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About Usha Projects (India) Private Limited
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Usha Projects (India) Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 15 June 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45203OR2001PTC006533. Its GSTIN is 21AAFCS4424C1ZZ (Odisha).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It is led by directors Usha Krishnan and Shaji Sivadasan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Usha House No. – 1 Surya Vihar Kiit Campus – III Patia, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.31 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.59 Cr (net margin -197.6%) and EBITDA of -₹2.35 Cr (EBITDA margin -179%). Revenue has grown at a compounded annual rate (CAGR) of 34% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Usha Projects. As per MCA filings, the company has open charges of ₹27 Lakh and satisfied charges of ₹71 Cr on record. Court records list 35 cases involving the company, including 25 filed by the company and 10 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ushaprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressUsha House No. – 1 Surya Vihar Kiit Campus – III Patia, Bhubaneswar, Odisha, India – 751024
- IndustryEngineering, Procurement & Construction (EPC), Engineering
- 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
- One PDF report, delivered after checkout
Business Activity of Usha Projects (India) Private Limited
The main business activity of Usha Projects (India) is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Usha Projects (India) Private Limited FY 2024 filings available
Usha Projects (India) Private Limited reported revenue of ₹1.31 Cr (up 29918% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Usha Projects (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years. EBITDA rose 32% 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 of Usha Projects (India) Private Limited
| 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 | -₹2.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.59 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 of Usha Projects (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -179% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -197.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Usha Projects (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Usha Projects (India) Private Limited
Usha Projects (India) Private Limited is compared with the companies closest to it by revenue in the Engineering industry (Engineering Procurement and Construction). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Heights Epc Projects Private Limited | ₹1.32 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Gurgain, Haryana, India |
| Hanaro Enterprise India Private Limited | ₹1.32 Cr (FY 2021) | •••• | •••• | 27.0% | •••• | Kanchipuram, Tamil Nadu, India |
| Shri Gajanan Maharaj Enviro Private Limited | ₹1.31 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Nagpur, Maharashtra, India |
| Revelry Technologies & Engineering Private Limited | ₹1.31 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Salipur, Odisha, India |
| Vikram Engineers Private Limited | ₹1.31 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Chennai, Tamil Nadu, India |
| Usha Projects (India) Private Limited this company | ₹1.31 Cr (FY 2025) | •••• | •••• | 29918.0% | •••• | Bhubaneswar, Odisha, India |
| Swift Tech Engineers (India) Private Limited | ₹1.31 Cr (FY 2024) | •••• | •••• | -10.0% | •••• | Chennai, Tamil Nadu, India |
| Abf Engineering International Private Limited | ₹1.31 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mangalore, Karnataka, India |
| Eco Deeds (OPC) Private Limited | ₹1.31 Cr (FY 2024) | •••• | •••• | 187.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Sri Saikarthik Power Private Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | -61.0% | •••• | Chennai, Tamil Nadu, India |
| Ingsol Engg Private Limited | ₹1.3 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Usha Projects (India) by revenue in the Engineering industry (Engineering Procurement and Construction), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Usha Projects (India) Private Limited
Usha Projects (India) Private Limited is audited by RDA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RDA AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Usha Projects (India) Private Limited
Usha Projects (India) has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Usha Krishnan Also directs: Karthik Power & Infraprojects Private Limited | Director | 15 Jun 2001 | 25 Years 3 Months | Current |
| Shaji Sivadasan Also directs: Karthik Power & Infraprojects Private Limited | Director | 15 Jun 2001 | 25 Years 3 Months | Current |
Ownership and Shareholding of Usha Projects (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Usha Projects (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jul 2024 | Indian Bank | ₹27 Lakh | Open |
| 30 Dec 2015 | Canara Bank | ₹21.41 Cr | Satisfied |
| 29 Sep 2014 | Idbi Bank Limited | ₹70 Lakh | Satisfied |
| 20 Mar 2014 | Canara Bank | ₹26.62 Cr | Satisfied |
| 12 Apr 2013 | State Bank of India Smeccc Bhubaneswar | ₹3.45 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Usha Projects (India) Private Limited
Usha Projects (India) Private Limited has 35 court cases on record: 25 filed by Usha Projects (India), 10 filed against it. 5 cases are pending and 30 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 9 | 5 |
| High courts | 12 | 1 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Arbitration matter | Filed by the company against Brahmani River Pellets Limited | Pending |
| District court, Cuttack, Odisha | Arbitration matter | Filed by the company against Tata Steel Limited | Pending |
| District court, Khurda, Odisha | Court case (EXECUITION CASES) | Filed against the company by HDFC Bank Limited | Pending |
| High Court of Orissa | Court case (RVWPET) | Filed by the company against NTPC Limited | Disposed |
| High Court of Orissa | Arbitration matter | Filed by the company against Visa Steel Limited | Disposed |
Full case history
All 35 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Usha Projects (India) Private Limited
Usha Projects (India) operates one associated brand: Usha Projects. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| EPC services, infrastructure construction, and project management are conducted by Usha Projects in India. | ushaprojects.com |
Employees and EPFO Compliance at Usha Projects (India) Private Limited
Employment history and EPFO contributions of people linked to Usha Projects (India).
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Usha Projects (India) Private Limited
Usha Projects (India) Private Limited has 7 board changes on record since 2001: 2 appointments and 5 cessations. The latest: Krishnan ceased to be Director on 14 Oct 2019.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Usha Projects (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Usha Projects (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Usha Projects (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Usha Projects (India) Private Limited
Usha Projects (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCS4424C1ZZ | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Usha Projects (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Usha Projects (India) Private Limited
Usha Projects (India) is an active private limited company based in Bhubaneswar, Odisha, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 15 June 2001 (25+ years old) and is registered under CIN U45203OR2001PTC006533.
Usha Projects (India) reported revenue of ₹1.31 Cr for FY 2025 (up 29918% YoY).
Usha Projects (India) has 2 current directors:
- Usha Krishnan - Director
- Shaji Sivadasan - Director
Usha Projects (India) reported a net loss of ₹2.59 Cr (net margin -197.6%) and EBITDA of -₹2.35 Cr (EBITDA margin -179%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Usha Projects (India) is 34% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Usha Projects (India) is 21AAFCS4424C1ZZ, registered in Odisha.
The CIN (Corporate Identification Number) of Usha Projects (India) is U45203OR2001PTC006533. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usha Projects (India) has 35 court cases on record: 25 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Usha Projects (India) was incorporated on 15 June 2001, making it 25+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Usha Projects (India) by revenue are New Heights Epc Projects Private Limited, Hanaro Enterprise India Private Limited, Shri Gajanan Maharaj Enviro Private Limited, Revelry Technologies & Engineering Private Limited, Vikram Engineers Private Limited and 5 more, all in the Engineering industry (Engineering Procurement and Construction).
Krishnan ceased to be Director on 14 Oct 2019. Suneesh Sankaran Mattathil ceased to be Director on 14 Oct 2019. Krishan Kumar ceased to be Additional Director on 29 Sep 2018. Usha Projects (India) has 7 board changes on record in total.