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
₹1,252.29 Cr
▲ 95% YoY
Net profit · FY 2024
₹131.98 Cr
Net margin 10.5%
EBITDA · FY 2024
₹302.31 Cr
EBITDA margin 24.1%
Authorised capital
₹107.53 Cr
Registered with MCA
Paid-up capital
₹47.12 Cr
Issued & subscribed
Open charges
₹3,891.59 Cr
Satisfied ₹9,000.19 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
112
Provident fund records
About Kanakia Spaces Realty Private Limited
Data last updated:
Kanakia Spaces Realty 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 14 June 2004 and has been in existence for over 22 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 U45201MH2004PTC146948. Its GSTIN is 27AACCC4199F1ZK (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹107.53 Cr and a paid-up capital of ₹47.12 Cr. It was formerly known as Centaur Mercantile Private Limited and Kanakia Spaces Realtors Private Limited. It is led by directors Himanshu Babubhai Kanakia (Whole-Time Director) and Rasesh Babubhai Kanakia (Whole-Time Director).
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 ₹1,252.29 Cr, a growth of 95% compared to the previous year. For the same year it recorded a net profit of ₹131.98 Cr (net margin 10.5%) and EBITDA of ₹302.31 Cr (EBITDA margin 24.1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 2% over five years.
The company has about 112 employees on its provident fund (EPFO) records. Its group structure includes 19 subsidiaries.
The company is associated with 2 brands: Freevocal and Kanakia. As per MCA filings, the company has open charges of ₹3,891.59 Cr and satisfied charges of ₹9,000.19 Cr on record. Court records list 122 cases involving the company, including 50 filed by the company and 73 filed against it; 48 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 kanakia.com.
Company details
CIN U45201MH2004PTC146948
Registration Number 146948
Incorporation Date 14 June 2004
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
Name history
Kanakia Spaces Realty has undergone 2 name changes throughout its history. The company was previously known as Centaur Mercantile Private Limited, and Kanakia Spaces Realtors Private Limited. The current legal name is Kanakia Spaces Realty Private Limited.
| Company Name | Status |
|---|---|
| Kanakia Spaces Realty Private Limited | Current |
| Centaur Mercantile Private Limited | Previous |
| Kanakia Spaces Realtors Private Limited | Previous |
CIN history
Kanakia Spaces Realty has one previous CIN (Corporate Identification Number): U51909MH2004PTC146948. The current CIN is U45201MH2004PTC146948, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH2004PTC146948 | Current |
| U51909MH2004PTC146948 | Previous |
Key People
Himanshu Babubhai Kanakia Whole-Time Director Rasesh Babubhai Kanakia Whole-Time Director Recognitions & Rankings of Kanakia Spaces Realty
Contact details
Kanakia Spaces Realty 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 Rd Opp Garware, Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Kanakia Spaces Realty Private Limited, buy the company report.
Comprehensive company report
Kanakia Spaces Realty 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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Secure checkout · GST invoice included
Brands
Kanakia Spaces Realty operates two associated brands: freevocal and Kanakia. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers customized software, CRM, and eCommerce services to businesses worldwide. | freevocal.com | |
| Real estate, hospitality and entertainment group company | kanakia.com |
Business activity
The main business activity of Kanakia Spaces Realty is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Kanakia Spaces Realty Private Limited, buy the company report.
Financials of Kanakia Spaces Realty Private Limited
FY 2024 filings availableKanakia Spaces Realty Private Limited reported revenue of ₹1,252.29 Cr (up 95% YoY) for FY 2024.
Revenue · FY 2024
₹1,252.29 Cr ▲ 95%
Net profit · FY 2024
₹131.98 Cr margin 10.5%
EBITDA · FY 2024
₹302.31 Cr margin 24.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 16%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 245%
3 years · compounded
▲ 1%
5 years · compounded
▲ 2%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 95% growth in the latest year. EBITDA rose 245% 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 | ₹302.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹131.98 Cr | ||||
| Balance Sheet | |||||
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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 | 24.1% | ||||
| Net Profit Margin | 10.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kanakia Spaces Realty Private Limited, buy the company report.
