About Avarsekar Realty Private Limited
Data last updated:
Avarsekar Realty Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shristi Infrastructure Development Corporation Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 December 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2012PTC238711. The company has 1 GST registration on record, which is no longer active.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 Susmit Das and Jaidip Basu.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Plot – 695/697 64C Sitladevi Temple Road Mahim, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.27 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.27 Cr and EBITDA of -₹1.17 Cr. Revenue has declined at a compounded annual rate (CAGR) of 22% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹300 Cr and satisfied charges of ₹37.71 Cr on record. Court records list 20 cases involving the company, including 11 filed by the company and 9 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016.
The last known website on record is shristicorp.com.
Company details
Contact details
Avarsekar Realty Private Limited's registered office is in Mumbai, Maharashtra. Its website is shristicorp.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot – 695/697 64C Sitladevi Temple Road Mahim, Mumbai, Maharashtra, India – 400016
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Avarsekar Realty 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
Business activity
The main business activity of Avarsekar Realty is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Avarsekar Realty Private Limited, buy the company report.
Financials of Avarsekar Realty Private Limited
FY 2021 filings availableAvarsekar Realty Private Limited reported revenue of ₹10.27 Lakh (up 474% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 474% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA fell 23% 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 | -₹1.17 Cr | ||||
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| Net Profit (PAT) | -₹1.27 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Avarsekar Realty Private Limited, buy the company report.
Board of directors of Avarsekar Realty Private Limited
Avarsekar Realty has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaidip Basu | Nominee Director | 01 Jul 2023 | 3 Years 4 Months | As last reported |
| Susmit Das Also directs: Goldensons Construction Private Limited, Samgrahah Commercial Private Limited, Param Commercial Privtae Limited and 5 more | Director | 01 Jul 2023 | 3 Years 4 Months | As last reported |
Auditor
Avarsekar Realty Private Limited is audited by R B S C & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R B S C & CO | FY 2021 | 302034E |
Shareholding
The shareholding of Avarsekar Realty Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Avarsekar Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2020 | 100397483 | Others | ₹200 Cr | Open | |
| 23 Aug 2013 | 10448574 | L&T Infrastructure Finance Company Limited | ₹100 Cr | Open | |
| 01 Jul 2019 | 100280826 | Others | ₹4.71 Cr | Satisfied | |
| 07 May 2013 | 10426684 | Bajaj Finance Limited | ₹33 Cr | Satisfied |
To see the full charge records of Avarsekar Realty Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Avarsekar Realty Private Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Shristi Infrastructure Development Corporation Limited, Shristi Infrastructure Development Corporation Limited & Rahul Varma Seller: Shristi Infrastructure Development Corporation Limited |
| May 2016 | Secondary share transfer | Undisclosed | Buyer: Shristi Infrastructure Development Corporation Limited Seller: Shristi Housing Development Limited |
| Jun 2015 | Acquisition | Undisclosed | Buyer: Shristi Housing Development Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avarsekar Realty Private Limited has 20 court cases on record: 11 filed by Avarsekar Realty, 9 filed against it. 1 case is pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 8 | 1 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Arbitration matter | Filed against the company by Srei Equipment Finance Limited | Disposed |
| Bombay High Court | Appeal | Filed by the company against L and T Financial Consultants Ltd. Formely Known As L Andt Unnati Finance Limited Chennai and 1 other | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against L and T Financial Consultants Ltd. Formely Known As L Andt Unnati Finance Limited Chennai and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company by L and T Financial Consultants Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by L and T Infrastructure Finance Company Ltd. | Disposed |
To see the full case history of Avarsekar Realty 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 Avarsekar Realty Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avarsekar Realty Private Limited has a workforce of 2 employees on its EPFO records as of May 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 2 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Avarsekar Realty Private Limited, buy the company report.
GST
Avarsekar Realty 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 Avarsekar Realty Private Limited, buy the company report.
Recent activity
Avarsekar Realty Private Limited has 12 board changes on record since 2014: 2 appointments and 10 cessations. The latest: Jaidip Basu was appointed as Nominee Director on 01 Jul 2023.
9 earlier events are in the company report.
Frequently asked questions
Avarsekar Realty is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Avarsekar Realty is a company under insolvency, formerly operating as a 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 12 December 2012 and is registered under CIN U70100MH2012PTC238711. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avarsekar Realty has 2 current directors:
- Jaidip Basu - Nominee Director
- Susmit Das - Director
The latest financial statements of Avarsekar Realty on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avarsekar Realty is U70100MH2012PTC238711. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avarsekar Realty has open charges of ₹300 Cr and satisfied charges of ₹37.71 Cr as per latest MCA filings.
Avarsekar Realty has 20 court cases on record: 11 filed by the company and 9 filed against it. 1 is pending. Most are in the high courts.
Avarsekar Realty was incorporated on 12 December 2012. It is registered with the Registrar of Companies, Mumbai.
Avarsekar Realty has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016.
Jaidip Basu was appointed as Nominee Director on 01 Jul 2023. Susmit Das was appointed as Director on 01 Jul 2023. Bimal Mitra Kumar ceased to be Additional Director on 16 Jun 2023. Avarsekar Realty has 12 board changes on record in total.
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