About Manas Properties
Manas Properties is a publicly listed company based in Mumbai (India) founded in 2004. Real estate development and leasing services are provided in India. Its chief executive, as recorded, is Dev Vijay Thakkar. Its Indian entity Manas Properties Limited reported revenue of ₹44.13 Cr. Its focus areas include Real Estate and Construction, Real Estate Brokers and Diversified. Its competitors include Knight Frank, IMCL and House of Hiranandani.
Company details
Manas Properties was established in 2004 and is headquartered in Mumbai, India. Operations are centered on the real estate sector, where development projects and leasing arrangements are managed. Services include property acquisition, construction, and rental facilitation for commercial and residential assets. The company is led by Dev Vijay Thakkar as CEO, Chairman, and Managing Director. Focus remains on the Indian market with established local presence.
- Headquarters Mumbai, India
- Stage Public
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website manasproperties.co.in
- Legal Name Manas Properties Limited
- Date of Incorporation 02 Nov, 2004
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹162 Cr
MANAS · BSE
- Share Price₹390.00
0.00% today
- EBITDA−₹4.60 Cr
FY 2025-26
- Net Profit₹31.74 Cr
FY 2025-26 · +14.9% YoY
Associated legal entities of Manas Properties
Manas Properties operates through Manas Properties Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Manas Properties Limited Listed CIN L70100MH2004PLC149362 | Active | 02 Nov 2004 | Mumbai, Maharashtra | ₹44.1 Cr | 3 | 9 | View details |
Board of directors of Manas Properties Limited (Manas Properties)
Manas Properties Limited is the primary company behind Manas Properties. The board of Manas Properties Limited currently have 6 directors; the longest-serving is Vijay Thakordas Thakkar, appointed in 2004. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vijay Thakordas Thakkar DIN 00189355 | Director | 18 Nov 2004 | 21 yrs 11 mo | Manas Properties Limited |
| Tanam Vijay Thakkar DIN 00284512 | Director | 18 Nov 2004 | 21 yrs 11 mo | Manas Properties Limited |
| Madhuriben Thakurdas Thakkar DIN 00284480 | Director | 01 Oct 2008 | 18 yrs 1 mo | Manas Properties Limited |
| Dev Vijay Thakkar DIN 07698270 | Managing Director | 14 Jan 2017 | 9 yrs 9 mo | Manas Properties Limited |
| Sony Ngatangmi Keishing DIN 07518878 | Director | 28 Feb 2020 | 6 yrs 8 mo | Manas Properties Limited |
| Tushar Rajendra Momaiyah DIN 08742170 | Additional Director | 02 Sep 2026 | 2 mo | Manas Properties Limited |
People of Manas Properties
1 people are tracked at Manas Properties (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO & Chairman & Managing Director | Leadership |
Complete people profiles for Manas Properties
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Manas Properties
Manas Properties is a publicly listed company on the BSE with ticker symbol MANAS in India, operating in the Realty sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date30 Mar 2017
- Listed onBSE: 540402
- Listed entityManas Properties Limited
- Exchange sectorRealty
Financials of Manas Properties
Exchange-reported figures of Manas Properties Limited, the listed company behind Manas Properties (BSE: MANAS).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | (4.60) | (4.39) | (5.25) | (4.20) | (7.13) | (1.14) | (3.96) |
| Profit before tax | 38.85 | 34.35 | 29.89 | 30.94 | 0.54 | (0.97) | 17.00 |
| Net profit | 31.74 | 27.62 | 24.12 | 25.00 | 0.57 | (1.10) | 13.97 |
| EPS (₹) | 76.32 | 66.39 | 57.99 | 60.08 | 1.34 | (2.66) | 33.60 |
| Balance sheet | |||||||
| Total assets | 164 | 132 | 104 | 80.73 | 55.69 | 55.16 | 56.27 |
| Net worth | 143 | 111 | 83.29 | 59.17 | 34.17 | 33.61 | 34.72 |
| Total debt | 0.10 | 0.10 | 0.10 | 0.52 | 0.52 | 0.55 | 0.55 |
| Cash & bank | 105 | 73.39 | 49.84 | 25.35 | 7.67 | 0.03 | 0.08 |
| Net working capital | 102 | 66.49 | 50.42 | 20.35 | 2.53 | (4.23) | (4.55) |
| Cash flow | |||||||
| Cash from operations | 22.65 | 27.83 | 21.56 | 26.01 | 1.01 | (0.12) | 12.10 |
| Cash from investing | 9.37 | (4.28) | 3.35 | (8.32) | 7.00 | (0.35) | (14.64) |
| Cash from financing | 0.00 | 0.00 | (0.42) | 0.00 | (0.04) | 0.09 | (0.38) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 44.13 | 39.73 | 35.56 | 35.14 | 7.67 | 0.17 | 20.96 |
| Total expenses | 4.60 | 4.39 | 5.25 | 4.20 | 7.13 | 1.14 | 3.96 |
| Employee cost | 0.00 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 |
| EBITDA | (4.60) | (4.39) | (5.25) | (4.20) | (7.13) | (1.14) | (3.96) |
| Depreciation | 0.68 | 0.99 | 0.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 38.85 | 34.35 | 29.89 | 30.94 | 0.54 | (0.97) | 17.00 |
| Tax | 7.11 | 6.73 | 5.77 | 5.94 | (0.03) | 0.13 | 3.03 |
