About Adani Estates Private Limited
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Adani Estates Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Infrastructure And Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45300GJ2005PTC046949. Its GSTIN is 27AAFCA6390M1Z7 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Adani Realty (Mumbai) Private Limited and Adani Realty Private Limited. It is led by directors Rajesh Jain and Rajesh Vinod Chandra Patel.
Its last annual general meeting (AGM) was held on 25 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Adani Housenr Mithakhali Circle Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2026, the company reported a revenue of ₹51.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.14 Cr (net margin 2.2%) and EBITDA of ₹49.2 Cr (EBITDA margin 95.7%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 19% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹62.5 Cr and satisfied charges of ₹1,005.5 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 6 cases are pending. The company has 6 deals on record (4 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹619.41 Cr; the latest was in March 2014. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 3 smaller; the largest is Beforest Lifestyle Solutions Private Limited with revenue of ₹18.26 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 79 overdue payments to 36 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Name history
Adani Estates has undergone 3 name changes throughout its history. The company was previously known as Adani Realty (Mumbai) Private Limited, Adani Realty Private Limited, and Adani Townships And Real Estate Company (Mumbai) Private Limited. The current legal name is Adani Estates Private Limited.
| Company Name | Status |
|---|---|
| Adani Estates Private Limited | Current |
| Adani Realty (Mumbai) Private Limited | Previous |
| Adani Realty Private Limited | Previous |
| Adani Townships And Real Estate Company (Mumbai) Private Limited | Previous |
Contact details
Adani Estates Private Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Housenr Mithakhali Circle Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Adani Estates 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 Adani Estates 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 Adani Estates Private Limited, buy the company report.
Financials of Adani Estates Private Limited
FY 2025 filings availableAdani Estates Private Limited reported revenue of ₹51.41 Cr (up 182% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 182% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 225% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹49.2 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.14 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.7% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Adani Estates Private Limited, buy the company report.
Board of directors of Adani Estates Private Limited
Adani Estates has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Jain Also directs: Esteem Constructions Private Limited, Truheights Infraspace Private Limited, Winterwoods Buildcon Private Limited and 5 more | Director | 25 Nov 2020 | 5 Years 10 Months | Current |
| Rajesh Vinod Chandra Patel Also directs: Camrose Realtors Private Limited, Bridgeport Realtors Private Limited, Northwoods Infraspace Private Limited and 5 more | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Adani Estates 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 |
|---|---|---|---|---|---|---|
| Adani Estates Private Limitedthis company | ₹51.41 Cr (FY 2026) | ₹1.14 Cr | 2.2% | 182.0% | 4 | Ahmedabad, Gujarat, India |
| Beforest Lifestyle Solutions Private Limited | ₹18.26 Cr (FY 2025) | 280.0% | Hyderabad, Telangana, India | |||
| Rasa Sri Developers Private Limited | ₹18.25 Cr (FY 2024) | -37.0% | Bangalore, Karnataka, India | |||
| J&V Infratech Private Limited | ₹18.25 Cr (FY 2024) | 113.0% | Gonda, Uttar Pradesh, India | |||
| Seventh Sense Reality Developers Private Limited | ₹18.23 Cr (FY 2024) | 225.0% | Chennai, Tamil Nadu, India | |||
| Guptha Infraventures and Constructions Private Limited | ₹18.22 Cr (FY 2024) | -35.0% | Hyderabad, Telangana, India | |||
| Bhakti Promoters Private Limited | ₹18.18 Cr (FY 2024) | 57.0% | Hisar, Haryana, India |
To see the full peer comparison of Adani Estates Private Limited, buy the company report.
Auditor
Adani Estates Private Limited is audited by Kaushal Manish & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kaushal Manish & Company | FY 2023 | 125710W |
Shareholding
The shareholding of Adani Estates 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 Adani Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2024 | 101026307 | Others | ₹62.5 Cr | Open | |
| 18 Dec 2019 | 100311198 | Standard Chartered Bank | ₹160 Cr | Satisfied | |
| 29 Jun 2018 | 100209296 | Hdfc Bank Limited | ₹45.5 Cr | Satisfied | |
| 28 Jan 2015 | 10545483 | Housing Development Finance Corporation Limited | ₹500 Cr | Satisfied | |
| 30 Apr 2014 | 10494542 | Punjab National Bank | ₹300 Cr | Satisfied |
To see the full charge records of Adani Estates Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Adani Estates Private Limited has 6 deals on record (4 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹619.41 Cr; the latest was in March 2014.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2014 | Secondary share transfer | Undisclosed | Buyer: Realdeal Developers Private Limited Seller: Adani Infrastucture & Developers Private Limited |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Realdeal Developers Private Limited Seller: Adani Infrastucture & Developers Private Limited |
| Jun 2012 | Funding round | ₹9.95 Cr | Investors: Adani Infrastucture & Developers Private Limited |
| Apr 2007 | Secondary share transfer | Undisclosed | Buyer: Adani Infrastucture & Developers Private Limited Seller: Adani Enterprises Limited |
| Jun 2006 | Secondary share transfer | Undisclosed | Buyer: Adani Enterprises Limited Seller: Adani Realty Private Limited |
To see the full deal history of Adani Estates Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adani Estates Private Limited has 9 court cases on record: 2 filed by Adani Estates, 7 filed against it. 6 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 6 | 5 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Western Heights Co Operative Housing Society Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Western Heights Co Operative Housing Society Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Adani Estates 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
Adani Estates Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 79 overdue payments to 36 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 (5 of 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dharmesh Parikh and Company LLP | |||
| Shah Dhandharia and Company LLP | |||
| an individual supplier | |||
| MBD and Company LLP | |||
| Liases Foras Real Estate Rating & Research Private Limited |
To see the full MSME payment records of Adani Estates Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adani Estates Private Limited has a workforce of 4 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Adani Estates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA6390M1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adani Estates Private Limited, buy the company report.
Recent activity
Adani Estates Private Limited has 18 board changes on record since 2007: 2 appointments and 16 cessations. The latest: Viren Rajeshkumar Makwana ceased to be Company Secretary on 10 Feb 2025.
19 earlier events are in the company report.
News
Frequently asked questions
Adani Estates 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 20 October 2005 (21+ years old) and is registered under CIN U45300GJ2005PTC046949.
Adani Estates has 2 current directors:
- Rajesh Jain - Director
- Rajesh Vinod Chandra Patel - Director
The latest financial statements of Adani Estates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Estates is 27AAFCA6390M1Z7, 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 Adani Estates is U45300GJ2005PTC046949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Estates has 9 court cases on record: 2 filed by the company and 7 filed against it. 6 are pending. Most are in the high courts.
Adani Estates was incorporated on 20 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Estates has 6 deals on record (4 secondary share transfers, 1 convertible or debt financing, 1 funding round), with disclosed funding of ₹619.41 Cr; the latest was in March 2014.
The peers of Adani Estates by revenue are Beforest Lifestyle Solutions Private Limited, Rasa Sri Developers Private Limited, J&V Infratech Private Limited, Seventh Sense Reality Developers Private Limited, Guptha Infraventures and Constructions Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Viren Rajeshkumar Makwana ceased to be Company Secretary on 10 Feb 2025. Rajesh Vinod Chandra Patel ceased to be Additional Director on 24 Jun 2024. Rajesh Vinod Chandra Patel was appointed as Director on 01 Feb 2024. Adani Estates has 18 board changes on record in total.
Adani Estates has 12 MSME Form 1 returns on record between 2019 and 2024, listing 79 overdue payments to 36 micro and small suppliers. The latest return was filed on 02 May 2024.
Adani Estates can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.