- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0145477

About Hazel Realty Private Limited
Data last updated:
Hazel Realty Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Guna Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 02 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70102TN2010PTC074458. Its GSTIN is 33AADCV1777F1ZD (Tamil Nadu).
The company has an authorised share capital of ₹28.6 Cr and a paid-up capital of ₹28.51 Cr. It was formerly known as Vgn Pragnya Realty Private Limited. It is led by directors Krishnamoorthi Govindaraghavan and Velu Ranjith.
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 Poonamalleeavadi High Road Near Kendriyavihar, Chennai, Tamil Nadu, India – 600071.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.92 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹1.07 Cr (net margin -3.6%) and EBITDA of ₹3.28 Cr (EBITDA margin 10.9%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹216.29 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 8 deals on record (4 debt financings, 2 funding rounds, 1 rights issue), with disclosed funding of ₹134.5 Cr; the latest was in December 2021. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 3 smaller; the largest is Indrajit Properties Private Limited with revenue of ₹29.94 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2024, listing 5 overdue payments to 1 micro and small supplier.
Hazel Realty Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0145477). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hazelproject.in.
Company details
Recognitions & Rankings of Hazel Realty
Contact details
Hazel Realty Private Limited's registered office is in Chennai, Tamil Nadu. Its website is hazelproject.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPoonamalleeavadi High Road Near Kendriyavihar, Chennai, Tamil Nadu, India – 600071
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Hazel Realty 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
Business activity
The main business activity of Hazel Realty is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Hazel Realty Private Limited, buy the company report.
Financials of Hazel Realty Private Limited
FY 2024 filings availableHazel Realty Private Limited reported revenue of ₹29.92 Cr (down 48% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 48% fall in the latest year. EBITDA rose 127% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.28 Cr | ||||
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| Net Profit (PAT) | -₹1.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | -3.6% | ||||
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To see the full financial statements and ratios of Hazel Realty Private Limited, buy the company report.
Board of directors of Hazel Realty Private Limited
Hazel Realty has 2 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnamoorthi Govindaraghavan | Director | 08 Dec 2022 | 3 Years 11 Months | Current |
| Velu Ranjith Also directs: Guna Developers Private Limited | Director | 20 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Hazel Realty 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 (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indrajit Properties Private Limited | ₹29.94 Cr (FY 2025) | -34.0% | Mumbai, Maharashtra, India | |||
| Hazel Realty Private Limitedthis company | ₹29.92 Cr (FY 2024) | -₹1.07 Cr | -3.6% | -48.0% | 1 | Chennai, Tamil Nadu, India |
| Itpg Developers Private Limited | ₹29.92 Cr (FY 2025) | 240.0% | Gurgaon, Haryana, India | |||
| Ekdant Constructions and Developers Private Limited | ₹29.91 Cr (FY 2025) | -30.0% | Thane, Maharashtra, India | |||
| MSS Infracon Private Limited | ₹29.91 Cr (FY 2025) | 585.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Hazel Realty Private Limited, buy the company report.
Auditor
Hazel Realty Private Limited is audited by K.S. Rao & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.S. Rao & Co | FY 2023 | 003109S |
Shareholding
The shareholding of Hazel Realty 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hazel Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Dec 2022 | 100693592 | Idbi Trusteeship Services Limited | ₹6 Cr | Open | |
| 27 Jul 2022 | 100653532 | Idbi Trusteeship Services Limited | ₹5 Cr | Satisfied | |
| 03 Jan 2022 | 100541382 | Idbi Trusteeship Services Limited | ₹26.5 Cr | Satisfied | |
| 12 Jul 2019 | 100274038 | Others | ₹49.79 Cr | Satisfied | |
| 06 Apr 2018 | 100173529 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Hazel Realty Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Hazel Realty Private Limited has 8 deals on record (4 debt financings, 2 funding rounds, 1 rights issue), with disclosed funding of ₹134.5 Cr; the latest was in December 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Debt financing | ₹37.5 Cr | Investors: Trust Capital, 3 individuals |
| Aug 2017 | Debt financing | ₹18.8 Cr | Investors: Pragnya Funds |
| Jun 2017 | Rights issue | ₹3.5 Cr | Investors: Badrinath Commotrade Private Limited |
| Oct 2014 | Acquisition | Undisclosed | Buyer: Guna Developers Private Limited Seller: VGN Projects Estates Private Limited , Pragnya Funds, an individual |
| Mar 2011 | Funding round | ₹30.07 Cr | Investors: Pragnya Funds, VGN Projects Estates Private Limited |
To see the full deal history of Hazel Realty Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hazel Realty Private Limited has 2 court cases on record: 2 filed by Hazel Realty. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Commissioner and 2 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Commissioner and 2 others | Disposed |
To see the full case history of Hazel Realty 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
Hazel Realty Private Limited was last rated by Brickwork on 09 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Apr 2021 |
To see the full credit ratings and regulatory alerts of Hazel Realty Private Limited, buy the company report.
MSME payment delays
Hazel Realty Private Limited has 2 MSME Form 1 returns on record between 2022 and 2024, listing 5 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bright Corporate Solutions Private Limited |
To see the full MSME payment records of Hazel Realty Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hazel Realty Private Limited has a workforce of 1 employees on its EPFO records as of Mar 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Hazel Realty Private Limited, buy the company report.
GST
Hazel Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCV1777F1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hazel Realty Private Limited, buy the company report.
Recent activity
Hazel Realty Private Limited has 21 board changes on record since 2011: 2 appointments and 19 cessations. The latest: Velu Ranjith ceased to be Additional Director on 29 Sep 2024.
28 earlier events are in the company report.
Frequently asked questions
Hazel Realty is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 02 February 2010 (16+ years old) and is registered under CIN U70102TN2010PTC074458.
Hazel Realty has 2 current directors:
- Krishnamoorthi Govindaraghavan - Director
- Velu Ranjith - Director
The latest financial statements of Hazel 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 2015 are in the company report.
The GSTIN of Hazel Realty is 33AADCV1777F1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Hazel Realty is U70102TN2010PTC074458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hazel Realty has 2 court cases on record: 2 filed by the company.
Hazel Realty was incorporated on 02 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Hazel Realty has 8 deals on record (4 debt financings, 2 funding rounds, 1 rights issue), with disclosed funding of ₹134.5 Cr; the latest was in December 2021.
The peers of Hazel Realty by revenue are Indrajit Properties Private Limited, Itpg Developers Private Limited, Ekdant Constructions and Developers Private Limited, MSS Infracon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Velu Ranjith ceased to be Additional Director on 29 Sep 2024. Velu Ranjith was appointed as Director on 20 Dec 2023. Krishnamoorthi Govindaraghavan ceased to be Additional Director on 29 Sep 2023. Hazel Realty has 21 board changes on record in total.
Yes, Hazel Realty is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0145477).
Hazel Realty has 2 MSME Form 1 returns on record between 2022 and 2024, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Apr 2024.

