India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,545 Pankaj Chimanlal Doshi ₹1,300 Cr
- #1,545 Kirit Chimanlal Doshi ₹1,300 Cr
Revenue · FY 2025
₹42.91 Cr
▲ 42% YoY
Net profit · FY 2025
₹11.54 Cr
Net margin 26.9%
EBITDA · FY 2025
₹22.41 Cr
EBITDA margin 52.2%
Authorised capital
₹61.01 Cr
Registered with MCA
Paid-up capital
₹33.82 Lakh
Issued & subscribed
Satisfied charges
₹217.18 Cr
No open charges
Company age
16 yrs
Est. 2010
Directors on board
3
As per MCA filings
About SGP Industrial Infrastructure Private Limited
Data last updated:
SGP Industrial Infrastructure Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial control valves and systems segment of the machinery and industrial equipment sector. It was incorporated on 27 September 2010 and has been in existence for over 16 years.
Its director Pankaj Chimanlal Doshi is #1,545 among India's richest people (2026). Its director Kirit Chimanlal Doshi is #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2010PTC208323. Its GSTIN is 27AAOCS8263N1ZE (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹61.01 Cr and a paid-up capital of ₹33.82 Lakh. It was formerly known as Cesare Bonetti India Private Limited and Waaree Industries Private Limited. It is led by directors including Ankit Hitesh Doshi and Pankaj Chimanlal Doshi.
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 602 6th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.91 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹11.54 Cr (net margin 26.9%) and EBITDA of ₹22.41 Cr (EBITDA margin 52.2%). Revenue has declined at a compounded annual rate (CAGR) of 24% over five years.
The company is associated with 1 brand: Waaree Energies. As per MCA filings, the company has satisfied charges of ₹217.18 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 4 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹77.1 Cr; the latest was in March 2021. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 225 overdue payments to 38 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 waaree.com.
Company details
CIN U74110MH2010PTC208323
Registration Number 208323
Incorporation Date 27 September 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name history
SGP Industrial Infrastructure has undergone 4 name changes throughout its history. The current legal name is Sgp Industrial Infrastructure Private Limited.
| Company Name | Status |
|---|---|
| SGP Industrial Infrastructure Private Limited | Current |
| Cesare Bonetti India Private Limited | Previous |
| Waaree Industries Private Limited | Previous |
| Surel Solar Private Limited | Previous |
| Waaree Renewables Private Limited | Previous |
CIN history
SGP Industrial Infrastructure has one previous CIN (Corporate Identification Number): U40106MH2010PTC208323. The current CIN is U74110MH2010PTC208323, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110MH2010PTC208323 | Current |
| U40106MH2010PTC208323 | Previous |
Key People
Ankit Hitesh Doshi Director Pankaj Chimanlal Doshi Director Kirit Chimanlal Doshi Director Recognitions & Rankings of SGP Industrial Infrastructure
Contact details
SGP Industrial Infrastructure Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address602 6th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryMachinery and Equipment, Industrial Control Valves & Systems
Comprehensive company report
SGP Industrial Infrastructure 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
SGP Industrial Infrastructure operates one associated brand: Waaree Energies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar PV modules | waaree.com |
Business activity
The main business activity of SGP Industrial Infrastructure 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 SGP Industrial Infrastructure Private Limited, buy the company report.
Financials of SGP Industrial Infrastructure Private Limited
FY 2024 filings availableSGP Industrial Infrastructure Private Limited reported revenue of ₹42.91 Cr (up 42% YoY) for FY 2025.
Revenue · FY 2025
₹42.91 Cr ▲ 42%
Net profit · FY 2025
₹11.54 Cr margin 26.9%
EBITDA · FY 2025
₹22.41 Cr margin 52.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 42%
5 years · compounded
▼ 24%
EBITDA CAGR growth
5 years · compounded
▲ 21%
Revenue rose 42% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 24%. 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 |
|---|---|---|---|---|---|
| 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 | ₹22.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.54 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.2% | ||||
| Net Profit Margin | 26.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of SGP Industrial Infrastructure Private Limited, buy the company report.
