About Indianoil Adani Ventures Limited
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Indianoil Adani Ventures Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the engineering sector. It was incorporated on 28 August 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23200MH1996PLC102222. Its GSTIN is 27AAACI6794E1ZD (Maharashtra). The company holds 18 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,002 Cr. It was formerly known as Iot Infrastructure & Energy Services Limited. It is led by directors including Anubhav Jain (Managing Director) and Pranav Choudhary.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹655.38 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹225.22 Cr (net margin 34.4%) and EBITDA of ₹427.25 Cr (EBITDA margin 65.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
The company has about 358 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹655 Cr and satisfied charges of ₹1,615.39 Cr on record. Court records list 85 cases involving the company, including 40 filed by the company and 45 filed against it; 18 cases are pending. The company has 13 deals on record (6 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹262.22 Cr; the latest was in March 2024. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 121 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iotl.com.
Company details
Contact details
Indianoil Adani Ventures Limited's registered office is in Mumbai, Maharashtra. Its website is iotl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address103 1st Floor Spectra, Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Indianoil Adani Ventures 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
Business activity
The main business activity of Indianoil Adani Ventures is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Indianoil Adani Ventures Limited, buy the company report.
Financials of Indianoil Adani Ventures Limited
FY 2024 filings availableIndianoil Adani Ventures Limited reported revenue of ₹655.38 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 6% 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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| EBITDA | ₹427.25 Cr | ||||
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| Net Profit (PAT) | ₹225.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 65.2% | ||||
| Net Profit Margin | 34.4% | ||||
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To see the full financial statements and ratios of Indianoil Adani Ventures Limited, buy the company report.
Board of directors and KMP of Indianoil Adani Ventures Limited
Indianoil Adani Ventures Limited currently reports 7 directors and 2 key managerial personnel. 64 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranav Choudhary Also directs: Adani Krishnapatnam Port Limited, Adani Hazira Port Limited, Dholera Infrastructure Private Ltd and 5 more | Director | 29 May 2024 | 2 Years 4 Months | Current |
| Manoj Kumar Borad Also directs: Iot Utkal Energy Services Limited, Iav Utkarsh Limited, Iav Urja Services Limited and 3 more | Cfo | 01 Apr 2024 | 2 Years 6 Months | Current |
| Sanjay Parashar | Director | 17 Oct 2022 | 4 Years 0 Months | Current |
| Surjeet Singh Lamba | Director | 31 Jan 2023 | 3 Years 8 Months | Current |
| Joydeep Choudhury Also directs: Cauvery Basin Refinery and Petrochemicals Limited | Director | 29 Aug 2025 | 1 Years 1 Months | Current |
| Anubhav Jain | Managing Director | 31 Jan 2023 | 3 Years 8 Months | Current |
Auditor
Indianoil Adani Ventures Limited is audited by BSR & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2022 | 101248W |
Shareholding
The shareholding of Indianoil Adani Ventures 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Indianoil Adani Ventures Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2024 | 100995158 | Sbicap Trustee Company Limited | ₹178 Cr | Open | |
| 30 Jun 2023 | 100741595 | Sbicap Trustee Company Limited | ₹477 Cr | Open | |
| 19 Dec 2014 | 10538335 | Sbicap Trustee Company Limited | ₹350 Cr | Satisfied | |
| 08 Dec 2014 | 10538234 | Export-Import Bank of India | ₹250 Cr | Satisfied | |
| 13 Oct 2014 | 10528770 | State Bank of India | ₹320 Cr | Satisfied |
To see the full charge records of Indianoil Adani Ventures Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Indianoil Adani Ventures Limited has 13 deals on record (6 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹262.22 Cr; the latest was in March 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Adani Ports and Special Economic Zone Limited , Indian Oil Corporation Limited Seller: India Infrastructure Development Fund |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: Adani Ports and Special Economic Zone Limited Seller: Oiltanking India Gmbh |
| Aug 2016 | Rights issue | ₹448.13 Cr | Investors: Indian Oil Corporation Limited , Oiltanking India Gmbh |
| Mar 2015 | Rights issue | ₹400 Cr | Investors: Indian Oil Corporation Limited , Oiltanking India Gmbh, an individual |
| Mar 2014 | Funding round | ₹1.04 Cr | Investors: Indian Oil Corporation Limited , Oiltanking India Gmbh, India Infrastructure Development Fund |
To see the full deal history of Indianoil Adani Ventures 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
Indianoil Adani Ventures Limited has 85 court cases on record: 40 filed by Indianoil Adani Ventures, 45 filed against it. 18 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 19 | 13 |
| District courts | 32 | 23 | 2 |
| Supreme Court | 8 | 3 | 3 |
Cases on record (5 of 85)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Hindustan Petroleum Corporation Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by M/S. Constro Systems and Engineers Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Pennar Industries Limited9formally Known As Pennar Engineered Building Systems Ltd.) | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by M/S. Constro Systems and Engineers Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S. Constro Systems and Engineers Pvt Ltd | Disposed |
To see the full case history of Indianoil Adani Ventures 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
Indianoil Adani Ventures Limited was last rated by Indiarating on 22 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 22 Jun 2021 |
To see the full credit ratings and regulatory alerts of Indianoil Adani Ventures Limited, buy the company report.
