About Unity Infraprojects Limited
Data last updated:
Unity Infraprojects Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 09 April 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1997PLC107153. Its GSTIN is 07AAACU4560E1ZJ (Delhi). The company holds 10 GST registrations, of which 4 are active. It is recorded as listed by MCA, but trading in its shares on BSE (532746) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹24.18 Cr. It was formerly known as Unity Builders Limited. It is led by directors including Abhijit Kishore Avarrsekar (Managing Director) and Kishore Krishnarao Avarsekar (Managing Director).
Its last annual general meeting (AGM) was held on 21 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2016, the company reported a revenue of ₹263.18 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹651.12 Cr (net margin -247.4%) and EBITDA of -₹322.08 Cr (EBITDA margin -122.4%).
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 15 subsidiaries.
The company is associated with 1 brand: Unity Infraprojects. As per MCA filings, the company has open charges of ₹11,891 Cr and satisfied charges of ₹395 Cr on record. Court records list 394 cases involving the company, including 103 filed by the company and 291 filed against it; 81 cases are pending. The company has 25 deals on record (21 market trades, 3 funding rounds, 1 ipo), with disclosed funding of ₹112.22 Cr; the latest was in December 2010. Its 8 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 5 smaller; the largest is Bhimji Velji Sorathia Construction Private Limited with revenue of ₹334.64 Cr.
The last known website on record is unityinfra.com.
Company details
CIN history
Unity Infraprojects has one previous CIN (Corporate Identification Number): U99999MH1997PLC107153. The current CIN is L99999MH1997PLC107153, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1997PLC107153 | Current |
| U99999MH1997PLC107153 | Previous |
Contact details
Unity Infraprojects Limited's registered office is in Mumbai, Maharashtra. Its website is unityinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1252 Pushpanjali Apartments Old Prabhadevi Road, India, Mumbai, Maharashtra, India – 400025
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Unity Infraprojects 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
Unity Infraprojects operates one associated brand: Unity Infraprojects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Involved in infrastructure projects and liquidation announcements. | unityinfra.com |
Business activity
The main business activity of Unity Infraprojects is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Unity Infraprojects Limited, buy the company report.
Financials of Unity Infraprojects Limited
FY 2016 filings availableUnity Infraprojects Limited reported revenue of ₹263.18 Cr (down 71% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹263.18 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹322.08 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹651.12 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -122.4% | |
| Net Profit Margin | -247.4% | |
| 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 Unity Infraprojects Limited, buy the company report.
Board of directors of Unity Infraprojects Limited
Unity Infraprojects has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chaitanya Sureshchandra Joshi | Director | 24 Mar 2006 | 20 Years 7 Months | As last reported |
| Girish Vasudeo Gokhale Also directs: Remaking of Mumbai Development Limited | Director | 27 Oct 2007 | 18 Years 11 Months | As last reported |
| Vidya Pradeep Avarsekar | Director | 28 Mar 2015 | 11 Years 6 Months | As last reported |
| Abhijit Kishore Avarrsekar Also directs: Urdl Bangalore Developers Private Limited, Unity Infrastructure Assets Limited, Unity Realty and Developers Limited and 3 more | Managing Director | 01 Aug 2009 | 17 Years 2 Months | As last reported |
| Kishore Krishnarao Avarsekar | Managing Director | 01 Aug 2009 | 17 Years 2 Months | As last reported |
Peer comparison
Unity Infraprojects Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Bhimji Velji Sorathia Construction Private Limited | ₹334.64 Cr (FY 2025) | -14.0% | Tal Gandhidham, Gujarat, India | |||
| KSR Infracon Private Limited | ₹333.23 Cr (FY 2025) | 22.0% | Telangana, India | |||
| B.C.Bhuyan Constructions Private Limited | ₹332.88 Cr (FY 2025) | -13.0% | Bhubaneswar, Odisha, India | |||
| C5 Engineering Private Limited | ₹329.44 Cr (FY 2024) | 42.0% | Hyderabad, Telangana, India | |||
| 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 | |||
| Unity Infraprojects Limitedthis company | ₹263.18 Cr (FY 2016) | -₹651.12 Cr | -247.4% | -71.0% | 12 | Mumbai, Maharashtra, India |
To see the full peer comparison of Unity Infraprojects Limited, buy the company report.
Auditor
Unity Infraprojects Limited is audited by C. B. Chhajed& Co for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. B. Chhajed& Co | FY 2016 | 101796W |
Shareholding
The shareholding of Unity Infraprojects Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Unity Infraprojects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2015 | 10571680 | Sbicap Trustee Company Limited | ₹3,906.52 Cr | Open | |
| 26 Feb 2014 | 10481544 | Others | ₹118.32 Cr | Open | |
| 01 Oct 2013 | 10461260 | Srei Equipment Finance Limited | ₹22.66 Lakh | Open | |
| 14 Sep 2013 | 10448530 | Allahabad Bank | ₹100 Cr | Open | |
| 14 Sep 2013 | 10458866 | Srei Equipment Finance Limited | ₹10.26 Cr | Open |
To see the full charge records of Unity Infraprojects Limited, buy the company report.
