About SRC Projects Private Limited
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SRC Projects Private Limited is a private limited company based in Salem, Tamil Nadu, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 01 April 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U45202TZ2002PTC010130. Its GSTIN is 33AAGCS3528N1Z3 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Mahudeswaran Muthusamy Gounder (Managing Director) and Paramasivam Vimalan.
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 4 Blakshmipuram Gandhi Road, Salem, Tamil Nadu, India – 636007.
As per the financials filed for FY 2025, the company reported a revenue of ₹316.9 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹43.67 Cr (net margin 13.8%) and EBITDA of ₹69.98 Cr (EBITDA margin 22.1%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 11% over five years.
The company has about 1,273 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SRC projects pvt ltd. As per MCA filings, the company has open charges of ₹166.28 Cr and satisfied charges of ₹211.71 Cr on record. Court records list 82 cases involving the company, including 49 filed by the company and 33 filed against it; 22 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022. Its 5 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 4 larger and 1 smaller; the largest is Ayyappa Infra Projects Private Limited (Under Part IX) with revenue of ₹328.66 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 369 overdue payments to 102 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 srcprojects.in.
Company details
Contact details
SRC Projects Private Limited's registered office is in Salem, Tamil Nadu. Its website is srcprojects.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4 Blakshmipuram Gandhi Road, Salem, Tamil Nadu, India – 636007
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of SRC Projects Private Limited, buy the company report.
- 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
Brands
SRC Projects operates one associated brand: SRC projects pvt ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Project management services with branches in India. | srcppl.com |
Business activity
The main business activities of SRC Projects are construction and mining and quarrying. In detail, this covers roads, railways, utility projects and other mining & quarrying activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| B | Mining and quarrying | B4 | Other Mining & Quarrying Activities |
To see the full business activity and turnover split of SRC Projects Private Limited, buy the company report.
Financials of SRC Projects Private Limited
FY 2025 filings availableSRC Projects Private Limited reported revenue of ₹316.9 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 21% growth in the latest year. EBITDA fell 4% 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 | ₹69.98 Cr | ||||
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| Net Profit (PAT) | ₹43.67 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 | 22.1% | ||||
| Net Profit Margin | 13.8% | ||||
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To see the full financial statements and ratios of SRC Projects Private Limited, buy the company report.
Board of directors of SRC Projects Private Limited
SRC Projects has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paramasivam Vimalan | Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Ganesan Ashwin Balaji | Director | 12 Jul 2021 | 5 Years 3 Months | Current |
| Niranjan Also directs: PNM United Private Limited | Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Ganesan Ramasamy Also directs: SRC Power & Infra LLP | Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Mahudeswaran Muthusamy Gounder | Managing Director | 01 Apr 2002 | 24 Years 6 Months | Current |
| Paramasivam Narendran | Director | 24 Apr 2015 | 11 Years 5 Months | Current |
Peer comparison
SRC Projects Private Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ayyappa Infra Projects Private Limited (Under Part IX) | ₹328.66 Cr (FY 2025) | -16.0% | Hyderabad, Telangana, India | |||
| Cherian Varkey Construction Company Private Limited | ₹327.1 Cr (FY 2025) | 34.0% | Ernakulam, Kerala, India | |||
| Vishal Nirmiti Limited | ₹324.86 Cr (FY 2025) | 31.0% | Mumbai, Maharashtra, India | |||
| Vensa Infrastructure Limited | ₹324.09 Cr (FY 2025) | -35.0% | Hyderabad, Telangana, India | |||
| SRC Projects Private Limitedthis company | ₹316.9 Cr (FY 2025) | ₹43.67 Cr | 13.8% | 21.0% | 1,273 | Salem, Tamil Nadu, India |
| A.P.I. Civilcon Private Limited | ₹312.59 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of SRC Projects Private Limited, buy the company report.