Board of directors of Kanakia Spaces Realty Private Limited
Kanakia Spaces Realty has 2 current directors and 9 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 | Whole-Time Director | 21 Nov 2007 | 18 Years 11 Months | Current |
| Rasesh Babubhai Kanakia Also directs: Kanakia Vihang Construction LLP, Kanvi Construction LLP, Kanakia Cafe La Casa LLP and 5 more | Whole-Time Director | 21 Nov 2007 | 18 Years 11 Months | Current |
Peer comparison
Kanakia Spaces Realty Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aqua Space Developers Private Limited | ₹1,307.4 Cr (FY 2025) | 22.0% | Hyderabad, Telangana, India | |||
| Ashdan Township Ventures Private Limited | ₹1,285.38 Cr (FY 2024) | -33.0% | Pune, Maharashtra, India | |||
| Kanakia Spaces Realty Private Limitedthis company | ₹1,252.29 Cr (FY 2024) | ₹131.98 Cr | 10.5% | 95.0% | 112 | Mumbai, Maharashtra, India |
| Wave Megacity Centre Private Limited | ₹1,246.14 Cr (FY 2025) | 292.0% | New Delhi, Delhi, India | |||
| Nam Estates Private Limited | ₹1,217.54 Cr (FY 2024) | 9.0% | Infantry Road, Bangalore, Karnataka, India | |||
| Runwal Developers Limited | ₹1,199.76 Cr (FY 2025) | 104.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kanakia Spaces Realty Private Limited, buy the company report.
Auditor
Kanakia Spaces Realty Private Limited is audited by Y. R. Rajguru & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y. R. Rajguru & Co | FY 2023 | 108442W |
Shareholding
The shareholding of Kanakia Spaces Realty 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 Realty Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3,891.59 Cr
Satisfied charges
₹9,000.19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101075681 | Others | ₹410 Cr | Open | |
| 25 Mar 2025 | 101082125 | Others | ₹410 Cr | Open | |
| 18 Feb 2025 | 101060048 | Others | ₹1 Cr | Open | |
| 25 Jan 2023 | 100681316 | Others | ₹39.99 Lakh | Open | |
| 19 Dec 2022 | 100672457 | Others | ₹18.59 Lakh | Open |
To see the full charge records of Kanakia Spaces Realty Private Limited, buy the company report.
Total charge records: 92 View all charges
Legal cases
Kanakia Spaces Realty Private Limited has 122 court cases on record: 50 filed by Kanakia Spaces Realty, 73 filed against it. 48 cases are pending and 74 are disposed.
Total cases
122
Filed by the company
50
Filed against the company
73
Pending
48
Disposed
74
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 66 | 34 | 23 |
| District courts | 52 | 35 | 25 |
| NCLT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 122)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Shah Housecon Pvt Ltd and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Vidushi Technical and Commercial Services Pvt. Ltd. | Pending |
| High Court | Commercial suit | Filed by the company against Shah Housecon Pvt. Ltd and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S. A La Concierge Services Pvt Ltd and 41 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Bluescope Av Technologies Pvt. Ltd. and 30 others | Pending |
To see the full case history of Kanakia Spaces Realty 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
Kanakia Spaces Realty Private Limited has 6 MSME Form 1 returns on record between 2019 and 2024, listing 330 overdue payments to 39 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 (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Amg Inc | |||
| Super Facility Services Private Limited | |||
| Tyco Fire and Security India Private Limited | |||
| an individual supplier | |||
| Geeta Signages Private Limited |
To see the full MSME payment records of Kanakia Spaces Realty Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kanakia Spaces Realty has 19 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
19
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Vrusti Builders Private Limited | U45200MH1995PTC092842 | |
| Jagdamba Infrastructure Private Limited | U45200MH2004PTC147362 | |
| Vrutant Real Esate Developers Private Limited | U45200MH2007PTC168471 | |
| Kanakia Builders Private Limited | U45200MH2008PTC181564 | |
| Silver Flower Construction Private Limited | U45200MH2010PTC201344 | |
| Kanakia Home Makers Private Limited | U45400MH2010PTC207274 |
To see the full group structure of Kanakia Spaces Realty Private Limited, buy the company report.
