Fortune India 500 2025 edition
Rank#380- Total income
- ₹6,269 Cr
- Profit
- ₹-2,741 Cr
Last year #320
Jaiprakash Associates Limited - infrastructure and utilities in Uttar Pradesh, India. FY 2026 financials & compliance.
Under Insolvency Listed Public Limited Company infrastructure and utilities Fortune India 500 · #380
Revenue · FY 2024
₹6,781.79 Cr
▼ 9% YoY
Net loss · FY 2024
₹1,338.98 Cr
Net margin -19.7%
EBITDA · FY 2024
₹238.6 Cr
EBITDA margin 3.5%
Authorised capital
₹3,500 Cr
Registered with MCA
Paid-up capital
₹490.92 Cr
Issued & subscribed
Open charges
₹91,986 Cr
Satisfied ₹68,048 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
9,245
Provident fund records
About Jaiprakash Associates Limited
Data last updated:
Jaiprakash Associates Limited is a public limited company based in Uttar Pradesh, 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 general construction services segment of the infrastructure and utilities sector. It was incorporated on 15 November 1995.
Jaiprakash Associates is ranked #380 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN L14106UP1995PLC019017. Its GSTIN is 09AABCB1562A1Z9 (Uttar Pradesh). The company holds 56 GST registrations, of which 27 are active. It is recorded as listed by MCA, but its shares were delisted from NSE on 18 Jun 2026 · voluntary delisting and from BSE on 18 Jun 2026 · voluntary delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹3,500 Cr and a paid-up capital of ₹490.92 Cr. It was formerly known as Bela Cement Limited. It is led by directors including Manoj Gaur (Managing Director) and Pankaj Gaur (Whole-Time Director).
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 Sector 128 Noida, Uttar Pradesh, India – 201304.
As per the financials filed for FY 2024, the company reported a revenue of ₹6,781.79 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹1,338.98 Cr (net margin -19.7%) and EBITDA of ₹238.6 Cr (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company has about 9,245 employees on its provident fund (EPFO) records. Its group structure includes 16 subsidiaries and 3 joint ventures.
The company is associated with 2 brands: Jaypee Hotels and Jaypee Group. As per MCA filings, the company has open charges of ₹91,986 Cr and satisfied charges of ₹68,048 Cr on record. Court records list 1,626 cases involving the company, including 1,092 filed by the company and 535 filed against it; 426 cases are pending.
The last known website on record is jalindia.com.
Company details
CIN L14106UP1995PLC019017
Registration Number 019017
Incorporation Date 15 November 1995
ROC Kanpur
Listing Status Listed - Delisted from NSE on 18 Jun 2026 · voluntary delisting; Delisted from BSE on 18 Jun 2026 · voluntary delisting
Company Status Under CIRP
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Jaiprakash Associates has one previous CIN (Corporate Identification Number): U14106UP1995PLC019017. The current CIN is L14106UP1995PLC019017, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L14106UP1995PLC019017 | Current |
| U14106UP1995PLC019017 | Previous |
Key People
Manoj Gaur Managing Director Pankaj Gaur Whole-Time Director Naveen Kumar Singh Whole-Time Director Recognitions & Rankings of Jaiprakash Associates
Contact details
Jaiprakash Associates Limited's registered office is in Uttar Pradesh. Its website is jalindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSector 128 Noida, Uttar Pradesh, India – 201304
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Jaiprakash Associates Limited, buy the company report.
Comprehensive company report
Jaiprakash Associates Limited - one report that includes everything
- 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
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Brands
Jaiprakash Associates operates two associated brands: Jaypee Hotels and Jaypee Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Owns and operates the Jaypee group of hotels | jaypeehotels.com | |
| Diversified operations across multiple industries are managed by Jaypee Group. | jalindia.com |
Business activity
The main business activities of Jaiprakash Associates are manufacturing, construction and electricity, gas, steam and air condition supply. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products, demolition & site preparation, electrical, plumbing & other specialized construction activities and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities | |
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Jaiprakash Associates Limited, buy the company report.
Financials of Jaiprakash Associates Limited
FY 2024 filings availableJaiprakash Associates Limited reported revenue of ₹6,781.79 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹6,781.79 Cr ▼ 9%
Net loss · FY 2024
₹1,338.98 Cr margin -19.7%
EBITDA · FY 2024
₹238.6 Cr margin 3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 1%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 61%
3 years · compounded
▼ 35%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 9% fall in the latest year. EBITDA fell 61% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹238.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1,338.98 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | -19.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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To see the full financial statements and ratios of Jaiprakash Associates Limited, buy the company report.
