About Indifra Limited
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Indifra Limited is a public limited company based in Anand, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 20 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45200GJ2009PLC056995. Its GSTIN is 24AANCS1104M1ZD (Gujarat). The company holds 4 GST registrations, all of them active. It is a listed company.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.29 Cr. It was formerly known as Airan Infrastructure Private Limited and Starleads Consultants Private Limited. It is led by directors including Agrawal Sandeepkumar Abhishek (Managing Director) and Siddharth Sampatji Dugar.
Its last annual general meeting (AGM) was held on 13 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Anand, Gujarat.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹17.41 Cr, a growth of 48.5% compared to the previous year. For the same year it recorded a net loss of ₹15 Lakh (net margin -0.9%) and EBITDA of -₹31 Lakh (EBITDA margin -1.8%). The net worth stands at ₹18.18 Cr (up 0.1% YoY). Total assets are valued at ₹18.19 Cr (up 0.1% YoY).
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indifra. The company has 1 deal on record (1 ipo); the latest was in December 2023. Its 10 peer companies in the Infrastructure industry (Construction Services, Electronic Appliances Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is B R Agencies Private Limited with revenue of ₹12.17 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indifra.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address9 Krishna Villa Nr. Aamrakunj Society Karamsad, V.V Nagar Road, Anand, Gujarat, India – 388325
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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 Indifra Limited
The main business activity of Indifra is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Indifra Limited FY 2025-26 filings available
Indifra Limited reported revenue of ₹17.41 Cr (up 48.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| 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 | 17.41 | 11.72 | 9.86 | 10.01 | 10.91 | 3.02 | 2.25 |
| Revenue growth | +48.6% | +18.9% | -1.5% | -8.3% | +261.3% | +34.2% | - |
| EBITDA | (0.31) | (0.38) | (1.35) | 1.48 | 0.59 | 0.14 | 0.10 |
| EBITDA margin | -1.8% | -3.2% | -13.7% | +14.8% | +5.4% | +4.6% | +4.4% |
| Profit before tax | 0.04 | 0.00 | (1.17) | 1.36 | 0.53 | 0.14 | 0.11 |
| Net profit | (0.15) | 0.00 | (1.17) | 1.00 | 0.40 | 0.10 | 0.08 |
| Net profit margin | -0.9% | 0.0% | -11.9% | +10.0% | +3.7% | +3.3% | +3.6% |
| EPS (₹) | 0.02 | 0.01 | (1.63) | 998.10 | 399.40 | 105.10 | 75.87 |
| Balance sheet | |||||||
| Total assets | 18.19 | 18.18 | 18.17 | 2.09 | 1.21 | 0.76 | 0.20 |
| Net worth | 18.18 | 18.16 | 18.16 | 1.70 | 0.71 | 0.31 | 0.20 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.38 | 0.51 | 0.45 | 0.00 |
| Cash & bank | 0.09 | 0.13 | 0.32 | (1.32) | 0.80 | 0.08 | 0.37 |
| Net working capital | 15.70 | 7.16 | 8.62 | 1.97 | 1.09 | 0.64 | 0.09 |
| Cash flow | |||||||
| Cash from operations | (8.90) | 0.89 | (6.36) | (1.88) | 0.72 | (0.69) | - |
| Cash from investing | 8.86 | (1.08) | (9.25) | 0.00 | 0.00 | (0.01) | - |
| Cash from financing | 0.00 | 0.00 | 17.25 | (0.24) | 0.00 | 0.41 | - |
| Particulars | Jun 2023 |
|---|---|
| Revenue | 0.63 |
| Other income | 0.01 |
| Total expenses | 0.59 |
| EBITDA | 0.04 |
| EBITDA margin | +6.3% |
| Depreciation | 0.00 |
| Interest | 0.01 |
| Profit before tax | 0.04 |
| Tax | 0.01 |
Financial Statements
| Particulars | Jun 2023 |
|---|---|
| Revenue | 0.63 |
| Other income | 0.01 |
| Total expenses | 0.59 |
| EBITDA | 0.04 |
| EBITDA margin | +6.3% |
| Depreciation | 0.00 |
| Interest | 0.01 |
| Profit before tax | 0.04 |
