About Akshar Space Private Limited
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Akshar Space Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2008PTC188198. Its GSTIN is 27AAHCA7956R1ZP (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bachubhai Dharamsi Arethiya and Hari Bhachubhai Mujat.
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 Unit No 0047 Ground Floor O Wing Akshar Business Park, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.4 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹60.08 Lakh (net margin 25.1%) and EBITDA of ₹61.58 Lakh (EBITDA margin 25.7%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 51% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹143.48 Cr and satisfied charges of ₹150 Cr on record. Court records list 14 cases involving the company, including 3 filed by the company and 11 filed against it; 6 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 akshardevelopers.com.
Company details
Contact details
Akshar Space Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is akshardevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 0047 Ground Floor O Wing Akshar Business Park Plot No 3 Sec 25, Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Akshar Space 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 Akshar Space 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 Akshar Space Private Limited, buy the company report.
Financials of Akshar Space Private Limited
FY 2025 filings availableAkshar Space Private Limited reported revenue of ₹2.4 Cr (down 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 71% fall in the latest year. EBITDA fell 81% 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 | ₹61.58 Lakh | ||||
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| Net Profit (PAT) | ₹60.08 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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| Profitability | |||||
| EBITDA Margin | 25.7% | ||||
| Net Profit Margin | 25.1% | ||||
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To see the full financial statements and ratios of Akshar Space Private Limited, buy the company report.
Board of directors of Akshar Space Private Limited
Akshar Space 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 |
|---|---|---|---|---|
| Bachubhai Dharamsi Arethiya Also directs: Akshar Accommodations LLP, Akshar Infratech Private Limited, Aakash Accomodations Private Limited and 5 more | Director | 14 Nov 2008 | 17 Years 11 Months | Current |
| Hari Bhachubhai Mujat Also directs: Akshar Accommodations LLP, Akshar Infratech Private Limited, Aakash Accomodations Private Limited and 5 more | Director | 14 Nov 2008 | 17 Years 11 Months | Current |
Peer comparison
Akshar Space Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Srigdha Infraprojects (India) Private Limited | ₹2.4 Cr (FY 2017) | -43.0% | Hyderabad, Telangana, India | |||
| Trimurti Infrastructure Private Limited | ₹2.4 Cr (FY 2024) | 27.0% | Kolkata, West Bengal, India | |||
| Saranya Sri Constructions Private Limited | ₹2.4 Cr (FY 2022) | 3512.0% | Narasapuram, Andhra Pradesh, India | |||
| Akshar Space Private Limitedthis company | ₹2.4 Cr (FY 2025) | ₹60.08 Lakh | 25.1% | -71.0% | 2 | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Akshar Space Private Limited, buy the company report.
Auditor
Akshar Space Private Limited is audited by CA Krupa Balia for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Krupa Balia | FY 2023 | 128009 |
Shareholding
The shareholding of Akshar Space 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 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 Akshar Space Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2021 | 100475090 | Others | ₹18.48 Cr | Open | |
| 13 Apr 2018 | 100187941 | Others | ₹125 Cr | Open | |
| 15 Jun 2016 | 100040562 | Others | ₹100 Cr | Satisfied | |
| 05 Dec 2014 | 10535596 | Icici Bank Limited | ₹50 Cr | Satisfied |
To see the full charge records of Akshar Space Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Akshar Space Private Limited has 14 court cases on record: 3 filed by Akshar Space, 11 filed against it. 6 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 5 |
| District courts | 4 | 4 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Good Value Financial Services Private Limited and 3 others | Disposed |
| Bombay High Court | Court case (AO) | Filed against the company by The Western India Tanneries Limited | Disposed |
| Bombay High Court | Court case (CAA) | Filed against the company by The Western India Tanneries Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company by The Western India Tanneries Ltd. | Disposed |
| Bombay High Court | Court case (AO) | Filed against the company | Pending |
To see the full case history of Akshar Space 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 Akshar Space Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Akshar Space Private Limited has a workforce of 2 employees on its EPFO records as of Sep 19, 2024, across 1 active EPFO establishment.
GST
Akshar Space has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA7956R1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akshar Space Private Limited, buy the company report.
Recent activity
Akshar Space Private Limited has 8 board changes on record since 2008: 5 appointments and 3 cessations. The latest: Hemang Jadavji Shah ceased to be Director on 03 Oct 2018.
5 earlier events are in the company report.
Frequently asked questions
Akshar Space is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 14 November 2008 (18+ years old) and is registered under CIN U74999MH2008PTC188198.
Akshar Space has 2 current directors:
- Bachubhai Dharamsi Arethiya - Director
- Hari Bhachubhai Mujat - Director
The latest financial statements of Akshar Space 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.
The GSTIN of Akshar Space is 27AAHCA7956R1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Akshar Space is U74999MH2008PTC188198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshar Space has 14 court cases on record: 3 filed by the company and 11 filed against it. 6 are pending. Most are in the high courts.
Akshar Space was incorporated on 14 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Akshar Space by revenue are Srigdha Infraprojects (India) Private Limited, Trimurti Infrastructure Private Limited, Saranya Sri Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Hemang Jadavji Shah ceased to be Director on 03 Oct 2018. Mehul Jadavji Shah ceased to be Director on 03 Oct 2018. Hemang Jadavji Shah was appointed as Director on 16 Aug 2010. Akshar Space has 8 board changes on record in total.
Akshar Space can be reached through the website akshardevelopers.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Akshar Space is at Unit No 0047 Ground Floor O Wing Akshar Business Park Plot No 3 Sec 25, Vashi, Navi Mumbai, Maharashtra, India – 400703.