About HN Safal Infra Developers Private Limited
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HN Safal Infra Developers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45205GJ2015PTC083783. Its GSTIN is 24AAVCS9736P1Z5 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹65 Cr and a paid-up capital of ₹23.37 Cr. It was formerly known as Safal Infra-Developers Private Limited. It is led by directors including Chirag Bipinchandra Shah and Uday Vora Hasmukhbhai.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹657.89 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹185.78 Cr (net margin 28.2%) and EBITDA of ₹303.12 Cr (EBITDA margin 46.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 73% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: HN Safal. As per MCA filings, the company has open charges of ₹305.39 Cr and satisfied charges of ₹50.15 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hnsafal.com.
Company details
Contact details
HN Safal Infra Developers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is hnsafal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHn Safal House Beside Circle P Complex, Nr. Prahladnagar Cross Road S. G. Highway, Ahmedabad, Gujarat, India – 380015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of HN Safal Infra Developers Private Limited, buy the company report.
- 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
Brands
HN Safal Infra Developers operates one associated brand: HN Safal. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate developer focusing on commercial, residential, and plotting projects across India. | hnsafal.com |
Business activity
The main business activity of HN Safal Infra Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of HN Safal Infra Developers Private Limited, buy the company report.
Financials of HN Safal Infra Developers Private Limited
FY 2025 filings availableHN Safal Infra Developers Private Limited reported revenue of ₹657.89 Cr (up 176% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 176% growth in the latest year. EBITDA rose 88% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹303.12 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹185.78 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 46.1% | ||||
| Net Profit Margin | 28.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of HN Safal Infra Developers Private Limited, buy the company report.
Board of directors of HN Safal Infra Developers Private Limited
HN Safal Infra Developers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Bipinchandra Shah Also directs: HN Safal Realtech LLP, Samyaktva Construction LLP, Munisuvrat Real Estate Private Limited and 5 more | Director | 01 Apr 2018 | 8 Years 7 Months | Current |
| Uday Vora Hasmukhbhai | Director | 07 Sep 2017 | 9 Years 2 Months | Current |
| Dhiren Hasmukhlal Vora | Director | 07 Jul 2015 | 11 Years 4 Months | Current |
Peer comparison
HN Safal Infra Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ganga Global Homes Private Limited | ₹658.99 Cr (FY 2025) | 6676.0% | New Delhi, Delhi, India | |||
| HN Safal Infra Developers Private Limitedthis company | ₹657.89 Cr (FY 2025) | ₹185.78 Cr | 28.2% | 176.0% | 1 | Ahmedabad, Gujarat, India |
| Meenakshi Infrastructures Private Limited | ₹646.98 Cr (FY 2024) | -5.0% | Hyderabad, Telangana, India | |||
| Shree Naman Developers Private Limited | ₹642.58 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of HN Safal Infra Developers Private Limited, buy the company report.
Auditor
HN Safal Infra Developers Private Limited is audited by M/s. G. K. CHOKSI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. G. K. CHOKSI & CO. | FY 2023 | 101895W |
Shareholding
The shareholding of HN Safal Infra Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HN Safal Infra Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2024 | 100992235 | Others | ₹1 Cr | Open | |
| 25 Sep 2024 | 100986696 | Others | ₹100 Cr | Open | |
| 01 Dec 2023 | 100826911 | Others | ₹100 Cr | Open | |
| 07 Aug 2023 | 100758078 | Others | ₹100 Cr | Open | |
| 21 Jun 2023 | 100737203 | Others | ₹98.75 Lakh | Open |
To see the full charge records of HN Safal Infra Developers Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
HN Safal Infra Developers Private Limited has 7 court cases on record: 3 filed by HN Safal Infra Developers, 4 filed against it. 5 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 3 |
| High courts | 3 | 1 | 1 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (PWAPP-LC) | Filed against the company | Pending |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against The State of Gujarat and 3 others | Pending |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Pending |
To see the full case history of HN Safal Infra Developers Private 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
HN Safal Infra Developers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of HN Safal Infra Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
HN Safal Infra Developers has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Safal WSB Energy Private Limited | U40100GJ2010PTC062387 | |
| Safal Buildcon Private Limited | U45201GJ2007PTC050605 |
To see the full group structure of HN Safal Infra Developers Private Limited, buy the company report.
Employees & EPFO
HN Safal Infra Developers Private Limited has a workforce of 1 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
HN Safal Infra Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCS9736P1Z5 | Gujarat | Active | 26 Mar 2018 |
| 27AAVCS9736P1ZZ | Maharashtra | Active | 17 Jan 2025 |
To see the full GST registrations and return filing status of HN Safal Infra Developers Private Limited, buy the company report.
Recent activity
HN Safal Infra Developers Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Chirag Bipinchandra Shah ceased to be Additional Director on 29 Sep 2018.
9 earlier events are in the company report.
Frequently asked questions
HN Safal Infra Developers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 July 2015 (11+ years old) and is registered under CIN U45205GJ2015PTC083783.
HN Safal Infra Developers has 3 current directors:
- Chirag Bipinchandra Shah - Director
- Uday Vora Hasmukhbhai - Director
- Dhiren Hasmukhlal Vora - Director
The latest financial statements of HN Safal Infra Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of HN Safal Infra Developers is 24AAVCS9736P1Z5, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAVCS9736P1ZZ (Maharashtra).
The CIN (Corporate Identification Number) of HN Safal Infra Developers is U45205GJ2015PTC083783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HN Safal Infra Developers has 7 court cases on record: 3 filed by the company and 4 filed against it. 5 are pending. Most are in the district courts.
HN Safal Infra Developers was incorporated on 07 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of HN Safal Infra Developers by revenue are Ganga Global Homes Private Limited, Meenakshi Infrastructures Private Limited, Shree Naman Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Chirag Bipinchandra Shah ceased to be Additional Director on 29 Sep 2018. Chirag Bipinchandra Shah was appointed as Director on 01 Apr 2018. Girish Kantilal Chudasama ceased to be Director on 30 Sep 2017. HN Safal Infra Developers has 5 board changes on record in total.
HN Safal Infra Developers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
HN Safal Infra Developers can be reached through the website hnsafal.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of HN Safal Infra Developers is at Hn Safal House Beside Circle P Complex, Nr. Prahladnagar Cross Road S. G. Highway, Ahmedabad, Gujarat, India – 380015.
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