India's Richest People 2026 edition · 3 directors · Source: Hurun India
- #1,113 Boman Rustom Irani ₹2,300 Cr
- #1,673 Percy Sorabji Chowdhry ₹1,100 Cr
- #1,673 Chandresh Dinesh Mehta ₹1,100 Cr
Revenue · FY 2025
₹35.38 Cr
▼ 92% YoY
Net loss · FY 2025
₹21.42 Cr
Net margin -60.5%
EBITDA · FY 2025
-₹28.37 Cr
EBITDA margin -80.2%
Authorised capital
₹99.95 Cr
Registered with MCA
Paid-up capital
₹10.28 Cr
Issued & subscribed
Open charges
₹540 Cr
Satisfied ₹1,896 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
244
Provident fund records
About Kapstone Constructions Private Limited
Data last updated:
Kapstone Constructions 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 22 April 2003 and has been in existence for over 23 years.
Its director Boman Rustom Irani is #1,113 among India's richest people (2026). Its director Percy Sorabji Chowdhry is #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC140091. Its GSTIN is 27AACCK3513F1ZW (Maharashtra).
The company has an authorised share capital of ₹99.95 Cr and a paid-up capital of ₹10.28 Cr. It is led by directors including Percy Chowdhry (Managing Director) and Chandresh Dinesh Mehta.
Its last annual general meeting (AGM) was held on 22 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 702 Natraj Mv Road Junction Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.38 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹21.42 Cr (net margin -60.5%) and EBITDA of -₹28.37 Cr (EBITDA margin -80.2%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 42% over five years.
The company has about 244 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Rustomjee. As per MCA filings, the company has open charges of ₹540 Cr and satisfied charges of ₹1,896 Cr on record. Court records list 50 cases involving the company, including 32 filed by the company and 18 filed against it; 10 cases are pending. The company has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹863.05 Cr; the latest was in March 2021. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 3 smaller; the largest is Espire Infrastructure Corporation Private Limited with revenue of ₹35.46 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2023, listing 863 overdue payments to 50 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rustomjee.com.
Company details
CIN U45200MH2003PTC140091
Registration Number 140091
Incorporation Date 22 April 2003
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 22 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Percy Chowdhry Managing Director Chandresh Dinesh Mehta Director Ho Kiam Kheong Nominee Director Recognitions & Rankings of Kapstone Constructions
Contact details
Kapstone Constructions Private Limited's registered office is in Mumbai, Maharashtra. Its website is rustomjee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address702 Natraj Mv Road Junction Western Express Highway Andheri (East), Mumbai, Maharashtra, India – 400069
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Kapstone Constructions Private Limited, buy the company report.
Comprehensive company report
Kapstone Constructions 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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Brands
Kapstone Constructions operates one associated brand: Rustomjee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of residential and commercial properties, including townships and villa plots | rustomjee.com |
Business activity
The main business activity of Kapstone Constructions 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 Kapstone Constructions Private Limited, buy the company report.
Financials of Kapstone Constructions Private Limited
FY 2024 filings availableKapstone Constructions Private Limited reported revenue of ₹35.38 Cr (down 92% YoY) for FY 2025.
Revenue · FY 2025
₹35.38 Cr ▼ 92%
Net loss · FY 2025
₹21.42 Cr margin -60.5%
EBITDA · FY 2025
-₹28.37 Cr margin -80.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 92%
3 years · compounded
▼ 29%
5 years · compounded
▼ 42%
EBITDA CAGR growth
1 year
▼ 135%
3 years · compounded
▼ 67%
5 years · compounded
▼ 17%
Revenue has declined at a compounded annual rate (CAGR) of 42% over five years, including a 92% fall in the latest year. EBITDA fell 135% 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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| Total Expenses | |||||
| EBITDA | -₹28.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.42 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | -80.2% | ||||
| Net Profit Margin | -60.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Kapstone Constructions Private Limited, buy the company report.
