About Kanakia Spaces Private Limited
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Kanakia Spaces 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 05 November 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1992PTC069422. Its GSTIN is 27AAACK2629J1ZI (Maharashtra).
The company has an authorised share capital of ₹15.01 Cr and a paid-up capital of ₹12.59 Cr. It was formerly known as Kanakia Constructions Pvt Ltd. It is led by directors Himanshu Babubhai Kanakia and Rasesh Babubhai Kanakia.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹176.28 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹13.24 Cr (net margin 7.5%) and EBITDA of ₹82.79 Cr (EBITDA margin 47%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 6% over five years.
Its group structure includes 7 subsidiaries.
As per MCA filings, the company has open charges of ₹1,876.05 Cr and satisfied charges of ₹3,039.78 Cr on record. Court records list 150 cases involving the company, including 79 filed by the company and 61 filed against it; 27 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in June 2020. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Evie Real Estate Private Limited with revenue of ₹177.69 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kanakia.com.
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- Registered AddressA Wing Ground Floor Vilco Centre, Subhash Road Opp Garware, Mumbai, Maharashtra, India – 400057
- 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
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Financials of Kanakia Spaces Private Limited FY 2024 filings available
Kanakia Spaces Private Limited reported revenue of ₹176.28 Cr (up 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Kanakia Spaces Private Limited
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA fell 9% 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 of Kanakia Spaces 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 | ₹82.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.24 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 of Kanakia Spaces Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Kanakia Spaces 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 Kanakia Spaces Private Limited
Kanakia Spaces 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 |
|---|---|---|---|---|---|---|
| Evie Real Estate Private Limited | ₹177.69 Cr (FY 2025) | •••• | •••• | -90.0% | •••• | Mumbai, Maharashtra, India |
| Beauty Etoile Private Limited | ₹177.54 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Thane, Maharashtra, India |
| Anand Divine Developers Private Limited | ₹176.96 Cr (FY 2025) | •••• | •••• | 803.0% | •••• | New Delhi, Delhi, India |
| Bengal Shriram Hitech City Private Limited | ₹176.79 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Bengaluru, Karnataka, India |
| Ananya Shelters Private Limited | ₹176.67 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kanakia Spaces Private Limited this company | ₹176.28 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Taximens Services Limited | ₹176.26 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Purva Good Earth Properties Private Limited | ₹176.14 Cr (FY 2025) | •••• | •••• | 707.0% | •••• | Bangalore, Karnataka, India |
| DLF IT Offices Chennai Private Limited | ₹176.08 Cr (FY 2024) | •••• | •••• | 10860.0% | •••• | Gurgaon, Haryana, India |
| Shivalik Ventures Private Limited | ₹175.93 Cr (FY 2025) | •••• | •••• | 412.0% | •••• | Mumbai, Maharashtra, India |
| Aps Builders Private Limited. | ₹175.64 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Kanakia Spaces 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 Kanakia Spaces Private Limited
Kanakia Spaces Private Limited is audited by M/s. Y. R. RAJGURU & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s. Y. R. RAJGURU & 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 Kanakia Spaces Private Limited
Kanakia Spaces has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Babubhai Kanakia Also directs: Kanakia Vihang Construction LLP, Kanvi Construction LLP, Kanakia Cafe La Casa LLP and 5 more | Director | 25 Nov 1994 | 31 Years 10 Months | Current |
| Rasesh Babubhai Kanakia Also directs: Kanakia Vihang Construction LLP, Kanvi Construction LLP, Kanakia Cafe La Casa LLP and 5 more | Director | 25 Nov 1994 | 31 Years 10 Months | Current |
Ownership and Shareholding of Kanakia Spaces 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 Kanakia Spaces Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Mar 2025 | Others | ₹410 Cr | Open |
| 20 Jun 2022 | Idbi Trusteeship Services Limited | ₹237 Cr | Open |
