1.90 | 1.90 |
| Net block | 10.95 | 12.10 | 9.65 | 8.63 | 0.79 | 0.58 | 0.65 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.47 | 9.23 | 11.69 | 1.99 | 22.73 | 25.96 | 0.86 |
| Inventories | 65.48 | 70.03 | 42.88 | 36.26 | 26.36 | 18.42 | 14.50 |
| Sundry debtors | 84.74 | 66.65 | 33.04 | 17.80 | 9.74 | 17.30 | 14.30 |
| Cash & bank balances | 1.99 | 7.68 | 7.80 | 14.78 | 2.73 | 2.40 | 1.38 |
| Loans & advances | 41.58 | 56.12 | 18.46 | 11.87 | 10.88 | 6.50 | 16.60 |
| Total current assets | 194 | 200 | 102 | 80.71 | 49.71 | 44.62 | 46.78 |
| Total current liabilities | 74.21 | 83.29 | 43.10 | 29.51 | 26.29 | 29.65 | 11.33 |
| Net working capital | 120 | 117 | 59.08 | 51.20 | 23.42 | 14.97 | 35.45 |
| Total assets | 172 | 207 | 126 | 81.83 | 57.97 | 46.69 | 46.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 7.68 | 7.80 | 14.78 | 2.73 | 2.40 | 1.38 | 2.28 |
| Net cash from operating activities | (14.01) | (6.51) | (27.91) | (23.06) | (5.30) | 28.85 | (1.06) |
| Net cash from investing activities | 7.53 | 2.33 | (9.37) | 13.53 | 3.68 | (23.94) | 1.79 |
| Net cash from financing activities | 0.80 | 4.05 | 30.31 | 21.58 | 1.95 | (3.89) | (1.63) |
| Net change in cash | (5.69) | (0.13) | (6.98) | 12.05 | 0.33 | 1.02 | (0.89) |
| Closing cash | 1.99 | 7.68 | 7.80 | 14.78 | 2.73 | 2.40 | 1.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +0.5% | +118.8% | +41.6% | +14.5% | +30.7% | +160.1% | - |
| EBITDA growth | -3.5% | +70.3% | +97.8% | +20.8% | +16.5% | +102.3% | - |
| PBT growth | -16.2% | +84.7% | +123.2% | +17.5% | +38.7% | +164.2% | -56.4% |
| Net income growth | -12.5% | +94.9% | +124.6% | +9.1% | +26.2% | +214.3% | - |
| Revenue CAGR (3Y) | +46.0% | +52.5% | +28.4% | +57.3% | +23.8% | +4.6% | -18.3% |
| EBITDA CAGR (3Y) | +48.2% | +59.7% | +40.7% | +41.8% | +5.3% | -0.4% | -41.3% |
| Profitability & leverage | |||||||
| Net income margin | +5.1% | +6.1% | +7.5% | +4.7% | +4.6% | +4.2% | +4.3% |
| Return on capital employed | - | +16.6% | +15.2% | +10.4% | +12.9% | +11.8% | +7.2% |
| Return on net worth | - | +14.6% | +11.7% | +8.4% | +11.9% | +9.5% | +3.5% |
| Debt / equity | - | 0.11 | 0.17 | 0.40 | 0.51 | 0.58 | 0.70 |
| Long-term debt / equity | - | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.04 |
| Interest cover | 15.58 | 14.17 | 19.91 | 30.85 | 29.26 | 35.74 | 83.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 20.18 | 11.63 | 14.98 | 46.29 | 37.67 | 13.99 |
| Inventory turnover | - | 5.22 | 3.40 | 3.04 | 4.23 | 4.35 | 1.68 |
| Debtors turnover | - | 5.91 | 5.30 | 6.91 | 7.00 | 4.53 | 1.68 |
| EPS (₹) | 6.31 | 7.48 | 4.23 | 11.14 | 11.69 | 8.23 | 3.19 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 54.82 | 47.34 | 149.20 | 105.28 | 91.84 | 81.82 |
To see the full year-wise statements and ratios of Giriraj Civil Developers Limited, buy the company report.
