About Kalthia Engineering and Construction Limited
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Kalthia Engineering and Construction Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 16 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1996PLC028846. Its GSTIN is 24AAACK8944N1Z2 (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹12.55 Cr and a paid-up capital of ₹11.7 Cr. It is led by directors including Kalpeshbhai Ratilal Kalthia (Managing Director) and Hiteshbhai Ratilal Kalthia (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,377.47 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹152.65 Cr (net margin 11.1%) and EBITDA of ₹500.58 Cr (EBITDA margin 36.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.
The company has about 17 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries.
The company is associated with 1 brand: Kalthia Power. As per MCA filings, the company has open charges of ₹8,079.63 Cr and satisfied charges of ₹2,140.12 Cr on record. Court records list 50 cases involving the company, including 13 filed by the company and 37 filed against it; 13 cases are pending. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.17 Cr; the latest was in December 2025. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 2 smaller; the largest is J M Mhatre Infra Private Limited with revenue of ₹1,500.77 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kalthiagroup.com.
Company details
CIN history
Kalthia Engineering and Construction has one previous CIN (Corporate Identification Number): U29199GJ1995PLC028846. The current CIN is U29199GJ1996PLC028846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199GJ1996PLC028846 | Current |
| U29199GJ1995PLC028846 | Previous |
Contact details
Kalthia Engineering and Construction Limited's registered office is in Ahmedabad, Gujarat. Its website is kalthiagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9 – 193 Kalthia House Satyagrah Chhavni Nr.Wiseman House Opp.Iscon Megha Mall S, G Highway, Ahmedabad, Gujarat, India – 380015
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Kalthia Engineering and Construction 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
Brands
Kalthia Engineering and Construction operates one associated brand: Kalthia Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in manufacturing solar products and equipment for sustainable energy solutions. | kalthiagroup.com |
Business activity
The main business activity of Kalthia Engineering and Construction is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Kalthia Engineering and Construction Limited, buy the company report.
Financials of Kalthia Engineering and Construction Limited
FY 2025 filings availableKalthia Engineering and Construction Limited reported revenue of ₹1,377.47 Cr (up 43% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 43% growth in the latest year. EBITDA rose 51% 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 | ₹1,377.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹500.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹152.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.3% | ||||
| Net Profit Margin | 11.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Kalthia Engineering and Construction Limited, buy the company report.
Board of directors of Kalthia Engineering and Construction Limited
Kalthia Engineering and Construction has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Ravjibhai Vekriya Also directs: Kenergy Petrochem India Private Limited, Kalthia Bhuj Bhachau Highway Private Limited, Kalthia Infra Private Limited and 5 more | Whole-Time Director | 17 Aug 2006 | 20 Years 2 Months | Current |
| Kalpeshbhai Ratilal Kalthia Also directs: Kosol Energie Private Limited, Koaxialtrackers Private Limited, Surabhi Milkfood and Beverages Limited and 5 more | Managing Director | 11 Nov 1996 | 29 Years 11 Months | Current |
| Parag Vijaykumar Vyas Also directs: Kosol Neptune Private Limited, Kosol Green Hydrogen Maharashtra Private Limited, Kosol Energie Private Limited and 2 more | Director | 01 Jul 2003 | 23 Years 3 Months | Current |
| Hiteshbhai Ratilal Kalthia Also directs: Kosol Energie Private Limited, Surabhi Milkfood and Beverages Limited, Signour Laminates (India) Private Limited and 5 more | Managing Director | 16 Feb 1996 | 30 Years 8 Months | Current |
Peer comparison
Kalthia Engineering and Construction Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| J M Mhatre Infra Private Limited | ₹1,500.77 Cr (FY 2024) | -10.0% | Panvel, Maharashtra, India | |||
| Max Infra (I) Private Limited | ₹1,489.44 Cr (FY 2024) | 8.0% | Hyderabad, Telangana, India | |||
| D P Jain and Co Infrastructure Private Limited | ₹1,467.24 Cr (FY 2025) | -8.0% | Nagpur, Maharashtra, India | |||
| Mantena Infrasol Private Limited | ₹1,460.08 Cr (FY 2025) | 55.0% | Hyderabad, Telangana, India | |||
| Raghava Constructions (India) Private Limited | ₹1,413.61 Cr (FY 2024) | 17.0% | Hyderabad, Telangana, India | |||
| Kalthia Engineering and Construction Limitedthis company | ₹1,377.47 Cr (FY 2025) | ₹152.65 Cr | 11.1% | 43.0% | 17 | Ahmedabad, Gujarat, India |
| Bekem Infra Projects Private Limited | ₹1,352.63 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Kalthia Engineering and Construction Limited, buy the company report.
