- Business
- Giriraj Civil Developers Limited (GIRIRAJ.NS) operates as a civil construction contractor in India, specializing in railway infrastructure projects including railway station buildings, officer residential buildings, road over bridges (ROB), foot over bridges (FOB), car sheds, railway yards, track laying and fitting, earthworks, and railway bridges; it also undertakes local government contracts for roads, road expansions, community halls, government schools, garden developments, and related repair and maintenance activities, alongside turnkey projects encompassing planning, estimation, design, construction, and maintenance services. The company delivers comprehensive solutions to government, semi-government, corporate, and private clients primarily in the heavy construction segment across India, with a focus on Maharashtra and Gujarat regions. Incorporated on October 19, 2005, as a private limited company and converted to public limited status on January 22, 2018, with NSE SME listing on April 2, 2018, Giriraj Civil Developers Limited maintains its headquarters at 2nd Floor, Nine Square Building, Ramdas Sutarle Marg, Borivali West, Mumbai, Maharashtra.
In recent developments, the company secured contracts worth INR 479.7 million from Western Railways in May 2024 for a 6-meter wide foot over bridge between Borivali-Dahisar and construction of washing cum inspection pits at Bandra Terminus; it also won an EPC contract valued at INR 181.45 crore from North Central Railway in June 2024 for the major upgradation of Khajuraho Railway Station. Further, Giriraj Civil Developers reported robust financial growth for the fiscal year ended March 2025, with revenue reaching INR 295 crore and profit at INR 17.9 crore, reflecting compounded sales growth of 119% on a trailing twelve-month basis and strong quarterly performance including 139.74% sales increase in the latest reported quarter. Operationally, the company approved shifts including a registered office relocation in February 2025, higher borrowing limits up to INR 1,000 crore, asset disposal powers, and director remuneration increases at its September 2025 AGM; additionally, its CEO Ravindra Shamarao Sangam resigned effective December 15, 2025, with Krushang Mahesh Shah serving as Chairman and CEO.