About Ashapura Housing Private Limited
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Ashapura Housing Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ashapura Options Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2008PTC184489. Its GSTIN is 27AAHCA4498C1ZL (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Chetan Sundarji Bhanushali and Dhanji Ganesha Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. 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 2023, the company reported a revenue of ₹29.26 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹6.84 Lakh (net margin -0.2%) and EBITDA of ₹17.64 Lakh (EBITDA margin 0.6%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 12% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹85 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 12 cases are pending. The company has 9 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹77.52 Cr; the latest was in January 2019. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 4 smaller; the largest is Nucleus Premium Properties Private Limited with revenue of ₹29.28 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 aorealty.com.
Company details
Contact details
Ashapura Housing Private Limited's registered office is in Mumbai, Maharashtra. Its website is aorealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- 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 Housing 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 Housing 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 Housing Private Limited, buy the company report.
Financials of Ashapura Housing Private Limited
FY 2023 filings availableAshapura Housing Private Limited reported revenue of ₹29.26 Cr (down 19% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 19% fall in the latest year. EBITDA fell 31% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹29.26 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹17.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.84 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashapura Housing Private Limited, buy the company report.
Board of directors of Ashapura Housing Private Limited
Ashapura Housing has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Sundarji Bhanushali | Director | 10 Jul 2008 | 18 Years 3 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 | 01 Dec 2010 | 15 Years 11 Months | Current |
| Meena Chetan Bhanushali | Director | 01 Nov 2009 | 17 Years 0 Months | Current |
| Pravin Girish Chamaria Also directs: Options Real Estate Consultants LLP, Ashapura Premises LLP, Ashapura Arcade LLP and 5 more | Director | 08 Nov 2011 | 15 Years 0 Months | Current |
| Maya Hikmat Udhan | Director | 08 Nov 2011 | 15 Years 0 Months | Current |
Peer comparison
Ashapura Housing 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 |
|---|---|---|---|---|---|---|
| Nucleus Premium Properties Private Limited | ₹29.28 Cr (FY 2018) | -34.0% | Ernakulam, Kerala, India | |||
| S. B. Landcon Private Limited | ₹29.26 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Ashapura Housing Private Limitedthis company | ₹29.26 Cr (FY 2023) | -₹6.84 Lakh | -0.2% | -19.0% | 30 | Mumbai, Maharashtra, India |
| Milore Infraprojects Private Limited | ₹29.24 Cr (FY 2025) | -55.0% | Surat, Gujarat, India | |||
| Solstrom Energy Solutions Private Limited | ₹29.2 Cr (FY 2025) | 128.0% | Sriperumbudur, Tamil Nadu, India | |||
| Stalagmite Infracon Private Limited | ₹29.18 Cr (FY 2017) | 45.0% | Dr Mukherjee Nagar, Delhi, India | |||
| Marian Projects Private Limited | ₹29.17 Cr (FY 2025) | 14.0% | Mangalore, Karnataka, India |
To see the full peer comparison of Ashapura Housing Private Limited, buy the company report.
Auditor
Ashapura Housing Private Limited is audited by C P Patel & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C P Patel & Associates | FY 2023 | 142609W |
Shareholding
The shareholding of Ashapura Housing 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashapura Housing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2016 | 100066917 | Others | ₹85 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Ashapura Housing Private Limited has 9 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹77.52 Cr; the latest was in January 2019.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Debt financing | ₹7.41 Cr | Investors: Reliance Yield Maximiser Alternative Investment Fund Scheme III |
| Oct 2016 | Debt financing | ₹50.02 Cr | Investors: Reliance Yield Maximiser Alternative Investment Fund Scheme III, Reliance Yield Maximiser Alternative Investment Fund Scheme II, Reliance Capital Ltd |
| Mar 2014 | Funding round | ₹15 Lakh | Investors: Ashapura Options Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Ashapura Options Private Limited Seller: 4 individuals |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Blue Sapphire Properties Private Limited , 2 individuals |
To see the full deal history of Ashapura Housing 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
Ashapura Housing Private Limited has 21 court cases on record: 2 filed by Ashapura Housing, 19 filed against it. 12 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 14 | 8 |
| High courts | 7 | 5 | 4 |
Cases on record (5 of 21)
| 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 |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Vistra Itcl India Ltd. | Pending |
| District court, Nashik, Maharashtra | Commercial suit | Filed against the company by Mitc Rolling Mills Private Limited Through Dinkar Trimbak Kajale | Pending |
| Bombay High Court | Writ petition | Filed by the company against HDFC Bank Limited and 1 other | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by 360 Realtors LLP | Disposed |
To see the full case history of Ashapura Housing 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 Housing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashapura Housing Private Limited has a workforce of 30 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Ashapura Housing has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCA4498C1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashapura Housing Private Limited, buy the company report.
Recent activity
Ashapura Housing Private Limited has 8 board changes on record since 2008: 5 appointments and 3 cessations. The latest: Maya Hikmat Udhan was appointed as Director on 08 Nov 2011.
Frequently asked questions
Ashapura Housing 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 10 July 2008 (18+ years old) and is registered under CIN U45200MH2008PTC184489.
Ashapura Housing 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 Housing on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashapura Housing is 27AAHCA4498C1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashapura Housing is U45200MH2008PTC184489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Housing has 21 court cases on record: 2 filed by the company and 19 filed against it. 12 are pending. Most are in the district courts.
Ashapura Housing was incorporated on 10 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura Housing has 9 deals on record (4 secondary share transfers, 3 debt financings, 2 funding rounds), with disclosed funding of ₹77.52 Cr; the latest was in January 2019.
The peers of Ashapura Housing by revenue are Nucleus Premium Properties Private Limited, S. B. Landcon Private Limited, Milore Infraprojects Private Limited, Solstrom Energy Solutions Private Limited, Stalagmite Infracon Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Maya Hikmat Udhan was appointed as Director on 08 Nov 2011. Meena Chetan Bhanushali ceased to be Additional Director on 08 Nov 2011. Pravin Girish Chamaria was appointed as Director on 08 Nov 2011. Ashapura Housing has 8 board changes on record in total.
Ashapura Housing can be reached through the website aorealty.com. Its registered office is in Mumbai, Maharashtra, India.
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