MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0035698
Acestar Properties Private Limited
Acestar Properties Private Limited - real estate and construction in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.91 Cr
▼ 29% YoY
Net loss · FY 2025
₹1.8 Cr
Net margin -10.1%
EBITDA · FY 2025
-₹48.16 Lakh
EBITDA margin -2.7%
Authorised capital
₹27.06 Cr
Registered with MCA
Paid-up capital
₹3.92 Lakh
Issued & subscribed
Open charges
₹14.32 Cr
Satisfied ₹208.87 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
49
Provident fund records
About Acestar Properties Private Limited
Data last updated:
Acestar Properties Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Alamo Xs Real Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45202TN2006PTC059680. Its GSTIN is 33AAFCA7237B1Z5 (Tamil Nadu).
The company has an authorised share capital of ₹27.06 Cr and a paid-up capital of ₹3.92 Lakh. It is led by directors Mahalingam Kannan and Bakthavachalam Rajkumar.
Its last annual general meeting (AGM) was held on 16 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 12 South Mada Street Srinagar Colony Aidapet, Chennai, Tamil Nadu, India – 600015.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.91 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹1.8 Cr (net margin -10.1%) and EBITDA of -₹48.16 Lakh (EBITDA margin -2.7%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 20% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.32 Cr and satisfied charges of ₹208.87 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
Acestar Properties Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0035698). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45202TN2006PTC059680
Registration Number 059680
Incorporation Date 01 May 2006
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 16 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Alamo Xs Real Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0035698
Recognitions & Rankings of Acestar Properties
Contact details
Acestar Properties Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12 South Mada Street Srinagar Colony Aidapet, Chennai, Tamil Nadu, India – 600015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Acestar Properties Private Limited, buy the company report.
Comprehensive company report
Acestar Properties Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Acestar Properties 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 Acestar Properties Private Limited, buy the company report.
Financials of Acestar Properties Private Limited
FY 2024 filings availableAcestar Properties Private Limited reported revenue of ₹17.91 Cr (down 29% YoY) for FY 2025.
Revenue · FY 2025
₹17.91 Cr ▼ 29%
Net loss · FY 2025
₹1.8 Cr margin -10.1%
EBITDA · FY 2025
-₹48.16 Lakh margin -2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▲ 12%
5 years · compounded
▼ 20%
EBITDA CAGR growth
1 year
▼ 117%
3 years · compounded
▼ 38%
5 years · compounded
▼ 19%
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 29% fall in the latest year. EBITDA fell 117% 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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| Total Expenses | |||||
| EBITDA | -₹48.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.8 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.7% | ||||
| Net Profit Margin | -10.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Acestar Properties Private Limited, buy the company report.
Board of directors of Acestar Properties Private Limited
Acestar Properties has 2 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahalingam Kannan Also directs: Alpine Holdings LLP, XS Real Property Service LLP, Holzwerk Jardins Interior LLP and 5 more | Director | 21 Oct 2021 | 5 Years 0 Months | Current |
| Bakthavachalam Rajkumar Also directs: Alpine Holdings LLP, XS Real Property Service LLP, Holzwerk Jardins Interior LLP and 5 more | Director | 12 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Acestar Properties Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Russel Foundations Private Limited | ₹17.94 Cr (FY 2024) | 14.0% | Chennai, Tamil Nadu, India | |||
| Sand Dune Constructions Private Limited | ₹17.93 Cr (FY 2023) | -50.0% | Jaipur, Rajasthan, India | |||
| Sri Gayatri Housing Private Limited | ₹17.93 Cr (FY 2025) | 90.0% | Hyderabad, Telangana, India | |||
| Acestar Properties Private Limitedthis company | ₹17.91 Cr (FY 2025) | -₹1.8 Cr | -10.1% | -29.0% | 49 | Chennai, Tamil Nadu, India |
| Tgi Developers Private Limited | ₹17.9 Cr (FY 2025) | 707.0% | New Delhi, Delhi, India | |||
| Vashisth Estates Limited | ₹17.89 Cr (FY 2025) | -80.0% | New Delhi, Delhi, India | |||
| Arvind Kalyani Infrastructure Private Limited | ₹17.87 Cr (FY 2025) | 44.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Acestar Properties Private Limited, buy the company report.
