About Assetz Whitefield Homes Private Limited
Data last updated:
Assetz Whitefield Homes Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Assetz Premium Holdings Pte Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 May 2012.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U70109TN2012PTC173978. Its GSTIN is 29AAKCA7816P1ZV (Karnataka).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Ben Cameron Melville Salmon and Akshay Kishore Dewani.
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 was at New No. 10/28 Shankaralaya 2nd Floor, 3rd Cross Street R.K. Nagar Raja Annamalaipuram Mandaveli Chennai, Tamil Nadu, India – 600028.
As per the financials filed for FY 2024, the company reported a revenue of ₹367.28 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹22.93 Cr (net margin 6.2%) and EBITDA of ₹41 Cr (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 32% over five years.
The company was associated with 1 brand: Assetz Property Group. As per MCA filings, the company had open charges of ₹1.49 Cr and satisfied charges of ₹475.56 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹58.34 Cr; the latest was in March 2015. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 2 smaller; the largest is Urbanrise Constructions Private Limited with revenue of ₹371.5 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 156 overdue payments to 38 micro and small suppliers.
The last known website on record is assetzproperty.com.
Company details
CIN history
Assetz Whitefield Homes has one previous CIN (Corporate Identification Number): U70109KA2012PTC063873. The current CIN is U70109TN2012PTC173978, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70109TN2012PTC173978 | Current |
| U70109KA2012PTC063873 | Previous |
Contact details
Assetz Whitefield Homes Private Limited's registered office is in Chennai, Tamil Nadu. Its website is assetzproperty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No. 10/28 Shankaralaya 2nd Floor, 3rd Cross Street R.K. Nagar Raja Annamalaipuram Mandaveli Chennai, Tamil Nadu, India – 600028
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Assetz Whitefield Homes 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
Brands
Assetz Whitefield Homes operates one associated brand: Assetz Property Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development and asset management services are provided. | assetzproperty.com |
Business activity
The main business activity of Assetz Whitefield Homes 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 Assetz Whitefield Homes Private Limited, buy the company report.
Financials of Assetz Whitefield Homes Private Limited
FY 2024 filings availableAssetz Whitefield Homes Private Limited reported revenue of ₹367.28 Cr (down 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 36% 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 | ₹41 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹22.93 Cr | ||||
| Balance Sheet | |||||
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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 | 11.2% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Assetz Whitefield Homes Private Limited, buy the company report.
Board of directors of Assetz Whitefield Homes Private Limited
Assetz Whitefield Homes has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ben Cameron Melville Salmon | Director | 07 May 2012 | 14 Years 6 Months | As last reported |
| Akshay Kishore Dewani Also directs: Assetz Limited, Avenue Venture Partners Investment Advis Er LLP, Assetz Sarjapur Project Services LLP and 5 more | Director | 15 Jun 2017 | 9 Years 4 Months | As last reported |
| Pankaj Kumar Bajaj | Director | 24 Jan 2024 | 2 Years 9 Months | As last reported |
Peer comparison
Assetz Whitefield Homes 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 |
|---|---|---|---|---|---|---|
| Urbanrise Constructions Private Limited | ₹371.5 Cr (FY 2024) | 17370.0% | Chennai, Tamil Nadu, India | |||
| Pushpdeep Infrastructure Private Limited | ₹369.43 Cr (FY 2025) | 81.0% | Noida, Uttar Pradesh, India | |||
| Swastik Assets Private Limited | ₹368.54 Cr (FY 2025) | 21.0% | Bhubaneswar, Odisha, India | |||
| Casa Grande Civil Engineering Private Limited | ₹367.41 Cr (FY 2025) | 702.0% | Chennai, Tamil Nadu, India | |||
| Assetz Whitefield Homes Private Limitedthis company | ₹367.28 Cr (FY 2024) | ₹22.93 Cr | 6.2% | -13.0% | Chennai, Tamil Nadu, India | |
| Nambiar Builders Private Limited | ₹363.78 Cr (FY 2025) | -10.0% | Bangalore, Karnataka, India | |||
| Phoenix Infrastructure Private Limited | ₹363.77 Cr (FY 2025) | 26.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Assetz Whitefield Homes Private Limited, buy the company report.
