MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0081021
Safal Constructions(India) Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹131.84 Cr
▲ 37% YoY
Net loss · FY 2025
₹5.33 Cr
Net margin -4%
EBITDA · FY 2025
₹27.39 Cr
EBITDA margin 20.8%
Authorised capital
₹3.85 Cr
Registered with MCA
Paid-up capital
₹45.1 Lakh
Issued & subscribed
Open charges
₹364.36 Cr
Satisfied ₹221.85 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
52
Provident fund records
About Safal Constructions(India) Private Limited
Data last updated:
Safal Constructions(India) Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70100GJ2016PTC093689. Its GSTIN is 24AAGCB8828G1ZL (Gujarat).
The company has an authorised share capital of ₹3.85 Cr and a paid-up capital of ₹45.1 Lakh. It was formerly known as Safal Construction (India) Private Limited. It is led by directors including Manish Girishbhai Shah and Rupeshbhai Balwantbhai Brahmbhatt.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹131.84 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹5.33 Cr (net margin -4%) and EBITDA of ₹27.39 Cr (EBITDA margin 20.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 41% over five years.
The company has about 52 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 1 brand: Safal Constructions. As per MCA filings, the company has open charges of ₹364.36 Cr and satisfied charges of ₹221.85 Cr on record. Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 4 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in August 2017. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 3 smaller; the largest is SLN Buildcon India Private Limited with revenue of ₹132.2 Cr.
Safal Constructions(India) Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0081021). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bsafal.com.
Company details
CIN U70100GJ2016PTC093689
Registration Number 093689
Incorporation Date 12 September 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0081021
Name history
Safal Constructions(India) has undergone 3 name changes throughout its history. The company was previously known as Safal Constructions India Private Limited, Safal Construction (India) Private Limited, and Bsafal Infraheights Private Limited. The current legal name is Safal Constructions(India) Private Limited.
| Company Name | Status |
|---|---|
| Safal Constructions(India) Private Limited | Current |
| Safal Constructions India Private Limited | Previous |
| Safal Construction (India) Private Limited | Previous |
| Bsafal Infraheights Private Limited | Previous |
Key People
Manish Girishbhai Shah Director Rupeshbhai Balwantbhai Brahmbhatt Director Anahita Rajesh Brahmbhatt Director Recognitions & Rankings of Safal Constructions(India)
Contact details
Safal Constructions(India) Private Limited's registered office is in Ahmedabad, Gujarat. Its website is bsafal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBsafal House Nr. Tej Motors B/H Mirch Masala Restaurant Off S.G. Hig, Hway, Ahmedabad, Gujarat, India – 380059
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Safal Constructions(India) Private Limited, buy the company report.
Comprehensive company report
Safal Constructions(India) Private 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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Brands
Safal Constructions(India) operates one associated brand: Safal Constructions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development of residential and commercial properties in multiple cities. | bsafal.com |
Business activity
The main business activity of Safal Constructions(India) is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Safal Constructions(India) Private Limited, buy the company report.
Financials of Safal Constructions(India) Private Limited
FY 2024 filings availableSafal Constructions(India) Private Limited reported revenue of ₹131.84 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹131.84 Cr ▲ 37%
Net loss · FY 2025
₹5.33 Cr margin -4%
EBITDA · FY 2025
₹27.39 Cr margin 20.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 1%
5 years · compounded
▲ 41%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 2%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 37% growth in the latest year. EBITDA fell 46% 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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| EBITDA | ₹27.39 Cr | ||||
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| Net Profit (PAT) | -₹5.33 Cr | ||||
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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 | 20.8% | ||||
| Net Profit Margin | -4% | ||||
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To see the full financial statements and ratios of Safal Constructions(India) Private Limited, buy the company report.
Board of directors of Safal Constructions(India) Private Limited
Safal Constructions(India) has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Girishbhai Shah Also directs: Pathrang Realty LLP, Bsa Crop Metrics Private Limited, Bsafal Renewable Energies Private Limited and 5 more | Director | 10 Oct 2017 | 9 Years 0 Months | Current |
| Rupeshbhai Balwantbhai Brahmbhatt Also directs: Safal Engineers and Realties LLP, Tabebuia Restaurant LLP, Bsafal.Kz Estate LLP and 5 more | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
| Anahita Rajesh Brahmbhatt Also directs: Carbon Cycles India LLP | Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Rajeshkumar Balwantbhai Brahmbhatt | Director | 12 Sep 2016 | 10 Years 1 Months | Current |
| Himanshu Madanmohan Patel Also directs: Bsa Crop Metrics Private Limited, Bsafal Renewable Energies Private Limited, Bsafal Gladeone Estate Private Limited and 5 more | Director | 08 Nov 2018 | 7 Years 11 Months | Current |
Peer comparison
Safal Constructions(India) Private Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SLN Buildcon India Private Limited | ₹132.2 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Floral Realcon Private Limited | ₹132.05 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India | |||
| Jai Drinks Pvt Ltd | ₹131.95 Cr (FY 2025) | 27.0% | New Delhi, Delhi, India | |||
| Safal Constructions(India) Private Limitedthis company | ₹131.84 Cr (FY 2025) | -₹5.33 Cr | -4% | 37.0% | 52 | Ahmedabad, Gujarat, India |
| Vasavi PDL Ventures Private Limited | ₹131.65 Cr (FY 2025) | 47.0% | Hyderabad, Telangana, India | |||
| Neo Genesis Infratech Private Limited | ₹131.5 Cr (FY 2025) | 63.0% | Jharsuguda, Odisha, India | |||
| Varapradha Real Estates Private Limited | ₹131.45 Cr (FY 2025) | 49.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Safal Constructions(India) Private Limited, buy the company report.
