India's Richest People 2026 edition · 1 director · Source: Hurun India
- #73 Nadir Godrej & family ₹39,000 Cr
Revenue · FY 2025
₹542.34 Cr
▲ 18% YoY
Net profit · FY 2025
₹19.17 Cr
Net margin 3.5%
EBITDA · FY 2025
₹42.27 Cr
EBITDA margin 7.8%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹9.16 Cr
Issued & subscribed
Open charges
₹6.59 Cr
Satisfied ₹40.53 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
438
Provident fund records
About Isprava Vesta Private Limited
Data last updated:
Isprava Vesta 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 21 February 1992 and has been in existence for over 34 years.
Its director Nadir Godrej and family are #73 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH1992PTC065539. Its GSTIN is 27AAACK0376Q2Z3 (Maharashtra). The company holds 17 GST registrations, of which 14 are active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹9.16 Cr. It was formerly known as Isprava Technologies Limited and Isprava Kalix Limited. It is led by directors including Nibhrant Darshan Shah (Managing Director) and Rohan Lamba.
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 First Floor 42A Impression House G.D.Ambekar Marg Wadala Maharashtra Mum, Bai, Mumbai, Maharashtra, India – 400031.
As per the financials filed for FY 2025, the company reported a revenue of ₹542.34 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹19.17 Cr (net margin 3.5%) and EBITDA of ₹42.27 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 53% over five years.
The company has about 438 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 3 brands: The Chapter, Lohono and Isprava. As per MCA filings, the company has open charges of ₹6.59 Cr and satisfied charges of ₹40.53 Cr on record. Court records list 75 cases involving the company, including 38 filed by the company and 37 filed against it; 4 cases are pending. The company has 16 deals on record (6 funding rounds, 6 secondary share transfers, 3 rights issues), with disclosed funding of ₹124.87 Cr; the latest was in January 2023. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Suraj Estate Developers Limited with revenue of ₹553.17 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 38 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website isprava.com.
Company details
CIN U74900MH1992PTC065539
Registration Number 065539
Incorporation Date 21 February 1992
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
Name history
Isprava Vesta has undergone 5 name changes throughout its history. The current legal name is Isprava Vesta Private Limited.
| Company Name | Status |
|---|---|
| Isprava Vesta Private Limited | Current |
| Isprava Technologies Limited | Previous |
| Isprava Kalix Limited | Previous |
| Karrox Technologies Limited | Previous |
| Karrox Technologies Private Limited | Previous |
| Isprava Technologies Private Limited | Previous |
CIN history
Isprava Vesta has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900MH1992PTC065539, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH1992PTC065539 | Current |
| U72900MH1992PTC065539 | Previous |
| U72900MH1992PLC065539 | Previous |
Key People
Nibhrant Darshan Shah Managing Director Rohan Lamba Director Joseph Raymond Gagnon Additional Director Recognitions & Rankings of Isprava Vesta
Contact details
Isprava Vesta Private Limited's registered office is in Mumbai, Maharashtra. Its website is isprava.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFirst Floor 42A Impression House G.D.Ambekar Marg Wadala Maharashtra Mum, Bai, Mumbai, Maharashtra, India – 400031
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Isprava Vesta Private Limited, buy the company report.
Comprehensive company report
Isprava Vesta 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
Isprava Vesta operates multiple associated brands including The Chapter, Lohono, and Isprava. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of luxury vacation rental accommodation for travelers | lohono.com | |
| Developer of luxury residential properties | isprava.com | |
| Real estate development of luxury villas in Goa with technology-driven design and community amenities. | thechapter.com |
Business activity
The main business activities of Isprava Vesta are construction and accommodation and food service. In detail, this covers buildings and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Isprava Vesta Private Limited, buy the company report.
Financials of Isprava Vesta Private Limited
FY 2025 filings availableIsprava Vesta Private Limited reported revenue of ₹542.34 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹542.34 Cr ▲ 18%
Net profit · FY 2025
₹19.17 Cr margin 3.5%
EBITDA · FY 2025
₹42.27 Cr margin 7.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 69%
5 years · compounded
▲ 53%
EBITDA CAGR growth
1 year
▼ 26%
3 years · compounded
▲ 81%
5 years · compounded
▲ 50%
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 18% growth in the latest year. EBITDA fell 26% 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 | ₹42.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.17 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 | 7.8% | ||||
| Net Profit Margin | 3.5% | ||||
| 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 Isprava Vesta Private Limited, buy the company report.
