About Bhishma Realty Limited
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Bhishma Realty Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 December 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1996PLC104746. Its GSTIN is 27AAACB5995N1Z0 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹96,630. It was formerly known as Bhishma Trading Private Limited. It is led by directors including Tanya Raoul Thackersey (Managing Director) and Raoul Sudhir Thackersey (Managing Director).
Its last annual general meeting (AGM) was held on 25 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sir Vithaldas Chambers 16 – Mumbai Samachar Marg, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹910.94 Cr, a growth of 88% compared to the previous year. For the same year it recorded a net profit of ₹359.72 Cr (net margin 39.5%) and EBITDA of ₹465.99 Cr (EBITDA margin 51.2%). Revenue has grown at a compounded annual rate (CAGR) of 372% over three years and 144% over five years.
As per MCA filings, the company has open charges of ₹730 Cr and satisfied charges of ₹2,398.94 Cr on record. Court records list 74 cases involving the company, including 10 filed by the company and 64 filed against it; 32 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhishmarealty.com.
Company details
CIN history
Bhishma Realty has one previous CIN (Corporate Identification Number): U51900MH1996PTC104746. The current CIN is U51900MH1996PLC104746, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51900MH1996PLC104746 | Current |
| U51900MH1996PTC104746 | Previous |
Contact details
Bhishma Realty Limited's registered office is in Mumbai, Maharashtra. Its website is bhishmarealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSir Vithaldas Chambers 16 – Mumbai Samachar Marg, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Bhishma Realty 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 Bhishma Realty is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Bhishma Realty Limited, buy the company report.
Financials of Bhishma Realty Limited
FY 2024 filings availableBhishma Realty Limited reported revenue of ₹910.94 Cr (up 88% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 144% over five years, including 88% growth in the latest year. EBITDA rose 75% 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 | ₹465.99 Cr | ||||
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| Net Profit (PAT) | ₹359.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.2% | ||||
| Net Profit Margin | 39.5% | ||||
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To see the full financial statements and ratios of Bhishma Realty Limited, buy the company report.
Board of directors and KMP of Bhishma Realty Limited
Bhishma Realty Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tanya Raoul Thackersey Also directs: Fancy Nets Private Limited, Cosmos Estate Private Limited, Capricon Realty Private Limited and 5 more | Managing Director | 08 Aug 2022 | 4 Years 2 Months | Current |
| Surendra Kabra | Cfo | 25 Nov 2024 | 1 Years 11 Months | Current |
| Vishwadhara Vishwajit Dahanukar Also directs: Capricon Realty Private Limited, Substantia Realty Developers LLP, Substantia Capital Services LLP and 1 more | Director | 01 May 2023 | 3 Years 5 Months | Current |
| Ambrish Dhairyakant Gandhi | Director | 01 May 2023 | 3 Years 5 Months | Current |
| Raoul Sudhir Thackersey Also directs: Parnakuti and Allied Estate Development Corporation LLP, Fancy Nets Private Limited, Cosmos Estate Private Limited and 5 more | Managing Director | 08 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Bhishma Realty 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 (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P S Group Realty Private Limited | ₹948.39 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Pyramid Infratech Private Limited | ₹940.97 Cr (FY 2025) | 348.0% | Gurgaon, Haryana, India | |||
| Bhishma Realty Limitedthis company | ₹910.94 Cr (FY 2025) | ₹359.72 Cr | 39.5% | 88.0% | Mumbai, Maharashtra, India | |
| Adhikaansh Realtors Private Limited | ₹898.87 Cr (FY 2025) | 13089.0% | Gurugram, Haryana, India |
To see the full peer comparison of Bhishma Realty Limited, buy the company report.
Auditor
Bhishma Realty Limited is audited by ZADN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ZADN & ASSOCIATES | FY 2023 | 112306W |
Shareholding
The shareholding of Bhishma Realty Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhishma Realty Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2024 | 100844582 | Others | ₹225 Cr | Satisfied | |
| 04 Jan 2024 | 100844578 | Others | ₹505 Cr | Satisfied | |
| 15 Jun 2022 | 100587363 | Others | ₹300 Cr | Satisfied | |
| 12 Jan 2022 | 100533079 | Others | ₹125 Cr | Satisfied | |
| 04 Dec 2018 | 100232532 | Others | ₹250 Cr | Satisfied |
To see the full charge records of Bhishma Realty Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Bhishma Realty Limited has 74 court cases on record: 10 filed by Bhishma Realty, 64 filed against it. 32 cases are pending and 42 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 45 | 25 |
| District courts | 20 | 17 | 5 |
| NCLAT | 2 | 2 | 2 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Real Gem Buildtech Private Limited | Pending |
| Bombay High Court | Appeal | Filed against the company by R.C. Realtors Pvt. Ltd. | Pending |
| Bombay High Court | Appeal | Filed against the company by Real Gem Build Tech Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by R.C.Realtors Pvt.Ltd. | Pending |
| Bombay High Court | Appeal | Filed against the company by Manama Impex Pvt. Ltd. Through Its Director Priya Todi | Pending |
To see the full case history of Bhishma Realty 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 Bhishma Realty Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bhishma Realty has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Bhishma Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB5995N1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhishma Realty Limited, buy the company report.
Recent activity
Bhishma Realty Limited has 15 board changes on record since 2004: 5 appointments and 10 cessations. The latest: Sudhir Krishnaraj Thackersey ceased to be Director on 29 Sep 2025.
32 earlier events are in the company report.
Frequently asked questions
Bhishma Realty is an active public 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 27 December 1996 (30+ years old) and is registered under CIN U51900MH1996PLC104746.
Bhishma Realty has 5 current directors and KMP:
- Tanya Raoul Thackersey - Managing Director
- Raoul Sudhir Thackersey - Managing Director
- Vishwadhara Vishwajit Dahanukar - Director
- Ambrish Dhairyakant Gandhi - Director
- Surendra Kabra - Cfo
The latest financial statements of Bhishma Realty on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhishma Realty is 27AAACB5995N1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bhishma Realty is U51900MH1996PLC104746. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhishma Realty has 74 court cases on record: 10 filed by the company and 64 filed against it. 32 are pending. Most are in the high courts.
Bhishma Realty was incorporated on 27 December 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bhishma Realty by revenue are P S Group Realty Private Limited, Pyramid Infratech Private Limited, Adhikaansh Realtors Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Sudhir Krishnaraj Thackersey ceased to be Director on 29 Sep 2025. Surendra Kabra was appointed as CFO on 25 Nov 2024. Ambrish Dhairyakant Gandhi ceased to be Additional Director on 11 Sep 2023. Bhishma Realty has 15 board changes on record in total.
Bhishma Realty can be reached through the website bhishmarealty.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Bhishma Realty is at Sir Vithaldas Chambers 16 – Mumbai Samachar Marg, Maharashtra, India – 400001.