MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-06-0000687
Tolani Projects Private Limited - infrastructure and utilities in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹270.83 Cr
▲ 1% YoY
Net profit · FY 2025
₹19.77 Cr
Net margin 7.3%
EBITDA · FY 2025
₹27.36 Cr
EBITDA margin 10.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹108.51 Cr
Satisfied ₹32.6 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
260
Provident fund records
About Tolani Projects Private Limited
Data last updated:
Tolani Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 21 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2010PTC059279. Its GSTIN is 24AADCT3457G1ZF (Gujarat). The company holds 16 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Narainbhai Hundaldas Tolani (Managing Director) and Pradeepbhai Kamalbhai Tolani.
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 D 402 Swati Clover Near Shilaj Circle Shilaj, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹270.83 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹19.77 Cr (net margin 7.3%) and EBITDA of ₹27.36 Cr (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 31% over five years.
The company has about 260 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tolani Projects. As per MCA filings, the company has open charges of ₹108.51 Cr and satisfied charges of ₹32.6 Cr on record. Court records list 26 cases involving the company, including 13 filed by the company and 13 filed against it; 5 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in October 2023. Its 4 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is KNK Construction Private Limited with revenue of ₹272.3 Cr.
Tolani Projects Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-06-0000687). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tolaniprojects.com.
Company details
CIN U45201GJ2010PTC059279
Registration Number 059279
Incorporation Date 21 January 2010
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-06-0000687
Key People
Narainbhai Hundaldas Tolani Managing Director Pradeepbhai Kamalbhai Tolani Director Dipesh Vishnubhai Tolani Director Recognitions & Rankings of Tolani Projects
Contact details
Tolani Projects Private Limited's registered office is in Ahmedabad, Gujarat. Its website is tolaniprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD 402 Swati Clover Near Shilaj Circle Shilaj, Ahmedabad, Gujarat, India – 380059
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Tolani Projects Private Limited, buy the company report.
Comprehensive company report
Tolani 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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Brands
Tolani Projects operates one associated brand: Tolani Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering and construction services in pipelines, civil works, and infrastructure in India. | tolaniprojects.com |
Business activity
The main business activity of Tolani Projects 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 Tolani Projects Private Limited, buy the company report.
Financials of Tolani Projects Private Limited
FY 2025 filings availableTolani Projects Private Limited reported revenue of ₹270.83 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹270.83 Cr ▲ 1%
Net profit · FY 2025
₹19.77 Cr margin 7.3%
EBITDA · FY 2025
₹27.36 Cr margin 10.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 21%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 35%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 1% growth in the latest year. EBITDA rose 25% 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 | ₹27.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.77 Cr | ||||
| Balance Sheet | |||||
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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 | 10.1% | ||||
| Net Profit Margin | 7.3% | ||||
| 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 Tolani Projects Private Limited, buy the company report.
Board of directors of Tolani Projects Private Limited
Tolani Projects has 4 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 |
|---|---|---|---|---|
| Pradeepbhai Kamalbhai Tolani | Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Narainbhai Hundaldas Tolani Also directs: Tolani Energies Private Limited | Managing Director | 21 Jan 2010 | 16 Years 9 Months | Current |
| Dipesh Vishnubhai Tolani Also directs: Tolani Energies Private Limited, GHV Tolani JV Private Limited, Ardhinusa Drilling Private Limited and 4 more | Director | 21 Jan 2010 | 16 Years 9 Months | Current |
| Veenaben Narainbhai Tolani | Director | 21 Jan 2010 | 16 Years 9 Months | Current |
Peer comparison
Tolani Projects Private Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Construction Services), 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 |
|---|---|---|---|---|---|---|
| KNK Construction Private Limited | ₹272.3 Cr (FY 2019) | 66.0% | Bangalore, Karnataka, India | |||
| Unique Infraengineering India Private Limited | ₹271.04 Cr (FY 2025) | -22.0% | Udaipur, Rajasthan, India | |||
| Tolani Projects Private Limitedthis company | ₹270.83 Cr (FY 2025) | ₹19.77 Cr | 7.3% | 1.0% | 260 | Ahmedabad, Gujarat, India |
| Mohan Mutha Infrastructures Private Limited | ₹269.76 Cr (FY 2025) | -27.0% | Chennai, Tamil Nadu, India | |||
| Sri Venkatachalapathy Constructions Private Limited | ₹267.04 Cr (FY 2022) | 407.0% | Erode, Tamil Nadu, India |
To see the full peer comparison of Tolani Projects Private Limited, buy the company report.
Auditor
Tolani Projects Private Limited is audited by Himanshu Majithiya & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Himanshu Majithiya & Co | FY 2023 | 128134W |
Shareholding
The shareholding of Tolani 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 Tolani Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹108.51 Cr
Satisfied charges
₹32.6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2025 | 101050074 | Others | ₹20 Cr | Open | |
| 10 Mar 2023 | 100708535 | Tata Capital Financial Services Limited | ₹3.89 Cr | Open | |
| 13 Jun 2016 | 100036595 | State Bank of India | ₹18 Lakh | Open | |
| 11 Mar 2010 | 10208717 | Canara Bank | ₹84.44 Cr | Open | |
| 15 Sep 2018 | 100206766 | Others | ₹25.22 Lakh | Satisfied |
To see the full charge records of Tolani Projects Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Tolani Projects Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in October 2023.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹4 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2012 | Funding round | ₹4 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tolani Projects Private Limited has 26 court cases on record: 13 filed by Tolani Projects, 13 filed against it. 5 cases are pending and 21 are disposed.
