About Aaradhana Realties Limited
Data last updated:
Aaradhana Realties Limited is a public limited company based in Thane, Maharashtra, India, a subsidiary of Imperial Consultants And Securities Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 10 December 1976.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1976PLC034721. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Essar Investments Limited. It is led by directors including Kanchan Sadashiv Maske and Vishal Sadashiv Maske.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at United Business Park, Thane, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.78 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.96 Cr (net margin -25.2%) and EBITDA of ₹11.17 Cr (EBITDA margin 94.9%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 41% over five years.
As per MCA filings, the company has open charges of ₹86.56 Cr and satisfied charges of ₹214.6 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The last known website on record is essar.com.
Company details
CIN history
Aaradhana Realties has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70100MH1976PLC034721, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1976PLC034721 | Current |
| L99999MH1976PLC034721 | Previous |
| U99999MH1976PLC034721 | Previous |
| L99999MH1984PLC034721 | Previous |
Contact details
Aaradhana Realties Limited's registered office is in Thane, Maharashtra. Its website is essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnited Business Park Unit No.202 2nd Floor Plot A 40 Road No 11 MIDC Wagle Estat, E, Thane, Maharashtra, India – 400604
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Aaradhana Realties 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 Aaradhana Realties Limited
FY 2022 filings availableAaradhana Realties Limited reported revenue of ₹11.78 Cr (up 1498% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.96 Cr | ||||
| 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.9% | ||||
| Net Profit Margin | -25.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Aaradhana Realties Limited, buy the company report.
Board of directors and KMP of Aaradhana Realties Limited
Aaradhana Realties Limited currently reports 4 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmesh Ashwin Pansar | Cfo | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Kanchan Sadashiv Maske | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Vishal Sadashiv Maske | Director | 20 Jan 2020 | 6 Years 9 Months | As last reported |
| Narottam Babulal Vyas Also directs: Ultra Green Gas Limited, Whitefin Capital Limited | Additional Director | 01 Sep 2021 | 5 Years 2 Months | As last reported |
| Atul Hasmukhrai Mehta Also directs: Mehta & Mehta Corporate Advisors LLP, Hav Lifesciences LLP, Mehta & Mehta Insolvency and Restructuring LLP and 5 more | Irp/Rp/Liquidator | 10 May 2023 | 3 Years 5 Months | As last reported |
Peer comparison
Aaradhana Realties Limited is compared with the 10 companies closest to it by revenue in the Outsourcing industry (Consulting Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orpac Systems Private Limited | ₹11.85 Cr (FY 2025) | 74.0% | Pune, Maharashtra, India | |||
| Acp Investment Advisory Private Limited | ₹11.83 Cr (FY 2024) | -12.0% | Bangalore, Karnataka, India | |||
| L K Nakashe Consultants Private Limited | ₹11.81 Cr (FY 2024) | 18.0% | Mumbai, Maharashtra, India | |||
| DMS Investment Services Private Limited | ₹11.8 Cr (FY 2025) | 3.0% | Ahemedabad, Gujarat, India | |||
| MG Trade Services (India) Private Limited | ₹11.8 Cr (FY 2024) | 26.0% | New Delhi, Delhi, India | |||
| Aaradhana Realties Limitedthis company | ₹11.78 Cr (FY 2022) | -₹2.96 Cr | -25.2% | 1498.0% | Thane, Maharashtra, India | |
| Sunidhi Finserv Private Limited | ₹11.78 Cr (FY 2025) | 0.0% | Jaipur, Rajasthan, India | |||
| Evolvence Equity Partners India Private Limited | ₹11.77 Cr (FY 2025) | 36.0% | Mumbai, Maharashtra, India | |||
| Augmenter Biz Consulting Private Limited | ₹11.76 Cr (FY 2025) | 91.0% | Navi Mumbai, Maharashtra, India | |||
| Field Leasing and Finance (India) P.Ltd. | ₹11.76 Cr (FY 2025) | -32.0% | Nagpur, Maharashtra, India | |||
| Noble Wellness Private Limited | ₹11.75 Cr (FY 2025) | 32.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aaradhana Realties Limited, buy the company report.
Auditor
Aaradhana Realties Limited is audited by Sushil Vyas & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sushil Vyas & Associates | FY 2022 | 110725W |
Shareholding
The shareholding of Aaradhana Realties Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aaradhana Realties Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2020 | 100395107 | Others | ₹56.56 Cr | Open | |
| 04 Oct 2004 | 90232296 | Central Bank of India | ₹30 Cr | Open | |
| 09 Nov 2015 | 10605686 | Profitex Shares and Securities Private Limited | ₹25 Cr | Satisfied | |
| 09 Nov 2015 | 10605907 | Enam Securities Private Limited | ₹25 Cr | Satisfied | |
| 17 Aug 2015 | 10594318 | Ecl Finance Limited | ₹35 Cr | Satisfied |
To see the full charge records of Aaradhana Realties Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Aaradhana Realties Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Prinicipal Commissioner of Income Tax 6 Mumbai | Pending |
To see the full case history of Aaradhana Realties 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 Aaradhana Realties Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aaradhana Realties Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Aaradhana Realties has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aaradhana Realties Limited, buy the company report.
Recent activity
Aaradhana Realties Limited has 24 board changes on record since 2008: 5 appointments and 19 cessations. The latest: Atul Hasmukhrai Mehta was appointed as Irp/Rp/Liquidator on 10 May 2023.
29 earlier events are in the company report.
News
Frequently asked questions
Aaradhana Realties is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Aaradhana Realties is a company under insolvency, formerly operating as a public limited company based in Thane, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 10 December 1976 and is registered under CIN U70100MH1976PLC034721. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aaradhana Realties has 5 current directors and KMP:
- Kanchan Sadashiv Maske - Director
- Vishal Sadashiv Maske - Director
- Narottam Babulal Vyas - Additional Director
- Dharmesh Ashwin Pansar - Cfo
- Atul Hasmukhrai Mehta - Irp/Rp/Liquidator
The latest financial statements of Aaradhana Realties on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aaradhana Realties is U70100MH1976PLC034721. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aaradhana Realties has open charges of ₹86.56 Cr and satisfied charges of ₹214.6 Cr as per latest MCA filings.
Aaradhana Realties has 1 court case on record: 1 filed against it. 1 is pending.
Aaradhana Realties was incorporated on 10 December 1976. It is registered with the Registrar of Companies, Mumbai.
The peers of Aaradhana Realties by revenue are Orpac Systems Private Limited, Acp Investment Advisory Private Limited, L K Nakashe Consultants Private Limited, DMS Investment Services Private Limited, MG Trade Services (India) Private Limited and 5 more, all in the Outsourcing industry (Consulting Services).
Atul Hasmukhrai Mehta was appointed as Irp/Rp/Liquidator on 10 May 2023. Narottam Babulal Vyas was appointed as Additional Director on 01 Sep 2021. Narottam Babulal Vyas ceased to be Additional Director on 23 Jul 2021. Aaradhana Realties has 24 board changes on record in total.
Aaradhana Realties can be reached through the website essar.com. Its registered office is in Thane, Maharashtra, India.
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