About Madhav Infra Projects Limited
Data last updated: 14 July 2026
Madhav Infra Projects Limited is a public limited company based in Vadodara, Gujarat, India. It specialises in general construction services, a part of the broader infrastructure and utilities sector. Incorporated on 07 October 1992, the company has been in operation for over 34 years.
Registered with ROC Ahmedabad under CIN L45200GJ1992PLC018392. Listed on BSE: 539894.
Capital: an authorised share capital of ₹91.15 Cr and a paid-up capital of ₹64.86 Cr. Formerly known as Myraj Consultancy Private Limited and Myraj Consultancy Limited. It is led by directors including Ashok Khurana Madhavdas and Amit Khurana.
Last AGM: 26 September 2025. Financial statements filed for year ended 31 March 2025. Office: Madhav House Plot No. 04 Nr. Panchratna Building Subhanpura, Vadodara, Gujarat, India – 390023.
As per the financials filed for FY 2025, the company reported a revenue of ₹616.18 Cr, a growth of 32% compared to the previous year.
The company has a workforce of approximately 113 employees as per the latest available data. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹1,182.51 Cr and satisfied charges of ₹792.62 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madhavcorp.com.
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Registered AddressMadhav House Plot No. 04 Nr. Panchratna Building Subhanpura, Vadodara, Gujarat, India – 390023
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IndustryInfrastructure and Utilities, General Construction Services, Power Infrastructure & Energy Projects
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Madhav Infra Projects Limited
Madhav Infra Projects Limited has undergone 4 name changes throughout its history. The current legal name is Madhav Infra Projects Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Madhav Infra Projects Limited | Current |
| Myraj Consultancy Private Limited | Previous |
| Myraj Consultancy Limited | Previous |
| Myraj Consultancy Pvt Ltd | Previous |
| Myraj Consultancy Ltd | Previous |
CIN History of Madhav Infra Projects Limited
Madhav Infra Projects Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ1992PLC018392, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ1992PLC018392 | Current |
| U45200GJ1992PLC018392 | Previous |
| U74140GJ1992PLC018392 | Previous |
Business Activity of Madhav Infra Projects Limited
Madhav Infra Projects Limited is engaged in the principal business activity of construction, with detailed activities including roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details for Madhav Infra Projects Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Madhav Infra Projects Limited
Madhav Infra Projects Limited is audited by BIPIN & CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BIPIN & CO | Locked | Locked | Locked |
Complete auditor history for Madhav Infra Projects Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Madhav Infra Projects Limited
Madhav Infra Projects Limited is currently managed by 6 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Ashok Khurana Madhavdas
Also directs:
Madhav Infra Projects Limited, Mansha Textiles Pvt Ltd, Sainergy Industrial Products Private Limited and 5 more
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Director | 14 Feb 2019 | 7 Years 6 Months | Current |
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Amit Khurana
Also directs:
Madhav Infra Projects Limited, Mansha Textiles Pvt Ltd, Waa Solar (Kalibawadi) Private Limited and 5 more
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Managing Director | 14 Feb 2019 | 7 Years 6 Months | Current |
| Nikhil Kaushik | Director | 03 Feb 2025 | 1 Years 6 Months | Current |
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Hiral Vinodbhai Patel
Also directs:
Madhav Infra Projects Limited, Hemo Organic Limited, Sakar Healthcare Limited and 3 more
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Director | 05 Aug 2024 | 2 Years 0 Months | Current |
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Shankar Prasad Bhagat
Also directs:
Madhav Infra Projects Limited, Waa Solar Limited
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Director | 05 Aug 2024 | 2 Years 0 Months | Current |
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Neelakshi Amit Khurana
Also directs:
Madhav Infra Projects Limited, Mansha Textiles Pvt Ltd, Waa Solar (Talanpur) Private Limited and 5 more
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Director | 29 Jan 2024 | 2 Years 6 Months | Current |
Financials of Madhav Infra Projects Limited FY 2025 filings available
Madhav Infra Projects Limited reported revenue of ₹616.18 Cr (up 32.00% YoY) for FY 2025.
Ten-year financial statements for Madhav Infra Projects Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Madhav Infra Projects Limited
Shareholding and ownership data for Madhav Infra Projects Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Group Structure of Madhav Infra Projects Limited
Madhav Infra Projects Limited has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Madhav Infra Projects Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Seabird Exploration Private Limited | U11100GJ2022PTC131918 | Locked |
| Badi Baktara Toll Private Limited | U45309GJ2016PTC092403 | Locked |
| Madhav (Aaron Sindh Road) Private Limited | U45309GJ2020PTC113680 | Locked |
| Mi Solar (India) Private Limited | U93000GJ2016PTC086089 | Locked |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Madhav Infra Projects Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jun 2026 | Hdfc Bank Limited | ₹39.14 Lakh | Open |
| 15 May 2026 | Idbi Trusteeship Services Limited | ₹155.43 Cr | Open |
| 24 Apr 2026 | Axis Bank Limited | ₹36.18 Lakh | Open |
| 17 Jan 2026 | Hdfc Bank Limited | ₹13.86 Lakh | Open |
| 22 Dec 2025 | Axis Bank Limited | ₹58.17 Lakh | Open |
Total charge records: 249 View all charges
Employees and EPFO Compliance at Madhav Infra Projects Limited
Madhav Infra Projects Limited has a workforce of 113 employees as of Mar 29, 2024.
Employee and EPFO history for Madhav Infra Projects Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Madhav Infra Projects Limited
GST registrations and filing compliance for Madhav Infra Projects Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Madhav Infra Projects Limited
Credit ratings, litigation, and regulatory alerts for Madhav Infra Projects Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Madhav Infra Projects Limited
MSME payment history for Madhav Infra Projects Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Madhav Infra Projects Limited
Corporate group structure for Madhav Infra Projects Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Madhav Infra Projects Limited
MCA filings and documents for Madhav Infra Projects Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Madhav Infra Projects Limited
Recent News on Madhav Infra Projects Limited
Frequently Asked Questions about Madhav Infra Projects Limited
Madhav Infra Projects Limited is an active public limited company in the infrastructure and utilities sector based in Vadodara, Gujarat, India. It was incorporated on 07 October 1992 (34+ years old) and is registered under CIN L45200GJ1992PLC018392. Listed on BSE: 539894. The company has 113 employees.
Madhav Infra Projects Limited reported revenue of ₹616.18 Cr for FY 2025 (up 32.00% YoY).
The current directors of Madhav Infra Projects Limited are:
- Ashok Khurana Madhavdas - Director
- Amit Khurana - Managing Director
- Nikhil Kaushik - Director
- Hiral Vinodbhai Patel - Director
- Shankar Prasad Bhagat - Director
- Neelakshi Amit Khurana - Director
The primary industry of Madhav Infra Projects Limited is infrastructure and utilities. The company specifically operates in general construction services. The company is currently active in this sector.
Yes. Madhav Infra Projects Limited is listed on BSE with code 539894.
Madhav Infra Projects Limited can be reached at the registered office: Madhav House Plot No. 04 Nr. Panchratna Building Subhanpura, Vadodara, Gujarat, India – 390023, or through the website madhavcorp.com.