MSME payment delays
Indianoil Adani Ventures Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 121 overdue payments to 41 micro and small suppliers. 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 (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cann Copier Services Private Limited | |||
| an individual supplier | |||
| Technocrats Security Systems Private Limited | |||
| Padmaja Areo Biologicals Private Limited | |||
| Conacent Consulting Private Limited |
To see the full MSME payment records of Indianoil Adani Ventures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indianoil Adani Ventures has 7 subsidiary companies, 1 joint venture, 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 |
|---|---|---|
| Iav Utkarsh Limited | U11100OR2022PLC040583 | |
| Kazakhstancaspishelf India Private Limited | U40104DL2010PTC209644 | |
| Iav Biogas Private Limited | U40107TZ2007PTC028391 | |
| Iav Infrastructures Private Limited | U45204MH2010PTC200970 | |
| Iot Utkal Energy Services Limited | U45208OR2009PLC011389 | |
| Iav Engineering Projects Limited | U74200MH2007PLC170617 |
To see the full group structure of Indianoil Adani Ventures Limited, buy the company report.
Employees & EPFO
Indianoil Adani Ventures Limited has a workforce of 358 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Indianoil Adani Ventures has 18 GST registrations: 13 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6794E1ZD | Maharashtra | Active | 01 Jul 2017 |
| 06AAACI6794E1ZH | Haryana | Active | 01 Jul 2017 |
| 08AAACI6794E1ZD | Rajasthan | Active | 01 Jul 2017 |
| 18AAACI6794E1ZC | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indianoil Adani Ventures Limited, buy the company report.
Recent activity
Indianoil Adani Ventures Limited has 72 board changes on record since 2007: 9 appointments and 63 cessations. The latest: Chakresh Kumar Jain ceased to be Additional Director on 22 Sep 2025.
95 earlier events are in the company report.
Frequently asked questions
Indianoil Adani Ventures is an active public limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 28 August 1996 (30+ years old) and is registered under CIN U23200MH1996PLC102222.
Indianoil Adani Ventures has 9 current directors and KMP:
- Anubhav Jain - Managing Director
- Pranav Choudhary - Director
- Sanjay Parashar - Director
- Surjeet Singh Lamba - Director
- Joydeep Choudhury - Director
- Birva Chiragbhai Patel - Director
- Chakresh Kumar Jain - Director
- Manoj Kumar Borad - Cfo
- Girjesh Shrivastava - Company Secretary
The latest financial statements of Indianoil Adani Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indianoil Adani Ventures is 27AAACI6794E1ZD, registered in Maharashtra. The company has 18 GST registrations in all, of which 13 are active and 5 are cancelled or inactive. Other active GSTINs include 06AAACI6794E1ZH (Haryana), 08AAACI6794E1ZD (Rajasthan), 18AAACI6794E1ZC (Assam).
The CIN (Corporate Identification Number) of Indianoil Adani Ventures is U23200MH1996PLC102222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indianoil Adani Ventures has 85 court cases on record: 40 filed by the company and 45 filed against it. 18 are pending. Most are in the high courts.
Indianoil Adani Ventures was incorporated on 28 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Indianoil Adani Ventures has 13 deals on record (6 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹262.22 Cr; the latest was in March 2024.
Chakresh Kumar Jain ceased to be Additional Director on 22 Sep 2025. Joydeep Choudhury ceased to be Additional Director on 22 Sep 2025. Joydeep Choudhury was appointed as Director on 29 Aug 2025. Indianoil Adani Ventures has 72 board changes on record in total.
Indianoil Adani Ventures has 11 MSME Form 1 returns on record between 2020 and 2024, listing 121 overdue payments to 41 micro and small suppliers. The latest return was filed on 27 May 2024.
Indianoil Adani Ventures can be reached through the website iotl.com. Its registered office is in Mumbai, Maharashtra, India.