MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0054859
Zuari Infraworld India Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹28.17 Cr
▼ 58% YoY
Net loss · FY 2025
₹93.83 Cr
Net margin -333.1%
EBITDA · FY 2025
-₹93.38 Lakh
EBITDA margin -3.3%
Authorised capital
₹75 Cr
Registered with MCA
Paid-up capital
₹66.71 Cr
Issued & subscribed
Open charges
₹270 Cr
Satisfied ₹1,089.79 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
31
Provident fund records
About Zuari Infraworld India Limited
Data last updated:
Zuari Infraworld India Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Zuari Industries Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45309KA2007PLC043161. Its GSTIN is 29AAACZ3205D1ZM (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹66.71 Cr. It was formerly known as Zuari Developers Limited and Adventz Infraworld India Limited. It is led by directors including Alok Banerjee (Whole-Time Director) and Athar Shahab.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Adventz Centre 1st Floor No. 28 Cubbon Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.17 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹93.83 Cr (net margin -333.1%) and EBITDA of -₹93.38 Lakh (EBITDA margin -3.3%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 5% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Zuari Infra and Mayavan. As per MCA filings, the company has open charges of ₹270 Cr and satisfied charges of ₹1,089.79 Cr on record. Court records list 22 cases involving the company, including 12 filed by the company and 10 filed against it; 6 cases are pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹161 Cr; the latest was in June 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Rise Infraventures Limited with revenue of ₹28.22 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 33 overdue payments to 4 micro and small suppliers.
Zuari Infraworld India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0054859). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zuariinfra.com.
Company details
CIN U45309KA2007PLC043161
Registration Number 043161
Incorporation Date 18 June 2007
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Zuari Industries Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0054859
Name history
Zuari Infraworld India has undergone 5 name changes throughout its history. The current legal name is Zuari Infraworld India Limited.
| Company Name | Status |
|---|---|
| Zuari Infraworld India Limited | Current |
| Zuari Developers Limited | Previous |
| Adventz Infraworld India Limited | Previous |
| Zuari Developers Private Limited | Previous |
| Zuari Developers Limited | Previous |
| Anil Kumar M N Developers Private Limited | Previous |
CIN history
Zuari Infraworld India has one previous CIN (Corporate Identification Number): U45309KA2007PTC043161. The current CIN is U45309KA2007PLC043161, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45309KA2007PLC043161 | Current |
| U45309KA2007PTC043161 | Previous |
Key People
Alok Banerjee Whole-Time Director Akshar Krishnakumar Biyani Company Secretary Athar Shahab Director Recognitions & Rankings of Zuari Infraworld India
Contact details
Zuari Infraworld India Limited's registered office is in Bangalore, Karnataka. Its website is zuariinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdventz Centre 1st Floor No. 28 Cubbon Road, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Zuari Infraworld India Limited, buy the company report.
Comprehensive company report
Zuari Infraworld India 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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Brands
Zuari Infraworld India operates two associated brands: Zuari Infra and Mayavan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate firm developing apartments, villas, and townships in various Indian locations. | zuariinfra.com | |
| Real estate development specializing in townships, villas, and plots in India. | mayavan.in |
Business activity
The main business activity of Zuari Infraworld 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 Zuari Infraworld India Limited, buy the company report.
Financials of Zuari Infraworld India Limited
FY 2025 filings availableZuari Infraworld India Limited reported revenue of ₹28.17 Cr (down 58% YoY) for FY 2025.
Revenue · FY 2025
₹28.17 Cr ▼ 58%
Net loss · FY 2025
₹93.83 Cr margin -333.1%
EBITDA · FY 2025
-₹93.38 Lakh margin -3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 58%
3 years · compounded
▼ 28%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▲ 98%
3 years · compounded
▼ 27%
5 years · compounded
▼ 16%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 58% fall in the latest year. EBITDA rose 98% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹93.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹93.83 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 | -3.3% | ||||
| Net Profit Margin | -333.1% | ||||
| 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 Zuari Infraworld India Limited, buy the company report.
Board of directors and KMP of Zuari Infraworld India Limited
Zuari Infraworld India Limited currently reports 5 directors and 1 key managerial person. 23 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshar Krishnakumar Biyani | Company Secretary | 09 May 2025 | 1 Years 5 Months | Current |
| Alok Banerjee Also directs: Forte Furniture Products India Limited, Zuari International Limited, Zuari Finserv Limited and 2 more | Whole-Time Director | 02 Mar 2020 | 6 Years 8 Months | Current |
| Athar Shahab Also directs: Zuari Industries Limited, Zuari Finserv Limited, Zuari Agro Chemicals Limited and 5 more | Director | 01 Feb 2022 | 4 Years 9 Months | Current |
| Nishant Dalal Also directs: Zuari International Limited, Zuari Finserv Limited, Indian Furniture Products Limited and 1 more | Director | 14 May 2024 | 2 Years 5 Months | Current |
| Syed Mohammad Farooque Shahab | Director | 04 Aug 2022 | 4 Years 3 Months | Current |
| Vijay Vyankatesh Paranjape Also directs: Zuari Industries Limited | Director | 03 Jun 2024 | 2 Years 5 Months | Current |
Peer comparison
Zuari Infraworld India Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), 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 |
|---|---|---|---|---|---|---|
| Rise Infraventures Limited | ₹28.22 Cr (FY 2024) | 195.0% | Gurgaon, Haryana, India | |||
| Akshat Apartments Private Limited | ₹28.2 Cr (FY 2025) | -43.0% | Jaipur, Rajasthan, India | |||
| Zuari Infraworld India Limitedthis company | ₹28.17 Cr (FY 2025) | -₹93.83 Cr | -333.1% | -58.0% | 31 | Bangalore, Karnataka, India |
| Cosme Costa Construction Private Limited | ₹28.15 Cr (FY 2024) | 6.0% | Goa, India |
To see the full peer comparison of Zuari Infraworld India Limited, buy the company report.
