Formist Realty Private Limited
About Formist Realty Private Limited
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Formist Realty Private Limited is a private limited company based in Belgaum, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45400KA2018PTC112945. Its GSTIN is 29AADCF3939P1ZX (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.15 Cr. It is led by directors including Marie Mohan Raghavan and Amit Krishna Kulakarni.
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 201/43 Yamuna’ Ranade Colony 1st Cross Hindwadi, Belgaum, Karnataka, India – 590011.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.66 Cr, a growth of 77% compared to the previous year. For the same year it recorded a net profit of ₹45.18 Lakh (net margin 2.6%) and EBITDA of ₹1.69 Cr (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 164% over three years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: The Formist Group. As per MCA filings, the company has open charges of ₹1.45 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company; 2 cases are pending.
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- Registered Address201/43 Yamuna’ Ranade Colony 1st Cross Hindwadi, Belgaum, Karnataka, India – 590011
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Associated Brands with Formist Realty Private Limited
Formist Realty operates one associated brand: The Formist Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development focusing on innovative design, sustainability, and rental management services. | theformistgroup.com |
Business Activity of Formist Realty Private Limited
The main business activity of Formist Realty is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Formist Realty Private Limited FY 2024 filings available
Formist Realty Private Limited reported revenue of ₹17.66 Cr (up 77% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Formist Realty Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 164% over three years, including 77% growth in the latest year. EBITDA fell 29% 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 of Formist Realty Private Limited
| 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 | ₹17.66 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹45.18 Lakh | •••• | •••• | •••• | •••• |
| 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 of Formist Realty Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Formist Realty are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Formist Realty Private Limited
Formist Realty has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Marie Mohan Raghavan | Director | 08 May 2018 | 8 Years 5 Months | Current |
| Amit Krishna Kulakarni Also directs: Byatarayanapura Infra LLP, Flyway Homes Private Limited, Thathaguni Homes Private Limited and 1 more | Director | 24 Jun 2019 | 7 Years 3 Months | Current |
| Anirban Sen | Director | 15 Dec 2020 | 5 Years 10 Months | Current |
| Mohan Raghavan | Director | 15 Dec 2020 | 5 Years 10 Months | Current |
Peer Comparison of Formist Realty Private Limited
Formist Realty Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KPM Design Services Private Limited | ₹17.7 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| M V Buildcon Private Limited | ₹17.7 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | New Delhi, Delhi, India |
| Mantri Homes Private Limited | ₹17.69 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Bhawna Housing Private Limited | ₹17.68 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Delhi, India |
| Avg Realtors Private Limited | ₹17.66 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Formist Realty Private Limited this company | ₹17.66 Cr (FY 2023) | •••• | •••• | 77.0% | •••• | Belgaum, Karnataka, India |
| Atherol Builders & Developers Private Limited | ₹17.65 Cr (FY 2025) | •••• | •••• | 715.0% | •••• | Gurugram, Haryana, India |
| Jindalsons Infratex Private Limited | ₹17.65 Cr (FY 2024) | •••• | •••• | 109.0% | •••• | New Delhi, Delhi, India |
| Bolddec Technologies Private Limited | ₹17.65 Cr (FY 2019) | •••• | •••• | 39119.0% | •••• | New Delhi, Delhi, India |
| Omega Premises Private Limited | ₹17.65 Cr (FY 2024) | •••• | •••• | 74.0% | •••• | Pune, Maharashtra, India |
| Brindavan Builders Private Limited | ₹17.64 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Formist Realty by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Formist Realty Private Limited
Formist Realty Private Limited is audited by SAMIR C. ANAVEKAR & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAMIR C. ANAVEKAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Formist Realty Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Formist Realty Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2025 | Others | ₹1.45 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Formist Realty Private Limited
Formist Realty Private Limited has 3 court cases on record: 1 filed by Formist Realty, 2 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Company is another party | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Formist Realty Private Limited
Formist Realty Private Limited has a workforce of 35 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Formist Realty Private Limited
Formist Realty Private Limited has 7 board changes on record since 2018: 4 appointments and 3 cessations. The latest: Praveen Sharad Bavadekar ceased to be Director on 14 Jul 2022.
Credit Ratings, Litigation & Regulatory Alerts for Formist Realty Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Formist Realty Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Formist Realty Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Formist Realty Private Limited
Formist Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF3939P1ZX | Karnataka | Active | 16 Jul 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Formist Realty Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Formist Realty Private Limited
Frequently Asked Questions about Formist Realty Private Limited
Formist Realty is an active private limited company based in Belgaum, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 May 2018 (8+ years old) and is registered under CIN U45400KA2018PTC112945.
Formist Realty reported revenue of ₹17.66 Cr for FY 2023 (up 77% YoY).
Formist Realty has 4 current directors:
- Marie Mohan Raghavan - Director
- Amit Krishna Kulakarni - Director
- Anirban Sen - Director
- Mohan Raghavan - Director
Formist Realty reported a net profit of ₹45.18 Lakh (net margin 2.6%) and EBITDA of ₹1.69 Cr (EBITDA margin 9.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Formist Realty is 164% over three years. In the latest year (FY 2023) revenue rose 77%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Formist Realty is 29AADCF3939P1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Formist Realty is U45400KA2018PTC112945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formist Realty has 3 court cases on record: 1 filed by the company. 2 are pending. Most are in the district courts.
Formist Realty was incorporated on 08 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Formist Realty by revenue are KPM Design Services Private Limited, M V Buildcon Private Limited, Mantri Homes Private Limited, Bhawna Housing Private Limited, Avg Realtors Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Praveen Sharad Bavadekar ceased to be Director on 14 Jul 2022. Anirban Sen was appointed as Director on 15 Dec 2020. Mohan Raghavan was appointed as Director on 15 Dec 2020. Formist Realty has 7 board changes on record in total.