About Principle India Private Limited
Data last updated:
Principle India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Principle Global Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 16 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2016FTC274515. Its GSTIN is 27AAICP5274G1Z5 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Richard Howard Butterfield and Nicholas James Griffin.
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 The Capital 207B 2nd Floor G – Block C 70 Bandra Kurla Complex, Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.93 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹1.18 Cr (net margin 14.9%) and EBITDA of ₹1.44 Cr (EBITDA margin 18.2%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 7% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Principal India.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website principleindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressThe Capital 207B 2nd Floor G – Block C 70 Bandra Kurla Complex, Mumbai, Maharashtra, India – 400069
- IndustryInfrastructure and Utilities, General Infrastructure Services
- 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 Principle India Private Limited
The main business activities of Principle India are professional, scientific and technical and trade. In detail, this covers other professional, scientific and technical activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
| G | Trade | G1 | Wholesale Trading | 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 Principle India Private Limited FY 2025 filings available
Principle India Private Limited reported revenue of ₹7.93 Cr (up 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Principle India Private Limited
Revenue rose 75% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. 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 Principle India 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 | ₹1.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.18 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 Principle India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.9% | •••• | •••• | •••• | •••• |
| 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 Principle India are in the company report.
Financial statements from FY 2016
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 Principle India Private Limited
Principle India Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Infrastructure Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S.H.S. Infra Holdings Private Limited | ₹8.04 Cr (FY 2024) | •••• | •••• | 63.0% | •••• | Hyderabad, Telangana, India |
| Corrosion Cures Private Limited | ₹8.02 Cr (FY 2023) | •••• | •••• | 16.0% | •••• | Ahmedabad, Gujarat, India |
| Cube 8 Coworks Private Limited | ₹8.01 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Gurugram, Haryana, India |
| Green Grid Power ( India) Limited | ₹8 Cr (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Desirewrest International Private Limited | ₹7.98 Cr (FY 2023) | •••• | •••• | -81.0% | •••• | New Delhi, Delhi, India |
| Principle India Private Limited this company | ₹7.93 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Mumbai, Maharashtra, India |
| Aaria Infraserve Private Limited | ₹7.88 Cr (FY 2025) | •••• | •••• | 15829.0% | •••• | Hyderabad, Telangana, India |
| Sri Meenatchi Industrial and Logistics Parks Private Limited | ₹7.85 Cr (FY 2025) | •••• | •••• | 63.0% | •••• | Chennai, Tamil Nadu, India |
| Mega Nirman & Industries Limited Listed | ₹7.83 Cr (FY 2025) | •••• | •••• | 3164.0% | •••• | Delhi, India |
| Indospace SKLL Coimbatore Private Limited | ₹7.81 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Traansglobe Infrastructure Limited | ₹7.81 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Principle India by revenue in the Infrastructure industry (Infrastructure Services), 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 Principle India Private Limited
Principle India Private Limited is audited by J. A. Rajani & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J. A. Rajani & Co | 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 Principle India Private Limited
Principle India has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Richard Howard Butterfield | Director | 19 Oct 2019 | 6 Years 11 Months | Current |
| Nicholas James Griffin | Director | 17 Feb 2020 | 6 Years 7 Months | Current |
| Akbar Shekh Also directs: CBS Experts LLP, CBS Experts Solutions LLP, Wetstone Mining Private Limited and 5 more | Director | 08 Sep 2025 | 1 Years 1 Months | Current |
| Ciara Allan | Additional Director | 19 Jan 2026 | 0 Years 8 Months | Current |
| Elliot Lloyd Andrews | Additional Director | 19 Jan 2026 | 0 Years 8 Months | Current |
| Raviraj Avinash Deshmukh | Additional Director | 19 Jan 2026 | 0 Years 8 Months | Current |
Ownership and Shareholding of Principle India 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 Principle India Private Limited
Principle India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Principle India Private Limited
Principle India Private Limited has 6 MSME Form 1 returns on record between 2020 and 2024, listing 18 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Mettle Infrastructure | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Amreesh Neon Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Principle India Private Limited
Principle India operates one associated brand: Principal India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Assets are managed for clients by Principal India. | principalindia.com |
Employees and EPFO Compliance at Principle India Private Limited
Principle India Private Limited has a workforce of 5 employees as of Sep 20, 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.
Recent Activity on Principle India Private Limited
Principle India Private Limited has 15 board changes on record since 2016: 7 appointments and 8 cessations. The latest: Ciara Allan was appointed as Additional Director on 19 Jan 2026.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Principle India 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.
Subsidiaries & Group Companies of Principle India 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 Principle India Private Limited
Principle India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP5274G1Z5 | Maharashtra | Active | 01 Jul 2017 |
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 Principle India 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 Principle India Private Limited
Principle India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 16 March 2016 (10+ years old) and is registered under CIN U74900MH2016FTC274515.
Principle India reported revenue of ₹7.93 Cr for FY 2025 (up 75% YoY).
Principle India has 6 current directors:
- Richard Howard Butterfield - Director
- Nicholas James Griffin - Director
- Akbar Shekh - Director
- Ciara Allan - Additional Director
- Elliot Lloyd Andrews - Additional Director
- Raviraj Avinash Deshmukh - Additional Director
Principle India reported a net profit of ₹1.18 Cr (net margin 14.9%) and EBITDA of ₹1.44 Cr (EBITDA margin 18.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Principle India is 26% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 75%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Principle India is 27AAICP5274G1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Principle India is U74900MH2016FTC274515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Principle India was incorporated on 16 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Principle India by revenue are S.H.S. Infra Holdings Private Limited, Corrosion Cures Private Limited, Cube 8 Coworks Private Limited, Green Grid Power ( India) Limited, Desirewrest International Private Limited and 5 more, all in the Infrastructure industry (Infrastructure Services).
Ciara Allan was appointed as Additional Director on 19 Jan 2026. Elliot Lloyd Andrews was appointed as Additional Director on 19 Jan 2026. Raviraj Avinash Deshmukh was appointed as Additional Director on 19 Jan 2026. Principle India has 15 board changes on record in total.
Principle India has 6 MSME Form 1 returns on record between 2020 and 2024, listing 18 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Principle India can be reached through the website principleindia.com. Its registered office is in Mumbai, Maharashtra, India.