Depth bar: Landlord / Grade-A park SPV on Mathura Road. Not a melt, press or machine shop. Visit-week use is qualify common-area bill or ask for a tenant intro. Use
[~]/[dir]/[!]. Do not package a 60-Day Proof as if they pour steel.
1. Company overview & snapshot
Apeejay Global Industrial and Logistic Park Limited is the unlisted public company that holds the Apeejay Global Logistics Park at 23/5 Milestone, Delhi Mathura Road, Ballabhgarh, Faridabad 121004. It sits inside Apeejay Surrendra Group real estate. The park is marketed as ~1 million sq ft [~] of Grade-A warehousing and industrial space. WhatsApp extras pin: “Apeejay surender global”. Stamped’s ICP is process manufacturers with HT bills. This legal entity is a landlord. Tenants may be Band A independently. The park company is an intro door and, at most, a common-area MD conversation.
1.1 Legal identity & corporate structure
CIN U63000HR1961PLC099818. Incorporated 8 September 1961. ROC Haryana. Active, unlisted public limited. Formerly Oriental Spun Pipe Company Limited [dir]. Registered / park address: 23/5 Milestone, Delhi Mathura Road, Ballabhgarh, Faridabad 121004. Authorised capital ₹5.00 Cr, paid-up ~₹1.99 Cr [dir]. MCA class: supporting/auxiliary transport; aggregators also tag cold storage and warehousing.
Directors (aggregator snapshots, confirm MCA before contracting): Shouvik Mandal (Director since ~Mar 2017, DIN 02706233); Narayan Das Chowdhury; Atul Khosla; Asesh Jyoti Dutta; plus recent adds that conflict across databases — The Company Check lists Ankit Jain Additional Director 12 Dec 2025; Tofler/Tracxn still show Amit Kumar Jodhani. Do not name the extra director in a first email.
Open charges cited ~₹732.81 Cr with ~₹399 Cr settled [dir] — typical of leveraged real-estate SPVs, not a fraud flag by itself. Last AGM dates disagree across vendors (Sep 2024 vs Sep 2025). Pull live MCA before any MSA.
Group map: Apeejay Real Estate (commercial, business centres, logistics parks) · sister Apeejay Infralogistics parks at Haldia and Kalinganagar · group HQ language at N 80 Connaught Place, New Delhi and 15 Park Street, Kolkata. Do not contract “Apeejay Group” as a vague name. The Faridabad park legal name is the long CIN above. Brand sites: apeejayrealestate.com park page, apeejaygloballogisticspark.com, apeejaygroup.com/warehousingindustrialparks.html.
1.2 What they make & where money comes from
They do not make parts. Revenue is lease / warehousing / park services. Marketing copy: mega e-fulfilment, auto ancillary, cement, FMCG, consumer durables, IT, grocery, appliances.
Named tenants / bookings [dir] (Apeejay Real Estate warehouse 1.3 / 1.4 thank-you copy): Savex Technologies, Hind Terminal, Hettich, IFB (shed 1.3), Redington and Zepto (shed 1.4). Facebook/park marketing also drops Kubota, Asian Paints, DHL, Ingram, 23North, Madura Coats. Group warehousing page (portfolio, not necessarily this park) names Flipkart, Samsung, Blue Dart, Nitco, Damro, JP Polymers, Berger, Panasonic Electricals. Treat the shed 1.3/1.4 list as the better Faridabad-specific set; the rest is group colour.
Export/import: landlord — N/A. Tenants import/export through the park. Ingram Micro testimonial on the park site (global security visit) is a logistics-tenant signal.
