Ace Housing and Construction Private Limited
About Ace Housing and Construction Private Limited
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Ace Housing and Construction Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1996PTC096396. Its GSTIN is 27AAACC2666D3ZW (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹49.14 Lakh. It was formerly known as Ace Housing and Construction Limited. It is led by directors including Danishmand Mohamed Ali Merchant (Whole-Time Director) and Kalu Shankar Kamble.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1 Rock Dale Streetsebastian Road Bandra West, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.57 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 25.9%) and EBITDA of ₹3.8 Cr (EBITDA margin 36%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 10% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.42 Cr and satisfied charges of ₹389.78 Cr on record. Court records list 55 cases involving the company, including 19 filed by the company and 36 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Ace Housing and Construction has one previous CIN (Corporate Identification Number): U45200MH1996PLC096396. The current CIN is U45200MH1996PTC096396, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1996PTC096396 | Current |
| U45200MH1996PLC096396 | Previous |
Contact details
Ace Housing and Construction Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1 Rock Dale Streetsebastian Road Bandra West, Mumbai, Maharashtra, India – 400050
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ace Housing and Construction 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 Ace Housing and Construction is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Ace Housing and Construction Private Limited, buy the company report.
Financials of Ace Housing and Construction Private Limited
FY 2024 filings availableAce Housing and Construction Private Limited reported revenue of ₹10.57 Cr (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 62% fall in the latest year. EBITDA fell 57% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.8 Cr | ||||
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| Net Profit (PAT) | ₹2.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36% | ||||
| Net Profit Margin | 25.9% | ||||
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To see the full financial statements and ratios of Ace Housing and Construction Private Limited, buy the company report.
Board of directors of Ace Housing and Construction Private Limited
Ace Housing and Construction has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Danishmand Mohamed Ali Merchant Also directs: Amrfina Construction LLP, Acerock Construction LLP, Orbit Morya Buildcon Private Limited and 1 more | Whole-Time Director | 18 Jan 1996 | 30 Years 9 Months | Current |
| Kalu Shankar Kamble | Director | 15 May 2007 | 19 Years 5 Months | Current |
| Anam Merchant Sadiq | Director | 03 Feb 2017 | 9 Years 8 Months | Current |
| Hurmatali Mohammedali Merchant | Director | 24 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Ace Housing and Construction Private Limited is compared with the 7 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JSS Buildcon Private Limited | ₹10.6 Cr (FY 2024) | -66.0% | Delhi, India | |||
| Allotrope (India) Pvt.Ltd. | ₹10.58 Cr (FY 2025) | 73.0% | Kolkata, West Bengal, India | |||
| Atero Infra Private Limited | ₹10.58 Cr (FY 2021) | 2.0% | New Delhi, Delhi, India | |||
| Ace Housing and Construction Private Limitedthis company | ₹10.57 Cr (FY 2024) | ₹2.74 Cr | 25.9% | -62.0% | 5 | Mumbai, Maharashtra, India |
| Rathik Industrial & Logistics Park Private Limited | ₹10.57 Cr (FY 2025) | 68.0% | Mumbai, Maharashtra, India | |||
| RLTS Infra Private Limited | ₹10.57 Cr (FY 2025) | -22.0% | Khanauri, Punjab, India | |||
| Shreekrishna Landbase Pvivate Limited | ₹10.56 Cr (FY 2023) | 28.0% | Jaipur, Rajasthan, India | |||
| SV Infrastructure Technologies Private Limited | ₹10.56 Cr (FY 2024) | Kancheepuram, Tamil Nadu, India |
To see the full peer comparison of Ace Housing and Construction Private Limited, buy the company report.
Auditor
Ace Housing and Construction Private Limited is audited by J GANDHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J GANDHI & CO. | FY 2023 | 102991W |
Shareholding
The shareholding of Ace Housing and Construction 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 Ace Housing and Construction Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 1999 | 90159814 | Shivshahi Punarvasan Prakalp Ltd | ₹12.42 Cr | Open | |
| 12 Dec 2019 | 100312748 | Others | ₹5 Cr | Satisfied | |
| 16 May 2018 | 100199412 | Others | ₹25 Cr | Satisfied | |
| 22 Dec 2017 | 100154243 | Others | ₹30 Cr | Satisfied | |
| 07 Jul 2015 | 10587214 | Others | ₹28.63 Cr | Satisfied |
To see the full charge records of Ace Housing and Construction Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Ace Housing and Construction Private Limited has 55 court cases on record: 19 filed by Ace Housing and Construction, 36 filed against it. 15 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 44 | 26 | 7 |
| District courts | 11 | 10 | 8 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Prashasti Properties Pvt Ltd Through Director Prabhat Chandra Sawailal Jain | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Prashasti Properties Private Limited | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Prashasti Properties Private Limited | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Jivesh Developers and Properties Private Limited | Pending |
| Bombay High Court | Appeal | Filed by the company against Shivsagar Properties Pvt. Ltd. and Ors | Pending |
To see the full case history of Ace Housing and Construction 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 Ace Housing and Construction Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ace Housing and Construction Private Limited has a workforce of 5 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Ace Housing and Construction has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC2666D3ZW | Maharashtra | Active | 05 Aug 2017 |
To see the full GST registrations and return filing status of Ace Housing and Construction Private Limited, buy the company report.
Recent activity
Ace Housing and Construction Private Limited has 8 board changes on record since 1996: 6 appointments and 2 cessations. The latest: Anam Merchant Sadiq was appointed as Director on 03 Feb 2017.
15 earlier events are in the company report.
Frequently asked questions
Ace Housing and Construction is an active private 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 18 January 1996 (30+ years old) and is registered under CIN U45200MH1996PTC096396.
Ace Housing and Construction has 4 current directors:
- Danishmand Mohamed Ali Merchant - Whole-Time Director
- Kalu Shankar Kamble - Director
- Anam Merchant Sadiq - Director
- Hurmatali Mohammedali Merchant - Director
The latest financial statements of Ace Housing and Construction on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ace Housing and Construction is 27AAACC2666D3ZW, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ace Housing and Construction is U45200MH1996PTC096396. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Housing and Construction has 55 court cases on record: 19 filed by the company and 36 filed against it. 15 are pending. Most are in the high courts.
Ace Housing and Construction was incorporated on 18 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ace Housing and Construction by revenue are JSS Buildcon Private Limited, Allotrope (India) Pvt.Ltd, Atero Infra Private Limited, Rathik Industrial & Logistics Park Private Limited, RLTS Infra Private Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Anam Merchant Sadiq was appointed as Director on 03 Feb 2017. Hurmatali Mohammedali Merchant was appointed as Director on 24 Jun 2015. Nishita Danish Merchant ceased to be Director on 24 Jun 2015. Ace Housing and Construction has 8 board changes on record in total.
The registered office of Ace Housing and Construction is at 1 Rock Dale Streetsebastian Road Bandra West, Mumbai, Maharashtra, India – 400050.
Ace Housing and Construction operates in the real estate and construction industry, in the real estate builders and developers segment.