About Akar Creations Private Limited
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Akar Creations Private Limited is a private limited company based in Margao, Goa, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U31200GA1990PTC001021. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.1 Cr. It is led by directors Chinmai Avinash Borker and Avinash Sadanand Borker.
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 Opp Nehru Stadium 3rd Floor Lake Plaza Fatorda, Margao, Goa, India – 403602.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.04 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹15.21 Lakh (net margin -14.6%) and EBITDA of -₹20.68 Lakh (EBITDA margin -19.8%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 47% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23 Cr and satisfied charges of ₹179.69 Cr on record. Court records list 37 cases involving the company, including 22 filed by the company and 15 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akarrealty.com.
Company details
Contact details
Akar Creations Private Limited's registered office is in Margao, Goa. Its website is akarrealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOpp Nehru Stadium 3rd Floor Lake Plaza Fatorda, Margao, Goa, India – 403602
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Akar Creations 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 Akar Creations is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Akar Creations Private Limited, buy the company report.
Financials of Akar Creations Private Limited
FY 2025 filings availableAkar Creations Private Limited reported revenue of ₹1.04 Cr (down 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 47% over five years, including a 66% fall in the latest year. EBITDA rose 96% 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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| EBITDA | -₹20.68 Lakh | ||||
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| Net Profit (PAT) | -₹15.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -19.8% | ||||
| Net Profit Margin | -14.6% | ||||
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To see the full financial statements and ratios of Akar Creations Private Limited, buy the company report.
Board of directors of Akar Creations Private Limited
Akar Creations has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chinmai Avinash Borker | Director | 20 Aug 2013 | 13 Years 2 Months | Current |
| Avinash Sadanand Borker Also directs: Akar Landmarks LLP, Borkar Ventures Private Limited | Director | 01 Dec 1991 | 34 Years 10 Months | Current |
Auditor
Akar Creations Private Limited is audited by R. K. Pikale & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. K. Pikale & Associates | FY 2022 | 127641W |
Shareholding
The shareholding of Akar Creations Private 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Akar Creations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2017 | 100114592 | Canara Bank | ₹1.05 Cr | Satisfied | |
| 29 Nov 2016 | 100065237 | Others | ₹3.3 Cr | Satisfied | |
| 24 Sep 2015 | 10593278 | Intec Capital Limited | ₹4.38 Cr | Satisfied | |
| 31 Mar 2015 | 10565569 | State Bank of India | ₹14.82 Cr | Satisfied | |
| 23 Sep 2014 | 10530814 | Canara Bank | ₹1.7 Cr | Satisfied |
To see the full charge records of Akar Creations Private Limited, buy the company report.
Total charge records: 31 View all charges
Legal cases
Akar Creations Private Limited has 37 court cases on record: 22 filed by Akar Creations, 15 filed against it. 5 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 4 | 3 |
| District courts | 17 | 11 | 2 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Borkar Packaging Pvt Ltd and 1 other | Pending |
| Bombay High Court | Appeal | Filed by the company against Borkar Packaging Pvt Ltd. and 1 other | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Intec Capital Ltd. | Disposed |
| Bombay High Court | Court case (COP) | Filed against the company by Standard Processors Pvt.Ltd | Disposed |
| Bombay High Court | Court case (COP) | Filed by the company against Standard Processors Pvt.Ltd. | Disposed |
To see the full case history of Akar Creations 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.
Credit ratings & regulatory alerts
Akar Creations Private Limited was last rated by Crisil on 13 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Nov 2019 |
To see the full credit ratings and regulatory alerts of Akar Creations Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akar Creations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akar Creations Private Limited has a workforce of 1 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Akar Creations has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Akar Creations Private Limited, buy the company report.
Recent activity
Akar Creations Private Limited has 5 board changes on record since 1991: 2 appointments and 3 cessations. The latest: Prakash Sadanand Borkar ceased to be Director on 20 Jul 2015.
68 earlier events are in the company report.
Frequently asked questions
Akar Creations is an active private limited company based in Margao, Goa, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 February 1990 (36+ years old) and is registered under CIN U31200GA1990PTC001021.
Akar Creations has 2 current directors:
- Chinmai Avinash Borker - Director
- Avinash Sadanand Borker - Director
The latest financial statements of Akar Creations 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 2015 are in the company report.
No. Akar Creations has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Akar Creations is U31200GA1990PTC001021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akar Creations has 37 court cases on record: 22 filed by the company and 15 filed against it. 5 are pending. Most are in the high courts.
Akar Creations was incorporated on 12 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Goa.
Prakash Sadanand Borkar ceased to be Director on 20 Jul 2015. Chinmai Avinash Borker ceased to be Additional Director on 30 Sep 2013. Chinmai Avinash Borker was appointed as Director on 20 Aug 2013. Akar Creations has 5 board changes on record in total.
Akar Creations can be reached through the website akarrealty.com. Its registered office is in Margao, Goa, India.
The registered office of Akar Creations is at Opp Nehru Stadium 3rd Floor Lake Plaza Fatorda, Margao, Goa, India – 403602.