Absolute Projects (India) Limited

EPC contracting company specializing in turnkey projects and electrical goods manufacturing.

1995 | New Delhi, Delhi (India) | Active
Last Updated:

Absolute Projects (India) Profile

Key Indicators

  • Authorised Capital ₹ 8.50 Cr
  • Paid Up Capital ₹ 7.36 Cr
  • Company Age 30 Year, 26 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 108.68 Cr
  • Satisfied Charges ₹ 140.64 Cr
  • Revenue Growth 39.89%
  • Profit Growth 35.97%
  • Ebitda 38.43%
  • Net Worth 7.58%
  • Total Assets 21.32%

About Absolute Projects (India)

Absolute Projects (India) Limited (APIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 February 1995 and has a history of 30 years. Its registered office is in New Delhi, Delhi, India.

The Corporate was formerly known as Absolute Projects Private Limited. The Company is engaged in the Energy And Power Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 8.50 Cr and a paid-up capital of Rs 7.36 Cr.

The company currently has active open charges totaling ₹108.68 Cr. The company has closed loans amounting to ₹140.64 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ranjeet Ola, Monika Bhukar, and Deependra Ola serve as directors at the Company.

Company Details

  • Location

    New Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    apil-online.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999DL1995PLC065160

  • Company No.

    065160

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Feb 1995

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Energy and Power

Who are the key members and board of directors at Absolute Projects (India)?

Board Members (3)

NameDesignationAppointment DateStatus
Deependra Ola Country flag representing In Director 10-Sep-2011Current
Ranjeet Ola Country flag representing In Director 07-Feb-1995Current
Monika Bhukar Country flag representing In Director 25-Aug-2018Current

Financial Performance of Absolute Projects (India).

Absolute Projects (India) Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 39.89% increase. The company also saw a substantial improvement in profitability, with a 35.97% increase in profit. The company's net worth moved up by a moderate rise of 7.58%.

Absolute Projects (India) revenue growth over time
Absolute Projects (India) profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
39.89%
Revenue from Operations
40.54%
Total Assets
21.32%
Profit or Loss
35.97%
Net Worth
7.58%
EBITDA
38.43%

What is the Ownership and Shareholding Structure of Absolute Projects (India)?

In 2023, Absolute Projects (India) had a promoter holding of 43.74% and a public holding of 56.25%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹108.68 Cr

Satisfied Charges

₹140.64 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 66.68 Cr
  • Axis Bank Limited : 20.00 Cr
  • Yes Bank Limited : 20.00 Cr
  • Others : 2.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 2024Hdfc Bank Limited₹1.30 CrOpen
24 Jan 2024Yes Bank Limited₹20.00 CrOpen
01 Jul 2023Others₹2.00 CrOpen
30 Mar 2023Hdfc Bank Limited₹8.80 MOpen
28 Oct 2022Axis Bank Limited₹20.00 CrOpen

How Many Employees Work at Absolute Projects (India)?

Absolute Projects (India) has a workforce of 58 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Absolute Projects (India) Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Absolute Projects (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Absolute Projects (India)'s trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Absolute Projects (India)

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.30 Cr with Charge ID 100854295 was registered on 30 Jan 2024.

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 20.00 Cr with Charge ID 100851796 was registered on 24 Jan 2024.

  • Annual General Meeting

    Absolute Projects (India) Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 17 May 2006 via Charge ID 10008208 with Vijaya Bank was fully satisfied on 13 Sep 2023.

  • Charges

    A charge registered on 21 Nov 2022 via Charge ID 100706865 with Hdfc Bank Limited was fully satisfied on 14 Jul 2023.

  • Charges

    A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100737262 was registered on 01 Jul 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Absolute Projects (India) Limited?

    Absolute Projects (India) Limited was incorporated on 07 Feb 1995.

  • What is authorized share capital and paid-up capital of Absolute Projects (India) Limited?

    The authorized share capital of Absolute Projects (India) Limited is ₹ 8.50 Cr and paid-up capital is ₹ 7.36 Cr.

  • Who are the current board members & directors of Absolute Projects (India) Limited?

    Currently 3 directors are associated with Absolute Projects (India) Limited.

    • Ranjeet Singh Ola
    • Monika Bhukar
    • Deependra Singh Ola

  • What is the registered address of Absolute Projects (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Absolute Projects (India) Limited is 4222/1Laxmi Kunj Ist Floor Ansari Road D Ganj, New Delhi, India, 110002.

  • What is the corporate identification number (CIN) and company number of Absolute Projects (India) Limited?

    The corporate identification number (CIN) of Absolute Projects (India) Limited is U74999DL1995PLC065160 and the company number is 065160 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Absolute Projects (India) Limited?

    The Official website of Absolute Projects (India) Limited is https://www.apil-online.com

  • What has been the recent revenue trend for Absolute Projects (India) Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Absolute Projects (India) Limited has risen by 39.89%.

  • How many employees does Absolute Projects (India) Limited currently have?

    As Per 2023 financial reports, 58 employees are currently employed by Absolute Projects (India) Limited.

  • What change has been observed in the net worth of Absolute Projects (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Absolute Projects (India) Limited has experienced an upsurge of 7.58%.

  • What are the total open charges for Absolute Projects (India) Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Absolute Projects (India) Limited amount to ₹ 108.68 Cr.

  • When was the last Balance Sheet of Absolute Projects (India) Limited filed with the ROC?

    The most recent Balance Sheet for Absolute Projects (India) Limited was filed with the ROC on 31 Mar 2023.

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