| Tax | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 17.41 | 11.72 | 9.86 | 10.01 | 10.91 | 3.02 | 2.25 |
| Revenue growth | +48.6% | +18.9% | -1.5% | -8.3% | +261.3% | +34.2% | - |
| Other income | 0.41 | 0.41 | 0.19 | 0.01 | 0.01 | 0.05 | 0.03 |
| Total expenses | 17.72 | 12.10 | 11.21 | 8.53 | 10.32 | 2.88 | 2.15 |
| Employee cost | 1.07 | 0.47 | 0.39 | 0.20 | 0.22 | 0.15 | 1.29 |
| EBITDA | (0.31) | (0.38) | (1.35) | 1.48 | 0.59 | 0.14 | 0.10 |
| EBITDA margin | -1.8% | -3.2% | -13.7% | +14.8% | +5.4% | +4.6% | +4.4% |
| Depreciation | 0.06 | 0.03 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 |
| Interest | 0.00 | 0.00 | 0.01 | 0.12 | 0.06 | 0.04 | 0.00 |
| Profit before tax | 0.04 | 0.00 | (1.17) | 1.36 | 0.53 | 0.14 | 0.11 |
| Tax | 0.02 | 0.00 | 0.00 | 0.36 | 0.13 | 0.04 | 0.03 |
| Net profit | (0.15) | 0.00 | (1.17) | 1.00 | 0.40 | 0.10 | 0.08 |
| Net profit margin | -0.9% | 0.0% | -11.9% | +10.0% | +3.7% | +3.3% | +3.6% |
| EPS (₹) | 0.02 | 0.01 | (1.63) | 998.10 | 399.40 | 105.10 | 75.87 |
| 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 | 7.29 | 7.29 | 7.29 | 0.01 | 0.01 | 0.01 | 0.01 |
| Reserves & surplus | 10.89 | 10.87 | 10.87 | 1.69 | 0.70 | 0.30 | 0.19 |
| Shareholders' funds (net worth) | 18.18 | 18.16 | 18.16 | 1.70 | 0.71 | 0.31 | 0.20 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.38 | 0.51 | 0.45 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.38 | 0.51 | 0.45 | 0.00 |
| Total liabilities | 18.19 | 18.18 | 18.17 | 2.09 | 1.21 | 0.76 | 0.20 |
| Assets | |||||||
| Gross block | 0.38 | 0.31 | 0.05 | 0.13 | 0.13 | 0.12 | 0.04 |
| Net block | 0.17 | 0.17 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.20 | 10.75 | 9.29 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 4.41 | 1.39 | 0.69 | 0.56 | 0.53 | 0.76 | 0.34 |
| Sundry debtors | 5.46 | 3.49 | 3.80 | 3.11 | 2.59 | 1.32 | 0.79 |
| Cash & bank balances | 0.09 | 0.13 | 0.32 | (1.32) | 0.80 | 0.08 | 0.37 |
| Loans & advances | 8.61 | 2.52 | 4.09 | 0.66 | 0.16 | 0.02 | 0.09 |
| Total current assets | 18.57 | 7.53 | 8.90 | 3.01 | 4.08 | 2.18 | 1.59 |
| Total current liabilities | 2.87 | 0.37 | 0.28 | 1.04 | 2.99 | 1.54 | 1.50 |
| Net working capital | 15.70 | 7.16 | 8.62 | 1.97 | 1.09 | 0.64 | 0.09 |
| Total assets | 18.19 | 18.18 | 18.17 | 2.09 | 1.21 | 0.76 | 0.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.13 | 0.32 | (1.32) | 0.80 | 0.08 | 0.37 | - |
| Net cash from operating activities | (8.90) | 0.89 | (6.36) | (1.88) | 0.72 | (0.69) | - |
| Net cash from investing activities | 8.86 | (1.08) | (9.25) | 0.00 | 0.00 | (0.01) | - |
| Net cash from financing activities | 0.00 | 0.00 | 17.25 | (0.24) | 0.00 | 0.41 | - |
| Net change in cash | (0.04) | (0.19) | 1.64 | (2.12) | 0.72 | (0.29) | - |
| Closing cash | 0.09 | 0.13 | 0.32 | (1.32) | 0.80 | 0.08 | - |
| 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 | +48.6% | +18.9% | -1.5% | -8.3% | +261.3% | +34.2% | - |
| EBITDA growth | +18.4% | +71.9% | -191.2% | +150.9% | +321.4% | +40.0% | - |
| PBT growth | +9997.0% | +9997.0% | - | +156.6% | +278.6% | +27.3% | +83.3% |
| Net income growth | - | +100.0% | -217.0% | +150.0% | +300.0% | +25.0% | - |
| Revenue CAGR (3Y) | +20.3% | +2.4% | +48.4% | +64.5% | +87.3% | - | - |
| EBITDA CAGR (3Y) | - | - | - | +145.5% | +114.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.1% | 0.0% | -11.9% | +10.0% | +3.7% | +3.3% | +3.6% |
| Return on capital employed | -0.7% | +0.1% | 0.0% | +89.7% | +59.6% | +39.6% | +66.7% |
| Return on net worth | -0.8% | +0.1% | 0.0% | +83.0% | +78.4% | +43.1% | +48.5% |
| Debt / equity | 0.00 | 0.00 | 0.02 | 0.37 | 0.94 | 0.88 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | 0.00 | -0.74 | 8.16 | 10.34 | 30.77 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 50.46 | 65.11 | 109.56 | 77.00 | 87.28 | 37.75 | 28.13 |
