About Ardent Properties Private Limited
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Ardent Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Housing Development Company Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2007PTC262414. Its GSTIN is 27AAGCA2024H1Z2 (Maharashtra).
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹53.68 Lakh. It is led by directors including Kirtikumar Suresh Bandekar and Rachna Lakhotia.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at E Block Voltas Premises T. B. Kadam Marg Chinchpokli, Mumbai, Maharashtra, India – 400033.
As per the financials filed for FY 2025, the company reported a revenue of ₹37.73 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹4.9 Cr (net margin -13%) and EBITDA of -₹30.59 Lakh (EBITDA margin -0.8%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 184% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹450 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹250.9 Cr; the latest was in September 2022. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 2 smaller; the largest is Earthcon Constructions Private Limited with revenue of ₹37.9 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 tatarealty.in.
Company details
CIN history
Ardent Properties has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45200MH2007PTC262414, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2007PTC262414 | Current |
| U45200DL2007PTC160116 | Previous |
| U41001MH2007PTC262414 | Previous |
Contact details
Ardent Properties Private Limited's registered office is in Mumbai, Maharashtra. Its website is tatarealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE Block Voltas Premises T. B. Kadam Marg Chinchpokli, Mumbai, Maharashtra, India – 400033
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ardent Properties 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 Ardent Properties 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 Ardent Properties Private Limited, buy the company report.
Financials of Ardent Properties Private Limited
FY 2025 filings availableArdent Properties Private Limited reported revenue of ₹37.73 Cr (down 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 184%. EBITDA fell 107% 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 | -₹30.59 Lakh | ||||
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| Net Profit (PAT) | -₹4.9 Cr | ||||
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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 | -0.8% | ||||
| Net Profit Margin | -13% | ||||
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To see the full financial statements and ratios of Ardent Properties Private Limited, buy the company report.
Board of directors of Ardent Properties Private Limited
Ardent Properties has 3 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirtikumar Suresh Bandekar | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
| Rachna Lakhotia Also directs: Tril It4 Private Limited, HLT Residency Private Limited, Tata Value Homes Limited and 1 more | Additional Director | 03 May 2025 | 1 Years 5 Months | Current |
| Bhautesh Narendrakumar Sevara | Additional Director | 04 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Ardent Properties 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 |
|---|---|---|---|---|---|---|
| Earthcon Constructions Private Limited | ₹37.9 Cr (FY 2024) | 301.0% | Delhi, India | |||
| S. Raheja Infrastructure Private Limited | ₹37.87 Cr (FY 2025) | 29.0% | Ahmedabad, Gujarat, India | |||
| Anish Realtors Private Limited | ₹37.81 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| RKW Developers Private Limited | ₹37.77 Cr (FY 2018) | 15.0% | Mumbai, Maharashtra, India | |||
| Ardent Properties Private Limitedthis company | ₹37.73 Cr (FY 2025) | -₹4.9 Cr | -13% | -71.0% | 20 | Mumbai, Maharashtra, India |
| Malles Constructions Private Limited | ₹37.68 Cr (FY 2025) | 18.0% | Chennai, Tamil Nadu, India | |||
| Devir Assets Private Limited | ₹37.67 Cr (FY 2025) | 25.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Ardent Properties Private Limited, buy the company report.
Auditor
Ardent Properties Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W100022 |
Shareholding
The shareholding of Ardent Properties 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 Ardent Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2021 | 100494767 | Others | ₹70 Cr | Open | |
| 13 Oct 2021 | 100496771 | Others | ₹150 Cr | Satisfied | |
| 25 Aug 2018 | 100209366 | Others | ₹100 Cr | Satisfied | |
| 28 Apr 2017 | 100098958 | State Bank of India | ₹200 Cr | Satisfied |
To see the full charge records of Ardent Properties Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Ardent Properties Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹250.9 Cr; the latest was in September 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Tata Housing Development Company Limited , Tata Housing Development Company Limited & Jacintha Mathias Seller: Platinum Light C 2013 Rsc Limited |
| Mar 2017 | Funding round | ₹14.99 Cr | Investors: Tata Housing Development Company Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Tata Housing Development Company Limited Seller: Tata Realty and Infrstructure Limited |
| Jan 2009 | Secondary share transfer | Undisclosed | Buyer: Tata Realty and Infrstructure Limited Seller: Unitech Limited |
| Jun 2008 | Funding round | ₹5.94 Cr | Investors: Unitech Limited |
To see the full deal history of Ardent Properties 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
Ardent Properties Private Limited has 5 court cases on record: 2 filed by Ardent Properties, 3 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Tata Primanti Residents Welfare Association | Pending |
| High Court, HARYANA | Revision petition | Filed against the company by Tata Primanti Residents Welfare Association and 1 other | Disposed |
| District court, New Delhi, Delhi | Revision petition | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Ardent Properties 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
Ardent Properties Private Limited was last rated by Care on 06 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Oct 2021 |
To see the full credit ratings and regulatory alerts of Ardent Properties Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ardent Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ardent Properties Private Limited has a workforce of 20 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ardent Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA2024H1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ardent Properties Private Limited, buy the company report.
Recent activity
Ardent Properties Private Limited has 36 board changes on record since 2007: 5 appointments and 31 cessations. The latest: Bhautesh Narendrakumar Sevara was appointed as Additional Director on 04 Aug 2025.
34 earlier events are in the company report.
Frequently asked questions
Ardent Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 March 2007 (19+ years old) and is registered under CIN U45200MH2007PTC262414.
Ardent Properties has 3 current directors:
- Kirtikumar Suresh Bandekar - Director
- Rachna Lakhotia - Additional Director
- Bhautesh Narendrakumar Sevara - Additional Director
The latest financial statements of Ardent Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ardent Properties is 27AAGCA2024H1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ardent Properties is U45200MH2007PTC262414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ardent Properties has 5 court cases on record: 2 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Ardent Properties was incorporated on 05 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ardent Properties has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹250.9 Cr; the latest was in September 2022.
The peers of Ardent Properties by revenue are Earthcon Constructions Private Limited, S. Raheja Infrastructure Private Limited, Anish Realtors Private Limited, RKW Developers Private Limited, Malles Constructions Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Bhautesh Narendrakumar Sevara was appointed as Additional Director on 04 Aug 2025. Rachna Lakhotia was appointed as Additional Director on 03 May 2025. Sucheta Nilesh Shah was appointed as Additional Director on 26 Mar 2025. Ardent Properties has 36 board changes on record in total.
Ardent Properties can be reached through the website tatarealty.in. Its registered office is in Mumbai, Maharashtra, India.