MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0153912
Blue Star Realtors Limited
Blue Star Realtors Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹232.59 Cr
▲ 1135% YoY
Net profit · FY 2026
₹113.3 Cr
Net margin 48.7%
EBITDA · FY 2026
₹131.99 Cr
EBITDA margin 56.7%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.91 Cr
Issued & subscribed
Company age
36 yrs
Est. 1990
Directors on board
3
As per MCA filings
Active GSTINs
9
of 10 registered
About Blue Star Realtors Limited
Data last updated:
Blue Star Realtors Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Adani Logistics Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1990PLC055968. Its GSTIN is 27AAACB8570F2ZN (Maharashtra). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.91 Cr. It was formerly known as Blue Star Realtors India Private Limited and Blue Star Realtors Private Limited. It is led by directors including Chirag Kanaiyalal Shah and Pankaj Kumar Bhardwaj.
Its last annual general meeting (AGM) was held on 21 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 605 6th Floor Hallmark Business Plaza Opp. Guru Nanak Hospital Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2026, the company reported a revenue of ₹232.59 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹113.3 Cr (net margin 48.7%) and EBITDA of ₹131.99 Cr (EBITDA margin 56.7%). Revenue has grown at a compounded annual rate (CAGR) of 225% over three years and 719% over five years.
Court records list 39 cases involving the company, including 7 filed by the company and 32 filed against it; 5 cases are pending. The company has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹101.59 Cr; the latest was in April 2018.
Blue Star Realtors Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0153912). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45200MH1990PLC055968
Registration Number 055968
Incorporation Date 26 March 1990
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 June 2025
Date of Balance Sheet 31 March 2025
Parent Company Adani Logistics Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0153912
Name history
Blue Star Realtors has undergone 2 name changes throughout its history. The company was previously known as Blue Star Realtors India Private Limited, and Blue Star Realtors Private Limited. The current legal name is Blue Star Realtors Limited.
| Company Name | Status |
|---|---|
| Blue Star Realtors Limited | Current |
| Blue Star Realtors India Private Limited | Previous |
| Blue Star Realtors Private Limited | Previous |
CIN history
Blue Star Realtors has one previous CIN (Corporate Identification Number): U45200MH1990PTC055968. The current CIN is U45200MH1990PLC055968, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1990PLC055968 | Current |
| U45200MH1990PTC055968 | Previous |
Key People
Chirag Kanaiyalal Shah Director Pankaj Kumar Bhardwaj Director Rohit Kumar Sarda Director Recognitions & Rankings of Blue Star Realtors
Contact details
Blue Star Realtors Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address605 6th Floor Hallmark Business Plaza Opp. Guru Nanak Hospital Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Blue Star Realtors Limited, buy the company report.
Comprehensive company report
Blue Star Realtors Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Blue Star Realtors is transport and storage. In detail, this covers warehousing and storage.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage |
Financials of Blue Star Realtors Limited
FY 2025 filings availableBlue Star Realtors Limited reported revenue of ₹232.59 Cr (up 1135% YoY) for FY 2026.
Revenue · FY 2026
₹232.59 Cr ▲ 1135%
Net profit · FY 2026
₹113.3 Cr margin 48.7%
EBITDA · FY 2026
₹131.99 Cr margin 56.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 225%
5 years · compounded
▲ 719%
EBITDA CAGR growth
1 year
▲ 828%
3 years · compounded
▲ 188%
5 years · compounded
▲ 266%
Revenue has grown at a compounded annual rate (CAGR) of 719% over five years. EBITDA rose 828% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹131.99 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹113.3 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56.7% | ||||
| Net Profit Margin | 48.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Blue Star Realtors Limited, buy the company report.
Board of directors of Blue Star Realtors Limited
Blue Star Realtors has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Kanaiyalal Shah Also directs: Gangavaram Port Services (India) Limited, Sparkle Port Services Limited, Dependencia Infrastructure Limited and 2 more | Director | 24 Mar 2025 | 1 Years 7 Months | Current |
| Pankaj Kumar Bhardwaj Also directs: Madurai Infrastructure Limited, Sulochana Pedestal Limited, Adani Logistics Services Limited and 5 more | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Rohit Kumar Sarda Also directs: Dighi Port Limited, The Dhamra Port Company Limited, Dhamra Infrastructure Limited and 4 more | Director | 27 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Blue Star Realtors Limited is audited by DHARMESH PARIKH & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH & CO. LLP | FY 2023 | 112054W/W100725 |
Shareholding
The shareholding of Blue Star Realtors Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Blue Star Realtors Limited, buy the company report.
