MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0012360
Market Cap
₹315 Cr
VNL · NSE
Share Price
₹120.77
+1.13% today
Revenue
₹339 Cr
FY 2025-26 · +6.3% YoY
EBITDA
₹51.22 Cr
Margin 15.1%
Net Profit
₹24.44 Cr
FY 2025-26 · +5.6% YoY
P/E (TTM)
10.4x
P/B 1.4x
ROE
33.7%
ROCE 29.4%
Debt / Equity
1.22
Interest cover 34.8x
About Vishal Nirmiti Limited
Data last updated:
Vishal Nirmiti Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 30 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01122MH1994PLC185445. Its GSTIN is 27AACCS9547H1ZY (Maharashtra). The company holds 14 GST registrations, of which 10 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544973 and NSE: VNL.
The company has an authorised share capital of ₹27 Cr and a paid-up capital of ₹19.8 Cr. It was formerly known as Sejal Farms Private Limited and Vinamra Trading Company Private Limited. It is led by directors including Pavan Vithaldas Tapadiya (Managing Director) and Ajay Bhagwandas Tapadiya (Managing Director).
Its last annual general meeting (AGM) was held on 20 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 303 17 Elphinstone House Marzban Road New Empire Cinema Fort, Mumbai, Maharashtra, India – 400001.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹338.68 Cr, a growth of 6.3% compared to the previous year. For the same year it recorded a net profit of ₹24.44 Cr (net margin 7.2%) and EBITDA of ₹51.22 Cr (EBITDA margin 15.1%). The net worth stands at ₹86.78 Cr (up 41% YoY). Total assets are valued at ₹179.86 Cr (up 17.4% YoY).
The company has about 213 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹140.56 Cr and satisfied charges of ₹152.81 Cr on record. Court records list 37 cases involving the company, including 25 filed by the company and 12 filed against it; 5 cases are pending. The company has 1 deal on record (1 ipo); the latest was in October 2026. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 63 overdue payments to 15 micro and small suppliers.
Vishal Nirmiti Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0012360). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vishalnirmiti.tradeindia.com.
Company details
CIN U01122MH1994PLC185445
Registration Number 185445
Incorporation Date 30 June 1994
ROC Mumbai
Listing Status Listed - Listed on NSE (VNL); Listed on BSE (544973)
Company Status Active
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0012360
Name history
Vishal Nirmiti has undergone 3 name changes throughout its history. The company was previously known as Sejal Farms Private Limited, Vinamra Trading Company Private Limited, and Vishal Nirmiti Limited. The current legal name is Vishal Nirmiti Limited.
| Company Name | Status |
|---|---|
| Vishal Nirmiti Limited | Current |
| Sejal Farms Private Limited | Previous |
| Vinamra Trading Company Private Limited | Previous |
CIN history
Vishal Nirmiti has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U01122MH1994PLC185445, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01122MH1994PLC185445 | Current |
| U01122MH1994PTC079304 | Previous |
| U01122MH1994PTC185445 | Previous |
Key People
Pavan Vithaldas Tapadiya Managing Director Ajay Bhagwandas Tapadiya Managing Director Brij Bhagwandas Tapadiya Whole-Time Director Recognitions & Rankings of Vishal Nirmiti
Contact details
Vishal Nirmiti Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address303 17 Elphinstone House Marzban Road New Empire Cinema Fort, Mumbai, Maharashtra, India – 400001
- IndustryEnvironment, Wind Energy Solutions
Comprehensive company report
Vishal Nirmiti Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Vishal Nirmiti is construction. In detail, this covers specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 43 | Specialized construction activities |
To see the full business activity and turnover split of Vishal Nirmiti Limited, buy the company report.
