About Earnest Towers Private Limited
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Earnest Towers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Embassy Office Parks Reit. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2007PTC302758. Its GSTIN is 27AABCE8612N2ZB (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹700 Cr and a paid-up capital of ₹154.63 Cr. It is led by directors including Abhishek Agrawal and Vinitha Menon.
Its last annual general meeting (AGM) was held on 27 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plotno.C – 54&C – 55 Gblock Bandrakurlacomplex Bandraeast, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹140.82 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹72 Cr (net margin 51.1%) and EBITDA of ₹120.3 Cr (EBITDA margin 85.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,050 Cr and satisfied charges of ₹5,666.43 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,139.26 Cr; the latest was in March 2019. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 3 smaller; the largest is Ibrox Real Estate Development Private Limited with revenue of ₹141.45 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fifc.co.in.
Company details
CIN history
Earnest Towers has one previous CIN (Corporate Identification Number): U70101WB2007PTC118509. The current CIN is U70101MH2007PTC302758, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101MH2007PTC302758 | Current |
| U70101WB2007PTC118509 | Previous |
Contact details
Earnest Towers Private Limited's registered office is in Mumbai, Maharashtra. Its website is fifc.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlotno.C – 54&C – 55 Gblock Bandrakurlacomplex Bandraeast, Mumbai, Maharashtra, India – 400098
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Earnest Towers Private 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 Earnest Towers 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 Earnest Towers Private Limited, buy the company report.
Financials of Earnest Towers Private Limited
FY 2025 filings availableEarnest Towers Private Limited reported revenue of ₹140.82 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 9% growth in the latest year. EBITDA rose 7% 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 | ₹120.3 Cr | ||||
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| Net Profit (PAT) | ₹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 | 85.4% | ||||
| Net Profit Margin | 51.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Earnest Towers Private Limited, buy the company report.
Board of directors of Earnest Towers Private Limited
Earnest Towers has 4 current directors and 45 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhishek Agrawal | Nominee Director | 06 Nov 2020 | 5 Years 11 Months | Current |
| Vinitha Menon | Nominee Director | 13 Mar 2023 | 3 Years 7 Months | Current |
| Amit Anil Kharche | Nominee Director | 05 Nov 2025 | 0 Years 11 Months | Current |
| Abraham Koshy | Nominee Director | 05 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Earnest Towers Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Ibrox Real Estate Development Private Limited | ₹141.45 Cr (FY 2025) | -33.0% | Bangalore, Karnataka, India | |||
| Earnest Towers Private Limitedthis company | ₹140.82 Cr (FY 2025) | ₹72 Cr | 51.1% | 9.0% | 3 | Mumbai, Maharashtra, India |
| V.G.N.Homes Private Limited | ₹140.29 Cr (FY 2023) | -20.0% | Chennai, Tamil Nadu, India | |||
| Arihant Infrra Realtors Private Limited | ₹140.11 Cr (FY 2025) | 507.0% | Delhi, India | |||
| Ekana Sportz City Private Limited | ₹139.65 Cr (FY 2024) | 138.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Earnest Towers Private Limited, buy the company report.
Auditor
Earnest Towers Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Earnest Towers Private 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 Earnest Towers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2023 | 100816952 | Others | ₹1,050 Cr | Satisfied | |
| 11 Jun 2019 | 100278968 | Others | ₹3,650 Cr | Satisfied | |
| 07 Dec 2017 | 100139978 | Others | ₹85 Cr | Satisfied | |
| 14 Mar 2016 | 100017425 | Others | ₹135 Cr | Satisfied | |
| 20 Dec 2013 | 10466767 | Housing Development Finance Corporation Limited | ₹86 Cr | Satisfied |
To see the full charge records of Earnest Towers Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Earnest Towers Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,139.26 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Premsagar Infra Realty Private Limited , India Alternate Property Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Hiranandani Properties Private Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Premsagar Infra Realty Private Limited Seller: Shinano Retail Private Limited , Bengal Intelligent Parks Private Limited , TCG Urban Infrastructure Holdings Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Shinano Retail Private Limited Seller: Sharanya Trading Private Limited |
| Oct 2012 | Secondary share transfer | Undisclosed | Seller: India Alternate Property Limited, Hiranandani Properties Private Limited , Sharanya Trading Private Limited |
To see the full deal history of Earnest Towers Private 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
Earnest Towers Private Limited has 2 court cases on record: 1 filed by Earnest Towers, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Company petition | Filed by the company | Disposed |
| High Court | Court case (ITAT) | Filed against the company by Commissioner of Income Tax (T.D.S.) , Kolkata ,Kolkata | Disposed |
To see the full case history of Earnest Towers Private 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
Earnest Towers Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Earnest Towers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Earnest Towers Private Limited has a workforce of 3 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Earnest Towers has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE8612N2ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Earnest Towers Private Limited, buy the company report.
Recent activity
Earnest Towers Private Limited has 46 board changes on record since 2008: 4 appointments and 42 cessations. The latest: Abraham Koshy was appointed as Nominee Director on 05 Nov 2025.
53 earlier events are in the company report.
Frequently asked questions
Earnest Towers is an active private 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 12 September 2007 (19+ years old) and is registered under CIN U70101MH2007PTC302758.
Earnest Towers has 4 current directors:
- Abhishek Agrawal - Nominee Director
- Vinitha Menon - Nominee Director
- Amit Anil Kharche - Nominee Director
- Abraham Koshy - Nominee Director
The latest financial statements of Earnest Towers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Earnest Towers is 27AABCE8612N2ZB, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Earnest Towers is U70101MH2007PTC302758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Earnest Towers has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Earnest Towers was incorporated on 12 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Earnest Towers has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,139.26 Cr; the latest was in March 2019.
The peers of Earnest Towers by revenue are Ibrox Real Estate Development Private Limited, V.G.N.Homes Private Limited, Arihant Infrra Realtors Private Limited, Ekana Sportz City 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).
Abraham Koshy was appointed as Nominee Director on 05 Nov 2025. Amit Anil Kharche was appointed as Nominee Director on 05 Nov 2025. Rishad Naval Pandole ceased to be Nominee Director on 05 Nov 2025. Earnest Towers has 46 board changes on record in total.
Earnest Towers has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 17 Nov 2019.
Earnest Towers can be reached through the website fifc.co.in. Its registered office is in Mumbai, Maharashtra, India.
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