About Brilliant Estates Limited
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Brilliant Estates Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U70101MP1991PLC006730. Its GSTIN is 23AAACB7115L1ZW (Madhya Pradesh).
The company has an authorised share capital of ₹20.39 Cr and a paid-up capital of ₹6.27 Cr. It was formerly known as Brilliant Estates Private Limited. It is led by directors including Dhruvraj Choudhary (Managing Director) and Sanjay Choudhary (Whole-Time Director).
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 8th Floor Brilliant Platina Plot No.8 Scheme No.78 Part – II, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2025, the company reported a revenue of ₹161.36 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹22.11 Cr (net margin 13.7%) and EBITDA of ₹100.09 Cr (EBITDA margin 62%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 28% over five years.
The company has about 197 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,013.3 Cr and satisfied charges of ₹1,077.63 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it; 2 cases are pending. The company has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹605.43 Cr; the latest was in September 2022. Its 4 peer companies in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 1 smaller; the largest is 315 Work Avenue Spaces Private Limited with revenue of ₹167.11 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 14 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brilliantestates.com.
Company details
CIN history
Brilliant Estates has one previous CIN (Corporate Identification Number): L70101MP1991PLC006730. The current CIN is U70101MP1991PLC006730, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101MP1991PLC006730 | Current |
| L70101MP1991PLC006730 | Previous |
Contact details
Brilliant Estates Limited's registered office is in Indore, Madhya Pradesh. Its website is brilliantestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8th Floor Brilliant Platina Plot No.8 Scheme No.78 Part – II, Indore, Madhya Pradesh, India – 452010
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Brilliant Estates 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 activities of Brilliant Estates are real estate, support service to organizations and accommodation and food service. 4 activity segments are registered with the MCA.
| 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 | |
| L | Real Estate | L2 | Real estate activities on fee or contract basis | |
| N | Support service to Organizations | N5 | Housekeeping & maintenance service | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Brilliant Estates Limited, buy the company report.
Financials of Brilliant Estates Limited
FY 2025 filings availableBrilliant Estates Limited reported revenue of ₹161.36 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 5% growth in the latest year. EBITDA rose 8% 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 | ₹100.09 Cr | ||||
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| Net Profit (PAT) | ₹22.11 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 | 62% | ||||
| Net Profit Margin | 13.7% | ||||
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To see the full financial statements and ratios of Brilliant Estates Limited, buy the company report.
Board of directors of Brilliant Estates Limited
Brilliant Estates has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruvraj Choudhary | Managing Director | 01 Jan 2007 | 19 Years 10 Months | Current |
| Dhanpal Jain | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Mahesh Satyanarayan Tiwari | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Sanjay Choudhary | Whole-Time Director | 01 Apr 1997 | 29 Years 7 Months | Current |
| Madhuri Choudhary | Whole-Time Director | 01 Apr 1996 | 30 Years 7 Months | Current |
Peer comparison
Brilliant Estates Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), 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 |
|---|---|---|---|---|---|---|
| 315 Work Avenue Spaces Private Limited | ₹167.11 Cr (FY 2025) | 25.0% | Bangalore, Karnataka, India | |||
| Prima Bay Private Limited | ₹164.55 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Wadhwa and Associates Realtors Private Limited | ₹164.05 Cr (FY 2019) | 48.0% | Mumbai, Maharashtra, India | |||
| Brilliant Estates Limitedthis company | ₹161.36 Cr (FY 2025) | ₹22.11 Cr | 13.7% | 5.0% | 197 | Indore, Madhya Pradesh, India |
| Gurgaon Infospace Limited | ₹159.75 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Brilliant Estates Limited, buy the company report.
Auditor
Brilliant Estates Limited is audited by Shreyans & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shreyans & Associates | FY 2023 | 029725C |
Shareholding
The shareholding of Brilliant Estates 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 Brilliant Estates Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2025 | 101112185 | Others | ₹167 Cr | Open | |
| 24 Nov 2023 | 100845336 | Others | ₹327 Cr | Open | |
| 21 Sep 2023 | 100792037 | State Bank of India | ₹50 Cr | Open | |
| 30 Aug 2022 | 100604113 | Others | ₹236 Cr | Open | |
| 30 Aug 2022 | 100604116 | Others | ₹76.08 Cr | Open |
To see the full charge records of Brilliant Estates Limited, buy the company report.