Financials of Vishal Nirmiti Limited
FY 2025-26 filings availableVishal Nirmiti Limited reported revenue of ₹338.68 Cr (up 6.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹339 Cr
+6.3% YoY
EBITDA
₹51.22 Cr
+10.0% YoY
Profit After Tax
₹24.44 Cr
+5.6% YoY
Net Worth
₹86.78 Cr
+41.0% YoY
Total Assets
₹180 Cr
+17.4% YoY
Total Debt
₹91.57 Cr
+2.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 339 | 319 | 243 | 267 |
| Revenue growth | +6.3% | +31.1% | -8.9% | - |
| EBITDA | 51.22 | 46.56 | 23.17 | 23.37 |
| EBITDA margin | +15.1% | +14.6% | +9.5% | +8.8% |
| Profit before tax | 33.78 | 31.48 | 4.59 | 4.15 |
| Net profit | 24.44 | 23.15 | 3.39 | 3.03 |
| Net profit margin | +7.2% | +7.3% | +1.4% | +1.1% |
| EPS (₹) | 12.61 | 131.31 | 191.42 | 167.40 |
| Balance sheet | ||||
| Total assets | 180 | 153 | 133 | 120 |
| Net worth | 86.78 | 61.56 | 42.00 | 38.16 |
| Total debt | 91.57 | 89.43 | 88.79 | 79.57 |
| Cash & bank | 7.74 | 7.99 | 9.40 | 8.33 |
| Net working capital | 67.82 | 60.65 | 70.05 | 59.54 |
| Cash flow | ||||
| Cash from operations | 27.15 | 38.20 | 29.04 | 22.22 |
| Cash from investing | (10.64) | (18.90) | (25.28) | 7.40 |
| Cash from financing | (22.06) | (14.38) | (11.09) | (23.92) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|---|
| Revenue | 86.96 | 86.96 | 110 | 101 | 64.22 | 64.22 |
| Revenue growth (YoY) | +35.4% | +35.4% | - | - | - | - |
| Other income | 0.63 | 0.63 | 2.55 | 2.68 | 0.11 | 0.11 |
| Total expenses | 73.21 | 73.21 | 93.02 | 87.21 | 53.66 | 53.66 |
| EBITDA | 13.75 | 13.75 | 16.70 | 13.30 | 10.56 | 10.56 |
| EBITDA margin | +15.8% | +15.8% | +15.2% | +13.2% | +16.4% | +16.4% |
| Depreciation | 2.49 | 2.49 | 2.25 | 2.10 | 1.71 | 1.71 |
| Interest | 3.38 | 3.38 | 4.27 | 2.64 | 4.07 | 4.07 |
| Profit before tax | 8.51 | 8.51 | 12.73 | 11.24 | 4.89 | 4.89 |
| Tax | 1.64 | 1.64 | 3.65 | 3.16 | 1.00 | 1.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 |
|---|---|---|---|---|---|---|
| Revenue | 86.96 | 86.96 | 110 | 101 | 64.22 | 64.22 |
| Revenue growth (YoY) | +35.4% | +35.4% | - | - | - | - |
| Other income | 0.63 | 0.63 | 2.55 | 2.68 | 0.11 | 0.11 |
| Total expenses | 73.21 | 73.21 | 93.02 | 87.21 | 53.66 | 53.66 |
| EBITDA | 13.75 | 13.75 | 16.70 | 13.30 | 10.56 | 10.56 |
| EBITDA margin | +15.8% | +15.8% | +15.2% | +13.2% | +16.4% | +16.4% |
| Depreciation | 2.49 | 2.49 | 2.25 | 2.10 | 1.71 | 1.71 |
| Interest | 3.38 | 3.38 | 4.27 | 2.64 | 4.07 | 4.07 |
| Profit before tax | 8.51 | 8.51 | 12.73 | 11.24 | 4.89 | 4.89 |
| Tax | 1.64 | 1.64 | 3.65 | 3.16 | 1.00 | 1.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 339 | 319 | 243 | 267 |
| Revenue growth | +6.3% | +31.1% | -8.9% | - |
| Other income | 5.46 | 6.68 | 5.05 | 4.16 |
| Total expenses | 287 | 272 | 220 | 243 |
| Employee cost | 19.92 | 19.09 | 15.36 | 14.55 |
| EBITDA | 51.22 | 46.56 | 23.17 | 23.37 |
| EBITDA margin | +15.1% | +14.6% | +9.5% | +8.8% |
| Depreciation | 7.77 | 7.47 | 9.17 | 7.27 |
| Interest | 15.13 | 14.29 | 14.46 | 16.11 |
| Profit before tax | 33.78 | 31.48 | 4.59 | 4.15 |
| Tax | 8.81 | 7.84 | 1.13 | 1.15 |
| Net profit | 24.44 | 23.15 | 3.39 | 3.03 |
| Net profit margin | +7.2% | +7.3% | +1.4% | +1.1% |
| EPS (₹) | 12.61 | 131.31 | 191.42 | 167.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 19.80 | 1.80 | 5.24 | 4.96 |
| Reserves & surplus | 66.98 | 59.76 | 36.76 | 33.20 |
| Shareholders' funds (net worth) | 86.78 | 61.56 | 42.00 | 38.16 |
| Secured loans | 67.69 | 64.88 | 68.77 | 60.32 |
| Unsecured loans | 23.88 | 24.55 | 20.02 | 19.25 |
| Total debt | 91.57 | 89.43 | 88.79 | 79.57 |
| Total liabilities | 180 | 153 | 133 | 120 |
| Assets | ||||
| Gross block | 128 | 100 | 65.81 | 48.71 |
| Net block | 102 | 83.92 | 56.76 | 48.71 |
| Capital work in progress | 6.26 | 4.35 | 0.00 | 2.94 |
| Investments | 0.00 | 0.01 | 0.01 | 0.01 |
| Inventories | 111 | 109 | 80.29 | 72.03 |
| Sundry debtors | 63.21 | 47.03 | 37.18 | 48.00 |
