Ashapura Homes Private Limited
About Ashapura Homes Private Limited
Data last updated:
Ashapura Homes Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2008PTC185897. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Chetan Sundarji Bhanushali and Dhanji Ganesha Patel.
Its last annual general meeting (AGM) was held on 14 November 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 901 – 9th Floor Hallmark Business Plaza Gurunanak Hospital Road Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2019, the company reported a revenue of ₹37.1 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹94.52 Lakh (net margin -2.5%) and EBITDA of ₹12.8 Cr (EBITDA margin 34.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.62 Cr on record. Court records list 13 cases involving the company, including 13 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ashapura Homes Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address901 – 9th Floor Hallmark Business Plaza Gurunanak Hospital Road Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ashapura Homes 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 Ashapura Homes 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 Ashapura Homes Private Limited, buy the company report.
Financials of Ashapura Homes Private Limited
FY 2019 filings availableAshapura Homes Private Limited reported revenue of ₹37.1 Cr (up 215% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 215% growth in the latest year. EBITDA rose 267% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹37.1 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹12.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹94.52 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 34.5% | ||||
| Net Profit Margin | -2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Ashapura Homes Private Limited, buy the company report.
Board of directors of Ashapura Homes Private Limited
Ashapura Homes has 5 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Sundarji Bhanushali | Director | 18 Aug 2008 | 18 Years 2 Months | Current |
| Dhanji Ganesha Patel Also directs: Options Real Estate Consultants LLP, DND Fashion Island Limited Liability Partnership, Ashapura Premises LLP and 5 more | Director | 08 Nov 2011 | 15 Years 0 Months | Current |
| Meena Chetan Bhanushali | Director | 01 Nov 2010 | 16 Years 0 Months | Current |
| Pravin Girish Chamaria Also directs: Options Real Estate Consultants LLP, Ashapura Premises LLP, Ashapura Arcade LLP and 5 more | Director | 28 May 2011 | 15 Years 5 Months | Current |
| Maya Hikmat Udhan | Director | 08 Nov 2011 | 15 Years 0 Months | Current |
Peer comparison
Ashapura Homes Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Shree S S Infra Developers Private Limited | ₹37.18 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Rohan Construction Private Limited | ₹37.11 Cr (FY 2025) | 70.0% | East Champaran, Bihar, India | |||
| Brightstar Housing Private Limited | ₹37.11 Cr (FY 2025) | 197.0% | Mumbai, Maharashtra, India | |||
| Ashapura Homes Private Limitedthis company | ₹37.1 Cr (FY 2019) | -₹94.52 Lakh | -2.5% | 215.0% | 17 | Mumbai, Maharashtra, India |
| Peninsula Infra Developments Private Limited | ₹37.06 Cr (FY 2024) | -51.0% | Bangalore, Karnataka, India | |||
| Bhandari Construction and Developers Private Limited | ₹36.99 Cr (FY 2024) | 254.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ashapura Homes Private Limited, buy the company report.
Auditor
Ashapura Homes Private Limited is audited by A G MUNDRA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A G MUNDRA & CO | FY 2019 | 114518W |
Shareholding
The shareholding of Ashapura Homes Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ashapura Homes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2016 | 100060054 | Others | ₹2.12 Cr | Satisfied | |
| 05 Jul 2015 | 10588117 | Pnb Housing Finance Limited | ₹6.5 Cr | Satisfied |
To see the full charge records of Ashapura Homes Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ashapura Homes Private Limited has 13 court cases on record: 13 filed against it. 8 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 5 |
| High courts | 5 | 5 | 3 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Ashapura Options Private Limited Through Its Director Mr. Pravin Chamaria | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Schindler India Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Kleentech Network Private Limited Through Manish Gawde | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Ashapura Developers | Pending |
| Bombay High Court | Court case (APP) | Filed against the company by Ashapura Developers and 4 Ors | Pending |
To see the full case history of Ashapura Homes 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 Ashapura Homes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashapura Homes Private Limited has a workforce of 17 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Ashapura Homes has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ashapura Homes Private Limited, buy the company report.
Recent activity
Ashapura Homes Private Limited has 9 board changes on record since 2008: 5 appointments and 4 cessations. The latest: Dhanji Ganesha Patel was appointed as Director on 08 Nov 2011.
4 earlier events are in the company report.
Frequently asked questions
Ashapura Homes 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 18 August 2008 (18+ years old) and is registered under CIN U45400MH2008PTC185897.
Ashapura Homes has 5 current directors:
- Chetan Sundarji Bhanushali - Director
- Dhanji Ganesha Patel - Director
- Meena Chetan Bhanushali - Director
- Pravin Girish Chamaria - Director
- Maya Hikmat Udhan - Director
The latest financial statements of Ashapura Homes on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 14 November 2019. Year-wise statements from 2015 are in the company report.
No. Ashapura Homes has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashapura Homes is U45400MH2008PTC185897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Homes has 13 court cases on record: 13 filed against it. 8 are pending. Most are in the district courts.
Ashapura Homes was incorporated on 18 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashapura Homes by revenue are Shree S S Infra Developers Private Limited, Rohan Construction Private Limited, Brightstar Housing Private Limited, Peninsula Infra Developments Private Limited, Bhandari Construction and Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Dhanji Ganesha Patel was appointed as Director on 08 Nov 2011. Maya Hikmat Udhan was appointed as Director on 08 Nov 2011. Meena Chetan Bhanushali ceased to be Additional Director on 08 Nov 2011. Ashapura Homes has 9 board changes on record in total.
The registered office of Ashapura Homes is at 901 – 9th Floor Hallmark Business Plaza Gurunanak Hospital Road Bandra East, Mumbai, Maharashtra, India – 400051.
Ashapura Homes operates in the real estate and construction industry, in the real estate builders and developers segment.
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