MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0002867
Nilshikhaa Projects Limited
Nilshikhaa Projects Limited - engineering in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.27 Cr
▲ 23% YoY
Net profit · FY 2025
₹9.64 Lakh
Net margin 0.8%
EBITDA · FY 2025
₹2.77 Cr
EBITDA margin 22.6%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹21 Cr
Issued & subscribed
Open charges
₹122.61 Cr
Satisfied ₹5 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
10
Provident fund records
About Nilshikhaa Projects Limited
Data last updated:
Nilshikhaa Projects Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 30 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74999MP2016PLC041388. Its GSTIN is 23AAFCN3576Q2ZV (Madhya Pradesh). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹21 Cr. It was formerly known as Nilshikhaa Infraa India Limited. It is led by directors including Jagdish Kumar (Managing Director) and Guru Prasanna Sahoo (Whole-Time Director).
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 R – 211 Mahalaxmi Nagar Near Bombay Hospital, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.27 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹9.64 Lakh (net margin 0.8%) and EBITDA of ₹2.77 Cr (EBITDA margin 22.6%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 36% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹122.61 Cr and satisfied charges of ₹5 Cr on record. Court records list 15 cases involving the company, including 15 filed against it; 8 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in February 2017. The company has 6 MSME Form 1 returns on record between 2019 and 2021, listing 140 overdue payments to 50 micro and small suppliers.
Nilshikhaa Projects Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0002867). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74999MP2016PLC041388
Registration Number 041388
Incorporation Date 30 August 2016
ROC Gwalior
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 Small
Udyam Registration UDYAM-MP-23-0002867
Key People
Jagdish Kumar Managing Director Guru Prasanna Sahoo Whole-Time Director Arvind Kumar Tripathi Whole-Time Director Recognitions & Rankings of Nilshikhaa Projects
Contact details
Nilshikhaa Projects Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressR – 211 Mahalaxmi Nagar Near Bombay Hospital, Indore, Madhya Pradesh, India – 452010
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Nilshikhaa Projects Limited, buy the company report.
Comprehensive company report
Nilshikhaa Projects 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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Business activity
The main business activities of Nilshikhaa Projects are construction and manufacturing. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities and electrical equipment, general purpose and special purpose machinery & equipment, transport equipment. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Nilshikhaa Projects Limited, buy the company report.
Financials of Nilshikhaa Projects Limited
FY 2025 filings availableNilshikhaa Projects Limited reported revenue of ₹12.27 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹12.27 Cr ▲ 23%
Net profit · FY 2025
₹9.64 Lakh margin 0.8%
EBITDA · FY 2025
₹2.77 Cr margin 22.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
3 years · compounded
▼ 7%
5 years · compounded
▼ 36%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 21%
5 years · compounded
▼ 28%
Revenue rose 23% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA fell 16% 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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| Total Expenses | |||||
| EBITDA | ₹2.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.64 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 22.6% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Nilshikhaa Projects Limited, buy the company report.
Board of directors of Nilshikhaa Projects Limited
Nilshikhaa Projects has 7 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Guru Prasanna Sahoo | Whole-Time Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Arvind Kumar Tripathi | Whole-Time Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Jagdish Kumar Also directs: Nilshikha Steel Structure Private Limited, Pingakchh Projects LLP | Managing Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Shivananda | Whole-Time Director | 30 Aug 2016 | 10 Years 1 Months | Current |
| Santosh Kumar Shukla Also directs: Pingakchh Projects LLP | Director | 08 Sep 2025 | 1 Years 1 Months | Current |
| Amit Kumar Sharma | Additional Director | 01 Nov 2025 | 0 Years 11 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Nilshikhaa Projects Limited is audited by GOYAL PARUL AND COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL PARUL AND COMPANY | FY 2021 | 0016750N |
Shareholding
The shareholding of Nilshikhaa Projects Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nilshikhaa Projects Limited, buy the company report.
Charges & borrowings
Open charges
₹122.61 Cr
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2021 | 100544668 | Others | ₹4.78 Cr | Open | |
| 30 Apr 2019 | 100264195 | Others | ₹64.01 Lakh | Open | |
| 15 Dec 2018 | 100230451 | Hdfc Bank Limited | ₹20.63 Lakh | Open | |
| 13 Sep 2017 | 100122479 | Yes Bank Limited | ₹88.8 Lakh | Open | |
| 10 Jan 2017 | 100072064 | Others | ₹116.1 Cr | Open |
To see the full charge records of Nilshikhaa Projects Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Nilshikhaa Projects Limited has 1 deal on record (1 rights issue); the latest was in February 2017.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Rights issue | ₹9.2 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nilshikhaa Projects Limited has 15 court cases on record: 15 filed against it. 8 cases are pending and 7 are disposed.