Board of directors of Isprava Vesta Private Limited
Isprava Vesta has 9 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nibhrant Darshan Shah Also directs: Liventa Hospitality Private Limited, Isprava Luxury Realty One LLP, Dareous Consulting LLP and 5 more | Managing Director | 14 May 2014 | 12 Years 5 Months | Current |
| Rohan Lamba | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Joseph Raymond Gagnon Also directs: Pragati Warehousing Private Limited, Elevate Campuses Limited, R.J. Warehousing Private Limited and 2 more | Additional Director | 23 Dec 2025 | 0 Years 10 Months | Current |
| Vera Farhad Choksey Also directs: Liventa Hospitality Private Limited | Director | 29 Nov 2022 | 3 Years 11 Months | Current |
| Siddhartha Gupta Also directs: Alta Capital Management LLP, GG Capital Management LLP, Teranova Data Center Private Limited and 5 more | Director | 20 Nov 2025 | 0 Years 11 Months | Current |
| Dhimaan Darshan Shah Also directs: Liventa Hospitality Private Limited, Isprava Luxury Realty One LLP, Dareous Consulting LLP and 5 more | Director | 14 May 2014 | 12 Years 5 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Isprava Vesta 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suraj Estate Developers Limited | ₹553.17 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India | |||
| Katerra India Private Limited | ₹549.01 Cr (FY 2021) | -45.0% | Bangalore, Karnataka, India | |||
| Isprava Vesta Private Limitedthis company | ₹542.34 Cr (FY 2025) | ₹19.17 Cr | 3.5% | 18.0% | 438 | Mumbai, Maharashtra, India |
| Signatureglobal Developers Limited | ₹537.16 Cr (FY 2025) | 212.0% | New Delhi, Delhi, India | |||
| D.S.R. Infrastructure Private Limited | ₹536.48 Cr (FY 2024) | 703.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Isprava Vesta Private Limited, buy the company report.
Auditor
Isprava Vesta Private Limited is audited by M S K A & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2024 | 105047W |
Shareholding
The shareholding of Isprava Vesta Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Isprava Vesta Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.59 Cr
Satisfied charges
₹40.53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jan 2024 | 100861080 | Axis Bank Limited | ₹19.6 Lakh | Open | |
| 06 Nov 2023 | 100814385 | Axis Bank Limited | ₹20 Lakh | Open | |
| 06 Nov 2023 | 100814394 | Axis Bank Limited | ₹37.34 Lakh | Open | |
| 29 May 2023 | 100730478 | Hdfc Bank Limited | ₹32.69 Lakh | Open | |
| 11 Nov 2021 | 100501384 | Others | ₹5 Cr | Open |
To see the full charge records of Isprava Vesta Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Isprava Vesta Private Limited has 16 deals on record (6 funding rounds, 6 secondary share transfers, 3 rights issues), with disclosed funding of ₹124.87 Cr; the latest was in January 2023.
Total deals
16
Funding rounds
6
Secondary share transfers
6
Rights issues
3
Acquisition
1
Disclosed funding
₹124.87 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Funding round | ₹96.28 Cr | Investors: Symphony Luxre Holdings PTE Limited, Allana Investments and Trading Company Private Limited , 2 individuals |
| Mar 2022 | Rights issue | ₹21.46 Cr | Investors: Eudora Ventures LLP , Burman Family Holdings, 2 individuals |
| Jun 2019 | Rights issue | ₹25.57 Cr | Investors: Burman Family Holdings, 3 individuals |
| Apr 2018 | Rights issue | ₹22.49 Cr | Investors: Krupa Trading LLP , Saffron Trading Company LLP , Burman Family Holdings Seller: an individual |
| Feb 2017 | Funding round | ₹11.38 Cr | Investors: Godrej Finance Limited , Kamrup Enterprises Limited , 2 individuals |
To see the full deal history of Isprava Vesta 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
Isprava Vesta Private Limited has 75 court cases on record: 38 filed by Isprava Vesta, 37 filed against it. 4 cases are pending and 71 are disposed.
Total cases
75
Filed by the company
38
Filed against the company
37
Pending
4
Disposed
71
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 47 | 27 | 2 |
| District courts | 27 | 10 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMA) | Filed against the company by M/S Lotus Computer Centre Pvt.Ltd. | Pending |
| Bombay High Court | Appeal | Filed against the company by Isprava Luxury Realty Six LLP Rep. THR. Its Partner Aditya Ranjan Naik | Disposed |
| Bombay High Court | Court case (COMIP) | Filed by the company against Isprava Trading Private Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Isprava Trading Private Limited | Disposed |
| Bombay High Court | Court case (LPETN) | Filed by the company against Isprava Trading Private Limited | Disposed |
To see the full case history of Isprava Vesta 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
Isprava Vesta Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 38 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Farmax Technologies Private Limited | |||
| an individual supplier | |||
| Vishnu International | |||
| Asia Pacific Systems | |||
| Vinmark Industries |
To see the full MSME payment records of Isprava Vesta Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Isprava Vesta has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Casa Quatro Private Limited | U45201MH2015PTC260756 | |
| Casa Cinco India Private Limited | U45209MH2015PTC262148 | |
| Casa Uma Private Limited | U45400MH2014PTC258451 | |
| Isprava Decor Private Limited | U74999MH2020PTC339862 |
To see the full group structure of Isprava Vesta Private Limited, buy the company report.
