About Indus Projects Limited
Data last updated:
Indus Projects Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 17 November 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1997PLC111921. Its GSTIN is 27AAACI2537B1Z2 (Maharashtra). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.15 Cr. It is led by directors including Kishor Himatlal Mehta and Madhur Kishor Mehta.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 304 Loha Bhavanp D Mello Road Masjid, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2017, the company reported a revenue of ₹111.79 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹8.75 Cr (net margin -7.8%) and EBITDA of ₹1 Cr (EBITDA margin 0.9%).
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹107.67 Cr and satisfied charges of ₹3.11 Cr on record. Court records list 70 cases involving the company, including 20 filed by the company and 50 filed against it; 7 cases are pending.
The last known website on record is induseng.com.
Company details
Contact details
Indus Projects Limited's registered office is in Mumbai, Maharashtra. Its website is induseng.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address304 Loha Bhavanp D Mello Road Masjid, Mumbai, Maharashtra, India – 400009
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Indus Projects 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
Financials of Indus Projects Limited
FY 2017 filings availableIndus Projects Limited reported revenue of ₹111.79 Cr (down 33% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year. EBITDA fell 93% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹111.79 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.75 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0.9% | ||
| Net Profit Margin | -7.8% | ||
| 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 | |||
To see the full financial statements and ratios of Indus Projects Limited, buy the company report.
Board of directors and KMP of Indus Projects Limited
Indus Projects Limited currently reports 3 directors and 1 key managerial person. 1 former director has served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhay Kishor Mehta | Ceo | 01 Apr 2014 | 12 Years 6 Months | As last reported |
| Kishor Himatlal Mehta | Director | 17 Nov 1997 | 28 Years 11 Months | As last reported |
| Madhur Kishor Mehta | Director | 17 Nov 1997 | 28 Years 11 Months | As last reported |
| Mahavir Kishor Mehta | Director | 17 Nov 1997 | 28 Years 11 Months | As last reported |
Auditor
Indus Projects Limited is audited by DARSHIL DOSHI & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DARSHIL DOSHI & CO | FY 2017 | 137998W |
Shareholding
The shareholding of Indus Projects Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indus Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2016 | 100033931 | Others | ₹12.5 Cr | Open | |
| 23 Nov 2012 | 10469208 | Union Bank of India | ₹4.5 Cr | Open | |
| 30 Dec 2011 | 10337018 | Corporation Bank | ₹4.6 Lakh | Open | |
| 14 Jul 2006 | 10010043 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 22 Jan 1999 | 80015903 | Corporation Bank | ₹88.62 Cr | Open |
To see the full charge records of Indus Projects Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Indus Projects Limited has 70 court cases on record: 20 filed by Indus Projects, 50 filed against it. 7 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 41 | 2 |
| High courts | 16 | 6 | 4 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Narangs International Hotels Pvt Ltd and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed against the company by SB Scaffolding (India) Private Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against V Mahesh – Liquidator of M/S Nagarjuna Oil Corporation Ltd | Pending |
| District court, Golaghat, Assam | Interim or miscellaneous application | Filed by the company against Numaligarh Refinery Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Dmsons Metal Pvt Ltd | Disposed |
To see the full case history of Indus Projects 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.
Credit ratings & regulatory alerts
Indus Projects Limited was last rated by Care on 23 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 23 Mar 2022 |
To see the full credit ratings and regulatory alerts of Indus Projects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indus Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indus Projects has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Indus Projects Limited has a workforce of 6 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Indus Projects has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI2537B1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 06AAACI2537B1Z6 | Haryana | Active | 01 Jul 2017 |
| 18AAACI2537B1Z1 | Assam | Active | 01 Jul 2017 |
| 24AAACI2537B2Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indus Projects Limited, buy the company report.
Recent activity
Indus Projects Limited has 5 board changes on record since 1997: 4 appointments and 1 cessation. The latest: Abhay Kishor Mehta was appointed as CEO on 01 Apr 2014.
13 earlier events are in the company report.
Frequently asked questions
Indus Projects is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indus Projects is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 17 November 1997 and is registered under CIN U74210MH1997PLC111921. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indus Projects has 4 current directors and KMP:
- Kishor Himatlal Mehta - Director
- Madhur Kishor Mehta - Director
- Mahavir Kishor Mehta - Director
- Abhay Kishor Mehta - Ceo
The latest financial statements of Indus Projects on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indus Projects is U74210MH1997PLC111921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indus Projects has open charges of ₹107.67 Cr and satisfied charges of ₹3.11 Cr as per latest MCA filings.
Indus Projects has 70 court cases on record: 20 filed by the company and 50 filed against it. 7 are pending. Most are in the district courts.
Indus Projects was incorporated on 17 November 1997. It is registered with the Registrar of Companies, Mumbai.
Abhay Kishor Mehta was appointed as CEO on 01 Apr 2014. Abhay Kishor Mehta ceased to be Managing Director on 01 Oct 2010. Kishor Himatlal Mehta was appointed as Director on 17 Nov 1997. Indus Projects has 5 board changes on record in total.
Indus Projects can be reached through the website induseng.com. Its registered office is in Mumbai, Maharashtra, India.