About Innovative Realest Private Limited
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Innovative Realest 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 24 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2003PTC143657. Its GSTIN is 27AABCI2384K2ZC (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Passionate Developers Private Limited and Innovative Etech Private Limited. It is led by directors Smita Rajiv Mehta and Rajiv Madhukant Mehta.
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 A – 50 Royal Industrial Estate 4th Floor Naigaon Cross Road Wadala (West), Mumbai, Maharashtra, India – 400031.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.21 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.06 Cr (net margin 8.9%) and EBITDA of ₹4 Cr (EBITDA margin 11.7%).
As per MCA filings, the company has open charges of ₹6.1 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innovativerealest.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 50 Royal Industrial Estate 4th Floor Naigaon Cross Road Wadala (West), Mumbai, Maharashtra, India – 400031
- 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
Business Activity of Innovative Realest Private Limited
The main business activity of Innovative Realest is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Innovative Realest Private Limited FY 2024 filings available
Innovative Realest Private Limited reported revenue of ₹34.21 Cr (up 195525% YoY) for FY 2024.
Financial Statement Summary of Innovative Realest Private Limited
| 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 | ₹4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.06 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Innovative Realest Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Innovative Realest 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 Innovative Realest Private Limited
Innovative Realest Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gowra Ventures Pvt Ltd | ₹34.27 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Hyderabad, Telangana, India |
| BVL Estates Private Limited | ₹34.27 Cr (FY 2024) | •••• | •••• | 121.0% | •••• | Bangalore, Karnataka, India |
| Kakarla Construction Company Private Limited | ₹34.24 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Hubli, Karnataka, India |
| Ats Realty Private Limited | ₹34.24 Cr (FY 2024) | •••• | •••• | 257.0% | •••• | New Delhi, Delhi, India |
| Shri Senthurvelan Infras India Private Limited | ₹34.22 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Avanashi, Tamil Nadu, India |
| Innovative Realest Private Limited this company | ₹34.21 Cr (FY 2024) | •••• | •••• | 195525.0% | •••• | Mumbai, Maharashtra, India |
| Aura Power Private Limited | ₹34.19 Cr (FY 2023) | •••• | •••• | 264.0% | •••• | Aruppukottai, Tamil Nadu, India |
| Anoop Javalkar Constructions Private Limited | ₹34.17 Cr (FY 2025) | •••• | •••• | 64.0% | •••• | Belgaum, Karnataka, India |
| Chinar Promoters Private Limited | ₹34.17 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Delhi, India |
| Omni Pacific Colonizers Private Limited | ₹34.17 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Kharar, Punjab, India |
| Gayatri Infra Planner Private Limited | ₹34.16 Cr (FY 2018) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Innovative Realest by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Innovative Realest Private Limited
Innovative Realest Private Limited is audited by PRADIP KAPASI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRADIP KAPASI & 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 Innovative Realest Private Limited
Innovative Realest has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smita Rajiv Mehta Also directs: Innovative E-Tech Private Limited | Director | 13 Nov 2012 | 13 Years 10 Months | Current |
| Rajiv Madhukant Mehta Also directs: Ananta Realty LLP, Innovative E-Tech Private Limited | Director | 24 Dec 2003 | 22 Years 9 Months | Current |
Ownership and Shareholding of Innovative Realest 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 Innovative Realest Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Dec 2025 | Others | ₹6.1 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Innovative Realest Private Limited
Innovative Realest Private Limited has 6 court cases on record: 1 filed by Innovative Realest, 3 filed against it, 2 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Disposed |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by City Co Operative Bank Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MARJI) | Filed against the company by City Co Operative Bank Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
Full case history
All 6 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.
Employees and EPFO Compliance at Innovative Realest Private Limited
Employment history and EPFO contributions of people linked to Innovative Realest.
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 Innovative Realest Private Limited
Innovative Realest has undergone 2 name changes throughout its history. The company was previously known as Passionate Developers Private Limited, and Innovative Etech Private Limited. The current legal name is Innovative Realest Private Limited.
| Company Name | Status |
|---|---|
| Innovative Realest Private Limited | Current |
| Passionate Developers Private Limited | Previous |
| Innovative Etech Private Limited | Previous |
CIN History of Innovative Realest Private Limited
Innovative Realest has one previous CIN (Corporate Identification Number): U51505MH2003PTC143657. The current CIN is U70102MH2003PTC143657, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102MH2003PTC143657 | Current |
| U51505MH2003PTC143657 | Previous |
Recent Activity on Innovative Realest Private Limited
Innovative Realest Private Limited has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Smita Rajiv Mehta was appointed as Director on 13 Nov 2012.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Realest 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 Innovative Realest 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 Innovative Realest 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 Innovative Realest Private Limited
Innovative Realest has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI2384K2ZC | Maharashtra | Active | 24 Feb 2020 |
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 Innovative Realest 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 Innovative Realest Private Limited
Innovative Realest 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 24 December 2003 (23+ years old) and is registered under CIN U70102MH2003PTC143657.
Innovative Realest reported revenue of ₹34.21 Cr for FY 2024 (up 195525% YoY).
Innovative Realest has 2 current directors:
- Smita Rajiv Mehta - Director
- Rajiv Madhukant Mehta - Director
Innovative Realest reported a net profit of ₹3.06 Cr (net margin 8.9%) and EBITDA of ₹4 Cr (EBITDA margin 11.7%) for FY 2024, as per its filed financial statements.
The GSTIN of Innovative Realest is 27AABCI2384K2ZC, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Innovative Realest is U70102MH2003PTC143657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Realest has 6 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Innovative Realest was incorporated on 24 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Innovative Realest by revenue are Gowra Ventures Pvt Ltd, BVL Estates Private Limited, Kakarla Construction Company Private Limited, Ats Realty Private Limited, Shri Senthurvelan Infras India Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Smita Rajiv Mehta was appointed as Director on 13 Nov 2012. Madhukant Govindji Mehta ceased to be Director on 12 Nov 2012. Rajiv Madhukant Mehta was appointed as Director on 24 Dec 2003.
Innovative Realest can be reached through the website innovativerealest.com. Its registered office is in Mumbai, Maharashtra, India.