Employees & EPFO
Isprava Vesta Private Limited has a workforce of 438 employees on its EPFO records as of Dec 11, 2024, across 1 active EPFO establishment.
Employee count
438
Active EPFO establishments
1
Employee growth
148.86%
GST
Isprava Vesta has 17 GST registrations: 14 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
14
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK0376Q2Z3 | Maharashtra | Active | 15 Jul 2017 |
| 27AAACK0376Q3Z2 | Maharashtra | Active | 14 Jun 2018 |
| 27AAACK0376Q4Z1 | Maharashtra | Active | 16 Feb 2024 |
| 30AAACK0376Q1ZH | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Isprava Vesta Private Limited, buy the company report.
Recent activity
Isprava Vesta Private Limited has 19 board changes on record since 1992: 9 appointments and 10 cessations. The latest: Joseph Raymond Gagnon was appointed as Additional Director on 23 Dec 2025.
Charges
A charge registered on 13 Dec 2019 via Charge ID 100319802 with Hdfc Bank Limited was fully satisfied on 18 Mar 2026.
Charges
A charge registered on 14 Nov 2024 via Charge ID 101010862 with Others was fully satisfied on 17 Mar 2026.
Appointed
Joseph Raymond Gagnon was appointed as Additional Director.
Appointed
Siddhartha Gupta was appointed as Director.
AGM
Isprava Vesta Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Isprava Vesta Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 101010862 was registered on 14 Nov 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100861080 was registered on 27 Jan 2024.
Charges
A charge registered on 04 Feb 2023 via Charge ID 100685436 with Hdfc Bank Limited was fully satisfied on 26 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100814385 was registered on 06 Nov 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.37 Cr with Charge ID 100814394 was registered on 06 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.33 Cr with Charge ID 100730478 was registered on 29 May 2023.
34 earlier events are in the company report.
News
Frequently asked questions
Isprava Vesta 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 21 February 1992 (34+ years old) and is registered under CIN U74900MH1992PTC065539.
Isprava Vesta has 9 current directors:
- Nibhrant Darshan Shah - Managing Director
- Rohan Lamba - Director
- Joseph Raymond Gagnon - Additional Director
- Vera Farhad Choksey - Director
- Siddhartha Gupta - Director
- Dhimaan Darshan Shah - Director
- Madhavan Menon Karunakaran - Director
- Nadir Burjor Godrej - Director
- Darshan Ramnik Shah - Director
The latest financial statements of Isprava Vesta 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 Isprava Vesta is 27AAACK0376Q2Z3, registered in Maharashtra. The company has 17 GST registrations in all, of which 14 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACK0376Q3Z2 (Maharashtra), 27AAACK0376Q4Z1 (Maharashtra), 30AAACK0376Q1ZH (Goa).
The CIN (Corporate Identification Number) of Isprava Vesta is U74900MH1992PTC065539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Isprava Vesta has 75 court cases on record: 38 filed by the company and 37 filed against it. 4 are pending. Most are in the high courts.
Isprava Vesta was incorporated on 21 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Isprava Vesta has 16 deals on record (6 funding rounds, 6 secondary share transfers, 3 rights issues), with disclosed funding of ₹124.87 Cr; the latest was in January 2023.
The peers of Isprava Vesta by revenue are Suraj Estate Developers Limited, Katerra India Private Limited, Signatureglobal Developers Limited, D.S.R. Infrastructure Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Joseph Raymond Gagnon was appointed as Additional Director on 23 Dec 2025. Siddhartha Gupta was appointed as Director on 20 Nov 2025. Vera Farhad Choksey was appointed as Director on 29 Nov 2022. Isprava Vesta has 19 board changes on record in total.
Isprava Vesta has 15 MSME Form 1 returns on record between 2019 and 2024, listing 105 overdue payments to 38 micro and small suppliers. The latest return was filed on 13 Jun 2024.
Isprava Vesta can be reached through the website isprava.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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages