India's Richest People 2026 edition · 1 director · Source: Hurun India
- #793 Ravi Appasamy & family ₹3,900 Cr
Revenue · FY 2025
₹192.86 Cr
▲ 45% YoY
Net profit · FY 2025
₹7.63 Cr
Net margin 4%
EBITDA · FY 2025
₹12.41 Cr
EBITDA margin 6.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹4.75 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
3
As per MCA filings
About Ivar Estates Private Limited
Data last updated:
Ivar Estates Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 November 2021 and has been in existence for over 5 years.
Its director Ravi Appasamy and family are #793 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70105TN2021PTC148012. Its GSTIN is 33AAGCI4159M1ZA (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Ravi Appasamy and Ritika Ravi Appaswamy.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3 Mangesh Street T Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2025, the company reported a revenue of ₹192.86 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹7.63 Cr (net margin 4%) and EBITDA of ₹12.41 Cr (EBITDA margin 6.4%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years.
As per MCA filings, the company has open charges of ₹4.75 Cr on record. Court records list 5 cases involving the company, including 4 filed by the company and 1 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 appaswamy.com.
Company details
CIN U70105TN2021PTC148012
Registration Number 148012
Incorporation Date 18 November 2021
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Ivar Estates
Contact details
Ivar Estates Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Social Media
- Registered Address3 Mangesh Street T Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ivar Estates Private Limited, buy the company report.
Comprehensive company report
Ivar Estates 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
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Business activity
The main business activity of Ivar Estates is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Ivar Estates Private Limited, buy the company report.
Financials of Ivar Estates Private Limited
FY 2025 filings availableIvar Estates Private Limited reported revenue of ₹192.86 Cr (up 45% YoY) for FY 2025.
Revenue · FY 2025
₹192.86 Cr ▲ 45%
Net profit · FY 2025
₹7.63 Cr margin 4%
EBITDA · FY 2025
₹12.41 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▼ 25%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 49%
Revenue rose 45% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 25%. EBITDA fell 48% 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 |
|---|---|---|---|---|
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| Total Expenses | ||||
| EBITDA | ₹12.41 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹7.63 Cr | |||
| Balance Sheet | ||||
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| Reserves and Surplus | ||||
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| Long-term Borrowings | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 6.4% | |||
| Net Profit Margin | 4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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| Current Ratio | ||||
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To see the full financial statements and ratios of Ivar Estates Private Limited, buy the company report.
Board of directors of Ivar Estates Private Limited
Ivar Estates has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Appasamy Also directs: RKR Hotels Private Limited, Sas Housing and Infrastructure Limited, Ambattur Apparels Private Limited and 5 more | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
| Ritika Ravi Appaswamy | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
| Rohit Ravi Also directs: RKR Hotels Private Limited, Sas Housing and Infrastructure Limited, Ambattur Apparels Private Limited and 5 more | Director | 18 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Ivar Estates 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 |
|---|---|---|---|---|---|---|
| Seven Eleven Construction Private Limited | ₹193.05 Cr (FY 2024) | -47.0% | Thane, Maharashtra, India | |||
| Ivar Estates Private Limitedthis company | ₹192.86 Cr (FY 2025) | ₹7.63 Cr | 4% | 45.0% | Chennai, Tamil Nadu, India | |
| Lancor Holdings Limited | ₹192.15 Cr (FY 2025) | 38.0% | Chennai, Tamil Nadu, India | |||
| Sai Sravanthi Infra Projects Private Limited | ₹192.07 Cr (FY 2025) | 97.0% | Hyderabad, Telangana, India | |||
| Kalpataru Homes Private Limited | ₹191.94 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ivar Estates Private Limited, buy the company report.
Auditor
Ivar Estates Private Limited is audited by RAO & SANTOSH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & SANTOSH | FY 2023 | 9120S |
Shareholding
The shareholding of Ivar Estates Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ivar Estates Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.75 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Aug 2022 | 100603664 | Others | ₹4.75 Cr | Open |
To see the full charge records of Ivar Estates Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Ivar Estates Private Limited has 5 court cases on record: 4 filed by Ivar Estates, 1 filed against it. 3 cases are pending and 2 are disposed.
Total cases
5
Filed by the company
4
Filed against the company
1
Pending
3
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 3 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company | Pending |
| Madras High Court | Writ petition | Filed by the company against State of Tamil Nadu | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against State of Tamil Nadu | Pending |
| Madras High Court | Writ petition | Filed by the company against State of Tamil Nadu, | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against State of Tamil Nadu, | Disposed |
To see the full case history of Ivar Estates 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 Ivar Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ivar Estates Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
Active EPFO establishments
1
GST
Ivar Estates has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCI4159M1ZA | Tamil Nadu | Active | 12 May 2022 |
To see the full GST registrations and return filing status of Ivar Estates Private Limited, buy the company report.
Recent activity
Ivar Estates Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Ravi Appasamy was appointed as Director on 18 Nov 2021.
AGM
Ivar Estates Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Ivar Estates Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others of Rs. 4.75 Cr registered on 10 Aug 2022 with Charge ID 100603664 was modified on 10 Feb 2023.
Charges
A charge with Others amounted to Rs. 4.75 Cr with Charge ID 100603664 was registered on 10 Aug 2022.
Appointed
Ravi Appasamy was appointed as Director.
Appointed
Ritika Ravi Appaswamy was appointed as Director.
Appointed
Rohit Ravi was appointed as Director.
Incorporation
18 Nov 2021
Ivar Estates Private Limited was registered on 18 Nov 2021 with Roc Chennai & aged 4 years 11 months as per MCA records.
Frequently asked questions
Ivar Estates is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 November 2021 (5+ years old) and is registered under CIN U70105TN2021PTC148012.
Ivar Estates has 3 current directors:
- Ravi Appasamy - Director
- Ritika Ravi Appaswamy - Director
- Rohit Ravi - Director
The latest financial statements of Ivar Estates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Ivar Estates is 33AAGCI4159M1ZA, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Ivar Estates is U70105TN2021PTC148012. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivar Estates has 5 court cases on record: 4 filed by the company and 1 filed against it. 3 are pending.
Ivar Estates was incorporated on 18 November 2021, making it 5+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Ivar Estates by revenue are Seven Eleven Construction Private Limited, Lancor Holdings Limited, Sai Sravanthi Infra Projects Private Limited, Kalpataru Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ravi Appasamy was appointed as Director on 18 Nov 2021. Ritika Ravi Appaswamy was appointed as Director on 18 Nov 2021. Rohit Ravi was appointed as Director on 18 Nov 2021.
Ivar Estates can be reached through the website appaswamy.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Ivar Estates is at 3 Mangesh Street T Nagar, Chennai, Tamil Nadu, India – 600017.