Fortune MNC 500 India 2026 edition
Rank#407- Total income
- ₹666 Cr
- Profit
- ₹33 Cr
Last year #390
Saipem India Projects Private Limited - engineering in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹1,065.53 Cr
▲ 21% YoY
Net profit · FY 2026
₹41.29 Cr
Net margin 3.9%
EBITDA · FY 2026
₹124.34 Cr
EBITDA margin 11.7%
Authorised capital
₹56 Cr
Registered with MCA
Paid-up capital
₹52.69 Cr
Issued & subscribed
Satisfied charges
₹1.5 Cr
No open charges
Company age
25 yrs
Est. 2001
Employees · EPFO
2,096
Provident fund records
About Saipem India Projects Private Limited
Data last updated:
Saipem India Projects Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Saipem Sa. It operates in the engineering sector. It was incorporated on 28 March 2001 and has been in existence for over 25 years.
Saipem India Projects is ranked #407 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U28999TN2001PTC046866. Its GSTIN is 33AAACI7915F1ZT (Tamil Nadu). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹56 Cr and a paid-up capital of ₹52.69 Cr. It was formerly known as Saipem India Project Services Limited and Saipem India Projects Limited. It is led by directors including Stefano Villa (Managing Director) and Edgar Van Stijn (Whole-Time Director).
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 Millenia Business Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,065.53 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹41.29 Cr (net margin 3.9%) and EBITDA of ₹124.34 Cr (EBITDA margin 11.7%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company has about 2,096 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Saipem. As per MCA filings, the company has satisfied charges of ₹1.5 Cr on record. Court records list 43 cases involving the company, including 18 filed by the company and 25 filed against it; 11 cases are pending. The company has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in September 2015. The company has 2 MSME Form 1 returns on record between 2020 and 2024, listing 13 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website saipem.com.
Company details
CIN U28999TN2001PTC046866
Registration Number 046866
Incorporation Date 28 March 2001
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Saipem Sa
Compliance Status Active Compliant
Name history
Saipem India Projects has undergone 3 name changes throughout its history. The company was previously known as Saipem India Project Services Limited, Saipem India Projects Limited, and International Development Process And Engineering Limited. The current legal name is Saipem India Projects Private Limited.
| Company Name | Status |
|---|---|
| Saipem India Projects Private Limited | Current |
| Saipem India Project Services Limited | Previous |
| Saipem India Projects Limited | Previous |
| International Development Process And Engineering Limited | Previous |
CIN history
Saipem India Projects has one previous CIN (Corporate Identification Number): U28999TN2001PLC046866. The current CIN is U28999TN2001PTC046866, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28999TN2001PTC046866 | Current |
| U28999TN2001PLC046866 | Previous |
Key People
Stefano Villa Managing Director Edgar Van Stijn Whole-Time Director Claudia Stocco Director Recognitions & Rankings of Saipem India Projects
Contact details
Saipem India Projects Private Limited's registered office is in Chennai, Tamil Nadu. Its website is saipem.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMillenia Business Park Phase II Campus 3A 143 Dr M.G.R Road Kandhanchavadi Peru, Ngudi, Chennai, Tamil Nadu, India – 600096
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Saipem India Projects Private Limited, buy the company report.
Comprehensive company report
Saipem India Projects 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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Secure checkout · GST invoice included
Brands
Saipem India Projects operates one associated brand: Saipem. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Integrated service provider to the oil and gas industry | saipem.com |
Business activity
The main business activity of Saipem India Projects is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Saipem India Projects Private Limited, buy the company report.
Financials of Saipem India Projects Private Limited
FY 2025 filings availableSaipem India Projects Private Limited reported revenue of ₹1,065.53 Cr (up 21% YoY) for FY 2026.
Revenue · FY 2026
₹1,065.53 Cr ▲ 21%
Net profit · FY 2026
₹41.29 Cr margin 3.9%
EBITDA · FY 2026
₹124.34 Cr margin 11.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 22%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 7%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 21% growth in the latest year. EBITDA rose 9% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | |||||
| EBITDA | ₹124.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹41.29 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | ||||
| Net Profit Margin | 3.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Saipem India Projects Private Limited, buy the company report.
