India's Richest People 2026 edition · 1 director · Source: Hurun India
- #793 Ravi Appasamy & family ₹3,900 Cr
Revenue · FY 2025
₹383.88 Cr
▲ 79% YoY
Net profit · FY 2025
₹36.71 Cr
Net margin 9.6%
EBITDA · FY 2025
₹55.94 Cr
EBITDA margin 14.6%
Authorised capital
₹6 Cr
Registered with MCA
Paid-up capital
₹5.82 Cr
Issued & subscribed
Open charges
₹505 Cr
Satisfied ₹449.5 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
234
Provident fund records
About Appaswamy Real Estates Limited
Data last updated:
Appaswamy Real Estates Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Sas Hotels & Enterprises Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 21 December 1987 and has been in existence for over 39 years.
Its director Ravi Appasamy and family are #793 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70101TN1987PLC015210. Its GSTIN is 33AACCA8397H1ZH (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.82 Cr. It is led by directors including Rohit Ravi (Managing Director) and Ramnad Krishnan Ramanathan.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 3 Mangesh Street T Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2025, the company reported a revenue of ₹383.88 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹36.71 Cr (net margin 9.6%) and EBITDA of ₹55.94 Cr (EBITDA margin 14.6%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 26% over five years.
The company has about 234 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Appaswamy. As per MCA filings, the company has open charges of ₹505 Cr and satisfied charges of ₹449.5 Cr on record. Court records list 25 cases involving the company, including 8 filed by the company and 17 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in January 2012. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Merlin Projects Ltd. with revenue of ₹386.4 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website appaswamy.com.
Company details
CIN U70101TN1987PLC015210
Registration Number 015210
Incorporation Date 21 December 1987
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Sas Hotels & Enterprises Limited
Compliance Status Active Compliant
Key People
Rohit Ravi Managing Director Ramnad Krishnan Ramanathan Director Thekoor Venkatanarasimhan Sathianarayana Director Recognitions & Rankings of Appaswamy Real Estates
Contact details
Appaswamy Real Estates Limited's registered office is in Chennai, Tamil Nadu. Its website is appaswamy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 3 Mangesh Street T Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Appaswamy Real Estates Limited, buy the company report.
Comprehensive company report
Appaswamy Real Estates 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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Brands
Appaswamy Real Estates operates one associated brand: Appaswamy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and sells residential apartments and hotels in Chennai. | appaswamy.com |
Business activity
The main business activity of Appaswamy Real 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 Appaswamy Real Estates Limited, buy the company report.
Financials of Appaswamy Real Estates Limited
FY 2024 filings availableAppaswamy Real Estates Limited reported revenue of ₹383.88 Cr (up 79% YoY) for FY 2025.
Revenue · FY 2025
₹383.88 Cr ▲ 79%
Net profit · FY 2025
₹36.71 Cr margin 9.6%
EBITDA · FY 2025
₹55.94 Cr margin 14.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 79%
3 years · compounded
▲ 58%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▲ 50%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 79% growth in the latest year. EBITDA rose 50% 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 | ₹55.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.71 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 | 14.6% | ||||
| Net Profit Margin | 9.6% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Appaswamy Real Estates Limited, buy the company report.
Board of directors of Appaswamy Real Estates Limited
Appaswamy Real Estates has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramnad Krishnan Ramanathan Also directs: Sas Hotels & Enterprises Limited, Sas Estates Limited, Fulcrum Venture India LLP and 1 more | Director | 04 Feb 2016 | 10 Years 8 Months | Current |
| Thekoor Venkatanarasimhan Sathianarayana | Director | 08 Feb 2025 | 1 Years 8 Months | Current |
| Mythili Ramani Also directs: Sas Hotels & Enterprises Limited, Sas Estates Limited | Director | 28 May 2025 | 1 Years 5 Months | Current |
| Rohit Ravi Also directs: Riverview Builders LLP, Sas Housing and Infrastructure Limited, Sas Hotels (India) Limited and 5 more | Managing Director | 01 Feb 2019 | 7 Years 8 Months | Current |
| Ravi Appasamy Also directs: Sas Housing and Infrastructure Limited, Sas Hotels (India) Limited, Sas Hotels & Enterprises Limited and 5 more | Director | 01 Feb 2019 | 7 Years 8 Months | Current |
| Ravi Appasamy Charubala Also directs: Riverview Builders LLP, Sas Housing and Infrastructure Limited, South Eastern Exports Private Limited and 2 more | Director | 23 Nov 2009 | 16 Years 11 Months | Current |
Peer comparison
Appaswamy Real Estates 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 |
|---|---|---|---|---|---|---|
| Merlin Projects Ltd. | ₹386.4 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Vamsiram Builders and Developers Private Limited | ₹385.33 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Appaswamy Real Estates Limitedthis company | ₹383.88 Cr (FY 2025) | ₹36.71 Cr | 9.6% | 79.0% | 234 | Chennai, Tamil Nadu, India |
| Bhate and Raje Construction Company Private Limited | ₹379.52 Cr (FY 2024) | 2.0% | Pune, Maharashtra, India |
To see the full peer comparison of Appaswamy Real Estates Limited, buy the company report.
