About Carol Info Services Limited
Data last updated:
Carol Info Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Khorakiwala Holdings And Investments Private Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 29 November 1979 and has been in existence for over 47 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1979PLC021942. Its GSTIN is 27AAACW1299E1Z9 (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹35.44 Cr. It is led by directors including Parag Arun Ashar and Stephen Sabbas Dsouza (Nodal Officer).
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 Wockhardt Towers Bandra Kurla Complex Bandra (East)., Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2023, the company reported a revenue of ₹150.18 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹44.23 Cr (net margin 29.5%) and EBITDA of ₹71.98 Cr (EBITDA margin 47.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 9% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,000 Cr and satisfied charges of ₹2,198 Cr on record. Court records list 37 cases involving the company, including 25 filed by the company and 12 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in August 2011. Its 3 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, 2 larger and 1 smaller; the largest is Nile Tech Limited with revenue of ₹97.87 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website carolinfoservices.com.
Company details
CIN history
Carol Info Services has one previous CIN (Corporate Identification Number): L74999MH1979PLC021942. The current CIN is U74999MH1979PLC021942, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH1979PLC021942 | Current |
| L74999MH1979PLC021942 | Previous |
Contact details
Carol Info Services Limited's registered office is in Mumbai, Maharashtra. Its website is carolinfoservices.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressWockhardt Towers Bandra Kurla Complex Bandra (East)., Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Carol Info Services 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 Carol Info Services 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 Carol Info Services Limited, buy the company report.
Financials of Carol Info Services Limited
FY 2025 filings availableCarol Info Services Limited reported revenue of ₹150.18 Cr (up 15% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 15% growth in the latest year. EBITDA fell 18% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹150.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹71.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.23 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.9% | ||||
| Net Profit Margin | 29.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Carol Info Services Limited, buy the company report.
Board of directors of Carol Info Services Limited
Carol Info Services has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Arun Ashar Also directs: Wockhardt Infrastructure Development Limited | Director | 05 Oct 2023 | 3 Years 0 Months | Current |
| Stephen Sabbas Dsouza Also directs: Merind Limited, Sharanya Chemicals and Pharmaceuticals Private Limited, Banneret Trading Private Limited and 2 more | Nodal Officer | 29 Jul 2022 | 4 Years 3 Months | Current |
| Sameera S Lala Also directs: Koshin Clinic LLP, Wockhardt Hospitals Limited | Director | 19 Mar 2025 | 1 Years 7 Months | Current |
| Shakeel Akhtar Shamsi | Additional Director | 26 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Carol Info Services Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Carol Info Services Limitedthis company | ₹150.18 Cr (FY 2023) | ₹44.23 Cr | 29.5% | 15.0% | Mumbai, Maharashtra, India | |
| Nile Tech Limited | ₹97.87 Cr (FY 2019) | 12.0% | Gurgaon, Haryana, India | |||
| Tidel Park Coimbatore Limited | ₹95.32 Cr (FY 2025) | 9.0% | Coimbatore, Tamil Nadu, India | |||
| Winwind Power Energy Private Limited | ₹93.07 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Carol Info Services Limited, buy the company report.
Auditor
Carol Info Services Limited is audited by HARIBHAKTI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARIBHAKTI & CO LLP | FY 2023 | 103523W/W100048 |
Shareholding
The shareholding of Carol Info Services Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Carol Info Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101187872 | Others | ₹550 Cr | Open | |
| 23 Oct 2023 | 100800926 | Others | ₹450 Cr | Open | |
| 27 Dec 2019 | 100310917 | Others | ₹424 Cr | Satisfied | |
| 21 Dec 2019 | 100309430 | Sbicap Trustee Company Limited | ₹424 Cr | Satisfied | |
| 25 Oct 2017 | 100132488 | Others | ₹300 Cr | Satisfied |
To see the full charge records of Carol Info Services Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Carol Info Services Limited has 1 deal on record (1 acquisition); the latest was in August 2011.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2011 | Acquisition | ₹1,572.87 Cr | Buyer: Danone SA Seller: Carol Info Services Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Carol Info Services Limited has 37 court cases on record: 25 filed by Carol Info Services, 12 filed against it. 1 case is pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 9 | 1 |
| NCLAT | 5 | 0 | 0 |
| District courts | 2 | 1 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMEX) | Filed against the company by Shinhan Bank the Law Point | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Shinhan Bank | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Shinhan Bank | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Shinhan Bank | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Rajeev Mannadiar (RP of Eurolife Healthcare Pvt. Ltd.) & Anr. and 1 other | Disposed |
To see the full case history of Carol Info Services 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
Carol Info Services Limited was last rated by Indiarating on 23 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 23 Aug 2021 |
To see the full credit ratings and regulatory alerts of Carol Info Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Carol Info Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Carol Info Services has 1 subsidiary company and 1 associated 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 |
|---|---|---|
| Banneret Trading Private Limited | U51900MH2008PTC181284 |
To see the full group structure of Carol Info Services Limited, buy the company report.
GST
Carol Info Services has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW1299E1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Carol Info Services Limited, buy the company report.
Recent activity
Carol Info Services Limited has 24 board changes on record since 2008: 4 appointments and 20 cessations. The latest: Shakeel Akhtar Shamsi was appointed as Additional Director on 26 Dec 2025.
38 earlier events are in the company report.
Frequently asked questions
Carol Info Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 29 November 1979 (47+ years old) and is registered under CIN U74999MH1979PLC021942.
Carol Info Services has 4 current directors:
- Parag Arun Ashar - Director
- Sameera S Lala - Director
- Shakeel Akhtar Shamsi - Additional Director
- Stephen Sabbas Dsouza - Nodal Officer
The latest financial statements of Carol Info Services 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 Carol Info Services is 27AAACW1299E1Z9, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Carol Info Services is U74999MH1979PLC021942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carol Info Services has 37 court cases on record: 25 filed by the company and 12 filed against it. 1 is pending. Most are in the high courts.
Carol Info Services was incorporated on 29 November 1979, making it 47+ years old. It is registered with the Registrar of Companies, Mumbai.
Carol Info Services has 1 deal on record (1 acquisition); the latest was in August 2011.
The peers of Carol Info Services by revenue are Nile Tech Limited, Tidel Park Coimbatore Limited, Winwind Power Energy Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Shakeel Akhtar Shamsi was appointed as Additional Director on 26 Dec 2025. Rachna Shakeel Shamsi ceased to be Additional Director on 30 Sep 2025. Sameera S Lala ceased to be Additional Director on 29 Sep 2025. Carol Info Services has 24 board changes on record in total.
Carol Info Services can be reached through the website carolinfoservices.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
