Happy Highrises Limited
About Happy Highrises Limited
Data last updated:
Happy Highrises Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Godrej Properties Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate leasing and property management segment of the real estate sector. It was incorporated on 14 May 1993.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH1993PLC180464. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.31 Lakh. It was led by directors including Rajendra Sawarmal Khetawat and Sriram Subramanian Iyer.
Its last annual general meeting (AGM) was held on 18 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Godrej One 5th Floor Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079.
As per the financials filed for FY 2016, the company reported a revenue of ₹33.58 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹5.87 Cr (net margin -17.5%) and EBITDA of -₹5.77 Cr (EBITDA margin -17.2%).
As per MCA filings, the company had satisfied charges of ₹401 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 5 deals on record (4 acquisitions, 1 funding round); the latest was in April 2016. Its 10 peer companies in the same principal business activity (Real estate activities with own or leased property) are compared by revenue, 5 larger and 5 smaller; the largest is Vinayak Dealer Pvt Ltd with revenue of ₹33.83 Cr.
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- Registered AddressGodrej One 5th Floor Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079
- IndustryReal Estate, Real Estate Leasing
- 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 Happy Highrises Limited
The main business activity of Happy Highrises is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Happy Highrises Limited FY 2016 filings available
Happy Highrises Limited reported revenue of ₹33.58 Cr (down 59% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of Happy Highrises Limited
Revenue fell 59% in the latest year. EBITDA fell 120% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Happy Highrises Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹33.58 Cr | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | -₹5.77 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹5.87 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 Happy Highrises Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -17.2% | •••• |
| Net Profit Margin | -17.5% | •••• |
| 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 Happy Highrises 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 Happy Highrises Limited
Happy Highrises Limited is compared with the companies closest to it by revenue in the same principal business activity (Real estate activities with own or leased property). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vinayak Dealer Pvt Ltd | ₹33.83 Cr (FY 2025) | •••• | •••• | 161.0% | •••• | Kolkata, West Bengal, India |
| GSM Mega Infrastructures Private Limited | ₹33.81 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| MRL Realty Private Limited | ₹33.76 Cr (FY 2024) | •••• | •••• | 11444.0% | •••• | Kancheepuram, Tamil Nadu, India |
| K R Real Estate Private Limited | ₹33.73 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Aban Infrastructure Private Limited | ₹33.64 Cr (FY 2025) | •••• | •••• | 97.0% | •••• | Chennai, Tamil Nadu, India |
| Happy Highrises Limited this company | ₹33.58 Cr (FY 2016) | •••• | •••• | -59.0% | •••• | Mumbai, Maharashtra, India |
| Akme Build Estate Limited | ₹33.55 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| Rational Art and Press Private Limited | ₹33.54 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Jai Krishan Hi-Tech Infrastructures Pvt Ltd | ₹33.47 Cr (FY 2025) | •••• | •••• | 21726.0% | •••• | Delhi, India |
| Regent Hirise Private Limited | ₹33.45 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Kolkata, West Bengal, India |
| Saket Promoters Limited | ₹33.43 Cr (FY 2022) | •••• | •••• | -27.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Happy Highrises by revenue in the same principal business activity (Real estate activities with own or leased property), 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 Happy Highrises Limited
Happy Highrises Limited is audited by KALYANIWALLA & MISTRY for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KALYANIWALLA & MISTRY | 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 Happy Highrises Limited
Happy Highrises has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Sawarmal Khetawat | Director | 18 Jul 2007 | 19 Years 2 Months | As last reported |
| Sriram Subramanian Iyer Also directs: Emerald Haven Development Limited, TVS Emerald Limited, Emerald Haven Town and Country Private Limited and 5 more | Director | 16 Dec 2015 | 10 Years 9 Months | As last reported |
| Subha Chakrabarti Also directs: Luxe Reino Hotels & Resorts Private Limited | Director | 18 Jul 2016 | 10 Years 2 Months | As last reported |
Ownership and Shareholding of Happy Highrises 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 Happy Highrises Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2009 | State Bank of India | ₹401 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Happy Highrises Limited
Happy Highrises Limited has 5 deals on record (4 acquisitions, 1 funding round); the latest was in April 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Acquisition | ₹248.51 Cr | Buyer: Godrej Properties Limited Seller: Golnat Traders Private Limited |
| Jul 2014 | Acquisition | Undisclosed | Buyer: Golnat Traders Private Limited Seller: Milestone Capital, Unilazer Ventures |
| Jul 2013 | Funding round | Undisclosed | Investors: Unilazer Ventures |
| Jul 2011 | Acquisition | Undisclosed | Seller: Milestone Capital |
| Jul 2007 | Acquisition | Undisclosed | Buyer: Godrej Properties Limited |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Happy Highrises Limited
Happy Highrises Limited has 4 court cases on record: 4 filed by Happy Highrises. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against an individual | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against State of West Bengal & Ors | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 4 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 Happy Highrises Limited
Employment history and EPFO contributions of people linked to Happy Highrises.
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.
CIN History of Happy Highrises Limited
Happy Highrises has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51909MH1993PLC180464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909MH1993PLC180464 | Current |
| U99999WB1993PLC058844 | Previous |
| U51909WB1993PLC058844 | Previous |
Recent Activity on Happy Highrises Limited
Happy Highrises Limited has 21 board changes on record since 2007: 3 appointments and 18 cessations. The latest: Sriram Subramanian Iyer ceased to be Additional Director on 18 Aug 2016.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Happy Highrises 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 Happy Highrises 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 Happy Highrises 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 Happy Highrises Limited
Happy Highrises has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Happy Highrises 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 Happy Highrises Limited
Happy Highrises has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Happy Highrises was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate leasing, within the real estate industry. It was incorporated on 14 May 1993 and is registered under CIN U51909MH1993PLC180464. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Happy Highrises was incorporated on 14 May 1993. It is registered with the Registrar of Companies, Mumbai.
Happy Highrises had 3 directors:
- Rajendra Sawarmal Khetawat - Director
- Sriram Subramanian Iyer - Director
- Subha Chakrabarti - Director
The CIN (Corporate Identification Number) of Happy Highrises is U51909MH1993PLC180464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Happy Highrises is at Godrej One 5th Floor Pirojshanagar Eastern Express Highway Vikhroli East, Mumbai, Maharashtra, India – 400079.
Happy Highrises reported revenue of ₹33.58 Cr for FY 2016 (down 59% YoY).
Happy Highrises has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹20.31 Lakh.
Happy Highrises reported a net loss of ₹5.87 Cr (net margin -17.5%) and EBITDA of -₹5.77 Cr (EBITDA margin -17.2%) for FY 2016, as per its filed financial statements.
No. Happy Highrises has 1 GST registration on record and it is cancelled or inactive.
Happy Highrises operated in the real estate industry, in the real estate leasing segment.