1.2a Scale, MSME status & trade (mandatory from Aug 2026)
| Field | Value | Confidence |
|---|---|---|
| Revenue (latest FY) | Tofler operating revenue INR 1 Cr – 100 Cr FY23 [dir]; FY25 P&L not on free pages | Low–medium |
| MSME class | Not a manufacturing MSME. Group real-estate SPV. Auth ₹5 Cr / paid-up ~₹1.99 Cr does not make it Micro in the plant sense. Even if turnover < ₹250 Cr, GTM treats it as landlord, not Medium manufacturer. | High |
| Employees | SPV “5 professional” [dir] vs on-site security/FM team (unnumbered). LinkedIn is group-level. | Low |
| Import intensity | N/A (landlord) | — |
| Export share | N/A (landlord) | — |
1.3 Plants, addresses & footprint
| Site | Address / role | DISCOM | Size | Visit notes |
|---|---|---|---|---|
| Ballabhgarh park (this pin) | 23/5 Milestone, Delhi Mathura Road, Faridabad 121004 · 0129-6469395 · shouvikmandal@apeejaygroup.com | DHBVN common area + separate tenant meters | ~1 million sq ft [~] operational (group page) | Qualify-first. Gate is a park, not a press shop. |
| Kolkata Hide Road park | Port-area sister under same brand | WBSEDCL / CESC (out of scope) | Part of ~3.2 million sq ft division portfolio [web] | No |
| Haldia / Kalinganagar | Apeejay Infralogistics sister | State DISCOMs | Out of scope | No |
| Kolkata HO | 15 Park Street 700016 · +91 33 4403 5455 | — | Corporate | No |
| Delhi corporate | N 80 Connaught Place 110001 · +91 11 4919 2000 | BSES | Corporate | No |
Which site does what: Ballabhgarh leases sheds and runs common infrastructure (gate, CCTV, fire, STP/ETP advertised, rainwater, UPS/power backup, lighting, parking, cafeteria, driver rooms). Tenants run their own operations inside sheds — warehouse pick/pack, or light industrial. Pilot site: none for a process 60-Day Proof on the SPV. Optional: common-area feeder if the DHBVN bill is material. Better: intro to a manufacturing tenant (Hettich, Kubota, auto-ancillary if still on site).
1.4 Leadership & CRM map — three champion types (mandatory)
| Type | Who | Why we talk to them |
|---|---|---|
| P&L / energy-bill champion | Shouvik Mandal — CEO Apeejay Real Estate; Director of this CIN. CA/CMA. LinkedIn https://www.linkedin.com/in/shouvik-mandal-0713a51a. Email shouvikmandal@apeejaygroup.com (verified on apeejaygroup.com). Phone on that page: 0129-6469395. | He feels park P&L and common-area electricity. He does not feel a tenant’s process MD. |
| Maintenance / E&I actor | Park facilities / electrical in-charge — search — unconfirmed. Advertised kit: 24×7 power backup, CCTV, fire network, STP/ETP, rainwater, illuminated yard, pumps. | They execute lighting schedules, pump/STP setpoints, UPS vs grid. Not “energy people” — facilities. |
| Production / line champion | N/A at landlord. Use tenant ops / plant head — search. Named doors to ask Shouvik about: Hettich, IFB, Savex, Hind Terminal, Kubota if still in. | Production veto lives inside the tenant. Do not invent an Apeejay “works manager”. |
Decision path: Shouvik yes on a 20-minute meeting → either (a) facilities head + two common-area DHBVN bills, or (b) he declines energy and offers a tenant intro. Do not skip to a 60-Day Proof SOW for the SPV.
1.5 Recent news (24 months) & timing for Stamped
Park marketing continues to advertise leased sheds 1.3/1.4 and e-commerce uptake. Ankit Jain additional director Dec 2025 [dir — confirm]. No park-specific NGT case found (see §6.1). Ballabhgarh municipal waste-dumping matters are village Sihi / Eco-Green, not this CIN.
Timing: Faridabad week is a drive-by qualify, not a hero stop. Useful if Shouvik is on site. Useless if the meeting is sold as “plant energy for Apeejay”.
2. Energy profile
DISCOM / supply (name early): DHBVN for Ballabhgarh industrial / warehouse connections. Expect at least two classes of meter: park common area vs tenant meters. Never add them and call it one Proof.
2.1 Bill band, tariff & demand
Park common area: ₹2–8 lakh/month [~] for lighting, HVAC in common buildings, pumps, STP/ETP, fire pumps, maybe UPS/charging. Confidence: Low. ₹30 lakh gate: No for the landlord. Band B / qualify.
Tenant meters: can be anything from LT warehouse to HT light-industrial. A manufacturing tenant (Hettich-class, auto ancillary) may independently clear Band A. That is their CIN and their DHBVN account.
State honestly: even if the Faridabad common-area bill is only a few lakh, write the rupee band with lakh in it; do not inflate it to look like a forge.
MD hypothesis (common area): evening lighting + fire-pump testing + HVAC coincidence; morning dock rush vs yard lighting overlap. Hypothesis only.
2.2 Generation, fuel & renewables
24×7 power backup advertised — DG likely for common area and as a park amenity. Rooftop solar unknown. Rainwater harvesting advertised (water, not kWh). Do not assume open access.
