Verdad Projects Private Limited
About Verdad Projects Private Limited
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Verdad Projects Private Limited is a private limited company based in Kolhapur, Maharashtra, India. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 11 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2020PTC196806. Its GSTIN is 27AAHCV7869C1ZV (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors Sourabh Dinesh Chitnis and Amol Ajitrao Shinde.
Its last annual general meeting (AGM) was held on 25 January 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O. Shri S.V. Chitnis 1182/126 Mali Colony Takala, Kolhapur, Maharashtra, India – 416008.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.83 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹20.3 Lakh (net margin 2.3%) and EBITDA of ₹24.11 Lakh (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 597% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3 Cr on record. Court records list 1 case involving the company; 1 case is pending.
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- Registered AddressC/O. Shri S.V. Chitnis 1182/126 Mali Colony Takala, Kolhapur, Maharashtra, India – 416008
- IndustryInfrastructure and Utilities, Infrastructure Project Management
- 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 Verdad Projects Private Limited
The main business activity of Verdad Projects 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 Verdad Projects Private Limited FY 2024 filings available
Verdad Projects Private Limited reported revenue of ₹8.83 Cr (up 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Verdad Projects Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 597% over three years, including 79% growth in the latest year. EBITDA rose 139% 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 Verdad Projects Private Limited
| Metrics | 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 | ₹24.11 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.3 Lakh | •••• | •••• | •••• |
| 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 Verdad Projects Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• |
| Net Profit Margin | 2.3% | •••• | •••• | •••• |
| 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 Verdad Projects are in the company report.
Financial statements from FY 2021
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.
Board of Directors of Verdad Projects Private Limited
Verdad Projects has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sourabh Dinesh Chitnis | Director | 15 Jan 2024 | 2 Years 9 Months | Current |
| Amol Ajitrao Shinde | Director | 11 Dec 2020 | 5 Years 10 Months | Current |
Peer Comparison of Verdad Projects Private Limited
Verdad Projects Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhairavi Engineers and Infrastructure Private Limited | ₹8.86 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Solapur, Maharashtra, India |
| Steiner India Limited | ₹8.85 Cr (FY 2025) | •••• | •••• | -76.0% | •••• | Mumbai, Maharashtra, India |
| Rameshwaram Hospitalities Private Limited | ₹8.85 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ranchi, Jharkhand, India |
| Emerging India Housing Corporation Private Limited | ₹8.85 Cr (FY 2017) | •••• | •••• | -40.0% | •••• | New Delhi, Delhi, India |
| L. R. Builders Private Limited | ₹8.84 Cr (FY 2025) | •••• | •••• | 2304.0% | •••• | Delhi, India |
| Verdad Projects Private Limited this company | ₹8.83 Cr (FY 2024) | •••• | •••• | 79.0% | •••• | Kolhapur, Maharashtra, India |
| Constructive People Infra Projects Private Limited | ₹8.83 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | Chennai, Tamil Nadu, India |
| K.B. Patel Procon Private Limited | ₹8.82 Cr (FY 2024) | •••• | •••• | 122.0% | •••• | Ahmedabad, Gujarat, India |
| Hadiso Constructions Private Limited | ₹8.81 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | New Delhi, Delhi, India |
| GRS Projects Private Limited | ₹8.81 Cr (FY 2024) | •••• | •••• | 55.0% | •••• | Hyderabad, Telangana, India |
| SVJ Inovabuild Private Limited | ₹8.81 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Verdad Projects by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Verdad Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Feb 2024 | Others | ₹2.8 Cr | Open |
| 15 Apr 2023 | Others | ₹19.9 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Verdad Projects Private Limited
Verdad Projects Private Limited has 1 court case on record: 1 where it is another party. All case is pending. Status as checked on 28 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sangli, Maharashtra | Civil suit | Company is another party | Pending |
Full case history
All 1 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.
Employees and EPFO Compliance at Verdad Projects Private Limited
Employment history and EPFO contributions of people linked to Verdad Projects.
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 Verdad Projects Private Limited
Verdad Projects Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Ketan Bhattad ceased to be Director on 28 Feb 2025.
Credit Ratings, Litigation & Regulatory Alerts for Verdad Projects 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 Verdad Projects 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 Verdad Projects 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 Verdad Projects Private Limited
Verdad Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV7869C1ZV | Maharashtra | Active | 08 Jan 2021 |
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 Verdad Projects 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 Verdad Projects Private Limited
Verdad Projects is an active private limited company based in Kolhapur, Maharashtra, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 11 December 2020 (6+ years old) and is registered under CIN U74999PN2020PTC196806.
Verdad Projects reported revenue of ₹8.83 Cr for FY 2024 (up 79% YoY).
Verdad Projects has 2 current directors:
- Sourabh Dinesh Chitnis - Director
- Amol Ajitrao Shinde - Director
Verdad Projects reported a net profit of ₹20.3 Lakh (net margin 2.3%) and EBITDA of ₹24.11 Lakh (EBITDA margin 2.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Verdad Projects is 597% over three years. In the latest year (FY 2024) revenue rose 79%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Verdad Projects is 27AAHCV7869C1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Verdad Projects is U74999PN2020PTC196806. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Verdad Projects has 1 court case on record. 1 is pending.
Verdad Projects was incorporated on 11 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Verdad Projects by revenue are Bhairavi Engineers and Infrastructure Private Limited, Steiner India Limited, Rameshwaram Hospitalities Private Limited, Emerging India Housing Corporation Private Limited, L. R. Builders Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Ketan Bhattad ceased to be Director on 28 Feb 2025. Sourabh Dinesh Chitnis was appointed as Director on 15 Jan 2024. Sourabh Dinesh Chitnis ceased to be Director on 30 Apr 2023. Verdad Projects has 4 board changes on record in total.