| Inventory turnover | 6.00 | 11.27 | 15.78 | 18.37 | 16.91 | 5.49 | 5.84 |
| Debtors turnover | 3.89 | 3.22 | 2.85 | 3.51 | 5.58 | 2.86 | 3.60 |
| EPS (₹) | 0.02 | 0.01 | (1.63) | 998.10 | 399.40 | 105.10 | 75.87 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 24.94 | 24.92 | 24.91 | 1,704.30 | 706.20 | 306.90 | 201.77 |
Peer Comparison of Indifra Limited
Indifra Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services, Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indifra Limited this company | ₹17.41 Cr (FY 2026) | •••• | •••• | 48.5% | •••• | Anand, Gujarat, India |
| B R Agencies Private Limited | ₹12.17 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Ahmedabad, Gujarat, India |
| Tilak Trading Company Private Limited | ₹12.17 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Renuccorp Private Limited | ₹12.16 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Akola, Maharashtra, India |
| Kiera Construction & Developers Private Limited | ₹12.15 Cr (FY 2023) | •••• | •••• | 56.0% | •••• | Delhi, India |
| Dexterous Studio Private Limited | ₹12.15 Cr (FY 2025) | •••• | •••• | 286.0% | •••• | Mumbai, Maharashtra, India |
| Surakshit Dealtrade Private Limited | ₹12.13 Cr (FY 2025) | •••• | •••• | 190.0% | •••• | North 24 Parganas, West Bengal, India |
| Grover Light Source Private Limited | ₹12.13 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Partapur, Uttar Pradesh, India |
| Sarika Sai Enterprises Private Limited | ₹12.13 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Ranchi, Jharkhand, India |
| Aura Renewable Energy Private Limited | ₹12.13 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | New Delhi, Delhi, India |
| Saathi EV Fuel India Private Limited | ₹12.12 Cr (FY 2025) | •••• | •••• | •••• | Meerut, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Indifra by revenue in the Infrastructure industry (Construction Services, Electronic Appliances Retail and Distribution), 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 Indifra Limited
Indifra Limited is audited by DEORA MAHESHWARI &CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DEORA MAHESHWARI &CO | 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 Indifra Limited
Indifra has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Agrawal Sandeepkumar Abhishek | Managing Director | 22 Mar 2023 | 3 Years 6 Months | Current |
| Siddharth Sampatji Dugar Also directs: Airan Limited, Cqub Infosystems Private Limited, Airan Global Private Limited and 1 more | Director | 10 May 2023 | 3 Years 5 Months | Current |
| Ajit Gyanchand Jain Also directs: Airan Limited | Director | 17 Jun 2023 | 3 Years 3 Months | Current |
| Poonam Sandeepkumar Agrawal Also directs: Airan Limited, Airan Network Private Limited, Cqub Infosystems Private Limited and 2 more | Director | 27 Mar 2024 | 2 Years 6 Months | Current |
Shareholding Pattern of Indifra Limited
Shareholding for the quarter ended Sep 2026: promoters hold 67.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 32.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 67.60% | 67.60% | 67.60% | 67.60% |
| Public | 32.40% | 32.40% | 32.40% | 32.40% |
Charges & Borrowings of Indifra Limited
Indifra Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Indifra Limited
Indifra Limited has 1 deal on record (1 ipo); the latest was in December 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2023 | IPO | ₹14.04 Cr | Investors: Public Market Investors |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Indifra Limited
Indifra operates one associated brand: Indifra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of infrastructure management, gas pipeline laying, and electrical appliances distribution | indifra.com |
Employees and EPFO Compliance at Indifra Limited
Indifra Limited has a workforce of 7 employees as of Apr 09, 2024.