2.3 EnMS, PAT, ISO, BRSR
No public ISO 50001. No PAT. No BRSR for this SPV found. Quality story is Grade-A warehousing amenities, not EnMS. ISO 50001: absent.
2.4 Likely ₹ leak categories (hypothesis)
- Yard and shed-apron lighting at full night setpoint.
- Common HVAC left on in empty meeting / retiring rooms.
- Fire and hydrant jockey pumps short-cycling.
- STP/ETP blowers 24×7 without load following.
- DG vs grid poor dispatch during “backup” culture.
- Tenant-side (not SPV): conveyor, cold store, or light industrial MD — only after intro.
3. Operations, equipment & digital stack
3.1 Process flow & critical loads
Park flow: inbound trucks → gate/security → tenant docks → tenant process or storage → outbound. SPV critical electrical: lighting, pumps, STP/ETP, fire, backup, CCTV/IT, maybe a marketing office HVAC. No press, no melt, no CNC owned by Apeejay.
3.1a Machine inventory (mandatory from Aug 2026)
| Class | Present? | Count / size if public | OEM / brand if named | Notes |
|---|---|---|---|---|
| CNC / VMC / HMC | No (landlord) | — | — | May exist inside a tenant — unknown |
| HPDC / forge / HT / melt | No | — | — | Do not pitch as if they melt steel |
| Press / stamping | No (landlord) | — | — | Historical auto-ancillary tenants possible [dir] |
| Injection / print | Unknown tenant-side | — | — | — |
| Compressors / HVAC / chillers / WFI | HVAC / pumps yes (common) | Not published | Unnamed | WFI: no. Cold store possible at tenants (Hind Terminal) [~] |
| Backup DG / UPS | Advertised 24×7 power backup | Unknown kVA | Unnamed | Common-area MD vs diesel trade-off |
No public CNC/VMC/HT/Yaskawa/Buhler on the park company.
3.2 Shifts, seasonality, production pattern
Park is 24×7 security and often 24×7 tenant fulfilment (Zepto / e-com). Seasonality follows festive e-commerce, not tractor OEM shutdowns. Common-area lighting follows clock, not stroke count.
3.3 Automation, metering, SCADA/EMS/DCS
CCTV and “dedicated management team” advertised. No named EMS. Entry if they ever qualify: DHBVN common-area interval export + lighting/pump run logs. Path B. Do not propose a park-wide IoT platform.
3.4 Capex / tech projects affecting energy
Sheds 1.3/1.4 fully leased per marketing. New built-to-suit would change common load. Ask; do not assume.
4. Stamped Energy fit analysis
4.1 ICP scorecard
| Gate | Status |
|---|---|
| Geography | Pass (Ballabhgarh / Faridabad) |
| Vertical (process manufacturer) | Fail — landlord |
| Bill ≥ ₹30L/mo | Fail for SPV (₹2–8 lakh [~]); tenant maybe |
| Decision speed | Medium — group CEO, not owner-operator shop |
| Data maturity | Low for energy |
4.2 Fit score rationale
4/10: on the Mathura Road drive, useful as a door to tenants and a possible common-area Band B qualify. Not an ICP manufacturer. Score drops to 2 if the meeting is sold as plant Proof. Score rises only if a named manufacturing tenant takes the intro.
4.3 Wedge (parser-critical)
The strongest wedge is: either quantify common-area DHBVN lighting/HVAC/pump coincidence at 23/5 with a read-only ₹ action verified with evidence, or (better) a warm intro from Shouvik to a manufacturing tenant whose own meter could support a plant 60-Day Proof — never a melt-shop pitch to the landlord.
4.4 Objections & competitors
“We are not a factory” — agree; that is the opener. “Tenants pay their own bills” — then ask for the intro. “We already have FM / BMS” — Stamped is not another CCTV vendor. Competitors: facility-management companies, lighting ESCO, solar rooftop vendors.
4.5 Pilot design
Visit week: 20 minutes, two questions: (1) who holds the common-area DHBVN consumer number and what is last month’s rupee, (2) which manufacturing tenant would take a warm intro. Kill the SPV Proof if common-area is below even a relationship Band B, or if Shouvik wants a park-wide ESG story.
Do not scope a 60-Day Proof that treats the park as one process plant.
