MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0059877
_PRIVATE_LIMITED.webp)
Classicon Projects (I) Private Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.48 Cr
▲ 50% YoY
Net profit · FY 2024
₹1.56 Cr
Net margin 18.4%
EBITDA · FY 2024
₹1.72 Cr
EBITDA margin 20.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹16.93 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Directors on board
4
As per MCA filings
About Classicon Projects (I) Private Limited
Data last updated:
Classicon Projects (I) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 31 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2010PTC201496. Its GSTIN is 27AADCC9548B1ZO (Maharashtra). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Bharti Rajkumar Ashta and Rajkumar Brijlal Ashta.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.48 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹1.56 Cr (net margin 18.4%) and EBITDA of ₹1.72 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 4% over five years.
The company is associated with 1 brand: Classicon Projects. As per MCA filings, the company has open charges of ₹16.93 Cr on record. Court records list 14 cases involving the company, including 13 filed by the company and 1 filed against it; 7 cases are pending.
Classicon Projects (I) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0059877). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website classicon.co.in.
Company Details of Classicon Projects (I) Private Limited
CIN U45200MH2010PTC201496
Registration Number 201496
Incorporation Date 31 March 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0059877
Key People
Bharti Rajkumar Ashta Director Rajkumar Brijlal Ashta Director Rahul Rajkumar Ashta Director Recognitions & Rankings of Classicon Projects (I)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address23rd Floor 2304 Bhagtani Krishaang Bldg No. 4 Bhagtani Complex, Powai Near S.M. Shetty School Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Construction Services
Comprehensive company report
Classicon Projects (I) 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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Associated Brands with Classicon Projects (I) Private Limited
Classicon Projects (I) operates one associated brand: Classicon Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Interior and civil works solutions with a focus on turn-key projects and architectural services in India. | classicon.co.in |
Business Activity of Classicon Projects (I) Private Limited
The main business activity of Classicon Projects (I) is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Classicon Projects (I) Private Limited FY 2025 filings available
Classicon Projects (I) Private Limited reported revenue of ₹8.48 Cr (up 50% YoY) for FY 2024.
Revenue · FY 2024
₹8.48 Cr ▲ 50%
Net profit · FY 2024
₹1.56 Cr margin 18.4%
EBITDA · FY 2024
₹1.72 Cr margin 20.3%
Compounded Annual Growth Rate (CAGR) of Classicon Projects (I) Private Limited
Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 29%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 114%
3 years · compounded
▲ 75%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 50% growth in the latest year. EBITDA rose 114% 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 of Classicon Projects (I) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.72 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.56 Cr | •••• | •••• | •••• | •••• |
| 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 of Classicon Projects (I) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 18.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Classicon Projects (I) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Classicon Projects (I) Private Limited
Classicon Projects (I) has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharti Rajkumar Ashta | Director | 31 Mar 2010 | 16 Years 6 Months | Current |
| Rajkumar Brijlal Ashta | Director | 31 Mar 2010 | 16 Years 6 Months | Current |
| Rahul Rajkumar Ashta | Director | 31 Mar 2010 | 16 Years 6 Months | Current |
| Rohan Ashta | Director | 31 Mar 2010 | 16 Years 6 Months | Current |
Peer Comparison of Classicon Projects (I) Private Limited
Classicon Projects (I) Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Konark Construction and Engineers Limited | ₹8.49 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Bhubaneswar, Odisha, India |
| Safe Earth Infra Private Limited | ₹8.48 Cr (FY 2025) | •••• | •••• | 927.0% | •••• | Noida, Uttar Pradesh, India |
| S.P. Malik & Co Pvt Ltd | ₹8.48 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Dlco Cryo Gases Private Limited | ₹8.48 Cr (FY 2025) | •••• | •••• | 118.0% | •••• | Chennai, Tamil Nadu, India |
| Time Securities Services Private Limited | ₹8.48 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Classicon Projects (I) Private Limited this company | ₹8.48 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Mumbai, Maharashtra, India |
| Gurpreet Developers and Promoters Private Limited | ₹8.48 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Kharar, Punjab, India |
| Corroganon India Pvt Ltd | ₹8.47 Cr (FY 2025) | •••• | •••• | -70.0% | •••• | Kolkata, West Bengal, India |
| Lignite Constructions Private Limited | ₹8.47 Cr (FY 2024) | •••• | •••• | 81.0% | •••• | Thiruvananthapuram, Kerala, India |
| Vibha Capital Private Limited | ₹8.46 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Hyderabad, Telangana, India |
| Akash Infra Enterprises Private Limited | ₹8.46 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Ujjain, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Classicon Projects (I) by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Classicon Projects (I) Private Limited
Classicon Projects (I) Private Limited is audited by M N N & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M N N & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Classicon Projects (I) Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Classicon Projects (I) Private Limited
Open charges
₹16.93 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Apr 2022 | Axis Bank Limited | ₹2.15 Cr | Open |
| 31 May 2016 | Others | ₹2.45 Cr | Open |
| 30 Dec 2013 | Kotak Mahindra Bank Limited | ₹5 Cr | Open |
| 29 Nov 2013 | Kotak Mahindra Bank Limited | ₹5 Cr | Open |
| 06 Nov 2012 | Oriental Bank of Commerce | ₹1.75 Cr | Open |
Total charge records: 6 View all charges
Legal Cases of Classicon Projects (I) Private Limited
Classicon Projects (I) Private Limited has 14 court cases on record: 13 filed by Classicon Projects (I), 1 filed against it. 7 cases are pending and 7 are disposed.
