About GMS Elegant Builders India Private Limited
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GMS Elegant Builders India Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U45400TZ2011PTC016829. Its GSTIN is 29AAECG1679G1ZD (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.9 Cr. It is led by directors including Balasivakumar Palanisamy (Managing Director) and Balasivakumar Krisshnaveni (Whole-Time Director).
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 H – 98/1 Periyar Nagar, Erode, Tamil Nadu, India – 638001.
As per the financials filed for FY 2025, the company reported a revenue of ₹406.32 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹17.7 Cr (net margin 4.4%) and EBITDA of ₹38.9 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 24% over five years.
The company has about 66 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: GMS Elegant Builders. As per MCA filings, the company has open charges of ₹219.91 Cr and satisfied charges of ₹10.8 Cr on record. Court records list 12 cases involving the company, including 4 filed by the company and 8 filed against it. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.9 Cr; the latest was in March 2023. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 smaller; the largest is Casagrand Magick Rufy Private Limited with revenue of ₹404.51 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 gmselegantbuilders.com.
Company details
Contact details
GMS Elegant Builders India Private Limited's registered office is in Erode, Tamil Nadu. Its website is gmselegantbuilders.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH – 98/1 Periyar Nagar, Erode, Tamil Nadu, India – 638001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of GMS Elegant Builders India 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
GMS Elegant Builders India operates one associated brand: GMS Elegant Builders. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Construction services in industrial, educational, and commercial sectors in South India. | gmselegantbuilders.com |
Business activity
The main business activity of GMS Elegant Builders India 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 GMS Elegant Builders India Private Limited, buy the company report.
Financials of GMS Elegant Builders India Private Limited
FY 2024 filings availableGMS Elegant Builders India Private Limited reported revenue of ₹406.32 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 3% 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 | ₹38.9 Cr | ||||
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| Net Profit (PAT) | ₹17.7 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 | 9.6% | ||||
| Net Profit Margin | 4.4% | ||||
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To see the full financial statements and ratios of GMS Elegant Builders India Private Limited, buy the company report.
Board of directors of GMS Elegant Builders India Private Limited
GMS Elegant Builders India has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasivakumar Krisshnaveni Also directs: GMS Shree Green Power Private Limited, GMS Maha Shelters Private Limited, GMS Sri Logistics India Private Limited and 2 more | Whole-Time Director | 09 Mar 2011 | 15 Years 7 Months | Current |
| Palanisamy | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
| Senthurvel Also directs: GMS Shree Green Power Private Limited, GMS Maha Shelters Private Limited, GMS Sri Logistics India Private Limited and 5 more | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Balasivakumar Palanisamy Also directs: GMS Shree Green Power Private Limited, GMS Maha Shelters Private Limited, GMS Sri Logistics India Private Limited and 2 more | Managing Director | 09 Mar 2011 | 15 Years 7 Months | Current |
| Balasivakumar Guhan Rengeshwar Also directs: GMS Shree Green Power Private Limited, GMS Maha Shelters Private Limited, GMS Sri Logistics India Private Limited and 5 more | Director | 25 Jan 2021 | 5 Years 9 Months | Current |
| Palanisamy Parvathi | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
Peer comparison
GMS Elegant Builders India Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| GMS Elegant Builders India Private Limitedthis company | ₹406.32 Cr (FY 2025) | ₹17.7 Cr | 4.4% | -7.0% | 66 | Erode, Tamil Nadu, India |
| Casagrand Magick Rufy Private Limited | ₹404.51 Cr (FY 2025) | 19.0% | Chennai, Tamil Nadu, India | |||
| Adani Estate Management Private Limited | ₹402.8 Cr (FY 2025) | -24.0% | Ahmedabad, Gujarat, India | |||
| SRS Real Infrastructure Limited | ₹402.09 Cr (FY 2017) | -51.0% | Faridabad, Haryana, India | |||
| Alliance Infrastructure Projects Private Limited | ₹399.65 Cr (FY 2024) | -51.0% | Bangalore, Karnataka, India |
To see the full peer comparison of GMS Elegant Builders India Private Limited, buy the company report.
