About HBS Realtors Private Limited
Data last updated:
HBS Realtors Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 February 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U33200MH1989PTC050764. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹1.03 Cr. It is led by directors Sandeep Bipin Shah (Managing Director) and Karan Kishor Tolia.
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 505 Ceejay House Dr. Annie Beasant Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.7 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹57.47 Cr and EBITDA of -₹55.76 Cr. Revenue has grown at a compounded annual rate (CAGR) of 95% over three years.
As per MCA filings, the company has open charges of ₹56.91 Cr and satisfied charges of ₹711.51 Cr on record. Court records list 42 cases involving the company, including 8 filed by the company and 34 filed against it; 1 case is pending. The company has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹111.27 Cr; the latest was in April 2018. 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, 2 larger and 2 smaller; the largest is Space Infra Consulting Private Limited with revenue of ₹2.7 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 hbsrealtors.com.
Company details
CIN history
HBS Realtors has one previous CIN (Corporate Identification Number): U33200MH1989PLC050764. The current CIN is U33200MH1989PTC050764, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33200MH1989PTC050764 | Current |
| U33200MH1989PLC050764 | Previous |
Contact details
HBS Realtors Private Limited's registered office is in Mumbai, Maharashtra. Its website is hbsrealtors.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address505 Ceejay House Dr. Annie Beasant Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of HBS Realtors 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
Financials of HBS Realtors Private Limited
FY 2025 filings availableHBS Realtors Private Limited reported revenue of ₹2.7 Cr (up 1591% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 95% over three years. EBITDA rose 65% 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 |
|---|---|---|---|---|---|
| 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 | -₹55.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹57.47 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of HBS Realtors Private Limited, buy the company report.
Board of directors of HBS Realtors Private Limited
HBS Realtors has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karan Kishor Tolia Also directs: HBS Energy Private Limited, HBS Venture Promotions Private Limited, HBS Amenity and Management Consultancy LLP and 5 more | Director | 11 Nov 2020 | 5 Years 11 Months | Current |
| Sandeep Bipin Shah Also directs: Trove Investment Advisors LLP, HBS Raksha Distributors LLP, Shirrin Design Co Private Limited and 3 more | Managing Director | 22 Feb 1989 | 37 Years 8 Months | Current |
Peer comparison
HBS Realtors 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 |
|---|---|---|---|---|---|---|
| Space Infra Consulting Private Limited | ₹2.7 Cr (FY 2025) | 263.0% | Delhi, India | |||
| Trimala Venture Capital Private Limited | ₹2.7 Cr (FY 2024) | 15.0% | Noida, Uttar Pradesh, India | |||
| HBS Realtors Private Limitedthis company | ₹2.7 Cr (FY 2024) | -₹57.47 Cr | 1591.0% | Mumbai, Maharashtra, India | ||
| Devki Devi Infra Build India Private Limited | ₹2.7 Cr (FY 2023) | -34.0% | Allahabad, Uttar Pradesh, India | |||
| Mirik Property Private Limited | ₹2.69 Cr (FY 2025) | -59.0% | Kolkata, West Bengal, India |
To see the full peer comparison of HBS Realtors Private Limited, buy the company report.
Auditor
HBS Realtors Private Limited is audited by K S PADHYA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S PADHYA & CO | FY 2020 | 138919W |
Shareholding
The shareholding of HBS Realtors Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HBS Realtors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2016 | 100045798 | Others | ₹55.15 Lakh | Open | |
| 06 Jul 2016 | 100045797 | Others | ₹47.39 Lakh | Open | |
| 07 Jun 2016 | 100045800 | Others | ₹1.33 Cr | Open | |
| 30 May 2016 | 100045801 | Others | ₹50.04 Lakh | Open | |
| 29 Feb 2012 | 10343605 | Idbi Trusteeship Services Limited | ₹53.55 Cr | Open |
To see the full charge records of HBS Realtors Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
HBS Realtors Private Limited has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹111.27 Cr; the latest was in April 2018.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: Arihant Developers Pvt Ltd |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: Arihant Developers Pvt Ltd |
| Mar 2010 | Secondary share transfer | Undisclosed | Seller: Arihant Developers Pvt Ltd |
| Feb 2010 | Secondary share transfer | Undisclosed | Seller: Arihant Developers Pvt Ltd |
| Jun 2009 | Secondary share transfer | Undisclosed | Seller: Arihant Developers Pvt Ltd |
To see the full deal history of HBS Realtors 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
HBS Realtors Private Limited has 42 court cases on record: 8 filed by HBS Realtors, 34 filed against it. 1 case is pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 13 | 0 |
| District courts | 18 | 18 | 1 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Vistra Itcl (India) Limited and 1 other | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by The Phoenix Mills Limited | Disposed |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed against the company by The Phoenix Mills Limited | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S. Chemex Goods Private Limited | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Vistra Itcl India Limited Through Authorised Rep Harshad Kachhara Through Authorised Rep Harshad Kachhara Office at Iland FS Financial Centre Plot No. C22, G Block Bandra Kurla Complex Bandra East Mumbai ,Mumbai , Maharashtra and 1 other | Disposed |
To see the full case history of HBS Realtors 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
HBS Realtors Private Limited was last rated by Icra on 24 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 24 Nov 2021 |
To see the full credit ratings and regulatory alerts of HBS Realtors Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for HBS Realtors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
HBS Realtors has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of HBS Realtors Private Limited, buy the company report.
Recent activity
HBS Realtors Private Limited has 13 board changes on record since 1989: 2 appointments and 11 cessations. The latest: Devang Raithatha ceased to be Additional Director on 07 Mar 2022.
26 earlier events are in the company report.
Frequently asked questions
HBS Realtors is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 February 1989 (37+ years old) and is registered under CIN U33200MH1989PTC050764.
HBS Realtors has 2 current directors:
- Sandeep Bipin Shah - Managing Director
- Karan Kishor Tolia - Director
The latest financial statements of HBS Realtors on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. HBS Realtors has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of HBS Realtors is U33200MH1989PTC050764. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HBS Realtors has 42 court cases on record: 8 filed by the company and 34 filed against it. 1 is pending. Most are in the high courts.
HBS Realtors was incorporated on 22 February 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
HBS Realtors has 11 deals on record (5 secondary share transfers, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹111.27 Cr; the latest was in April 2018.
The peers of HBS Realtors by revenue are Space Infra Consulting Private Limited, Trimala Venture Capital Private Limited, Devki Devi Infra Build India Private Limited, Mirik Property 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).
Devang Raithatha ceased to be Additional Director on 07 Mar 2022. Karan Kishor Tolia ceased to be Additional Director on 30 Dec 2020. Bipin Chhotalal Shah ceased to be Director on 11 Nov 2020. HBS Realtors has 13 board changes on record in total.
HBS Realtors can be reached through the website hbsrealtors.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
