About I-Red Projects Limited
Data last updated:
I-Red Projects Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45400WB2008PLC127958. Its GSTIN is 19AABCI9260J1Z7 (West Bengal).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹50 Lakh. It was formerly known as I-Red Concret & Allied Construction Private Limited. It is led by directors including Sudipta Kolay and Bikram Kumar Saraf.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 60A Pankaj Mallick Sarani Ritchie Road, Kolkata, West Bengal, India – 700019.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.4 Lakh, a decline of 92% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Lakh (net margin 5.6%) and EBITDA of ₹10.07 Lakh (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 39% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹45.5 Lakh and satisfied charges of ₹4.95 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iredprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address60A Pankaj Mallick Sarani Ritchie Road, Kolkata, West Bengal, India – 700019
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 I-Red Projects Limited
The main business activity of I-Red Projects is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 I-Red Projects Limited FY 2024 filings available
I-Red Projects Limited reported revenue of ₹47.4 Lakh (down 92% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of I-Red Projects Limited
Revenue fell 92% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 31% 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 of I-Red Projects Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.66 Lakh | •••• | •••• | •••• | •••• |
| 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 of I-Red Projects Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of I-Red Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of I-Red Projects Limited
I-Red Projects Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Golden Infraventures Private Limited | •••• | •••• | •••• | •••• | - | Allahabad, Uttar Pradesh, India |
| Gaia Developers Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Autumnleaf Estates Private Limited | •••• | •••• | •••• | •••• | - | Ahmadabad City, Gujarat, India |
| Ravalgoan Tradelink Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Kanak Heights Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| I-Red Projects Limited this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Alpesh Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Vijapur, Gujarat, India |
| Ladam Homes Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Icc Indus Construction Private Limited | •••• | •••• | •••• | •••• | - | Mulund, Maharashtra, India |
| Designers Creations Pvt Ltd | •••• | •••• | •••• | •••• | - | Burnpur, West Bengal, India |
| Aarohi Developers and Promoters Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below I-Red Projects by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of I-Red Projects Limited
I-Red Projects Limited is audited by S KHANNA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S KHANNA & 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 I-Red Projects Limited
I-Red Projects 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 |
|---|---|---|---|---|
| Sudipta Kolay Also directs: Naresh Exim Pvt. Ltd., Pioneer Max Minerals Pvt.Ltd., Viewmore Complex Private Limited and 1 more | Director | 29 Jul 2008 | 18 Years 2 Months | Current |
| Bikram Kumar Saraf Also directs: Ired Carnation Developers LLP, Squarewood Development Management LLP, Fe On Boss Private Limited and 5 more | Director | 01 Nov 2014 | 11 Years 11 Months | Current |
| Dipak Kumar Koley Also directs: Ired Carnation Developers LLP, Retreat Construction & Housing Private Limited, Naresh Exim Pvt. Ltd. and 3 more | Director | 29 Jul 2008 | 18 Years 2 Months | Current |
Ownership and Shareholding of I-Red Projects Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of I-Red Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2016 | Dena Bank | ₹45.5 Lakh | Open |
| 05 Mar 2019 | State Bank of India | ₹1.25 Cr | Satisfied |
| 17 Jan 2019 | State Bank of India | ₹2.5 Cr | Satisfied |
| 22 Sep 2011 | State Bank of India | ₹1.2 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of I-Red Projects Limited
I-Red Projects Limited has 5 court cases on record: 2 filed by I-Red Projects, 3 filed against it. All cases are disposed. Status as checked between 03 Oct 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CO) | Filed by the company against an individual | Disposed |
| Calcutta High Court | Court case (CO) | Filed against the company by an individual | Disposed |
| District court, Howrah, West Bengal | Court case (1.Title Suit) | Filed against the company by an individual | Disposed |
| Supreme Court | Appeal | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at I-Red Projects Limited
I-Red Projects Limited has a workforce of 2 employees as of Apr 08, 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 I-Red Projects Limited
I-Red Projects has undergone 3 name changes throughout its history. The company was previously known as I-Red Concret & Allied Construction Private Limited, I-Red Projects Limited, and I-Red Projects Private Limited. The current legal name is I-Red Projects Limited.
| Company Name | Status |
|---|---|
| I-Red Projects Limited | Current |
| I-Red Concret & Allied Construction Private Limited | Previous |
| I-Red Projects Private Limited | Previous |
CIN History of I-Red Projects Limited
I-Red Projects has one previous CIN (Corporate Identification Number): U45400WB2008PTC127958. The current CIN is U45400WB2008PLC127958, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400WB2008PLC127958 | Current |
| U45400WB2008PTC127958 | Previous |
Recent Activity on I-Red Projects Limited
I-Red Projects Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Bikram Kumar Saraf ceased to be Additional Director on 29 Sep 2017.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for I-Red Projects 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 I-Red Projects 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 I-Red Projects 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 I-Red Projects Limited
I-Red Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCI9260J1Z7 | West Bengal | Active | 01 Jul 2017 |
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 I-Red Projects 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 I-Red Projects Limited
I-Red Projects is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 July 2008 (18+ years old) and is registered under CIN U45400WB2008PLC127958.
I-Red Projects reported revenue of ₹47.4 Lakh for FY 2024 (down 92% YoY).
I-Red Projects has 3 current directors:
- Sudipta Kolay - Director
- Bikram Kumar Saraf - Director
- Dipak Kumar Koley - Director
I-Red Projects reported a net profit of ₹2.66 Lakh (net margin 5.6%) and EBITDA of ₹10.07 Lakh (EBITDA margin 21.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of I-Red Projects is 8% over three years and 39% over five years. In the latest year (FY 2024) revenue fell 92%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of I-Red Projects is 19AABCI9260J1Z7, registered in West Bengal.
The CIN (Corporate Identification Number) of I-Red Projects is U45400WB2008PLC127958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I-Red Projects has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the high courts.
I-Red Projects was incorporated on 29 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of I-Red Projects by revenue are Golden Infraventures Private Limited, Gaia Developers Private Limited, Autumnleaf Estates Private Limited, Ravalgoan Tradelink Pvt Ltd, Kanak Heights Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Bikram Kumar Saraf ceased to be Additional Director on 29 Sep 2017. Sabita Kolay ceased to be Director on 01 Aug 2016. Bikram Kumar Saraf was appointed as Director on 01 Nov 2014. I-Red Projects has 5 board changes on record in total.