Total cases
14
Filed by the company
13
Filed against the company
1
Pending
7
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 1 | 5 |
| District courts | 2 | 0 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S Mantri Realty Limited and 2 Ors and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Mantri Realty Limited and Other | Pending |
| Bombay High Court | Court case (CAW) | Filed by the company against M/S. Vidushi Technical and Commercial Services Pvt. Ltd. and Ors | Disposed |
| Bombay High Court | Appeal | Filed by the company against The Official Liquidator of M/S. Mantri Realty Ltd. | Pending |
| Bombay High Court | Appeal | Filed by the company against The Official Liquidator of M/S Mantri Realty Ltd. | Pending |
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Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Classicon Projects (I) Private Limited
Employment history and EPFO contributions of people linked to Classicon Projects (I).
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Classicon Projects (I) Private Limited
Classicon Projects (I) Private Limited has 5 board changes on record since 2010: 4 appointments and 1 cessation. The latest: Roshan Rajkumar Ashta ceased to be Director on 31 Aug 2021.
AGM
Classicon Projects (I) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Classicon Projects (I) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Axis Bank Limited amounted to Rs. 215.00 Lakh with Charge ID 100558817 was registered on 07 Apr 2022.
Ceased
Roshan Rajkumar Ashta ceased to be Director.
Charges
A charge with Others amounted to Rs. 244.90 Lakh with Charge ID 100032504 was registered on 31 May 2016.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 500.00 Lakh registered on 30 Dec 2013 with Charge ID 10473080 was modified on 10 Jun 2015.
Charges
A charge with Kotak Mahindra Bank Limited of Rs. 500.00 Lakh registered on 29 Nov 2013 with Charge ID 10473084 was modified on 08 Jun 2015.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 10473080 was registered on 30 Dec 2013.
Charges
A charge with Kotak Mahindra Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 10473084 was registered on 29 Nov 2013.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 175.00 Lakh with Charge ID 10389456 was registered on 06 Nov 2012.
Charges
A charge with Oriental Bank Of Commerce amounted to Rs. 58.00 Lakh with Charge ID 10331879 was registered on 29 Dec 2011.
Appointed
Bharti Rajkumar Ashta was appointed as Director.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Classicon Projects (I) Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Classicon Projects (I) Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Classicon Projects (I) Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Classicon Projects (I) Private Limited
Classicon Projects (I) has 6 GST registrations: 2 active and 4 cancelled or inactive.
Total GSTINs
6
Active
2
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCC9548B1ZO | Maharashtra | Active | 01 Jul 2017 |
| 29AADCC9548B2ZJ | Karnataka | Active | 15 Apr 2021 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Classicon Projects (I) Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Classicon Projects (I) Private Limited
Classicon Projects (I) is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 31 March 2010 (16+ years old) and is registered under CIN U45200MH2010PTC201496.
Classicon Projects (I) reported revenue of ₹8.48 Cr for FY 2024 (up 50% YoY).
Classicon Projects (I) has 4 current directors:
- Bharti Rajkumar Ashta - Director
- Rajkumar Brijlal Ashta - Director
- Rahul Rajkumar Ashta - Director
- Rohan Ashta - Director
Classicon Projects (I) reported a net profit of ₹1.56 Cr (net margin 18.4%) and EBITDA of ₹1.72 Cr (EBITDA margin 20.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Classicon Projects (I) is 29% over three years and 4% over five years. In the latest year (FY 2024) revenue rose 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Classicon Projects (I) is 27AADCC9548B1ZO, registered in Maharashtra. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 29AADCC9548B2ZJ (Karnataka).
The CIN (Corporate Identification Number) of Classicon Projects (I) is U45200MH2010PTC201496. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Classicon Projects (I) has 14 court cases on record: 13 filed by the company and 1 filed against it. 7 are pending. Most are in the high courts.
Classicon Projects (I) was incorporated on 31 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Classicon Projects (I) by revenue are Konark Construction and Engineers Limited, Safe Earth Infra Private Limited, S.P. Malik & Co Pvt Ltd, Dlco Cryo Gases Private Limited, Time Securities Services Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Roshan Rajkumar Ashta ceased to be Director on 31 Aug 2021. Bharti Rajkumar Ashta was appointed as Director on 31 Mar 2010. Rahul Rajkumar Ashta was appointed as Director on 31 Mar 2010. Classicon Projects (I) has 5 board changes on record in total.