Total charge records: 56 View all charges
Deals & funding
Brilliant Estates Limited has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹605.43 Cr; the latest was in September 2022.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Secondary share transfer | Undisclosed | Seller: Brilliant Spaces Limited |
| Jul 2022 | Secondary share transfer | Undisclosed | Seller: Venktesh Softech Private Limited, Choudhary Builders Pvt Ltd |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Brilliant Spaces Limited , 2 individuals Seller: Brilliant Homes Private Limited , 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Pioneer Infraestates Private Limited , Brilliant Retail Private Limited , an individual Seller: Pioneer Infraestates Private Limited , Shri Venktesh Entertainment Private Limited |
| Mar 2018 | Funding round | ₹11.29 Cr | Investors: Brilliant Homes Private Limited , Choudhary Builders Pvt Ltd , Venktesh Softech Private Limited, an individual |
To see the full deal history of Brilliant Estates Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Brilliant Estates Limited has 8 court cases on record: 5 filed by Brilliant Estates, 3 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 1 |
| Supreme Court | 3 | 2 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed by the company against Smartworks Coworking Spaces Ltd. Through Director | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS A) | Filed by the company against Reliance Telecom Ltd. | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS A) | Filed against the company by individuals | Pending |
| Supreme Court | Court case (1303-Consumer Disputes and RERA : SLPs/Writ Petitions relating to the Real Estate (Regulation and Development) Act, 2016/disputes between builders and buyers – allotment, cancellation, fixation of price of flats/plots and return of deposits) | Filed by the company against The State of Madhya Pradesh Through Principal Secretary Vallabh Bhawan, Bhopal , District: Bhopal ,Bhopal , Madhya Pradesh and 2 others | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Indore Development Authority | Disposed |
To see the full case history of Brilliant Estates 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.
Credit ratings & regulatory alerts
Brilliant Estates Limited was last rated by Indiarating on 16 Aug 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 16 Aug 2023 |
To see the full credit ratings and regulatory alerts of Brilliant Estates Limited, buy the company report.
MSME payment delays
Brilliant Estates Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 14 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Inditron Electronics | |||
| Eagle Techsec Communications India Private Limited | |||
| Cool Corner |
To see the full MSME payment records of Brilliant Estates Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Brilliant Estates 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 |
|---|---|---|
| Brilliant Hotel and Infrastructures Private Limited | U55101MP1985PTC003001 |
To see the full group structure of Brilliant Estates Limited, buy the company report.
Employees & EPFO
Brilliant Estates Limited has a workforce of 197 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 197 |
| FY 2025-26 | |
| FY 2024-25 | |
| 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 Brilliant Estates Limited, buy the company report.
GST
Brilliant Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACB7115L1ZW | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Brilliant Estates Limited, buy the company report.
Recent activity
Brilliant Estates Limited has 13 board changes on record since 1996: 6 appointments and 7 cessations. The latest: Dhanpal Jain was appointed as Director on 01 Apr 2025.
126 earlier events are in the company report.
Frequently asked questions
Brilliant Estates is an active public limited company based in Indore, Madhya Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 October 1991 (35+ years old) and is registered under CIN U70101MP1991PLC006730.
Brilliant Estates has 5 current directors:
- Dhruvraj Choudhary - Managing Director
- Sanjay Choudhary - Whole-Time Director
- Madhuri Choudhary - Whole-Time Director
- Dhanpal Jain - Director
- Mahesh Satyanarayan Tiwari - Director
The latest financial statements of Brilliant Estates 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 2015 are in the company report.
The GSTIN of Brilliant Estates is 23AAACB7115L1ZW, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Brilliant Estates is U70101MP1991PLC006730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brilliant Estates has 8 court cases on record: 5 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Brilliant Estates was incorporated on 29 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Gwalior.
Brilliant Estates has 15 deals on record (10 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹605.43 Cr; the latest was in September 2022.
The peers of Brilliant Estates by revenue are 315 Work Avenue Spaces Private Limited, Prima Bay Private Limited, Wadhwa and Associates Realtors Private Limited, Gurgaon Infospace Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Dhanpal Jain was appointed as Director on 01 Apr 2025. Mahesh Satyanarayan Tiwari was appointed as Director on 01 Apr 2025. Mahesh Satyanarayan Tiwari ceased to be Director on 15 Mar 2025. Brilliant Estates has 13 board changes on record in total.
Brilliant Estates has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 14 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Brilliant Estates can be reached through the website brilliantestates.com. Its registered office is in Indore, Madhya Pradesh, India.
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