About N G Projects Limited
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N G Projects Limited is a public limited company based in Himatnagar, Gujarat, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 21 March 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2003PLC042152. Its GSTIN is 24AABCN8366J1Z6 (Gujarat). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Gopalsinh Narayansinh Rathod (Managing Director) and Harendrasingh Narayansingh Rathod (Managing 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 N.G.Circle Mehtapura, Himatnagar, Gujarat, India – 383001.
As per the financials filed for FY 2025, the company reported a revenue of ₹575.28 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹43.65 Cr (net margin 7.6%) and EBITDA of ₹82.39 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company has about 105 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: NG Projects. As per MCA filings, the company has open charges of ₹806.44 Cr and satisfied charges of ₹350.02 Cr on record. Court records list 72 cases involving the company, including 33 filed by the company and 39 filed against it; 12 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2022. Its 9 peer companies in the Infrastructure industry (Railway Construction, Roads and Bridges), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 5 larger and 4 smaller; the largest is Kanpur Lucknow Expressway Private Limited with revenue of ₹589.65 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 ngprojects.in.
Company details
Contact details
N G Projects Limited's registered office is in Himatnagar, Gujarat. Its website is ngprojects.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressN.G.Circle Mehtapura, Himatnagar, Gujarat, India – 383001
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of N G Projects 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
Brands
N G Projects operates one associated brand: NG Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive solutions for infrastructure development and management. | ngprojects.in |
Business activity
The main business activity of N G Projects 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 N G Projects Limited, buy the company report.
Financials of N G Projects Limited
FY 2024 filings availableN G Projects Limited reported revenue of ₹575.28 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 19% growth in the latest year. EBITDA rose 8% 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 | ₹82.39 Cr | ||||
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| Net Profit (PAT) | ₹43.65 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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| Profitability | |||||
| EBITDA Margin | 14.3% | ||||
| Net Profit Margin | 7.6% | ||||
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To see the full financial statements and ratios of N G Projects Limited, buy the company report.
Board of directors of N G Projects Limited
N G Projects has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Sevantilal Shah Also directs: San Properties Private Limited | Whole-Time Director | 08 Apr 2011 | 15 Years 6 Months | Current |
| Gopalsinh Narayansinh Rathod | Managing Director | 01 Oct 2015 | 11 Years 0 Months | Current |
| Nidhi Gyanchand Jain | Director | 08 May 2024 | 2 Years 5 Months | Current |
| Yuvrajsinh Harendrasinh Rathore Also directs: Libra Intelligence Transportation Solutions LLP | Whole-Time Director | 18 Jan 2019 | 7 Years 9 Months | Current |
| Punjabapu K Wala | Director | 07 Mar 2024 | 2 Years 7 Months | Current |
| Shaan Singh Mertiya Also directs: Bokaro Highway Private Limited, Hamirpur Highway Private Limited | Whole-Time Director | 29 Mar 2016 | 10 Years 6 Months | Current |
Peer comparison
N G Projects Limited is compared with the 9 companies closest to it by revenue in the Infrastructure industry (Railway Construction, 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 |
|---|---|---|---|---|---|---|
| Kanpur Lucknow Expressway Private Limited | ₹589.65 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Welspun Sattanathapuram Nagapattinam Road Private Limited | ₹589.02 Cr (FY 2025) | 76.0% | New Delhi, Delhi, India | |||
| Meil Chengala Roadways Private Limited | ₹582.89 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| K.C.V.R Infra Projects Private Limited | ₹581.33 Cr (FY 2024) | 101.0% | Hyderabad, Telangana, India | |||
| Radhakishan Infra Developers Private Limited | ₹578.08 Cr (FY 2024) | 27.0% | Jaipur, Rajasthan, India | |||
| N G Projects Limitedthis company | ₹575.28 Cr (FY 2025) | ₹43.65 Cr | 7.6% | 19.0% | 105 | Himatnagar, Gujarat, India |
| Haridaspur Paradip Railway Company Limited | ₹574.48 Cr (FY 2025) | 16.0% | Bhubaneswar, Odisha, India | |||
| Vijai Construction (India) Private Limited | ₹574.31 Cr (FY 2025) | 8.0% | Lucknow, Uttar Pradesh, India | |||
| NCR Eastern Peripheral Expressway Private Limited | ₹572.01 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Dineshchandra Vaishnodevi Infra Private Limited | ₹566.76 Cr (FY 2025) | 37.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of N G Projects Limited, buy the company report.
