MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0129247
Karmala Road Project Private Limited - infrastructure and utilities in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹44.29 Cr
▼ 16% YoY
Net profit · FY 2026
₹2.87 Cr
Net margin 6.5%
EBITDA · FY 2026
₹39.84 Cr
EBITDA margin 89.9%
Authorised capital
₹7.05 Cr
Registered with MCA
Paid-up capital
₹7.03 Cr
Issued & subscribed
Open charges
₹324 Cr
Satisfied ₹280.88 Cr
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Karmala Road Project Private Limited
Data last updated:
Karmala Road Project Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Anish Infracon India Private Limited. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 17 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45400GJ2021PTC122088. Its GSTIN is 27AAICK7461Q1ZO (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.05 Cr and a paid-up capital of ₹7.03 Cr. It is led by directors including Reezwan Iliyas Vijapura and Samrathdan Zula.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No. 126/1 401 Dwarkesh Business Opp. Visamo Soc B/H.Atishay Belleview, Ahmedabad, Gujarat, India – 380005.
As per the financials filed for FY 2026, the company reported a revenue of ₹44.29 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹2.87 Cr (net margin 6.5%) and EBITDA of ₹39.84 Cr (EBITDA margin 89.9%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years.
The company is associated with 1 brand: Anish Infracon India. As per MCA filings, the company has open charges of ₹324 Cr and satisfied charges of ₹280.88 Cr on record. The company has 2 deals on record (1 rights issue, 1 debt financing), with disclosed funding of ₹35.11 Cr; the latest was in December 2022.
Karmala Road Project Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0129247). For more details, the company can be reached via its website anishinfra.co.in.
Company details
CIN U45400GJ2021PTC122088
Registration Number 122088
Incorporation Date 17 April 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Anish Infracon India Private Limited
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0129247
Key People
Reezwan Iliyas Vijapura Director Samrathdan Zula Nominee Director Jahidmohmed Husenbhai Vijapura Nominee Director Recognitions & Rankings of Karmala Road Project
Contact details
Karmala Road Project Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 126/1 401 Dwarkesh Business Opp. Visamo Soc B/H.Atishay Belleview, Ahmedabad, Gujarat, India – 380005
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Karmala Road Project Private Limited, buy the company report.
Comprehensive company report
Karmala Road Project Private 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
Karmala Road Project operates one associated brand: Anish Infracon India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides civil engineering services for roads, bridges, flyovers, irrigation, and mining projects. | anishinfra.co.in |
Business activity
The main business activity of Karmala Road Project is construction. In detail, this covers civil engineering.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 42 | Civil engineering |
To see the full business activity and turnover split of Karmala Road Project Private Limited, buy the company report.
Financials of Karmala Road Project Private Limited
FY 2026 filings availableKarmala Road Project Private Limited reported revenue of ₹44.29 Cr (down 16% YoY) for FY 2026.
Revenue · FY 2026
₹44.29 Cr ▼ 16%
Net profit · FY 2026
₹2.87 Cr margin 6.5%
EBITDA · FY 2026
₹39.84 Cr margin 89.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 43%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 51%
Revenue has declined at a compounded annual rate (CAGR) of 43% over three years, including a 16% fall in the latest year. EBITDA rose 44% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹44.29 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹39.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.87 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.9% | ||||
| Net Profit Margin | 6.5% | ||||
| 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 Karmala Road Project Private Limited, buy the company report.
Board of directors of Karmala Road Project Private Limited
Karmala Road Project has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reezwan Iliyas Vijapura Also directs: Sandalpur Project Private Limited, Anish Infracon India Private Limited, Aiipl Mu Five Project Private Limited and 4 more | Director | 19 Apr 2021 | 5 Years 6 Months | Current |
| Samrathdan Zula Also directs: GHV Infra Projects Limited, Sandalpur Project Private Limited, Anish Infracon India Private Limited and 3 more | Nominee Director | 17 Apr 2021 | 5 Years 6 Months | Current |
| Jahidmohmed Husenbhai Vijapura | Nominee Director | 17 Apr 2021 | 5 Years 6 Months | Current |
Auditor
Karmala Road Project Private Limited is audited by Manubhai & Shah Llp for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manubhai & Shah Llp | FY 2026 | 106041W/W100136 |
Shareholding
The shareholding of Karmala Road Project Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karmala Road Project Private Limited, buy the company report.
