About Iheart Properties Private Limited
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Iheart Properties Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2002PTC135842. Its GSTIN is 27AACCT0856A1ZP (Maharashtra).
The company has an authorised share capital of ₹12.45 Cr and a paid-up capital of ₹12.29 Cr. It was formerly known as Thyrocare Properties and Infrastructure Private Limited and Thyrocare Properties Private Limited. It is led by directors including Anand Velumani (Managing Director) and Velumani Arokiaswamy.
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 2nd Floor Plot No: D – 123 Ttc MIDC Village Shirvane Node Nerul, Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹196.03 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹10.62 Cr (net margin 5.4%) and EBITDA of ₹186.13 Cr (EBITDA margin 94.9%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 72% over five years.
The company is associated with 1 brand: Thyrocare. Court records list 10 cases involving the company, including 6 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thyrocare.com.
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- Registered Address2nd Floor Plot No: D – 123 Ttc MIDC Village Shirvane Node Nerul, Navi Mumbai, Maharashtra, India – 400706
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Financials of Iheart Properties Private Limited FY 2025 filings available
Iheart Properties Private Limited reported revenue of ₹196.03 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Iheart Properties Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 38% growth in the latest year. EBITDA rose 46% 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 Iheart Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹186.13 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.62 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Iheart Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Iheart Properties 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 Iheart Properties Private Limited
Iheart Properties Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Su Corporation Private Limited | •••• | •••• | •••• | •••• | - | Kolhapur, Maharashtra, India |
| You Seung Sang Sa India Construction Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Kasturi Spaces Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Veegaland Developers Limited | •••• | •••• | •••• | •••• | 99 | Ernakulam, Kerala, India |
| GV Techparks Private Limited | •••• | •••• | •••• | •••• | 25 | Bengaluru, Karnataka, India |
| Iheart Properties Private Limited this company | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| JMS Infra Reality Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Viren Ventures Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Emerald Haven Realty Developers (Paraniputhur) Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Tirupati Sarjan Limited Listed | •••• | •••• | •••• | •••• | 58 | Ahmedabad, Gujarat, India |
| J. K. Solutions Private Limited | •••• | •••• | •••• | •••• | 61 | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Iheart Properties by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Iheart Properties Private Limited
Iheart Properties Private Limited is audited by M CHINNASWAMY & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M CHINNASWAMY & CO | 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 Iheart Properties Private Limited
Iheart Properties has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Velumani | Managing Director | 29 Mar 2011 | 15 Years 6 Months | Current |
| Velumani Arokiaswamy | Director | 12 Aug 2022 | 4 Years 1 Months | Current |
| Sundararaju Arokiaswamy | Director | 10 May 2002 | 24 Years 4 Months | Current |
| Selvaraj Krishnaswamy Naidu | Director | 10 May 2002 | 24 Years 4 Months | Current |
Ownership and Shareholding of Iheart Properties 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 Iheart Properties Private Limited
Iheart Properties Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Iheart Properties Private Limited
Iheart Properties Private Limited has 10 court cases on record: 6 filed by Iheart Properties, 3 filed against it, 1 where it is another party. 3 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 3 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed by the company against Nomura Financial Advisory and Securities (India) Private Limited | Pending |
| Bombay High Court | Writ petition | Filed by the company against Maharashtra Industrial Development Corporation Limited | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Maharashtra Industrial Development Corporation Limited | Disposed |
Full case history
All 10 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.
Associated Brands with Iheart Properties Private Limited
Iheart Properties operates one associated brand: Thyrocare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diagnostic testing centers for pathology and health screenings are operated. | thyrocare.com |
Employees and EPFO Compliance at Iheart Properties Private Limited
Employment history and EPFO contributions of people linked to Iheart Properties.
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.
Name History of Iheart Properties Private Limited
Iheart Properties has undergone 2 name changes throughout its history. The company was previously known as Thyrocare Properties And Infrastructure Private Limited, and Thyrocare Properties Private Limited. The current legal name is Iheart Properties Private Limited.
| Company Name | Status |
|---|---|
| Iheart Properties Private Limited | Current |
| Thyrocare Properties And Infrastructure Private Limited | Previous |
| Thyrocare Properties Private Limited | Previous |
News related to Iheart Properties Private Limited
Recent Activity on Iheart Properties Private Limited
Iheart Properties Private Limited has 7 board changes on record since 2002: 4 appointments and 3 cessations. The latest: Velumani Arokiaswamy ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Iheart Properties 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 Iheart Properties 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 Iheart Properties 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 Iheart Properties Private Limited
Iheart Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT0856A1ZP | 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 Iheart Properties 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 Iheart Properties Private Limited
Iheart Properties is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 May 2002 (24+ years old) and is registered under CIN U45201MH2002PTC135842.
Iheart Properties reported revenue of ₹196.03 Cr for FY 2025 (up 38% YoY).
Iheart Properties has 4 current directors:
- Anand Velumani - Managing Director
- Velumani Arokiaswamy - Director
- Sundararaju Arokiaswamy - Director
- Selvaraj Krishnaswamy Naidu - Director
Iheart Properties reported a net profit of ₹10.62 Cr (net margin 5.4%) and EBITDA of ₹186.13 Cr (EBITDA margin 94.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Iheart Properties is -35% over three years and 72% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Iheart Properties is 27AACCT0856A1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Iheart Properties is U45201MH2002PTC135842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iheart Properties has 10 court cases on record: 6 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Iheart Properties was incorporated on 10 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Iheart Properties by revenue are Su Corporation Private Limited, You Seung Sang Sa India Construction Private Limited, Kasturi Spaces Private Limited, Veegaland Developers Limited, GV Techparks Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Velumani Arokiaswamy ceased to be Additional Director on 30 Sep 2022. Velumani Arokiaswamy was appointed as Director on 12 Aug 2022. Renukadevi Rangaswamy ceased to be Company Secretary on 10 Aug 2019. Iheart Properties has 7 board changes on record in total.