MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0332039
Ashdan Developers Private Limited - real estate and construction in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹196.96 Cr
▼ 9% YoY
Net profit · FY 2024
₹1.12 Cr
Net margin 0.6%
EBITDA · FY 2024
₹20.48 Cr
EBITDA margin 10.4%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹100
Issued & subscribed
Open charges
₹1,845 Cr
Satisfied ₹3,771 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
244
Provident fund records
About Ashdan Developers Private Limited
Data last updated:
Ashdan Developers Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Solitaire Metropolis Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 November 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U68100PN2006PTC129196. Its GSTIN is 27AABCL4100E1Z5 (Maharashtra).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹100. It was formerly known as L. K. Developers Private Limited and Kul Developers Private Limited. It is led by directors Meena Karne and Anil Shantilal Kankariya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹196.96 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.12 Cr (net margin 0.6%) and EBITDA of ₹20.48 Cr (EBITDA margin 10.4%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 49% over five years.
The company has about 244 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,845 Cr and satisfied charges of ₹3,771 Cr on record. Court records list 43 cases involving the company, including 16 filed by the company and 28 filed against it; 18 cases are pending. The company has 6 deals on record (2 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹545 Cr; the latest was in June 2019.
Ashdan Developers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0332039). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solitaire.in.
Company details
CIN U68100PN2006PTC129196
Registration Number 129196
Incorporation Date 07 November 2006
ROC Pune
Listing Status Unlisted
Company Status Active
Parent Company Solitaire Metropolis Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0332039
Name history
Ashdan Developers has undergone 2 name changes throughout its history. The company was previously known as L. K. Developers Private Limited, and Kul Developers Private Limited. The current legal name is Ashdan Developers Private Limited.
| Company Name | Status |
|---|---|
| Ashdan Developers Private Limited | Current |
| L. K. Developers Private Limited | Previous |
| Kul Developers Private Limited | Previous |
CIN history
Ashdan Developers has one previous CIN (Corporate Identification Number): U70102PN2006PTC129196. The current CIN is U68100PN2006PTC129196, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68100PN2006PTC129196 | Current |
| U70102PN2006PTC129196 | Previous |
Recognitions & Rankings of Ashdan Developers
Contact details
Ashdan Developers Private Limited's registered office is in Pune, Maharashtra.
- Registered AddressSolitaire World Level 8 S No. 36/1/1 Opposite Regency Classic Mumbai Bangalore Highwa, Y Baner, Pune, Maharashtra, India – 411045
- IndustryReal Estate and Construction, Real Estate Builders & Developers
Comprehensive company report
Ashdan Developers 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 Ashdan Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Ashdan Developers Private Limited, buy the company report.
Financials of Ashdan Developers Private Limited
FY 2024 filings availableAshdan Developers Private Limited reported revenue of ₹196.96 Cr (down 9% YoY) for FY 2024.
Revenue · FY 2024
₹196.96 Cr ▼ 9%
Net profit · FY 2024
₹1.12 Cr margin 0.6%
EBITDA · FY 2024
₹20.48 Cr margin 10.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 54%
5 years · compounded
▲ 49%
EBITDA CAGR growth
1 year
▲ 63%
3 years · compounded
▲ 1%
5 years · compounded
▼ 5%
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 49%. EBITDA rose 63% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹20.48 Cr | ||||
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| Net Profit (PAT) | ₹1.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.4% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Ashdan Developers Private Limited, buy the company report.
Board of directors of Ashdan Developers Private Limited
Ashdan Developers has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meena Karne Also directs: Aac Realty LLP | Director | 21 Mar 2018 | 8 Years 7 Months | Current |
| Anil Shantilal Kankariya | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
Charges & borrowings
Open charges
₹1,845 Cr
Satisfied charges
₹3,771 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101153370 | Tata Capital Housing Finance Limited | ₹110 Cr | Open | |
| 25 Mar 2025 | 101075614 | Others | ₹285 Cr | Open | |
| 11 Dec 2024 | 101025079 | Others | ₹1,200 Cr | Open | |
| 29 Nov 2024 | 101022232 | Tata Capital Housing Finance Limited | ₹250 Cr | Open | |
| 03 May 2023 | 100730141 | Idbi Trusteeship Services Limited | ₹151 Cr | Satisfied |
To see the full charge records of Ashdan Developers Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Ashdan Developers Private Limited has 6 deals on record (2 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹545 Cr; the latest was in June 2019.
