MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-03-0121662
Iheart Properties Private Limited - real estate and construction in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹196.03 Cr
▲ 38% YoY
Net profit · FY 2025
₹10.62 Cr
Net margin 5.4%
EBITDA · FY 2025
₹186.13 Cr
EBITDA margin 94.9%
Authorised capital
₹12.45 Cr
Registered with MCA
Paid-up capital
₹12.29 Cr
Issued & subscribed
Company age
24 yrs
Est. 2002
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Iheart Properties Private Limited
Data last updated:
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.
Its director Arokiaswamy Velumani is #606 among India's richest people (2026).
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 4 filed against it; 3 cases are pending.
Iheart Properties Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-03-0121662). 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.
Company details
CIN U45201MH2002PTC135842
Registration Number 135842
Incorporation Date 10 May 2002
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-03-0121662
Name history
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 |
Key People
Anand Velumani Managing Director Velumani Arokiaswamy Director Sundararaju Arokiaswamy Director Recognitions & Rankings of Iheart Properties
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #606 Arokiaswamy Velumani ₹5,500 Cr
Contact details
Iheart Properties Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is thyrocare.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- 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
To see the full contact details of Iheart Properties Private Limited, buy the company report.
Comprehensive company report
Iheart Properties Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
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 |
Financials of Iheart Properties Private Limited
FY 2025 filings availableIheart Properties Private Limited reported revenue of ₹196.03 Cr (up 38% YoY) for FY 2025.
Revenue · FY 2025
₹196.03 Cr ▲ 38%
Net profit · FY 2025
₹10.62 Cr margin 5.4%
EBITDA · FY 2025
₹186.13 Cr margin 94.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 38%
3 years · compounded
▼ 35%
5 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▲ 46%
3 years · compounded
▼ 35%
5 years · compounded
▲ 73%
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹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 | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| 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 | |||||
| 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 Iheart Properties Private Limited, buy the company report.
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.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Velumani | Managing Director | 29 Mar 2011 | 15 Years 6 Months | Current |
| Velumani Arokiaswamy Also directs: Focus Value LLP, Mahima Advertising LLP, Emerald Jewel Industry India Limited and 2 more | Director | 12 Aug 2022 | 4 Years 2 Months | Current |
| Sundararaju Arokiaswamy | Director | 10 May 2002 | 24 Years 5 Months | Current |
| Selvaraj Krishnaswamy Naidu | Director | 10 May 2002 | 24 Years 5 Months | Current |
Peer comparison
Iheart Properties 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 |
|---|---|---|---|---|---|---|
| GV Techparks Private Limited | ₹196.22 Cr (FY 2025) | -8.0% | Bengaluru, Karnataka, India | |||
| Iheart Properties Private Limitedthis company | ₹196.03 Cr (FY 2025) | ₹10.62 Cr | 5.4% | 38.0% | Navi Mumbai, Maharashtra, India | |
| JMS Infra Reality Private Limited | ₹195.59 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Viren Ventures Private Limited | ₹195.45 Cr (FY 2025) | 101.0% | Chennai, Tamil Nadu, India | |||
| Emerald Haven Realty Developers (Paraniputhur) Private Limited | ₹195.39 Cr (FY 2025) | 202.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Iheart Properties Private Limited, buy the company report.
Auditor
Iheart Properties Private Limited is audited by M CHINNASWAMY & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M CHINNASWAMY & CO | FY 2022 | 018008S |
Shareholding
The shareholding of Iheart Properties Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Iheart Properties Private Limited, buy the company report.
Legal cases
Iheart Properties Private Limited has 10 court cases on record: 6 filed by Iheart Properties, 4 filed against it. 3 cases are pending and 7 are disposed.
Total cases
10
Filed by the company
6
Filed against the company
4
Pending
3
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 3 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed by the company against Nomura Financial Advisory and Securities (India) Pvt. Ltd. and 6 Others and 6 others | Pending |
| Bombay High Court | Writ petition | Filed against the company by Nueclear Healthcare Limited | Pending |
| High Court | Writ petition | Filed by the company against Maharashtra Industrial Development Corporation Limited and 1 other | Pending |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Maharashtra Industrial Development Corporation Limited and 1 other | Disposed |
To see the full case history of Iheart Properties 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iheart Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iheart Properties has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT0856A1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iheart Properties Private Limited, buy the company report.
Recent activity
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.
AGM
Iheart Properties Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Iheart Properties Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Velumani Arokiaswamy ceased to be Additional Director.
Appointed
Velumani Arokiaswamy was appointed as Director.
Ceased
Renukadevi Rangaswamy ceased to be Company Secretary.
Ceased
Anand Velumani ceased to be Director.
Appointed
Anand Velumani was appointed as Managing Director.
Appointed
Selvaraj Krishnaswamy Naidu was appointed as Director.
Appointed
Sundararaju Arokiaswamy was appointed as Director.
Incorporation
10 May 2002
Iheart Properties Private Limited was registered on 10 May 2002 with Roc Mumbai Ii & aged 24 years 5 months as per MCA records.
News
Frequently asked questions
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 has 4 current directors:
- Anand Velumani - Managing Director
- Velumani Arokiaswamy - Director
- Sundararaju Arokiaswamy - Director
- Selvaraj Krishnaswamy Naidu - Director
The latest financial statements of Iheart Properties 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.
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 4 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 GV Techparks Private Limited, JMS Infra Reality Private Limited, Viren Ventures Private Limited, Emerald Haven Realty Developers (Paraniputhur) 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).
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.
Yes, Iheart Properties is registered as an MSME under Udyam registration (number: UDYAM-TN-03-0121662).
Iheart Properties can be reached through the website thyrocare.com. Its registered office is in Navi Mumbai, Maharashtra, India.