About Vikran Engineering Limited
Data last updated: 02 July 2026
Vikran Engineering Limited is a public limited company based in Thane, Maharashtra, India. It specialises in railways, a part of the broader construction sector. Incorporated on 04 June 2008, the company has been in operation for over 18 years.
Registered with ROC Mumbai under CIN L93000MH2008PLC272209. Listed.
Capital: an authorised share capital of ₹30 Cr and a paid-up capital of ₹25.79 Cr. Formerly known as Ratangiri Financial Advisory Private Limited and Vikran Engineering Limited. It is led by directors including Avinash Ashok Markhedkar and Rakesh Ashok Markhedkar.
Last AGM: 25 August 2025. Financial statements filed for year ended 31 March 2025. Office: 3 B Wing 3Rd Floor Ashar It Park, Thane, Maharashtra.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹1,249.31 Cr. The net worth stands at ₹1,237.37 Cr. Total assets are valued at ₹2,503.51 Cr.
The company has a workforce of approximately 1,045 employees as per the latest available data.
The company is associated with 1 brand - Vikran Group. As per MCA filings, the company has open charges of ₹718.53 Cr and satisfied charges of ₹1,162.19 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikrangroup.com.
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Registered AddressB – 2 & B – 3 B Wing 3Rd Floor Ashar It Park, Road No. 16 – Z Wagle Industrial Estate, Thane, Maharashtra, India – 400604
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IndustryConstruction, Railways, Roads, Utility Projects
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Vikran Engineering Limited
Vikran Engineering Limited has undergone 2 name changes throughout its history. The company was previously known as Ratangiri Financial Advisory Private Limited, and Vikran Engineering Limited. The current legal name is Vikran Engineering Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Vikran Engineering Limited | Current |
| Ratangiri Financial Advisory Private Limited | Previous |
CIN History of Vikran Engineering Limited
Vikran Engineering Limited has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L93000MH2008PLC272209, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L93000MH2008PLC272209 | Current |
| U93000MH2008PTC272209 | Previous |
| U74140WB2008PTC126384 | Previous |
| U93000MH2008PLC272209 | Previous |
| U93000WB2008PTC126384 | Previous |
Associated Brands with Vikran Engineering Limited
Vikran Engineering Limited operates one associated brand: Vikran Group. These brands represent Vikran Engineering Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Electricity is supplied with integrated services for power infrastructure projects. | vikrangroup.com |
Business Activity of Vikran Engineering Limited
Vikran Engineering Limited is engaged in the principal business activity of construction, with detailed activities including roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details for Vikran Engineering Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Vikran Engineering Limited
Vikran Engineering Limited is audited by Manish Kumar Agarwal &Co for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manish Kumar Agarwal &Co | Locked | Locked | Locked |
Complete auditor history for Vikran Engineering Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Vikran Engineering Limited
Vikran Engineering Limited is currently managed by 6 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Avinash Ashok Markhedkar
Also directs:
Vikran Engineering Limited, Seu India Performance Excellence Llp
|
Whole-Time Director | 02 Nov 2015 | 10 Years 9 Months | Current |
| Rakesh Ashok Markhedkar | Managing Director | 20 Nov 2015 | 10 Years 8 Months | Current |
|
Priti Paras Savla
Also directs:
Pitti Engineering Limited, Irb Infrastructure Developers Limited, Vikran Engineering Limited and 5 more
|
Director | 24 Sep 2024 | 1 Years 10 Months | Current |
| Rakesh Kumar Sharma | Director | 24 Sep 2024 | 1 Years 10 Months | Current |
|
Arun Bhagwan Unhale
Also directs:
Vikran Engineering Limited
|
Director | 24 Sep 2024 | 1 Years 10 Months | Current |
|
Nakul Markhedkar
Also directs:
Vikran Engineering Limited, Swarnayug Developers Llp, Vikran Renewable Private Limited and 4 more
|
Whole-Time Director | 01 Feb 2024 | 2 Years 6 Months | Current |
Financials of Vikran Engineering Limited FY 2026 filings available
Vikran Engineering Limited reported revenue of ₹1,249.31 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,249.31 Cr |
| Other Income | ₹16.96 Cr |
| Total Income | ₹1,266.27 Cr |
| Cost of Materials Consumed | ₹918.16 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹83.83 Cr |
| Finance Costs | ₹66.44 Cr |
| Depreciation & Amortisation | ₹3.41 Cr |
| Other Expenses | ₹72.19 Cr |
| Total Expenses | ₹1,144.03 Cr |
| Profit Before Exceptional Items & Tax | ₹122.24 Cr |
| Exceptional Items | -₹1.21 Cr |
| Profit Before Tax | ₹121.03 Cr |
| Total Tax Expense | ₹29.33 Cr |
| Net Profit | ₹91.7 Cr |
| attributable to Owners | ₹91.7 Cr |
| attributable to NCI | ₹0 |
| Other Comprehensive Income | ₹69 Lakh |
| Total Comprehensive Income | ₹92.39 Cr |
| EBITDA (computed) | ₹192.09 Cr |
| Basic EPS | ₹4.05 |
| Diluted EPS | ₹4.05 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹2,503.51 Cr |
| Non-current Assets | ₹109.05 Cr |
| Current Assets | ₹2,394.46 Cr |
| Property, Plant & Equipment | ₹10.84 Cr |
| Inventories | ₹79.92 Cr |
| Trade Receivables | ₹1,013.07 Cr |
| Cash & Equivalents | ₹33.27 Cr |
| Equity (Net Worth) | ₹1,237.37 Cr |
| Equity Share Capital | ₹25.79 Cr |
| Borrowings (Non-current) | ₹45.84 Cr |
| Borrowings (Current) | ₹246.43 Cr |
| Total Debt (computed) | ₹292.27 Cr |
| Current Liabilities | ₹1,209.6 Cr |
| Total Liabilities | ₹1,266.14 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹436.99 Cr |
| Investing Cash Flow | -₹155.83 Cr |
| Financing Cash Flow | ₹623.59 Cr |
| Capital Expenditure | ₹3.2 Cr |
| Free Cash Flow (computed) | -₹440.19 Cr |
| Dividends Paid | ₹3.89 Cr |
| Net Change in Cash | ₹30.77 Cr |
| Metrics | Q4 FY26 |
|---|---|
| Revenue from Operations | ₹647.4 Cr |
| Other Income | ₹6.8 Cr |
| Total Income | ₹654.2 Cr |
| Cost of Materials Consumed | ₹514.62 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹22.68 Cr |
| Finance Costs | ₹20.03 Cr |
| Depreciation & Amortisation | ₹1.03 Cr |
| Other Expenses | ₹17.91 Cr |
| Total Expenses | ₹576.27 Cr |
| Profit Before Exceptional Items & Tax | ₹77.93 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹77.93 Cr |
| Total Tax Expense | ₹21.93 Cr |
| Net Profit | ₹56 Cr |
| attributable to Owners | ₹56 Cr |
| attributable to NCI | ₹0 |
| Other Comprehensive Income | -₹38 Lakh |
| Total Comprehensive Income | ₹55.62 Cr |
| EBITDA (computed) | ₹98.99 Cr |
| Basic EPS | ₹2.17 |
| Diluted EPS | ₹2.17 |
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹1,249.31 Cr |
| Other Income | ₹16.96 Cr |
| Total Income | ₹1,266.27 Cr |
| Cost of Materials Consumed | ₹918.16 Cr |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹83.83 Cr |