Auditor
Safal Constructions(India) Private Limited is audited by G.K. CHOKSI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.K. CHOKSI & CO. | FY 2023 | 101895W |
Shareholding
The shareholding of Safal Constructions(India) Private 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 Safal Constructions(India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹364.36 Cr
Satisfied charges
₹221.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2025 | 101192919 | Others | ₹10 Lakh | Open | |
| 29 Oct 2025 | 101192887 | Others | ₹25 Cr | Open | |
| 14 Oct 2025 | 101172455 | Others | ₹15 Cr | Open | |
| 10 May 2025 | 101102507 | Others | ₹275 Cr | Open | |
| 31 Dec 2021 | 100519801 | Others | ₹15 Cr | Open |
To see the full charge records of Safal Constructions(India) Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Safal Constructions(India) Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in August 2017.
Total deals
2
Funding rounds
2
Disclosed funding
₹1.18 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Funding round | ₹72.5 Lakh | Investors: Brahmbhatt Family Trust, 3 individuals |
| Feb 2017 | Funding round | ₹45 Lakh | Investors: Brahmbhatt Family Trust |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safal Constructions(India) Private Limited has 11 court cases on record: 6 filed by Safal Constructions(India), 5 filed against it. 4 cases are pending and 7 are disposed.
Total cases
11
Filed by the company
6
Filed against the company
5
Pending
4
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 3 |
| District courts | 1 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Antares Systems Limited and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against , Ahmedabad and 1 other | Disposed |
| High Court of Gujarat | Court case (TAXAP) | Filed against the company by The Principal Commissioner of Income Tax (Central), Ahmedabad | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Pending |
To see the full case history of Safal Constructions(India) Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Safal Constructions(India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Safal Constructions(India) has 5 subsidiary companies and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
5
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bsa Crop Metrics Private Limited | U01114GJ2020PTC112042 | |
| Bsafal Fons Manufacturing Private Limited | U36994GJ2020PTC113703 | |
| Bsafal Gladeone Estate Private Limited | U45201GJ2010PTC060566 | |
| PMBS Property Developers Private Limited | U45400GJ2020PTC112297 | |
| Bsafal Sturco Trading Private Limited | U51909GJ2020PTC113334 |
To see the full group structure of Safal Constructions(India) Private Limited, buy the company report.
Employees & EPFO
Safal Constructions(India) Private Limited has a workforce of 52 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
52
Active EPFO establishments
1
Employee growth
-10.34%
GST
Safal Constructions(India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCB8828G1ZL | Gujarat | Active | 09 Mar 2018 |
To see the full GST registrations and return filing status of Safal Constructions(India) Private Limited, buy the company report.
Recent activity
Safal Constructions(India) Private Limited has 8 board changes on record since 2016: 5 appointments and 3 cessations. The latest: Anahita Rajesh Brahmbhatt ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Others amounted to Rs. 0.10 Cr with Charge ID 101192919 was registered on 29 Oct 2025.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101192887 was registered on 29 Oct 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101172455 was registered on 14 Oct 2025.
Charges
A charge registered on 29 Mar 2023 via Charge ID 100697686 with Others was fully satisfied on 22 Aug 2025.
Charges
A charge with Others of Rs. 275.00 Cr registered on 10 May 2025 with Charge ID 101102507 was modified on 14 May 2025.
Charges
A charge with Others amounted to Rs. 275.00 Cr with Charge ID 101102507 was registered on 10 May 2025.
Charges
A charge registered on 17 Dec 2014 via Charge ID 10542407 with Axis Bank Limited was fully satisfied on 13 Dec 2024.
Charges
A charge registered on 10 May 2013 via Charge ID 10434793 with Axis Bank Limited was fully satisfied on 13 Dec 2024.
AGM
Safal Constructions(India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Anahita Rajesh Brahmbhatt ceased to be Additional Director.
Filing
Safal Constructions(India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Anahita Rajesh Brahmbhatt was appointed as Director.
20 earlier events are in the company report.
News
Frequently asked questions
Safal Constructions(India) is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 September 2016 (10+ years old) and is registered under CIN U70100GJ2016PTC093689.
Safal Constructions(India) has 5 current directors:
- Manish Girishbhai Shah - Director
- Rupeshbhai Balwantbhai Brahmbhatt - Director
- Anahita Rajesh Brahmbhatt - Director
- Rajeshkumar Balwantbhai Brahmbhatt - Director
- Himanshu Madanmohan Patel - Director
The latest financial statements of Safal Constructions(India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Safal Constructions(India) is 24AAGCB8828G1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Safal Constructions(India) is U70100GJ2016PTC093689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safal Constructions(India) has 11 court cases on record: 6 filed by the company and 5 filed against it. 4 are pending. Most are in the high courts.
Safal Constructions(India) was incorporated on 12 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Safal Constructions(India) has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.18 Cr; the latest was in August 2017.
The peers of Safal Constructions(India) by revenue are SLN Buildcon India Private Limited, Floral Realcon Private Limited, Jai Drinks Pvt Ltd, Vasavi PDL Ventures Private Limited, Neo Genesis Infratech Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Anahita Rajesh Brahmbhatt ceased to be Additional Director on 29 Sep 2024. Anahita Rajesh Brahmbhatt was appointed as Director on 01 Mar 2024. Himanshu Madanmohan Patel ceased to be Additional Director on 30 Sep 2019. Safal Constructions(India) has 8 board changes on record in total.
Yes, Safal Constructions(India) is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0081021).