India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #974 Shekhar Govindbhai Patel ₹2,900 Cr
- #994 Dipakkumar Govindbhai Patel ₹2,800 Cr
Gatil Properties Private Limited
Gatil Properties Private Limited - real estate and construction in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Active Private Limited Company real estate and construction
Revenue · FY 2025
₹284.84 Cr
▲ 3% YoY
Net profit · FY 2025
₹203.75 Cr
Net margin 71.5%
EBITDA · FY 2025
₹272.37 Cr
EBITDA margin 95.6%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹12.96 Cr
Issued & subscribed
Open charges
₹155.95 Cr
Satisfied ₹427 Cr
Company age
24 yrs
Est. 2002
Directors on board
5
As per MCA filings
About Gatil Properties Private Limited
Data last updated:
Gatil Properties Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ganesh Housing Corporation Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 October 2002 and has been in existence for over 24 years.
Its director Shekhar Govindbhai Patel is #974 among India's richest people (2026). Its director Dipakkumar Govindbhai Patel is #994 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2002PTC041354. Its GSTIN is 24AABCG7465K1ZD (Gujarat).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹12.96 Cr. It is led by directors including Shekhar Govindbhai Patel (Managing Director) and Palak Manan Pancholi.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ganesh Corporate House 100 Feet Hebatpur – Thaltej Road Near Sola Bridge Off S.G. Highway, Ahmedabad, Gujarat, India – 380054.
As per the financials filed for FY 2025, the company reported a revenue of ₹284.84 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹203.75 Cr (net margin 71.5%) and EBITDA of ₹272.37 Cr (EBITDA margin 95.6%). Revenue has grown at a compounded annual rate (CAGR) of 348% over three years and 137% over five years.
As per MCA filings, the company has open charges of ₹155.95 Cr and satisfied charges of ₹427 Cr on record. Court records list 26 cases involving the company, including 9 filed by the company and 17 filed against it; 8 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹300.81 Cr; the latest was in January 2012. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is SJR Prime Corporation Private Limited with revenue of ₹287.14 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45201GJ2002PTC041354
Registration Number 041354
Incorporation Date 01 October 2002
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 06 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ganesh Housing Corporation Limited
Compliance Status Active Compliant
Key People
Shekhar Govindbhai Patel Managing Director Rajendra Kantilal Shah Cfo Palak Manan Pancholi Director Recognitions & Rankings of Gatil Properties
Contact details
Gatil Properties Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGanesh Corporate House 100 Feet Hebatpur – Thaltej Road Near Sola Bridge Off S.G. Highway, Ahmedabad, Gujarat, India – 380054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Gatil Properties Private Limited, buy the company report.
Comprehensive company report
Gatil Properties Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Gatil Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Gatil Properties Private Limited, buy the company report.
Financials of Gatil Properties Private Limited
FY 2025 filings availableGatil Properties Private Limited reported revenue of ₹284.84 Cr (up 3% YoY) for FY 2025.
Revenue · FY 2025
₹284.84 Cr ▲ 3%
Net profit · FY 2025
₹203.75 Cr margin 71.5%
EBITDA · FY 2025
₹272.37 Cr margin 95.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 348%
5 years · compounded
▲ 137%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 844%
5 years · compounded
▲ 169%
Revenue has grown at a compounded annual rate (CAGR) of 137% over five years, including 3% growth in the latest year. EBITDA rose 9% 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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| Total Expenses | |||||
| EBITDA | ₹272.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹203.75 Cr | ||||
| Balance Sheet | |||||
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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 | 95.6% | ||||
| Net Profit Margin | 71.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Gatil Properties Private Limited, buy the company report.
Board of directors and KMP of Gatil Properties Private Limited
Gatil Properties Private Limited currently reports 4 directors and 1 key managerial person. 13 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Govindbhai Patel | Managing Director | 13 Oct 2015 | 11 Years 0 Months | Current |
| Rajendra Kantilal Shah | Cfo | 10 Apr 2017 | 9 Years 6 Months | Current |
| Palak Manan Pancholi Also directs: Ganesh Housing Limited, Madhukamal Infrastructure Private Limited | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Dipakkumar Govindbhai Patel | Director | 22 Oct 2016 | 10 Years 0 Months | Current |
| Ajaysinh Pravinsinh Vaghela Also directs: Ganesh Plantations Private Limited | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Gatil Properties Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SJR Prime Corporation Private Limited | ₹287.14 Cr (FY 2023) | 111.0% | Bangalore, Karnataka, India | |||
| TCG Urban Infrastructure Holdings Private Limited | ₹286.49 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Akruthi Infra-Build Developers Private Limited | ₹286.4 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Gatil Properties Private Limitedthis company | ₹284.84 Cr (FY 2025) | ₹203.75 Cr | 71.5% | 3.0% | Ahmedabad, Gujarat, India | |
| Eldeco Infrastructure and Properties Limited | ₹277.35 Cr (FY 2024) | -9.0% | Faridabad, Haryana, India | |||
| Palladium Constructions Private Limited | ₹276.96 Cr (FY 2025) | -71.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Gatil Properties Private Limited, buy the company report.
