About Fine Estates Private Limited
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Fine Estates Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 December 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1989PTC054543. Its GSTIN is 27AAACF2738F1ZU (Maharashtra).
The company has an authorised share capital of ₹50.72 Cr and a paid-up capital of ₹50.71 Cr. It was formerly known as Fine Estates Consultants Private Limited. It is led by directors including Vijay Kundanmal Choraria and Jitesh Prabodh Diwan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹233.36 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹99.87 Cr (net margin 42.8%) and EBITDA of ₹163.46 Cr (EBITDA margin 70%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years.
Its group structure includes 18 subsidiaries.
The company is associated with 1 brand: Crest Ventures. As per MCA filings, the company has open charges of ₹39.59 Cr and satisfied charges of ₹78.74 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹39.23 Cr; the latest was in February 2024. Its 3 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 2 smaller; the largest is Sternal Buildcon Limited with revenue of ₹233.79 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 crest.co.in.
Company details
Contact details
Fine Estates Private Limited's registered office is in Mumbai, Maharashtra. Its website is crest.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address111 Maker Chambers IV, 11th Floor Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Fine Estates 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
Brands
Fine Estates operates one associated brand: Crest Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate finance services are provided to various clients. | crest.co.in |
Business activity
The main business activity of Fine Estates 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 Fine Estates Private Limited, buy the company report.
Financials of Fine Estates Private Limited
FY 2024 filings availableFine Estates Private Limited reported revenue of ₹233.36 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over three years, including 8% growth in the latest year. EBITDA rose 5% 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 | ₹163.46 Cr | ||||
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| Net Profit (PAT) | ₹99.87 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 70% | ||||
| Net Profit Margin | 42.8% | ||||
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To see the full financial statements and ratios of Fine Estates Private Limited, buy the company report.
Board of directors of Fine Estates Private Limited
Fine Estates has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kundanmal Choraria Also directs: Westview Digi Reality LLP, Crest Ventures Limited, Parkvista Realty Limited and 2 more | Director | 23 Jul 1993 | 33 Years 3 Months | Current |
| Jitesh Prabodh Diwan Also directs: Parkvista Realty Limited, Alpha Asset Advisors LLP, Associated Luggage Company Private Limited and 5 more | Director | 21 Dec 2017 | 8 Years 10 Months | Current |
| Mirza Saeed Kazi | Director | 01 May 2025 | 1 Years 6 Months | Current |
Peer comparison
Fine Estates Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sternal Buildcon Limited | ₹233.79 Cr (FY 2025) | 1801.0% | New Delhi, Delhi, India | |||
| Fine Estates Private Limitedthis company | ₹233.36 Cr (FY 2025) | ₹99.87 Cr | 42.8% | 8.0% | Mumbai, Maharashtra, India | |
| Indiabuild Real Estates Private Limited | ₹233.09 Cr (FY 2024) | 178.0% | Bangalore, Karnataka, India | |||
| Tdi Infratech Limited | ₹232.52 Cr (FY 2023) | 1.0% | Delhi, India |
To see the full peer comparison of Fine Estates Private Limited, buy the company report.
Auditor
Fine Estates Private Limited is audited by Maheshwari & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maheshwari & Co. | FY 2023 | 105834W |
Shareholding
The shareholding of Fine Estates 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 Fine Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Oct 2025 | 101185964 | Yes Bank Limited | ₹4.75 Cr | Open | |
| 07 Mar 2023 | 100686841 | Others | ₹2.01 Cr | Open | |
| 07 Mar 2023 | 100686789 | Others | ₹1.85 Cr | Open | |
| 28 Jan 2022 | 100533401 | Others | ₹4 Cr | Open | |
| 01 Mar 2016 | 10625371 | Others | ₹26.98 Cr | Open |
To see the full charge records of Fine Estates Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Fine Estates Private Limited has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹39.23 Cr; the latest was in February 2024.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2019 | Funding round | ₹9.13 Cr | Investors: 2 individuals |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Fine Estates 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
Fine Estates Private Limited has 4 court cases on record: 2 filed by Fine Estates, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Court case (CRLP) | Filed by the company against The State of Telangana and 1 other | Pending |
| High Court for State of Telangana | Court case (CRLP) | Filed by the company against The State of Telangana, | Pending |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Mahendra Investment Advisor Pvt Ltd | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax 2 | Disposed |
To see the full case history of Fine Estates 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 Fine Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Fine Estates has 18 subsidiary companies and 7 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Crest Ventures Limited | L99999MH1982PLC102697 | |
| Mane Green Private Limited | U23209MH2022PTC388577 | |
| HJB Developers & Builders Private Limited | U45200MH2007PTC170272 | |
| Allium Shelters Private Limited | U45202MH2010PTC206865 | |
| Escort Developers Private Limited | U45400MH2007PTC171778 | |
| Crest Prime Limited | U55101TN2021PLC146476 |
To see the full group structure of Fine Estates Private Limited, buy the company report.
GST
Fine Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF2738F1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fine Estates Private Limited, buy the company report.
Recent activity
Fine Estates Private Limited has 13 board changes on record since 1993: 8 appointments and 5 cessations. The latest: Mirza Saeed Kazi was appointed as Director on 01 May 2025.
31 earlier events are in the company report.
News
Frequently asked questions
Fine Estates 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 07 December 1989 (37+ years old) and is registered under CIN U70100MH1989PTC054543.
Fine Estates has 3 current directors:
- Vijay Kundanmal Choraria - Director
- Jitesh Prabodh Diwan - Director
- Mirza Saeed Kazi - Director
The latest financial statements of Fine Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Fine Estates is 27AAACF2738F1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fine Estates is U70100MH1989PTC054543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fine Estates has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Fine Estates was incorporated on 07 December 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Fine Estates has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹39.23 Cr; the latest was in February 2024.
The peers of Fine Estates by revenue are Sternal Buildcon Limited, Indiabuild Real Estates Private Limited, Tdi Infratech Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Mirza Saeed Kazi was appointed as Director on 01 May 2025. Mukesh Jagat Jethwani ceased to be Director on 25 Jan 2019. Namita Bapna ceased to be Company Secretary on 06 Sep 2018. Fine Estates has 13 board changes on record in total.
Fine Estates can be reached through the website crest.co.in. Its registered office is in Mumbai, Maharashtra, India.
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