Asawari Property Private Limited
About Asawari Property Private Limited
Data last updated:
Asawari Property Private Limited is a private limited company based in Vadodara, Gujarat, India, a subsidiary of Shanghvi Finance Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 May 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70100GJ1998PTC034188.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹27 Cr. It was formerly known as Sparc Bio Research Private Limited. It is led by directors Raj Jaysingh Kariya and Ashok Indulal Bhuta.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground Floor Synergy House No. 1, Subhanpura Road Vadodara, Gujarat, India – 390003.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.08 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net loss of ₹12.62 Lakh (net margin -11.7%) and EBITDA of ₹1.05 Cr (EBITDA margin 97.1%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Asawari Property has one previous CIN (Corporate Identification Number): U73100GJ1998PTC034188. The current CIN is U70100GJ1998PTC034188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100GJ1998PTC034188 | Current |
| U73100GJ1998PTC034188 | Previous |
Contact details
Asawari Property Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressGround Floor Synergy House No. 1, Subhanpura Road Vadodara, Gujarat, India – 390003
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Asawari Property Private Limited, buy the company report.
- 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
Financials of Asawari Property Private Limited
FY 2025 filings availableAsawari Property Private Limited reported revenue of ₹1.08 Cr (up 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 39% in the latest year. EBITDA rose 38% in the latest 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 |
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| EBITDA | ₹1.05 Cr | ||||
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| Net Profit (PAT) | -₹12.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 97.1% | ||||
| Net Profit Margin | -11.7% | ||||
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To see the full financial statements and ratios of Asawari Property Private Limited, buy the company report.
Board of directors of Asawari Property Private Limited
Asawari Property has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Indulal Bhuta Also directs: Asawari Petro Services LLP, Sidmak Laboratories (India) Private Limited, Sanghvi Properties Pvt Ltd and 5 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Raj Jaysingh Kariya Also directs: Sidmak Laboratories (India) Private Limited, Sanghvi Properties Pvt Ltd, Cannon Realty Private Limited and 5 more | Director | 21 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Asawari Property Private Limited is audited by VALIA & TIMBADIA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VALIA & TIMBADIA | FY 2022 | 112241W |
Shareholding
The shareholding of Asawari Property Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Asawari Property Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Asawari Property Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asawari Property Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Asawari Property Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Asawari Property Private Limited has 13 board changes on record since 2014: 2 appointments and 11 cessations. The latest: Ashok Indulal Bhuta was appointed as Additional Director on 10 Nov 2025.
4 earlier events are in the company report.
Frequently asked questions
Asawari Property is an active private limited company based in Vadodara, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 May 1998 (28+ years old) and is registered under CIN U70100GJ1998PTC034188.
Asawari Property has 2 current directors:
- Ashok Indulal Bhuta - Additional Director
- Raj Jaysingh Kariya - Director
The latest financial statements of Asawari Property on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Asawari Property is U70100GJ1998PTC034188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asawari Property was incorporated on 29 May 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashok Indulal Bhuta was appointed as Additional Director on 10 Nov 2025. Raj Jaysingh Kariya ceased to be Additional Director on 20 Aug 2025. Raj Jaysingh Kariya was appointed as Director on 21 Apr 2025. Asawari Property has 13 board changes on record in total.
The registered office of Asawari Property is at Ground Floor Synergy House No. 1, Subhanpura Road Vadodara, Gujarat, India – 390003.
Asawari Property operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of Asawari Property is compliant as of 27 August 2026. The company is actively filing with the Registrar of Companies.
Yes. Asawari Property was formerly known as Sparc Bio Research Private Limited.