About Desai Construction Private Limited
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Desai Construction 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 08 February 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH1988PTC269690. Its GSTIN is 27AAACD8502F1ZY (Maharashtra). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹4.1 Cr and a paid-up capital of ₹4.08 Cr. It is led by directors including Sanjay Manubhai Desai (Whole-Time Director) and Mahendra Balvantrai Desai (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 522 5th Floor Tulsiani Chamber 212 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹403.08 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹25.55 Cr (net margin 6.3%) and EBITDA of ₹40.51 Cr (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 16% over five years.
The company has about 1,854 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Desai Construction. As per MCA filings, the company has open charges of ₹98.5 Cr and satisfied charges of ₹58.5 Cr on record. Court records list 36 cases involving the company, including 12 filed by the company and 24 filed against it; 6 cases are pending. The company has 11 deals on record (11 secondary share transfers); the latest was in August 2021. Its 4 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Venkata Praneeth Developers Private Limited with revenue of ₹407.18 Cr. The company has 24 MSME Form 1 returns on record between 2014 and 2024, listing 4,741 overdue payments to 112 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 desaiconstruction.com.
Company details
CIN history
Desai Construction has one previous CIN (Corporate Identification Number): U45201GJ1988PTC010339. The current CIN is U45201MH1988PTC269690, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH1988PTC269690 | Current |
| U45201GJ1988PTC010339 | Previous |
Contact details
Desai Construction Private Limited's registered office is in Mumbai, Maharashtra. Its website is desaiconstruction.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address522 5th Floor Tulsiani Chamber 212 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Desai Construction 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
Brands
Desai Construction operates one associated brand: Desai Construction. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Industrial and infrastructure construction company with over three decades of experience. | desaiconstruction.com |
Business activity
The main business activity of Desai Construction 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 Desai Construction Private Limited, buy the company report.
Financials of Desai Construction Private Limited
FY 2024 filings availableDesai Construction Private Limited reported revenue of ₹403.08 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 6% growth in the latest year. EBITDA fell 26% 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 | ₹40.51 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25.55 Cr | ||||
| Balance Sheet | |||||
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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 | 10% | ||||
| Net Profit Margin | 6.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Desai Construction Private Limited, buy the company report.
Board of directors of Desai Construction Private Limited
Desai Construction has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Manubhai Desai | Whole-Time Director | 12 Sep 1996 | 30 Years 1 Months | Current |
| Bhavesh Kishorchandra Desai | Director | 12 Feb 2024 | 2 Years 8 Months | Current |
| Shivang Arjun Desai | Director | 30 Dec 2014 | 11 Years 9 Months | Current |
| Mehul Mahendra Desai | Director | 30 Dec 2014 | 11 Years 9 Months | Current |
| Mahendra Balvantrai Desai | Whole-Time Director | 08 Feb 1988 | 38 Years 8 Months | Current |
| Apurva Arjunbhai Desai | Director | 30 Dec 2014 | 11 Years 9 Months | Current |
Peer comparison
Desai Construction Private Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Construction Services), 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 |
|---|---|---|---|---|---|---|
| Venkata Praneeth Developers Private Limited | ₹407.18 Cr (FY 2024) | 48.0% | Hyderabad, Telangana, India | |||
| Takenaka India Private Limited | ₹405.13 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Desai Construction Private Limitedthis company | ₹403.08 Cr (FY 2024) | ₹25.55 Cr | 6.3% | 6.0% | 1,854 | Mumbai, Maharashtra, India |
| Bansal Infratech Synergies India Limited | ₹401.76 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Manisha Group Private Limited | ₹394.01 Cr (FY 2025) | 47.0% | Pune, Maharashtra, India |
To see the full peer comparison of Desai Construction Private Limited, buy the company report.
