About Airoli Itp Development Private Limited
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Airoli Itp Development Private Limited is a foreign private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Airoli Assets 1 Pte. Ltd.. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 30 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45202TN2017FTC134779. Its GSTIN is 33AAPCA9792D1ZB (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60.24 Cr and a paid-up capital of ₹9.24 Lakh. It is led by directors including Raghavendra Gajanan Bhat and Hooi Pik Ling.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Global Infocity Park 40 Anna Nedunchalai Kandanchavadi Perungudi, Chennai, Tamil Nadu, India – 600096.
As per the financials filed for FY 2025, the company reported a revenue of ₹308.66 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net loss of ₹125.39 Cr (net margin -40.6%) and EBITDA of ₹246.83 Cr (EBITDA margin 80%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 58% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mapletree. As per MCA filings, the company has open charges of ₹2,200 Cr and satisfied charges of ₹1,394.75 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1,885.02 Cr; the latest was in November 2018. The company has 9 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 14 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 mapletree.com.sg.
Company details
CIN history
Airoli Itp Development has one previous CIN (Corporate Identification Number): U45202MH2017FTC299185. The current CIN is U45202TN2017FTC134779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45202TN2017FTC134779 | Current |
| U45202MH2017FTC299185 | Previous |
Contact details
Airoli Itp Development Private Limited's registered office is in Chennai, Tamil Nadu. Its website is mapletree.com.sg. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGlobal Infocity Park 40 Anna Nedunchalai Kandanchavadi Perungudi, Chennai, Tamil Nadu, India – 600096
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Airoli Itp Development 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
Brands
Airoli Itp Development operates one associated brand: Mapletree. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate investment, development, and capital management firm | mapletree.com.sg |
Business activity
The main business activity of Airoli Itp Development is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Airoli Itp Development Private Limited, buy the company report.
Financials of Airoli Itp Development Private Limited
FY 2025 filings availableAiroli Itp Development Private Limited reported revenue of ₹308.66 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 58% over five years, including 18% growth in the latest year. EBITDA rose 18% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹308.66 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹246.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹125.39 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 80% | ||||
| Net Profit Margin | -40.6% | ||||
| 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 Airoli Itp Development Private Limited, buy the company report.
Board of directors of Airoli Itp Development Private Limited
Airoli Itp Development has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavendra Gajanan Bhat Also directs: Pune BP Development Private Limited, Adamas Builders Private Limited, Vikhroli Business City Private Limited and 5 more | Director | 19 Jan 2024 | 2 Years 9 Months | Current |
| Hooi Pik Ling Also directs: Pune BP Development Private Limited, Adamas Builders Private Limited, Vikhroli Business City Private Limited and 5 more | Director | 13 Sep 2019 | 7 Years 1 Months | Current |
| Mohan Muthanna Kudupoje | Director | 30 Aug 2017 | 9 Years 2 Months | Current |
| Vipul Also directs: Pune BP Development Private Limited, Adamas Builders Private Limited, Vikhroli Business City Private Limited and 5 more | Director | 02 May 2023 | 3 Years 6 Months | Current |
Auditor
Airoli Itp Development Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2025 | 012754N/N500016 |
Shareholding
The shareholding of Airoli Itp Development Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Airoli Itp Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 May 2023 | 100717631 | Others | ₹1,100 Cr | Open | |
| 19 Apr 2023 | 100717234 | Others | ₹1,100 Cr | Open | |
| 28 Jun 2017 | 100108548 | Others | ₹685.9 Cr | Satisfied | |
| 28 Apr 2016 | 100028470 | The Hongkong and Shanghai Banking Corporation Limited | ₹22.95 Cr | Satisfied | |
| 30 May 2014 | 10504188 | Others | ₹685.9 Cr | Satisfied |
To see the full charge records of Airoli Itp Development Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Airoli Itp Development Private Limited has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1,885.02 Cr; the latest was in November 2018.
To see the full deal history of Airoli Itp Development 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
Airoli Itp Development Private Limited has 1 court case on record: 1 filed by Airoli Itp Development. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Airoli Itp Development 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
Airoli Itp Development Private Limited has 9 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| JCSS Consulting India Private Limited | |||
| BBSR & Associates | |||
| Meiko Clean Solutions (India) Private Limited | |||
| Eleganz Interiors Limited | |||
| an individual supplier |
To see the full MSME payment records of Airoli Itp Development Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Airoli Itp Development Private Limited has a workforce of 6 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 6 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Airoli Itp Development Private Limited, buy the company report.
GST
Airoli Itp Development has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAPCA9792D1ZB | Tamil Nadu | Active | 19 Feb 2020 |
| 27AAPCA9792D1Z4 | Maharashtra | Active | 04 Dec 2018 |
To see the full GST registrations and return filing status of Airoli Itp Development Private Limited, buy the company report.
Recent activity
Airoli Itp Development Private Limited has 10 board changes on record since 2017: 4 appointments and 6 cessations. The latest: Raghavendra Gajanan Bhat ceased to be Additional Director on 29 Sep 2024.
12 earlier events are in the company report.
Frequently asked questions
Airoli Itp Development is an active foreign private limited company based in Chennai, Tamil Nadu, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 30 August 2017 (9+ years old) and is registered under CIN U45202TN2017FTC134779.
Airoli Itp Development has 4 current directors:
- Raghavendra Gajanan Bhat - Director
- Hooi Pik Ling - Director
- Mohan Muthanna Kudupoje - Director
- Vipul - Director
The latest financial statements of Airoli Itp Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Airoli Itp Development is 33AAPCA9792D1ZB, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAPCA9792D1Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Airoli Itp Development is U45202TN2017FTC134779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Airoli Itp Development has 1 court case on record: 1 filed by the company.
Airoli Itp Development was incorporated on 30 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Airoli Itp Development has 1 deal on record (1 convertible or debt financing), with disclosed funding of ₹1,885.02 Cr; the latest was in November 2018.
Raghavendra Gajanan Bhat ceased to be Additional Director on 29 Sep 2024. Raghavendra Gajanan Bhat was appointed as Director on 19 Jan 2024. Vipul ceased to be Additional Director on 29 Sep 2023. Airoli Itp Development has 10 board changes on record in total.
Airoli Itp Development has 9 MSME Form 1 returns on record between 2022 and 2024, listing 59 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Airoli Itp Development can be reached through the website mapletree.com.sg. Its registered office is in Chennai, Tamil Nadu, India.
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