Auditor
Acestar Properties Private Limited is audited by HSA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HSA & ASSOCIATES | FY 2023 | 013695S |
Shareholding
The shareholding of Acestar Properties 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 Acestar Properties Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.32 Cr
Satisfied charges
₹208.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101173758 | City Union Bank Limited | ₹8.12 Cr | Open | |
| 19 Nov 2024 | 101009890 | State Bank of India | ₹6 Cr | Open | |
| 30 Jun 2022 | 100595516 | Hdfc Bank Limited | ₹20.42 Lakh | Open | |
| 27 Feb 2025 | 101060477 | Others | ₹2 Cr | Satisfied | |
| 28 Mar 2024 | 100908607 | State Bank of India | ₹5.96 Cr | Satisfied |
To see the full charge records of Acestar Properties Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Acestar Properties Private Limited has 4 court cases on record: 3 filed by Acestar Properties, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| Madras High Court | Court case (COMP.A) | Filed by the company | Pending |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed by the company against an individual | Disposed |
| Madras High Court | Company petition | Filed by the company | Disposed |
To see the full case history of Acestar Properties 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 Acestar Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Acestar Properties has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Acestar Properties Private Limited has a workforce of 49 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
49
Active EPFO establishments
1
Employee growth
88.46%
GST
Acestar Properties has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCA7237B1Z5 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Acestar Properties Private Limited, buy the company report.
Recent activity
Acestar Properties Private Limited has 23 board changes on record since 2008: 2 appointments and 21 cessations. The latest: Bakthavachalam Rajkumar ceased to be Additional Director on 30 Nov 2021.
Charges
A charge registered on 27 Feb 2025 via Charge ID 101060477 with Others was fully satisfied on 29 Oct 2025.
Charges
A charge with City Union Bank Limited amounted to Rs. 8.12 Cr with Charge ID 101173758 was registered on 19 Sep 2025.
Charges
A charge registered on 28 Mar 2024 via Charge ID 100908607 with State Bank Of India was fully satisfied on 18 Sep 2025.
Charges
A charge registered on 28 Jan 2022 via Charge ID 100541835 with Hdfc Bank Limited was fully satisfied on 17 Apr 2025.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101060477 was registered on 27 Feb 2025.
Charges
A charge registered on 18 Mar 2023 via Charge ID 100689402 with State Bank Of India was fully satisfied on 06 Jan 2025.
Charges
A charge with State Bank Of India of Rs. 5.96 Cr registered on 28 Mar 2024 with Charge ID 100908607 was modified on 02 Jan 2025.
Charges
A charge with State Bank Of India amounted to Rs. 6.00 Cr with Charge ID 101009890 was registered on 19 Nov 2024.
AGM
Acestar Properties Private Limited last Annual general meeting of members was held on 16 Sep 2024 as per latest MCA records.
Charges
A charge registered on 29 Jul 2022 via Charge ID 100602848 with Others was fully satisfied on 10 Apr 2024.
Filing
Acestar Properties Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with State Bank Of India amounted to Rs. 5.96 Cr with Charge ID 100908607 was registered on 28 Mar 2024.
48 earlier events are in the company report.
Frequently asked questions
Acestar Properties is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 May 2006 (20+ years old) and is registered under CIN U45202TN2006PTC059680.
Acestar Properties has 2 current directors:
- Mahalingam Kannan - Director
- Bakthavachalam Rajkumar - Director
The latest financial statements of Acestar Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 16 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Acestar Properties is 33AAFCA7237B1Z5, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Acestar Properties is U45202TN2006PTC059680. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Acestar Properties has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Acestar Properties was incorporated on 01 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Acestar Properties by revenue are Russel Foundations Private Limited, Sand Dune Constructions Private Limited, Sri Gayatri Housing Private Limited, Tgi Developers Private Limited, Vashisth Estates Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Bakthavachalam Rajkumar ceased to be Additional Director on 30 Nov 2021. Mahalingam Kannan ceased to be Additional Director on 30 Nov 2021. Bakthavachalam Rajkumar was appointed as Director on 12 Nov 2021. Acestar Properties has 23 board changes on record in total.
Yes, Acestar Properties is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0035698).
The registered office of Acestar Properties is at 12 South Mada Street Srinagar Colony Aidapet, Chennai, Tamil Nadu, India – 600015.