Auditor
Kalthia Engineering and Construction Limited is audited by Pankaj R Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj R Shah & Associates | FY 2023 | 107361W |
Shareholding
The shareholding of Kalthia Engineering and Construction 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 Kalthia Engineering and Construction Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2026 | 101368448 | Others | ₹245.73 Cr | Open | |
| 10 Jul 2026 | 101349505 | Bank of India | ₹9.18 Lakh | Open | |
| 25 May 2026 | 101306747 | Bank of India | ₹60 Lakh | Open | |
| 25 Apr 2026 | 101309013 | Axis Bank Limited | ₹1.71 Cr | Open | |
| 20 Apr 2026 | 101278166 | Hdfc Bank Limited | ₹10.23 Lakh | Open |
To see the full charge records of Kalthia Engineering and Construction Limited, buy the company report.
Total charge records: 204 View all charges
Deals & funding
Kalthia Engineering and Construction Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.17 Cr; the latest was in December 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Rights issue | ₹170 Cr | Investors: Kinfraproj ECT Private Limited |
| Feb 2018 | Rights issue | ₹18.47 Cr | Investors: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Kalthia Investment Private Limited , an individual |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: R L Kalthia Shipbreaking Private Limited, 3 individuals |
| Mar 2008 | Funding round | ₹10.17 Cr | Investors: R.L.Kalthia Engineering & Automobiles Limited, 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kalthia Engineering and Construction Limited has 50 court cases on record: 13 filed by Kalthia Engineering and Construction, 37 filed against it. 13 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 24 | 13 |
| District courts | 15 | 13 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Anish Infracon India Pvt. Ltd. and 3 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Iffco Tokio General Insurance Co. Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Novel Infrastructure Limited Thro Chairman Or Managing Director and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Urban Development Co.Ltd. and 2 others | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Chief Engineer, National Highways Division, Public Works Department, Government of Maharashtra | Pending |
To see the full case history of Kalthia Engineering and Construction 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kalthia Engineering and Construction Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kalthia Engineering and Construction has 10 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Surabhi Milkfood and Beverages Limited | U15209GJ1994PLC023569 | |
| Kosol Energie Private Limited | U40100GJ2005PTC046983 | |
| Kalthia Infra Private Limited | U45200GJ2011PTC065417 | |
| Kalthia Infra-Con Private Limited | U45202GJ2011PTC065489 | |
| Kalthia Ashti Pachod Private Limited | U45209GJ2018PTC102412 | |
| Agroh Kodinar Veraval Highways Private Limited | U45309GJ2016PTC098201 |
To see the full group structure of Kalthia Engineering and Construction Limited, buy the company report.
Employees & EPFO
Kalthia Engineering and Construction Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Kalthia Engineering and Construction has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK8944N1Z2 | Gujarat | Active | 01 Jul 2017 |
| 08AAACK8944N1ZW | Rajasthan | Active | 01 Jul 2017 |
| 23AAACK8944N1Z4 | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAACK8944N1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kalthia Engineering and Construction Limited, buy the company report.
Recent activity
Kalthia Engineering and Construction Limited has 11 board changes on record since 1996: 4 appointments and 7 cessations. The latest: Alpaben Bharatbhai Vekariya ceased to be Additional Director on 30 Sep 2016.
298 earlier events are in the company report.
Frequently asked questions
Kalthia Engineering and Construction is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 16 February 1996 (30+ years old) and is registered under CIN U29199GJ1996PLC028846.
Kalthia Engineering and Construction has 4 current directors:
- Kalpeshbhai Ratilal Kalthia - Managing Director
- Hiteshbhai Ratilal Kalthia - Managing Director
- Manoj Ravjibhai Vekriya - Whole-Time Director
- Parag Vijaykumar Vyas - Director
The latest financial statements of Kalthia Engineering and Construction on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kalthia Engineering and Construction is 24AAACK8944N1Z2, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAACK8944N1ZW (Rajasthan), 23AAACK8944N1Z4 (Madhya Pradesh), 27AAACK8944N1ZW (Maharashtra).
The CIN (Corporate Identification Number) of Kalthia Engineering and Construction is U29199GJ1996PLC028846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kalthia Engineering and Construction has 50 court cases on record: 13 filed by the company and 37 filed against it. 13 are pending. Most are in the high courts.
Kalthia Engineering and Construction was incorporated on 16 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kalthia Engineering and Construction has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹10.17 Cr; the latest was in December 2025.
The peers of Kalthia Engineering and Construction by revenue are J M Mhatre Infra Private Limited, Max Infra (I) Private Limited, D P Jain and Co Infrastructure Private Limited, Mantena Infrasol Private Limited, Raghava Constructions (India) Private Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Alpaben Bharatbhai Vekariya ceased to be Additional Director on 30 Sep 2016. Hitesh Popatbhai Kalathiya ceased to be CFO on 02 Mar 2016. Parag Vijaykumar Vyas ceased to be Whole-Time Director on 30 Mar 2015. Kalthia Engineering and Construction has 11 board changes on record in total.
Kalthia Engineering and Construction can be reached through the website kalthiagroup.com. Its registered office is in Ahmedabad, Gujarat, India.