Employees & EPFO
Kanakia Spaces Realty Private Limited has a workforce of 112 employees on its EPFO records as of Nov 06, 2024, across 1 active EPFO establishment.
Employee count
112
Active EPFO establishments
1
Employee growth
3.7%
GST
Kanakia Spaces Realty has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCC4199F1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AACCC4199F2ZJ | Maharashtra | Active | 04 Oct 2017 |
To see the full GST registrations and return filing status of Kanakia Spaces Realty Private Limited, buy the company report.
Recent activity
Kanakia Spaces Realty Private Limited has 8 board changes on record since 2007: 2 appointments and 6 cessations. The latest: Ashish Rasesh Kanakia ceased to be Director on 24 Jan 2019.
Charges
A charge registered on 28 May 2018 via Charge ID 100182359 with Others was fully satisfied on 12 Aug 2025.
Charges
A charge registered on 23 Mar 2018 via Charge ID 100165033 with Others was fully satisfied on 12 Aug 2025.
Charges
A charge registered on 25 Sep 2008 via Charge ID 10124227 with Housing Development Finance Corporation Limited was fully satisfied on 12 Aug 2025.
Charges
A charge registered on 17 Dec 2024 via Charge ID 101020394 with Others was fully satisfied on 29 May 2025.
Charges
A charge registered on 14 Jul 2021 via Charge ID 100473523 with Idbi Trusteeship Services Limited was fully satisfied on 05 May 2025.
Charges
A charge registered on 17 Sep 2024 via Charge ID 100997426 with Others was fully satisfied on 30 Apr 2025.
Charges
A charge registered on 17 Feb 2018 via Charge ID 100155499 with Others was fully satisfied on 11 Apr 2025.
Charges
A charge registered on 07 Nov 2016 via Charge ID 100062009 with Others was fully satisfied on 09 Apr 2025.
Charges
A charge registered on 19 Jan 2017 via Charge ID 100074033 with Others was fully satisfied on 07 Apr 2025.
Charges
A charge registered on 30 Dec 2014 via Charge ID 10539258 with Icici Bank Limited was fully satisfied on 07 Apr 2025.
Charges
A charge registered on 19 Dec 2013 via Charge ID 10471212 with Icici Bank Limited was fully satisfied on 07 Apr 2025.
Charges
A charge registered on 01 Feb 2011 via Charge ID 10272166 with Icici Bank Limited was fully satisfied on 07 Apr 2025.
194 earlier events are in the company report.
News
Frequently asked questions
Kanakia Spaces Realty 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 14 June 2004 (22+ years old) and is registered under CIN U45201MH2004PTC146948.
Kanakia Spaces Realty has 2 current directors:
- Himanshu Babubhai Kanakia - Whole-Time Director
- Rasesh Babubhai Kanakia - Whole-Time Director
The latest financial statements of Kanakia Spaces Realty 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 Realty is 27AACCC4199F1ZK, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AACCC4199F2ZJ (Maharashtra).
The CIN (Corporate Identification Number) of Kanakia Spaces Realty is U45201MH2004PTC146948. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kanakia Spaces Realty has 122 court cases on record: 50 filed by the company and 73 filed against it. 48 are pending. Most are in the high courts.
Kanakia Spaces Realty was incorporated on 14 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kanakia Spaces Realty by revenue are Aqua Space Developers Private Limited, Ashdan Township Ventures Private Limited, Wave Megacity Centre Private Limited, Nam Estates Private Limited, Runwal Developers Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Ashish Rasesh Kanakia ceased to be Director on 24 Jan 2019. Asha Hemant Shah ceased to be Director on 24 Mar 2017. Himanshu Babubhai Kanakia ceased to be Director on 01 Mar 2015. Kanakia Spaces Realty has 8 board changes on record in total.
Kanakia Spaces Realty has 6 MSME Form 1 returns on record between 2019 and 2024, listing 330 overdue payments to 39 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Kanakia Spaces Realty can be reached through the website kanakia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Kanakia Spaces Realty is at A Wing Ground Floor Vilco Centre, Subhash Rd Opp Garware, Mumbai, Maharashtra, India – 400057.