About Bakeri Urban Development Private Limited
Data last updated:
Bakeri Urban Development Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Bakeri Projects Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 23 September 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70100GJ1996PTC030783. Its GSTIN is 24AAACH4674C1ZX (Gujarat).
The company has an authorised share capital of ₹20.14 Cr and a paid-up capital of ₹20.01 Cr. It was formerly known as Harmony Realty Projects Private Lmited. It is led by directors including Asit Natvarlal Somani and Pavan Anil Bakeri.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sanskrut Ist Floor Nr. Old High Court Road Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.85 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net profit of ₹3.42 Cr (net margin 10.7%) and EBITDA of ₹11.77 Cr (EBITDA margin 37%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 13% over five years.
The company has about 19 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Bakeri Group. As per MCA filings, the company has open charges of ₹192.35 Cr and satisfied charges of ₹307.58 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 1 filed against it; 4 cases are pending. The company has 7 deals on record (3 acquisitions, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹105 Cr; the latest was in March 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bakeri.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSanskrut Ist Floor Nr. Old High Court Road Ashram Road, Ahmedabad, Gujarat, India – 380009
- 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 of Bakeri Urban Development Private Limited
The main business activity of Bakeri Urban Development is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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
Verified entity values are shown only after access is granted.
Financials of Bakeri Urban Development Private Limited FY 2024 filings available
Bakeri Urban Development Private Limited reported revenue of ₹31.85 Cr (up 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Bakeri Urban Development Private Limited
Revenue rose 87% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 42% 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 of Bakeri Urban Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹11.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.42 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 of Bakeri Urban Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.7% | •••• | •••• | •••• | •••• |
| 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 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 Bakeri Urban Development are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Bakeri Urban Development Private Limited
Bakeri Urban Development Private Limited is audited by SanjayVastupal & Co. Chartered Accountants for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SanjayVastupal & Co. Chartered Accountants | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Bakeri Urban Development Private Limited
Bakeri Urban Development 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 |
|---|---|---|---|---|
| Asit Natvarlal Somani Also directs: Sakar Engineering and Infra LLP, Merushikhar Infra LLP, Tridhya Corporate LLP and 5 more | Director | 01 May 2013 | 13 Years 5 Months | Current |
| Pavan Anil Bakeri | Director | 03 May 2008 | 18 Years 5 Months | Current |
| Hiteshi Rahul Bole Also directs: Bakeri Real Estate Private Limited | Director | 10 Jul 2024 | 2 Years 2 Months | Current |
Ownership and Shareholding of Bakeri Urban Development Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bakeri Urban Development Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jun 2025 | Others | ₹50 Cr | Open |
| 01 Apr 2025 | Others | ₹20 Cr | Open |
| 06 Oct 2023 | Axis Bank Limited | ₹3.8 Cr | Open |
| 07 Apr 2023 | Others | ₹7 Cr | Open |
| 03 Jan 2022 | Others | ₹50 Cr | Open |
Total charge records: 20 View all charges
Deals & Funding of Bakeri Urban Development Private Limited
Bakeri Urban Development Private Limited has 7 deals on record (3 acquisitions, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹105 Cr; the latest was in March 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Acquisition | ₹20 Cr | Buyer: Bakeri Projects Private Limited |
| Aug 2016 | Debt financing | ₹30 Cr | Investors: 2 individuals |
| Mar 2016 | Acquisition | Undisclosed | Buyer: Bakeri Projects Private Limited Seller: Bakeri Engineering and Infrastructure Private Limited |
| Feb 2016 | Debt financing | ₹75 Cr | Investors: 3 individuals |
| Dec 2009 | Acquisition | Undisclosed | Buyer: Bakeri Engineering and Infrastructure Private Limited Seller: 2 individuals |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Bakeri Urban Development Private Limited
Bakeri Urban Development Private Limited has 9 court cases on record: 5 filed by Bakeri Urban Development, 1 filed against it, 3 where it is another party. 4 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 0 | 4 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| High Court of Gujarat | Special civil application | Company is another party | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
| High Court of Gujarat | Special civil application | Company is another party | Disposed |
| High Court of Gujarat | Court case (COMP) | Filed by the company | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Bakeri Urban Development Private Limited
Bakeri Urban Development operates one associated brand: Bakeri Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops residential flats, commercial spaces, and plotted developments in India. | bakeri.com |
Employees and EPFO Compliance at Bakeri Urban Development Private Limited
Bakeri Urban Development Private Limited has a workforce of 19 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Bakeri Urban Development Private Limited
Bakeri Urban Development has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bakeri Real Estate Private Limited | U45201GJ2010PTC062891 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Bakeri Urban Development Private Limited
Bakeri Urban Development Private Limited has 14 board changes on record since 2008: 3 appointments and 11 cessations. The latest: Hiteshi Rahul Bole was appointed as Director on 10 Jul 2024.
44 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Bakeri Urban Development Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bakeri Urban Development Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bakeri Urban Development Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bakeri Urban Development Private Limited
Bakeri Urban Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACH4674C1ZX | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bakeri Urban Development Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bakeri Urban Development Private Limited
Bakeri Urban Development is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 23 September 1996 (30+ years old) and is registered under CIN U70100GJ1996PTC030783.
Bakeri Urban Development reported revenue of ₹31.85 Cr for FY 2025 (up 87% YoY).
Bakeri Urban Development has 3 current directors:
- Asit Natvarlal Somani - Director
- Pavan Anil Bakeri - Director
- Hiteshi Rahul Bole - Director
Bakeri Urban Development reported a net profit of ₹3.42 Cr (net margin 10.7%) and EBITDA of ₹11.77 Cr (EBITDA margin 37%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bakeri Urban Development is -12% over three years and -13% over five years. In the latest year (FY 2025) revenue rose 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bakeri Urban Development is 24AAACH4674C1ZX, registered in Gujarat.
The CIN (Corporate Identification Number) of Bakeri Urban Development is U70100GJ1996PTC030783. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bakeri Urban Development has 9 court cases on record: 5 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
Bakeri Urban Development was incorporated on 23 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bakeri Urban Development has 7 deals on record (3 acquisitions, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹105 Cr; the latest was in March 2022.