About Ativa Real Estate Developers Private Limited
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Ativa Real Estate Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji Real Estate Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45209MH2019PTC320522. Its GSTIN is 27AARCA8750F1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Saureen Bharat Desai and Kanishka Jairaj Phatak.
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 Sp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.34 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹33.18 Cr and EBITDA of ₹1.04 Cr (EBITDA margin 77.7%).
As per MCA filings, the company has open charges of ₹350 Cr and satisfied charges of ₹265 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shapoorjirealestate.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Ativa Real Estate Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Ativa Real Estate Developers Private Limited
FY 2025 filings availableAtiva Real Estate Developers Private Limited reported revenue of ₹1.34 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year. EBITDA fell 47% 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹1.04 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹33.18 Cr | |
| 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 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 77.7% | |
| Net Profit Margin | •••• | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ativa Real Estate Developers are in the company report.
: available in the company report
Board of Directors of Ativa Real Estate Developers Private Limited
Ativa Real Estate Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saureen Bharat Desai Also directs: Awesome Space Creations LLP, Vakratunda Buildcon Private Limited, Shapoorji Pallonji Real Estate Private Limited and 5 more | Director | 25 Sep 2020 | 6 Years 0 Months | Current |
| Kanishka Jairaj Phatak | Director | 19 Apr 2023 | 3 Years 6 Months | Current |
Auditor Details
Ativa Real Estate Developers Private Limited is audited by KAUSHAL MANISH & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAUSHAL MANISH & COMPANY | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2022 | Idbi Trusteeship Services Limited | ₹60 Cr | Open |
| 16 Nov 2022 | Idbi Trusteeship Services Limited | ₹115 Cr | Open |
| 16 Nov 2022 | Idbi Trusteeship Services Limited | ₹175 Cr | Open |
| 25 May 2022 | Others | ₹265 Cr | Satisfied |
Total charge records: 4 View all charges
MSME Payment Delays
Ativa Real Estate Developers Private Limited has 4 MSME Form 1 returns on record between 2019 and 2023, listing 5 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Kaushal Manish & Co. | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Ativa Real Estate Developers.
: available in the company report
Recent Activity
Ativa Real Estate Developers Private Limited has 10 board changes on record since 2019: 6 appointments and 4 cessations. The latest: Subhash Pandurang Tambe ceased to be Director on 25 Jan 2025.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Ativa Real Estate Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCA8750F1ZA | Maharashtra | Active | 20 May 2019 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Ativa Real Estate Developers 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 01 February 2019 (7+ years old) and is registered under CIN U45209MH2019PTC320522.
Ativa Real Estate Developers has 2 current directors:
- Saureen Bharat Desai - Director
- Kanishka Jairaj Phatak - Director
The latest financial statements of Ativa Real Estate Developers 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 FY 2019 are in the company report.
The GSTIN of Ativa Real Estate Developers is 27AARCA8750F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ativa Real Estate Developers is U45209MH2019PTC320522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ativa Real Estate Developers was incorporated on 01 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Subhash Pandurang Tambe ceased to be Director on 25 Jan 2025. Subhash Pandurang Tambe was appointed as Director on 08 May 2024. Jotish Nilambar Jha ceased to be Director on 22 Apr 2024. Ativa Real Estate Developers has 10 board changes on record in total.
Ativa Real Estate Developers has 4 MSME Form 1 returns on record between 2019 and 2023, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Aug 2023.
Ativa Real Estate Developers can be reached through the website shapoorjirealestate.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ativa Real Estate Developers is at Sp Centre 4144 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
Ativa Real Estate Developers operates in the real estate and construction industry, in the real estate builders and developers segment.