About Karan Development Services Pvt Ltd
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Karan Development Services Pvt Ltd is a private limited company based in Gwalior, Madhya Pradesh, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 12 May 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45203MP1989PTC005253. Its GSTIN is 23AAACK8218M1ZF (Madhya Pradesh). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.29 Cr. It is led by directors including Divyaraj Singh (Managing Director) and Girraj Singh Kirar (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 C – 21 Indra Nagar Tansen Road, Gwalior, Madhya Pradesh, India – 474002.
As per the financials filed for FY 2025, the company reported a revenue of ₹781.7 Cr, a growth of 111% compared to the previous year. For the same year it recorded a net profit of ₹47.4 Cr (net margin 6.1%) and EBITDA of ₹80.59 Cr (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 37% over five years.
The company has about 119 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KDSPL. As per MCA filings, the company has open charges of ₹372.97 Cr and satisfied charges of ₹116.39 Cr on record. Court records list 67 cases involving the company, including 7 filed by the company and 60 filed against it; 24 cases are pending. The company has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.04 Cr; the latest was in March 2024. Its 7 peer companies in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 4 smaller; the largest is Nandi Economic Corridor Enterprises Limited. with revenue of ₹838 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kdspl.co.in.
Company details
Contact details
Karan Development Services Pvt Ltd's registered office is in Gwalior, Madhya Pradesh. Its website is kdspl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 21 Indra Nagar Tansen Road, Gwalior, Madhya Pradesh, India – 474002
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Karan Development Services Pvt Ltd, 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
Karan Development Services operates one associated brand: KDSPL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction services in dams, canals, bridges, and roads are offered by KDSPL in India. | kdspl.co.in |
Business activity
The main business activity of Karan Development Services is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Karan Development Services Pvt Ltd, buy the company report.
Financials of Karan Development Services Pvt Ltd
FY 2024 filings availableKaran Development Services Pvt Ltd reported revenue of ₹781.7 Cr (up 111% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 111% growth in the latest year. EBITDA rose 82% 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 |
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| EBITDA | ₹80.59 Cr | ||||
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| Net Profit (PAT) | ₹47.4 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 10.3% | ||||
| Net Profit Margin | 6.1% | ||||
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To see the full financial statements and ratios of Karan Development Services Pvt Ltd, buy the company report.
Board of directors of Karan Development Services Pvt Ltd
Karan Development Services has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girraj Singh Kirar | Whole-Time Director | 02 Sep 2002 | 24 Years 1 Months | Current |
| Karan Singh | Director | 12 May 1989 | 37 Years 5 Months | Current |
| Divyaraj Singh | Managing Director | 01 May 2013 | 13 Years 5 Months | Current |
Peer comparison
Karan Development Services Pvt Ltd is compared with the 7 companies closest to it by revenue in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nandi Economic Corridor Enterprises Limited. | ₹838 Cr (FY 2024) | 31.0% | Off M.G.Road, Bangalore, Karnataka, India | |||
| Ajwani Infrastructure Private Limited | ₹835.21 Cr (FY 2025) | 59.0% | Pune, Maharashtra, India | |||
| C. S. Infraconstruction Limited | ₹783.56 Cr (FY 2024) | 93.0% | Ballia, Uttar Pradesh, India | |||
| Karan Development Services Pvt Ltdthis company | ₹781.7 Cr (FY 2025) | ₹47.4 Cr | 6.1% | 111.0% | 119 | Gwalior, Madhya Pradesh, India |
| Apco Shri Amarnathji Tunnelway Private Limited | ₹765.44 Cr (FY 2025) | 31.0% | Lucknow, Uttar Pradesh, India | |||
| Irb Ahmedabad Vadodara Super Express Tollway Private Limited | ₹764.09 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Shree Manglam Buildcon (I) Private Limited | ₹757.01 Cr (FY 2025) | 18.0% | Patan, Gujarat, India | |||
| GR Ena Kim Expressway Private Limited | ₹754.94 Cr (FY 2025) | 17.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Karan Development Services Pvt Ltd, buy the company report.