Board of directors of Saipem India Projects Private Limited
Saipem India Projects has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Edgar Van Stijn | Whole-Time Director | 13 Oct 2023 | 3 Years 0 Months | Current |
| Stefano Villa | Managing Director | 08 Mar 2024 | 2 Years 7 Months | Current |
| Claudia Stocco | Director | 17 Jun 2024 | 2 Years 4 Months | Current |
Auditor
Saipem India Projects Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Saipem India Projects Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saipem India Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2002 | 90294903 | Canara Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Saipem India Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Saipem India Projects Private Limited has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in September 2015.
Total deals
9
Secondary share transfers
7
Rights issues
2
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: Saipem Sa Seller: an individual |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2008 | Rights issue | ₹36 Cr | Investors: Saipem Sa |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: Saipem Sa, 2 individuals Seller: International Development and Engineerin G Associates Limited , 2 individuals |
To see the full deal history of Saipem India Projects Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saipem India Projects Private Limited has 43 court cases on record: 18 filed by Saipem India Projects, 25 filed against it. 11 cases are pending and 32 are disposed.
Total cases
43
Filed by the company
18
Filed against the company
25
Pending
11
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 42 | 24 | 11 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner (St) Data Analytics Unit | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Assistant Commissioner (St) Data Analytics Unit | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Deputy Commissioner of | Pending |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Court case (TCA) | Filed against the company by Principal Commissioner of Income Tax | Disposed |
To see the full case history of Saipem India Projects 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
Saipem India Projects Private Limited has 2 MSME Form 1 returns on record between 2020 and 2024, listing 13 overdue payments to 6 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 6)
To see the full MSME payment records of Saipem India Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Saipem India Projects Private Limited has a workforce of 2,096 employees on its EPFO records as of May 05, 2024, across 1 active EPFO establishment.
Employee count
2,096
Active EPFO establishments
1
Employee growth
2.19%
GST
Saipem India Projects has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACI7915F1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 27AAACI7915F2ZL | Maharashtra | Active | 30 Jul 2021 |
To see the full GST registrations and return filing status of Saipem India Projects Private Limited, buy the company report.
Recent activity
Saipem India Projects Private Limited has 25 board changes on record since 2007: 3 appointments and 22 cessations. The latest: Claudia Stocco ceased to be Additional Director on 29 Sep 2024.
AGM
Saipem India Projects Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Saipem India Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Claudia Stocco ceased to be Additional Director.
Appointed
Claudia Stocco was appointed as Director.
Appointed
Stefano Villa was appointed as Managing Director.
Ceased
Stefano Villa ceased to be Additional Director.
Appointed
Edgar Van Stijn was appointed as Whole-Time Director.
Ceased
Edgar Van Stijn ceased to be Additional Director.
Ceased
Paolo Puzone ceased to be Additional Director.
Ceased
Scaffidi Piraino Santo ceased to be Additional Director.
Ceased
Serravalle Fabrizio ceased to be Managing Director.
Ceased
Giuseppe Stani ceased to be Additional Director.
18 earlier events are in the company report.
News
Frequently asked questions
Saipem India Projects is an active private limited company based in Chennai, Tamil Nadu, India. The company works in the engineering industry. It was incorporated on 28 March 2001 (25+ years old) and is registered under CIN U28999TN2001PTC046866.
Saipem India Projects has 3 current directors:
- Stefano Villa - Managing Director
- Edgar Van Stijn - Whole-Time Director
- Claudia Stocco - Director
The latest financial statements of Saipem India Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Saipem India Projects is 33AAACI7915F1ZT, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACI7915F2ZL (Maharashtra).
The CIN (Corporate Identification Number) of Saipem India Projects is U28999TN2001PTC046866. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saipem India Projects has 43 court cases on record: 18 filed by the company and 25 filed against it. 11 are pending. Most are in the high courts.
Saipem India Projects was incorporated on 28 March 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
Saipem India Projects has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in September 2015.
Claudia Stocco ceased to be Additional Director on 29 Sep 2024. Claudia Stocco was appointed as Director on 17 Jun 2024. Stefano Villa was appointed as Managing Director on 08 Mar 2024. Saipem India Projects has 25 board changes on record in total.
Saipem India Projects has 2 MSME Form 1 returns on record between 2020 and 2024, listing 13 overdue payments to 6 micro and small suppliers. The latest return was filed on 15 Jun 2024.
Saipem India Projects can be reached through the website saipem.com. Its registered office is in Chennai, Tamil Nadu, India.