About Ray Infrastructures Private Limited
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Ray Infrastructures Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 20 April 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45202GJ1999PTC035809. Its GSTIN is 24AACCR1157L1ZE (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors including Harsh Mukeshbhai Sanghani and Navabkha Mahamadkha Bloch.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.49 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹95.37 Lakh (net margin 7.6%) and EBITDA of ₹1.83 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 32% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.5 Cr and satisfied charges of ₹6 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rayinfra.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressOffice No.1118 – 1119 Fortune Business Hub, Science City Road, Ahmedabad, Gujarat, India – 380060
- IndustryEngineering, Procurement & Construction (EPC), Engineering
- 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 Ray Infrastructures Private Limited
The main business activity of Ray Infrastructures is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| 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 |
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 Ray Infrastructures Private Limited FY 2025 filings available
Ray Infrastructures Private Limited reported revenue of ₹12.49 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ray Infrastructures Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 6% growth in the latest year. EBITDA fell 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 of Ray Infrastructures Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.83 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹95.37 Lakh | •••• | •••• | •••• | •••• |
| 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 Ray Infrastructures Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.6% | •••• | •••• | •••• | •••• |
| 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 Ray Infrastructures 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 Ray Infrastructures Private Limited
Ray Infrastructures Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Project Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shrem Road Projects Private Limited | ₹13.14 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| Nitika Propmart Private Limited | ₹13.04 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Tishman Speyer India Private Limited | ₹13.01 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Mumbai, Maharashtra, India |
| Greenheart Infraprojects Private Limited | ₹12.59 Cr (FY 2025) | •••• | •••• | 84.0% | •••• | Vasai, Maharashtra, India |
| Via Projects Private Limited | ₹12.5 Cr (FY 2025) | •••• | •••• | 549.0% | •••• | New Delhi, Delhi, India |
| Ray Infrastructures Private Limited this company | ₹12.49 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Ahmedabad, Gujarat, India |
| Eau Labs Private Limited | ₹12.42 Cr (FY 2024) | •••• | •••• | 6515.0% | •••• | Mumbai, Maharashtra, India |
| KSH Projectmanagement Services Private Limited | ₹12.37 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Pune, Maharashtra, India |
| Innovative Project Management Services Private Limited | ₹12.33 Cr (FY 2025) | •••• | •••• | 103.0% | •••• | New Delhi, Delhi, India |
| Green Leap Projects Private Limited | ₹12.27 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Rak Projects Private Limited | ₹12.21 Cr (FY 2024) | •••• | •••• | -26.0% | •••• | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Ray Infrastructures by revenue in the Infrastructure industry (Project Management), 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 Ray Infrastructures Private Limited
Ray Infrastructures Private Limited is audited by Aalap Parikh & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Aalap Parikh & 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 Ray Infrastructures Private Limited
Ray Infrastructures has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harsh Mukeshbhai Sanghani | Director | 29 Aug 2024 | 2 Years 1 Months | Current |
| Navabkha Mahamadkha Bloch | Director | 04 May 2022 | 4 Years 5 Months | Current |
| Dhaval Vinodbhai Shah Also directs: Arbim Studio Private Limited, Akshar Management Private Limited | Director | 20 Apr 2023 | 3 Years 5 Months | Current |
| Noman Suleman Desai | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
Ownership and Shareholding of Ray Infrastructures 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 Ray Infrastructures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Mar 2023 | Axis Bank Limited | ₹2.75 Cr | Open |
| 21 Feb 2023 | Axis Bank Limited | ₹2.75 Cr | Open |
| 10 Jan 2014 | Punjab National Bank | ₹1.5 Cr | Satisfied |
| 01 Nov 2013 | Punjab National Bank | ₹3 Cr | Satisfied |
| 30 Oct 2013 | Punjab National Bank | ₹1.5 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Ray Infrastructures Private Limited
Ray Infrastructures Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
Full case history
All 1 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 Ray Infrastructures Private Limited
Ray Infrastructures Private Limited has a workforce of 7 employees as of Mar 28, 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 Ray Infrastructures Private Limited
Ray Infrastructures Private Limited has 12 board changes on record since 2019: 4 appointments and 8 cessations. The latest: Noman Suleman Desai was appointed as Director on 15 Nov 2024.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ray Infrastructures 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 Ray Infrastructures 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 Ray Infrastructures 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 Ray Infrastructures Private Limited
Ray Infrastructures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCR1157L1ZE | Gujarat | 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 Ray Infrastructures 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 Ray Infrastructures Private Limited
Ray Infrastructures is an active private limited company based in Ahmedabad, Gujarat, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 20 April 1999 (27+ years old) and is registered under CIN U45202GJ1999PTC035809.
Ray Infrastructures reported revenue of ₹12.49 Cr for FY 2024 (up 6% YoY).
Ray Infrastructures has 4 current directors:
- Harsh Mukeshbhai Sanghani - Director
- Navabkha Mahamadkha Bloch - Director
- Dhaval Vinodbhai Shah - Director
- Noman Suleman Desai - Director
Ray Infrastructures reported a net profit of ₹95.37 Lakh (net margin 7.6%) and EBITDA of ₹1.83 Cr (EBITDA margin 14.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ray Infrastructures is -1% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ray Infrastructures is 24AACCR1157L1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Ray Infrastructures is U45202GJ1999PTC035809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Infrastructures has 1 court case on record: 1 filed against it.
Ray Infrastructures was incorporated on 20 April 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ray Infrastructures by revenue are Shrem Road Projects Private Limited, Nitika Propmart Private Limited, Tishman Speyer India Private Limited, Greenheart Infraprojects Private Limited, Via Projects Private Limited and 5 more, all in the Infrastructure industry (Project Management).
Noman Suleman Desai was appointed as Director on 15 Nov 2024. Asmitaben Bhadresh Kumar Lakhani ceased to be Director on 30 Sep 2024. Bhadreshkumar Keshavbhai Lakhani ceased to be Director on 30 Sep 2024. Ray Infrastructures has 12 board changes on record in total.