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 and 2 filed against it; 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
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
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
Financials of Formist Realty Private Limited
FY 2024 filings availableFormist Realty Private Limited reported revenue of ₹17.66 Cr (up 77% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| 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
| Metrics | FY 2022-23 | FY 2018-19 to FY 2021-22in the company report |
|---|---|---|
| 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, and every line for FY 2018-19 to FY 2021-22, 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.
: available in the company report
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 |
Auditor Details
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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2025 | Others | ₹1.45 Cr | Open |
Total charge records: 1 View all charges
Legal Cases
Formist Realty Private Limited has 3 court cases on record: 1 filed by Formist Realty, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| High Court | Writ petition | Filed by the company against The State of Karnataka and 3 others | Disposed |
: available in 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.
Employees and EPFO Compliance
Formist Realty Private Limited has a workforce of 35 employees as of Apr 10, 2024.
: available in the company report
Recent Activity
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
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Formist Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF3939P1ZX | Karnataka | Active | 16 Jul 2018 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
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 has 4 current directors:
- Marie Mohan Raghavan - Director
- Amit Krishna Kulakarni - Director
- Anirban Sen - Director
- Mohan Raghavan - Director
The latest financial statements of Formist Realty 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 FY 2019 are in the company report.
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 and 2 filed against it. 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.
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.
The registered office of Formist Realty is at 20143 Yamuna’ Ranade Colony 1st Cross Hindwadi, Belgaum, Karnataka, India – 590011.
Formist Realty operates in the real estate and construction industry, in the real estate builders and developers segment.