| Cash & bank balances | 7.74 | 7.99 | 9.40 | 8.33 |
| Loans & advances | 39.90 | 40.14 | 52.55 | 36.18 |
| Total current assets | 222 | 204 | 179 | 165 |
| Total current liabilities | 154 | 143 | 109 | 105 |
| Net working capital | 67.82 | 60.65 | 70.05 | 59.54 |
| Total assets | 180 | 153 | 133 | 120 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | (36.22) | (41.14) | (33.81) | (39.51) |
| Net cash from operating activities | 27.15 | 38.20 | 29.04 | 22.22 |
| Net cash from investing activities | (10.64) | (18.90) | (25.28) | 7.40 |
| Net cash from financing activities | (22.06) | (14.38) | (11.09) | (23.92) |
| Net change in cash | (5.54) | 4.92 | (7.33) | 5.70 |
| Closing cash | 7.74 | 7.99 | 9.40 | 8.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +6.3% | +31.1% | -8.9% | - |
| EBITDA growth | +10.0% | +101.0% | -0.9% | - |
| PBT growth | +7.3% | +585.8% | +10.6% | +9997.0% |
| Net income growth | +5.6% | +582.9% | +11.9% | - |
| Revenue CAGR (3Y) | +8.3% | - | - | - |
| EBITDA CAGR (3Y) | +29.9% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +7.4% | +7.4% | +1.4% | +1.1% |
| Return on capital employed | +29.4% | +32.0% | +15.1% | +17.0% |
| Return on net worth | +33.7% | +47.2% | +9.4% | +8.6% |
| Debt / equity | 1.22 | 1.72 | 2.10 | 2.09 |
| Long-term debt / equity | 0.39 | 0.45 | 0.38 | 0.34 |
| Interest cover | 34.82 | 36.56 | 103.29 | 100.06 |
| Efficiency & per share | ||||
| Fixed asset turnover | 2.97 | 3.83 | 4.24 | 5.47 |
| Inventory turnover | 3.07 | 3.37 | 3.19 | 3.70 |
| Debtors turnover | 6.14 | 7.56 | 5.70 | 5.56 |
| EPS (₹) | 12.61 | 131.31 | 191.42 | 167.40 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 43.83 | 342.01 | 2,142.41 | 1,944.46 |
To see the full year-wise statements and ratios of Vishal Nirmiti Limited, buy the company report.
Board of directors of Vishal Nirmiti Limited
Vishal Nirmiti has 8 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pavan Vithaldas Tapadiya Also directs: Prestress Steel LLP, Gopikishan Radhakishan and Sons LLP, Jethmal Radhakishan and Sons LLP and 5 more | Managing Director | 27 Dec 2007 | 18 Years 10 Months | Current |
| Ajay Bhagwandas Tapadiya Also directs: Natraj Prestress Concrete Private Limited, Bhagwandas Sitaram Sons LLP, Magnitude Biofuels LLP and 2 more | Managing Director | 29 Mar 1995 | 31 Years 7 Months | Current |
| Natraj Gopikishan Ladda Also directs: Vaman Prestressing Company Private Limited | Director | 27 Dec 2007 | 18 Years 10 Months | Current |
| Brij Bhagwandas Tapadiya Also directs: Prestress Steel LLP, Jethmal Radhakishan and Sons LLP, Natraj Prestress Concrete Private Limited and 3 more | Whole-Time Director | 22 Aug 2014 | 12 Years 2 Months | Current |
| Rasik Singhania | Director | 16 Sep 2025 | 1 Years 1 Months | Current |
| Dillip Kumar Nanda | Director | 16 Sep 2025 | 1 Years 1 Months | Current |
Showing 6 of 8 current directors. View all directors
Charges & borrowings
Open charges
₹140.56 Cr
Satisfied charges
₹152.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2026 | 101361148 | Canara Bank | ₹3.99 Cr | Open | |
| 02 Jul 2026 | 101342174 | Hdfc Bank Limited | ₹1.11 Cr | Open | |
| 25 Jun 2026 | 101342274 | Hdfc Bank Limited | ₹1.53 Cr | Open | |
| 15 May 2026 | 101299201 | Hdfc Bank Limited | ₹17.27 Lakh | Open | |
| 29 Jan 2026 | 101241229 | Others | ₹25.1 Cr | Open |
To see the full charge records of Vishal Nirmiti Limited, buy the company report.
Total charge records: 64 View all charges
Deals & funding
Vishal Nirmiti Limited has 1 deal on record (1 ipo); the latest was in October 2026.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2026 | IPO | ₹178 Cr | Investors: Public Market Investors Seller: Vaman Prestressing Company Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vishal Nirmiti Limited has 37 court cases on record: 25 filed by Vishal Nirmiti, 12 filed against it. 5 cases are pending and 32 are disposed.
