_PRIVATE_LIMITED.webp)
About Usha Projects (India) Private Limited
Data last updated:
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 37 cases involving the company, including 26 filed by the company and 11 filed against it; 6 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.
Company details
Contact details
Usha Projects (India) Private Limited's registered office is in Bhubaneswar, Odisha. Its website is ushaprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUsha House No. – 1 Surya Vihar Kiit Campus – III Patia, Bhubaneswar, Odisha, India – 751024
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Usha Projects (India) 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
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 |
Business activity
The main business activity of Usha Projects (India) 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 Usha Projects (India) Private Limited, buy the company report.
Financials of Usha Projects (India) Private Limited
FY 2024 filings availableUsha Projects (India) Private Limited reported revenue of ₹1.31 Cr (up 29918% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |||||
To see the full financial statements and ratios of Usha Projects (India) Private Limited, buy the company report.
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 4 Months | Current |
| Shaji Sivadasan Also directs: Karthik Power & Infraprojects Private Limited | Director | 15 Jun 2001 | 25 Years 4 Months | Current |
Auditor
Usha Projects (India) Private Limited is audited by RDA AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RDA AND ASSOCIATES | FY 2023 | 006533 |
Shareholding
The shareholding of Usha Projects (India) 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 Usha Projects (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2024 | 100963260 | Indian Bank | ₹27 Lakh | Open | |
| 30 Dec 2015 | 10613231 | Canara Bank | ₹21.41 Cr | Satisfied | |
| 29 Sep 2014 | 10549000 | Idbi Bank Limited | ₹70 Lakh | Satisfied | |
| 20 Mar 2014 | 10489605 | Canara Bank | ₹26.62 Cr | Satisfied | |
| 12 Apr 2013 | 10421892 | State Bank of India Smeccc Bhubaneswar | ₹3.45 Cr | Satisfied |
To see the full charge records of Usha Projects (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Usha Projects (India) Private Limited has 37 court cases on record: 26 filed by Usha Projects (India), 11 filed against it. 6 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 10 | 6 |
| High courts | 12 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Arbitration matter | Filed by the company against M/S Brahmani River Pellets Ltd | Pending |
| District court, Cuttack, Odisha | Arbitration matter | Filed by the company against Tata Steel Limited | Pending |
| High Court, ORISSA | Court case (RVWPET) | Filed by the company against PSR Elecon Pvt. Ltd. and 2 others | Disposed |
| High Court, ORISSA | Arbitration matter | Filed by the company against Visa Steel Ltd. | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against PSR Elecon Pvt. Ltd. and 1 other | Disposed |
To see the full case history of Usha Projects (India) 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
No delayed payments to MSME suppliers are on our record for Usha Projects (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Usha Projects (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCS4424C1ZZ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Usha Projects (India) Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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) has 2 current directors:
- Usha Krishnan - Director
- Shaji Sivadasan - Director
The latest financial statements of Usha Projects (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 37 court cases on record: 26 filed by the company and 11 filed against it. 6 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.
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.
Usha Projects (India) can be reached through the website ushaprojects.com. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Usha Projects (India) is at Usha House No. – 1 Surya Vihar Kiit Campus – III Patia, Bhubaneswar, Odisha, India – 751024.