Madhav Infra Projects Limited - Company Profile

Q: Who are the current directors of Madhav Infra Projects Limited?

The current directors of Madhav Infra Projects Limited are Nikhil Kaushik, Rajendrasinh Kishorsinh Rana, Kinjal Khandelwal, Kamal Ashwinbhai Lalani, Hiral Vinodbhai Patel, Neelakshi Amit Khurana, Ashok Khurana Madhavdas, Amit Khurana Ashok, Shankar Prasad Bhagat, Khushbu Prakash Prajapati.

It is a infrastructure and utilities public limited company based in Vadodara, Gujarat, India, established in 1992.

1992 Vadodara, Gujarat, India Active

Last Updated: January 06, 2026

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About Madhav Infra Projects Limited

Madhav Infra Projects Limited, a active public limited company, was established on 07 October 1992 in Vadodara, Gujarat, India. Engaging in general construction services within the construction sector, it holds CIN: L45200GJ1992PLC018392. Registered under ROC Roc Ahmedabad. it is listed on BSE: 539894. It has an authorized capital of ₹91.15 Cr and a paid-up capital of ₹64.86 Cr.

Formerly known as Myraj Consultancy Private Limited, Myraj Consultancy Limited. It upholds a compliant status. In 2023, it reported revenue of ₹350.66 Cr and a net worth of ₹165.34 Cr. Employing 113 professional, Its leadership includes Nikhil Kaushik (Director), Rajendrasinh Kishorsinh Rana (Cfo), Kamal Ashwinbhai Lalani (Director). Past directors included Gopal Hareshbhai Shah, Nikhil Kaushik, Mayur Rajendrabhai Parikh. It holds ₹923.51 Cr open charges and ₹792.62 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Madhav House, Plot No. 04, Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat, 390023.

Company Details

CIN/LLPIN
L45200GJ1992PLC018392
Registration Number
018392
Incorporation Date
07 October 1992
Authorized Capital
₹91.15 Cr
Paid-Up Capital
₹64.86 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 539894)
Company Status
Active

Key Metrics

Authorised Capital ₹ 91.15 Cr as on 06-01-2026
Paid Up Capital ₹ 64.86 Cr as on 06-01-2026
Company Age 33 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 923.51 Cr as on 06-01-2026
Satisfied Charges ₹ 792.62 Cr as on 06-01-2026
Revenue Growth **** -9.89% (FY 2023)
Profit Growth **** 332.78% (FY 2023)
Ebitda **** -7.23% (FY 2023)
Net Worth 21.32% (FY 2023)
Total Assets **** 0.36% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Madhav Infra Projects Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Madhav Infra Projects Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nikhil Kaushik	Director	03 Feb 2025	Current
Rajendrasinh Kishorsinh Rana	Cfo	13 Aug 2022	Current
Kamal Ashwinbhai Lalani	Director	05 Aug 2024	Current
Hiral Vinodbhai Patel	Director	05 Aug 2024	Current
Neelakshi Amit Khurana	Director	29 Jan 2024	Current
Ashok Khurana Madhavdas	Director	14 Feb 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	06 Jan 2023	Past
Pramod Abcsdd	Additional Director	14 May 2025	Past
Pramod Abcsdd	Director	05 Jan 2015	Past
Pramod Abcsdd	Director	20 Apr 2018	Past
Pramod Abcsdd	Director	06 Mar 2013	Past
Pramod Abcsdd	Director	01 Jul 2024	Past

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Financial Performance of Madhav Infra Projects.

Madhav Infra Projects Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.89% decrease. The company also saw a substantial improvement in profitability, with a 332.78% increase in profit. The company's net worth Soared by an impressive increase of 21.32%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-9.89%

*******

Revenue from Operations

*******

-16.74%

*******

Total Assets

*******

0.36%

*******

Profit or Loss

*******

332.78%

*******

Net Worth

*******

21.32%

*******

EBITDA

*******

-7.23%

*******

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What is the Ownership and Shareholding Structure of Madhav Infra Projects?

In 2023, Madhav Infra Projects had a promoter holding of 69.00% and a public holding of 31.01%. The company had 4 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹9,235,107,517.00

Satisfied Charges

₹7,926,219,462.00

Charges Breakdown by Lending Institutions

Idbi Trusteeship Services Limited : 414.84 Cr
Sbicap Trustee Company Limited : 322.02 Cr
State Bank Of India : 80.08 Cr
Axis Bank Limited : 49.46 Cr
Others : 34.33 Cr
Others : 22.79 Cr

Latest Charge Details

Date	Lender	Amount	Status
22 Dec 2025	Axis Bank Limited	₹5.82 M	Open
07 Nov 2025	Axis Bank Limited	₹1.63 M	Open
31 Oct 2025	Axis Bank Limited	₹2.23 Cr	Open
30 Oct 2025	Axis Bank Limited	₹1.89 Cr	Open
01 Oct 2025	Others	₹8.08 M	Open

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How Many Employees Work at Madhav Infra Projects?

Madhav Infra Projects has a workforce of 113 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Madhav Infra Projects, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Madhav Infra Projects's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Madhav Infra Projects

Recent Activity within the Organization

Charges

Progress on A charge with Axis Bank Limited amounted to Rs. 0.58 Cr with Charge ID 101208049 was registered on 22 Dec 2025. was documented.
22 Dec 2025
Charges

The activity A charge with Axis Bank Limited amounted to Rs. 0.16 Cr with Charge ID 101182107 was registered on 07 Nov 2025. was completed.
07 Nov 2025
Charges

Progress on A charge with Axis Bank Limited amounted to Rs. 2.23 Cr with Charge ID 101181622 was registered on 31 Oct 2025. was documented.
31 Oct 2025
Charges

Progress on A charge with Axis Bank Limited amounted to Rs. 1.89 Cr with Charge ID 101181674 was registered on 30 Oct 2025. was documented.
30 Oct 2025
Charges

Progress on A charge with Others amounted to Rs. 0.81 Cr with Charge ID 101173525 was registered on 01 Oct 2025. was documented.
01 Oct 2025
Charges

Progress on A charge with Others amounted to Rs. 0.49 Cr with Charge ID 101173527 was registered on 01 Oct 2025. was documented.
01 Oct 2025

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