Total cases
37
Filed by the company
25
Filed against the company
12
Pending
5
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 7 | 3 |
| District courts | 11 | 5 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Ms KMC Constructions Ltd | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by M/S SPML Infra Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against M/S SPML Infra Limited | Disposed |
| District court, Jhajjar, Haryana | Court case (APP) | Filed by the company against DSC Limited | Disposed |
| District court, Sonepat, Haryana | Execution petition | Filed by the company against DSC Ltd. | Disposed |
To see the full case history of Vishal Nirmiti 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.
Credit ratings & regulatory alerts
Vishal Nirmiti Limited was last rated by Brickwork on 06 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 06 Jul 2020 |
To see the full credit ratings and regulatory alerts of Vishal Nirmiti Limited, buy the company report.
MSME payment delays
Vishal Nirmiti Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 63 overdue payments to 15 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Evolve Aqua Solutions LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vishal Nirmiti Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vishal Nirmiti has 14 GST registrations: 10 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
14
Active
10
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS9547H1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AACCS9547H2ZX | Maharashtra | Active | 01 Apr 2025 |
| 02AACCS9547H2Z9 | Himachal Pradesh | Active | 01 Jul 2017 |
| 08AACCS9547H1ZY | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vishal Nirmiti Limited, buy the company report.
Recent activity
Vishal Nirmiti Limited has 16 board changes on record since 1995: 8 appointments and 8 cessations. The latest: Deepak Kabra was appointed as Director on 16 Sep 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 51.14 Cr registered on 13 Jan 2010 with Charge ID 10197850 was modified on 22 Sep 2026.
AGM
Vishal Nirmiti Limited last Annual general meeting of members was held on 20 Aug 2026 as per latest MCA records.
Charges
A charge with Canara Bank amounted to Rs. 3.99 Cr with Charge ID 101361148 was registered on 20 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.11 Cr with Charge ID 101342174 was registered on 02 Jul 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.53 Cr with Charge ID 101342274 was registered on 25 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.17 Cr with Charge ID 101299201 was registered on 15 May 2026.
Charges
A charge registered on 19 Apr 2024 via Charge ID 100924935 with Others was fully satisfied on 23 Apr 2026.
Filing
Vishal Nirmiti Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge registered on 31 Dec 2021 via Charge ID 100542821 with Others was fully satisfied on 13 Mar 2026.
Charges
A charge registered on 11 Nov 2021 via Charge ID 100532154 with Others was fully satisfied on 13 Mar 2026.
Charges
A charge registered on 26 Mar 2013 via Charge ID 10414456 with Others was fully satisfied on 13 Mar 2026.
Charges
A charge with Others amounted to Rs. 25.10 Cr with Charge ID 101241229 was registered on 29 Jan 2026.
130 earlier events are in the company report.
News
Frequently asked questions
Vishal Nirmiti is an active public limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 30 June 1994 (32+ years old) and is registered under CIN U01122MH1994PLC185445. Listed on BSE: 544973 and NSE: VNL.
Vishal Nirmiti reported revenue of ₹338.68 Cr for FY 2025-26 (up 6.3% YoY) based on standalone financials.
Vishal Nirmiti has 8 current directors:
- Pavan Vithaldas Tapadiya - Managing Director
- Ajay Bhagwandas Tapadiya - Managing Director
- Brij Bhagwandas Tapadiya - Whole-Time Director
- Natraj Gopikishan Ladda - Director
- Rasik Singhania - Director
- Dillip Kumar Nanda - Director
- Deepak Kabra - Director
- Truptee Brijesh Didvaniya - Director
The latest financial statements of Vishal Nirmiti on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 20 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Vishal Nirmiti is 27AACCS9547H1ZY, registered in Maharashtra. The company has 14 GST registrations in all, of which 10 are active and 4 are cancelled or inactive. Other active GSTINs include 27AACCS9547H2ZX (Maharashtra), 02AACCS9547H2Z9 (Himachal Pradesh), 08AACCS9547H1ZY (Rajasthan).
The CIN (Corporate Identification Number) of Vishal Nirmiti is U01122MH1994PLC185445. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vishal Nirmiti is a listed company as per MCA records. Its shares are listed on both BSE (code: 544973) and NSE (symbol: VNL).
Vishal Nirmiti has 37 court cases on record: 25 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
Vishal Nirmiti was incorporated on 30 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Vishal Nirmiti has 1 deal on record (1 ipo); the latest was in October 2026.
Deepak Kabra was appointed as Director on 16 Sep 2025. Dillip Kumar Nanda was appointed as Director on 16 Sep 2025. Rasik Singhania was appointed as Director on 16 Sep 2025. Vishal Nirmiti has 16 board changes on record in total.
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