Charges & borrowings
Open charges
₹324 Cr
Satisfied charges
₹280.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2025 | 101164942 | Idbi Trusteeship Services Limited | ₹324 Cr | Open | |
| 07 Feb 2022 | 100535722 | Idbi Trusteeship Services Limited | ₹280.88 Cr | Satisfied |
To see the full charge records of Karmala Road Project Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Karmala Road Project Private Limited has 2 deals on record (1 rights issue, 1 debt financing), with disclosed funding of ₹35.11 Cr; the latest was in December 2022.
Total deals
2
Rights issue
1
Debt financing
1
Disclosed funding
₹35.11 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Debt financing | ₹35.11 Cr | Investors: Anish Infracon India Private Limited , GHV (India) Private Limited |
| Feb 2022 | Rights issue | ₹35.06 Cr | Investors: Anish Infracon India Private Limited , GHV (India) Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Karmala Road Project Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karmala Road Project Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karmala Road Project Private Limited has 1 active EPFO establishment as of Nov 12, 2026.
Active EPFO establishments
1
GST
Karmala Road Project has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICK7461Q1ZO | Maharashtra | Active | 25 Sep 2021 |
To see the full GST registrations and return filing status of Karmala Road Project Private Limited, buy the company report.
Recent activity
Karmala Road Project Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Reezwan Iliyas Vijapura was appointed as Director on 19 Apr 2021.
Filing
Karmala Road Project Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Karmala Road Project Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 07 Feb 2022 via Charge ID 100535722 with Idbi Trusteeship Services Limited was fully satisfied on 30 Jul 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 324.00 Cr with Charge ID 101164942 was registered on 28 Jun 2025.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 280.88 Cr registered on 07 Feb 2022 with Charge ID 100535722 was modified on 30 Sep 2022.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 280.88 Cr with Charge ID 100535722 was registered on 07 Feb 2022.
Appointed
Reezwan Iliyas Vijapura was appointed as Director.
Appointed
Jahidmohmed Husenbhai Vijapura was appointed as Nominee Director.
Appointed
Samrathdan Zula was appointed as Nominee Director.
Incorporation
17 Apr 2021
Karmala Road Project Private Limited was registered on 17 Apr 2021 with Roc Ahmedabad & aged 5 years 7 months as per MCA records.
Frequently asked questions
Karmala Road Project is an active private limited company based in Ahmedabad, Gujarat, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 17 April 2021 (5+ years old) and is registered under CIN U45400GJ2021PTC122088.
Karmala Road Project has 3 current directors:
- Reezwan Iliyas Vijapura - Director
- Samrathdan Zula - Nominee Director
- Jahidmohmed Husenbhai Vijapura - Nominee Director
The latest financial statements of Karmala Road Project on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Karmala Road Project is 27AAICK7461Q1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Karmala Road Project is U45400GJ2021PTC122088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karmala Road Project was incorporated on 17 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Karmala Road Project has 2 deals on record (1 rights issue, 1 debt financing), with disclosed funding of ₹35.11 Cr; the latest was in December 2022.
Reezwan Iliyas Vijapura was appointed as Director on 19 Apr 2021. Jahidmohmed Husenbhai Vijapura was appointed as Nominee Director on 17 Apr 2021. Samrathdan Zula was appointed as Nominee Director on 17 Apr 2021.
Yes, Karmala Road Project is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0129247).
Karmala Road Project can be reached through the website anishinfra.co.in. Its registered office is in Ahmedabad, Gujarat, India.
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