Auditor
GMS Elegant Builders India Private Limited is audited by M A P N and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A P N and Co | FY 2023 | 021431S |
Shareholding
The shareholding of GMS Elegant Builders India 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 GMS Elegant Builders India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2025 | 101174605 | Hdfc Bank Limited | ₹1.38 Cr | Open | |
| 14 Aug 2025 | 101164827 | Hdfc Bank Limited | ₹53.5 Lakh | Open | |
| 30 Jul 2025 | 101134770 | Others | ₹1.93 Cr | Open | |
| 18 Jun 2025 | 101116524 | Others | ₹43 Lakh | Open | |
| 29 Mar 2025 | 101077934 | Hdfc Bank Limited | ₹27 Lakh | Open |
To see the full charge records of GMS Elegant Builders India Private Limited, buy the company report.
Total charge records: 98 View all charges
Deals & funding
GMS Elegant Builders India Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.9 Cr; the latest was in March 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Dec 2022 | Rights issue | ₹1 Cr | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2011 | Funding round | ₹3.9 Cr | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GMS Elegant Builders India Private Limited has 12 court cases on record: 4 filed by GMS Elegant Builders India, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 0 |
| District courts | 5 | 5 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tirupathur, Tamil Nadu | Criminal miscellaneous application | Filed against the company | Disposed |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed against the company by individuals | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed against the company by individuals | Disposed |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| Madras High Court | Writ petition | Filed by the company against Assistant Commissioner(St) | Disposed |
To see the full case history of GMS Elegant Builders India 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.
Credit ratings & regulatory alerts
GMS Elegant Builders India Private Limited was last rated by Crisil on 27 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 Oct 2020 |
To see the full credit ratings and regulatory alerts of GMS Elegant Builders India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for GMS Elegant Builders India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
GMS Elegant Builders India has 2 subsidiary 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 |
|---|---|---|
| GMS Shree Green Power Private Limited | U40106TZ2022PTC038358 | |
| GMS Sri Logistics India Private Limited | U63090TZ2012PTC017900 |
To see the full group structure of GMS Elegant Builders India Private Limited, buy the company report.
Employees & EPFO
GMS Elegant Builders India Private Limited has a workforce of 66 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.
GST
GMS Elegant Builders India has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG1679G1ZD | Karnataka | Active | 01 Jul 2017 |
| 33AAECG1679G1ZO | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAECG1679G1ZG | Andhra Pradesh | Active | 01 Feb 2018 |
| 34AAECG1679G1ZM | Puducherry | Active | 10 Feb 2022 |
To see the full GST registrations and return filing status of GMS Elegant Builders India Private Limited, buy the company report.
Recent activity
GMS Elegant Builders India Private Limited has 12 board changes on record since 2011: 6 appointments and 6 cessations. The latest: Balasivakumar Guhan Rengeshwar ceased to be Additional Director on 15 Nov 2021.
139 earlier events are in the company report.
Frequently asked questions
GMS Elegant Builders India is an active private limited company based in Erode, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 March 2011 (15+ years old) and is registered under CIN U45400TZ2011PTC016829.
GMS Elegant Builders India has 6 current directors:
- Balasivakumar Palanisamy - Managing Director
- Balasivakumar Krisshnaveni - Whole-Time Director
- Palanisamy - Director
- Senthurvel - Director
- Balasivakumar Guhan Rengeshwar - Director
- Palanisamy Parvathi - Director
The latest financial statements of GMS Elegant Builders India 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 GMS Elegant Builders India is 29AAECG1679G1ZD, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 33AAECG1679G1ZO (Tamil Nadu), 37AAECG1679G1ZG (Andhra Pradesh), 34AAECG1679G1ZM (Puducherry).
The CIN (Corporate Identification Number) of GMS Elegant Builders India is U45400TZ2011PTC016829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GMS Elegant Builders India has 12 court cases on record: 4 filed by the company and 8 filed against it. Most are in the high courts.
GMS Elegant Builders India was incorporated on 09 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Coimbatore.
GMS Elegant Builders India has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹3.9 Cr; the latest was in March 2023.
The peers of GMS Elegant Builders India by revenue are Casagrand Magick Rufy Private Limited, Adani Estate Management Private Limited, SRS Real Infrastructure Limited, Alliance Infrastructure Projects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Balasivakumar Guhan Rengeshwar ceased to be Additional Director on 15 Nov 2021. Balasivakumar Guhan Rengeshwar was appointed as Director on 25 Jan 2021. Senthurvel was appointed as Director on 25 Jan 2021. GMS Elegant Builders India has 12 board changes on record in total.
GMS Elegant Builders India can be reached through the website gmselegantbuilders.com. Its registered office is in Erode, Tamil Nadu, India.