| 21 Apr 2015 | Housing Development Finance Corporation Limited | ₹940 Cr | Open |
| 30 Jan 2015 | Bank of Baroda | ₹3.51 Cr | Open |
| 20 Jun 2014 | Icici Bank Limited | ₹175 Cr | Open |
Total charge records: 73 View all charges
Deals & Funding of Kanakia Spaces Private Limited
Kanakia Spaces Private Limited has 3 deals on record (3 secondary share transfers); the latest was in June 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2020 | Secondary share transfer | Undisclosed | Buyer: Rupal Kanakia Trust, Vrutant Benefit Trust, Hiral Kanakia Trust Seller: 4 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Vrusti Benefit Trust, Ashish Benefit Trust, Niyati Benefit Trust Seller: 2 individuals |
| Oct 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Kanakia Spaces Private Limited
Kanakia Spaces Private Limited has 150 court cases on record: 79 filed by Kanakia Spaces, 61 filed against it, 10 where it is another party. 27 cases are pending and 123 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 95 | 23 | 10 |
| District courts | 53 | 37 | 17 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Strawberry Constructions Private Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Strawberry Constructions Private Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Seven Eleven Construction Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Club Concierge Services (India) Private Limited | Disposed |
| High Court of Delhi | Court case (CO.APP.) | Filed against the company by Pci Limited | Disposed |
Full case history
All 150 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 Kanakia Spaces Private Limited
Kanakia Spaces Private Limited has a workforce of 0 employees as of Nov 06, 2024.
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.
Group Structure of Kanakia Spaces Private Limited
Kanakia Spaces has 7 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Kanakia Gruhnirman Private Limited | U45200MH1995PTC089789 | Locked |
| Ashish Land & Property Developers Private Limited | U45200MH2007PTC168470 | Locked |
| Periwinkle Constructions Private Limited | U45202MH2010PTC201416 | Locked |
| Kanakia Black Pearl Construction Private Limited | U45400MH2010PTC209381 | Locked |
| Sarang Property Developers Private Limited | U51900MH1999PTC122297 | Locked |
| Kanakia Hotels & Resorts Private Limited | U55206MH2007PTC168670 | Locked |
Showing major subsidiaries. Total: 7.
Recent Activity on Kanakia Spaces Private Limited
Kanakia Spaces Private Limited has 7 board changes on record since 1994: 2 appointments and 5 cessations. The latest: Asha Hemant Shah ceased to be Director on 01 Nov 2021.
140 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kanakia Spaces 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 Kanakia Spaces 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 Kanakia Spaces 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 Kanakia Spaces Private Limited
Kanakia Spaces has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK2629J1ZI | Maharashtra | Active | 01 Jul 2017 |
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 Kanakia Spaces 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.
Related news about Kanakia Spaces Private Limited
Frequently Asked Questions about Kanakia Spaces Private Limited
Kanakia Spaces 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 05 November 1992 (34+ years old) and is registered under CIN U45200MH1992PTC069422.
Kanakia Spaces reported revenue of ₹176.28 Cr for FY 2024 (up 5% YoY).
Kanakia Spaces has 2 current directors:
- Himanshu Babubhai Kanakia - Director
- Rasesh Babubhai Kanakia - Director
Kanakia Spaces reported a net profit of ₹13.24 Cr (net margin 7.5%) and EBITDA of ₹82.79 Cr (EBITDA margin 47%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kanakia Spaces is 26% over three years and -6% over five years. In the latest year (FY 2024) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kanakia Spaces is 27AAACK2629J1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kanakia Spaces is U45200MH1992PTC069422. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanakia Spaces has 150 court cases on record: 79 filed by the company and 61 filed against it. 27 are pending. Most are in the high courts.
Kanakia Spaces was incorporated on 05 November 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Kanakia Spaces has 3 deals on record (3 secondary share transfers); the latest was in June 2020.
The peers of Kanakia Spaces by revenue are Evie Real Estate Private Limited, Beauty Etoile Private Limited, Anand Divine Developers Private Limited, Bengal Shriram Hitech City Private Limited, Ananya Shelters Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).