About Foliage Real Estate Developers Private Limited
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Foliage Real Estate Developers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70101GJ2006PTC048134. Its GSTIN is 24AAACF9756D1ZO (Gujarat).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.05 Lakh. It is led by directors Nirav Mayur Shah and Nehal Mayurbhai Shah.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 304 Shakuntal Appartment Opp. C.N.Vidhyalaya Ambawadi, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹78.63 Lakh, a growth of 59% compared to the previous year. For the same year it recorded a net profit of ₹32.77 Lakh (net margin 41.7%) and EBITDA of ₹32.78 Lakh (EBITDA margin 41.7%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 16% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website foliage.in.
Company details
Contact details
Foliage Real Estate Developers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is foliage.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address304 Shakuntal Appartment Opp. C.N.Vidhyalaya Ambawadi, Ahmedabad, Gujarat, India – 380006
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Foliage Real Estate Developers 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 Foliage Real Estate Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Foliage Real Estate Developers Private Limited, buy the company report.
Financials of Foliage Real Estate Developers Private Limited
FY 2025 filings availableFoliage Real Estate Developers Private Limited reported revenue of ₹78.63 Lakh (up 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 59% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 16%. EBITDA rose 441% 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 | ₹32.78 Lakh | ||||
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| Net Profit (PAT) | ₹32.77 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 | 41.7% | ||||
| Net Profit Margin | 41.7% | ||||
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To see the full financial statements and ratios of Foliage Real Estate Developers Private Limited, buy the company report.
Board of directors of Foliage Real Estate Developers Private Limited
Foliage Real Estate Developers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Mayur Shah Also directs: Abhigam Realty LLP, Abhigam Infrastructure Development Private Limited, Prarthana Construction Pvt Ltd and 3 more | Director | 11 Feb 2014 | 12 Years 8 Months | Current |
| Nehal Mayurbhai Shah | Director | 17 Apr 2006 | 20 Years 6 Months | Current |
Auditor
Foliage Real Estate Developers Private Limited is audited by Hiren M Desai & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Hiren M Desai & Co. | FY 2023 | 113430W |
Shareholding
The shareholding of Foliage Real Estate Developers 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) | |||||
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| Others |
To see the full shareholding pattern of Foliage Real Estate Developers Private Limited, buy the company report.
Legal cases
Foliage Real Estate Developers Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Kalpeshbhai J. Shah, Directors of M/S. Vipul Water Proofers Pvt. Ltd. | Disposed |
To see the full case history of Foliage Real Estate Developers Private 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 Foliage Real Estate Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Foliage Real Estate Developers has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Foliage Real Estate Developers Private Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Foliage Real Estate Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACF9756D1ZO | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Foliage Real Estate Developers Private Limited, buy the company report.
Recent activity
Foliage Real Estate Developers Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Nirav Mayur Shah ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Foliage Real Estate Developers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 April 2006 (20+ years old) and is registered under CIN U70101GJ2006PTC048134.
Foliage Real Estate Developers has 2 current directors:
- Nirav Mayur Shah - Director
- Nehal Mayurbhai Shah - Director
The latest financial statements of Foliage Real Estate Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Foliage Real Estate Developers is 24AAACF9756D1ZO, registered in Gujarat.
The CIN (Corporate Identification Number) of Foliage Real Estate Developers is U70101GJ2006PTC048134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Foliage Real Estate Developers has 1 court case on record: 1 filed against it.
Foliage Real Estate Developers was incorporated on 17 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirav Mayur Shah ceased to be Additional Director on 30 Sep 2014. Bhavesh Prakashbhai Nagar ceased to be Director on 11 Feb 2014. Nirav Mayur Shah was appointed as Director on 11 Feb 2014. Foliage Real Estate Developers has 5 board changes on record in total.
Foliage Real Estate Developers can be reached through the website foliage.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Foliage Real Estate Developers is at 304 Shakuntal Appartment Opp. C.N.Vidhyalaya Ambawadi, Ahmedabad, Gujarat, India – 380006.