Saipem India Projects Private Limited - Company Profile

It is a engineering private limited company based in Chennai, Tamil Nadu, India, established in 2001.

2001 Chennai, Tamil Nadu, India Active

Last Updated: January 05, 2026

About Saipem India Projects Private Limited

Saipem India Projects Private Limited, a active private limited company, was established on 28 March 2001 in Chennai, Tamil Nadu, India. Engaging in engineering within the professional, scientific and technical sector, it holds CIN: U28999TN2001PTC046866. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹56.00 Cr and a paid-up capital of ₹52.69 Cr.

Formerly known as Saipem India Project Services Limited, Saipem India Projects Limited. It upholds a compliant status. Employing 2,096 professional, Its leadership includes Edgar Van Stijn (Whole-Time Director), Stefano Villa (Managing Director), Claudia Stocco (Director). Past directors included Milind Vasant Rao Baride, Parthasarathy Ramaswamy, Mauro Giovannetti. It holds no open charges and ₹1.50 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Millenia Business Park,Phase Ii, Campus 3A , 143, Dr M.G.R Road, Kandhanchavadi, Peru, Ngudi,, Chennai, Tamil Nadu, 600096.

Company Details

CIN/LLPIN
U28999TN2001PTC046866
Registration Number
046866
Incorporation Date
28 March 2001
Authorized Capital
₹56.00 Cr
Paid-Up Capital
₹52.69 Cr
ROC Code
Roc Chennai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 56.00 Cr as on 05-01-2026
Paid Up Capital ₹ 52.69 Cr as on 05-01-2026
Company Age 24 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 1.50 Cr as on 05-01-2026
Revenue Growth **** -9.94% (FY 2023)
Profit Growth **** -46.36% (FY 2023)
Ebitda **** -37.33% (FY 2023)
Net Worth 16.73% (FY 2023)
Total Assets -13.09% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Saipem India Projects Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Saipem India Projects Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Edgar Van Stijn	Whole-Time Director	13 Oct 2023	Current
Stefano Villa	Managing Director	08 Mar 2024	Current
Claudia Stocco	Director	17 Jun 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	28 Feb 2010	Past
Pramod Abcsdd	Whole-Time Director	10 Sep 2014	Past
Pramod Abcsdd	Director	19 Mar 2019	Past
Pramod Abcsdd	Additional Director	19 Mar 2019	Past
Pramod Abcsdd	Additional Director	23 Sep 2019	Past
Pramod Abcsdd	Additional Director	22 Sep 2008	Past

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Financial Performance of Saipem India Projects.

Saipem India Projects Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 9.94% decrease. The company also saw a substantial fall in profitability, with a 46.36% decrease in profit. The company's net worth Soared by an impressive increase of 16.73%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-9.94%

*******

Revenue from Operations

*******

-12.57%

*******

Total Assets

*******

-13.09%

*******

Profit or Loss

*******

-46.36%

*******

Net Worth

*******

16.73%

*******

EBITDA

*******

-37.33%

*******

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What is the Ownership and Shareholding Structure of Saipem India Projects?

In 2023, Saipem India Projects had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹15,000,000.00

Charges Breakdown by Lending Institutions

Canara Bank : 1.50 Cr

Latest Charge Details

Date	Lender	Amount	Status
15 Jul 2002	Canara Bank	₹1.50 Cr	Satisfied

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How Many Employees Work at Saipem India Projects?

Saipem India Projects has a workforce of 2096 employees as of May 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Saipem India Projects, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Saipem India Projects's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Saipem India Projects

Recent Activity within the Organization

Annual General Meeting

Saipem India Projects Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was recorded as a recent event.
26 Sep 2025
Balance Sheet

Progress on Saipem India Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai. was documented.
31 Mar 2025
Director Appointment

Progress on Claudia Stocco was appointed as a Director was appointed as a Director on 17 Jun 2024 & has been associated with this company since 1 year 8 months . was documented.
17 Jun 2024
Director Appointment

The activity Stefano Villa was appointed as a Managing Director was appointed as a Managing Director on 08 Mar 2024 & has been associated with this company since 1 year 11 months . was completed.
08 Mar 2024
Director Appointment

Progress on Edgar Van Stijn was appointed as a Whole-time director was appointed as a Whole-time director on 13 Oct 2023 & has been associated with this company since 2 years 4 months . was documented.
13 Oct 2023
Director Appointment

The activity Kozhalmannam Parameswaran Ramaswamy was appointed as a Company Secretary was appointed as a Company Secretary on 07 Sep 2015 & has been associated with this company since 10 years 5 months . was completed.
07 Sep 2015

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