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TATA PROJECTS LIMITED

www.tataprojects.com
Active
Updated: 27 Jan 2026

Tata Projects Limited is an infrastructure and construction company that specializes in executing large-scale projects across various sectors. It offers services in areas such as urban infrastructure, water and wastewater management, power transmission, and industrial construction, addressing critical infrastructure needs and enhancing sustainable development.

Tata Projects Limited, is an unlisted public company incorporated on 20 February, 1979. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 300.00 cr and the total paid-up capital is INR 174.64 cr.

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Subscription Plans
Industry and products
Construction
  • strategic business units: Industrial Infrastructure; Urban Infrastructure; Quality Services; and Utility Services.
Company size
Auth Capital
₹ 300.0 Cr
Paidup Capital
₹ 174.6 Cr
Revenue
₹ >5000 cr
# Key metrics of Tata Projects Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 300.0 Cr | | | Paidup Capital | ₹ 174.6 Cr | | | Revenue | ₹ >5000 cr | | | Total Revenue | ₹16,486.8 | -6.3% | | EBITDA | ₹-34.2 | -105.74% | | Net Profit | ₹-750.7 | -639.66% | | Networth | ₹3,510.8 | 21.37% | | Borrowings | ₹6,442.3 | 26.3% | | Assets | ₹24,292.9 | 15.42% | | Gross Margin | 100.0% | 0.0 | | Operating Margin | -0.2% | -3.66 | | Net Profit Margin | -4.5% | -5.34 | | Return on Equity | -21.4% | -26.19 | | ROCE | -5.5% | -14.37 | | Debt to Equity | 1.8 | 0.07 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
-6.3%
₹ 16,486.8
EBITDA
-105.74%
₹ -34.2
Net Profit
-639.66%
₹ -750.7
Networth
21.37%
₹ 3,510.8
Borrowings
26.3%
₹ 6,442.3
Assets
15.42%
₹ 24,292.9
Gross Margin
-
100.0 %
Operating Margin
-3.66
-0.2 %
Net Profit Margin
-5.34
-4.5 %
Return on Equity
-26.19
-21.4 %
ROCE
-14.37
-5.5 %
Debt to Equity
0.07
1.8
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (245)
State Type Address