| Finance Costs | ₹66.44 Cr |
| Depreciation & Amortisation | ₹3.41 Cr |
| Other Expenses | ₹72.19 Cr |
| Total Expenses | ₹1,144.03 Cr |
| Profit Before Exceptional Items & Tax | ₹122.24 Cr |
| Exceptional Items | -₹1.21 Cr |
| Profit Before Tax | ₹121.03 Cr |
| Total Tax Expense | ₹29.33 Cr |
| Net Profit | ₹91.7 Cr |
| Other Comprehensive Income | ₹69 Lakh |
| Total Comprehensive Income | ₹92.39 Cr |
| EBITDA (computed) | ₹192.09 Cr |
| Basic EPS | ₹4.05 |
| Diluted EPS | ₹4.05 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹2,503.51 Cr |
| Non-current Assets | ₹109.06 Cr |
| Current Assets | ₹2,394.45 Cr |
| Property, Plant & Equipment | ₹10.84 Cr |
| Inventories | ₹79.92 Cr |
| Trade Receivables | ₹1,013.07 Cr |
| Cash & Equivalents | ₹33.26 Cr |
| Equity (Net Worth) | ₹1,237.37 Cr |
| Equity Share Capital | ₹25.79 Cr |
| Borrowings (Non-current) | ₹45.84 Cr |
| Borrowings (Current) | ₹246.43 Cr |
| Total Debt (computed) | ₹292.27 Cr |
| Current Liabilities | ₹1,209.6 Cr |
| Total Liabilities | ₹1,266.14 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹436.99 Cr |
| Investing Cash Flow | -₹155.84 Cr |
| Financing Cash Flow | ₹623.59 Cr |
| Capital Expenditure | ₹3.2 Cr |
| Free Cash Flow (computed) | -₹440.19 Cr |
| Dividends Paid | ₹3.89 Cr |
| Net Change in Cash | ₹30.76 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹647.4 Cr | ₹266.46 Cr | ₹176.29 Cr | ₹159.16 Cr |
| Other Income | ₹6.8 Cr | ₹6.5 Cr | ₹2.99 Cr | ₹67 Lakh |
| Total Income | ₹654.2 Cr | ₹272.96 Cr | ₹179.28 Cr | ₹159.83 Cr |
| Cost of Materials Consumed | ₹514.62 Cr | ₹191.12 Cr | ₹108.04 Cr | ₹104.38 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹22.68 Cr | ₹20.92 Cr | ₹22.17 Cr | ₹18.06 Cr |
| Finance Costs | ₹20.03 Cr | ₹13.06 Cr | ₹18.05 Cr | ₹15.3 Cr |
| Depreciation & Amortisation | ₹1.03 Cr | ₹1.16 Cr | ₹59 Lakh | ₹63 Lakh |
| Other Expenses | ₹17.91 Cr | ₹19.57 Cr | ₹20.64 Cr | ₹14.07 Cr |
| Total Expenses | ₹576.27 Cr | ₹245.83 Cr | ₹169.49 Cr | ₹152.44 Cr |
| Profit Before Exceptional Items & Tax | ₹77.93 Cr | ₹27.13 Cr | ₹9.79 Cr | ₹7.39 Cr |
| Exceptional Items | ₹0 | -₹1.21 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹77.93 Cr | ₹25.92 Cr | ₹9.79 Cr | ₹7.39 Cr |
| Total Tax Expense | ₹21.93 Cr | ₹5.01 Cr | ₹65 Lakh | ₹1.74 Cr |
| Net Profit | ₹56 Cr | ₹20.91 Cr | ₹9.14 Cr | ₹5.65 Cr |
| Other Comprehensive Income | -₹38 Lakh | ₹33 Lakh | ₹0 | ₹74 Lakh |
| Total Comprehensive Income | ₹55.62 Cr | ₹21.24 Cr | ₹9.14 Cr | ₹6.39 Cr |
| EBITDA (computed) | ₹98.99 Cr | ₹41.35 Cr | ₹28.43 Cr | ₹23.32 Cr |
| Basic EPS | ₹2.17 | ₹0.81 | ₹0.44 | ₹0.31 |
| Diluted EPS | ₹2.17 | ₹0.81 | ₹0.44 | ₹0.31 |
Shareholding Pattern of Vikran Engineering Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 56.27%, foreign institutional investors hold 1.11%, domestic institutional investors hold 6.83%, retail and other public shareholders hold 35.79% of Vikran Engineering Limited. The company had 119,057 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|
| Promoters | 56.27% | 56.17% | 56.17% |
| Public | 43.73% | 43.83% | 43.83% |
Board & Governance of Vikran Engineering Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Vikran Engineering Limited has 6 directors - 3 independent and 3 executive. The board is chaired by RAKESH ASHOK MARKHEDKAR.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| RAKESH ASHOK MARKHEDKAR | Executive Director · MD · Chairperson | 2015-11-20 | 1 |
| AVINASH ASHOK MARKHEDKAR | Executive Director | 2015-11-02 | 1 |
| NAKUL MARKHEDKAR | Executive Director | 2024-02-01 | 1 |
