About JMC Projects (India) Limited
Data last updated:
JMC Projects (India) Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Kalpataru Power Transmission Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 05 June 1986.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45200GJ1986PLC008717. The company has 22 GST registrations on record, none of which is active. Its shares are listed on BSE: 522263 and NSE: JMCPROJECT.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹33.58 Cr. It was formerly known as Civen Constructions Private Limited and Joshi and Modi Construction Private Limited. It was led by directors including Shailendra Kumar Tripathi (Managing Director) and Anjali Karamnarayan Seth.
Its last annual general meeting (AGM) was held on 03 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at A – 104 Shapath – 4 Oppl Karnavati Club S.G. Road, Ahmedabad, Gujarat, India – 380051.
As per the financials filed for FY 2022, the company reported a revenue of ₹5,565.02 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹18.19 Cr (net margin 0.3%) and EBITDA of ₹437.16 Cr (EBITDA margin 7.9%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 17% over five years.
The company had about 7,964 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 4 subsidiaries.
The company was associated with 1 brand: JMC Projects. As per MCA filings, the company had satisfied charges of ₹7,847.99 Cr on record. Court records list 323 cases involving the company, including 190 filed by the company and 111 filed against it; 39 cases are pending. The company has 50 deals on record (42 market trades, 4 acquisitions, 2 debt financings), with disclosed funding of ₹274 Cr; the latest was in December 2022. Its 10 peer companies in the Infrastructure industry (Construction Services) are compared by revenue, 5 larger and 5 smaller; the largest is Apco Infratech Private Limited with revenue of ₹7,838.64 Cr. The company has 66 MSME Form 1 returns on record between 2014 and 2022, listing 13,401 overdue payments to 1,170 micro and small suppliers.
The last known website on record is jmcprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 104 Shapath – 4 Oppl Karnavati Club S.G. Road, Ahmedabad, Gujarat, India – 380051
- IndustryInfrastructure and Utilities, General Construction Services
- 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 JMC Projects (India) Limited
The main business activity of JMC Projects (India) is construction. In detail, this covers buildings, roads, railways, utility projects and demolition & site preparation, electrical, plumbing & other specialized construction activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | 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 JMC Projects (India) Limited FY 2022 filings available
JMC Projects (India) Limited reported revenue of ₹5,565.02 Cr (up 44% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of JMC Projects (India) Limited
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 44% growth in the latest year. EBITDA fell 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 of JMC Projects (India) Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | ₹437.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18.19 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 of JMC Projects (India) Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 JMC Projects (India) 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 JMC Projects (India) Limited
JMC Projects (India) Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apco Infratech Private Limited | ₹7,838.64 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Lucknow, Uttar Pradesh, India |
| Dineshchandra R. Agrawal Infracon Private Limited | ₹7,838.31 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Jaiprakash Associates Limited Listed | ₹6,781.79 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Uttar Pradesh, India |
| Hindustan Construction Company Limited Listed | ₹5,726.57 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| J. Kumar Infraprojects Limited Listed | ₹5,726.49 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Mumbai, Maharashtra, India |
| JMC Projects (India) Limited this company | ₹5,565.02 Cr (FY 2022) | •••• | •••• | 44.0% | •••• | Ahmedabad, Gujarat, India |
| Patel Engineering Limited Listed | ₹5,259.62 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Montecarlo Limited | ₹5,127.73 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ahmedabad, Gujarat, India |
| Eagle Infra India Limited | ₹4,428.85 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Ulhasnagar, Maharashtra, India |
| Uttar Pradesh Rajkiya Nirman Nigam Limited | ₹4,015.66 Cr (FY 2019) | •••• | •••• | 3.0% | •••• | Uttar Pradesh, India |