Total cases
15
Filed against the company
15
Pending
8
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 8 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by RBL Bank Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Riude Clouds Private Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Disposed |
To see the full case history of Nilshikhaa 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.
Credit ratings & regulatory alerts
Nilshikhaa Projects Limited was last rated by Crisil on 08 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 08 Dec 2020 |
To see the full credit ratings and regulatory alerts of Nilshikhaa Projects Limited, buy the company report.
MSME payment delays
Nilshikhaa Projects Limited has 6 MSME Form 1 returns on record between 2019 and 2021, listing 140 overdue payments to 50 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 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Swastik Wires | |||
| Ultima Switchgears Limited | |||
| Jainco Transmission Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nilshikhaa Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nilshikhaa Projects Limited has a workforce of 10 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-95.02%
GST
Nilshikhaa Projects has 5 GST registrations: 2 active and 3 cancelled or inactive.
Total GSTINs
5
Active
2
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCN3576Q2ZV | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAFCN3576Q1ZO | Maharashtra | Active | 03 Sep 2018 |
To see the full GST registrations and return filing status of Nilshikhaa Projects Limited, buy the company report.
Recent activity
Nilshikhaa Projects Limited has 19 board changes on record since 2016: 7 appointments and 12 cessations. The latest: Amit Kumar Sharma was appointed as Additional Director on 01 Nov 2025.
Appointed
Amit Kumar Sharma was appointed as Additional Director.
AGM
Nilshikhaa Projects Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Jay Vardhan Thakur was appointed as Director.
Appointed
Santosh Kumar Shukla was appointed as Director.
Filing
Nilshikhaa Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Others amounted to Rs. 4.78 Cr with Charge ID 100544668 was registered on 18 Dec 2021.
Ceased
Mukesh Vyas ceased to be Director.
Ceased
Guru Prasanna Sahoo ceased to be Whole-Time Director.
Ceased
Omachyutam Singh Chauhan ceased to be Director.
Charges
A charge registered on 22 Dec 2018 via Charge ID 100236428 with Hdfc Bank Limited was fully satisfied on 19 Jan 2021.
Ceased
Jagdish Kumar ceased to be Whole-Time Director.
Charges
A charge with Others of Rs. 116.10 Cr registered on 10 Jan 2017 with Charge ID 100072064 was modified on 31 Oct 2020.
19 earlier events are in the company report.
Frequently asked questions
Nilshikhaa Projects is an active public limited company based in Indore, Madhya Pradesh, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 30 August 2016 (10+ years old) and is registered under CIN U74999MP2016PLC041388.
Nilshikhaa Projects has 7 current directors:
- Jagdish Kumar - Managing Director
- Guru Prasanna Sahoo - Whole-Time Director
- Arvind Kumar Tripathi - Whole-Time Director
- Shivananda - Whole-Time Director
- Santosh Kumar Shukla - Director
- Amit Kumar Sharma - Additional Director
- Jay Vardhan Thakur - Director
The latest financial statements of Nilshikhaa 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 FY 2017 are in the company report.
The GSTIN of Nilshikhaa Projects is 23AAFCN3576Q2ZV, registered in Madhya Pradesh. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAFCN3576Q1ZO (Maharashtra).
The CIN (Corporate Identification Number) of Nilshikhaa Projects is U74999MP2016PLC041388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nilshikhaa Projects has 15 court cases on record: 15 filed against it. 8 are pending. Most are in the district courts.
Nilshikhaa Projects was incorporated on 30 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Gwalior.
Nilshikhaa Projects has 1 deal on record (1 rights issue); the latest was in February 2017.
Amit Kumar Sharma was appointed as Additional Director on 01 Nov 2025. Jay Vardhan Thakur was appointed as Director on 08 Sep 2025. Santosh Kumar Shukla was appointed as Director on 08 Sep 2025. Nilshikhaa Projects has 19 board changes on record in total.
Yes, Nilshikhaa Projects is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0002867).
Nilshikhaa Projects has 6 MSME Form 1 returns on record between 2019 and 2021, listing 140 overdue payments to 50 micro and small suppliers. The latest return was filed on 29 Jun 2021.