- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0000368

About Stup Consultants Private Limited
Data last updated:
Stup Consultants Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Assystem Sa. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 09 May 1963 and has been in existence for over 63 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1963PTC012649. Its GSTIN is 27AABCS1945E1ZJ (Maharashtra). The company holds 13 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹41.14 Lakh. It was formerly known as Stup (India) Limited and Step India Ltd. It is led by directors including Ashish Tandon (Managing Director) and Stephane Patrice Aubarbier.
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 Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹227.4 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹32.61 Cr (net margin 14.3%) and EBITDA of ₹42.85 Cr (EBITDA margin 18.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over five years.
The company has about 953 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has satisfied charges of ₹142 Cr on record. Court records list 101 cases involving the company, including 48 filed by the company and 53 filed against it; 20 cases are pending. The company has 15 deals on record (14 secondary share transfers, 1 rights issue); the latest was in March 2022. The company has 31 MSME Form 1 returns on record between 2003 and 2024, listing 884 overdue payments to 61 micro and small suppliers.
Stup Consultants Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000368). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website assystemstup.com.
Company details
Name history
Stup Consultants has undergone 4 name changes throughout its history. The current legal name is Stup Consultants Private Limited.
| Company Name | Status |
|---|---|
| Stup Consultants Private Limited | Current |
| Stup (India) Limited | Previous |
| Step India Ltd | Previous |
| Stup (India) Private Limited | Previous |
| Step India Pvt Ltd | Previous |
Recognitions & Rankings of Stup Consultants
Contact details
Stup Consultants Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is assystemstup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 2702 27th Floor Rupa Renaissance Plot D – 33 D – 207 Juinagar MIDC Ttc Indus, Trialarea, Navi Mumbai, Maharashtra, India – 400705
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Stup Consultants 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
Business activity
The main business activity of Stup Consultants 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 Stup Consultants Private Limited, buy the company report.
Financials of Stup Consultants Private Limited
FY 2025 filings availableStup Consultants Private Limited reported revenue of ₹227.4 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 20% growth in the latest year. EBITDA rose 13% 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 | ₹227.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.61 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.8% | ||||
| Net Profit Margin | 14.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Stup Consultants Private Limited, buy the company report.
Board of directors of Stup Consultants Private Limited
Stup Consultants has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Tandon Also directs: Amara Raja Infra Limited, Assystem India Limited, Asy Engineering Private Limited and 1 more | Managing Director | 30 Jun 2021 | 5 Years 4 Months | Current |
| Stephane Patrice Aubarbier Also directs: Assystem India Limited | Director | 21 Dec 2022 | 3 Years 10 Months | Current |
| Marie Helene Korvin Also directs: Assystem India Limited, Asy Engineering Private Limited | Director | 24 Apr 2023 | 3 Years 6 Months | Current |
| Christian Olivier Jeanneau Also directs: Relsafe Pra Consulting Private Limited | Director | 22 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Stup Consultants Private Limited is audited by KNAV & CO. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KNAV & CO. LLP | FY 2025 | 120458W/W100679 |
Shareholding
The shareholding of Stup Consultants Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Stup Consultants Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2018 | 100162276 | Yes Bank Limited | ₹20 Cr | Satisfied | |
| 15 Sep 2017 | 100159000 | Yes Bank Limited | ₹20 Cr | Satisfied | |
| 16 Jul 1991 | 80010157 | State Bank of India | ₹37 Cr | Satisfied | |
| 21 Jun 1991 | 80010156 | State Bank of India | ₹65 Cr | Satisfied |
To see the full charge records of Stup Consultants Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Stup Consultants Private Limited has 15 deals on record (14 secondary share transfers, 1 rights issue); the latest was in March 2022.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Assystem SA, Assystem Engineering Services India Private Limited Seller: 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Assystem SA Seller: an individual |
| Aug 2021 | Rights issue | ₹32.05 Cr | Investors: Assystem SA |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Stup Consultants 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
Stup Consultants Private Limited has 101 court cases on record: 48 filed by Stup Consultants, 53 filed against it. 20 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 57 | 28 | 10 |
| District courts | 36 | 21 | 5 |
| Supreme Court | 4 | 4 | 2 |
| NCLAT | 3 | 0 | 2 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 101)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (RFA(COMM)) | Filed against the company by Comfort Care Systems Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed against the company by Comfort Care Systems Private Limited and 1 other | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Indian Oil Corporation Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Vardhman Infradevelopers Private Limited | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Rolta India Limited | Pending |
To see the full case history of Stup Consultants 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
Stup Consultants Private Limited was last rated by Icra on 13 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Jul 2021 |
To see the full credit ratings and regulatory alerts of Stup Consultants Private Limited, buy the company report.
MSME payment delays
Stup Consultants Private Limited has 31 MSME Form 1 returns on record between 2003 and 2024, listing 884 overdue payments to 61 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 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Officebazzar E-Store Private Limited | |||
| Radiant Consulting Engineers | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Stup Consultants Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Stup Consultants has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Assystem India Limited | U74140TN1998PLC039864 | |
| Asy Engineering Private Limited | U74999TG2018PTC126388 |
To see the full group structure of Stup Consultants Private Limited, buy the company report.
Employees & EPFO
Stup Consultants Private Limited has a workforce of 953 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
GST
Stup Consultants has 13 GST registrations: 12 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCS1945E1ZJ | Maharashtra | Active | 01 Jul 2017 |
| 27AABCS1945E2ZI | Maharashtra | Active | 28 Feb 2025 |
| 07AABCS1945E1ZL | Delhi | Active | 01 Jul 2017 |
| 18AABCS1945E1ZI | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Stup Consultants Private Limited, buy the company report.
Recent activity
Stup Consultants Private Limited has 30 board changes on record since 1966: 17 appointments and 13 cessations. The latest: Christian Olivier Jeanneau was appointed as Director on 22 Jan 2025.
31 earlier events are in the company report.
Frequently asked questions
Stup Consultants is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 09 May 1963 (63+ years old) and is registered under CIN U74999MH1963PTC012649.
Stup Consultants has 4 current directors:
- Ashish Tandon - Managing Director
- Stephane Patrice Aubarbier - Director
- Marie Helene Korvin - Director
- Christian Olivier Jeanneau - Director
The latest financial statements of Stup Consultants 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 Stup Consultants is 27AABCS1945E1ZJ, registered in Maharashtra. The company has 13 GST registrations in all, of which 12 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCS1945E2ZI (Maharashtra), 07AABCS1945E1ZL (Delhi), 18AABCS1945E1ZI (Assam).
The CIN (Corporate Identification Number) of Stup Consultants is U74999MH1963PTC012649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stup Consultants has 101 court cases on record: 48 filed by the company and 53 filed against it. 20 are pending. Most are in the high courts.
Stup Consultants was incorporated on 09 May 1963, making it 63+ years old. It is registered with the Registrar of Companies, Mumbai.
Stup Consultants has 15 deals on record (14 secondary share transfers, 1 rights issue); the latest was in March 2022.
Christian Olivier Jeanneau was appointed as Director on 22 Jan 2025. Guillaume Puravet ceased to be Director on 22 Jan 2025. Thomas Arthur Branche ceased to be Director on 09 May 2023. Stup Consultants has 30 board changes on record in total.
Yes, Stup Consultants is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0000368).
Stup Consultants has 31 MSME Form 1 returns on record between 2003 and 2024, listing 884 overdue payments to 61 micro and small suppliers. The latest return was filed on 01 May 2024.