Auditor
Zuari Infraworld India Limited is audited by VSPV & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VSPV & Co | FY 2023 | 005483N |
Shareholding
The shareholding of Zuari Infraworld India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zuari Infraworld India Limited, buy the company report.
Charges & borrowings
Open charges
₹270 Cr
Satisfied charges
₹1,089.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2024 | 100887409 | Canara Bank | ₹270 Cr | Open | |
| 01 Jun 2022 | 100582674 | Others | ₹20.28 Cr | Satisfied | |
| 26 Apr 2021 | 100447393 | Others | ₹32.5 Cr | Satisfied | |
| 01 Feb 2019 | 100240943 | Yes Bank Limited | ₹230.24 Cr | Satisfied | |
| 27 Sep 2018 | 100214871 | Others | ₹200 Cr | Satisfied |
To see the full charge records of Zuari Infraworld India Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Zuari Infraworld India Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹161 Cr; the latest was in June 2017.
Total deals
5
Funding rounds
4
Secondary share transfer
1
Disclosed funding
₹161 Cr
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2014 | Funding round | ₹6.5 Cr | Investors: Zuari Global Limited |
| Feb 2013 | Funding round | ₹40 Cr | Investors: Zuari Global Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Zuari Infrastructure & Developers Limited & R Y Patil, Zuari Infrastructure & Developers Limited & Suresh Krishnan Seller: 2 individuals |
To see the full deal history of Zuari Infraworld India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Zuari Infraworld India Limited has 22 court cases on record: 12 filed by Zuari Infraworld India, 10 filed against it. 6 cases are pending and 16 are disposed.
Total cases
22
Filed by the company
12
Filed against the company
10
Pending
6
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 10 | 6 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Ans Constructions Private Limited | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Pending |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Zuari Infraworld India 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
Zuari Infraworld India Limited was last rated by Care on 07 Nov 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Nov 2017 |
To see the full credit ratings and regulatory alerts of Zuari Infraworld India Limited, buy the company report.
MSME payment delays
Zuari Infraworld India Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 33 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Globus Management Services Private Limited | |||
| Novellus Consulting Private Limited | |||
| Aryan Wood Products Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Zuari Infraworld India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Zuari Infraworld India has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Associated companies
Employees & EPFO
Zuari Infraworld India Limited has a workforce of 31 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
Employee count
31
Active EPFO establishments
2
Employee growth
-13.89%
GST
Zuari Infraworld India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACZ3205D1ZM | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zuari Infraworld India Limited, buy the company report.
Recent activity
Zuari Infraworld India Limited has 24 board changes on record since 2007: 6 appointments and 18 cessations. The latest: Akshar Krishnakumar Biyani was appointed as Company Secretary on 09 May 2025.
AGM
Zuari Infraworld India Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Appointed
Akshar Krishnakumar Biyani was appointed as Company Secretary.
Filing
Zuari Infraworld India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Nishant Dalal ceased to be Additional Director.
Ceased
Vijay Vyankatesh Paranjape ceased to be Additional Director.
Appointed
Vijay Vyankatesh Paranjape was appointed as Director.
Appointed
Nishant Dalal was appointed as Director.
Charges
A charge with Canara Bank amounted to Rs. 270.00 Cr with Charge ID 100887409 was registered on 16 Mar 2024.
Charges
A charge registered on 01 Jun 2022 via Charge ID 100582674 with Others was fully satisfied on 19 Feb 2024.
Charges
A charge registered on 26 Apr 2021 via Charge ID 100447393 with Others was fully satisfied on 19 Feb 2024.
Charges
A charge registered on 27 Sep 2018 via Charge ID 100214871 with Others was fully satisfied on 19 Feb 2024.
Ceased
Karishma ceased to be Company Secretary.
46 earlier events are in the company report.
Frequently asked questions
Zuari Infraworld India is an active public limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 June 2007 (19+ years old) and is registered under CIN U45309KA2007PLC043161.
Zuari Infraworld India has 6 current directors and KMP:
- Alok Banerjee - Whole-Time Director
- Athar Shahab - Director
- Nishant Dalal - Director
- Syed Mohammad Farooque Shahab - Director
- Vijay Vyankatesh Paranjape - Director
- Akshar Krishnakumar Biyani - Company Secretary
The latest financial statements of Zuari Infraworld India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zuari Infraworld India is 29AAACZ3205D1ZM, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Zuari Infraworld India is U45309KA2007PLC043161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zuari Infraworld India has 22 court cases on record: 12 filed by the company and 10 filed against it. 6 are pending. Most are in the high courts.
Zuari Infraworld India was incorporated on 18 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Zuari Infraworld India has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹161 Cr; the latest was in June 2017.
The peers of Zuari Infraworld India by revenue are Rise Infraventures Limited, Akshat Apartments Private Limited, Cosme Costa Construction Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Akshar Krishnakumar Biyani was appointed as Company Secretary on 09 May 2025. Nishant Dalal ceased to be Additional Director on 24 Sep 2024. Vijay Vyankatesh Paranjape ceased to be Additional Director on 24 Sep 2024. Zuari Infraworld India has 24 board changes on record in total.
Yes, Zuari Infraworld India is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0054859).
Zuari Infraworld India has 13 MSME Form 1 returns on record between 2019 and 2023, listing 33 overdue payments to 4 micro and small suppliers. The latest return was filed on 04 Dec 2023.
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