About Candlesai Developers Private Limited
Data last updated:
Candlesai Developers Private Limited is a private limited company based in Bhubaneswar, Odisha, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 29 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U70103OR2017PTC028128. Its GSTIN is 21AAHCC3440N1ZS (Odisha).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Reema Mahanti and Gopinath Mohanti.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No.607 Block – 5 Club Town Appt Damana Square Cspur, Bhubaneswar, Odisha, India – 751024.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.18 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹18.7 Lakh and EBITDA of -₹20.45 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sugarcaneapartments.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No.607 Block – 5 Club Town Appt Damana Square Cspur, Bhubaneswar, Odisha, India – 751024
- IndustryFinancial Services, Real Estate Financing
- 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
- One PDF report, delivered after checkout
Business Activity of Candlesai Developers Private Limited
The main business activity of Candlesai Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Candlesai Developers Private Limited FY 2025 filings available
Candlesai Developers Private Limited reported revenue of ₹3.18 Lakh (down 85% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Candlesai Developers Private Limited
Revenue fell 85% in the latest year. EBITDA fell 405% 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 of Candlesai Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹20.45 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.7 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Candlesai Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Candlesai Developers are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Candlesai Developers Private Limited
Candlesai Developers Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Builders and Developers, Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alfran Construction Private Limited | ₹3.19 Lakh (FY 2024) | •••• | •••• | 1126.0% | •••• | Goa, India |
| Real Virtual Works Private Limited | ₹3.19 Lakh (FY 2024) | •••• | •••• | 1166.0% | •••• | Delhi, India |
| Agrr Filaments Private Limited | ₹3.18 Lakh (FY 2024) | •••• | •••• | -1.0% | •••• | Kashipur, Uttarakhand, India |
| Avi Buildcon Private Limited | ₹3.18 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Mandi Dabwali, Haryana, India |
| Savaliya Developers Pvt Ltd | ₹3.18 Lakh (FY 2024) | •••• | •••• | -89.0% | •••• | Ahmedabad, Gujarat, India |
| Candlesai Developers Private Limited this company | ₹3.18 Lakh (FY 2025) | •••• | •••• | -85.0% | •••• | Bhubaneswar, Odisha, India |
| Omega Technobuild Private Limited | ₹3.18 Lakh (FY 2024) | •••• | •••• | -79.0% | •••• | Delhi, India |
| Indium Properties Private Limited | ₹3.18 Lakh (FY 2024) | •••• | •••• | 549.0% | •••• | Bangalore, Karnataka, India |
| Vatsal Housing Private Limited | ₹3.18 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Kolkata, West Bengal, India |
| Rudra Realtors Private Limited | ₹3.18 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Kapashera Boder, Delhi, India |
| Merlin Acropolis Retail Private Limited | ₹3.18 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Candlesai Developers by revenue in the BFSI industry (Builders and Developers, Real Estate Leasing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Candlesai Developers Private Limited
Candlesai Developers Private Limited is audited by BATRA SWAIN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BATRA SWAIN & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Candlesai Developers Private Limited
Candlesai Developers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reema Mahanti | Director | 29 Dec 2017 | 8 Years 9 Months | Current |
| Gopinath Mohanti | Director | 29 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Candlesai Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Candlesai Developers Private Limited
Candlesai Developers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Candlesai Developers Private Limited
Employment history and EPFO contributions of people linked to Candlesai Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Candlesai Developers Private Limited
Candlesai Developers Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Gopinath Mohanti was appointed as Director on 29 Dec 2017.
Credit Ratings, Litigation & Regulatory Alerts for Candlesai Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Candlesai Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Candlesai Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Candlesai Developers Private Limited
Candlesai Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAHCC3440N1ZS | Odisha | Active | 02 Dec 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Candlesai Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Candlesai Developers Private Limited
Candlesai Developers is an active private limited company based in Bhubaneswar, Odisha, India. The company works in real estate financing, within the financial services industry. It was incorporated on 29 December 2017 (9+ years old) and is registered under CIN U70103OR2017PTC028128.
Candlesai Developers reported revenue of ₹3.18 Lakh for FY 2025 (down 85% YoY).
Candlesai Developers has 2 current directors:
- Reema Mahanti - Director
- Gopinath Mohanti - Director
Candlesai Developers reported a net loss of ₹18.7 Lakh and EBITDA of -₹20.45 Lakh for FY 2025, as per its filed financial statements.
The GSTIN of Candlesai Developers is 21AAHCC3440N1ZS, registered in Odisha.
The CIN (Corporate Identification Number) of Candlesai Developers is U70103OR2017PTC028128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candlesai Developers was incorporated on 29 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Candlesai Developers by revenue are Alfran Construction Private Limited, Real Virtual Works Private Limited, Agrr Filaments Private Limited, Avi Buildcon Private Limited, Savaliya Developers Pvt Ltd and 5 more, all in the BFSI industry (Builders and Developers, Real Estate Leasing).
Gopinath Mohanti was appointed as Director on 29 Dec 2017. Reema Mahanti was appointed as Director on 29 Dec 2017.
Candlesai Developers can be reached through the website sugarcaneapartments.in. Its registered office is in Bhubaneswar, Odisha, India.
The registered office of Candlesai Developers is at Flat No.607 Block – 5 Club Town Appt Damana Square Cspur, Bhubaneswar, Odisha, India – 751024.