4.6 Concern scores (1–10) and who owns them (mandatory from Aug 2026)
| Concern | Score | Who owns it | Why this score |
|---|---|---|---|
| Energy / electricity bill | 4 | Shouvik Mandal | Common-area ₹2–8 lakh/month [~] is a cost line, not a weekly crisis; tenants’ HT is not his P&L |
| Maintenance / uptime / utilities | 5 | Park facilities / electrical (unconfirmed) | UPS, fire, pumps, rainwater, CCTV are advertised; night call-outs are FM, not melt |
| Production line / OEE / dispatch | 2 | Tenant ops — search | Landlord has no line. Tenant dispatch is their problem. |
| Overall plant efficiency | 3 | Shouvik / park GM | Occupancy and Grade-A SLA matter more than SEC |
4.7 Pitch sketches (draft — human will refine)
-
P&L / bill (Shouvik): I know 23/5 is a park. I am not here to sell a 60-Day Proof as if Apeejay melts steel. If common-area DHBVN is a few lakh a month, we can sit read-only on that meter, put lighting/pump actions on WhatsApp, and keep it verified with evidence. If the real money is inside Hettich or another manufacturing tenant, a warm intro is more useful than a landlord Proof.
-
Maintenance (facilities in-charge): You already own fire pumps, STP blowers, yard lights and backup. We do not replace the FM contract. We name which 15-minute window set the common-area MD and who can stagger it. You execute. No new app.
-
Production (tenant plant head, after intro): This meeting is not with Apeejay’s board. It is your DHBVN meter inside the shed. Press, weld, CNC or warehouse cold-store — whatever you actually run. Stamped stays read-only. Apeejay is only the introduction.
5. Before you reach out
5.1 Discovery checklist
- Confirm 23/5 gate is Apeejay Global Logistics Park (not a tenant’s board).
- Common-area vs tenant DHBVN consumer numbers.
- Two common-area bills — band in lakh, MD, PF.
- Which sheds are manufacturing vs pure warehouse.
- Still-current tenants: Hettich, IFB, Savex, Hind Terminal, Kubota.
- Who is park facilities / electrical.
- DG kVA and who pays diesel.
- Whether Shouvik will intro or only talk lease.
- Contracting CIN vs “Apeejay Real Estate” brand.
- Open-charge / lender consent if they ever wanted a paid project (unlikely this week).
5.2 Do not lead with
- Do not lead with a 60-Day Proof as if they melt steel, dashboards, AI, ESG-first, or “verified on the next DISCOM bill”.
- Do not lead with LNM Auto as a peer (different species).
- Do not walk a tenant shed without an intro.
5.3 Opening hooks (email / call / WhatsApp)
“Landlord, not a press shop. Two options: common-area DHBVN, or an intro to a manufacturing tenant. Read-only, rupees on WhatsApp, verified with evidence. Twenty minutes at 23/5.”
6. Risks, flags, controversies & sources
6.1 Integrity / controversy / regulatory (search explicitly)
Searched: “Apeejay Global Logistics Park” / “Apeejay Global Industrial and Logistic Park” + NGT, HSPCB, lawsuit, fraud, labour, raid (2024–2026). No company-named controversy hit found. Ballabhgarh NGT waste-dumping coverage concerns municipal sites (e.g. Sihi / Eco-Green), not this park. ICD diesel-truck NGT/SC matters are Concor/Tughlakabad, not Apeejay. None found on this CIN. Do not attach. Open charges ~₹733 Cr [dir] are secured debt on a real-estate SPV, not a scandal.
6.2 Data quality flags
- Landlord vs manufacturer — primary GTM risk.
- Tenant list is marketing; occupancy changes.
- Director list conflict (Ankit Jain vs Amit Jodhani).
- Common-area bill ₹2–8 lakh
[~]unverified. - SPV employee count 5 vs on-site headcount.
- WhatsApp spelling “surender” vs Surrendra.
- Group LinkedIn vs thin park-company page.
6.3 Sources consulted
- https://apeejayrealestate.com/real-estate/apeejay-global-logistics-park-ballabhgarh/
- https://apeejaygroup.com/warehousingindustrialparks.html (Shouvik email/phone verified)
- https://apeejaygloballogisticspark.com/
- The Company Check / Tofler / Tracxn CIN U63000HR1961PLC099818
- Apeejay Real Estate warehouse 1.3/1.4 tenant thank-you post
- LinkedIn Shouvik Mandal
- Campaign brief 17; ICP; messaging canon; DHBVN
- Apollo: not used