MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0017474
Spartan Builders Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹160.75 Cr
▲ 50% YoY
Net profit · FY 2025
₹4.93 Cr
Net margin 3.1%
EBITDA · FY 2025
₹12.2 Cr
EBITDA margin 7.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹46.07 Cr
Satisfied ₹1.55 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
131
Provident fund records
About Spartan Builders Private Limited
Data last updated:
Spartan Builders 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 11 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45202GJ2012PTC071916. Its GSTIN is 24AASCS0209A1ZT (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Dinesh Niranjanlal Raghuvanshi and Sejal Raghuvanshi.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹160.75 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹4.93 Cr (net margin 3.1%) and EBITDA of ₹12.2 Cr (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 55% over five years.
The company has about 131 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spartan Builders. As per MCA filings, the company has open charges of ₹46.07 Cr and satisfied charges of ₹1.55 Cr on record. Court records list 12 cases involving the company, including 12 filed against it.
Spartan Builders Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0017474). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spartanbuilders.in.
Company details
CIN U45202GJ2012PTC071916
Registration Number 071916
Incorporation Date 11 September 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0017474
Recognitions & Rankings of Spartan Builders
Contact details
Spartan Builders Private Limited's registered office is in Ahmedabad, Gujarat. Its website is spartanbuilders.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address805 806 807 Inter Staller, Nr. Sahjanand Palace Thaltej, Ahmedabad, Gujarat, India – 380054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Spartan Builders Private Limited, buy the company report.
Comprehensive company report
Spartan Builders 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Spartan Builders operates one associated brand: Spartan Builders. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction services and infrastructure development in India. | spartanbuilders.in |
Business activity
The main business activity of Spartan Builders 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 Spartan Builders Private Limited, buy the company report.
Financials of Spartan Builders Private Limited
FY 2025 filings availableSpartan Builders Private Limited reported revenue of ₹160.75 Cr (up 50% YoY) for FY 2025.
Revenue · FY 2025
₹160.75 Cr ▲ 50%
Net profit · FY 2025
₹4.93 Cr margin 3.1%
EBITDA · FY 2025
₹12.2 Cr margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 58%
5 years · compounded
▲ 55%
EBITDA CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 63%
5 years · compounded
▲ 55%
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years, including 50% growth in the latest year. EBITDA rose 78% 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 |
|---|---|---|---|---|---|
| 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 | ₹12.2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.93 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 | 7.6% | ||||
| Net Profit Margin | 3.1% | ||||
| 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 Spartan Builders Private Limited, buy the company report.
Board of directors of Spartan Builders Private Limited
Spartan Builders has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Niranjanlal Raghuvanshi | Director | 11 Sep 2012 | 14 Years 1 Months | Current |
| Sejal Raghuvanshi | Director | 11 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
Spartan Builders Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Green Pearl Engineering Construction Corporation Private Limited | ₹162.07 Cr (FY 2025) | -18.0% | Chennai, Tamil Nadu, India | |||
| VGN Projects Estates Private Limited | ₹162.02 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Spartan Builders Private Limitedthis company | ₹160.75 Cr (FY 2025) | ₹4.93 Cr | 3.1% | 50.0% | 131 | Ahmedabad, Gujarat, India |
| Rohan Developers Private Limited | ₹160.75 Cr (FY 2024) | 124.0% | Mumbai, Maharashtra, India | |||
| Man Realtors and Holdings Private Limited | ₹160.14 Cr (FY 2025) | -12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Spartan Builders Private Limited, buy the company report.
Auditor
Spartan Builders Private Limited is audited by ADWANI PESHAVARIA AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADWANI PESHAVARIA AND CO | FY 2023 | 137123W |
Shareholding
The shareholding of Spartan Builders 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 Spartan Builders Private Limited, buy the company report.
Charges & borrowings
Open charges
₹46.07 Cr
Satisfied charges
₹1.55 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2025 | 101184173 | Others | ₹51.92 Lakh | Open | |
| 28 Aug 2025 | 101155414 | Others | ₹89.68 Lakh | Open | |
| 12 Aug 2024 | 100965623 | Bank of India | ₹34.81 Cr | Open | |
| 13 Sep 2023 | 100798448 | Others | ₹3.5 Cr | Open | |
| 29 Jan 2022 | 100529356 | Axis Bank Limited | ₹2.85 Cr | Open |
To see the full charge records of Spartan Builders Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Spartan Builders Private Limited has 12 court cases on record: 12 filed against it. All cases are disposed.
Total cases
12
Filed against the company
12
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C2-LC) | Filed against the company by an individual | Disposed |
To see the full case history of Spartan Builders 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
Spartan Builders Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 151 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amrut Concrete | |||
| Map Products Private Limited |
To see the full MSME payment records of Spartan Builders Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spartan Builders Private Limited has a workforce of 131 employees on its EPFO records as of Oct 08, 2025, across 1 active EPFO establishment.
Employee count
131
Active EPFO establishments
1
Employee growth
-1.5%
GST
Spartan Builders has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AASCS0209A1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spartan Builders Private Limited, buy the company report.
Recent activity
Spartan Builders Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Dinesh Niranjanlal Raghuvanshi was appointed as Director on 11 Sep 2012.
Charges
A charge with Others amounted to Rs. 0.52 Cr with Charge ID 101184173 was registered on 04 Nov 2025.
Charges
A charge with Bank Of India of Rs. 34.81 Cr registered on 12 Aug 2024 with Charge ID 100965623 was modified on 09 Oct 2025.
AGM
Spartan Builders Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.90 Cr with Charge ID 101155414 was registered on 28 Aug 2025.
Filing
Spartan Builders Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 3.50 Cr registered on 13 Sep 2023 with Charge ID 100798448 was modified on 23 Oct 2024.
Charges
A charge with Bank Of India amounted to Rs. 34.81 Cr with Charge ID 100965623 was registered on 12 Aug 2024.
Charges
A charge registered on 27 Jan 2016 via Charge ID 10621235 with Axis Bank Limited was fully satisfied on 02 Jan 2024.
Charges
A charge with Others amounted to Rs. 3.50 Cr with Charge ID 100798448 was registered on 13 Sep 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.85 Cr with Charge ID 100529356 was registered on 29 Jan 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.97 Cr with Charge ID 100495578 was registered on 13 Sep 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.63 Cr with Charge ID 100284181 was registered on 09 Aug 2019.
5 earlier events are in the company report.
Frequently asked questions
Spartan Builders 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 11 September 2012 (14+ years old) and is registered under CIN U45202GJ2012PTC071916.
Spartan Builders has 2 current directors:
- Dinesh Niranjanlal Raghuvanshi - Director
- Sejal Raghuvanshi - Director
The latest financial statements of Spartan Builders on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spartan Builders is 24AASCS0209A1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Spartan Builders is U45202GJ2012PTC071916. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spartan Builders has 12 court cases on record: 12 filed against it.
Spartan Builders was incorporated on 11 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Spartan Builders by revenue are Green Pearl Engineering Construction Corporation Private Limited, VGN Projects Estates Private Limited, Rohan Developers Private Limited, Man Realtors and Holdings Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Dinesh Niranjanlal Raghuvanshi was appointed as Director on 11 Sep 2012. Sejal Raghuvanshi was appointed as Director on 11 Sep 2012.
Yes, Spartan Builders is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0017474).
Spartan Builders has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 151 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 May 2019.
Spartan Builders can be reached through the website spartanbuilders.in. Its registered office is in Ahmedabad, Gujarat, India.