About Ketan Construction Limited
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Ketan Construction Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ1999PLC036877. Its GSTIN is 08AABCK5548H1ZE (Rajasthan). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹85.74 Cr. It is led by directors including Rajitsinh Barad (Whole-Time Director) and Manishkumar Shivkumar Sharma.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2022, the company reported a revenue of ₹108.99 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹3.31 Cr (net margin 3%) and EBITDA of ₹6.7 Cr (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 25% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹630.78 Cr and satisfied charges of ₹1,374.53 Cr on record. Court records list 225 cases involving the company, including 56 filed by the company and 169 filed against it; 29 cases are pending. The company has 9 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹210.97 Cr; the latest was in March 2024. Its 4 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 1 smaller; the largest is SRS Express Private Limited with revenue of ₹109.88 Cr. The company has 20 MSME Form 1 returns on record between 2018 and 2024, listing 43 overdue payments to 5 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 kclindia.com.
Company details
Contact details
Ketan Construction Limited's registered office is in Rajkot, Gujarat. Its website is kclindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAmarjyot Plot No. 12/B Vidyakunj Society, Street No. 2 Amin Marg, Rajkot, Gujarat, India – 360001
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Ketan 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
Business activity
The main business activities of Ketan Construction are construction and mining and quarrying. In detail, this covers roads, railways, utility projects and other mining & quarrying activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of Ketan Construction Limited, buy the company report.
Financials of Ketan Construction Limited
FY 2023 filings availableKetan Construction Limited reported revenue of ₹108.99 Cr (down 43% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 43% fall in the latest year. EBITDA rose 54% 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 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 | ₹108.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.31 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Ketan Construction Limited, buy the company report.
Board of directors and KMP of Ketan Construction Limited
Ketan Construction Limited currently reports 5 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priyakjitsinh Harishsinh Barad Also directs: Ketan Infrastructure Private Limited | Cfo | 07 Jul 2025 | 1 Years 3 Months | Current |
| Manishkumar Shivkumar Sharma Also directs: Millennium Cera Tiles Private Limited, Acer Granito Private Limited, Clan Vitrified Private Limited and 5 more | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Monika Nikhil Bajoriya | Additional Director | 04 Dec 2024 | 1 Years 10 Months | Current |
| Charudutt Sarjerao Patil | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Shubham Sanjiv Botadra | Director | 08 Jan 2019 | 7 Years 9 Months | Current |
| Rajitsinh Barad | Whole-Time Director | 14 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Ketan Construction Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| SRS Express Private Limited | ₹109.88 Cr (FY 2025) | 3.0% | Agra, Uttar Pradesh, India | |||
| Chinta Engicon Private Limited | ₹109.57 Cr (FY 2025) | 998.0% | Hyderabad, Telangana, India | |||
| Archon Powerinfra India Private Limited | ₹109.34 Cr (FY 2024) | 35.0% | Ahmedabad, Gujarat, India | |||
| Ketan Construction Limitedthis company | ₹108.99 Cr (FY 2022) | ₹3.31 Cr | 3% | -43.0% | 23 | Rajkot, Gujarat, India |
| SLT Infracon Private Limited | ₹108.08 Cr (FY 2025) | 25.0% | Hailakandi, Assam, India |
To see the full peer comparison of Ketan Construction Limited, buy the company report.
Auditor
Ketan Construction Limited is audited by V B L & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V B L & ASSOCIATES | FY 2022 | 148158W |
Shareholding
The shareholding of Ketan 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 Ketan Construction Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jan 2017 | 100075622 | Others | ₹6.21 Lakh | Open | |
| 07 Nov 2016 | 100067817 | Others | ₹5.72 Cr | Open | |
| 09 Mar 2015 | 10554857 | Idbi Trusteeship Services Limited | ₹625 Cr | Open | |
| 24 Jun 2019 | 100270796 | Others | ₹23 Cr | Satisfied | |
| 15 Nov 2017 | 100141143 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Ketan Construction Limited, buy the company report.
