About Advance India Projects Limited
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Advance India Projects Limited is a public limited company based in Gurugram, Haryana, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 May 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U45209HR1997PLC080240. Its GSTIN is 06AACCA9859J1Z8 (Haryana). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹16.1 Cr and a paid-up capital of ₹15.59 Cr. It is led by directors including Harinder Singh (Whole-Time Director) and Jasvinder Singh Vohra.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Aipl Business Club Fifth Floor Golf Course Extension Road Sector – 62, Gurugram, Haryana, India – 122101.
As per the financials filed for FY 2024, the company reported a revenue of ₹694.34 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹10.88 Cr (net margin -1.6%) and EBITDA of ₹47.7 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 14% over five years.
The company has about 216 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries and 1 joint venture.
The company is associated with 1 brand: AIPL. As per MCA filings, the company has open charges of ₹2,151.3 Cr and satisfied charges of ₹2,700.64 Cr on record. Court records list 201 cases involving the company, including 71 filed by the company and 130 filed against it; 62 cases are pending. The company has 6 deals on record (4 debt financings, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹1,303.91 Cr; the latest was in December 2024. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Brigade Tetrarch Private Limited with revenue of ₹698.18 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 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 advanceindia.co.in.
Company details
CIN history
Advance India Projects has one previous CIN (Corporate Identification Number): U45209DL1997PLC087292. The current CIN is U45209HR1997PLC080240, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209HR1997PLC080240 | Current |
| U45209DL1997PLC087292 | Previous |
Contact details
Advance India Projects Limited's registered office is in Gurugram, Haryana. Its website is advanceindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAipl Business Club Fifth Floor Golf Course Extension Road Sector – 62, Gurugram, Haryana, India – 122101
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Advance India 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 Advance India Projects is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Advance India Projects Limited, buy the company report.
Financials of Advance India Projects Limited
FY 2024 filings availableAdvance India Projects Limited reported revenue of ₹694.34 Cr (up 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 24% growth in the latest year. EBITDA fell 3% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹47.7 Cr | ||||
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| Net Profit (PAT) | -₹10.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | -1.6% | ||||
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To see the full financial statements and ratios of Advance India Projects Limited, buy the company report.
Board of directors of Advance India Projects Limited
Advance India Projects has 8 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasvinder Singh Vohra Also directs: Aipl Housing and Urban Infrastructure Limited | Director | 25 Jul 2016 | 10 Years 2 Months | Current |
| Bala Krishna Pandey Also directs: Aipl Housing and Urban Infrastructure Limited, Baakir Real Estates Private Limited, Haamid Real Estates Private Limited and 5 more | Director | 02 Apr 2018 | 8 Years 6 Months | Current |
| Harpreet Kaur Gadh | Director | 30 Mar 2015 | 11 Years 6 Months | Current |
| Inderjeet Singh Also directs: Aipl Housing and Urban Infrastructure Limited | Director | 16 Jan 2025 | 1 Years 9 Months | Current |
| Ishaan Singh Also directs: Lilium Promoters Private Limited, Flamingo Exim Private Limited, Advance India Exim Private Limited and 5 more | Director | 01 Oct 2022 | 4 Years 0 Months | Current |
| Daljeet Singh Also directs: Aipl Estates LLP, Aipl Projects Private Limited, Floralessence Projects Private Limited and 5 more | Director | 08 Jan 2007 | 19 Years 9 Months | Current |
Peer comparison
Advance India Projects Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Brigade Tetrarch Private Limited | ₹698.18 Cr (FY 2025) | 5893.0% | Bangalore, Karnataka, India | |||
| Advance India Projects Limitedthis company | ₹694.34 Cr (FY 2024) | -₹10.88 Cr | -1.6% | 24.0% | 216 | Gurugram, Haryana, India |
| Suposhaa Realcon Private Limited | ₹684.43 Cr (FY 2025) | 6693.0% | Gurugram, Haryana, India | |||
| Sky Forest Projects Private Limited | ₹676.12 Cr (FY 2025) | 10.0% | Haryana, India |
To see the full peer comparison of Advance India Projects Limited, buy the company report.
Auditor
Advance India Projects Limited is audited by S C And Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C And Associates | FY 2023 | 023951N |
Shareholding
The shareholding of Advance India 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 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 Advance India Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2026 | 101242483 | Others | ₹25 Cr | Open | |
| 14 Jan 2026 | 101239494 | Others | ₹25 Cr | Open | |
| 30 Aug 2025 | 101151885 | Others | ₹115 Cr | Open | |
| 26 Aug 2025 | 101173938 | Axis Bank Limited | ₹160 Cr | Open | |
| 25 Aug 2025 | 101157697 | Indian Bank | ₹32 Lakh | Open |
To see the full charge records of Advance India Projects Limited, buy the company report.