Total cases
26
Filed by the company
13
Filed against the company
13
Pending
5
Disposed
21
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 12 | 3 |
| High courts | 7 | 1 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARBP) | Filed by the company against NMT Shipping Pvt Ltd | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Oil and Natural Gas Corporation Limited | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by NMT Shipping Private Limited | Disposed |
| District court, Bharuch, Gujarat | Court case (CMA SC) | Filed by the company against Oil and Natural Gas Corporation Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Oil and Natural Gas Corporation Limited and 7 others | Disposed |
To see the full case history of Tolani 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.
Credit ratings & regulatory alerts
Tolani Projects Private Limited was last rated by Care on 10 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Feb 2022 |
To see the full credit ratings and regulatory alerts of Tolani Projects Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tolani Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Tolani Projects Private Limited has a workforce of 260 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
260
Active EPFO establishments
1
Employee growth
60.49%
GST
Tolani Projects has 16 GST registrations: 13 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
16
Active
13
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT3457G1ZF | Gujarat | Active | 01 Jul 2017 |
| 37AADCT3457G1Z8 | Andhra Pradesh | Active | 01 Jul 2017 |
| 33AADCT3457G2ZF | Tamil Nadu | Active | 19 Sep 2018 |
| 03AADCT3457G1ZJ | Punjab | Active | 19 Feb 2020 |
To see the full GST registrations and return filing status of Tolani Projects Private Limited, buy the company report.
Recent activity
Tolani Projects Private Limited has 10 board changes on record since 2010: 4 appointments and 6 cessations. The latest: Pradeepbhai Kamalbhai Tolani ceased to be Additional Director on 30 Sep 2022.
Charges
A charge with Canara Bank of Rs. 84.44 Cr registered on 11 Mar 2010 with Charge ID 10208717 was modified on 01 Oct 2025.
AGM
Tolani Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 20.00 Cr registered on 28 Jan 2025 with Charge ID 101050074 was modified on 12 Jun 2025.
Filing
Tolani Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101050074 was registered on 28 Jan 2025.
Charges
A charge with Tata Capital Financial Services Limited amounted to Rs. 3.89 Cr with Charge ID 100708535 was registered on 10 Mar 2023.
Ceased
Pradeepbhai Kamalbhai Tolani ceased to be Additional Director.
Appointed
Pradeepbhai Kamalbhai Tolani was appointed as Director.
Charges
A charge registered on 16 Jun 2010 via Charge ID 10229536 with Canara Bank was fully satisfied on 22 Jun 2020.
Charges
A charge registered on 12 Mar 2010 via Charge ID 10244097 with Canara Bank was fully satisfied on 22 Jun 2020.
Charges
A charge registered on 15 Sep 2018 via Charge ID 100206766 with Others was fully satisfied on 19 Aug 2019.
Charges
A charge registered on 15 May 2018 via Charge ID 100202856 with Others was fully satisfied on 19 Aug 2019.
19 earlier events are in the company report.
Frequently asked questions
Tolani Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 21 January 2010 (16+ years old) and is registered under CIN U45201GJ2010PTC059279.
Tolani Projects has 4 current directors:
- Narainbhai Hundaldas Tolani - Managing Director
- Pradeepbhai Kamalbhai Tolani - Director
- Dipesh Vishnubhai Tolani - Director
- Veenaben Narainbhai Tolani - Director
The latest financial statements of Tolani 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 Tolani Projects is 24AADCT3457G1ZF, registered in Gujarat. The company has 16 GST registrations in all, of which 13 are active and 3 are cancelled or inactive. Other active GSTINs include 37AADCT3457G1Z8 (Andhra Pradesh), 33AADCT3457G2ZF (Tamil Nadu), 03AADCT3457G1ZJ (Punjab).
The CIN (Corporate Identification Number) of Tolani Projects is U45201GJ2010PTC059279. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tolani Projects has 26 court cases on record: 13 filed by the company and 13 filed against it. 5 are pending. Most are in the district courts.
Tolani Projects was incorporated on 21 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Tolani Projects has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in October 2023.
The peers of Tolani Projects by revenue are KNK Construction Private Limited, Unique Infraengineering India Private Limited, Mohan Mutha Infrastructures Private Limited, Sri Venkatachalapathy Constructions Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Pradeepbhai Kamalbhai Tolani ceased to be Additional Director on 30 Sep 2022. Pradeepbhai Kamalbhai Tolani was appointed as Director on 01 Apr 2022. Deepak Naranbhai Tolani ceased to be Director on 01 Jun 2017. Tolani Projects has 10 board changes on record in total.
Yes, Tolani Projects is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-06-0000687).