Deals & funding
Blue Star Realtors Limited has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹101.59 Cr; the latest was in April 2018.
Total deals
11
Secondary share transfers
6
Funding rounds
4
Acquisition
1
Disclosed funding
₹101.59 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Paresh Patel & Adani Logistics Limited, Abhishek Bansal & Adani Logistics Limited, Jaymeen Patel & Adani Logistics Limited Seller: 4 individuals |
| Dec 2014 | Secondary share transfer | Undisclosed | Seller: Housing Development and Infrastructure Limited |
| Dec 2014 | Acquisition | ₹280.87 Cr | Buyer: Housing Development and Infrastructure Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Seller: Maxima Agrotrade Private Limited , Mercury Realty Private Limited , Master Realtors Private Limited |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Housing Development and Infrastructure Limited , 3 individuals Seller: Sapphire Land Development Private Limited , Educational and Scientific Equipment Private Limited , Sunshine Communication Private Limited |
To see the full deal history of Blue Star Realtors Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Star Realtors Limited has 39 court cases on record: 7 filed by Blue Star Realtors, 32 filed against it. 5 cases are pending and 34 are disposed.
Total cases
39
Filed by the company
7
Filed against the company
32
Pending
5
Disposed
34
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 20 | 1 |
| High courts | 15 | 10 | 3 |
| Supreme Court | 2 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Ramnath Re-Developers Private Ltd and 6 others | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against M/S HMT Limited | Disposed |
| High Court, MAHARASHTRA | Court case (MCA) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax TDS Pune | Pending |
To see the full case history of Blue Star Realtors Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Blue Star Realtors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Blue Star Realtors has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
9
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB8570F2ZN | Maharashtra | Active | 07 Nov 2022 |
| 24AAACB8570F1ZU | Gujarat | Active | 05 Oct 2021 |
| 32AAACB8570F1ZX | Kerala | Active | 08 Jan 2022 |
| 06AAACB8570F1ZS | Haryana | Active | 28 Jun 2022 |
To see the full GST registrations and return filing status of Blue Star Realtors Limited, buy the company report.
Recent activity
Blue Star Realtors Limited has 37 board changes on record since 2002: 20 appointments and 17 cessations. The latest: Chirag Kanaiyalal Shah was appointed as Director on 24 Mar 2025.
AGM
Blue Star Realtors Limited last Annual general meeting of members was held on 21 Jun 2025 as per latest MCA records.
Filing
Blue Star Realtors Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Chirag Kanaiyalal Shah was appointed as Director.
Ceased
Pranav Choudhary ceased to be Director.
Ceased
Sushant Kumar Mishra ceased to be Director.
Appointed
Pankaj Kumar Bhardwaj was appointed as Director.
Ceased
Rajesh Kumar Jha ceased to be Director.
Appointed
Rohit Kumar Sarda was appointed as Director.
Ceased
Vikram Rupchand Jaisinghani ceased to be Director.
Appointed
Sushant Kumar Mishra was appointed as Director.
Ceased
Deepak Krishna Gopal Maheshwari ceased to be Director.
Appointed
Vikram Rupchand Jaisinghani was appointed as Director.
28 earlier events are in the company report.
Frequently asked questions
Blue Star Realtors is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 March 1990 (36+ years old) and is registered under CIN U45200MH1990PLC055968.
Blue Star Realtors has 3 current directors:
- Chirag Kanaiyalal Shah - Director
- Pankaj Kumar Bhardwaj - Director
- Rohit Kumar Sarda - Director
The latest financial statements of Blue Star Realtors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Blue Star Realtors is 27AAACB8570F2ZN, registered in Maharashtra. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACB8570F1ZU (Gujarat), 32AAACB8570F1ZX (Kerala), 06AAACB8570F1ZS (Haryana).
The CIN (Corporate Identification Number) of Blue Star Realtors is U45200MH1990PLC055968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Star Realtors has 39 court cases on record: 7 filed by the company and 32 filed against it. 5 are pending. Most are in the district courts.
Blue Star Realtors was incorporated on 26 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Blue Star Realtors has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹101.59 Cr; the latest was in April 2018.
Chirag Kanaiyalal Shah was appointed as Director on 24 Mar 2025. Pranav Choudhary ceased to be Director on 24 Mar 2025. Sushant Kumar Mishra ceased to be Director on 16 Nov 2024. Blue Star Realtors has 37 board changes on record in total.
Yes, Blue Star Realtors is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0153912).