About Ashapura Options Private Limited
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Ashapura Options 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 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 U70102MH2008PTC184487. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹99 Lakh. It was formerly known as Ashapura Infrastructure Private Limited. It is led by directors including Chetan Sundarji Bhanushali and Dhanji Ganesha Patel.
Its last annual general meeting (AGM) was held on 25 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 ₹39.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.09 Cr (net margin 2.7%) and EBITDA of ₹12.98 Cr (EBITDA margin 32.5%). Revenue has grown at a compounded annual rate (CAGR) of 189% over three years and 144% over five years.
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹108.33 Cr and satisfied charges of ₹48 Cr on record. Court records list 89 cases involving the company, including 8 filed by the company and 81 filed against it; 41 cases are pending. The company has 6 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹30.95 Cr; the latest was in August 2020.
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
CIN history
Ashapura Options has one previous CIN (Corporate Identification Number): U45200MH2008PTC184487. The current CIN is U70102MH2008PTC184487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102MH2008PTC184487 | Current |
| U45200MH2008PTC184487 | Previous |
Contact details
Ashapura Options Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- 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 Options 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 Options 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 Options Private Limited, buy the company report.
Financials of Ashapura Options Private Limited
FY 2019 filings availableAshapura Options Private Limited reported revenue of ₹39.87 Cr (up 384% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 144% over five years, including 384% growth in the latest year. EBITDA fell 62% 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 | |||||
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| Other Income | |||||
| Total Revenue | ₹39.87 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹12.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.09 Cr | ||||
| Balance Sheet | |||||
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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 | 32.5% | ||||
| Net Profit Margin | 2.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ashapura Options Private Limited, buy the company report.
Board of directors of Ashapura Options Private Limited
Ashapura Options 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 | 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 | 07 Jul 2011 | 15 Years 3 Months | Current |
| Meena Chetan Bhanushali | Director | 01 Nov 2010 | 15 Years 11 Months | Current |
| Pravin Girish Chamaria Also directs: Options Real Estate Consultants LLP, Ashapura Premises LLP, Ashapura Arcade LLP and 5 more | Director | 11 Jun 2011 | 15 Years 4 Months | Current |
| Maya Hikmat Udhan | Director | 08 Nov 2011 | 14 Years 11 Months | Current |
Auditor
Ashapura Options 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 Options Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ashapura Options Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2020 | 100382344 | Others | ₹50 Cr | Open | |
| 27 Aug 2020 | 100369634 | Others | ₹30 Cr | Open | |
| 27 Aug 2020 | 100370873 | Others | ₹6 Cr | Open | |
| 07 Aug 2019 | 100286398 | Others | ₹10 Cr | Open | |
| 31 Jan 2018 | 100156018 | Others | ₹1.07 Cr | Open |
To see the full charge records of Ashapura Options Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Ashapura Options Private Limited has 6 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹30.95 Cr; the latest was in August 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Acquisition | ₹100 Cr | Buyer: Nixa Fincap Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Options Infra Project Private Limited Seller: 4 individuals |
| Mar 2014 | Funding round | ₹95 Lakh | Investors: Blue Sapphire Properties Private Limited , 3 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Blue Sapphire Properties Private Limited Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Blue Sapphire Properties Private Limited , 2 individuals |
To see the full deal history of Ashapura Options 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 Options Private Limited has 89 court cases on record: 8 filed by Ashapura Options, 81 filed against it. 41 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 54 | 48 | 31 |
| High courts | 24 | 22 | 7 |
| NCLAT | 6 | 6 | 3 |
| NCLT | 4 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by PNB Housing Finance Ltd. | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by PNB Housing Finance Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against A and O Realty Private Limited and 5 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Sachetna Finance Private Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Sachetna Finance Private Limited | Pending |
To see the full case history of Ashapura Options 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 Options Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ashapura Options has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ashapura Realtors and Constructions Private Limited | U70100MH1996PTC096124 | |
| A & O Realty Private Limited | U70102MH2013PTC248941 |
To see the full group structure of Ashapura Options Private Limited, buy the company report.
Employees & EPFO
Ashapura Options Private Limited has a workforce of 9 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Ashapura Options 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 Options Private Limited, buy the company report.
Recent activity
Ashapura Options Private Limited has 9 board changes on record since 2008: 5 appointments and 4 cessations. The latest: Bijendra Kumar Jha ceased to be Irp/Rp/Liquidator on 01 May 2025.
12 earlier events are in the company report.
Frequently asked questions
Ashapura Options 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 U70102MH2008PTC184487.
Ashapura Options 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 Options on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 25 November 2019. Year-wise statements from 2015 are in the company report.
No. Ashapura Options has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ashapura Options is U70102MH2008PTC184487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashapura Options has 89 court cases on record: 8 filed by the company and 81 filed against it. 41 are pending. Most are in the district courts.
Ashapura Options was incorporated on 10 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashapura Options has 6 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹30.95 Cr; the latest was in August 2020.
Bijendra Kumar Jha ceased to be Irp/Rp/Liquidator on 01 May 2025. Maya Hikmat Udhan was appointed as Director on 08 Nov 2011. Meena Chetan Bhanushali ceased to be Additional Director on 08 Nov 2011. Ashapura Options has 9 board changes on record in total.
Ashapura Options can be reached through the website aorealty.com. Its registered office is in Mumbai, Maharashtra, India.