India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #974 Shekhar Govindbhai Patel ₹2,900 Cr
- #994 Dipakkumar Govindbhai Patel ₹2,800 Cr
Madhukamal Infrastructure Private Limited
Madhukamal Infrastructure Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Active Private Limited Company real estate and construction
Revenue · FY 2025
₹30.63 Cr
▲ 19% YoY
Net profit · FY 2025
₹13.86 Cr
Net margin 45.2%
EBITDA · FY 2025
₹22.44 Cr
EBITDA margin 73.3%
Authorised capital
₹235.01 Cr
Registered with MCA
Paid-up capital
₹232.26 Cr
Issued & subscribed
Satisfied charges
₹1,111 Cr
No open charges
Company age
11 yrs
Est. 2015
Directors on board
5
As per MCA filings
About Madhukamal Infrastructure Private Limited
Data last updated:
Madhukamal Infrastructure Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ganesh Housing Corporation Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 March 2015 and has been in existence for over 11 years.
Its director Shekhar Govindbhai Patel is #974 among India's richest people (2026). Its director Dipakkumar Govindbhai Patel is #994 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45200GJ2015PTC082484. Its GSTIN is 24AADCE8886C1ZJ (Gujarat).
The company has an authorised share capital of ₹235.01 Cr and a paid-up capital of ₹232.26 Cr. It was formerly known as Maple Tree Buildcon Private Limited and Madhughosh Buildcon Private Limited. It is led by directors including Anmol Dipakkumar Patel (Managing Director) and Tarang Madhukar Desai.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.63 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹13.86 Cr (net margin 45.2%) and EBITDA of ₹22.44 Cr (EBITDA margin 73.3%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 35% over five years.
The company is associated with 1 brand: Ganesh Housing. As per MCA filings, the company has satisfied charges of ₹1,111 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending. The company has 6 deals on record (3 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹482.25 Cr; the latest was in November 2022. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Mahalaxmi Buildwell (India) Private Limited with revenue of ₹30.72 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45200GJ2015PTC082484
Registration Number 082484
Incorporation Date 04 March 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 06 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ganesh Housing Corporation Limited
Compliance Status Active Compliant
Name history
Madhukamal Infrastructure has undergone 3 name changes throughout its history. The company was previously known as Maple Tree Buildcon Private Limited, Madhughosh Buildcon Private Limited, and Essem Infra Private Limited. The current legal name is Madhukamal Infrastructure Private Limited.
| Company Name | Status |
|---|---|
| Madhukamal Infrastructure Private Limited | Current |
| Maple Tree Buildcon Private Limited | Previous |
| Madhughosh Buildcon Private Limited | Previous |
| Essem Infra Private Limited | Previous |
Key People
Anmol Dipakkumar Patel Managing Director Tarang Madhukar Desai Director Shekhar Govindbhai Patel Director Recognitions & Rankings of Madhukamal Infrastructure
Contact details
Madhukamal Infrastructure Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGanesh Corporate House 100 Ft.Hebatpura – Thaltej Road Nr. Sola Bridge Off S.G Highway, Thaltej, Ahmedabad, Gujarat, India – 380054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Madhukamal Infrastructure Private Limited, buy the company report.
Comprehensive company report
Madhukamal Infrastructure 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
Madhukamal Infrastructure operates one associated brand: Ganesh Housing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate properties are developed by Ganesh Housing in India. | ganeshhousing.com |
Business activity
The main business activity of Madhukamal Infrastructure is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Madhukamal Infrastructure Private Limited, buy the company report.
Financials of Madhukamal Infrastructure Private Limited
FY 2025 filings availableMadhukamal Infrastructure Private Limited reported revenue of ₹30.63 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹30.63 Cr ▲ 19%
Net profit · FY 2025
₹13.86 Cr margin 45.2%
EBITDA · FY 2025
₹22.44 Cr margin 73.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▼ 51%
5 years · compounded
▼ 35%
EBITDA CAGR growth
1 year
▲ 192%
3 years · compounded
▼ 41%
5 years · compounded
▲ 22%
Revenue rose 19% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 35%. EBITDA rose 192% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.86 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 73.3% | ||||
| Net Profit Margin | 45.2% | ||||
| 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 Madhukamal Infrastructure Private Limited, buy the company report.
Board of directors of Madhukamal Infrastructure Private Limited
Madhukamal Infrastructure has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tarang Madhukar Desai Also directs: Sadbhav Infrastructure Project Limited, Sadbhav Engineering Limited, Sadbhav Bangalore Highway Private Limited and 4 more | Director | 01 Aug 2024 | 2 Years 3 Months | Current |
| Shekhar Govindbhai Patel | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Palak Manan Pancholi Also directs: Ganesh Housing Limited, Gatil Properties Private Limited | Director | 04 Mar 2024 | 2 Years 8 Months | Current |
| Dipakkumar Govindbhai Patel | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Anmol Dipakkumar Patel Also directs: Meadowline Properties LLP, Ganesh Housing Limited, Ganesh Infrastructure Limited and 5 more | Managing Director | 01 Dec 2022 | 3 Years 11 Months | Current |
Peer comparison
Madhukamal Infrastructure Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahalaxmi Buildwell (India) Private Limited | ₹30.72 Cr (FY 2024) | 66.0% | Dehradun, Uttarakhand, India | |||
| Sharada Erectors Private Limited | ₹30.69 Cr (FY 2023) | -48.0% | Pune, Maharashtra, India | |||
| Madhukamal Infrastructure Private Limitedthis company | ₹30.63 Cr (FY 2025) | ₹13.86 Cr | 45.2% | 19.0% | Ahmedabad, Gujarat, India | |
| Shah Group Builders & Infraprojects Limited | ₹30.62 Cr (FY 2017) | 23.0% | Navi Mumbai, Maharashtra, India | |||
| SRR Grand Buildtech Private Limited | ₹30.59 Cr (FY 2024) | 40.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Madhukamal Infrastructure Private Limited, buy the company report.
