About Ivory Properties and Hotels Private Limited
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Ivory Properties and Hotels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 18 February 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1982PTC026374. Its GSTIN is 27AAACI1217L1ZQ (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹280 Cr and a paid-up capital of ₹137.52 Cr. It is led by directors including Neel Chandru Raheja and Ravi Chandru Raheja.
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 Plot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.8 Cr, a growth of 89% compared to the previous year. For the same year it recorded a net profit of ₹7.6 Cr (net margin 9.9%) and EBITDA of ₹66.22 Cr (EBITDA margin 86.2%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 17% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹96.06 Cr and satisfied charges of ₹1,949.08 Cr on record. Court records list 57 cases involving the company, including 22 filed by the company and 35 filed against it; 17 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krahejacorp.com.
Company details
Contact details
Ivory Properties and Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its website is krahejacorp.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressPlot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Ivory Properties and Hotels Private Limited, 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
Business activity
The main business activities of Ivory Properties and Hotels are real estate activities and financial and insurance activities. In detail, this covers real estate activities and activities auxiliary to financial service and insurance activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities | |
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Ivory Properties and Hotels Private Limited, buy the company report.
Financials of Ivory Properties and Hotels Private Limited
FY 2025 filings availableIvory Properties and Hotels Private Limited reported revenue of ₹76.8 Cr (up 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 89% growth in the latest year. EBITDA rose 96% 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 |
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| EBITDA | ₹66.22 Cr | ||||
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| Net Profit (PAT) | ₹7.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 86.2% | ||||
| Net Profit Margin | 9.9% | ||||
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To see the full financial statements and ratios of Ivory Properties and Hotels Private Limited, buy the company report.
Board of directors of Ivory Properties and Hotels Private Limited
Ivory Properties and Hotels has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neel Chandru Raheja | Director | 01 Sep 1994 | 32 Years 1 Months | Current |
| Ravi Chandru Raheja | Director | 12 Dec 1996 | 29 Years 10 Months | Current |
| Sunil Madhav Hingorani Also directs: K Raheja Corp Real Estate Private Limited, K.Raheja Private Limited, Inorbit Malls (India) Private Limited and 5 more | Director | 25 Mar 2015 | 11 Years 7 Months | Current |
| Ramesh Mohanlal Valecha Also directs: K Raheja Corp Private Limited, Genext Hardware & Parks Private Limited, Touchstone Properties and Hotels Private Limited and 3 more | Director | 19 Jul 2011 | 15 Years 3 Months | Current |
Auditor
Ivory Properties and Hotels Private Limited is audited by KAPADIA ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAPADIA ASSOCIATES | FY 2022 | 112711W |
Shareholding
The shareholding of Ivory Properties and Hotels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ivory Properties and Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2021 | 100450079 | Axis Bank Limited | ₹4.25 Lakh | Open | |
| 20 May 2021 | 100450081 | Axis Bank Limited | ₹4.25 Lakh | Open | |
| 22 May 2013 | 10429012 | Others | ₹72.97 Cr | Open | |
| 23 Jan 2001 | 90188829 | Uti Bank Ltd. | ₹5.5 Cr | Open | |
| 31 Oct 1989 | 80054440 | Housing Development Finance Corporation Limied | ₹17.5 Cr | Open |
To see the full charge records of Ivory Properties and Hotels Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Ivory Properties and Hotels Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Palm Shelter Estate Development LLP , Anbee Constructions LLP , an individual Seller: Casa Maria Properties LLP , Raghukool Estate Developement LLP , Cape Trading LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ivory Properties and Hotels Private Limited has 57 court cases on record: 22 filed by Ivory Properties and Hotels, 35 filed against it. 17 cases are pending and 40 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 28 | 11 |
| District courts | 6 | 5 | 3 |
| Supreme Court | 6 | 2 | 3 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed by the company against District Deputy Registrar Co Operative Mumbai City (4) Competent Authority and 17 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Liberty Oil Mills Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Casa Maria Properties Pvt Ltd and 3 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Liberty Oil Mills Ltd. | Pending |
| Bombay High Court | Criminal complaint | Filed by the company against S.A.M. Properties Pvt. Ltd. and 15 others | Pending |
To see the full case history of Ivory Properties and Hotels 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 Ivory Properties and Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ivory Properties and Hotels has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Ivory Properties and Hotels Private Limited has a workforce of 2 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Ivory Properties and Hotels has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI1217L1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACI1217L2ZP | Maharashtra | Active | 25 Jan 2018 |
| 29AAACI1217L1ZM | Karnataka | Active | 25 Aug 2017 |
To see the full GST registrations and return filing status of Ivory Properties and Hotels Private Limited, buy the company report.
Recent activity
Ivory Properties and Hotels Private Limited has 7 board changes on record since 1994: 4 appointments and 3 cessations. The latest: Chandru Lachmandas Raheja ceased to be Director on 20 Mar 2018.
35 earlier events are in the company report.
News
Frequently asked questions
Ivory Properties and Hotels is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 18 February 1982 (44+ years old) and is registered under CIN U70100MH1982PTC026374.
Ivory Properties and Hotels has 4 current directors:
- Neel Chandru Raheja - Director
- Ravi Chandru Raheja - Director
- Sunil Madhav Hingorani - Director
- Ramesh Mohanlal Valecha - Director
The latest financial statements of Ivory Properties and Hotels 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 Ivory Properties and Hotels is 27AAACI1217L1ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACI1217L2ZP (Maharashtra), 29AAACI1217L1ZM (Karnataka).
The CIN (Corporate Identification Number) of Ivory Properties and Hotels is U70100MH1982PTC026374. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ivory Properties and Hotels has 57 court cases on record: 22 filed by the company and 35 filed against it. 17 are pending. Most are in the high courts.
Ivory Properties and Hotels was incorporated on 18 February 1982, making it 44+ years old. It is registered with the Registrar of Companies, Mumbai.
Ivory Properties and Hotels has 2 deals on record (2 secondary share transfers); the latest was in March 2018.
Chandru Lachmandas Raheja ceased to be Director on 20 Mar 2018. Sunil Madhav Hingorani ceased to be Additional Director on 28 Sep 2015. Sunil Madhav Hingorani was appointed as Director on 25 Mar 2015. Ivory Properties and Hotels has 7 board changes on record in total.
Ivory Properties and Hotels can be reached through the website krahejacorp.com. Its registered office is in Mumbai, Maharashtra, India.