About Avishkar Infra Realty Limited
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Avishkar Infra Realty Limited is a public 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 20 October 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65910MH1983PLC031230. Its GSTIN is 27AAACM7658R1ZL (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (508929) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹22.4 Cr. It was formerly known as Joy Reality Limited and Madhusudan Leasing and Finance Limited. It is led by directors including Kapil Jeetendra Kothari (Managing Director) and Reeya Dilip Kothari.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.62 Cr. For the same year it recorded a net profit of ₹4.2 Cr (net margin 116%) and EBITDA of ₹4.05 Cr (EBITDA margin 111.8%). Revenue has grown at a compounded annual rate (CAGR) of 97% over three years and 57% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh and satisfied charges of ₹29.89 Cr on record. Court records list 67 cases involving the company, including 48 filed by the company and 19 filed against it; 4 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 joyrealty.in.
Company details
Name history
Avishkar Infra Realty has undergone 2 name changes throughout its history. The company was previously known as Joy Reality Limited, and Madhusudan Leasing And Finance Limited. The current legal name is Avishkar Infra Realty Limited.
| Company Name | Status |
|---|---|
| Avishkar Infra Realty Limited | Current |
| Joy Reality Limited | Previous |
| Madhusudan Leasing And Finance Limited | Previous |
Contact details
Avishkar Infra Realty Limited's registered office is in Mumbai, Maharashtra. Its website is joyrealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 301 Nestor Court Adj To Vinayak Chs Baji, Prabhu Deshpande Marg Pond Gavthan Vile Parle (W), Mumbai, Maharashtra, India – 400056
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Avishkar Infra Realty 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
Financials of Avishkar Infra Realty Limited
FY 2025 filings availableAvishkar Infra Realty Limited reported revenue of ₹3.62 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 57% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹4.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.2 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 111.8% | ||||
| Net Profit Margin | 116% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avishkar Infra Realty Limited, buy the company report.
Board of directors of Avishkar Infra Realty Limited
Avishkar Infra Realty has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reeya Dilip Kothari | Director | 08 Sep 2023 | 3 Years 1 Months | Current |
| Prashil Sanjay Shah Also directs: Akalpya Capital Advisors LLP | Director | 30 Jun 2025 | 1 Years 4 Months | Current |
| Bikash Tarafdar Also directs: Noble Polymers Limited, Pulsar International Limited | Director | 30 Jun 2025 | 1 Years 4 Months | Current |
| Kapil Jeetendra Kothari Also directs: Asc Power Private Limited | Managing Director | 03 Aug 2023 | 3 Years 2 Months | Current |
| Poojan Keyurbhai Mehta | Director | 03 Aug 2023 | 3 Years 2 Months | Current |
| Pritesh Champaklal Haria | Director | 17 Jan 2006 | 20 Years 9 Months | Current |
Peer comparison
Avishkar Infra Realty Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| VR Infraventures Private Limited | ₹3.62 Cr (FY 2024) | 47.0% | Hyderabad, Telangana, India | |||
| Hounslow Builders Private Limited | ₹3.62 Cr (FY 2019) | -12.0% | New Delhi, Delhi, India | |||
| Avishkar Infra Realty Limitedthis company | ₹3.62 Cr (FY 2025) | ₹4.2 Cr | 116% | 1 | Mumbai, Maharashtra, India | |
| Shree Radhey Krishan Dham Estate Private Limited | ₹3.62 Cr (FY 2024) | 241.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Avishkar Infra Realty Limited, buy the company report.
Auditor
Avishkar Infra Realty Limited is audited by S D PM & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S D PM & CO | FY 2024 | 126741W |
Shareholding
The shareholding of Avishkar Infra Realty 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 Avishkar Infra Realty Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 1994 | 90239983 | Canara Bank | ₹50 Lakh | Open | |
| 22 Sep 2017 | 100132595 | Others | ₹11 Cr | Satisfied | |
| 08 May 2015 | 10570262 | Aditya Birla Finance Limited | ₹15 Cr | Satisfied | |
| 10 Aug 2012 | 10372205 | Edelweiss Housing Finance Limited | ₹17.19 Lakh | Satisfied | |
| 30 Jan 1996 | 90240179 | Indian Overseas Bank | ₹17 Lakh | Satisfied |
To see the full charge records of Avishkar Infra Realty Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Avishkar Infra Realty Limited has 67 court cases on record: 48 filed by Avishkar Infra Realty, 19 filed against it. 4 cases are pending and 63 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 53 | 9 | 2 |
| High courts | 14 | 10 | 2 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Paradyne Info Services Pvt. Ltd. and 2 others | Pending |
| Bombay High Court | Court case (REVN) | Filed against the company by Peacock Industries Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Nayagara Paper Products India Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by MSRS. Peacock Industries Ltd. and Anr. | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Peacock Industries Ltd and Anr | Disposed |
To see the full case history of Avishkar Infra Realty 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
Avishkar Infra Realty Limited has 17 MSME Form 1 returns on record between 2018 and 2019, listing 30 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cqra Private Limited | |||
| Desai Haribhakti Consulting Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Avishkar Infra Realty Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Avishkar Infra Realty Limited has a workforce of 1 employees on its EPFO records as of Apr 10, 2025, across 1 active EPFO establishment.
GST
Avishkar Infra Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7658R1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Avishkar Infra Realty Limited, buy the company report.
Recent activity
Avishkar Infra Realty Limited has 25 board changes on record since 2005: 15 appointments and 10 cessations. The latest: Bikash Tarafdar was appointed as Director on 30 Jun 2025.
37 earlier events are in the company report.
Frequently asked questions
Avishkar Infra Realty is an active public 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 20 October 1983 (43+ years old) and is registered under CIN L65910MH1983PLC031230.
Avishkar Infra Realty has 6 current directors:
- Kapil Jeetendra Kothari - Managing Director
- Reeya Dilip Kothari - Director
- Prashil Sanjay Shah - Director
- Bikash Tarafdar - Director
- Poojan Keyurbhai Mehta - Director
- Pritesh Champaklal Haria - Director
The latest financial statements of Avishkar Infra Realty on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avishkar Infra Realty is 27AAACM7658R1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avishkar Infra Realty is L65910MH1983PLC031230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avishkar Infra Realty is recorded as a listed company by MCA, but trading in its shares on BSE (508929) has been suspended, so they do not currently trade on a stock exchange.
Avishkar Infra Realty has 67 court cases on record: 48 filed by the company and 19 filed against it. 4 are pending. Most are in the district courts.
Avishkar Infra Realty was incorporated on 20 October 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Avishkar Infra Realty by revenue are VR Infraventures Private Limited, Hounslow Builders Private Limited, Shree Radhey Krishan Dham Estate Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Bikash Tarafdar was appointed as Director on 30 Jun 2025. Prashil Sanjay Shah was appointed as Director on 30 Jun 2025. Bhavin Jayant Soni ceased to be Managing Director on 12 Jan 2024. Avishkar Infra Realty has 25 board changes on record in total.
Avishkar Infra Realty has 17 MSME Form 1 returns on record between 2018 and 2019, listing 30 overdue payments to 3 micro and small suppliers. The latest return was filed on 17 Nov 2019.
Avishkar Infra Realty can be reached through the website joyrealty.in. Its registered office is in Mumbai, Maharashtra, India.
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