Total deals
6
Funding rounds
2
Debt financings
2
Secondary share transfers
2
Disclosed funding
₹545 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Debt financing | ₹420 Cr | Investors: Indiabulls Dual Advantage Commercial Asset Fund |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Solitaire Metropolis Private Limited , Solitaire Metropolis Private Limited & Atul Chordia Seller: Kumar Urban Development Private Limited & Lalitkumar Kesarimal Jain, Icici Prudential Venture Capital Fund Real Estate Scheme I, Kumar Sinew Developers Private Limited |
| Sep 2013 | Debt financing | ₹97.3 Cr | Investors: Icici Prudential Venture Capital Fund Real Estate Scheme I, ICICI Prudential AMC Limited A/C PMS IOP |
| Mar 2013 | Funding round | ₹2.71 Cr | Investors: Icici Prudential Venture Capital Fund Real Estate Scheme I |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Kumar Urban Development Private Limited & Lalitkumar Kesarimal Jain, Kumar Urban Development Private Limited Seller: 2 individuals |
To see the full deal history of Ashdan Developers 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
Ashdan Developers Private Limited has 43 court cases on record: 16 filed by Ashdan Developers, 28 filed against it. 18 cases are pending and 25 are disposed.
Total cases
43
Filed by the company
16
Filed against the company
28
Pending
18
Disposed
25
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 20 | 17 |
| High courts | 9 | 6 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Ashdan Developers Pvt Ltd and Anr and 1 other | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Ashdan Developers Pvt Ltd. Earlier Known As Kul Developers and Before That Know As L.K.Developers, and 15 others | Pending |
| District court, Pune, Maharashtra | Court case (Reg Dkst) | Filed by the company against Arhum Erectors Pvt Ltd and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (ARA) | Filed against the company by Kumar Urban Development Private Limited, Pune and Anr. and 1 other | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kumar Urban Development Private Limited, Pune and Anr. and 1 other | Disposed |
To see the full case history of Ashdan Developers 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 Ashdan Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ashdan Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL4100E1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashdan Developers Private Limited, buy the company report.
Recent activity
Ashdan Developers Private Limited has 15 board changes on record since 2008: 2 appointments and 13 cessations. The latest: Ashok Dhanraj Chordia ceased to be Additional Director on 04 Sep 2024.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 110.00 Cr with Charge ID 101153370 was registered on 31 Jul 2025.
Charges
A charge with Others of Rs. 285.00 Cr registered on 25 Mar 2025 with Charge ID 101075614 was modified on 15 May 2025.
Charges
A charge with Others amounted to Rs. 285.00 Cr with Charge ID 101075614 was registered on 25 Mar 2025.
Charges
A charge with Others of Rs. 1,200.00 Cr registered on 11 Dec 2024 with Charge ID 101025079 was modified on 25 Mar 2025.
Charges
A charge with Others amounted to Rs. 1,200.00 Cr with Charge ID 101025079 was registered on 11 Dec 2024.
Charges
A charge registered on 03 May 2023 via Charge ID 100730141 with Idbi Trusteeship Services Limited was fully satisfied on 06 Dec 2024.
Charges
A charge registered on 09 Sep 2021 via Charge ID 100500875 with Idbi Trusteeship Services Limited was fully satisfied on 06 Dec 2024.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 250.00 Cr with Charge ID 101022232 was registered on 29 Nov 2024.
AGM
Ashdan Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ashok Dhanraj Chordia ceased to be Additional Director.
Filing
Ashdan Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Ceased
Bhushan Vilaskumar Palresha ceased to be Additional Director.
50 earlier events are in the company report.
Frequently asked questions
Ashdan Developers is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 November 2006 (20+ years old) and is registered under CIN U68100PN2006PTC129196.
Ashdan Developers has 2 current directors:
- Meena Karne - Director
- Anil Shantilal Kankariya - Director
The latest financial statements of Ashdan Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ashdan Developers is 27AABCL4100E1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashdan Developers is U68100PN2006PTC129196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashdan Developers has 43 court cases on record: 16 filed by the company and 28 filed against it. 18 are pending. Most are in the district courts.
Ashdan Developers was incorporated on 07 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Ashdan Developers has 6 deals on record (2 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹545 Cr; the latest was in June 2019.
Ashok Dhanraj Chordia ceased to be Additional Director on 04 Sep 2024. Bhushan Vilaskumar Palresha ceased to be Additional Director on 28 Sep 2023. Nilesh Vilaskumar Palresha ceased to be Additional Director on 28 Sep 2023. Ashdan Developers has 15 board changes on record in total.
Yes, Ashdan Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0332039).
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