About JSW Projects Limited
Data last updated:
JSW Projects Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 21 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32909MH2006PLC163924. Its GSTIN is 27AABCJ8131F2ZP (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹550 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Nagendra Kumar Paladugu (Managing Director) and Rakhi Jain.
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 Jsw Centre Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,264.72 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹350.39 Cr (net margin -10.7%) and EBITDA of ₹68.32 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 39% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹7,262.44 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending. The company has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹488.3 Cr; the latest was in March 2021. Its 5 peer companies in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Jamnagar Utilities & Power Private Limited with revenue of ₹6,567.97 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 52 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 jsw.in.
Company details
CIN history
JSW Projects has one previous CIN (Corporate Identification Number): U74999MH2006PLC163924. The current CIN is U32909MH2006PLC163924, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32909MH2006PLC163924 | Current |
| U74999MH2006PLC163924 | Previous |
Contact details
JSW Projects Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressJsw Centre Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryEnergy and Power, Thermal Power Generation & Plants
- 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 JSW Projects Limited
FY 2024 filings availableJSW Projects Limited reported revenue of ₹3,264.72 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 7% growth in the latest year. EBITDA fell 79% 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 |
|---|---|---|---|---|---|
| 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 | ₹68.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹350.39 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | -10.7% | ||||
| 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 JSW Projects Limited, buy the company report.
Board of directors and KMP of JSW Projects Limited
JSW Projects Limited currently reports 4 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakhi Jain | Director | 26 Mar 2015 | 11 Years 7 Months | Current |
| Nagendra Kumar Paladugu | Managing Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Vineet Agrawal | Director | 12 Jul 2012 | 14 Years 3 Months | Current |
| Bhushan Prasad | Cfo | 24 Sep 2014 | 12 Years 1 Months | Current |
| Badri Narain Singh Also directs: JTPM Metal Traders Limited, JSW Techno Projects Management Limited | Director | 01 Sep 2022 | 4 Years 2 Months | Current |
Peer comparison
JSW Projects Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jamnagar Utilities & Power Private Limited | ₹6,567.97 Cr (FY 2025) | -3.0% | Jamnagar, Gujarat, India | |||
| Pragati Power Corporation Limited | ₹3,983.02 Cr (FY 2022) | 28.0% | New Delhi, Delhi, India | |||
| Resonia Limited | ₹3,463.21 Cr (FY 2025) | 749.0% | Haryana, India | |||
| JSW Projects Limitedthis company | ₹3,264.72 Cr (FY 2025) | -₹350.39 Cr | -10.7% | 7.0% | Mumbai, Maharashtra, India | |
| Greenko Energies Private Limited | ₹2,925.73 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| BM Munjal Energies Private Limited | ₹1,673 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India |
To see the full peer comparison of JSW Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2021 | 100432329 | Yes Bank Limited | ₹30 Cr | Open | |
| 23 Dec 2021 | 100525010 | Others | ₹500 Cr | Satisfied | |
| 01 Feb 2021 | 100418885 | Others | ₹125 Cr | Satisfied | |
| 26 Oct 2020 | 100390457 | Others | ₹725 Cr | Satisfied | |
| 20 Aug 2018 | 100202538 | Others | ₹75 Cr | Satisfied |
To see the full charge records of JSW Projects Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
JSW Projects Limited has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹488.3 Cr; the latest was in March 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Unity Advisory Services Private Limited , Unity Advisory Services Private Limited & JSW Investments Private Limited, Unity Advisory Services Private Limited & JSW Logistics Infrastructure Private Limited Seller: JSW Investments Private Limited , JSW Logistics Infrastructure Private Limited , JSW Techno Projects Management Limited |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: JSW Techno Projects Management Limited Seller: JSW Logistics Infrastructure Private Limited |
| Jan 2014 | Funding round | ₹77.4 Cr | Investors: JSW Logistics Infrastructure Private Limited , JSW Techno Projects Management Limited , JSW Investments Private Limited |
| Jan 2013 | Funding round | ₹110.9 Cr | Investors: JSW Investments Private Limited |
| Jan 2012 | Acquisition | ₹150.95 Cr | Buyer: JSW Investments Private Limited |
To see the full deal history of JSW Projects 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
JSW Projects Limited has 4 court cases on record: 3 filed by JSW Projects, 1 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against JSW Steel Limited and 1 other | Pending |
| High Court | Writ petition | Filed by the company against State of Karnataka and 1 other | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Karnataka State Pollution Control Board | Disposed |
| District court, BALLARI, Karnataka | Criminal complaint | Filed against the company by State of Karnataka at the Instance Mr.Ms.Mahadev, Asst.Dirctor of Factories | Disposed |
To see the full case history of JSW 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
JSW Projects Limited was last rated by Care on 07 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Oct 2021 |
To see the full credit ratings and regulatory alerts of JSW Projects Limited, buy the company report.
MSME payment delays
JSW Projects Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 52 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 52)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hitesh Mechanicals Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| S.K.Engineers and Contractors | |||
| Kaveri Ultra Polymers Private Limited |
To see the full MSME payment records of JSW Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
JSW Projects has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCJ8131F2ZP | Maharashtra | Active | 10 Jul 2017 |
| 27AABCJ8131F3ZO | Maharashtra | Active | 18 Nov 2017 |
To see the full GST registrations and return filing status of JSW Projects Limited, buy the company report.
Recent activity
JSW Projects Limited has 20 board changes on record since 2009: 5 appointments and 15 cessations. The latest: Badri Narain Singh ceased to be Additional Director on 29 Sep 2022.
39 earlier events are in the company report.
News
Frequently asked questions
JSW Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 21 August 2006 (20+ years old) and is registered under CIN U32909MH2006PLC163924.
JSW Projects has 5 current directors and KMP:
- Nagendra Kumar Paladugu - Managing Director
- Rakhi Jain - Director
- Vineet Agrawal - Director
- Badri Narain Singh - Director
- Bhushan Prasad - Cfo
The latest financial statements of JSW Projects 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 GSTIN of JSW Projects is 27AABCJ8131F2ZP, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCJ8131F3ZO (Maharashtra).
The CIN (Corporate Identification Number) of JSW Projects is U32909MH2006PLC163924. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
JSW Projects has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
JSW Projects was incorporated on 21 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
JSW Projects has 11 deals on record (6 secondary share transfers, 2 acquisitions, 2 funding rounds), with disclosed funding of ₹488.3 Cr; the latest was in March 2021.
The peers of JSW Projects by revenue are Jamnagar Utilities & Power Private Limited, Pragati Power Corporation Limited, Resonia Limited, Greenko Energies Private Limited, BM Munjal Energies Private Limited, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Badri Narain Singh ceased to be Additional Director on 29 Sep 2022. Ashok Kumar Jain ceased to be Director on 01 Sep 2022. Badri Narain Singh was appointed as Director on 01 Sep 2022. JSW Projects has 20 board changes on record in total.
JSW Projects has 12 MSME Form 1 returns on record between 2019 and 2024, listing 102 overdue payments to 52 micro and small suppliers. The latest return was filed on 29 Apr 2024.
JSW Projects can be reached through the website jsw.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