Total charge records: 64 View all charges
Deals & funding
Ketan Construction Limited has 9 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹210.97 Cr; the latest was in March 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Funding round | ₹74.97 Cr | Investors: 4 individuals |
| Aug 2018 | Rights issue | ₹5 Cr | Investors: 4 individuals |
| Mar 2016 | Rights issue | ₹8 Cr | Investors: 4 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2015 | Funding round | ₹4 Cr | Investors: 4 individuals |
To see the full deal history of Ketan Construction 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
Ketan Construction Limited has 225 court cases on record: 56 filed by Ketan Construction, 169 filed against it. 29 cases are pending and 196 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 155 | 141 | 11 |
| High courts | 57 | 21 | 17 |
| Supreme Court | 9 | 4 | 0 |
| NCLT | 3 | 2 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 225)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed by the company against Emve Mines and Minerals LLP and 4 others | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Ofb Tech Pvt.Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Gujarat Mineral Development Corporation Limited | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Tiki Tar Industries ( Baroda ) Ltd. Through Its Authorised Person Nishith Mehta | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Shreenathji Tradecorp Pvt Ltd | Disposed |
To see the full case history of Ketan 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
Ketan Construction Limited has 20 MSME Form 1 returns on record between 2018 and 2024, listing 43 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Power Tech | |||
| Power Tech | |||
| Blackstone Rubber Industries Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ketan Construction Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ketan Construction Limited has a workforce of 23 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Ketan Construction has 9 GST registrations: 4 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCK5548H1ZE | Rajasthan | Active | 01 Jul 2017 |
| 23AABCK5548H1ZM | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AABCK5548H1ZE | Maharashtra | Active | 01 Jul 2017 |
| 36AABCK5548H1ZF | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ketan Construction Limited, buy the company report.
Recent activity
Ketan Construction Limited has 25 board changes on record since 2008: 6 appointments and 19 cessations. The latest: Abhishek Baban Thite ceased to be Director on 31 Jul 2025.
149 earlier events are in the company report.
Frequently asked questions
Ketan Construction is an active public limited company based in Rajkot, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 November 1999 (27+ years old) and is registered under CIN U45200GJ1999PLC036877.
Ketan Construction has 6 current directors and KMP:
- Rajitsinh Barad - Whole-Time Director
- Manishkumar Shivkumar Sharma - Director
- Monika Nikhil Bajoriya - Additional Director
- Charudutt Sarjerao Patil - Director
- Shubham Sanjiv Botadra - Director
- Priyakjitsinh Harishsinh Barad - Cfo
The latest financial statements of Ketan Construction on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ketan Construction is 08AABCK5548H1ZE, registered in Rajasthan. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 23AABCK5548H1ZM (Madhya Pradesh), 27AABCK5548H1ZE (Maharashtra), 36AABCK5548H1ZF (Telangana).
The CIN (Corporate Identification Number) of Ketan Construction is U45200GJ1999PLC036877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ketan Construction has 225 court cases on record: 56 filed by the company and 169 filed against it. 29 are pending. Most are in the district courts.
Ketan Construction was incorporated on 11 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ketan Construction has 9 deals on record (4 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹210.97 Cr; the latest was in March 2024.
The peers of Ketan Construction by revenue are SRS Express Private Limited, Chinta Engicon Private Limited, Archon Powerinfra India Private Limited, SLT Infracon Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Abhishek Baban Thite ceased to be Director on 31 Jul 2025. Maheshkumar Mukhanath Yadav ceased to be Director on 31 Jul 2025. Dharmitsinh Pareshbhai Barad ceased to be Manager on 14 Jul 2025. Ketan Construction has 25 board changes on record in total.
Ketan Construction has 20 MSME Form 1 returns on record between 2018 and 2024, listing 43 overdue payments to 5 micro and small suppliers. The latest return was filed on 04 Jul 2024.
Ketan Construction can be reached through the website kclindia.com. Its registered office is in Rajkot, Gujarat, India.