About Haigreeva Infratech Projects Limited
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Haigreeva Infratech Projects Limited is a public limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U29248AP2001PLC037005. Its GSTIN is 37AABCH3275Q1Z1 (Andhra Pradesh). The company holds 10 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.6 Cr. It was formerly known as Haigreeva Engineering Company Limited. It is led by directors including Jagadeeswarudu Chilukuri (Managing Director) and Radha Rani Chilukuri.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Mig – 28&29 Swethavahana Residency Ground Floor Sector – 1 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2020, the company reported a revenue of ₹439.29 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹8.02 Cr (net margin 1.8%) and EBITDA of ₹28.4 Cr (EBITDA margin 6.5%).
The company has about 43 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹344.68 Cr and satisfied charges of ₹143.16 Cr on record. Court records list 113 cases involving the company, including 34 filed by the company and 79 filed against it; 36 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website haigreeva.com.
Company details
CIN history
Haigreeva Infratech Projects has one previous CIN (Corporate Identification Number): L29248AP2001PLC037005. The current CIN is U29248AP2001PLC037005, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29248AP2001PLC037005 | Current |
| L29248AP2001PLC037005 | Previous |
Contact details
Haigreeva Infratech Projects Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is haigreeva.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressMig – 28&29 Swethavahana Residency Ground Floor Sector – 1 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Haigreeva Infratech 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
Financials of Haigreeva Infratech Projects Limited
FY 2020 filings availableHaigreeva Infratech Projects Limited reported revenue of ₹439.29 Cr (down 32% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year. EBITDA fell 47% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹439.29 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.02 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 1.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Haigreeva Infratech Projects Limited, buy the company report.
Board of directors of Haigreeva Infratech Projects Limited
Haigreeva Infratech Projects has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkateswarudu Kandra Also directs: Sterling Tea and Agrotech Pvt Ltd, Moka Buildcon Private Limited | Additional Director | 25 Oct 2024 | 2 Years 0 Months | Current |
| Jagadeeswarudu Chilukuri Also directs: Sterling Tea and Agrotech Pvt Ltd, Ajax Infra Private Limited | Managing Director | 11 Jul 2001 | 25 Years 3 Months | Current |
| Radha Rani Chilukuri | Director | 11 Jul 2001 | 25 Years 3 Months | Current |
Auditor
Haigreeva Infratech Projects Limited is audited by P.RAVINDRA V A R M A CHARTERED ACCOUNTANTS for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.RAVINDRA V A R M A CHARTERED ACCOUNTANTS | FY 2020 | 00415S |
Shareholding
The shareholding of Haigreeva Infratech Projects Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Haigreeva Infratech Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2020 | 100373360 | Others | ₹3.68 Cr | Open | |
| 07 May 2020 | 100373727 | Others | ₹6.65 Cr | Open | |
| 03 Mar 2018 | 100160682 | Others | ₹30 Cr | Open | |
| 22 May 2017 | 100105632 | Others | ₹1.08 Cr | Open | |
| 15 Mar 2017 | 100090690 | Others | ₹6.23 Lakh | Open |
To see the full charge records of Haigreeva Infratech Projects Limited, buy the company report.
Total charge records: 29 View all charges
Legal cases
Haigreeva Infratech Projects Limited has 113 court cases on record: 34 filed by Haigreeva Infratech Projects, 79 filed against it. 36 cases are pending and 77 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 70 | 66 | 25 |
| High courts | 42 | 12 | 11 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Arbitration matter | Filed against the company by M/S Johnson Lifts Private Limited | Pending |
| High Court for State of Telangana | Writ petition | Filed by the company against Union Bank of India | Pending |
| District court, Visakapatnam, Andhra Pradesh | Criminal miscellaneous application | Filed against the company by Karur Vysya Bank Ltd. | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Mika Engineering (India) Pvt.Ltd Shri Jaywant Dattatray Kashikar ( Managing Directors) | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Prashanth Road Infra Projects and Developers Pvt Ltd Rep by Its Managing Director Mr C. Sonne Gowda | Pending |
To see the full case history of Haigreeva Infratech 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.
Credit ratings & regulatory alerts
Haigreeva Infratech Projects Limited was last rated by Brickwork on 21 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Dec 2021 |
To see the full credit ratings and regulatory alerts of Haigreeva Infratech Projects Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Haigreeva Infratech Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Haigreeva Infratech Projects has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ajax Infra Private Limited | U70102TG2008PTC057798 |
To see the full group structure of Haigreeva Infratech Projects Limited, buy the company report.
Employees & EPFO
Haigreeva Infratech Projects Limited has a workforce of 43 employees on its EPFO records as of Apr 04, 2024, across 4 active EPFO establishments.
GST
Haigreeva Infratech Projects has 10 GST registrations: 3 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AABCH3275Q1Z1 | Andhra Pradesh | Active | 01 Jul 2017 |
| 21AABCH3275Q1ZE | Odisha | Active | 01 Jul 2017 |
| 29AABCH3275Q1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Haigreeva Infratech Projects Limited, buy the company report.
Recent activity
Haigreeva Infratech Projects Limited has 13 board changes on record since 2001: 3 appointments and 10 cessations. The latest: Ravi Kiran Babu Bade ceased to be Director on 25 Oct 2024.
52 earlier events are in the company report.
Frequently asked questions
Haigreeva Infratech Projects is an active public limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 July 2001 (25+ years old) and is registered under CIN U29248AP2001PLC037005.
Haigreeva Infratech Projects has 3 current directors:
- Jagadeeswarudu Chilukuri - Managing Director
- Venkateswarudu Kandra - Additional Director
- Radha Rani Chilukuri - Director
The latest financial statements of Haigreeva Infratech Projects on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Haigreeva Infratech Projects is 37AABCH3275Q1Z1, registered in Andhra Pradesh. The company has 10 GST registrations in all, of which 3 are active and 7 are cancelled or inactive. Other active GSTINs include 21AABCH3275Q1ZE (Odisha), 29AABCH3275Q1ZY (Karnataka).
The CIN (Corporate Identification Number) of Haigreeva Infratech Projects is U29248AP2001PLC037005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Haigreeva Infratech Projects has 113 court cases on record: 34 filed by the company and 79 filed against it. 36 are pending. Most are in the district courts.
Haigreeva Infratech Projects was incorporated on 11 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Vijayawada.
Ravi Kiran Babu Bade ceased to be Director on 25 Oct 2024. Venkateswarudu Kandra was appointed as Additional Director on 25 Oct 2024. Bangalore Narayana Srinivas Murthy ceased to be Additional Director on 09 May 2024. Haigreeva Infratech Projects has 13 board changes on record in total.
Haigreeva Infratech Projects can be reached through the website haigreeva.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Haigreeva Infratech Projects is at Mig – 28&29 Swethavahana Residency Ground Floor Sector – 1 Mvp Colony, Visakhapatnam, Andhra Pradesh, India – 530017.