About First Residences Private Limited
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First Residences Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 21 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2010PTC203423. Its GSTIN is 27AABCF5359F1ZM (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Vikas Satyadeo Banka and Amit Omprakash Hiremath.
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 302 Balaji Business Centre Ram Milan Chs Subhas Road Vile Parle (East), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.22 Lakh, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹24.54 Lakh (net margin 43.6%) and EBITDA of ₹30.25 Lakh (EBITDA margin 53.8%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 1% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstresidences.in.
Company details
Contact details
First Residences Private Limited's registered office is in Mumbai, Maharashtra. Its website is firstresidences.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address302 Balaji Business Centre Ram Milan Chs Subhas Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of First Residences 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
Business activity
The main business activity of First Residences is administrative and support service activities. In detail, this covers rental and leasing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 77 | Rental and leasing activities |
To see the full business activity and turnover split of First Residences Private Limited, buy the company report.
Financials of First Residences Private Limited
FY 2025 filings availableFirst Residences Private Limited reported revenue of ₹56.22 Lakh (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 58% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 198% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹30.25 Lakh | ||||
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| Net Profit (PAT) | ₹24.54 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 | 53.8% | ||||
| Net Profit Margin | 43.6% | ||||
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To see the full financial statements and ratios of First Residences Private Limited, buy the company report.
Board of directors of First Residences Private Limited
First Residences has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Satyadeo Banka Also directs: First Cars Private Limited | Director | 29 Apr 2011 | 15 Years 6 Months | Current |
| Amit Omprakash Hiremath Also directs: First Cars Private Limited | Director | 21 May 2010 | 16 Years 5 Months | Current |
Auditor
First Residences Private Limited is audited by S Dayma & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S Dayma & Co | FY 2023 | 129986W |
Shareholding
The shareholding of First Residences Private 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 First Residences Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving First Residences 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
First Residences Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 9 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Premji Sales Company Private Ltd | |||
| S Dayma & Co |
To see the full MSME payment records of First Residences Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
First Residences has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF5359F1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of First Residences Private Limited, buy the company report.
Recent activity
First Residences Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Ashutosh Sudhir Chitnis ceased to be Director on 04 May 2023.
Frequently asked questions
First Residences is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 21 May 2010 (16+ years old) and is registered under CIN U55101MH2010PTC203423.
First Residences has 2 current directors:
- Vikas Satyadeo Banka - Director
- Amit Omprakash Hiremath - Director
The latest financial statements of First Residences on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of First Residences is 27AABCF5359F1ZM, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of First Residences is U55101MH2010PTC203423. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Residences was incorporated on 21 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashutosh Sudhir Chitnis ceased to be Director on 04 May 2023. Vikas Satyadeo Banka was appointed as Director on 29 Apr 2011. Amit Omprakash Hiremath was appointed as Director on 21 May 2010.
First Residences has 7 MSME Form 1 returns on record between 2019 and 2022, listing 9 overdue payments to 2 micro and small suppliers. The latest return was filed on 02 Sep 2023.
First Residences can be reached through the website firstresidences.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of First Residences is at 302 Balaji Business Centre Ram Milan Chs Subhas Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
First Residences operates in the financial services industry, in the real estate financing segment.
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