Auditor
Karan Development Services Pvt Ltd is audited by Abhishek V Gupta & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Abhishek V Gupta & Co | FY 2024 | 0017949C |
Shareholding
The shareholding of Karan Development Services Pvt Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Karan Development Services Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2025 | 101211458 | Axis Bank Limited | ₹58.67 Lakh | Open | |
| 29 Nov 2025 | 101200311 | Axis Bank Limited | ₹8.32 Cr | Open | |
| 31 Oct 2025 | 101183835 | Axis Bank Limited | ₹1.08 Cr | Open | |
| 24 Oct 2025 | 101183406 | Others | ₹50 Cr | Open | |
| 15 Oct 2025 | 101174489 | Axis Bank Limited | ₹49.67 Lakh | Open |
To see the full charge records of Karan Development Services Pvt Ltd, buy the company report.
Total charge records: 108 View all charges
Deals & funding
Karan Development Services Pvt Ltd has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.04 Cr; the latest was in March 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2023 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Feb 2014 | Funding round | ₹1.04 Cr | Investors: Almighty Venture Private Limited, an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Adonis Securities Private Limited, Geefcee Finance Limited , M V Marketing Private Limited |
To see the full deal history of Karan Development Services Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karan Development Services Pvt Ltd has 67 court cases on record: 7 filed by Karan Development Services, 60 filed against it. 24 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 46 | 24 |
| High courts | 14 | 11 | 0 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Private Limited | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against M/S Mantena Infrasol Pvt. Ltd. and 3 others | Disposed |
| District court, Gwalior, Madhya Pradesh | Court case (EX B) | Filed against the company by M/S Kyb Conmat Private Limited | Disposed |
| Supreme Court | Court case (1203-Compensation Matters : Insurer/owners liability matters) | Filed against the company by Icici Lombard General Insurance Co. Ltd. Aggarwal City Mall, 315, 3Rd Floor, Plot No. 4, Near M2k Rani Bagh, Pitampura , District: New Delhi , , Delhi | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Ltd | Disposed |
To see the full case history of Karan Development Services Pvt Ltd, 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
Karan Development Services Pvt Ltd was last rated by Brickwork on 29 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Mar 2022 |
To see the full credit ratings and regulatory alerts of Karan Development Services Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karan Development Services Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karan Development Services Pvt Ltd has a workforce of 119 employees on its EPFO records as of Jan 08, 2026, across 1 active EPFO establishment.
GST
Karan Development Services has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACK8218M1ZF | Madhya Pradesh | Active | 01 Jul 2017 |
| 08AAACK8218M1Z7 | Rajasthan | Active | 31 May 2023 |
| 27AAACK8218M2Z6 | Maharashtra | Active | 04 Oct 2023 |
To see the full GST registrations and return filing status of Karan Development Services Pvt Ltd, buy the company report.
Recent activity
Karan Development Services Pvt Ltd has 9 board changes on record since 1989: 3 appointments and 6 cessations. The latest: Nicky Singh Kirar ceased to be Director on 01 Jan 2022.
176 earlier events are in the company report.
Frequently asked questions
Karan Development Services is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 12 May 1989 (37+ years old) and is registered under CIN U45203MP1989PTC005253.
Karan Development Services has 3 current directors:
- Divyaraj Singh - Managing Director
- Girraj Singh Kirar - Whole-Time Director
- Karan Singh - Director
The latest financial statements of Karan Development Services 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 Karan Development Services is 23AAACK8218M1ZF, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 08AAACK8218M1Z7 (Rajasthan), 27AAACK8218M2Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Karan Development Services is U45203MP1989PTC005253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karan Development Services has 67 court cases on record: 7 filed by the company and 60 filed against it. 24 are pending. Most are in the district courts.
Karan Development Services was incorporated on 12 May 1989, making it 37+ years old. It is registered with the Registrar of Companies, Gwalior.
Karan Development Services has 9 deals on record (6 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.04 Cr; the latest was in March 2024.
The peers of Karan Development Services by revenue are Nandi Economic Corridor Enterprises Limited, Ajwani Infrastructure Private Limited, C. S. Infraconstruction Limited, Apco Shri Amarnathji Tunnelway Private Limited, Irb Ahmedabad Vadodara Super Express Tollway Private Limited and 2 more, all in the Infrastructure industry (Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Nicky Singh Kirar ceased to be Director on 01 Jan 2022. Divyaraj Singh ceased to be Director on 31 Mar 2016. Karan Singh ceased to be Managing Director on 31 Mar 2016. Karan Development Services has 9 board changes on record in total.
Karan Development Services can be reached through the website kdspl.co.in. Its registered office is in Gwalior, Madhya Pradesh, India.