Board of directors and KMP of Jaiprakash Associates Limited
Jaiprakash Associates Limited currently reports 9 directors and 2 key managerial personnel. 49 former directors have served the organization.
Directors and KMP (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jai Prakash Gaur Also directs: Ceekay Estates Private Limited, Jil Information Technology Limited, Mahabhadra Constructions Limited and 2 more | Director | 19 May 2018 | 8 Years 5 Months | As last reported |
| Sunil Kumar Sharma | Director | 18 Mar 2004 | 22 Years 7 Months | As last reported |
| Yajulu Vps Medury Also directs: Jil Information Technology Limited, Aic Mahindra E-Hub Foundation, Bharat Digital Education Private Limited and 1 more | Director | 10 Aug 2022 | 4 Years 2 Months | As last reported |
| Pramod Kumar Agrawal | Director | 12 Feb 2022 | 4 Years 8 Months | As last reported |
| Krishna Mohan Singh | Director | 24 Sep 2022 | 4 Years 1 Months | As last reported |
| Pankaj Gaur Also directs: Jaypee Arunachal Power Limited, Jaypee Assam Cement Limited, Sangam Power Generation Company Limited and 1 more | Whole-Time Director | 30 Jun 2004 | 22 Years 3 Months | As last reported |
Showing 6 of 11 current directors and KMP. View all directors and KMP
Shareholding
The shareholding of Jaiprakash Associates Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jaiprakash Associates Limited, buy the company report.
Charges & borrowings
Open charges
₹91,986 Cr
Satisfied charges
₹68,048 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2025 | 101102567 | Others | ₹8.41 Cr | Open | |
| 15 May 2025 | 101102532 | Others | ₹4.39 Cr | Open | |
| 15 May 2025 | 101102531 | Others | ₹1.52 Cr | Open | |
| 23 Apr 2024 | 100903395 | Others | ₹1.24 Cr | Open | |
| 23 Apr 2024 | 100903377 | Others | ₹2.25 Cr | Open |
To see the full charge records of Jaiprakash Associates Limited, buy the company report.
Total charge records: 437 View all charges
Legal cases
Jaiprakash Associates Limited has 1,626 court cases on record: 1,092 filed by Jaiprakash Associates, 535 filed against it. 426 cases are pending and 1,200 are disposed.
Total cases
1,626
Filed by the company
1,092
Filed against the company
535
Pending
426
Disposed
1,200
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1,086 | 219 | 285 |
| District courts | 245 | 163 | 55 |
| Supreme Court | 180 | 95 | 51 |
| NCLAT | 77 | 26 | 33 |
| NCLT | 38 | 32 | 2 |
Cases on record (5 of 1,626)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1303-Consumer Disputes and RERA : SLPs/Writ Petitions relating to the Real Estate (Regulation and Development) Act, 2016/disputes between builders and buyers – allotment, cancellation, fixation of price of flats/plots and return of deposits) | Filed against the company by M/S Presidency Infraheights Pvt. Ltd and 1 other | Pending |
| Supreme Court | Court case (0903-Civil Law : Partnership Act, the Sales of Goods Act, 1930, Contract Act, 1872) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Commissioner of Service Tax | Pending |
| Supreme Court | Court case (2404-Indirect Taxation : Value Added Tax (VAT), State Sales Tax Act) | Filed against the company by State of H.P. and 6 others | Disposed |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed by the company against an individual | Disposed |
To see the full case history of Jaiprakash Associates 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
Jaiprakash Associates Limited was last rated by Care on 02 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 02 Feb 2023 |
To see the full credit ratings and regulatory alerts of Jaiprakash Associates Limited, buy the company report.
MSME payment delays
Jaiprakash Associates Limited has 22 MSME Form 1 returns on record between 2019 and 2024, listing 11,119 overdue payments to 525 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 525)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| S S Salescorp Private Limited | |||
| Regard Network Solution Limited | |||
| an individual supplier | |||
| Imperial Gases Limited | |||
| TPM Guru Private Limited |
To see the full MSME payment records of Jaiprakash Associates Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Jaiprakash Associates has 16 subsidiary companies, 3 joint ventures, and 3 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
16
Subsidiary companies
3
Joint ventures
3
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Jaiprakash Agri Initiatives Company Limited | U01122UP2008PLC069980 | |
| Kanpur Fertilizers & Chemicals Limited | U24233UP2010PLC040828 | |
| Jaypee Fertilizers & Industries Limited | U24233UP2010PLC040882 | |
| Jaypee Uttar Bharat Vikas Private Limited | U24233UP2010PTC040827 | |
| Bhilai Jaypee Cement Limited | U26940CT2007PLC020250 | |
| Gujarat Jaypee Cement & Infrastructure Limited. | U26943GJ2007PLC051360 |
To see the full group structure of Jaiprakash Associates Limited, buy the company report.
