India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,673 Rasesh Kanakia ₹1,100 Cr
- #1,673 Himanshu Kanakia ₹1,100 Cr
Revenue · FY 2024
₹176.28 Cr
▲ 5% YoY
Net profit · FY 2024
₹13.24 Cr
Net margin 7.5%
EBITDA · FY 2024
₹82.79 Cr
EBITDA margin 47%
Authorised capital
₹15.01 Cr
Registered with MCA
Paid-up capital
₹12.59 Cr
Issued & subscribed
Open charges
₹1,876.05 Cr
Satisfied ₹3,039.78 Cr
Company age
34 yrs
Est. 1992
Directors on board
2
As per MCA filings
About Kanakia Spaces Private Limited
Data last updated:
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.
Its director Rasesh Kanakia is #1,673 among India's richest people (2026). Its director Himanshu Kanakia is #1,673 among India's richest people (2026).
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 151 cases involving the company, including 79 filed by the company and 72 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 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 2 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.
Company details
CIN U45200MH1992PTC069422
Registration Number 069422
Incorporation Date 05 November 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Recognitions & Rankings of Kanakia Spaces
Contact details
Kanakia Spaces Private Limited's registered office is in Mumbai, Maharashtra. Its website is kanakia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA Wing Ground Floor Vilco Centre, Subhash Road Opp Garware, Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Kanakia Spaces Private Limited, buy the company report.
Comprehensive company report
Kanakia Spaces 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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Financials of Kanakia Spaces Private Limited
FY 2024 filings availableKanakia Spaces Private Limited reported revenue of ₹176.28 Cr (up 5% YoY) for FY 2024.
Revenue · FY 2024
₹176.28 Cr ▲ 5%
Net profit · FY 2024
₹13.24 Cr margin 7.5%
EBITDA · FY 2024
₹82.79 Cr margin 47%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 26%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▲ 38%
5 years · compounded
▼ 5%
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹82.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.24 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| 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) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Kanakia Spaces Private Limited, buy the company report.
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.
Current Directors
| 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 11 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 11 Months | Current |
Peer comparison
Kanakia Spaces Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| 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 Limitedthis company | ₹176.28 Cr (FY 2024) | ₹13.24 Cr | 7.5% | 5.0% | Mumbai, Maharashtra, India | |
| Purva Good Earth Properties Private Limited | ₹176.14 Cr (FY 2025) | 707.0% | Bangalore, Karnataka, India | |||
| Shivalik Ventures Private Limited | ₹175.93 Cr (FY 2025) | 412.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kanakia Spaces Private Limited, buy the company report.
Auditor
Kanakia Spaces Private Limited is audited by M/s. Y. R. RAJGURU & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Y. R. RAJGURU & CO. | FY 2023 | 108442W |
Shareholding
The shareholding of Kanakia Spaces Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kanakia Spaces Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,876.05 Cr
Satisfied charges
₹3,039.78 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101075682 | Others | ₹410 Cr | Open | |
| 20 Jun 2022 | 100592759 | Idbi Trusteeship Services Limited | ₹237 Cr | Open | |
| 21 Apr 2015 | 10566623 | Housing Development Finance Corporation Limited | ₹940 Cr | Open | |
| 30 Jan 2015 | 10550634 | Bank of Baroda | ₹3.51 Cr | Open | |
| 20 Jun 2014 | 10509041 | Icici Bank Limited | ₹175 Cr | Open |
To see the full charge records of Kanakia Spaces Private Limited, buy the company report.
Total charge records: 73 View all charges
Deals & funding
Kanakia Spaces Private Limited has 3 deals on record (3 secondary share transfers); the latest was in June 2020.
Total deals
3
Secondary share transfers
3
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kanakia Spaces Private Limited has 151 court cases on record: 79 filed by Kanakia Spaces, 72 filed against it. 27 cases are pending and 124 are disposed.
Total cases
151
Filed by the company
79
Filed against the company
72
Pending
27
Disposed
124
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 95 | 31 | 10 |
| District courts | 54 | 40 | 17 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 151)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Strawberry Constructions Pvt. Ltd. | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Strawberry Constructions Pvt. Ltd. and 6 and 6 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Ms Parikrama Realtors Pvt Ltd and 12 others | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Seven Eleven Construction Pvt Ltd Through Its Director Mr Sanjay Sakharam Surve | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Mumbai International Airport Limited | Disposed |
To see the full case history of Kanakia Spaces 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 Kanakia Spaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
7
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kanakia Gruhnirman Private Limited | U45200MH1995PTC089789 | |
| Ashish Land & Property Developers Private Limited | U45200MH2007PTC168470 | |
| Periwinkle Constructions Private Limited | U45202MH2010PTC201416 | |
| Kanakia Black Pearl Construction Private Limited | U45400MH2010PTC209381 | |
| Sarang Property Developers Private Limited | U51900MH1999PTC122297 | |
| Kanakia Hotels & Resorts Private Limited | U55206MH2007PTC168670 |
To see the full group structure of Kanakia Spaces Private Limited, buy the company report.
Employees & EPFO
Kanakia Spaces Private Limited has 1 active EPFO establishment as of Nov 06, 2024.
Active EPFO establishments
1
GST
Kanakia Spaces has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK2629J1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kanakia Spaces Private Limited, buy the company report.
Recent activity
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.
Charges
A charge with Others amounted to Rs. 410.00 Cr with Charge ID 101075682 was registered on 28 Mar 2025.
AGM
Kanakia Spaces Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 12 Sep 2022 via Charge ID 100609831 with Idbi Trusteeship Services Limited was fully satisfied on 08 May 2024.
Charges
A charge registered on 27 Mar 2017 via Charge ID 100090114 with Others was fully satisfied on 08 May 2024.
Filing
Kanakia Spaces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 118.40 Cr with Charge ID 100609831 was registered on 12 Sep 2022.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 237.00 Cr with Charge ID 100592759 was registered on 20 Jun 2022.
Charges
A charge registered on 22 Dec 2016 via Charge ID 100071280 with Others was fully satisfied on 29 Mar 2022.
Charges
A charge registered on 30 Jan 2016 via Charge ID 100019530 with Others was fully satisfied on 29 Mar 2022.
Charges
A charge registered on 30 Jan 2016 via Charge ID 100019532 with Others was fully satisfied on 29 Mar 2022.
Charges
A charge registered on 30 Jan 2016 via Charge ID 100020369 with Others was fully satisfied on 29 Mar 2022.
Ceased
Asha Hemant Shah ceased to be Director.
140 earlier events are in the company report.
News
Frequently asked questions
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 has 2 current directors:
- Himanshu Babubhai Kanakia - Director
- Rasesh Babubhai Kanakia - Director
The latest financial statements of Kanakia Spaces on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 151 court cases on record: 79 filed by the company and 72 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, Bengal Shriram Hitech City Private Limited, Ananya Shelters Private Limited, Purva Good Earth Properties Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Asha Hemant Shah ceased to be Director on 01 Nov 2021. Ashish Rasesh Kanakia ceased to be Director on 24 Jan 2019. Sanjay Harkisandas Sanghvi ceased to be Director on 15 Sep 2017. Kanakia Spaces has 7 board changes on record in total.
Kanakia Spaces can be reached through the website kanakia.com. Its registered office is in Mumbai, Maharashtra, India.