About M.S. Khurana Engineering Limited
Data last updated:
M.S. Khurana Engineering Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 09 September 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1998PLC034638. Its GSTIN is 24AABCM4514F1ZY (Gujarat). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.75 Cr. It was formerly known as M. S. Khurana Constructions Private Limited. It is led by directors including Ashishbhai Sudhirbhai Khurana (Managing Director) and Nicole Ashishbhai Khurana (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹306.96 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹16.04 Cr (net margin 5.2%) and EBITDA of ₹30.67 Cr (EBITDA margin 10%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 11% over five years.
The company has about 232 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹309.41 Cr and satisfied charges of ₹188.65 Cr on record. Court records list 114 cases involving the company, including 45 filed by the company and 55 filed against it; 21 cases are pending. The company has 13 deals on record (13 secondary share transfers); the latest was in March 2017. Its 10 peer companies in the Infrastructure industry (Construction Services) are compared by revenue, 5 larger and 5 smaller; the largest is Paresh Constructions and Foundations Private Limited with revenue of ₹312.35 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 228 overdue payments to 28 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 mskhurana.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2 Ndfloor Msk Nearkashiramranabhavan Passportoffice – Panjrapoleroad Ambaw, Adi, Ahmedabad, Gujarat, India – 380015
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Business Activity of M.S. Khurana Engineering Limited
The main business activity of M.S. Khurana Engineering is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of M.S. Khurana Engineering Limited FY 2025 filings available
M.S. Khurana Engineering Limited reported revenue of ₹306.96 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of M.S. Khurana Engineering Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 16% fall in the latest year. EBITDA fell 66% 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 M.S. Khurana Engineering Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹30.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹16.04 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 M.S. Khurana Engineering Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 M.S. Khurana Engineering are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of M.S. Khurana Engineering Limited
M.S. Khurana Engineering 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 |
|---|---|---|---|---|---|---|
| Paresh Constructions and Foundations Private Limited | ₹312.35 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Hombale Constructions and Estates Private Limited | ₹311.55 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Bangalore, Karnataka, India |
| Lisha Engineers Private Limited | ₹309.27 Cr (FY 2025) | •••• | •••• | 55.0% | •••• | New Delhi, Delhi, India |
| Tricon Infra Buildtech Private Limited | ₹308.25 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Ramkrishy Infrastructure Private Limited | ₹307.01 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Bangalore, Karnataka, India |
| M.S. Khurana Engineering Limited this company | ₹306.96 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Ahmedabad, Gujarat, India |
| Raj Path Infracon Private Limited | ₹304.23 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Pune, Maharashtra, India |
| Arcons Infrastructures and Constructions Private Limited | ₹303.07 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Nagpur, Maharashtra, India |
| Irp Infra Tech Limited | ₹302.67 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Hyderabad, Telangana, India |
| VVC Realinfra Private Limited | ₹298.08 Cr (FY 2025) | •••• | •••• | -72.0% | •••• | Guna, Madhya Pradesh, India |
| Vijay M. Mistry Construction Private Limited | ₹297.32 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below M.S. Khurana Engineering 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 M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited is audited by GATTANI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GATTANI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of M.S. Khurana Engineering Limited
M.S. Khurana Engineering has 7 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surabhi Agarwal Also directs: Hotel Hilltone Private Limited | Additional Director | 19 May 2025 | 1 Years 4 Months | Current |
| Vandana Srichand Hingorani Also directs: Surat Amonia Pvt Ltd | Director | 01 Sep 2023 | 3 Years 1 Months | Current |
| Ashishbhai Sudhirbhai Khurana Also directs: Aashiana Recreation Projects LLP, Scope Consultancy Private Limited, West India Infratech Private Limited and 5 more | Managing Director | 09 Sep 1998 | 28 Years 1 Months | Current |
| Nicole Ashishbhai Khurana Also directs: Aashiana Recreation Projects LLP, Tell Tale Productions LLP, Scope Consultancy Private Limited and 1 more | Whole-Time Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Aparna Arunkumar Mehra | Director | 13 Sep 2024 | 2 Years 0 Months | Current |
| Subhash Mewaldas Khurana | Director | 25 Mar 2015 | 11 Years 6 Months | Current |
Ownership and Shareholding of M.S. Khurana Engineering Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of M.S. Khurana Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2025 | Hdfc Bank Limited | ₹23 Lakh | Open |
| 22 Jul 2025 | Others | ₹2.03 Cr | Open |
| 03 Jun 2025 | Hdfc Bank Limited | ₹71.86 Lakh | Open |
