Ray Projects Private Limited
About Ray Projects Private Limited
Data last updated:
Ray Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2009PTC191609. Its GSTIN is 27AAECR3167N1ZW (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Radhika George and Jimmy George Cherian.
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 Ray Compound Opp. Holy Trinity Church Post Iit Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.87 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹57.91 Lakh (net margin -14.9%) and EBITDA of -₹61,813 (EBITDA margin -0.2%). Revenue has declined at a compounded annual rate (CAGR) of 325% over three years and 7% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.43 Cr and satisfied charges of ₹2.24 Cr on record. Court records list 15 cases involving the company, including 2 filed by the company and 13 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressRay Compound Opp. Holy Trinity Church Post Iit Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Construction 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 Ray Projects Private Limited
The main business activity of Ray Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction 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 Projects Private Limited FY 2025 filings available
Ray Projects Private Limited reported revenue of ₹3.87 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ray Projects Private Limited
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 99% 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 Projects 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 | -₹61,813 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹57.91 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 Projects Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | •••• | •••• | •••• | •••• |
| 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 Ray 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 Ray Projects Private Limited
Ray Projects Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Longhorn Construction Private Limited | •••• | •••• | •••• | •••• | - | Saidabad, Telangana, India |
| Sea View Impex Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sahaja Works Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Amulyam Digital Media Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Tallam Shilpa Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ray Projects Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Kota Projects Limited | •••• | •••• | •••• | •••• | - | Banjara Hills, Hyd 034, Telangana, India |
| Kamla Infratech Engineering Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Alanjar Construction Private Limited | •••• | •••• | •••• | •••• | 10 | Bikramganj, Bihar, India |
| Sense Care Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Rajat Infra Developers Private Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Ray Projects by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ray Projects Private Limited
Ray Projects Private Limited is audited by Patel Senghani & Parvadiya for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Patel Senghani & Parvadiya | 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 Projects Private Limited
Ray Projects has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika George | Director | 06 Jun 2009 | 17 Years 4 Months | Current |
| Jimmy George Cherian Also directs: Benny Petrochem Industries LLP, Ray International Private Limited | Director | 06 Jul 2015 | 11 Years 3 Months | Current |
Ownership and Shareholding of Ray 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 Ray Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jul 2021 | Others | ₹50.04 Lakh | Open |
| 30 Jun 2021 | Canara Bank | ₹44 Lakh | Open |
| 18 Apr 2011 | Canara Bank | ₹2.49 Cr | Open |
| 22 Jul 2012 | Srei Equipment Finance Private Limited | ₹35 Lakh | Satisfied |
| 15 Oct 2011 | Srei Equipment Finance Private Limited | ₹19.45 Lakh | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Ray Projects Private Limited
Ray Projects Private Limited has 15 court cases on record: 2 filed by Ray Projects, 13 filed against it. 5 cases are pending and 10 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 5 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Board of Directors of Canara Bank | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Radhika George, Director of M/S Ray Projects Pvt. Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Board of Directors of Canara Bank | Disposed |
Full case history
All 15 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 Projects Private Limited
Ray Projects Private Limited has a workforce of 33 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.
Recent Activity on Ray Projects Private Limited
Ray Projects Private Limited has 6 board changes on record since 2009: 2 appointments and 4 cessations. The latest: Jimmy George Cherian ceased to be Additional Director on 30 Sep 2016.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ray 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 Ray 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 Ray 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 Ray Projects Private Limited
Ray Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECR3167N1ZW | 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 Ray 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 Ray Projects Private Limited
Ray Projects is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 April 2009 (17+ years old) and is registered under CIN U45200MH2009PTC191609.
Ray Projects reported revenue of ₹3.87 Cr for FY 2024 (up 2% YoY).
Ray Projects has 2 current directors:
- Radhika George - Director
- Jimmy George Cherian - Director
Ray Projects reported a net loss of ₹57.91 Lakh (net margin -14.9%) and EBITDA of -₹61,813 (EBITDA margin -0.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ray Projects is 325% over three years and -7% over five years. In the latest year (FY 2024) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ray Projects is 27AAECR3167N1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ray Projects is U45200MH2009PTC191609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Projects has 15 court cases on record: 2 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Ray Projects was incorporated on 11 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ray Projects by revenue are Longhorn Construction Private Limited, Sea View Impex Private Limited, Sahaja Works Private Limited, Amulyam Digital Media Private Limited, Tallam Shilpa Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Jimmy George Cherian ceased to be Additional Director on 30 Sep 2016. Jimmy George Cherian was appointed as Director on 06 Jul 2015. George Cherian ceased to be Director on 25 May 2015. Ray Projects has 6 board changes on record in total.