Total charge records: 161 View all charges
Deals & funding
Unity Infraprojects Limited has 25 deals on record (21 market trades, 3 funding rounds, 1 ipo), with disclosed funding of ₹112.22 Cr; the latest was in December 2010.
Deals on record (5 of 25)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2010 | Market trade | ₹45 Cr | Buyer: Morgan Stanley Mauritius Company Limited Seller: Kotak Mahindra Uk Ltd A/C Sandstone Capital India Master Fund Ltd |
| Dec 2009 | Funding round | ₹73.34 Cr | |
| Nov 2006 | Market trade | ₹12.6 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| Oct 2006 | Market trade | ₹8.39 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| Jun 2006 | Market trade | ₹12.65 Cr | Buyer: Sam Global Securities Lim, H J Securities Private Limited Seller: Sam Global Securities Lim, H J Securities Private Limited |
To see the full deal history of Unity Infraprojects 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
Unity Infraprojects Limited has 394 court cases on record: 103 filed by Unity Infraprojects, 291 filed against it. 81 cases are pending and 313 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 196 | 183 | 51 |
| High courts | 187 | 100 | 27 |
| NCLAT | 5 | 5 | 0 |
| Supreme Court | 4 | 1 | 3 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 394)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Sbicap Trustee Company Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Natstock Securities Pvt. Ltd. and 13 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by L and T Finance Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (RPCD) | Filed by the company against Idbi Bank Limited and 4 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by TNS Networking Solutions Pvt. Ltd. | Pending |
To see the full case history of Unity Infraprojects 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
No delayed payments to MSME suppliers are on our record for Unity Infraprojects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Unity Infraprojects has 15 subsidiary companies and 18 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Suburban Agriculture Dairy & Fisheries Pvt Ltd | U01211WB1939PTC009633 | |
| Unity Agriprojects Private Limited | U01403MH2008PTC185933 | |
| Aura Greenport Private Limited | U01403MH2008PTC188678 | |
| Unity Natural Resources Private Limited | U14200MH2008PTC181170 | |
| Urdl Bangalore Developers Private Limited | U45200MH2008PTC179231 | |
| Unity Integrated Roads Private Limited | U45200MH2008PTC185809 |
To see the full group structure of Unity Infraprojects Limited, buy the company report.
Employees & EPFO
Unity Infraprojects Limited has a workforce of 12 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Unity Infraprojects has 10 GST registrations: 4 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACU4560E1ZJ | Delhi | Active | 01 Jul 2017 |
| 10AAACU4560E1ZW | Bihar | Active | 01 Jul 2017 |
| 29AAACU4560E1ZD | Karnataka | Active | 01 Jul 2017 |
| 20AAACU4560E3ZT | Jharkhand | Active | 08 Feb 2019 |
To see the full GST registrations and return filing status of Unity Infraprojects Limited, buy the company report.
Recent activity
Unity Infraprojects Limited has 21 board changes on record since 1997: 13 appointments and 8 cessations. The latest: Prakash Baloo Chavan ceased to be Company Secretary on 08 Apr 2021.
210 earlier events are in the company report.
Frequently asked questions
Unity Infraprojects is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Unity Infraprojects is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 09 April 1997 and is registered under CIN L99999MH1997PLC107153. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Unity Infraprojects has 5 current directors:
- Abhijit Kishore Avarrsekar - Managing Director
- Kishore Krishnarao Avarsekar - Managing Director
- Chaitanya Sureshchandra Joshi - Director
- Girish Vasudeo Gokhale - Director
- Vidya Pradeep Avarsekar - Director
The latest financial statements of Unity Infraprojects on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 21 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Unity Infraprojects is L99999MH1997PLC107153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unity Infraprojects is recorded as a listed company by MCA, but trading in its shares on BSE (532746) has been suspended, so they do not currently trade on a stock exchange.
Unity Infraprojects has open charges of ₹11,891 Cr and satisfied charges of ₹395 Cr as per latest MCA filings.
Unity Infraprojects has 394 court cases on record: 103 filed by the company and 291 filed against it. 81 are pending. Most are in the district courts.
Unity Infraprojects was incorporated on 09 April 1997. It is registered with the Registrar of Companies, Mumbai.
Unity Infraprojects has 25 deals on record (21 market trades, 3 funding rounds, 1 ipo), with disclosed funding of ₹112.22 Cr; the latest was in December 2010.
The peers of Unity Infraprojects by revenue are Bhimji Velji Sorathia Construction Private Limited, KSR Infracon Private Limited, B.C.Bhuyan Constructions Private Limited, C5 Engineering Private Limited, Ayyappa Infra Projects Private Limited (Under Part IX) and 3 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).