Employees & EPFO
Jaiprakash Associates Limited has a workforce of 9,245 employees on its EPFO records as of Aug 29, 2024, across 2 active EPFO establishments.
Employee count
9,245
Active EPFO establishments
2
Employee growth
-9.62%
GST
Jaiprakash Associates has 56 GST registrations: 27 active and 29 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
56
Active
27
Cancelled / inactive
29
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCB1562A1Z9 | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AABCB1562A3Z7 | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AABCB1562A4Z6 | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AABCB1562A6Z4 | Uttar Pradesh | Active | 09 Sep 2017 |
To see the full GST registrations and return filing status of Jaiprakash Associates Limited, buy the company report.
Recent activity
Jaiprakash Associates Limited has 107 board changes on record since 1997: 59 appointments and 48 cessations. The latest: Vidya Basarkod ceased to be Director on 25 Mar 2025.
Charges
A charge with Others amounted to Rs. 8.41 Cr with Charge ID 101102567 was registered on 15 May 2025.
Charges
A charge with Others amounted to Rs. 4.39 Cr with Charge ID 101102532 was registered on 15 May 2025.
Charges
A charge with Others amounted to Rs. 1.52 Cr with Charge ID 101102531 was registered on 15 May 2025.
Charges
A charge with Others of Rs. 13.50 Cr registered on 05 Nov 2017 with Charge ID 100145716 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 26.55 Cr registered on 15 Sep 2017 with Charge ID 100139055 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 16 Aug 2017 with Charge ID 100154100 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 30.00 Cr registered on 15 Apr 2017 with Charge ID 100110693 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 100.00 Cr registered on 01 Mar 2011 with Charge ID 10278825 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 03 May 2010 with Charge ID 10220877 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 5.60 Cr registered on 30 Jun 2005 with Charge ID 90277951 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 24 Dec 2004 with Charge ID 90276042 was modified on 05 Apr 2025.
Charges
A charge with Others of Rs. 80.00 Cr registered on 16 Dec 2002 with Charge ID 90275657 was modified on 05 Apr 2025.
996 earlier events are in the company report.
News
Frequently asked questions
Jaiprakash Associates 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.
Jaiprakash Associates is a company under insolvency, formerly operating as a public limited company based in Uttar Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 15 November 1995 and is registered under CIN L14106UP1995PLC019017. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jaiprakash Associates has 11 current directors and KMP:
- Manoj Gaur - Managing Director
- Pankaj Gaur - Whole-Time Director
- Naveen Kumar Singh - Whole-Time Director
- Jai Prakash Gaur - Director
- Sunil Kumar Sharma - Director
- Yajulu Vps Medury - Director
- Pramod Kumar Agrawal - Director
- Krishna Mohan Singh - Director
- Narinder Kumar Grover - Director
- Sudhir Rana - Cfo
- Som Nath Grover - Company Secretary
The latest financial statements of Jaiprakash Associates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jaiprakash Associates is L14106UP1995PLC019017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jaiprakash Associates is recorded as a listed company by MCA, but its shares were delisted from NSE on 18 Jun 2026 · voluntary delisting and from BSE on 18 Jun 2026 · voluntary delisting, and no longer trade on a stock exchange.
Jaiprakash Associates has open charges of ₹91,986 Cr and satisfied charges of ₹68,048 Cr as per latest MCA filings.
Jaiprakash Associates has 1,626 court cases on record: 1,092 filed by the company and 535 filed against it. 426 are pending. Most are in the high courts.
Jaiprakash Associates was incorporated on 15 November 1995. It is registered with the Registrar of Companies, Kanpur.
Vidya Basarkod ceased to be Director on 25 Mar 2025. Rama Raman ceased to be Director on 12 Mar 2025. Som Nath Grover was appointed as Company Secretary on 22 Feb 2024. Jaiprakash Associates has 107 board changes on record in total.
Jaiprakash Associates has 22 MSME Form 1 returns on record between 2019 and 2024, listing 11,119 overdue payments to 525 micro and small suppliers. The latest return was filed on 01 May 2024.