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 24 cases involving the company, including 10 filed by the company and 13 filed against it; 4 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 10 peer companies in the Metals and Minerals industry (Steel) are compared by revenue, 5 larger and 5 smaller; the largest is Kanishk Steel Industries Limited with revenue of ₹371.64 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 passiveinfra.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressKd – 87 Pitampura, Delhi, India – 110034
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Business Activity of Passive Infra Projects Private Limited
The main business activity of Passive Infra Projects is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Passive Infra Projects Private Limited FY 2025 filings available
Passive Infra Projects Private Limited reported revenue of ₹366.64 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Passive Infra Projects Private Limited
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 of Passive Infra Projects Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹25.65 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.31 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 of Passive Infra Projects Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 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 Passive Infra Projects are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Passive Infra Projects Private Limited
Passive Infra Projects Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kanishk Steel Industries Limited Listed | ₹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 |
| Devansh Infinium Private Limited | ₹370.42 Cr (FY 2025) | •••• | •••• | 672.0% | •••• | Bhavnagar, Gujarat, India |
| Sova Electrocasting Limited | ₹366.88 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| Passive Infra Projects Private Limited this company | ₹366.64 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | 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 |
Peers are the five companies nearest above and the five nearest below Passive Infra Projects by revenue in the Metals and Minerals industry (Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Passive Infra Projects Private Limited
Passive Infra Projects Private Limited is audited by Anil Kumar Bansal & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Anil Kumar Bansal & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| 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 8 Months | Current |
Ownership and Shareholding of Passive Infra Projects Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Passive Infra Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Aug 2025 | Hdfc Bank Limited | ₹83.15 Lakh | Open |
| 14 Mar 2025 | Hdfc Bank Limited | ₹16.99 Lakh | Open |
| 06 Dec 2024 | Hdfc Bank Limited | ₹11.78 Lakh | Open |
| 07 Oct 2024 | Hdfc Bank Limited | ₹2.09 Cr | Open |
| 18 May 2024 | Hdfc Bank Limited | ₹16.72 Lakh | Open |
Total charge records: 27 View all charges
Deals & Funding of Passive Infra Projects Private Limited
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.
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 |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Passive Infra Projects Private Limited
Passive Infra Projects Private Limited has 24 court cases on record: 10 filed by Passive Infra Projects, 13 filed against it, 1 where it is another party. 4 cases are pending and 20 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 6 | 4 |
| High courts | 10 | 7 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Criminal case | Filed by the company against Uttam Sucrotech International Private Limited | Pending |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Mitra Precise Forge Private Limited | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by Svaryu Energy Limited | Disposed |
| District court, North West, Delhi | Criminal case | Filed by the company against Svaryu Energy Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Svaryu Energy Limited | Disposed |
Full case history
All 24 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Passive Infra Projects Private Limited
Passive Infra Projects Private Limited has a workforce of 623 employees as of Mar 22, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Passive Infra Projects Private Limited
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.
Recent Activity on Passive Infra Projects Private Limited
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.
45 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Passive Infra Projects Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Passive Infra Projects Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Passive Infra Projects Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Passive Infra Projects Private Limited
Passive Infra Projects has 20 GST registrations: 8 active and 12 cancelled or inactive. The first 4 active GSTINs are listed below.
| 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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Passive Infra Projects Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Passive Infra Projects Private Limited
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 reported revenue of ₹366.64 Cr for FY 2025 (up 2% YoY).
Passive Infra Projects has 2 current directors:
- Vindhyavasani Prasad Pandey - Director
- Ritesh Karmakar - Director
Passive Infra Projects reported a net profit of ₹6.31 Cr (net margin 1.7%) and EBITDA of ₹25.65 Cr (EBITDA margin 7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Passive Infra Projects is 28% over three years and 16% over five years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
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 24 court cases on record: 10 filed by the company and 13 filed against it. 4 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, Devansh Infinium Private Limited, Sova Electrocasting Limited and 5 more, all in the Metals and Minerals industry (Steel).