Auditor
Appaswamy Real Estates Limited is audited by Rao and Santosh for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rao and Santosh | FY 2023 | 9120S |
Shareholding
The shareholding of Appaswamy Real Estates 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 Appaswamy Real Estates Limited, buy the company report.
Charges & borrowings
Open charges
₹505 Cr
Satisfied charges
₹449.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2025 | 101114413 | Others | ₹75 Cr | Open | |
| 10 Oct 2024 | 101040598 | Idbi Trusteeship Services Limited | ₹200 Cr | Open | |
| 10 Oct 2024 | 101008223 | Others | ₹200 Cr | Open | |
| 17 Feb 2017 | 100082022 | Others | ₹30 Cr | Open | |
| 27 Oct 2021 | 100503630 | Others | ₹200 Cr | Satisfied |
To see the full charge records of Appaswamy Real Estates Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Appaswamy Real Estates Limited has 1 deal on record (1 acquisition); the latest was in January 2012.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2012 | Acquisition | ₹213.19 Cr | Buyer: The Xander Group Seller: Appaswamy Real Estates Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Appaswamy Real Estates Limited has 25 court cases on record: 8 filed by Appaswamy Real Estates, 17 filed against it. 3 cases are pending and 22 are disposed.
Total cases
25
Filed by the company
8
Filed against the company
17
Pending
3
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 9 | 2 |
| District courts | 11 | 8 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Alsina Formwork India Pvt.Ltd. | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by Kumkum Buildcon Pvt.Ltd., | Pending |
| High Court, TAMIL NADU | Court case (C.S(COMM DIV)) | Filed against the company by Kumkum Buildcon Pvt.Ltd., | Pending |
| Madras High Court | Appeal | Filed against the company by Kumkum Buildcon Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Kumkum Buildcon Pvt.Ltd., | Disposed |
To see the full case history of Appaswamy Real Estates 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 Appaswamy Real Estates Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Appaswamy Real Estates has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Associated companies
Employees & EPFO
Appaswamy Real Estates Limited has a workforce of 234 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
234
Active EPFO establishments
1
Employee growth
7.83%
GST
Appaswamy Real Estates has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCA8397H1ZH | Tamil Nadu | Active | 01 Jul 2017 |
| 33AACCA8397H2ZG | Tamil Nadu | Active | 24 Dec 2019 |
To see the full GST registrations and return filing status of Appaswamy Real Estates Limited, buy the company report.
Recent activity
Appaswamy Real Estates Limited has 16 board changes on record since 2008: 6 appointments and 10 cessations. The latest: Mythili Ramani ceased to be Additional Director on 28 Sep 2025.
AGM
Appaswamy Real Estates Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Mythili Ramani ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 75.00 Cr with Charge ID 101114413 was registered on 12 Jun 2025.
Charges
A charge with Others of Rs. 30.00 Cr registered on 17 Feb 2017 with Charge ID 100082022 was modified on 12 Jun 2025.
Appointed
Mythili Ramani was appointed as Director.
Ceased
Krishnan Ramani ceased to be Director.
Appointed
Thekoor Venkatanarasimhan Sathianarayana was appointed as Director.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 200.00 Cr with Charge ID 101040598 was registered on 10 Oct 2024.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101008223 was registered on 10 Oct 2024.
Ceased
Thottiam Srinivasan Santhana Krishnan ceased to be Additional Director.
Charges
A charge registered on 23 Aug 2018 via Charge ID 100219625 with Others was fully satisfied on 27 May 2024.
Filing
Appaswamy Real Estates Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
31 earlier events are in the company report.
Frequently asked questions
Appaswamy Real Estates is an active public 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 21 December 1987 (39+ years old) and is registered under CIN U70101TN1987PLC015210.
Appaswamy Real Estates has 6 current directors:
- Rohit Ravi - Managing Director
- Ramnad Krishnan Ramanathan - Director
- Thekoor Venkatanarasimhan Sathianarayana - Director
- Mythili Ramani - Director
- Ravi Appasamy - Director
- Ravi Appasamy Charubala - Director
The latest financial statements of Appaswamy Real Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Appaswamy Real Estates is 33AACCA8397H1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AACCA8397H2ZG (Tamil Nadu).
The CIN (Corporate Identification Number) of Appaswamy Real Estates is U70101TN1987PLC015210. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Appaswamy Real Estates has 25 court cases on record: 8 filed by the company and 17 filed against it. 3 are pending. Most are in the high courts.
Appaswamy Real Estates was incorporated on 21 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chennai.
Appaswamy Real Estates has 1 deal on record (1 acquisition); the latest was in January 2012.
The peers of Appaswamy Real Estates by revenue are Merlin Projects Ltd, Vamsiram Builders and Developers Private Limited, Bhate and Raje Construction Company Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Mythili Ramani ceased to be Additional Director on 28 Sep 2025. Mythili Ramani was appointed as Director on 28 May 2025. Krishnan Ramani ceased to be Director on 12 Apr 2025. Appaswamy Real Estates has 16 board changes on record in total.
Appaswamy Real Estates can be reached through the website appaswamy.com. Its registered office is in Chennai, Tamil Nadu, India.