Fortune India 500 2025 edition
Rank#162- Total income
- ₹17,571 Cr
- Profit
- ₹-717 Cr
Last year #138
Tata Projects Limited - infrastructure and utilities in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16,487 Cr
▼ 3% YoY
Net loss · FY 2025
₹696.57 Cr
Net margin -4.2%
EBITDA · FY 2025
₹125.44 Cr
EBITDA margin 0.8%
Authorised capital
₹300 Cr
Registered with MCA
Paid-up capital
₹174.64 Cr
Issued & subscribed
Open charges
₹19,146 Cr
Satisfied ₹12,114 Cr
Company age
47 yrs
Est. 1979
Employees · EPFO
20,808
Provident fund records
About Tata Projects Limited
Data last updated:
Tata Projects Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 20 February 1979 and has been in existence for over 47 years.
Tata Projects is ranked #162 on the Fortune India 500 (2025).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH1979PLC454032. Its GSTIN is 27AAACT4119L1Z8 (Maharashtra). The company holds 36 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹300 Cr and a paid-up capital of ₹174.64 Cr. It is led by directors including Vinayak Ratnakar Pai (Managing Director) and Sanjeev Churiwala.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16,487 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹696.57 Cr (net margin -4.2%) and EBITDA of ₹125.44 Cr (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company has about 20,808 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Tata Projects. As per MCA filings, the company has open charges of ₹19,146 Cr and satisfied charges of ₹12,114 Cr on record. Court records list 772 cases involving the company, including 347 filed by the company and 426 filed against it; 182 cases are pending. The company has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 debt financing), with disclosed funding of ₹101.25 Cr; the latest was in April 2023. The company has 162 MSME Form 1 returns on record between 2010 and 2023, listing 34,460 overdue payments to 4,011 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 tataprojects.com.
Company Details of Tata Projects Limited
CIN U45203MH1979PLC454032
Registration Number 454032
Incorporation Date 20 February 1979
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN History
Tata Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45203MH1979PLC454032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH1979PLC454032 | Current |
| U45203AP1979PLC057431 | Previous |
| U45203TG1979PLC057431 | Previous |
Key People
Vinayak Ratnakar Pai Managing Director Sanjeev Churiwala Director Sanjay Vijay Bhandarkar Director Recognitions & Rankings of Tata Projects
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressCorporate Centre 3rd Floor Building Block B, 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryInfrastructure and Utilities, General Infrastructure Services
Comprehensive company report
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- 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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Associated Brands
Tata Projects operates one associated brand: Tata Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive infrastructure development services for hotels, hospitals, oil and gas, and other sectors. | tataprojects.com |
Business Activity
The main business activity of Tata Projects is construction. In detail, this covers buildings, roads, railways, utility projects and demolition & site preparation, electrical, plumbing & other specialized construction activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Tata Projects Limited
FY 2025 filings availableTata Projects Limited reported revenue of ₹16,487 Cr (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹16,487 Cr ▼ 3%
Net loss · FY 2025
₹696.57 Cr margin -4.2%
EBITDA · FY 2025
₹125.44 Cr margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 8%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 80%
5 years · compounded
▼ 31%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 80% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹16,487 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹125.44 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹696.57 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.8% | |
| Net Profit Margin | -4.2% | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Tata Projects are in the company report.
: available in the company report
Board of Directors of Tata Projects Limited
Tata Projects has 6 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinayak Ratnakar Pai Also directs: Artson Limited, TQ Cert Services Private Limited | Managing Director | 12 May 2022 | 4 Years 5 Months | Current |
| Sanjeev Churiwala Also directs: TP Solar Limited, TP Saurya Limited, Prayagraj Power Generation Company Limited and 2 more | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
| Sanjay Vijay Bhandarkar Also directs: Tata Consultancy Services Limited, Chemplast Sanmar Limited, The Tata Power Company Limited and 3 more | Director | 09 Mar 2021 | 5 Years 7 Months | Current |
| Nishi Vasudeva Also directs: TP Solar Limited, The Tata Power Company Limited, Tata Power Renewable Energy Limited and 4 more | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Thattayampatti Ramaswamy Rangarajan | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Praveer Sinha Also directs: The Tata Power Company Limited, Tata Power Renewable Energy Limited, Tata Power Delhi Distribution Limited and 5 more | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
Auditor Details
Tata Projects Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
₹19,146 Cr
Satisfied charges
₹12,114 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2017 | Others | ₹423 Cr | Open |
| 19 Jul 1993 | Sbicap Trustee Company Limited | ₹18,723 Cr | Open |
| 20 Feb 2019 | State Bank of India | ₹6,488 Cr | Satisfied |
| 21 Feb 2015 | State Bank of Hyderabad | ₹1,846.58 Cr | Satisfied |
| 02 Jan 2015 | State Bank of India | ₹850 Cr | Satisfied |
Total charge records: 45 View all charges
Deals & Funding
Tata Projects Limited has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 debt financing), with disclosed funding of ₹101.25 Cr; the latest was in April 2023.
Total deals
8
Secondary share transfers
4
Rights issues
2
Debt financing
1
Funding round
1
Disclosed funding
₹101.25 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Rights issue | ₹1,500 Cr | Investors: Tata Sons Private Limited |
| Mar 2022 | Rights issue | ₹1,199.86 Cr | Investors: The Tata Power Company Limited , Tata Sons Private Limited , Tata Chemicals Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Tata Opportunities Fund, Tata Capital Limited Seller: Tata Steel Limited , Tata Motors Limited, Tata International Limited |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: Tata Steel Limited Seller: TRF Limited. |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: TRF Limited. Seller: Kalimati Investment Company Ltd |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Tata Projects Limited has 772 court cases on record: 347 filed by Tata Projects, 426 filed against it. 182 cases are pending and 590 are disposed.