location icon Locations on Map

Map placeholder

People

Designation Name DIN/PAN Tenure
Director Nishi Vasudeva 03016991 3 years
Director Sanjay Bhandarkar 01260274 5 years
Director Sanjeev Churiwala 00489556 2 years
Managing Director Vinayak Ratnakar Pai 03637894 4 years
Director Praveer Sinha 01785164 3 years
Director Thattayampatti Ramaswamy Rangarajan 10089416 3 years
Company Secretary Sanjay Kumar Dubey <HIDDEN> 2 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 12,011.3 13,471.1 16,754.7 17,247.5 16,363.1
Operating profit 767.7 -141.5 -403.9 595.7 -34.2
Net profit 125.3 -631.4 -859.9 139.1 -750.7
Gross margin 100.0 100.0 100.0 100.0 100.0
Operating margin 6.4 -1.1 -2.4 3.5 -0.2
Net margin 1.0 -4.7 -5.1 0.8 -4.5
Networth 1,424.2 2,028.8 2,801.4 2,892.8 3,510.8
Borrowings 2,510.6 2,234.6 3,369.4 5,100.8 6,442.3
Assets 15,555.4 17,771.1 20,155.5 21,046.9 24,292.9
Debt to equity 1.8 1.1 1.2 1.8 1.8
Current ratio 1.1 1.1 1.1 1.2 1.2
ROE 8.8 -31.1 -30.7 4.8 -21.4
Days payable -1,690,840.0 789,710.0 -3,005,644.0 5,511,696.0 4,186,298.0
WC days 56.0 43.0 46.0 60.0 98.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20.2 83.0 83.0 128.7 174.6
Reserves 1,403.9 1,945.9 2,718.4 2,764.1 3,336.2
Borrowings + 2,510.6 2,234.6 3,369.4 5,100.8 6,442.3
Long term borrowings 1,593.9 996.6 1,032.1 2,100.0 3,286.0
Short term borrowings 916.7 1,238.1 2,337.3 3,000.8 3,156.4
Trade payables + 5,694.2 6,552.6 7,522.3 6,934.2 7,465.4
Days payable -1,690,840.0 789,710.0 -3,005,644.0 5,511,696.0 4,186,298.0
Other liabilities + 11,620.6 13,507.7 13,984.8 13,053.3 14,339.7
Other non-current liabilities 82.4 67.6 88.2 126.7 145.8
Other current liabilities 5,844.0 6,887.4 6,374.2 5,992.5 6,728.6
Total liabilities 15,555.4 17,771.1 20,155.5 21,046.9 24,292.9
Fixed Assets + 752.9 734.2 938.5 1,217.6 1,208.9
Tangible assets 528.9 605.2 923.3 1,055.1 994.1
CWIP 205.4 110.1 2.8 146.8 95.9
Intangible assets 18.6 19.0 12.4 15.7 119.0
LT loans and advances 3.7 6.9 8.4 10.4 12.1
Other non-current assets 485.9 764.3 848.6 1,048.4 1,342.6
Current assets + 14,312.8 16,265.7 18,360.1 18,770.4 21,729.2
Inventories 569.8 762.6 819.8 723.7 1,040.7
Trade receivables 6,466.8 6,076.5 6,440.1 6,031.4 6,213.8
Cash and cash equivalents 356.0 1,347.9 1,097.8 516.6 1,065.7
ST loans and advances 0.2 - - - -
Other current assets 6,920.1 8,078.7 10,002.4 11,498.8 13,408.9
Total assets 15,555.4 17,771.1 20,155.5 21,046.9 24,292.9
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 12,011.3 13,471.1 16,754.7 17,247.5 16,363.1
Sales growth % 14.24 12.15 24.38 2.94 -5.13
Expenses + 11,869.2 14,300.1 17,828.1 17,460.4 17,452.4
Cost of goods -1.2 3.0 -0.9 0.5 0.7
Employee cost 713.7 852.9 978.2 1,144.5 1,383.2
Other costs 10,531.1 12,756.7 16,181.4 15,506.8 15,013.4
Operating profit + 767.7 -141.5 -403.9 595.7 -34.2
Operating margin % 6.4 -1.1 -2.4 3.5 -0.2
Other income 91.4 60.1 77.4 348.6 123.7
Interest 390.5 471.5 465.2 572.7 781.5
Depreciation 235.1 216.0 204.2 235.9 273.7
Exceptional items - - - - -
Profit before tax 233.4 -769.0 -995.9 135.6 -965.6
Tax 108.1 -137.6 -136.0 -3.5 -215.0
Profit - disc. ops - - - - -
Net profit 125.3 -631.4 -859.9 139.1 -750.7
Net margin % 1.0 -4.7 -5.1 0.8 -4.5
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 1.8 1.1 1.2 1.8 1.8
Net Debt/Equity 1.5 0.4 0.8 1.6 1.5
Total Debt/Assets 0.2 0.1 0.2 0.2 0.3
Total Assets/Equity 10.9 8.8 7.2 7.3 6.9
Liquidity +
Current Ratio 1.1 1.1 1.1 1.2 1.2
Quick Ratio 1.1 1.1 1.1 1.1 1.2
Interest Coverage 2.0 -0.3 -0.9 1.0 -0.0
Performance
Gross Margin 100.0 100.0 100.0 100.0 100.0
Operating Margin 6.4 -1.1 -2.4 3.5 -0.2
Net Margin 1.0 -4.7 -5.1 0.8 -4.5
Return +
Return on Equity 8.8 -31.1 -30.7 4.8 -21.4
Pre-tax ROCE 20.4 -15.4 -19.8 8.9 -5.5
Return on Assets 0.8 -3.5 -4.3 0.7 -3.1
Pre-tax ROIC 14.9 -12.3 -12.0 4.8 -3.5
Efficiency +
Days Payable -1,690,840.0 789,710.0 -3,005,644.0 5,511,696.0 4,186,298.0
Days Inventory -169,192.0 91,905.0 -327,548.0 575,261.0 583,598.0
Days Receivable 197.0 165.0 140.0 128.0 139.0
Fixed Asset Turnover 15.9 18.4 17.9 14.2 13.5
Total Asset Turnover 0.8 0.8 0.8 0.8 0.7
Working Capital
Cash Conversion Cycle 1,521,845.0 -697,640.0 2,678,236.0 -4,936,307.0 -3,602,561.0
Working Capital Days 56.0 43.0 46.0 60.0 98.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 18,723.3 cr