Board of directors of SGP Industrial Infrastructure Private Limited
SGP Industrial Infrastructure has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Hitesh Doshi Also directs: Waaree Ess Private Limited, Waaree Sustainable Finance Private Limited, Dinkar Solar LLP and 5 more | Director | 01 Aug 2023 | 3 Years 2 Months | Current |
| Pankaj Chimanlal Doshi | Director | 27 Feb 2019 | 7 Years 8 Months | Current |
| Kirit Chimanlal Doshi Also directs: Vedaang Solar LLP, Waaree Technologies Limited, Waaree Green Glass Private Limited and 3 more | Director | 18 Aug 2011 | 15 Years 2 Months | Current |
Charges & borrowings
Open charges
None
Satisfied charges
₹217.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2020 | 100389141 | Others | ₹75 Cr | Satisfied | |
| 10 Feb 2013 | 10415953 | State Bank of India | ₹20 Cr | Satisfied | |
| 31 Jan 2013 | 10406923 | Axis Bank Limited | ₹14.13 Cr | Satisfied | |
| 31 Jan 2013 | 10406928 | Axis Bank Limited | ₹62.78 Cr | Satisfied | |
| 16 Jan 2012 | 10335431 | Bank of Baroda | ₹45.27 Cr | Satisfied |
To see the full charge records of SGP Industrial Infrastructure Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
SGP Industrial Infrastructure Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹77.1 Cr; the latest was in March 2021.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹77.1 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Dinkar Solar LLP , 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Feb 2018 | Funding round | ₹77.1 Cr | Investors: Saswata Solar LLP , Dinkar Solar LLP , 2 individuals |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SGP Industrial Infrastructure Private Limited has 4 court cases on record: 2 filed by SGP Industrial Infrastructure, 2 filed against it. All cases are pending.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 3 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of SGP Industrial Infrastructure 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.
Credit ratings & regulatory alerts
SGP Industrial Infrastructure Private Limited was last rated by Crisil on 05 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 05 Mar 2020 |
To see the full credit ratings and regulatory alerts of SGP Industrial Infrastructure Private Limited, buy the company report.
MSME payment delays
SGP Industrial Infrastructure Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 225 overdue payments to 38 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 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Slimtile Private Limited | |||
| Devashish Infrastructure Private Limited | |||
| S G C O & Co LLP | |||
| an individual supplier | |||
| Ewallsys Services Private Limited |
To see the full MSME payment records of SGP Industrial Infrastructure Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
SGP Industrial Infrastructure has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS8263N1ZE | Maharashtra | Active | 17 Apr 2018 |
| 24AAOCS8263N1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SGP Industrial Infrastructure Private Limited, buy the company report.
Recent activity
SGP Industrial Infrastructure Private Limited has 9 board changes on record since 2011: 3 appointments and 6 cessations. The latest: Ankit Hitesh Doshi ceased to be Additional Director on 29 Dec 2023.
AGM
Sgp Industrial Infrastructure Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Sgp Industrial Infrastructure Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Ankit Hitesh Doshi ceased to be Additional Director.
Charges
A charge registered on 01 Oct 2020 via Charge ID 100389141 with Others was fully satisfied on 06 Dec 2023.
Appointed
Ankit Hitesh Doshi was appointed as Director.
Ceased
Pankaj Chimanlal Doshi ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 100389141 was registered on 01 Oct 2020.
Charges
A charge registered on 31 Jan 2013 via Charge ID 10406923 with Axis Bank Limited was fully satisfied on 19 Sep 2020.
Ceased
Hitesh Chimanlal Doshi ceased to be Director.
Ceased
Hitesh Pranjivan Mehta ceased to be Director.
Ceased
Viren Doshi Chimanlal ceased to be Director.
Appointed
Pankaj Chimanlal Doshi was appointed as Director.
12 earlier events are in the company report.
News
Frequently asked questions
SGP Industrial Infrastructure is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial control valves and systems, within the machinery and equipment industry. It was incorporated on 27 September 2010 (16+ years old) and is registered under CIN U74110MH2010PTC208323.
SGP Industrial Infrastructure has 3 current directors:
- Ankit Hitesh Doshi - Director
- Pankaj Chimanlal Doshi - Director
- Kirit Chimanlal Doshi - Director
The latest financial statements of SGP Industrial Infrastructure 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 2015 are in the company report.
The GSTIN of SGP Industrial Infrastructure is 27AAOCS8263N1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAOCS8263N1ZK (Gujarat).
The CIN (Corporate Identification Number) of SGP Industrial Infrastructure is U74110MH2010PTC208323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SGP Industrial Infrastructure has 4 court cases on record: 2 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
SGP Industrial Infrastructure was incorporated on 27 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
SGP Industrial Infrastructure has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹77.1 Cr; the latest was in March 2021.
Ankit Hitesh Doshi ceased to be Additional Director on 29 Dec 2023. Ankit Hitesh Doshi was appointed as Director on 01 Aug 2023. Pankaj Chimanlal Doshi ceased to be Additional Director on 30 Dec 2020. SGP Industrial Infrastructure has 9 board changes on record in total.
SGP Industrial Infrastructure has 11 MSME Form 1 returns on record between 2019 and 2023, listing 225 overdue payments to 38 micro and small suppliers. The latest return was filed on 02 Jan 2024.
SGP Industrial Infrastructure can be reached through the website waaree.com. Its registered office is in Mumbai, Maharashtra, India.
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