Auditor
N G Projects Limited is audited by DHARMENDRA & KHAJANCHI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMENDRA & KHAJANCHI | FY 2023 | 102472W |
Shareholding
The shareholding of N G Projects 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 N G Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101172474 | Others | ₹5 Cr | Open | |
| 09 May 2025 | 101104826 | Others | ₹10.66 Lakh | Open | |
| 07 May 2025 | 101104829 | Others | ₹9.54 Lakh | Open | |
| 28 Mar 2025 | 101113760 | Hdfc Bank Limited | ₹63.57 Lakh | Open | |
| 04 Feb 2025 | 101052667 | Others | ₹47 Lakh | Open |
To see the full charge records of N G Projects Limited, buy the company report.
Total charge records: 173 View all charges
Deals & funding
N G Projects Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
N G Projects Limited has 72 court cases on record: 33 filed by N G Projects, 39 filed against it. 12 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 28 | 10 |
| High courts | 33 | 10 | 2 |
| Supreme Court | 4 | 1 | 0 |
Cases on record (5 of 72)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Chetak Enterprises Limited Represented Through Its Auhto. Signatory | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Shamlaji Expressway Private Limited Represented Through Its Autho. Signatory | Pending |
| District court, Sabarkantha at Himmatnagar, Gujarat | Court case (EXE R) | Filed against the company by Ars Technocrats Pvt. Ltd. Through Mr Mohit Aggarwal | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Messers Chetak Enterprises Limited and 1 other | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Chetak Enterprises Ltd | Disposed |
To see the full case history of N G Projects 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 N G Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
N G Projects has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bokaro Highway Private Limited | U45309GJ2022PTC131980 | |
| Hamirpur Highway Private Limited | U45309GJ2022PTC132279 | |
| Chomu Chandwaji Tollways Private Limited | U63030RJ2016PTC055424 |
To see the full group structure of N G Projects Limited, buy the company report.
Employees & EPFO
N G Projects Limited has a workforce of 105 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
N G Projects has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCN8366J1Z6 | Gujarat | Active | 01 Jul 2017 |
| 08AABCN8366J1Z0 | Rajasthan | Active | 01 Jul 2017 |
| 20AABCN8366J1ZE | Jharkhand | Active | 01 Jul 2017 |
| 21AABCN8366J1ZC | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of N G Projects Limited, buy the company report.
Recent activity
N G Projects Limited has 16 board changes on record since 2009: 8 appointments and 8 cessations. The latest: Sujal Ashwinbhai Gandhi ceased to be Additional Director on 17 Nov 2025.
317 earlier events are in the company report.
Frequently asked questions
N G Projects is an active public limited company based in Himatnagar, Gujarat, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 21 March 2003 (23+ years old) and is registered under CIN U45201GJ2003PLC042152.
N G Projects has 8 current directors:
- Gopalsinh Narayansinh Rathod - Managing Director
- Harendrasingh Narayansingh Rathod - Managing Director
- Prakash Sevantilal Shah - Whole-Time Director
- Yuvrajsinh Harendrasinh Rathore - Whole-Time Director
- Shaan Singh Mertiya - Whole-Time Director
- Nidhi Gyanchand Jain - Director
- Punjabapu K Wala - Director
- Sujal Ashwinbhai Gandhi - Director
The latest financial statements of N G Projects 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 N G Projects is 24AABCN8366J1Z6, registered in Gujarat. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 08AABCN8366J1Z0 (Rajasthan), 20AABCN8366J1ZE (Jharkhand), 21AABCN8366J1ZC (Odisha).
The CIN (Corporate Identification Number) of N G Projects is U45201GJ2003PLC042152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
N G Projects has 72 court cases on record: 33 filed by the company and 39 filed against it. 12 are pending. Most are in the district courts.
N G Projects was incorporated on 21 March 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
N G Projects has 2 deals on record (2 secondary share transfers); the latest was in March 2022.
The peers of N G Projects by revenue are Kanpur Lucknow Expressway Private Limited, Welspun Sattanathapuram Nagapattinam Road Private Limited, Meil Chengala Roadways Private Limited, K.C.V.R Infra Projects Private Limited, Radhakishan Infra Developers Private Limited and 4 more, all in the Infrastructure industry (Railway Construction, Roads and Bridges), with the same principal business activity (roads, railways, utility projects).
Sujal Ashwinbhai Gandhi ceased to be Additional Director on 17 Nov 2025. Sujal Ashwinbhai Gandhi was appointed as Director on 01 Nov 2025. Deviyaniben Chirag Jha ceased to be Director on 08 May 2024. N G Projects has 16 board changes on record in total.
N G Projects can be reached through the website ngprojects.in. Its registered office is in Himatnagar, Gujarat, India.