Board of directors of Giriraj Civil Developers Limited
Giriraj Civil Developers has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krushang Mahesh Shah | Managing Director | 05 Apr 2017 | 9 Years 6 Months | Current |
| Prasham Nitin Shah Also directs: Manka Business LLP, Giriraj Futurecon Private Limited | Director | 19 Mar 2022 | 4 Years 7 Months | Current |
| Tina Jeevan Dass | Director | 19 Mar 2022 | 4 Years 7 Months | Current |
| Bhumika Atul Dedhia Also directs: Fusion Klassroom Edutech Limited | Director | 23 Jul 2025 | 1 Years 3 Months | Current |
| Rohan Vilas Jadhav | Additional Director | 05 May 2025 | 1 Years 5 Months | Current |
| Nilesh Mishra Also directs: Mopshop Distribution Limited | Additional Director | 10 Jun 2026 | 0 Years 4 Months | Current |
Peer comparison
Giriraj Civil Developers Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Railway Construction), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kalindee Rail Nirman Engineers Limited | ₹377 Cr (FY 2016) | 18.0% | New Delhi, Delhi, India | |||
| Shivakriti International Limited | ₹353.79 Cr (FY 2025) | 16.0% | Jaipur, Rajasthan, India | |||
| Giriraj Civil Developers Limitedthis company | ₹308.98 Cr (FY 2026) | ₹15.11 Cr | 4.9% | -1.7% | 15 | Mumbai, Maharashtra, India |
| Topline Infra-Projects Private Limited | ₹307.87 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Giriraj Civil Developers Limited, buy the company report.
Auditor
Giriraj Civil Developers Limited is audited by R H A D & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R H A D & Co. | FY 2023 | 102588W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 55.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 45.00%.
Sep 2026
QUARTER
55.00% Promoters
45.00% Retail & Others
Promoter holding - history
Now 55.00% · Sep 2026High 55.00% · Sep 2026Low 51.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 55.00% | 51.10% | 51.10% | 51.10% |
| Public | 45.00% | 48.90% | 48.90% | 48.90% |
Charges & borrowings
Open charges
₹53.38 Cr
Satisfied charges
₹4.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2026 | 101289390 | Others | ₹25.56 Lakh | Open | |
| 29 Mar 2026 | 101291394 | Others | ₹25.56 Lakh | Open | |
| 29 Mar 2026 | 101291398 | Others | ₹22.9 Lakh | Open | |
| 29 Mar 2026 | 101294285 | Others | ₹25.56 Lakh | Open | |
| 28 Mar 2026 | 101285220 | Others | ₹16.43 Lakh | Open |
To see the full charge records of Giriraj Civil Developers Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Giriraj Civil Developers Limited has 44 deals on record (31 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹66.67 Cr; the latest was in September 2026.
Total deals
44
Market trades
31
Funding rounds
6
Secondary share transfers
5
Rights issue
1
Disclosed funding
₹66.67 Cr
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹6.56 Cr | Buyer: Agarwal Family Trust Seller: Chips & Bytes (India) Private Limited |
| Oct 2023 | Funding round | ₹42.99 Cr | Investors: Chips & Bytes (India) Private Limited , Wisdom Packaging Private Limited , 2 individuals |
| May 2023 | Market trade | ₹2.02 Cr | Buyer: Wisdom Packaging Private Limited Seller: an individual |
| May 2023 | Market trade | ₹42.3 Lakh | Buyer: Wisdom Packaging Private Limited Seller: an individual |
| May 2023 | Market trade | ₹40.7 Lakh | Buyer: Wisdom Packaging Private Limited Seller: an individual |
To see the full deal history of Giriraj Civil Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Giriraj Civil Developers Limited has 48 court cases on record: 19 filed by Giriraj Civil Developers, 29 filed against it. 4 cases are pending and 44 are disposed.