Total cases
772
Filed by the company
347
Filed against the company
426
Pending
182
Disposed
590
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 469 | 183 | 99 |
| District courts | 249 | 194 | 70 |
| Supreme Court | 28 | 25 | 7 |
| NCLT | 18 | 16 | 0 |
| NCLAT | 8 | 8 | 6 |
Cases on record (5 of 772)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Arbitration matter | Filed against the company by Suryodaya Infra Projects (I) Private Limited | Pending |
| High Court for State of Telangana | Arbitration matter | Filed against the company by Redington Limited | Pending |
| High Court for State of Telangana | Arbitration matter | Filed against the company by M/S. Eco Protection Engineers Pvt. Ltd | Pending |
| High Court for State of Telangana | Arbitration matter | Filed against the company by M/S Nutech Contracts Pvt. Ltd., | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COS) | Filed against the company by M/S. Ceasefire Industries Pvt Ltd. Rep. by Lingraj Nanda. | Pending |
: available in 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
Tata Projects Limited has 162 MSME Form 1 returns on record between 2010 and 2023, listing 34,460 overdue payments to 4,011 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 4,011)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Earth Pavers (Hyderabad) Private Limited | •••• | •••• | •••• |
| Suyog Elements India Limited | •••• | •••• | •••• |
| Kaneria Building Solutions Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Tisarah Infrastructure Private Limited | •••• | •••• | •••• |
: available in the company report
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
Tata Projects Limited has a workforce of 20,808 employees as of Oct 08, 2025.
Employee count
20,808
Active EPFO establishments
1
Employee growth
-40.18%
: available in the company report
Group Structure
Tata Projects has 5 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
5
Subsidiary companies
2
Associated companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Artson Engineering Limited | L27290MH1978PLC020644 | Locked |
| Ujjwal Pune Limited | U45200TG2013PLC088608 | Locked |
| Tp Luminaire Private Limited | U45309TG2018PTC128877 | Locked |
| Tq Cert Services Private Limited | U74220TG2003PTC040523 | Locked |
| Tpl Service Private Limited | U82990MH2023PTC405471 | Locked |
Showing major subsidiaries. Total: 5.
Recent Activity
Tata Projects Limited has 35 board changes on record since 2007: 6 appointments and 29 cessations. The latest: Sanjeev Churiwala was appointed as Director on 01 Jul 2024.
Charges
A charge registered on 12 Sep 1989 via Charge ID 90162307 with Export Import Bank Of India was fully satisfied on 01 Dec 2025.
AGM
Tata Projects Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge registered on 05 Oct 1982 via Charge ID 90161682 with Grindlays Bank was fully satisfied on 14 Jul 2025.
Filing
Tata Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Sanjeev Churiwala was appointed as Director.
Ceased
Thattayampatti Ramaswamy Rangarajan ceased to be Additional Director.
Appointed
Praveer Sinha was appointed as Director.
Appointed
Thattayampatti Ramaswamy Rangarajan was appointed as Director.
Ceased
Nishi Vasudeva ceased to be Additional Director.
Appointed
Nishi Vasudeva was appointed as Director.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 18,723.25 Cr registered on 19 Jul 1993 with Charge ID 80002233 was modified on 11 Oct 2022.
Ceased
Mandot Ritesh Kantilal ceased to be Additional Director.
129 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Tata Projects has 36 GST registrations: 28 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
36
Active
28
Cancelled / inactive
8
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4119L1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT4119L2Z7 | Maharashtra | Active | 16 Jul 2017 |
| 02AAACT4119L2ZJ | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACT4119L1ZI | Punjab | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Tata Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 20 February 1979 (47+ years old) and is registered under CIN U45203MH1979PLC454032.
Tata Projects has 6 current directors:
- Vinayak Ratnakar Pai - Managing Director
- Sanjeev Churiwala - Director
- Sanjay Vijay Bhandarkar - Director
- Nishi Vasudeva - Director
- Thattayampatti Ramaswamy Rangarajan - Director
- Praveer Sinha - Director
The latest financial statements of Tata Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Projects is 27AAACT4119L1Z8, registered in Maharashtra. The company has 36 GST registrations in all, of which 28 are active and 8 are cancelled or inactive. Other active GSTINs include 27AAACT4119L2Z7 (Maharashtra), 02AAACT4119L2ZJ (Himachal Pradesh), 03AAACT4119L1ZI (Punjab).
The CIN (Corporate Identification Number) of Tata Projects is U45203MH1979PLC454032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tata Projects has 772 court cases on record: 347 filed by the company and 426 filed against it. 182 are pending. Most are in the high courts.
Tata Projects was incorporated on 20 February 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
Tata Projects has 8 deals on record (4 secondary share transfers, 2 rights issues, 1 debt financing), with disclosed funding of ₹101.25 Cr; the latest was in April 2023.
Sanjeev Churiwala was appointed as Director on 01 Jul 2024. Thattayampatti Ramaswamy Rangarajan ceased to be Additional Director on 26 Jun 2023. Praveer Sinha was appointed as Director on 29 Mar 2023. Tata Projects has 35 board changes on record in total.
Tata Projects has 162 MSME Form 1 returns on record between 2010 and 2023, listing 34,460 overdue payments to 4,011 micro and small suppliers. The latest return was filed on 22 Jan 2024.
Tata Projects can be reached through the website tataprojects.com. Its registered office is in Mumbai, Maharashtra, India.