Ethics Nirmaan Private Limited
About Ethics Nirmaan Private Limited
Data last updated:
Ethics Nirmaan Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 20 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45309WB2005PTC104282. Its GSTIN is 19AABCE4909Q1Z3 (West Bengal).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Abhinay Todi and Preeti Shah.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.01 Lakh, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹55.94 Lakh (net margin -465.7%) and EBITDA of -₹53.57 Lakh (EBITDA margin -446%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
As per MCA filings, the company has satisfied charges of ₹2 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ethics Nirmaan Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address19, R.N. Mukherjee Road, Kolkata, West Bengal, India – 700001
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Ethics Nirmaan 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 Ethics Nirmaan is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Ethics Nirmaan Private Limited, buy the company report.
Financials of Ethics Nirmaan Private Limited
FY 2025 filings availableEthics Nirmaan Private Limited reported revenue of ₹12.01 Lakh (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. 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 | -₹53.57 Lakh | ||||
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| Net Profit (PAT) | -₹55.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -446% | ||||
| Net Profit Margin | -465.7% | ||||
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To see the full financial statements and ratios of Ethics Nirmaan Private Limited, buy the company report.
Board of directors of Ethics Nirmaan Private Limited
Ethics Nirmaan has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhinay Todi | Director | 19 Oct 2020 | 6 Years 0 Months | Current |
| Preeti Shah | Director | 14 May 2007 | 19 Years 5 Months | Current |
| Varun Shah | Director | 24 Jun 2019 | 7 Years 4 Months | Current |
| Neha Shah | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
| Anurag Shah | Director | 11 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Ethics Nirmaan Private Limited is audited by AGARWAL VISHWANATH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL VISHWANATH & ASSOCIATES | FY 2021 | 323024E |
Shareholding
The shareholding of Ethics Nirmaan Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Ethics Nirmaan Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2017 | 100184637 | Axis Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Ethics Nirmaan Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ethics Nirmaan Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed against the company by Ethics Commercial Ltd. | Disposed |
To see the full case history of Ethics Nirmaan 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
No delayed payments to MSME suppliers are on our record for Ethics Nirmaan Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ethics Nirmaan has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCE4909Q1Z3 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethics Nirmaan Private Limited, buy the company report.
Recent activity
Ethics Nirmaan Private Limited has 27 board changes on record since 2005: 16 appointments and 11 cessations. The latest: Anand Rungta ceased to be Director on 24 Mar 2025.
20 earlier events are in the company report.
Frequently asked questions
Ethics Nirmaan is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 20 July 2005 (21+ years old) and is registered under CIN U45309WB2005PTC104282.
Ethics Nirmaan has 5 current directors:
- Abhinay Todi - Director
- Preeti Shah - Director
- Varun Shah - Director
- Neha Shah - Director
- Anurag Shah - Director
The latest financial statements of Ethics Nirmaan 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 Ethics Nirmaan is 19AABCE4909Q1Z3, registered in West Bengal.
The CIN (Corporate Identification Number) of Ethics Nirmaan is U45309WB2005PTC104282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethics Nirmaan has 1 court case on record: 1 filed against it.
Ethics Nirmaan was incorporated on 20 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.
Anand Rungta ceased to be Director on 24 Mar 2025. Kavita Shah ceased to be Additional Director on 24 Mar 2025. Narottam Mundhra ceased to be Additional Director on 24 Mar 2025. Ethics Nirmaan has 27 board changes on record in total.
The registered office of Ethics Nirmaan is at 19, R.N. Mukherjee Road, Kolkata, West Bengal, India – 700001.
Ethics Nirmaan operates in the financial services industry, in the real estate financing segment.