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.
Name History of Indifra Limited
Indifra has undergone 2 name changes throughout its history. The company was previously known as Airan Infrastructure Private Limited, and Starleads Consultants Private Limited. The current legal name is Indifra Limited.
| Company Name | Status |
|---|---|
| Indifra Limited | Current |
| Airan Infrastructure Private Limited | Previous |
| Starleads Consultants Private Limited | Previous |
CIN History of Indifra Limited
Indifra has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ2009PLC056995, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ2009PLC056995 | Current |
| U45200GJ2009PLC056995 | Previous |
| U74140GJ2009PTC056995 | Previous |
| U45200GJ2009PTC056995 | Previous |
Recent Activity on Indifra Limited
Indifra Limited has 17 board changes on record since 2011: 4 appointments and 13 cessations. The latest: Poonam Sandeepkumar Agrawal was appointed as Director on 27 Mar 2024.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Indifra 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 Indifra 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 Indifra 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 Indifra Limited
Indifra has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS1104M1ZD | Gujarat | Active | 01 Jul 2017 |
| 24AANCS1104M2ZC | Gujarat | Active | 24 Apr 2025 |
| 27AANCS1104M1Z7 | Maharashtra | Active | 01 Jan 2025 |
| 09AANCS1104M1Z5 | Uttar Pradesh | Active | 22 Feb 2025 |
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 Indifra 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 Indifra Limited
Indifra is an active public limited company based in Anand, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 20 May 2009 (17+ years old) and is registered under CIN L45200GJ2009PLC056995.
Indifra reported revenue of ₹17.41 Cr for FY 2025-26 (up 48.5% YoY) based on standalone financials.
Indifra has 4 current directors:
- Agrawal Sandeepkumar Abhishek - Managing Director
- Siddharth Sampatji Dugar - Director
- Ajit Gyanchand Jain - Director
- Poonam Sandeepkumar Agrawal - Director
The GSTIN of Indifra is 24AANCS1104M1ZD, registered in Gujarat. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 24AANCS1104M2ZC (Gujarat), 27AANCS1104M1Z7 (Maharashtra), 09AANCS1104M1Z5 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Indifra is L45200GJ2009PLC056995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Indifra is a listed company.
Indifra was incorporated on 20 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Indifra has 1 deal on record (1 ipo); the latest was in December 2023.
The peers of Indifra by revenue are B R Agencies Private Limited, Tilak Trading Company Private Limited, Renuccorp Private Limited, Kiera Construction & Developers Private Limited, Dexterous Studio Private Limited and 5 more, all in the Infrastructure industry (Construction Services, Electronic Appliances Retail and Distribution).
Poonam Sandeepkumar Agrawal was appointed as Director on 27 Mar 2024. Ajit Gyanchand Jain ceased to be Additional Director on 21 Jun 2023. Ajit Gyanchand Jain was appointed as Director on 17 Jun 2023. Indifra has 17 board changes on record in total.
Indifra can be reached through the website indifra.com. Its registered office is in Anand, Gujarat, India.