Shivam Condev Private Limited
About Shivam Condev Private Limited
Data last updated:
Shivam Condev Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 31 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45201OR2013PTC016934. Its GSTIN is 21AATCS1852Q1ZQ (Odisha). The company holds 14 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.92 Cr. It is led by directors Sourab Agarwal (Managing Director) and Ankush Agarwal.
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 Ou – 522 5th Floor Esplanade Commercial Development Unit No. 32 721 Rasulgarh, Bhubaneswar, Odisha, India – 751010.
As per the financials filed for FY 2025, the company reported a revenue of ₹988.22 Cr. For the same year it recorded a net profit of ₹61.44 Cr (net margin 6.2%) and EBITDA of ₹81.04 Cr (EBITDA margin 8.2%).
The company has about 408 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹392.61 Cr and satisfied charges of ₹109.06 Cr on record. Court records list 138 cases involving the company, including 64 filed by the company and 74 filed against it; 39 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.98 Cr; the latest was in March 2019. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 3 smaller; the largest is Thakur Infra Projects Private Limited with revenue of ₹1,009.55 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shivam Condev Private Limited's registered office is in Bhubaneswar, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressOu – 522 5th Floor Esplanade Commercial Development Unit No. 32 721 Rasulgarh, Bhubaneswar, Odisha, India – 751010
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Shivam Condev 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
Business activity
The main business activity of Shivam Condev 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 Shivam Condev Private Limited, buy the company report.
Financials of Shivam Condev Private Limited
FY 2025 filings availableShivam Condev Private Limited reported revenue of ₹988.22 Cr for FY 2025.
Financial Statement Summary
| 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 | ₹988.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹81.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.44 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
| Total Liabilities | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 8.2% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Shivam Condev Private Limited, buy the company report.
Board of directors of Shivam Condev Private Limited
Shivam Condev has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankush Agarwal Also directs: Hempcann Solutions Private Limited, Anil Contractors Private Limited, Balbhadra Developers Private Limited and 4 more | Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Sourab Agarwal Also directs: Curious Cheese Private Limited, Hempcann Solutions Private Limited, Vedi Herbals Private Limited and 5 more | Managing Director | 31 May 2013 | 13 Years 5 Months | Current |
Peer comparison
Shivam Condev Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), 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 |
|---|---|---|---|---|---|---|
| Thakur Infra Projects Private Limited | ₹1,009.55 Cr (FY 2025) | 6.0% | Panvel, Maharashtra, India | |||
| Dee Vee Projects Limited | ₹1,002.43 Cr (FY 2024) | 1.0% | Korba, Chhattisgarh, India | |||
| Jhajharia Nirman Limited | ₹993.97 Cr (FY 2024) | 37.0% | New Delhi, Delhi, India | |||
| Shivam Condev Private Limitedthis company | ₹988.22 Cr (FY 2025) | ₹61.44 Cr | 6.2% | 408 | Bhubaneswar, Odisha, India | |
| Sri SCL Infratech Limited | ₹983.04 Cr (FY 2024) | 30.0% | Hyderabad, Telangana, India | |||
| Shreeji Infrastructure India Private Limited | ₹949.59 Cr (FY 2025) | 57.0% | Raipur, Chhattisgarh, India | |||
| Vasishta Constructions Private Limited | ₹947.24 Cr (FY 2024) | 77.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Shivam Condev Private Limited, buy the company report.
Auditor
Shivam Condev Private Limited is audited by R K DAS & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K DAS & Associates | FY 2025 | 317149E |
Shareholding
The shareholding of Shivam Condev Private Limited 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shivam Condev Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2026 | 101369530 | Others | ₹1.38 Cr | Open | |
| 11 Jul 2026 | 101341786 | Others | ₹28.39 Lakh | Open | |
| 18 Jun 2026 | 101323148 | Others | ₹8.94 Cr | Open | |
| 11 Jun 2026 | 101317843 | Others | ₹1.18 Cr | Open | |
| 11 Jun 2026 | 101317832 | Others | ₹11.2 Lakh | Open |
To see the full charge records of Shivam Condev Private Limited, buy the company report.
Total charge records: 243 View all charges
Deals & funding
Shivam Condev Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.98 Cr; the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Urvi Udyog Pvt Ltd Seller: an individual |
| Dec 2017 | Funding round | ₹10.07 Cr | Investors: Sahebramka Projects Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Funding round | ₹90.5 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shivam Condev Private Limited has 138 court cases on record: 64 filed by Shivam Condev, 74 filed against it. 39 cases are pending and 99 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 70 | 66 | 33 |
| High courts | 68 | 8 | 6 |
Cases on record (5 of 138)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Arbitration matter | Filed against the company by M/S. BSR Infratech India Ltd. | Pending |
| High Court of Orissa | Writ petition | Filed by the company against Odisha Construction Corporation Ltd.,Bbsr | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against Odisha Construction Corporation Ltd. BBSR and 3 others | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against National Highways and Infrastructure Development Corporation Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against National Highways and Infrastructure Development Corporation Ltd | Disposed |
To see the full case history of Shivam Condev 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
Shivam Condev Private Limited was last rated by Crisil on 27 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Sep 2021 |
To see the full credit ratings and regulatory alerts of Shivam Condev Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shivam Condev Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shivam Condev Private Limited has a workforce of 408 employees on its EPFO records as of Feb 25, 2026, across 1 active EPFO establishment.
GST
Shivam Condev has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AATCS1852Q1ZQ | Odisha | Active | 01 Jul 2017 |
| 08AATCS1852Q1ZE | Rajasthan | Active | 01 Jul 2017 |
| 37AATCS1852Q1ZD | Andhra Pradesh | Active | 01 Jul 2017 |
| 09AATCS1852Q1ZC | Uttar Pradesh | Active | 19 Sep 2019 |
To see the full GST registrations and return filing status of Shivam Condev Private Limited, buy the company report.
Recent activity
Shivam Condev Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Ankush Agarwal was appointed as Director on 28 Mar 2019.
315 earlier events are in the company report.
Frequently asked questions
Shivam Condev is an active private limited company based in Bhubaneswar, Odisha, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 31 May 2013 (13+ years old) and is registered under CIN U45201OR2013PTC016934.
Shivam Condev has 2 current directors:
- Sourab Agarwal - Managing Director
- Ankush Agarwal - Director
The latest financial statements of Shivam Condev on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shivam Condev is 21AATCS1852Q1ZQ, registered in Odisha. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 08AATCS1852Q1ZE (Rajasthan), 37AATCS1852Q1ZD (Andhra Pradesh), 09AATCS1852Q1ZC (Uttar Pradesh).
The CIN (Corporate Identification Number) of Shivam Condev is U45201OR2013PTC016934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivam Condev has 138 court cases on record: 64 filed by the company and 74 filed against it. 39 are pending. Most are in the district courts.
Shivam Condev was incorporated on 31 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Cuttack.
Shivam Condev has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹10.98 Cr; the latest was in March 2019.
The peers of Shivam Condev by revenue are Thakur Infra Projects Private Limited, Dee Vee Projects Limited, Jhajharia Nirman Limited, Sri SCL Infratech Limited, Shreeji Infrastructure India Private Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Ankush Agarwal was appointed as Director on 28 Mar 2019. Shiv Kumar Singla ceased to be Managing Director on 30 Dec 2017. Sourab Agarwal was appointed as Managing Director on 31 May 2013.
The registered office of Shivam Condev is at Ou – 522 5th Floor Esplanade Commercial Development Unit No. 32 721 Rasulgarh, Bhubaneswar, Odisha, India – 751010.
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