Board of directors and KMP of Kapstone Constructions Private Limited
Kapstone Constructions Private Limited currently reports 6 directors and 1 key managerial person. 26 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Percy Chowdhry Also directs: Dreamz Dwellers LLP, Keystone Realtors Limited, Riverstone Educational Academy Private Limited and 5 more | Managing Director | 22 Apr 2003 | 23 Years 6 Months | Current |
| Chandresh Dinesh Mehta Also directs: Dreamz Dwellers LLP, Keystone Realtors Limited, Riverstone Educational Academy Private Limited and 5 more | Director | 10 Jan 2014 | 12 Years 10 Months | Current |
| Ho Kiam Kheong Also directs: Keppel Real Estate India Private Limited, Bangalore Tower Private Limited, Silverio Developers Private Limited and 5 more | Nominee Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Louis Lu Yi Lim | Nominee Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Boman Rustom Irani | Director | 22 Apr 2003 | 23 Years 6 Months | Current |
| Abhijit Kamalakar Kukade Also directs: Keppel Real Estate India Private Limited, Bangalore Tower Private Limited, Silverio Developers Private Limited and 3 more | Nominee Director | 14 May 2024 | 2 Years 5 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Kapstone Constructions 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 |
|---|---|---|---|---|---|---|
| Espire Infrastructure Corporation Private Limited | ₹35.46 Cr (FY 2025) | 707.0% | Faridabad, Haryana, India | |||
| Sunrise Structures & Developers Private Limited | ₹35.44 Cr (FY 2025) | -41.0% | Delhi, India | |||
| Kapstone Constructions Private Limitedthis company | ₹35.38 Cr (FY 2025) | -₹21.42 Cr | -60.5% | -92.0% | 244 | Mumbai, Maharashtra, India |
| Danube Properties Consultants Private Limited | ₹35.37 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| LHP Infrastructure Private Limited | ₹35.33 Cr (FY 2024) | 7066060.0% | Ahmedabad, Gujarat, India | |||
| Annika Promoters Private Limited | ₹35.33 Cr (FY 2021) | -11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Kapstone Constructions Private Limited, buy the company report.
Auditor
Kapstone Constructions Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Kapstone Constructions 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 Kapstone Constructions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹540 Cr
Satisfied charges
₹1,896 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2024 | 100941060 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 22 Dec 2021 | 100531480 | Idbi Trusteeship Services Limited | ₹240 Cr | Open | |
| 28 Sep 2017 | 100125048 | Others | ₹50 Cr | Satisfied | |
| 29 Aug 2017 | 100122931 | Others | ₹30 Cr | Satisfied | |
| 26 May 2017 | 100106728 | Idbi Trusteeship Services Limited | ₹550 Cr | Satisfied |
To see the full charge records of Kapstone Constructions Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Kapstone Constructions Private Limited has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹863.05 Cr; the latest was in March 2021.
Total deals
10
Funding rounds
5
Secondary share transfers
3
Convertible or debt financings
2
Disclosed funding
₹863.05 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Seller: Keystone Realtors Limited |
| Jan 2014 | Funding round | ₹1 Cr | Investors: Keystone Realtors Limited |
| Jun 2011 | Secondary share transfer | Undisclosed | Buyer: Panchgani Real Estate Private Limited Seller: Trinity Capital (Three) Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Keystone Realtors Limited Seller: Brickswork Trading Private Limited , 3 individuals |
| Nov 2006 | Funding round | ₹94.19 Cr | Investors: Trinity Capital (Three) Limited, Brickswork Trading Private Limited |
To see the full deal history of Kapstone Constructions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kapstone Constructions Private Limited has 50 court cases on record: 32 filed by Kapstone Constructions, 18 filed against it. 10 cases are pending and 40 are disposed.
Total cases
50
Filed by the company
32
Filed against the company
18
Pending
10
Disposed
40
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 10 | 5 |
| High courts | 21 | 6 | 4 |
| Supreme Court | 5 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Federal Bank Limited and 3 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Bhoomika Clearing and Forwarding Private Limited and 3 others | Pending |
| Supreme Court | Court case (3801-Matters Relating To Consumer Protection : Appeals u/s 23 of Consumer Protection Act, 1986.) | Filed by the company against Icici Bank Ltd. THR. Its Authorized Signatory at Trans Trade Centre, 2Nd Floor, Opp. Floral Deck Plaza, Midc, Seepz, Andheri (E) Mumbai 400093 , , Other and 2 others | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Toscano Infrastructure Pvt Ltd. and 1 other | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Did Telecom Providers Pvt Ltd | Disposed |
To see the full case history of Kapstone Constructions 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
Kapstone Constructions Private Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 863 overdue payments to 50 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 50)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mehta Brothers & Co | |||
| an individual supplier | |||
| Mast Climber Spares and Services | |||
| Stetig Consulting Private Limited | |||
| Shaw Hotels and Consultancy Services Private Limited |
To see the full MSME payment records of Kapstone Constructions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kapstone Constructions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Toccata Realtors Private Limited | U70100MH2017PTC301756 |
To see the full group structure of Kapstone Constructions Private Limited, buy the company report.