| 30 May 2025 | Others | ₹25 Lakh | Open |
| 28 May 2025 | Hdfc Bank Limited | ₹13.7 Lakh | Open |
Total charge records: 134 View all charges
Deals & Funding of M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited has 13 deals on record (13 secondary share transfers); the latest was in March 2017.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: VRV Enterprises Private Limited Seller: New Age Builders Pvt Ltd |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: West India Infratech Private Limited , Madahvdas Shivalomal Khurana Public Service Trust, 2 individuals Seller: Madahvdas Shivalomal Khurana Public Service Trust, Incy Cybertech Private Limited , Xmo Technologies Private Limited |
| Jul 2008 | Secondary share transfer | Undisclosed | Buyer: West India Infratech Private Limited Seller: Mukund Security & Investment Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: West India Infratech Private Limited Seller: Sarva Shakti Synthetics Limited |
Full deal history
All 13 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited has 114 court cases on record: 45 filed by M.S. Khurana Engineering, 55 filed against it, 14 where it is another party. 21 cases are pending and 93 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 68 | 38 | 12 |
| High courts | 45 | 16 | 9 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 114)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Vivekanand Projects Limited Liability Partnership | Pending |
| District court, Ahmedabad, Gujarat | Civil suit | Filed against the company by Finar Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against Enterprise Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against Enterprise Private Limited | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed against the company by Power and Instrumentation (Gujarat) Limited | Disposed |
Full case history
All 114 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 228 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arbuda Sales Corporation | •••• | •••• | •••• |
| Dhanraj Power Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Universal Sales Agency | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 15 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited has a workforce of 232 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of M.S. Khurana Engineering Limited
M.S. Khurana Engineering has 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on M.S. Khurana Engineering Limited
M.S. Khurana Engineering Limited has 25 board changes on record since 1998: 8 appointments and 17 cessations. The latest: Surabhi Agarwal was appointed as Additional Director on 19 May 2025.
268 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for M.S. Khurana Engineering Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of M.S. Khurana Engineering Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of M.S. Khurana Engineering Limited
M.S. Khurana Engineering has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCM4514F1ZY | Gujarat | Active | 01 Jul 2017 |
| 24AABCM4514F2ZX | Gujarat | Active | 30 Apr 2018 |
| 03AABCM4514F1Z2 | Punjab | Active | 01 Jul 2017 |
| 08AABCM4514F1ZS | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of M.S. Khurana Engineering Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about M.S. Khurana Engineering Limited
M.S. Khurana Engineering is an active public limited company based in Ahmedabad, Gujarat, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 09 September 1998 (28+ years old) and is registered under CIN U45201GJ1998PLC034638.
M.S. Khurana Engineering reported revenue of ₹306.96 Cr for FY 2025 (down 16% YoY).
M.S. Khurana Engineering has 7 current directors:
- Ashishbhai Sudhirbhai Khurana - Managing Director
- Nicole Ashishbhai Khurana - Whole-Time Director
- Vishal Ramesh Khurana - Whole-Time Director
- Surabhi Agarwal - Additional Director
- Vandana Srichand Hingorani - Director
- Aparna Arunkumar Mehra - Director
- Subhash Mewaldas Khurana - Director
M.S. Khurana Engineering reported a net profit of ₹16.04 Cr (net margin 5.2%) and EBITDA of ₹30.67 Cr (EBITDA margin 10%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of M.S. Khurana Engineering is -4% over three years and -11% over five years. In the latest year (FY 2025) revenue fell 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of M.S. Khurana Engineering is 24AABCM4514F1ZY, registered in Gujarat. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 24AABCM4514F2ZX (Gujarat), 03AABCM4514F1Z2 (Punjab), 08AABCM4514F1ZS (Rajasthan).
The CIN (Corporate Identification Number) of M.S. Khurana Engineering is U45201GJ1998PLC034638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M.S. Khurana Engineering has 114 court cases on record: 45 filed by the company and 55 filed against it. 21 are pending. Most are in the district courts.
M.S. Khurana Engineering was incorporated on 09 September 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
M.S. Khurana Engineering has 13 deals on record (13 secondary share transfers); the latest was in March 2017.
The peers of M.S. Khurana Engineering by revenue are Paresh Constructions and Foundations Private Limited, Hombale Constructions and Estates Private Limited, Lisha Engineers Private Limited, Tricon Infra Buildtech Private Limited, Ramkrishy Infrastructure Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Surabhi Agarwal was appointed as Additional Director on 19 May 2025. Aparna Arunkumar Mehra ceased to be Additional Director on 20 Sep 2024. Aparna Arunkumar Mehra was appointed as Director on 13 Sep 2024. M.S. Khurana Engineering has 25 board changes on record in total.