2

ICICI Bank Limited

No. of Loans: 1

Total Amount : 423.0 cr

3

Export-Import Bank of India

No. of Loans: 1

Total Amount : 5.0 cr

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Charges

SBICap Trustee Company Limited
ICICI Bank Limited
Export-Import Bank of India

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
SAB MANAGEMENT SERVICES PRIVATE LIMITED
Active
8.9 L 1 West Bengal
KAKINADA CEMENTS LIMITED
Strike Off
10.0 L 1 Gujarat
TP SAURYA LIMITED
Active
0.0 1 Maharashtra
TATA POWER EV CHARGING SOLUTIONS LIMITED
Active
5.0 L 1 Maharashtra
TP SOLAR LIMITED
Active
5.0 L 2 Maharashtra
PRAYAGRAJ POWER GENERATION COMPANY LIMITED
Active
2,959.2 Cr 1 Uttar Pradesh
TATA POWER SOLAR SYSTEMS LIMITED
Amalgamated
229.8 Cr 3 Maharashtra
TATA PROJECTS LIMITED
Active
174.6 Cr 7 Telangana
NEWAGE POWER PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
WALWHAN RENEWABLE ENERGY LIMITED
Amalgamated
611.4 Cr 1
NATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED
Active
51.4 L 1 Delhi
THE TATA POWER COMPANY LIMITED
Active
319.5 Cr 2 Maharashtra
HDFC ASSET MANAGEMENT COMPANY LIMITED
Active
107.0 Cr 1 Maharashtra
CHEMPLAST SANMAR LIMITED
Active
79.1 Cr 1 Tamil Nadu
TATA CONSULTANCY SERVICES LIMITED
Active
361.8 Cr 1 Maharashtra
SIGMA SOLVE LIMITED
Active
3.0 Cr 1 Gujarat
TP SOUTHERN ODISHA DISTRIBUTION LIMITED
Active
677.9 Cr 1 Odisha
TATA POWER DELHI DISTRIBUTION LIMITED
Active
1,052.0 Cr 1 Delhi
TATA REALTY AND INFRASTRUCTURE LIMITED.
Active
3,114.9 Cr 1 Maharashtra
TATA HOUSING DEVELOPMENT COMPANY LIMITED
Active
1,281.0 Cr 2 Maharashtra
PUNE IT CITY METRO RAIL LIMITED
Active
1,315.4 Cr 1 Maharashtra
TATA POWER RENEWABLE ENERGY LIMITED
Active
1,463.1 Cr 2 Maharashtra
ABB POWER PRODUCTS AND SYSTEMS INDIA LIMITED
Active
8.5 Cr 1 Karnataka
L&T FINANCE LIMITED
Active
2,499.9 Cr 1 Maharashtra
L&T FINANCE LIMITED
Amalgamated
2,864.2 Cr 1 West Bengal
L&T INFRA CREDIT LIMITED
Amalgamated
571.6 Cr 1 Maharashtra
L&T INFRASTRUCTURE FINANCE COMPANY LIMITED
Amalgamated
1,505.3 Cr 1 Maharashtra
ATRIA CONVERGENCE TECHNOLOGIES LIMITED
Active
53.1 Cr 1 Karnataka
HCL TECHNOLOGIES LIMITED
Active
542.7 Cr 1 Delhi
CRISIL LIMITED
Active
7.3 Cr 1 Maharashtra
TQ CERT SERVICES PRIVATE LIMITED
Active
21.9 Cr 1 Telangana
ARTSON LIMITED
Active
3.7 Cr 1 Maharashtra

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
ARTSON LIMITED Maharashtra 1978 ₹ 3.7 Cr
UJJWAL PUNE LIMITED Telangana 2013 ₹ 8.6 Cr
TP LUMINAIRE PRIVATE LIMITED Telangana 2018 ₹ 5.0 Cr
TPL Services Private Limited India - -
TPL-CIL Construction LLP India - -
TQ CERT SERVICES PRIVATE LIMITED Telangana 2003 ₹ 21.9 Cr
TCC CONSTRUCTION PRIVATE LIMITED Maharashtra 2018 ₹ 1.0 Cr

Tofler Score

Fair
score img
Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • HIGH LEVERAGE
  • LOSS MAKING
  • LOW ROCE
  • PAYABLES DETERIORATING
Low Risk
  • HIGH INVENTORY
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U45203MH1979PLC454032

PAN

AAACT4119L

Incorporation

1979, 47.0 years

Company Email

cstpl@tataprojects.com

Paid up Capital

₹ 174.6 Cr

Authorised Capital

₹ 300.0 Cr

AGM

Sep 2024

Type

Public
Others

FAQ - TATA PROJECTS LIMITED

What is the incorporation date of TATA PROJECTS LIMITED?

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The incorporation date of TATA PROJECTS LIMITED is 20 February, 1979

What is the authorized share capital of TATA PROJECTS LIMITED?

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The authorized share capital of TATA PROJECTS LIMITED is INR ₹ 300.0 Cr.

What is the paid-up capital of TATA PROJECTS LIMITED?

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The paid-up capital of TATA PROJECTS LIMITED is INR ₹ 174.6 Cr.

What is the registered address of TATA PROJECTS LIMITED?

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The registered address of TATA PROJECTS LIMITED is Mithona Towers-1, 1-7-80 to 87, Prenderghast Road, Secunderabad, Hyderabad, Telangana, India, 500003 - 500003

What is the CIN number of TATA PROJECTS LIMITED?

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The CIN number of TATA PROJECTS LIMITED is U45203MH1979PLC454032.

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