India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,028 Chetan Navnitlal Shah & family ₹2,600 Cr
Revenue · FY 2025
₹57.66 Lakh
▲ 20% YoY
Net profit · FY 2025
₹14.76 Lakh
Net margin 25.6%
EBITDA · FY 2025
₹19.68 Lakh
EBITDA margin 34.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
33 yrs
Est. 1993
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ashapura Infin Private Limited
Data last updated:
Ashapura Infin Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 23 March 1993 and has been in existence for over 33 years.
Its director Chetan Navnitlal Shah and family are #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1993PTC071285. Its GSTIN is 27AAECA4802B1ZA (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hemul Ramesh Shah and Manan Chetan Shah.
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 Jeevan Udyog Building 3rd Floor D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.66 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹14.76 Lakh (net margin 25.6%) and EBITDA of ₹19.68 Lakh (EBITDA margin 34.1%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 4% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashapura.com.
Company details
CIN U65990MH1993PTC071285
Registration Number 071285
Incorporation Date 23 March 1993
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Recognitions & Rankings of Ashapura Infin
Contact details
Ashapura Infin Private Limited's registered office is in Mumbai, Maharashtra. Its website is ashapura.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressJeevan Udyog Building 3rd Floor D.N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Ashapura Infin Private Limited, buy the company report.
Comprehensive company report
Ashapura Infin Private 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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Business activity
The main business activity of Ashapura Infin is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Ashapura Infin Private Limited, buy the company report.
Financials of Ashapura Infin Private Limited
FY 2025 filings availableAshapura Infin Private Limited reported revenue of ₹57.66 Lakh (up 20% YoY) for FY 2025.
Revenue · FY 2025
₹57.66 Lakh ▲ 20%
Net profit · FY 2025
₹14.76 Lakh margin 25.6%
EBITDA · FY 2025
₹19.68 Lakh margin 34.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 20%
3 years · compounded
▼ 12%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▲ 98%
3 years · compounded
▼ 25%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 20% growth in the latest year. EBITDA rose 98% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹19.68 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹14.76 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
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| Trade Receivables | |||||
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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 | 34.1% | ||||
| Net Profit Margin | 25.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ashapura Infin Private Limited, buy the company report.
Board of directors of Ashapura Infin Private Limited
Ashapura Infin has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemul Ramesh Shah Also directs: Ashapura Minechem Ltd, Manico Resources Private Limited, Manico Minerals International Private Limited and 5 more | Director | 19 Jul 2014 | 12 Years 3 Months | Current |
| Manan Chetan Shah | Director | 07 Oct 2013 | 13 Years 1 Months | Current |
| Chetan Navnitlal Shah | Director | 17 Aug 1993 | 33 Years 2 Months | Current |
Peer comparison
Ashapura Infin Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Geo Realtors Private Limited | ₹57.9 Lakh (FY 2025) | 91.0% | Kanpur, Uttar Pradesh, India | |||
| Omnipotent Enterprises Pvt Ltd | ₹57.85 Lakh (FY 2025) | 73.0% | Kolkata, West Bengal, India | |||
| Max Care Prodcts Private Limited | ₹57.8 Lakh (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| J.P.J. Consultants Private Limited | ₹57.69 Lakh (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Ashapura Infin Private Limitedthis company | ₹57.66 Lakh (FY 2025) | ₹14.76 Lakh | 25.6% | 20.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ashapura Infin Private Limited, buy the company report.
Auditor
Ashapura Infin Private Limited is audited by R A KUVADIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R A KUVADIA & CO | FY 2021 | 105487W |
Shareholding
The shareholding of Ashapura Infin Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | 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 Infin Private Limited, buy the company report.
Legal cases
Ashapura Infin Private Limited has 2 court cases on record: 1 filed by Ashapura Infin, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Ashapura Infin 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 Infin Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashapura Infin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA4802B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashapura Infin Private Limited, buy the company report.
Recent activity
Ashapura Infin Private Limited has 6 board changes on record since 1993: 3 appointments and 3 cessations. The latest: Navnitlal Ratanji Shah ceased to be Director on 20 Jun 2015.
AGM
Ashapura Infin Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ashapura Infin Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Navnitlal Ratanji Shah ceased to be Director.
Ceased
Hemul Ramesh Shah ceased to be Additional Director.
Ceased
Manan Chetan Shah ceased to be Additional Director.
Appointed
Hemul Ramesh Shah was appointed as Director.
Appointed
Manan Chetan Shah was appointed as Director.
Appointed
Chetan Navnitlal Shah was appointed as Director.
Incorporation
23 Mar 1993
Ashapura Infin Private Limited was registered on 23 Mar 1993 with Roc Mumbai & aged 33 years 7 months as per MCA records.
News
Frequently asked questions
Ashapura Infin is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 23 March 1993 (33+ years old) and is registered under CIN U65990MH1993PTC071285.
Ashapura Infin has 3 current directors:
- Hemul Ramesh Shah - Director
- Manan Chetan Shah - Director
- Chetan Navnitlal Shah - Director
The latest financial statements of Ashapura Infin 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 Ashapura Infin is 27AAECA4802B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashapura Infin is U65990MH1993PTC071285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Infin has 2 court cases on record: 1 filed by the company and 1 filed against it.
Ashapura Infin was incorporated on 23 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ashapura Infin by revenue are Geo Realtors Private Limited, Omnipotent Enterprises Pvt Ltd, Max Care Prodcts Private Limited, J.P.J. Consultants Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities).
Navnitlal Ratanji Shah ceased to be Director on 20 Jun 2015. Hemul Ramesh Shah ceased to be Additional Director on 29 Sep 2014. Manan Chetan Shah ceased to be Additional Director on 29 Sep 2014. Ashapura Infin has 6 board changes on record in total.
Ashapura Infin can be reached through the website ashapura.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ashapura Infin is at Jeevan Udyog Building 3rd Floor D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
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