Employees & EPFO
Kapstone Constructions Private Limited has a workforce of 244 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
244
Active EPFO establishments
1
Employee growth
7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 244 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Kapstone Constructions Private Limited, buy the company report.
GST
Kapstone Constructions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCK3513F1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kapstone Constructions Private Limited, buy the company report.
Recent activity
Kapstone Constructions Private Limited has 31 board changes on record since 2003: 7 appointments and 24 cessations. The latest: Abhijit Kamalakar Kukade ceased to be Additional Director on 21 Aug 2024.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 300.00 Cr registered on 21 Jun 2024 with Charge ID 100941060 was modified on 13 Feb 2025.
AGM
Kapstone Constructions Private Limited last Annual general meeting of members was held on 22 Aug 2024 as per latest MCA records.
Ceased
Abhijit Kamalakar Kukade ceased to be Additional Director.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 300.00 Cr with Charge ID 100941060 was registered on 21 Jun 2024.
Appointed
Abhijit Kamalakar Kukade was appointed as Nominee Director.
Filing
Kapstone Constructions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 29 Aug 2017 via Charge ID 100122931 with Others was fully satisfied on 24 Jul 2023.
Ceased
Percy Chowdhry ceased to be Managing Director.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 240.00 Cr with Charge ID 100531480 was registered on 22 Dec 2021.
Charges
A charge registered on 26 May 2017 via Charge ID 100106728 with Idbi Trusteeship Services Limited was fully satisfied on 25 Nov 2021.
Ceased
Bharatkumar Jain Babulal ceased to be CFO.
Charges
A charge registered on 19 Sep 2008 via Charge ID 10125812 with State Bank Of India was fully satisfied on 04 Mar 2021.
56 earlier events are in the company report.
News
Frequently asked questions
Kapstone Constructions 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 22 April 2003 (23+ years old) and is registered under CIN U45200MH2003PTC140091.
Kapstone Constructions has 7 current directors and KMP:
- Percy Chowdhry - Managing Director
- Chandresh Dinesh Mehta - Director
- Ho Kiam Kheong - Nominee Director
- Louis Lu Yi Lim - Nominee Director
- Boman Rustom Irani - Director
- Abhijit Kamalakar Kukade - Nominee Director
- Yojeshkumar Dolatsinh Thakor - Company Secretary
The latest financial statements of Kapstone Constructions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kapstone Constructions is 27AACCK3513F1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kapstone Constructions is U45200MH2003PTC140091. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kapstone Constructions has 50 court cases on record: 32 filed by the company and 18 filed against it. 10 are pending. Most are in the district courts.
Kapstone Constructions was incorporated on 22 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Kapstone Constructions has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 convertible or debt financings), with disclosed funding of ₹863.05 Cr; the latest was in March 2021.
The peers of Kapstone Constructions by revenue are Espire Infrastructure Corporation Private Limited, Sunrise Structures & Developers Private Limited, Danube Properties Consultants Private Limited, LHP Infrastructure Private Limited, Annika Promoters Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Abhijit Kamalakar Kukade ceased to be Additional Director on 21 Aug 2024. Abhijit Kamalakar Kukade was appointed as Nominee Director on 14 May 2024. Percy Chowdhry ceased to be Managing Director on 27 Sep 2022. Kapstone Constructions has 31 board changes on record in total.
Kapstone Constructions has 16 MSME Form 1 returns on record between 2019 and 2023, listing 863 overdue payments to 50 micro and small suppliers. The latest return was filed on 27 Dec 2023.
Kapstone Constructions can be reached through the website rustomjee.com. Its registered office is in Mumbai, Maharashtra, India.
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