About Konark Projects Limited
Data last updated:
Konark Projects Limited is a public limited company based in Ulhasnagar, Maharashtra, India. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 04 December 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH1998PLC117349. Its GSTIN is 27AABCK1927C1ZX (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Konark Projects Private Limited. It is led by directors including Mahesh Satyanarayan Khairari (Managing Director) and Manisha Akash Agarwal.
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 Regency House Plot No 49 Sheet No 1 Opp Vishnu Darshan Aman Talkies Road, Ulhasnagar, Maharashtra, India – 421003.
As per the financials filed for FY 2025, the company reported a revenue of ₹698.12 Cr, a decline of 86% compared to the previous year. For the same year it recorded a net profit of ₹213.53 Cr (net margin 30.6%) and EBITDA of ₹305.63 Cr (EBITDA margin 43.8%).
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹242.32 Cr and satisfied charges of ₹80.35 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 5 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.69 Cr; the latest was in March 2019. The company has 5 MSME Form 1 returns on record between 2021 and 2024, listing 9 overdue payments to 3 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 konarkindia.com.
Company details
CIN history
Konark Projects has one previous CIN (Corporate Identification Number): U74992MH1998PLC117349. The current CIN is U67100MH1998PLC117349, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100MH1998PLC117349 | Current |
| U74992MH1998PLC117349 | Previous |
Contact details
Konark Projects Limited's registered office is in Ulhasnagar, Maharashtra. Its website is konarkindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressRegency House Plot No 49 Sheet No 1 Opp Vishnu Darshan Aman Talkies Road, Ulhasnagar, Maharashtra, India – 421003
- IndustryFinancial Services, Financial Holding Companies, Housing Finance Companies
To see the full contact details of Konark Projects 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 activity of Konark Projects is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities and financial service activities, except insurance and pension funding. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | |
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of Konark Projects Limited, buy the company report.
Financials of Konark Projects Limited
FY 2024 filings availableKonark Projects Limited reported revenue of ₹698.12 Cr (down 86% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 86% in the latest year. EBITDA fell 45% in the latest 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 |
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| Total Expenses | |||||
| EBITDA | ₹305.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹213.53 Cr | ||||
| Balance Sheet | |||||
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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 | 43.8% | ||||
| Net Profit Margin | 30.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Konark Projects Limited, buy the company report.
Board of directors of Konark Projects Limited
Konark Projects has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manisha Akash Agarwal | Director | 15 Jun 2017 | 9 Years 4 Months | Current |
| Ramkishore Satyanarayan Khairari Also directs: Regency Reality Developers LLP, Regency Buildcon LLP, Skylar Agro Construction LLP and 5 more | Director | 10 Apr 1999 | 27 Years 7 Months | Current |
| Subhash Satyanarayan Khairari | Director | 10 Apr 1999 | 27 Years 7 Months | Current |
| Mahesh Satyanarayan Khairari | Managing Director | 04 Dec 1998 | 27 Years 11 Months | Current |
| Pradeep Premchand Bijlani Also directs: Regency Nirman Limited | Director | 02 Apr 2025 | 1 Years 7 Months | Current |
| Vijay Laxmandas Kavrani Also directs: Regency Nirman Limited | Director | 02 Apr 2025 | 1 Years 7 Months | Current |
Auditor
Konark Projects Limited is audited by VINOD DHANKANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD DHANKANI & CO | FY 2023 | 114140W |
Shareholding
The shareholding of Konark Projects 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Konark Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2024 | 100981823 | Axis Bank Limited | ₹125 Cr | Open | |
| 25 Feb 2019 | 100243790 | Hdfc Bank Limited | ₹2.27 Cr | Open | |
| 25 Feb 2019 | 100247013 | Hdfc Bank Limited | ₹22.7 Cr | Open | |
| 05 Oct 2018 | 100212397 | Others | ₹45.35 Cr | Open | |
| 11 May 2018 | 100183020 | Hdfc Bank Limited | ₹4 Cr | Open |
To see the full charge records of Konark Projects Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Konark Projects Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.69 Cr; the latest was in March 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Mahesh Khairari Huf, an individual Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Satyanaryan D. Khairari Huf, 2 individuals |
| Mar 2011 | Funding round | ₹99.4 Lakh | Investors: an individual |
| Jan 2007 | Funding round | ₹2.7 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Konark Projects Limited has 9 court cases on record: 5 filed by Konark Projects, 4 filed against it. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 5 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Strident Solutions Pvt Ltd and 3 others | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (M.C.A.) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Verve Globle Servicespvt Ltd and 3 others | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Konark 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
Konark Projects Limited was last rated by Crisil on 30 Oct 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Oct 2019 |
To see the full credit ratings and regulatory alerts of Konark Projects Limited, buy the company report.
MSME payment delays
Konark Projects Limited has 5 MSME Form 1 returns on record between 2021 and 2024, listing 9 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manikaran Anakytics Limited | |||
| an individual supplier | |||
| TPV Sales Limited |
To see the full MSME payment records of Konark Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Konark Projects has 1 subsidiary company and 2 associated 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 |
|---|---|---|
| Regency Nirman Limited | U45200MH2005PLC153966 |
To see the full group structure of Konark Projects Limited, buy the company report.
GST
Konark Projects has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCK1927C1ZX | Maharashtra | Active | 01 Jul 2017 |
| 27AABCK6745L1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 29AABCK1927C1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Konark Projects Limited, buy the company report.
Recent activity
Konark Projects Limited has 10 board changes on record since 1998: 8 appointments and 2 cessations. The latest: Pradeep Premchand Bijlani was appointed as Director on 02 Apr 2025.
34 earlier events are in the company report.
Frequently asked questions
Konark Projects is an active public limited company based in Ulhasnagar, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 04 December 1998 (28+ years old) and is registered under CIN U67100MH1998PLC117349.
Konark Projects has 6 current directors:
- Mahesh Satyanarayan Khairari - Managing Director
- Manisha Akash Agarwal - Director
- Ramkishore Satyanarayan Khairari - Director
- Subhash Satyanarayan Khairari - Director
- Pradeep Premchand Bijlani - Director
- Vijay Laxmandas Kavrani - Director
The latest financial statements of Konark 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 Konark Projects is 27AABCK1927C1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AABCK6745L1Z4 (Maharashtra), 29AABCK1927C1ZT (Karnataka).
The CIN (Corporate Identification Number) of Konark Projects is U67100MH1998PLC117349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Konark Projects has 9 court cases on record: 5 filed by the company and 4 filed against it. 5 are pending. Most are in the district courts.
Konark Projects was incorporated on 04 December 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Konark Projects has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.69 Cr; the latest was in March 2019.
Pradeep Premchand Bijlani was appointed as Director on 02 Apr 2025. Vijay Laxmandas Kavrani was appointed as Director on 02 Apr 2025. Manoj Ramawtar Lalpuria ceased to be Director on 29 Mar 2025. Konark Projects has 10 board changes on record in total.
Konark Projects has 5 MSME Form 1 returns on record between 2021 and 2024, listing 9 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Konark Projects can be reached through the website konarkindia.com. Its registered office is in Ulhasnagar, Maharashtra, India.
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