Image Realty LLP
About Image Realty LLP
Data last updated:
Image Realty LLP was a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. The LLP has been converted into a company and no longer exists as an LLP. For the latest details, refer to the successor company. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 January 2016.
The LLP was registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAF-4209. Its GSTIN is 27AAFFI5657L1ZV (Maharashtra).
The LLP had a total obligation of contribution of ₹88.85 Lakh. It was led by designated partners Nirav Bhupendra Dalal and Meherwan Adil Daruvala.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹195.38 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹80.81 Lakh (net margin -0.4%) and EBITDA of -₹4.08 Cr (EBITDA margin -2.1%). Revenue has grown at a compounded annual rate (CAGR) of 509% over three years and 158% over five years.
The LLP has about 124 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹350 Cr and satisfied charges of ₹100 Cr on record.
Company details
Contact details
Image Realty LLP's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressSp Centre 41/44 Minoo Desai Marg, Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Image Realty LLP, 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 Image Realty LLP
FY 2025 filings availableImage Realty LLP reported revenue of ₹195.38 Cr (up 7171% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 158% over five years. 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profit After Tax | -₹80.81 Lakh | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| Net Profit Margin | -0.4% | ||||
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To see the full financial statements and ratios of Image Realty LLP, buy the company report.
Designated partners of Image Realty LLP
Image Realty has 2 current designated partners and 4 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Bhupendra Dalal Also directs: Awesome Space Creations LLP, Relationship Properties Private Limited, Vakratunda Buildcon Private Limited and 5 more | Designated Partner | 25 Jul 2022 | 4 Years 3 Months | As last reported |
| Meherwan Adil Daruvala Also directs: Image Realty Private Limited, Shatranj Properties Private Limited, Stonesteel Prefab Infra Private Limited and 5 more | Designated Partner | 31 Mar 2025 | 1 Years 7 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2022 | 100651516 | Idbi Trusteeship Services Limited | ₹60 Cr | Open | |
| 16 Nov 2022 | 100651517 | Idbi Trusteeship Services Limited | ₹115 Cr | Open | |
| 16 Nov 2022 | 100651618 | Idbi Trusteeship Services Limited | ₹175 Cr | Open | |
| 17 Jan 2020 | 100318288 | Icici Home Finance Company Limited | ₹100 Cr | Satisfied |
To see the full charge records of Image Realty LLP, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Image Realty LLP are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Image Realty LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Image Realty LLP has a workforce of 124 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 124 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Image Realty LLP, buy the company report.
GST
Image Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFFI5657L1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Image Realty LLP, buy the company report.
Recent activity
Image Realty LLP has 6 designated partner changes on record since 2022: 2 appointments and 4 cessations. The latest: Anuj Anantrai Sheth ceased to be Partner on 31 Mar 2025.
6 earlier events are in the company report.
Frequently asked questions
Image Realty has been converted into a company - the business changed its legal structure from a Limited Liability Partnership to a company. The LLP no longer exists in its previous form. For the latest information, refer to the successor company registered with MCA.
Image Realty was a limited liability partnership based in Mumbai, Maharashtra, India. The LLP worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 January 2016 and is registered under LLPIN AAF-4209. For the latest details, refer to the successor company.
The LLPIN (Limited Liability Partnership Identification Number) of Image Realty is AAF-4209. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Image Realty had 2 designated partners:
- Nirav Bhupendra Dalal - Designated Partner
- Meherwan Adil Daruvala - Designated Partner
Image Realty was incorporated on 01 January 2016. It is registered with the Registrar of Companies, Mumbai.
The registered office of Image Realty is at Sp Centre 4144 Minoo Desai Marg, Colaba, Mumbai, Maharashtra, India – 400005.
The latest financial statements of Image Realty on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Image Realty is 27AAFFI5657L1ZV, registered in Maharashtra.
Image Realty operated in the real estate and construction industry, in the real estate builders and developers segment.
Anuj Anantrai Sheth ceased to be Partner on 31 Mar 2025. Haresh Jayantilal Shah ceased to be Designated Partner on 31 Mar 2025. Krutarth Shah Nemish ceased to be Partner on 31 Mar 2025. Image Realty has 6 designated partner changes on record in total.
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