About Asvini Foundations Private Limited
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Asvini Foundations Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN2005PTC057073. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Aarti Jawahar Razee and Swaminathapillai Sivagurunathan.
Its last annual general meeting (AGM) was held on 26 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Door No.13/7 Dhandapani Street T Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2017, the company reported a revenue of ₹8.6 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹55.05 Lakh (net margin -6.4%) and EBITDA of ₹10.74 Lakh (EBITDA margin 1.2%).
The company is associated with 1 brand: Asvini. As per MCA filings, the company has open charges of ₹29.56 Cr and satisfied charges of ₹29.91 Cr on record. Court records list 7 cases involving the company, including 7 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website asvini.com.
Company details
Contact details
Asvini Foundations Private Limited's registered office is in Chennai, Tamil Nadu. Its website is asvini.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDoor No.13/7 Dhandapani Street T Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Asvini Foundations 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
Asvini Foundations operates one associated brand: Asvini. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development and apartment construction in Chennai and Coimbatore. | asvini.com |
Business activity
The main business activity of Asvini Foundations 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 Asvini Foundations Private Limited, buy the company report.
Financials of Asvini Foundations Private Limited
FY 2017 filings availableAsvini Foundations Private Limited reported revenue of ₹8.6 Cr (up 16% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 16% in the latest year. EBITDA rose 113% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹8.6 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹10.74 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹55.05 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 1.2% | ||
| Net Profit Margin | -6.4% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Asvini Foundations Private Limited, buy the company report.
Board of directors of Asvini Foundations Private Limited
Asvini Foundations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aarti Jawahar Razee | Director | 01 Aug 2005 | 21 Years 2 Months | Current |
| Swaminathapillai Sivagurunathan | Director | 01 Aug 2005 | 21 Years 2 Months | Current |
Peer comparison
Asvini Foundations Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Ishaan Infraestates India Private Limited | ₹8.61 Cr (FY 2025) | -34.0% | Ghaziabad, Uttar Pradesh, India | |||
| Adharshila Structures Private Limited | ₹8.6 Cr (FY 2025) | -33.0% | Ranchi, Jharkhand, India | |||
| Asvini Foundations Private Limitedthis company | ₹8.6 Cr (FY 2017) | -₹55.05 Lakh | -6.4% | 16.0% | Chennai, Tamil Nadu, India | |
| D.N. Builders Pvt. Ltd. | ₹8.58 Cr (FY 2025) | 6238.0% | Delhi, India |
To see the full peer comparison of Asvini Foundations Private Limited, buy the company report.
Auditor
Asvini Foundations Private Limited is audited by SREEDHAR SURESH & RAJAGOPALAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SREEDHAR SURESH & RAJAGOPALAN | FY 2017 | 003957S |
Shareholding
The shareholding of Asvini Foundations Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Asvini Foundations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2015 | 10582194 | The Karur Vysya Bank Ltd | ₹17.5 Cr | Satisfied | |
| 30 Jun 2012 | 10372129 | The Karur Vysya Bank Limited | ₹9 Cr | Satisfied | |
| 17 Mar 2011 | 10284430 | The Karur Vysya Bank Limited | ₹3 Cr | Satisfied | |
| 21 Jan 2011 | 10264974 | The Karur Vysya Bank Limited | ₹6 Lakh | Satisfied | |
| 19 Apr 2006 | 80052222 | Karur Vysya Baank Ltd | ₹35 Lakh | Satisfied |
To see the full charge records of Asvini Foundations Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Asvini Foundations Private Limited has 7 court cases on record: 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 6 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The State of Tamilnadu | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by The State of Tamil Nadu | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The State of Tamil Nadu | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S India Ifoline Finance Limited | Disposed |
To see the full case history of Asvini Foundations 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
Asvini Foundations Private Limited was last rated by Crisil on 14 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Nov 2019 |
To see the full credit ratings and regulatory alerts of Asvini Foundations Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Asvini Foundations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Asvini Foundations Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Asvini Foundations 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 Asvini Foundations Private Limited, buy the company report.
Recent activity
Asvini Foundations Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Aarti Jawahar Razee was appointed as Director on 01 Aug 2005.
5 earlier events are in the company report.
Frequently asked questions
Asvini Foundations is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 August 2005 (21+ years old) and is registered under CIN U45201TN2005PTC057073.
Asvini Foundations has 2 current directors:
- Aarti Jawahar Razee - Director
- Swaminathapillai Sivagurunathan - Director
The latest financial statements of Asvini Foundations on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 September 2017. Year-wise statements from 2015 are in the company report.
No. Asvini Foundations has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Asvini Foundations is U45201TN2005PTC057073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Asvini Foundations has 7 court cases on record: 7 filed against it. Most are in the high courts.
Asvini Foundations was incorporated on 01 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Asvini Foundations by revenue are Ishaan Infraestates India Private Limited, Adharshila Structures Private Limited, D.N. Builders Pvt. Ltd, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Aarti Jawahar Razee was appointed as Director on 01 Aug 2005. Swaminathapillai Sivagurunathan was appointed as Director on 01 Aug 2005.
Asvini Foundations can be reached through the website asvini.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Asvini Foundations is at Door No.137 Dhandapani Street T Nagar, Chennai, Tamil Nadu, India – 600017.
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