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, including 1 filed against it; 1 case is pending.
Company details
Contact details
Verdad Projects Private Limited's registered office is in Kolhapur, Maharashtra.
- 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
Business activity
The main business activity of Verdad 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 Verdad Projects Private Limited, buy the company report.
Financials of Verdad Projects Private Limited
FY 2024 filings availableVerdad Projects Private Limited reported revenue of ₹8.83 Cr (up 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹24.11 Lakh | |||
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| Net Profit (PAT) | ₹20.3 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| 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) | ||||
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To see the full financial statements and ratios of Verdad Projects Private Limited, buy the company report.
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
Verdad 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 |
|---|---|---|---|---|---|---|
| Steiner India Limited | ₹8.85 Cr (FY 2025) | -76.0% | Mumbai, Maharashtra, India | |||
| Emerging India Housing Corporation Private Limited | ₹8.85 Cr (FY 2017) | -40.0% | New Delhi, Delhi, India | |||
| Verdad Projects Private Limitedthis company | ₹8.83 Cr (FY 2024) | ₹20.3 Lakh | 2.3% | 79.0% | Kolhapur, Maharashtra, India | |
| Constructive People Infra Projects Private Limited | ₹8.83 Cr (FY 2025) | 51.0% | Chennai, Tamil Nadu, India | |||
| Hadiso Constructions Private Limited | ₹8.81 Cr (FY 2024) | 30.0% | New Delhi, Delhi, India |
To see the full peer comparison of Verdad Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2024 | 100896374 | Others | ₹2.8 Cr | Open | |
| 15 Apr 2023 | 100705906 | Others | ₹19.9 Lakh | Open |
To see the full charge records of Verdad Projects Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Verdad Projects Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sangli, Maharashtra | Civil suit | Filed against the company by Samruddhi Building System Pvt Ltd Through Director Sachin Shashikant Malu | Pending |
To see the full case history of Verdad 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Verdad Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Verdad Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCV7869C1ZV | Maharashtra | Active | 08 Jan 2021 |
To see the full GST registrations and return filing status of Verdad Projects Private Limited, buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Sourabh Dinesh Chitnis - Director
- Amol Ajitrao Shinde - Director
The latest financial statements of Verdad Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 January 2025. Year-wise statements from FY 2021 are in the company report.
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 filed against it. 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 Steiner India Limited, Emerging India Housing Corporation Private Limited, Constructive People Infra Projects Private Limited, Hadiso Constructions Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
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.
The registered office of Verdad Projects is at CO. Shri S.V. Chitnis 1182126 Mali Colony Takala, Kolhapur, Maharashtra, India – 416008.
Verdad Projects operates in the infrastructure and utilities industry, in the infrastructure project management segment.