MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-06-0002503
Passive Infra Projects Private Limited - metals and minerals in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹366.64 Cr
▲ 2% YoY
Net profit · FY 2025
₹6.31 Cr
Net margin 1.7%
EBITDA · FY 2025
₹25.65 Cr
EBITDA margin 7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.61 Cr
Issued & subscribed
Open charges
₹217.62 Cr
Satisfied ₹144.35 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
623
Provident fund records
About Passive Infra Projects Private Limited
Data last updated:
Passive Infra Projects Private Limited is a private limited company based in Delhi, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 14 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2007PTC164765. Its GSTIN is 06AAECP2809D1ZS (Haryana). The company holds 20 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.61 Cr. It is led by directors Vindhyavasani Prasad Pandey and Ritesh Karmakar.
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 Kd – 87 Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹366.64 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹6.31 Cr (net margin 1.7%) and EBITDA of ₹25.65 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 16% over five years.
The company has about 623 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹217.62 Cr and satisfied charges of ₹144.35 Cr on record. Court records list 26 cases involving the company, including 10 filed by the company and 16 filed against it; 6 cases are pending. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹26.06 Cr; the latest was in March 2024. Its 9 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 5 smaller; the largest is Kanishk Steel Industries Limited with revenue of ₹371.64 Cr.
Passive Infra Projects Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0002503). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website passiveinfra.com.
Company details
CIN U45400DL2007PTC164765
Registration Number 164765
Incorporation Date 14 June 2007
ROC Delhi
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 Medium
Udyam Registration UDYAM-DL-06-0002503
Recognitions & Rankings of Passive Infra Projects
Contact details
Passive Infra Projects Private Limited's registered office is in Delhi, Delhi. Its website is passiveinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKd – 87 Pitampura, Delhi, India – 110034
- IndustryMetals and Minerals, Steel Manufacturing & Processing
To see the full contact details of Passive Infra Projects Private Limited, buy the company report.
Comprehensive company report
Passive Infra Projects 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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Secure checkout · GST invoice included
Business activity
The main business activity of Passive Infra Projects is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Passive Infra Projects Private Limited, buy the company report.
Financials of Passive Infra Projects Private Limited
FY 2025 filings availablePassive Infra Projects Private Limited reported revenue of ₹366.64 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹366.64 Cr ▲ 2%
Net profit · FY 2025
₹6.31 Cr margin 1.7%
EBITDA · FY 2025
₹25.65 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 28%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 46%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 2% growth in the latest year. EBITDA rose 19% 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 | ₹25.65 Cr | ||||
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| Net Profit (PAT) | ₹6.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Passive Infra Projects Private Limited, buy the company report.
Board of directors of Passive Infra Projects Private Limited
Passive Infra Projects has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vindhyavasani Prasad Pandey | Director | 15 Jan 2021 | 5 Years 9 Months | Current |
| Ritesh Karmakar Also directs: Ace Electra Solutions LLP | Director | 17 Jan 2014 | 12 Years 9 Months | Current |
Peer comparison
Passive Infra Projects Private Limited is compared with the 9 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanishk Steel Industries Limited | ₹371.64 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| HK Ispat Private Limited | ₹371.06 Cr (FY 2025) | -3.0% | Godhra, Gujarat, India | |||
| P.S. Steel Tubes Private Limited | ₹370.44 Cr (FY 2025) | -16.0% | Durg, Chhattisgarh, India | |||
| Sova Electrocasting Limited | ₹366.88 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Passive Infra Projects Private Limitedthis company | ₹366.64 Cr (FY 2025) | ₹6.31 Cr | 1.7% | 2.0% | 623 | Delhi, India |
| Jaiambe Ispat Private Limited | ₹364.5 Cr (FY 2025) | 91.0% | Raipur, Chhattisgarh, India | |||
| Tarini Steel Company Private Limited | ₹364.42 Cr (FY 2025) | 4.0% | Pune, Maharashtra, India | |||
| Dwaraka Iron Industries Private Limited | ₹364.25 Cr (FY 2025) | -15.0% | Hyderabad, Telangana, India | |||
| Trimula Industries Limited | ₹363.84 Cr (FY 2025) | -22.0% | Uttar Pradesh, India | |||
| India Steel Continental Private Limited | ₹363.39 Cr (FY 2024) | -6.0% | Palhori, Himachal Pradesh, India |
To see the full peer comparison of Passive Infra Projects Private Limited, buy the company report.
Auditor
Passive Infra Projects Private Limited is audited by Anil Kumar Bansal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Anil Kumar Bansal & Associates | FY 2023 | 014453N |
Shareholding
The shareholding of Passive Infra Projects 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 Passive Infra Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹217.62 Cr
Satisfied charges
₹144.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2025 | 101160504 | Hdfc Bank Limited | ₹83.15 Lakh | Open | |
| 14 Mar 2025 | 101099989 | Hdfc Bank Limited | ₹16.99 Lakh | Open | |
| 06 Dec 2024 | 101017630 | Hdfc Bank Limited | ₹11.78 Lakh | Open | |
| 07 Oct 2024 | 101014965 | Hdfc Bank Limited | ₹2.09 Cr | Open | |
| 18 May 2024 | 100946585 | Hdfc Bank Limited | ₹16.72 Lakh | Open |
To see the full charge records of Passive Infra Projects Private Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Passive Infra Projects Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹26.06 Cr; the latest was in March 2024.