| Net profit | 31.74 | 27.62 | 24.12 | 25.00 | 0.57 | (1.10) | 13.97 |
| EPS (₹) | 76.32 | 66.39 | 57.99 | 60.08 | 1.34 | (2.66) | 33.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.16 | 4.16 | 4.16 | 4.16 | 4.16 | 4.16 | 4.16 |
| Reserves & surplus | 138 | 107 | 79.13 | 55.01 | 30.01 | 29.45 | 30.56 |
| Shareholders' funds (net worth) | 143 | 111 | 83.29 | 59.17 | 34.17 | 33.61 | 34.72 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.10 | 0.10 | 0.10 | 0.52 | 0.52 | 0.55 | 0.55 |
| Total debt | 0.10 | 0.10 | 0.10 | 0.52 | 0.52 | 0.55 | 0.55 |
| Total liabilities | 164 | 132 | 104 | 80.73 | 55.69 | 55.16 | 56.27 |
| Assets | |||||||
| Gross block | 36.22 | 36.22 | 36.22 | 32.63 | 32.64 | 32.64 | 32.64 |
| Net block | 34.14 | 34.82 | 35.80 | 32.63 | 32.63 | 32.63 | 32.63 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 16.92 | 15.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 3.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 105 | 73.39 | 49.84 | 25.35 | 7.67 | 0.03 | 0.08 |
| Loans & advances | 0.54 | 0.72 | 6.54 | 1.22 | 1.13 | 1.47 | 1.10 |
| Total current assets | 109 | 74.11 | 56.38 | 26.57 | 8.80 | 1.50 | 1.18 |
| Total current liabilities | 7.88 | 7.62 | 5.96 | 6.22 | 6.27 | 5.73 | 5.73 |
| Net working capital | 102 | 66.49 | 50.42 | 20.35 | 2.53 | (4.23) | (4.55) |
| Total assets | 164 | 132 | 104 | 80.73 | 55.69 | 55.16 | 56.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 73.39 | 49.84 | 25.35 | 7.67 | (0.30) | 0.08 | 3.00 |
| Net cash from operating activities | 22.65 | 27.83 | 21.56 | 26.01 | 1.01 | (0.12) | 12.10 |
| Net cash from investing activities | 9.37 | (4.28) | 3.35 | (8.32) | 7.00 | (0.35) | (14.64) |
| Net cash from financing activities | 0.00 | 0.00 | (0.42) | 0.00 | (0.04) | 0.09 | (0.38) |
| Net change in cash | 32.02 | 23.55 | 24.49 | 17.69 | 7.97 | (0.38) | (2.92) |
| Closing cash | 105 | 73.39 | 49.84 | 25.35 | 7.67 | 0.03 | 0.08 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| EBITDA growth | -4.8% | +16.4% | -25.0% | +41.1% | -525.4% | +71.2% | - |
| PBT growth | +13.1% | +14.9% | -3.4% | +5629.6% | +9998.0% | - | +28.6% |
| Net income growth | +14.9% | +14.5% | -3.5% | +4286.0% | +151.8% | -107.9% | - |
| Revenue CAGR (3Y) | - | - | - | - | - | -100.0% | -100.0% |
| EBITDA CAGR (3Y) | +3.1% | -14.9% | +66.4% | +2.0% | +25.2% | +28.3% | - |
| Profitability & leverage | |||||||
| Return on capital employed | - | +29.1% | +32.3% | +45.3% | +1.0% | -1.8% | +34.4% |
| Return on net worth | - | +28.4% | +33.9% | +53.6% | +1.7% | -3.3% | +50.4% |
| Debt / equity | - | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.03 |
| Interest cover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 76.32 | 66.39 | 57.99 | 60.08 | 1.34 | (2.66) | 33.60 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 266.60 | 200.21 | 142.22 | 82.14 | 80.80 | 83.46 |
Competitors of Manas Properties
Manas Properties has 3 listed competitors in our database. They include Knight Frank, IMCL and House of Hiranandani.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| knightfrank.com | 1896 | Mumbai, India | Provider of brokerage services for selling of residential & commercial properties | |||
| imcapitals.com | 1991 | Delhi, India | 2 | Real estate sales, leasing advisory, and loan assistance are offered. | ||
| houseofhiranandani.com | 2005 | Mumbai, India | 18 | Develops innovative residential and commercial properties using advanced technologies. |
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Frequently Asked Questions about Manas Properties
Manas Properties was founded in 2004.
Manas Properties is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dev Vijay Thakkar is the CEO of Manas Properties, as recorded in our data.
The primary company behind Manas Properties, Manas Properties Limited, reported revenue of ₹44.13 Cr for FY 2026, up 9997% year on year.
Manas Properties was established in 2004 and is headquartered in Mumbai, India. Operations are centered on the real estate sector, where development projects and leasing arrangements are managed. Services include property acquisition, construction, and rental facilitation for commercial and residential assets. The company is led by Dev Vijay Thakkar as CEO, Chairman, and Managing Director. Focus remains on the Indian market with established local presence.
Manas Properties's top competitors include Knight Frank, IMCL and House of Hiranandani.
Yes, Manas Properties is publicly traded on BSE under the ticker symbol MANAS.
Manas Properties operates through Manas Properties Limited.
The legal entities of Manas Properties currently have 8 directors, including Vijay Thakordas Thakkar, Madhuriben Thakurdas Thakkar, Tanam Vijay Thakkar and others.