| ARUN BHAGWAN UNHALE | Non-Executive - Independent Director | 2024-09-24 | 1 |
| RAKESH KUMAR SHARMA | Non-Executive - Independent Director | 2024-09-24 | 1 |
| PRITI PARAS SAVLA | Non-Executive - Independent Director | 2024-09-24 | 4 |
| Committee | Members |
|---|---|
| Audit Committee | PRITI PARAS SAVLA (Chairperson), RAKESH KUMAR SHARMA, NAKUL MARKHEDKAR |
| Nomination and remuneration committee | RAKESH KUMAR SHARMA (Chairperson), PRITI PARAS SAVLA, ARUN BHAGWAN UNHALE |
| Stakeholders Relationship Committee | ARUN BHAGWAN UNHALE (Chairperson), RAKESH ASHOK MARKHEDKAR, NAKUL MARKHEDKAR |
| Risk Management Committee | NAKUL MARKHEDKAR (Chairperson), RAKESH ASHOK MARKHEDKAR, RAKESH KUMAR SHARMA |
| Corporate Social Responsibility Committee | AVINASH ASHOK MARKHEDKAR (Chairperson), ARUN BHAGWAN UNHALE, RAKESH ASHOK MARKHEDKAR |
Charges & Borrowings of Vikran Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2026 | Others | ₹50 Cr | Open |
| 14 May 2025 | Idbi Trusteeship Services Limited | ₹602.33 Cr | Open |
| 17 Apr 2025 | Idbi Trusteeship Services Limited | ₹25 Cr | Open |
| 27 Feb 2025 | Others | ₹15 Cr | Open |
| 31 Oct 2024 | Others | ₹1.2 Cr | Open |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Vikran Engineering Limited
Vikran Engineering Limited has a workforce of 1,045 employees as of Apr 08, 2024.
Employee and EPFO history for Vikran Engineering Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Vikran Engineering Limited
GST registrations and filing compliance for Vikran Engineering Limited
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Credit Ratings, Litigation & Regulatory Alerts for Vikran Engineering Limited
Credit ratings, litigation, and regulatory alerts for Vikran Engineering Limited
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MSME Payment Delays by Vikran Engineering Limited
MSME payment history for Vikran Engineering Limited
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Subsidiaries & Group Companies of Vikran Engineering Limited
Corporate group structure for Vikran Engineering Limited
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MCA Filings & Documents of Vikran Engineering Limited
MCA filings and documents for Vikran Engineering Limited
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Recent Activity on Vikran Engineering Limited
Frequently Asked Questions about Vikran Engineering Limited
Vikran Engineering Limited is an active public limited company in the construction sector based in Thane, Maharashtra, India. It was incorporated on 04 June 2008 (18+ years old) and is registered under CIN L93000MH2008PLC272209. The company has 1,045 employees.
Vikran Engineering Limited reported revenue of ₹1,249.31 Cr for FY 2026 based on consolidated NSE filings.
The current directors of Vikran Engineering Limited are:
- Avinash Ashok Markhedkar - Whole-Time Director
- Rakesh Ashok Markhedkar - Managing Director
- Priti Paras Savla - Director
- Rakesh Kumar Sharma - Director
- Arun Bhagwan Unhale - Director
- Nakul Markhedkar - Whole-Time Director
The primary industry of Vikran Engineering Limited is construction. The company specifically operates in railways. The company is currently active in this sector.
Yes, Vikran Engineering Limited is a listed company.
Vikran Engineering Limited can be reached at the registered office: B – 2 & B – 3 B Wing 3Rd Floor Ashar It Park, Road No. 16 – Z Wagle Industrial Estate, Thane, Maharashtra, India – 400604, or through the website vikrangroup.com.