Shareholding
The shareholding of SRC 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 SRC Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2023 | 100733030 | Hdfc Bank Limited | ₹79.02 Lakh | Open | |
| 12 Apr 2023 | 100733682 | Hdfc Bank Limited | ₹45.38 Lakh | Open | |
| 21 Feb 2023 | 100684640 | Hdfc Bank Limited | ₹60.16 Lakh | Open | |
| 28 Dec 2022 | 100671977 | Hdfc Bank Limited | ₹77.46 Lakh | Open | |
| 29 Apr 2022 | 100574379 | Hdfc Bank Limited | ₹2.35 Cr | Open |
To see the full charge records of SRC Projects Private Limited, buy the company report.
Total charge records: 60 View all charges
Deals & funding
SRC Projects Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: M Muthusamy HUF, R Ganesan HUF, P Vimalan HUF Seller: 4 individuals |
| Dec 2011 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SRC Projects Private Limited has 82 court cases on record: 49 filed by SRC Projects, 33 filed against it. 22 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 58 | 11 | 19 |
| District courts | 24 | 22 | 3 |
Cases on record (5 of 82)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against The State Industries Promotion Corporation of Tamilnadu Ltd Sipcot and 1 other | Pending |
| Madras High Court | Writ petition | Filed by the company against The State Industries Promotion Corporation of Tamilnadu Ltd Sipcot and 1 other | Pending |
| High Court, TAMIL NADU | Revision petition | Filed against the company by M/S Alstom T&D India Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| District court, Kancheepuram, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
To see the full case history of SRC 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
SRC Projects Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 369 overdue payments to 102 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 102)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Janatha Tyre Works | |||
| Barani Enterprieses | |||
| an individual supplier |
To see the full MSME payment records of SRC Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SRC Projects Private Limited has a workforce of 1,273 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
SRC Projects has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCS3528N1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAGCS3528N1ZS | Karnataka | Active | 10 Jun 2024 |
To see the full GST registrations and return filing status of SRC Projects Private Limited, buy the company report.
Recent activity
SRC Projects Private Limited has 11 board changes on record since 2002: 6 appointments and 5 cessations. The latest: Ganesan Ashwin Balaji ceased to be Additional Director on 18 Dec 2021.
117 earlier events are in the company report.
Frequently asked questions
SRC Projects is an active private limited company based in Salem, Tamil Nadu, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 01 April 2002 (24+ years old) and is registered under CIN U45202TZ2002PTC010130.
SRC Projects has 6 current directors:
- Mahudeswaran Muthusamy Gounder - Managing Director
- Paramasivam Vimalan - Director
- Ganesan Ashwin Balaji - Director
- Niranjan - Director
- Ganesan Ramasamy - Director
- Paramasivam Narendran - Director
The latest financial statements of SRC Projects 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 SRC Projects is 33AAGCS3528N1Z3, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAGCS3528N1ZS (Karnataka).
The CIN (Corporate Identification Number) of SRC Projects is U45202TZ2002PTC010130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SRC Projects has 82 court cases on record: 49 filed by the company and 33 filed against it. 22 are pending. Most are in the high courts.
SRC Projects was incorporated on 01 April 2002, making it 24+ years old. It is registered with the Registrar of Companies, Coimbatore.
SRC Projects has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in March 2022.
The peers of SRC Projects by revenue are Ayyappa Infra Projects Private Limited (Under Part IX), Cherian Varkey Construction Company Private Limited, Vishal Nirmiti Limited, Vensa Infrastructure Limited, A.P.I. Civilcon Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Ganesan Ashwin Balaji ceased to be Additional Director on 18 Dec 2021. Mahudeswaran Muthusamy Gounder ceased to be Director on 18 Dec 2021. Paramasivam Muthusamy Gounder ceased to be Managing Director on 09 Sep 2021. SRC Projects has 11 board changes on record in total.
SRC Projects has 13 MSME Form 1 returns on record between 2019 and 2023, listing 369 overdue payments to 102 micro and small suppliers. The latest return was filed on 08 Dec 2023.
SRC Projects can be reached through the website srcprojects.in. Its registered office is in Salem, Tamil Nadu, India.