About Growmore Space Solutions Private Limited
Data last updated:
Growmore Space Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 15 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70109MH2010PTC200002. Its GSTIN is 27AADCG6756F1ZG (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹80 Lakh. It is led by directors including Kayvan Narendra Nandu and Thakershi Meghji Shethia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 2.7%) and EBITDA of ₹5.83 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 455% over three years and 70% over five years.
The company is associated with 1 brand: GrowMoreSpace Solutions. As per MCA filings, the company has open charges of ₹40 Cr and satisfied charges of ₹50 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website growmorespace.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address102 1st Floor A Wing Sigma Emerald Building, Off Anand Nagar Vishal Chsl, Mumbai, Maharashtra, India – 400055
- IndustryBusiness Outsourcing, Business & IT Consulting
- 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
Business Activity of Growmore Space Solutions Private Limited
The main business activity of Growmore Space Solutions is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Growmore Space Solutions Private Limited FY 2025 filings available
Growmore Space Solutions Private Limited reported revenue of ₹59.77 Cr (up 552% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Growmore Space Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 552% growth in the latest year. EBITDA fell 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 of Growmore Space Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹5.83 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.59 Cr | •••• | •••• | •••• | •••• |
| 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 Growmore Space Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| 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 Growmore Space Solutions are in the company report.
Financial statements from 2015
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.
Peer Comparison of Growmore Space Solutions Private Limited
Growmore Space Solutions Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Consulting Services, Project Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bridgespan India Private Limited | ₹60.91 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
| Iqs Vision Private Limited | ₹60.68 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| Willard Industries Private Limited | ₹60.4 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | Mumbai, Maharashtra, India |
| Tranzlease Automobile Management Solutions Private Limited | ₹59.85 Cr (FY 2018) | •••• | •••• | 5.0% | •••• | Thane, Maharashtra, India |
| Yule Investments Private Limited | ₹59.81 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
| Growmore Space Solutions Private Limited this company | ₹59.77 Cr (FY 2024) | •••• | •••• | 552.0% | •••• | Mumbai, Maharashtra, India |
| Wayfar Consulting Private Limited | ₹59.72 Cr (FY 2025) | •••• | •••• | 132.0% | •••• | Bangalore, Karnataka, India |
| Virtuous Advisians Private Limited | ₹59.57 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Yashoda Nagar, Uttar Pradesh, India |
| Avener Capital Private Limited | ₹59.57 Cr (FY 2025) | •••• | •••• | -35.0% | •••• | Bandra East Mumbai, Maharashtra, India |
| Kobelco Trading India Private Limited | ₹59.54 Cr (FY 2025) | •••• | •••• | 341.0% | •••• | Gurgaon, Haryana, India |
| Leo Corporate Consultants (Indore)Pvt Ltd | ₹59.17 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Growmore Space Solutions by revenue in the Infrastructure industry (Consulting Services, Project Management), 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 Growmore Space Solutions Private Limited
Growmore Space Solutions Private Limited is audited by S S K A & COMPANY for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S K A & COMPANY | 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.
Board of Directors of Growmore Space Solutions Private Limited
Growmore Space Solutions has 7 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kayvan Narendra Nandu Also directs: Sigma Smart Housing India LLP, Sigma Realhousing Global LLP, Oxford Navrang Realtors Private Limited and 4 more | Director | 15 Nov 2017 | 8 Years 10 Months | Current |
| Thakershi Meghji Shethia | Director | 15 Feb 2010 | 16 Years 7 Months | Current |
| Bharat Meghji Shethia | Director | 15 Feb 2010 | 16 Years 7 Months | Current |
| Jayantilal Meghji Shethia Also directs: Sigma Smart Housing India LLP, Sigma Realhousing Global LLP, Oxford Navrang Realtors Private Limited and 1 more | Director | 15 Feb 2010 | 16 Years 7 Months | Current |
| Samir Thakershi Shethia Also directs: Sunshine Realspaces LLP, Samir Buildcon and Infra Projects LLP, Sigma Smart Housing India LLP and 5 more | Director | 15 Feb 2010 | 16 Years 7 Months | Current |
| Pratik Shantilal Shethia Also directs: Sigma Smart Housing India LLP, Sigma Realhousing Global LLP, Sigma Aum Realty LLP and 1 more | Director | 15 Feb 2010 | 16 Years 7 Months | Current |
Ownership and Shareholding of Growmore Space Solutions 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 Growmore Space Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2023 | Others | ₹20 Cr | Satisfied |
| 01 Aug 2022 | Others | ₹20 Cr | Satisfied |
| 30 Dec 2021 | Others | ₹10 Cr | Satisfied |
Total charge records: 3 View all charges
Associated Brands with Growmore Space Solutions Private Limited
Growmore Space Solutions operates one associated brand: GrowMoreSpace Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers real estate projects and management services in Mumbai India. | growmorespace.com |
Employees and EPFO Compliance at Growmore Space Solutions Private Limited
Employment history and EPFO contributions of people linked to Growmore Space Solutions.
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 Growmore Space Solutions Private Limited
Growmore Space Solutions Private Limited has 13 board changes on record since 2010: 10 appointments and 3 cessations. The latest: Komal Samir Sethia ceased to be Director on 10 Jan 2024.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Growmore Space Solutions 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 Growmore Space Solutions 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 Growmore Space Solutions 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 Growmore Space Solutions Private Limited
Growmore Space Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCG6756F1ZG | Maharashtra | Active | 01 Jul 2017 |
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 Growmore Space Solutions 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.
Frequently Asked Questions about Growmore Space Solutions Private Limited
Growmore Space Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 15 February 2010 (16+ years old) and is registered under CIN U70109MH2010PTC200002.
Growmore Space Solutions reported revenue of ₹59.77 Cr for FY 2024 (up 552% YoY).
Growmore Space Solutions has 7 current directors:
- Kayvan Narendra Nandu - Director
- Thakershi Meghji Shethia - Director
- Bharat Meghji Shethia - Director
- Jayantilal Meghji Shethia - Director
- Samir Thakershi Shethia - Director
- Pratik Shantilal Shethia - Director
- Mayur Kirti Shethia - Director
Growmore Space Solutions reported a net profit of ₹1.59 Cr (net margin 2.7%) and EBITDA of ₹5.83 Cr (EBITDA margin 9.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Growmore Space Solutions is 455% over three years and 70% over five years. In the latest year (FY 2024) revenue rose 552%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Growmore Space Solutions is 27AADCG6756F1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Growmore Space Solutions is U70109MH2010PTC200002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Growmore Space Solutions was incorporated on 15 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Growmore Space Solutions by revenue are Bridgespan India Private Limited, Iqs Vision Private Limited, Willard Industries Private Limited, Tranzlease Automobile Management Solutions Private Limited, Yule Investments Private Limited and 5 more, all in the Infrastructure industry (Consulting Services, Project Management).
Komal Samir Sethia ceased to be Director on 10 Jan 2024. Radhika Thakershi Shethia ceased to be Director on 10 Jan 2024. Kayvan Narendra Nandu was appointed as Director on 15 Nov 2017. Growmore Space Solutions has 13 board changes on record in total.
Growmore Space Solutions can be reached through the website growmorespace.com. Its registered office is in Mumbai, Maharashtra, India.