About Asmita India Limited
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Asmita India Limited is a public limited company based in Thane, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 December 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1985PLC038289. Its GSTIN is 27AAACA5637N1ZE (Maharashtra).
The company has an authorised share capital of ₹61.6 Cr and a paid-up capital of ₹60.51 Cr. It was formerly known as Asmita Constructions Pvt Ltd and Asmita India Private Limited. It is led by directors including Noorjahan Begum Syed (Whole-Time Director) and Rukhsar Muzaffar Hussain Syed.
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 Asmita House Naya Nagar Mira Road East, Thane, Maharashtra, India – 401107.
As per the financials filed for FY 2025, the company reported a revenue of ₹171.49 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹6.35 Cr (net margin 3.7%) and EBITDA of ₹8.6 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 66% over three years and 52% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹159.03 Cr on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website asmitagroup.com.
Company details
Name history
Asmita India has undergone 2 name changes throughout its history. The company was previously known as Asmita Constructions Pvt Ltd, and Asmita India Private Limited. The current legal name is Asmita India Limited.
| Company Name | Status |
|---|---|
| Asmita India Limited | Current |
| Asmita Constructions Pvt Ltd | Previous |
| Asmita India Private Limited | Previous |
CIN history
Asmita India has one previous CIN (Corporate Identification Number): U99999MH1985PTC038289. The current CIN is U99999MH1985PLC038289, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1985PLC038289 | Current |
| U99999MH1985PTC038289 | Previous |
Contact details
Asmita India Limited's registered office is in Thane, Maharashtra. Its website is asmitagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAsmita House Naya Nagar Mira Road East, Thane, Maharashtra, India – 401107
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Asmita India 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 Asmita India 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 Asmita India Limited, buy the company report.
Financials of Asmita India Limited
FY 2025 filings availableAsmita India Limited reported revenue of ₹171.49 Cr (up 55% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 55% growth in the latest year. EBITDA rose 65% 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 |
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| EBITDA | ₹8.6 Cr | ||||
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| Net Profit (PAT) | ₹6.35 Cr | ||||
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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 | 5% | ||||
| Net Profit Margin | 3.7% | ||||
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To see the full financial statements and ratios of Asmita India Limited, buy the company report.
Board of directors of Asmita India Limited
Asmita India has 8 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rukhsar Muzaffar Hussain Syed Also directs: Asmita Education and Healthcare Foundation, Asmita Super Markets Pvt Ltd, Asmita Resorts Private Limited and 1 more | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Nilesh Dilip Desai | Director | 29 Aug 2022 | 4 Years 1 Months | Current |
| Dharmesh Harendra Upadhyaya Also directs: Asmita Education and Healthcare Foundation | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Noorjahan Begum Syed | Whole-Time Director | 31 Jul 1994 | 32 Years 2 Months | Current |
| Dinubhai Ramjibhai Vagadiya Also directs: Asmita Education and Healthcare Foundation | Director | 17 May 2023 | 3 Years 5 Months | Current |
| Mazhar Muzaffar Hussain Syed | Director | 21 Jul 2014 | 12 Years 3 Months | Current |
Peer comparison
Asmita India Limited is compared with the 4 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 Venkatesh Buildcon Private Limited | ₹172.28 Cr (FY 2025) | -42.0% | Pune, Maharashtra, India | |||
| Asmita India Limitedthis company | ₹171.49 Cr (FY 2025) | ₹6.35 Cr | 3.7% | 55.0% | Thane, Maharashtra, India | |
| Artech Realtors Private Limited | ₹171.15 Cr (FY 2025) | 11.0% | Thiruvananthapuram, Kerala, India | |||
| Prahitha Constructions Private Limited | ₹171 Cr (FY 2025) | 191.0% | Bangalore, Karnataka, India | |||
| Skandhanshi Infra Projects India Private Limited | ₹170.88 Cr (FY 2025) | -11.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Asmita India Limited, buy the company report.
Auditor
Asmita India Limited is audited by H. R. Lalka & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. R. Lalka & Co | FY 2023 | 105574W |
Shareholding
The shareholding of Asmita India 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Asmita India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2010 | 10258593 | Punjab National Bank | ₹102.3 Cr | Satisfied | |
| 02 Sep 2008 | 10123973 | Union Bank of India (As Lead Bank of Union Bank Consortium) | ₹56.73 Cr | Satisfied |
To see the full charge records of Asmita India Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Asmita India Limited has 26 court cases on record: 11 filed by Asmita India, 15 filed against it. 8 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 13 | 8 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company by Asmita Vintage I and X Co-Operative Housing Society Limited Thro. Authorised Representative | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Siddhi Developers and 3 Ors. | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Asmita Lotus Rose Jasmine Co-Operative Housing Society Ltd.And Ors. and 15 others | Pending |
To see the full case history of Asmita India 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 Asmita India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Asmita India has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Asmita Super Markets Pvt Ltd | U46209MH1991PTC062605 |
To see the full group structure of Asmita India Limited, buy the company report.
GST
Asmita India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA5637N1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Asmita India Limited, buy the company report.
Recent activity
Asmita India Limited has 18 board changes on record since 1994: 10 appointments and 8 cessations. The latest: Darshit Nitin Goradia was appointed as Director on 30 Sep 2025.
14 earlier events are in the company report.
Frequently asked questions
Asmita India is an active public limited company based in Thane, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 December 1985 (41+ years old) and is registered under CIN U99999MH1985PLC038289.
Asmita India has 8 current directors:
- Noorjahan Begum Syed - Whole-Time Director
- Rukhsar Muzaffar Hussain Syed - Director
- Nilesh Dilip Desai - Director
- Dharmesh Harendra Upadhyaya - Director
- Dinubhai Ramjibhai Vagadiya - Director
- Mazhar Muzaffar Hussain Syed - Director
- Khurshad Hussain Saiyad - Additional Director
- Darshit Nitin Goradia - Director
The latest financial statements of Asmita India 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 Asmita India is 27AAACA5637N1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Asmita India is U99999MH1985PLC038289. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asmita India has 26 court cases on record: 11 filed by the company and 15 filed against it. 8 are pending. Most are in the high courts.
Asmita India was incorporated on 10 December 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Asmita India by revenue are Shree Venkatesh Buildcon Private Limited, Artech Realtors Private Limited, Prahitha Constructions Private Limited, Skandhanshi Infra Projects India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Darshit Nitin Goradia was appointed as Director on 30 Sep 2025. Khurshad Hussain Saiyad was appointed as Additional Director on 19 Jun 2025. Nilesh Dilip Desai ceased to be Additional Director on 29 Sep 2023. Asmita India has 18 board changes on record in total.
Asmita India can be reached through the website asmitagroup.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Asmita India is at Asmita House Naya Nagar Mira Road East, Thane, Maharashtra, India – 401107.