Total deals
9
Funding rounds
5
Secondary share transfers
4
Disclosed funding
₹26.06 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: JRD Builders Private Limited , 3 individuals |
| Sep 2018 | Funding round | ₹14.99 Cr | Investors: New Style Info Systems Private Limited , JRD Builders Private Limited , 2 individuals |
| Mar 2012 | Funding round | ₹1.87 Cr | Investors: Equip Tech Private Limited , Bansal Ply Wood Industries Private Limited |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Alstone Textiles (India) Limited , Cubic Commercial Resources Limited, Agromat Exports Private Limited |
| Jun 2008 | Funding round | ₹5.15 Cr | Investors: Cubic Commercial Resources Limited, Vijay Conductors (India) Private Limited , Optimum Furniture Private Limited |
To see the full deal history of Passive Infra Projects 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
Passive Infra Projects Private Limited has 26 court cases on record: 10 filed by Passive Infra Projects, 16 filed against it. 6 cases are pending and 20 are disposed.
Total cases
26
Filed by the company
10
Filed against the company
16
Pending
6
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 8 | 5 |
| High courts | 10 | 7 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Criminal case | Filed by the company against Uttam Sucrotech International Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by M/S Manlift India Pvt Ltd | Pending |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed against the company by M/S. Refex Energy Ltd. Through Its Managing Director, Mr. Anil Jain Having Registered Office at New No. 67, Bazullah Road T. Nagar, Chennai 600017 Present at Address: 202, 2Nd Floor, Centre Point Jijibhoy Lane , District: Lalbaug ,Mumbai , Maharashtra | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M.S Mitra Precise Forge Pvt.Ltd | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by Refex Energy Limited & Ors. | Disposed |
To see the full case history of Passive Infra Projects 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Passive Infra Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Passive Infra Projects has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Passive Infra Projects Private Limited has a workforce of 623 employees on its EPFO records as of Mar 22, 2024, across 2 active EPFO establishments.
Employee count
623
Active EPFO establishments
2
Employee growth
22.64%
GST
Passive Infra Projects has 20 GST registrations: 8 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
20
Active
8
Cancelled / inactive
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECP2809D1ZS | Haryana | Active | 01 Jul 2017 |
| 22AAECP2809D1ZY | Chattisgarh | Active | 01 Jul 2017 |
| 27AAECP2809D1ZO | Maharashtra | Active | 03 May 2018 |
| 08AAECP2809D2ZN | Rajasthan | Active | 11 Sep 2020 |
To see the full GST registrations and return filing status of Passive Infra Projects Private Limited, buy the company report.
Recent activity
Passive Infra Projects Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Vindhyavasani Prasad Pandey ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Others of Rs. 70.00 Cr registered on 27 Dec 2022 with Charge ID 100657216 was modified on 11 Dec 2025.
Charges
A charge with Standard Chartered Bank of Rs. 50.00 Cr registered on 20 Jul 2023 with Charge ID 100767308 was modified on 04 Dec 2025.
AGM
Passive Infra Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.83 Cr with Charge ID 101160504 was registered on 08 Aug 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 77.00 Cr registered on 27 May 2022 with Charge ID 100712463 was modified on 15 Apr 2025.
Filing
Passive Infra Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 101099989 was registered on 14 Mar 2025.
Charges
A charge with Others of Rs. 15.00 Cr registered on 08 Feb 2023 with Charge ID 100676632 was modified on 31 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 101017630 was registered on 06 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.09 Cr with Charge ID 101014965 was registered on 07 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 100946585 was registered on 18 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.34 Cr with Charge ID 100935354 was registered on 02 May 2024.
45 earlier events are in the company report.
Frequently asked questions
Passive Infra Projects is an active private limited company based in Delhi, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 14 June 2007 (19+ years old) and is registered under CIN U45400DL2007PTC164765.
Passive Infra Projects has 2 current directors:
- Vindhyavasani Prasad Pandey - Director
- Ritesh Karmakar - Director
The latest financial statements of Passive Infra Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Passive Infra Projects is 06AAECP2809D1ZS, registered in Haryana. The company has 20 GST registrations in all, of which 8 are active and 12 are cancelled or inactive. Other active GSTINs include 22AAECP2809D1ZY (Chattisgarh), 27AAECP2809D1ZO (Maharashtra), 08AAECP2809D2ZN (Rajasthan).
The CIN (Corporate Identification Number) of Passive Infra Projects is U45400DL2007PTC164765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Passive Infra Projects has 26 court cases on record: 10 filed by the company and 16 filed against it. 6 are pending. Most are in the district courts.
Passive Infra Projects was incorporated on 14 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Passive Infra Projects has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹26.06 Cr; the latest was in March 2024.
The peers of Passive Infra Projects by revenue are Kanishk Steel Industries Limited, HK Ispat Private Limited, P.S. Steel Tubes Private Limited, Sova Electrocasting Limited, Jaiambe Ispat Private Limited and 4 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Vindhyavasani Prasad Pandey ceased to be Additional Director on 29 Sep 2023. Anand Kumar Tiwari ceased to be Additional Director on 15 Nov 2021. Rajesh Agrawal ceased to be Director on 19 Feb 2021. Passive Infra Projects has 9 board changes on record in total.
Yes, Passive Infra Projects is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-06-0002503).