Total charge records: 93 View all charges
Deals & funding
Advance India Projects Limited has 6 deals on record (4 debt financings, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹1,303.91 Cr; the latest was in December 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Debt financing | ₹450 Cr | Investors: Asia Opportunities Singapore Pte Limited |
| Feb 2023 | Debt financing | ₹50 Cr | Investors: Apollo Global Management |
| Jul 2022 | Debt financing | ₹315 Cr | Investors: Apollo Global Management |
| Dec 2020 | Debt financing | ₹488.7 Cr | Investors: Apollo Global Management, Sbi Ven Capital |
| Mar 2006 | Funding round | ₹21 Lakh | Investors: Weal Iron And Steel Company Private Limi Ted, Bechan Buildcon Private Limited , Aks Builders Private Limited |
To see the full deal history of Advance India Projects 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
Advance India Projects Limited has 201 court cases on record: 71 filed by Advance India Projects, 130 filed against it. 62 cases are pending and 139 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 124 | 91 | 46 |
| High courts | 62 | 35 | 13 |
| Supreme Court | 12 | 3 | 1 |
| NCLAT | 2 | 0 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 201)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Servotech Electricals Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Civil miscellaneous application | Filed against the company by Ceylon Fusion Ayurveda Pvt Ltd Through Authorised Signatory | Pending |
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by Pasta Street India Pvt Ltd Through Its Ar | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Ceylon Fusion Ayurveda Private Limited Through Authorised Signatory | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Mah Hospitality Pvt Ltd | Pending |
To see the full case history of Advance India 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.
MSME payment delays
Advance India Projects Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Axsys Solutions | |||
| Eco Paryavaran Engineers Andconsultants Pvt Ltd |
To see the full MSME payment records of Advance India Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Advance India Projects has 9 subsidiary companies, 1 joint venture, 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 |
|---|---|---|
| Florican Infrastructure Projects Private Limited | U45200HR2008PTC080239 | |
| Haamid Real Estates Private Limited | U45201HR2006PTC087699 | |
| Lilium Promoters Private Limited | U45400HR2007PTC080241 | |
| Babbler Projects Private Limited | U45400HR2008PTC080248 | |
| Aipl Hospitality Limited | U55101HR2008PLC080242 | |
| Pan Ban Associates Private Limited | U70100DL2006PTC151585 |
To see the full group structure of Advance India Projects Limited, buy the company report.
Employees & EPFO
Advance India Projects Limited has a workforce of 216 employees on its EPFO records as of Oct 07, 2024, across 1 active EPFO establishment.
GST
Advance India Projects has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCA9859J1Z8 | Haryana | Active | 01 Jul 2017 |
| 03AACCA9859J1ZE | Punjab | Active | 01 Jul 2017 |
| 07AACCA9859J2Z5 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Advance India Projects Limited, buy the company report.
Recent activity
Advance India Projects Limited has 30 board changes on record since 1997: 10 appointments and 20 cessations. The latest: Inderjeet Singh ceased to be Additional Director on 29 Dec 2025.
195 earlier events are in the company report.
Frequently asked questions
Advance India Projects is an active public limited company based in Gurugram, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 May 1997 (29+ years old) and is registered under CIN U45209HR1997PLC080240.
Advance India Projects has 8 current directors:
- Harinder Singh - Whole-Time Director
- Jasvinder Singh Vohra - Director
- Bala Krishna Pandey - Director
- Harpreet Kaur Gadh - Director
- Inderjeet Singh - Director
- Ishaan Singh - Director
- Daljeet Singh - Director
- Gurdeep Singh - Director
The latest financial statements of Advance India Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Advance India Projects is 06AACCA9859J1Z8, registered in Haryana. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 03AACCA9859J1ZE (Punjab), 07AACCA9859J2Z5 (Delhi).
The CIN (Corporate Identification Number) of Advance India Projects is U45209HR1997PLC080240. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Advance India Projects has 201 court cases on record: 71 filed by the company and 130 filed against it. 62 are pending. Most are in the district courts.
Advance India Projects was incorporated on 15 May 1997, making it 29+ years old. It is registered with the Registrar of Companies, Haryana.
Advance India Projects has 6 deals on record (4 debt financings, 1 secondary share transfer, 1 funding round), with disclosed funding of ₹1,303.91 Cr; the latest was in December 2024.
The peers of Advance India Projects by revenue are Brigade Tetrarch Private Limited, Suposhaa Realcon Private Limited, Sky Forest Projects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Inderjeet Singh ceased to be Additional Director on 29 Dec 2025. Inderjeet Singh was appointed as Director on 16 Jan 2025. Preeti Sharma was appointed as Company Secretary on 13 Mar 2024. Advance India Projects has 30 board changes on record in total.
Advance India Projects has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 07 Mar 2020.
Advance India Projects can be reached through the website advanceindia.co.in. Its registered office is in Gurugram, Haryana, India.