| Welspun Enterprises Limited Listed | ₹3,792.59 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Anjar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below JMC Projects (India) by revenue in the Infrastructure industry (Construction Services), 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 JMC Projects (India) Limited
JMC Projects (India) Limited is audited by B S R & Co. LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | 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 and KMP of JMC Projects (India) Limited
JMC Projects (India) Limited currently reports 8 directors and 2 key managerial personnel. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjali Karamnarayan Seth | Director | 01 Aug 2014 | 12 Years 2 Months | As last reported |
| Vikram Singhvi | Cfo | 03 Aug 2022 | 4 Years 2 Months | As last reported |
| Shailendra Kumar Tripathi Also directs: Kalpataru Projects International Limited | Managing Director | 22 Oct 2011 | 14 Years 11 Months | As last reported |
| Hemant Ishwarlal Modi Also directs: Aelius Projects LLP, M & B Engineering Limited, JMC Mining and Quarries Limited and 1 more | Director | 05 Jun 1986 | 40 Years 4 Months | As last reported |
| Kamal Kishore Jain | Director | 05 Feb 2005 | 21 Years 8 Months | As last reported |
| Devendra Raj Mehta Also directs: Poly Medicure Limited, Agriglow Farmer Producer Company Limited, Atul Rajasthan Date Palms Limited and 3 more | Director | 11 Dec 2008 | 17 Years 10 Months | As last reported |
Ownership and Shareholding of JMC Projects (India) 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 JMC Projects (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Aug 2021 | Others | ₹250 Cr | Satisfied |
| 28 Jul 2021 | Others | ₹175 Cr | Satisfied |
| 30 Sep 2020 | Others | ₹3.8 Cr | Satisfied |
| 31 Jul 2020 | State Bank of India | ₹8.37 Cr | Satisfied |
| 06 Jun 2020 | Others | ₹13.15 Cr | Satisfied |
Total charge records: 136 View all charges
Deals & Funding of JMC Projects (India) Limited
JMC Projects (India) Limited has 50 deals on record (42 market trades, 4 acquisitions, 2 debt financings), with disclosed funding of ₹274 Cr; the latest was in December 2022.
Deals on record (5 of 50)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Acquisition | Undisclosed | Buyer: Kalpataru Projects International Limited |
| Feb 2022 | Acquisition | Undisclosed | Buyer: Kalpataru Projects International Limited |
| May 2020 | Market trade | ₹5.45 Cr | Buyer: Quest Investment Advisors Private Limited |
| May 2020 | Market trade | ₹3.56 Cr | Buyer: Quest Investment Advisors Private Limited |
| Dec 2014 | Market trade | ₹4.75 Cr | Buyer: Crest Capital & Investment Seller: Priyanka Finance Private Limited |
Full deal history
All 50 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.
Legal Cases of JMC Projects (India) Limited
JMC Projects (India) Limited has 323 court cases on record: 190 filed by JMC Projects (India), 111 filed against it, 22 where it is another party. 39 cases are pending and 284 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 176 | 40 | 22 |
| District courts | 139 | 66 | 16 |
| Supreme Court | 6 | 5 | 0 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 323)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Appeal | Filed against the company by Roofmatrix Technologies Private Limited | Pending |
| High Court of Madhya Pradesh | Court case (AA) | Filed by the company against Madhya Pradesh Road Development Corporation Limited | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Rail Vikas Nigam Limited | Pending |
| District court, Bhopal, Madhya Pradesh | Court case (EX AB) | Filed by the company against Madhya Pradesh Road Development Corporation Limited | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Ssa Projects Private Limited | Pending |
Full case history
All 323 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.
MSME Payment Delays by JMC Projects (India) Limited
JMC Projects (India) Limited has 66 MSME Form 1 returns on record between 2014 and 2022, listing 13,401 overdue payments to 1,170 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 1,170)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| PTT Industrial Solutions | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Pankaj Steels | •••• | •••• | •••• |
| Aero Survey Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 66 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with JMC Projects (India) Limited
JMC Projects (India) operates one associated brand: JMC Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Civil and structural engineering services are provided for major industries. | jmcprojects.com |
Employees and EPFO Compliance at JMC Projects (India) Limited
JMC Projects (India) Limited has a workforce of 7,964 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.