Auditor
Assetz Whitefield Homes Private Limited is audited by Deloitte Haskins & Sells for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2022 | 008072S |
Shareholding
The shareholding of Assetz Whitefield Homes 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Assetz Whitefield Homes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jun 2018 | 100185492 | Others | ₹394.74 Cr | Satisfied | |
| 07 Mar 2018 | 100174729 | Hdfc Bank Limited | ₹7 Cr | Satisfied | |
| 10 Jan 2018 | 100155155 | Hdfc Bank Limited | ₹1.82 Cr | Satisfied | |
| 08 Jul 2015 | 10579084 | Others | ₹72 Cr | Satisfied |
To see the full charge records of Assetz Whitefield Homes Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Assetz Whitefield Homes Private Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹58.34 Cr; the latest was in March 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Assetz Premium Holdings Pte Limited Seller: Assetz Investments and Holdings LLP |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: Assetz Investments and Holdings LLP Seller: Avenue Venture Real Estate Fund |
| Mar 2014 | Debt financing | ₹28.4 Cr | Investors: Avenue Venture Real Estate Fund, Assetz Investments and Holdings LLP |
| Apr 2013 | Funding round | ₹9 Lakh | Investors: Avenue Venture Real Estate Fund, Assetz Investments and Holdings LLP |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Assetz Investments and Holdings LLP , an individual Seller: 2 individuals |
To see the full deal history of Assetz Whitefield Homes 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
Assetz Whitefield Homes Private Limited has 4 court cases on record: 1 filed by Assetz Whitefield Homes, 3 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Sai Lakshmi Industries Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Assetz Whitefield Homes 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.
Credit ratings & regulatory alerts
Assetz Whitefield Homes Private Limited was last rated by Icra on 16 Aug 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Aug 2017 |
To see the full credit ratings and regulatory alerts of Assetz Whitefield Homes Private Limited, buy the company report.
MSME payment delays
Assetz Whitefield Homes Private Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 156 overdue payments to 38 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Naveen Electrical Enterprises | |||
| GDX Security Solutions India Private Limited | |||
| Ascend Facility Management and Services Private Limited | |||
| V S Impex | |||
| Sila Solutions Private Limited |
To see the full MSME payment records of Assetz Whitefield Homes Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Assetz Whitefield Homes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCA7816P1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Assetz Whitefield Homes Private Limited, buy the company report.
Recent activity
Assetz Whitefield Homes Private Limited has 13 board changes on record since 2012: 3 appointments and 10 cessations. The latest: Pankaj Kumar Bajaj ceased to be Additional Director on 29 Sep 2024.
14 earlier events are in the company report.
News
Frequently asked questions
Assetz Whitefield Homes has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Assetz Whitefield Homes was a private limited company based in Chennai, Tamil Nadu, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 May 2012 and is registered under CIN U70109TN2012PTC173978. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Assetz Whitefield Homes was incorporated on 07 May 2012. It is registered with the Registrar of Companies, Chennai.
Assetz Whitefield Homes had 3 directors:
- Ben Cameron Melville Salmon - Director
- Akshay Kishore Dewani - Director
- Pankaj Kumar Bajaj - Director
The CIN (Corporate Identification Number) of Assetz Whitefield Homes is U70109TN2012PTC173978. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Assetz Whitefield Homes is at New No. 1028 Shankaralaya 2nd Floor, 3rd Cross Street R.K. Nagar Raja Annamalaipuram Mandaveli Chennai, Tamil Nadu, India – 600028.
Assetz Whitefield Homes can be reached through the website assetzproperty.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Assetz Whitefield Homes 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 Assetz Whitefield Homes is 29AAKCA7816P1ZV, registered in Karnataka.
Assetz Whitefield Homes operated in the real estate and construction industry, in the real estate builders and developers segment.
Assetz Whitefield Homes has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹58.34 Cr; the latest was in March 2015.
The peers of Assetz Whitefield Homes by revenue are Urbanrise Constructions Private Limited, Pushpdeep Infrastructure Private Limited, Swastik Assets Private Limited, Casa Grande Civil Engineering Private Limited, Nambiar Builders Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
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