Auditor
Desai Construction Private Limited is audited by Chaturivedi & Shah for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturivedi & Shah | FY 2023 | 101720W |
Shareholding
The shareholding of Desai Construction 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 Desai Construction Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Dec 2020 | 100397282 | Others | ₹75 Cr | Open | |
| 28 Nov 2019 | 100310400 | Others | ₹23.5 Cr | Open | |
| 04 Nov 2015 | 10600574 | Icici Bank | ₹20 Cr | Satisfied | |
| 21 Jul 2010 | 10238942 | Idbi Bank Limited | ₹25 Cr | Satisfied | |
| 16 Oct 2007 | 10072450 | Indusind Bank Limited | ₹12 Cr | Satisfied |
To see the full charge records of Desai Construction Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Desai Construction Private Limited has 11 deals on record (11 secondary share transfers); the latest was in August 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Mahendra Balvantrai Desai Huf |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Seller: Mahendra Balvantrai Desai Huf, 3 individuals |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Arjun Balvantrai Desai Huf |
To see the full deal history of Desai Construction 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
Desai Construction Private Limited has 36 court cases on record: 12 filed by Desai Construction, 24 filed against it. 6 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 20 | 5 |
| High courts | 10 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CFA) | Filed against the company by Associated Stone Industries Kotah Ltd., and 1 other | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Tarapur Environment Protection Society | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Tarapur Environment Protection Society | Disposed |
| District court, Valsad, Gujarat | Motor accident claim | Filed by the company against The New India Assurance Co.Ltd. and 2 others | Disposed |
| District court, Valsad, Gujarat | Motor accident claim | Filed by the company against A.M.L.F. Logistics Pvt. Ltd. and 2 others | Disposed |
To see the full case history of Desai Construction 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.
Credit ratings & regulatory alerts
Desai Construction Private Limited was last rated by Crisil on 29 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Jul 2019 |
To see the full credit ratings and regulatory alerts of Desai Construction Private Limited, buy the company report.
MSME payment delays
Desai Construction Private Limited has 24 MSME Form 1 returns on record between 2014 and 2024, listing 4,741 overdue payments to 112 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 (5 of 112)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Vipul Water Proofers Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Desai Construction Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Desai Construction Private Limited has a workforce of 1,854 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Desai Construction has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD8502F1ZY | Maharashtra | Active | 01 Jul 2017 |
| 24AAACD8502F1Z4 | Gujarat | Active | 01 Jul 2017 |
| 26AAACD8502F4ZX | Dadra and Nagar Haveli and Daman and Diu | Active | 20 Apr 2023 |
To see the full GST registrations and return filing status of Desai Construction Private Limited, buy the company report.
Recent activity
Desai Construction Private Limited has 10 board changes on record since 1988: 6 appointments and 4 cessations. The latest: Bhavesh Kishorchandra Desai ceased to be Additional Director on 29 Sep 2024.
14 earlier events are in the company report.
Frequently asked questions
Desai Construction 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 08 February 1988 (38+ years old) and is registered under CIN U45201MH1988PTC269690.
Desai Construction has 6 current directors:
- Sanjay Manubhai Desai - Whole-Time Director
- Mahendra Balvantrai Desai - Whole-Time Director
- Bhavesh Kishorchandra Desai - Director
- Shivang Arjun Desai - Director
- Mehul Mahendra Desai - Director
- Apurva Arjunbhai Desai - Director
The latest financial statements of Desai Construction on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Desai Construction is 27AAACD8502F1ZY, registered in Maharashtra. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 24AAACD8502F1Z4 (Gujarat), 26AAACD8502F4ZX (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Desai Construction is U45201MH1988PTC269690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Desai Construction has 36 court cases on record: 12 filed by the company and 24 filed against it. 6 are pending. Most are in the district courts.
Desai Construction was incorporated on 08 February 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Desai Construction has 11 deals on record (11 secondary share transfers); the latest was in August 2021.
The peers of Desai Construction by revenue are Venkata Praneeth Developers Private Limited, Takenaka India Private Limited, Bansal Infratech Synergies India Limited, Manisha Group Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Bhavesh Kishorchandra Desai ceased to be Additional Director on 29 Sep 2024. Arjun Balvantrai Desai ceased to be Whole-Time Director on 25 May 2024. Bhavesh Kishorchandra Desai was appointed as Director on 12 Feb 2024. Desai Construction has 10 board changes on record in total.
Desai Construction has 24 MSME Form 1 returns on record between 2014 and 2024, listing 4,741 overdue payments to 112 micro and small suppliers. The latest return was filed on 04 Jul 2024.
Desai Construction can be reached through the website desaiconstruction.com. Its registered office is in Mumbai, Maharashtra, India.