Elan Avenue Limited
About Elan Avenue Limited
Data last updated:
Elan Avenue Limited is a public limited company based in Gurugram, Haryana, India, a subsidiary of Elan Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400HR2007PLC104996. Its GSTIN is 06AAGCA5601G1Z3 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹79.15 Cr and a paid-up capital of ₹55.1 Cr. It was formerly known as Airmid Developers Limited. It is led by directors including Akash Kapoor (Managing Director) and Gaurav Khandelwal.
Its last annual general meeting (AGM) was held on 30 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 15th Floor Two Horizon Centre DLF Phase V Sector 43 Golf Course Road, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹54.93 Cr (net margin 46.4%) and EBITDA of ₹73.56 Cr (EBITDA margin 62.1%). Revenue has grown at a compounded annual rate (CAGR) of 355% over three years.
As per MCA filings, the company has open charges of ₹1,211.5 Cr and satisfied charges of ₹6,900.1 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 5 cases are pending. The company has 3 deals on record (1 debt financing, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹404.92 Cr; the latest was in December 2022.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Elan Avenue has one previous CIN (Corporate Identification Number): U45400DL2007PLC169086. The current CIN is U45400HR2007PLC104996, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400HR2007PLC104996 | Current |
| U45400DL2007PLC169086 | Previous |
Contact details
Elan Avenue Limited's registered office is in Gurugram, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address15th Floor Two Horizon Centre DLF Phase V Sector 43 Golf Course Road, Gurugram, Haryana, India – 122002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Elan Avenue 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 Elan Avenue is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Elan Avenue Limited, buy the company report.
Financials of Elan Avenue Limited
FY 2025 filings availableElan Avenue Limited reported revenue of ₹118.39 Cr (up 278% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 355% over three years, including 278% growth in the latest year. EBITDA rose 184% 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 | ₹73.56 Cr | ||||
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| Net Profit (PAT) | ₹54.93 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 | 62.1% | ||||
| Net Profit Margin | 46.4% | ||||
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To see the full financial statements and ratios of Elan Avenue Limited, buy the company report.
Board of directors of Elan Avenue Limited
Elan Avenue has 3 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Khandelwal Also directs: Elan Imperial Private Limited, Elan Hotels Private Limited, Elan Malls Private Limited and 5 more | Director | 25 Aug 2022 | 4 Years 2 Months | Current |
| Ravish Kapoor | Director | 25 Aug 2022 | 4 Years 2 Months | Current |
| Akash Kapoor | Managing Director | 25 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Elan Avenue Limited is audited by APRA & ASSOCIATES LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| APRA & ASSOCIATES LLP | FY 2024 | 011078N/N500064 |
Shareholding
The shareholding of Elan Avenue 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 Elan Avenue Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2025 | 101130261 | Others | ₹4 Cr | Open | |
| 21 Mar 2025 | 101100004 | Hdfc Bank Limited | ₹7.5 Cr | Open | |
| 21 Sep 2024 | 100985988 | Idbi Trusteeship Services Limited | ₹1,200 Cr | Open | |
| 21 Sep 2024 | 100985327 | Idbi Trusteeship Services Limited | ₹1,200 Cr | Satisfied | |
| 18 Jul 2023 | 100755782 | Hdfc Bank Limited | ₹9.9 Lakh | Satisfied |
To see the full charge records of Elan Avenue Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Elan Avenue Limited has 3 deals on record (1 debt financing, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹404.92 Cr; the latest was in December 2022.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2013 | Secondary share transfer | Undisclosed | Seller: Farallon Capital Management |
| Mar 2008 | Funding round | ₹179.92 Cr | Investors: Farallon Capital Management |
To see the full deal history of Elan Avenue 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
Elan Avenue Limited has 9 court cases on record: 3 filed by Elan Avenue, 6 filed against it. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 3 |
| High courts | 4 | 3 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against individuals | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Elan Avenue 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
Elan Avenue Limited was last rated by Care on 11 Nov 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Nov 2022 |
To see the full credit ratings and regulatory alerts of Elan Avenue Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Elan Avenue Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Elan Avenue has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCA5601G1Z3 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Elan Avenue Limited, buy the company report.
Recent activity
Elan Avenue Limited has 25 board changes on record since 2009: 4 appointments and 21 cessations. The latest: Sandeep Agarwal was appointed as CFO on 01 Nov 2022.
42 earlier events are in the company report.
Frequently asked questions
Elan Avenue is an active public limited company based in Gurugram, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 October 2007 (19+ years old) and is registered under CIN U45400HR2007PLC104996.
Elan Avenue has 3 current directors:
- Akash Kapoor - Managing Director
- Gaurav Khandelwal - Director
- Ravish Kapoor - Director
The latest financial statements of Elan Avenue on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Elan Avenue is 06AAGCA5601G1Z3, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Elan Avenue is U45400HR2007PLC104996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elan Avenue has 9 court cases on record: 3 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Elan Avenue was incorporated on 08 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Elan Avenue has 3 deals on record (1 debt financing, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹404.92 Cr; the latest was in December 2022.
Sandeep Agarwal was appointed as CFO on 01 Nov 2022. Akash Kapoor ceased to be Director on 28 Sep 2022. Gaurav Khandelwal ceased to be Additional Director on 28 Sep 2022. Elan Avenue has 25 board changes on record in total.
The registered office of Elan Avenue is at 15th Floor Two Horizon Centre DLF Phase V Sector 43 Golf Course Road, Gurugram, Haryana, India – 122002.
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