
About Merlin Infra Projects Private Limited
Data last updated:
Merlin Infra Projects Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 September 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1981PTC034060. Its GSTIN is 24AABCG0627R1ZH (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Giriraj Properties Pvt Ltd. It is led by directors Dinesh G Sanghvi and Gaurang Pradip Mehta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Merlin Oxford 22 Prince Anwar Shah Road 2nd Floor, Kolkata, West Bengal, India – 700033.
As per MCA filings, the company has satisfied charges of ₹15 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merlinprojects.com.
Company details
Contact details
Merlin Infra Projects Private Limited's registered office is in Kolkata, West Bengal. Its website is merlinprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMerlin Oxford 22 Prince Anwar Shah Road 2nd Floor, Kolkata, West Bengal, India – 700033
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Merlin Infra Projects Private 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 Merlin Infra Projects 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 Merlin Infra Projects Private Limited, buy the company report.
Financials of Merlin Infra Projects Private Limited
FY 2025 filings availableMerlin Infra Projects Private Limited reported revenue of ₹9,200 (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 33% fall 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 | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Merlin Infra Projects Private Limited, buy the company report.
Board of directors of Merlin Infra Projects Private Limited
Merlin Infra Projects has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh G Sanghvi Also directs: Merlin Projects Real Estate LLP, Merlin Real Estate LLP., Merlin Projects and Estates Chennai LLP and 5 more | Director | 23 Mar 2010 | 16 Years 7 Months | Current |
| Gaurang Pradip Mehta Also directs: Merlin Projects Real Estate LLP, Sun Beam Mercantile Pvt.Ltd., Trident Commodeal Private Limited and 5 more | Additional Director | 05 Feb 2025 | 1 Years 9 Months | Current |
Auditor
Merlin Infra Projects Private Limited is audited by B. JAIN & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. JAIN & CO. | FY 2022 | 307100E |
Shareholding
The shareholding of Merlin Infra Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Merlin Infra Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2012 | 10383002 | Icici Bank Limited | ₹7.5 Cr | Satisfied | |
| 17 Sep 2012 | 10385447 | Icici Bank Limited | ₹7.5 Cr | Satisfied |
To see the full charge records of Merlin Infra Projects Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Merlin Infra Projects Private Limited has 1 court case on record: 1 filed by Merlin Infra Projects. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Merlin Infra Projects 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 Merlin Infra Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merlin Infra Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG0627R1ZH | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merlin Infra Projects Private Limited, buy the company report.
Recent activity
Merlin Infra Projects Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Bhairav Sanghvi ceased to be Director on 05 Feb 2025.
4 earlier events are in the company report.
News
Frequently asked questions
Merlin Infra Projects is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 September 1981 (45+ years old) and is registered under CIN U70101WB1981PTC034060.
Merlin Infra Projects has 2 current directors:
- Dinesh G Sanghvi - Director
- Gaurang Pradip Mehta - Additional Director
The latest financial statements of Merlin Infra Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Merlin Infra Projects is 24AABCG0627R1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Merlin Infra Projects is U70101WB1981PTC034060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merlin Infra Projects has 1 court case on record: 1 filed by the company.
Merlin Infra Projects was incorporated on 04 September 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
Bhairav Sanghvi ceased to be Director on 05 Feb 2025. Gaurang Pradip Mehta was appointed as Additional Director on 05 Feb 2025. Sushil Kumar Mohta ceased to be Director on 05 Feb 2025. Merlin Infra Projects has 8 board changes on record in total.
Merlin Infra Projects can be reached through the website merlinprojects.com. Its registered office is in Kolkata, West Bengal, India.
The registered office of Merlin Infra Projects is at Merlin Oxford 22 Prince Anwar Shah Road 2nd Floor, Kolkata, West Bengal, India – 700033.