Group Structure of JMC Projects (India) Limited
JMC Projects (India) has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Jmc Mining And Quarries Limited | U45201GJ1996PLC028732 | Locked |
| Wainganga Expressway Private Limited | U45203MH2011PTC264642 | Locked |
| Vindhyachal Expressway Private Limited | U45203MH2012PTC271978 | Locked |
| Brij Bhoomi Expressway Private Limited | U74900MH2010PTC261958 | Locked |
Showing major subsidiaries. Total: 4.
Name History of JMC Projects (India) Limited
JMC Projects (India) has undergone 4 name changes throughout its history. The current legal name is Jmc Projects (India) Limited.
| Company Name | Status |
|---|---|
| JMC Projects (India) Limited | Current |
| Civen Constructions Private Limited | Previous |
| Joshi And Modi Construction Private Limited | Previous |
| Civen Construction Private Limited | Previous |
| Jmc Projects (India) Private Limited | Previous |
CIN History of JMC Projects (India) Limited
JMC Projects (India) has one previous CIN (Corporate Identification Number): U45200GJ1986PLC008717. The current CIN is L45200GJ1986PLC008717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ1986PLC008717 | Current |
| U45200GJ1986PLC008717 | Previous |
News related to JMC Projects (India) Limited
Recent Activity on JMC Projects (India) Limited
JMC Projects (India) Limited has 34 board changes on record since 1986: 22 appointments and 12 cessations. The latest: Vikram Singhvi was appointed as CFO on 03 Aug 2022.
306 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for JMC Projects (India) 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.
Subsidiaries & Group Companies of JMC Projects (India) 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 JMC Projects (India) Limited
JMC Projects (India) has 22 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 JMC Projects (India) 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 JMC Projects (India) Limited
JMC Projects (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
JMC Projects (India) was a public limited company based in Ahmedabad, Gujarat, India. The company worked in general construction services, within the infrastructure and utilities industry. It was incorporated on 05 June 1986 and is registered under CIN L45200GJ1986PLC008717. Listed on BSE: 522263 and NSE: JMCPROJECT. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
JMC Projects (India) was incorporated on 05 June 1986. It is registered with the Registrar of Companies, Ahmedabad.
JMC Projects (India) had 10 directors and KMP:
- Shailendra Kumar Tripathi - Managing Director
- Anjali Karamnarayan Seth - Director
- Hemant Ishwarlal Modi - Director
- Kamal Kishore Jain - Director
- Devendra Raj Mehta - Director
- Manish Dashrathmal Mohnot - Director
- Shailendra Raj Mehta - Director
- Amit Uplenchwar - Director
- Vikram Singhvi - Cfo
- Samir Vinodray Raval - Company Secretary
The CIN (Corporate Identification Number) of JMC Projects (India) is L45200GJ1986PLC008717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. JMC Projects (India) is listed on both BSE (code: 522263) and NSE (symbol: JMCPROJECT).
The registered office of JMC Projects (India) is at A – 104 Shapath – 4 Oppl Karnavati Club S.G. Road, Ahmedabad, Gujarat, India – 380051.
JMC Projects (India) can be reached through the website jmcprojects.com. Its registered office is in Ahmedabad, Gujarat, India.
JMC Projects (India) reported revenue of ₹5,565.02 Cr for FY 2022 (up 44% YoY).
JMC Projects (India) has an authorised share capital of ₹50 Cr and a paid-up capital of ₹33.58 Cr.
JMC Projects (India) reported a net profit of ₹18.19 Cr (net margin 0.3%) and EBITDA of ₹437.16 Cr (EBITDA margin 7.9%) for FY 2022, as per its filed financial statements.
No. JMC Projects (India) has 22 GST registrations on record and all of them are cancelled or inactive.