Total cases
48
Filed by the company
19
Filed against the company
29
Pending
4
Disposed
44
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 21 | 2 |
| High courts | 19 | 6 | 2 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by RDC Concrete India Limited | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed against the company by B2b Genie Pvt Ltd Jariye Rahul Sokhiya | Disposed |
| District court, Jaipur Metro I, Rajasthan | Criminal case | Filed against the company by B2b Genie Pvt Ltd Jariye Rahul Sokhiya | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by RBL Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
To see the full case history of Giriraj Civil Developers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Giriraj Civil Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Giriraj Civil Developers Limited has a workforce of 15 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
66.67%
GST
Giriraj Civil Developers has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
7
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCG4613L1ZK | Maharashtra | Active | 01 Jul 2017 |
| 24AACCG4613L1ZQ | Gujarat | Active | 01 Jul 2017 |
| 08AACCG4613L2ZJ | Rajasthan | Active | 04 Oct 2017 |
| 23AACCG4613L1ZS | Madhya Pradesh | Active | 24 Dec 2021 |
To see the full GST registrations and return filing status of Giriraj Civil Developers Limited, buy the company report.
Recent activity
Giriraj Civil Developers Limited has 18 board changes on record since 2005: 13 appointments and 5 cessations. The latest: Nilesh Mishra was appointed as Additional Director on 10 Jun 2026.
Appointed
Nilesh Mishra was appointed as Additional Director.
Filing
Giriraj Civil Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 101289390 was registered on 29 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 101291394 was registered on 29 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 101291398 was registered on 29 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.26 Cr with Charge ID 101294285 was registered on 29 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101285220 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 101285233 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 101285258 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.23 Cr with Charge ID 101285247 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101289394 was registered on 28 Mar 2026.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 101291388 was registered on 28 Mar 2026.
31 earlier events are in the company report.
News
Frequently asked questions
Giriraj Civil Developers is an active public limited company based in Mumbai, Maharashtra, India. The company works in railway infrastructure development, within the infrastructure and utilities industry. It was incorporated on 19 October 2005 (21+ years old) and is registered under CIN L45200MH2005PLC156879. Listed on NSE: GIRIRAJ.
Giriraj Civil Developers reported revenue of ₹308.98 Cr for FY 2025-26 (down 1.7% YoY) based on consolidated financials.
Giriraj Civil Developers has 6 current directors:
- Krushang Mahesh Shah - Managing Director
- Prasham Nitin Shah - Director
- Tina Jeevan Dass - Director
- Bhumika Atul Dedhia - Director
- Rohan Vilas Jadhav - Additional Director
- Nilesh Mishra - Additional Director
The latest financial statements of Giriraj Civil Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Giriraj Civil Developers is 27AACCG4613L1ZK, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCG4613L1ZQ (Gujarat), 08AACCG4613L2ZJ (Rajasthan), 23AACCG4613L1ZS (Madhya Pradesh).
The CIN (Corporate Identification Number) of Giriraj Civil Developers is L45200MH2005PLC156879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Giriraj Civil Developers is a listed company as per MCA records. Its shares are listed on NSE (symbol: GIRIRAJ).
Giriraj Civil Developers has 48 court cases on record: 19 filed by the company and 29 filed against it. 4 are pending. Most are in the district courts.
Giriraj Civil Developers was incorporated on 19 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Giriraj Civil Developers has 44 deals on record (31 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹66.67 Cr; the latest was in September 2026.
The peers of Giriraj Civil Developers by revenue are Kalindee Rail Nirman Engineers Limited, Shivakriti International Limited, Topline Infra-Projects Private Limited, all in the Infrastructure industry (Railway Construction), with the same principal business activity (roads, railways, utility projects).
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