Auditor
Gatil Properties Private Limited is audited by J.M.PARIKH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.M.PARIKH & ASSOCIATES | FY 2023 | 118007W |
Shareholding
The shareholding of Gatil Properties 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 Gatil Properties Private Limited, buy the company report.
Charges & borrowings
Open charges
₹155.95 Cr
Satisfied charges
₹427 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2024 | 100984794 | Others | ₹15 Cr | Open | |
| 12 Apr 2022 | 100568543 | Others | ₹12.26 Cr | Open | |
| 17 Aug 2021 | 100476987 | Others | ₹16.17 Cr | Open | |
| 16 Jul 2020 | 100353955 | Others | ₹112.52 Cr | Open | |
| 31 Aug 2023 | 100784177 | Others | ₹7 Cr | Satisfied |
To see the full charge records of Gatil Properties Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Gatil Properties Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹300.81 Cr; the latest was in January 2012.
Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹300.81 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2012 | Funding round | ₹80.91 Cr | Investors: Ganesh Housing Limited , Proalpha Advisors |
| Feb 2011 | Funding round | ₹23 Lakh | Investors: Ganesh Housing Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Ganesh Housing Limited Seller: 4 individuals |
| Sep 2009 | Funding round | ₹219.67 Cr | Investors: Ganesh Housing Limited , Proalpha Advisors |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ganesh Housing Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gatil Properties Private Limited has 26 court cases on record: 9 filed by Gatil Properties, 17 filed against it. 8 cases are pending and 18 are disposed.
Total cases
26
Filed by the company
9
Filed against the company
17
Pending
8
Disposed
18
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 8 | 4 |
| District courts | 9 | 8 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Appeal | Filed by the company against Redrose Tradelink Private Limited Through Its Director Vijaykumar Manubhai Raj | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed against the company by individuals | Pending |
To see the full case history of Gatil Properties 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 Gatil Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gatil Properties has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCG7465K1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gatil Properties Private Limited, buy the company report.
Recent activity
Gatil Properties Private Limited has 14 board changes on record since 2009: 5 appointments and 9 cessations. The latest: Ajaysinh Pravinsinh Vaghela ceased to be Additional Director on 06 Sep 2024.
AGM
Gatil Properties Private Limited last Annual general meeting of members was held on 06 Sep 2025 as per latest MCA records.
Filing
Gatil Properties Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100984794 was registered on 17 Sep 2024.
Ceased
Ajaysinh Pravinsinh Vaghela ceased to be Additional Director.
Ceased
Palak Manan Pancholi ceased to be Additional Director.
Appointed
Ajaysinh Pravinsinh Vaghela was appointed as Director.
Appointed
Palak Manan Pancholi was appointed as Director.
Charges
A charge registered on 31 Aug 2023 via Charge ID 100784177 with Others was fully satisfied on 01 Dec 2023.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100784177 was registered on 31 Aug 2023.
Charges
A charge registered on 31 Mar 2023 via Charge ID 100707431 with Others was fully satisfied on 07 Jun 2023.
Charges
A charge registered on 28 Dec 2022 via Charge ID 100670057 with Others was fully satisfied on 11 Apr 2023.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100707431 was registered on 31 Mar 2023.
40 earlier events are in the company report.
Frequently asked questions
Gatil Properties is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 October 2002 (24+ years old) and is registered under CIN U45201GJ2002PTC041354.
Gatil Properties has 5 current directors and KMP:
- Shekhar Govindbhai Patel - Managing Director
- Palak Manan Pancholi - Director
- Dipakkumar Govindbhai Patel - Director
- Ajaysinh Pravinsinh Vaghela - Director
- Rajendra Kantilal Shah - Cfo
The latest financial statements of Gatil Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gatil Properties is 24AABCG7465K1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Gatil Properties is U45201GJ2002PTC041354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gatil Properties has 26 court cases on record: 9 filed by the company and 17 filed against it. 8 are pending. Most are in the high courts.
Gatil Properties was incorporated on 01 October 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gatil Properties has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹300.81 Cr; the latest was in January 2012.
The peers of Gatil Properties by revenue are SJR Prime Corporation Private Limited, TCG Urban Infrastructure Holdings Private Limited, Akruthi Infra-Build Developers Private Limited, Eldeco Infrastructure and Properties Limited, Palladium Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ajaysinh Pravinsinh Vaghela ceased to be Additional Director on 06 Sep 2024. Palak Manan Pancholi ceased to be Additional Director on 06 Sep 2024. Ajaysinh Pravinsinh Vaghela was appointed as Director on 01 Aug 2024. Gatil Properties has 14 board changes on record in total.
The registered office of Gatil Properties is at Ganesh Corporate House 100 Feet Hebatpur – Thaltej Road Near Sola Bridge Off S.G. Highway, Ahmedabad, Gujarat, India – 380054.