Auditor
Madhukamal Infrastructure Private Limited is audited by J.M.Parikh & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.M.Parikh & Associates | FY 2023 | 118007W |
Shareholding
The shareholding of Madhukamal Infrastructure Private 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 Madhukamal Infrastructure Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1,111 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2021 | 100416462 | Idbi Trusteeship Services Limited | ₹177.1 Cr | Satisfied | |
| 08 Jan 2021 | 100423434 | Idbi Trusteeship Services Limited | ₹69.4 Cr | Satisfied | |
| 08 Jan 2021 | 100424012 | Idbi Trusteeship Services Limited | ₹69.4 Cr | Satisfied | |
| 08 Jan 2021 | 100450194 | Idbi Trusteeship Services Limited | ₹177.1 Cr | Satisfied | |
| 28 Jun 2018 | 100191193 | Idbi Trusteeship Services Limited | ₹100 Cr | Satisfied |
To see the full charge records of Madhukamal Infrastructure Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Madhukamal Infrastructure Private Limited has 6 deals on record (3 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹482.25 Cr; the latest was in November 2022.
Total deals
6
Secondary share transfers
3
Debt financings
2
Funding round
1
Disclosed funding
₹482.25 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Ganesh Housing Corporation Limited And Shekhar G. Patel, Ganesh Housing Limited Seller: 2 individuals |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Ganesh Housing Limited Seller: an individual |
| May 2015 | Debt financing | ₹25 Cr | Investors: Pepl Developers Private Limited |
| Apr 2015 | Secondary share transfer | Undisclosed | Buyer: Ganesh Housing Limited Seller: 4 individuals |
| Mar 2015 | Debt financing | ₹225 Cr | Investors: Pepl Developers Private Limited |
To see the full deal history of Madhukamal Infrastructure Private 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
Madhukamal Infrastructure Private Limited has 6 court cases on record: 1 filed by Madhukamal Infrastructure, 5 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
1
Filed against the company
5
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| Supreme Court | Court case (2703-Religious & Charitable Endowments : Others) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (PWAPP LC) | Filed against the company by individuals | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
To see the full case history of Madhukamal Infrastructure Private 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
No delayed payments to MSME suppliers are on our record for Madhukamal Infrastructure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madhukamal Infrastructure has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCE8886C1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madhukamal Infrastructure Private Limited, buy the company report.
Recent activity
Madhukamal Infrastructure Private Limited has 13 board changes on record since 2015: 5 appointments and 8 cessations. The latest: Palak Manan Pancholi ceased to be Additional Director on 06 Sep 2024.
AGM
Madhukamal Infrastructure Private Limited last Annual general meeting of members was held on 06 Sep 2025 as per latest MCA records.
Filing
Madhukamal Infrastructure Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Palak Manan Pancholi ceased to be Additional Director.
Ceased
Tarang Madhukar Desai ceased to be Additional Director.
Ceased
Ashish Harishkumar Modi ceased to be Director.
Appointed
Tarang Madhukar Desai was appointed as Director.
Appointed
Palak Manan Pancholi was appointed as Director.
Appointed
Anmol Dipakkumar Patel was appointed as Managing Director.
Charges
A charge registered on 08 Jan 2021 via Charge ID 100416462 with Idbi Trusteeship Services Limited was fully satisfied on 24 Aug 2022.
Charges
A charge registered on 08 Jan 2021 via Charge ID 100423434 with Idbi Trusteeship Services Limited was fully satisfied on 24 Aug 2022.
Charges
A charge registered on 08 Jan 2021 via Charge ID 100424012 with Idbi Trusteeship Services Limited was fully satisfied on 24 Aug 2022.
Charges
A charge registered on 08 Jan 2021 via Charge ID 100450194 with Idbi Trusteeship Services Limited was fully satisfied on 24 Aug 2022.
26 earlier events are in the company report.
Frequently asked questions
Madhukamal Infrastructure is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 March 2015 (11+ years old) and is registered under CIN U45200GJ2015PTC082484.
Madhukamal Infrastructure has 5 current directors:
- Anmol Dipakkumar Patel - Managing Director
- Tarang Madhukar Desai - Director
- Shekhar Govindbhai Patel - Director
- Palak Manan Pancholi - Director
- Dipakkumar Govindbhai Patel - Director
The latest financial statements of Madhukamal Infrastructure on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Madhukamal Infrastructure is 24AADCE8886C1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Madhukamal Infrastructure is U45200GJ2015PTC082484. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madhukamal Infrastructure has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Madhukamal Infrastructure was incorporated on 04 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Madhukamal Infrastructure has 6 deals on record (3 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹482.25 Cr; the latest was in November 2022.
The peers of Madhukamal Infrastructure by revenue are Mahalaxmi Buildwell (India) Private Limited, Sharada Erectors Private Limited, Shah Group Builders & Infraprojects Limited, SRR Grand Buildtech Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Palak Manan Pancholi ceased to be Additional Director on 06 Sep 2024. Tarang Madhukar Desai ceased to be Additional Director on 06 Sep 2024. Ashish Harishkumar Modi ceased to be Director on 01 Aug 2024. Madhukamal Infrastructure has 13 board changes on record in total.
The registered office of Madhukamal Infrastructure is at Ganesh Corporate House 100 Ft.Hebatpura – Thaltej Road Nr. Sola Bridge Off S.G Highway, Thaltej, Ahmedabad, Gujarat, India – 380054.
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