Karmayog Builders Private Limited
About Karmayog Builders Private Limited
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Karmayog Builders Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Kalpataru Properties Private Limited. It operates in the real estate marketing and sales segment of the real estate and construction sector. It was incorporated on 22 December 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1988PTC050142. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹20 Lakh. It is led by directors Hitesh Chhaganlal Gagarani and Khorehomand Darius Irani.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101 Kalpataru Synergy Opp. Grand Hyatt Santacruz (East), Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.18 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹2.04 Lakh (net margin -172.7%) and EBITDA of -₹2.01 Lakh (EBITDA margin -170.4%). Revenue has grown at a compounded annual rate (CAGR) of 167% over three years and 11% over five years.
As per MCA filings, the company has satisfied charges of ₹75 Lakh on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karmayog Builders Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 Kalpataru Synergy Opp. Grand Hyatt Santacruz (East), Mumbai, Maharashtra, India – 400055
- IndustryReal Estate and Construction, Real Estate Marketing & Sales
To see the full contact details of Karmayog Builders Private 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
Business activity
The main business activity of Karmayog Builders is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
Financials of Karmayog Builders Private Limited
FY 2024 filings availableKarmayog Builders Private Limited reported revenue of ₹1.18 Lakh (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 47% 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 | -₹2.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.04 Lakh | ||||
| 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 | -170.4% | ||||
| Net Profit Margin | -172.7% | ||||
| 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 Karmayog Builders Private Limited, buy the company report.
Board of directors of Karmayog Builders Private Limited
Karmayog Builders 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 |
|---|---|---|---|---|
| Hitesh Chhaganlal Gagarani Also directs: Corporate Stationery Private Limited, Durable Stationery Private Limited, Lifestyle Property Ventures Private Limited and 5 more | Director | 30 Nov 2016 | 9 Years 11 Months | Current |
| Khorehomand Darius Irani Also directs: Kalpataru Builders Private Limited, Yugdharm Real Estate Private Limited, Axiom Orchards Private Limited and 5 more | Additional Director | 08 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Karmayog Builders Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vinzeal Developers Private Limited | ₹1.18 Lakh (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| Karmayog Builders Private Limitedthis company | ₹1.18 Lakh (FY 2025) | -₹2.04 Lakh | -172.7% | -8.0% | Mumbai, Maharashtra, India | |
| Shubhnivesh Property Private Limited | ₹1.16 Lakh (FY 2025) | Nagpur, Maharashtra, India | ||||
| Celtem Infrastructure Private Limited | ₹1.15 Lakh (FY 2024) | 16.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Karmayog Builders Private Limited, buy the company report.
Auditor
Karmayog Builders Private Limited is audited by MGB & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MGB & Co. LLP | FY 2022 | 101169W/W-100035 |
Shareholding
The shareholding of Karmayog Builders Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karmayog Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 May 1993 | 90233915 | Oriental Bank of Commerce | ₹75 Lakh | Satisfied |
To see the full charge records of Karmayog Builders Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Karmayog Builders Private Limited has 6 court cases on record: 6 filed by Karmayog Builders. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed by the company against The Pune Cantonment Board and 1 other | Pending |
| District court, Pune, Maharashtra | Court case (Reg Dkst) | Filed by the company against individuals | Disposed |
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against an individual | Disposed |
To see the full case history of Karmayog Builders 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 Karmayog Builders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karmayog Builders has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karmayog Builders Private Limited, buy the company report.
Recent activity
Karmayog Builders Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Khorehomand Darius Irani was appointed as Additional Director on 08 Aug 2025.
1 earlier event is in the company report.
Frequently asked questions
Karmayog Builders is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 22 December 1988 (38+ years old) and is registered under CIN U45200MH1988PTC050142.
Karmayog Builders has 2 current directors:
- Hitesh Chhaganlal Gagarani - Director
- Khorehomand Darius Irani - Additional Director
The latest financial statements of Karmayog Builders on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
No. Karmayog Builders has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karmayog Builders is U45200MH1988PTC050142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karmayog Builders has 6 court cases on record: 6 filed by the company. 1 is pending.
Karmayog Builders was incorporated on 22 December 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Karmayog Builders by revenue are Vinzeal Developers Private Limited, Shubhnivesh Property Private Limited, Celtem Infrastructure Private Limited, all in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities).
Khorehomand Darius Irani was appointed as Additional Director on 08 Aug 2025. Hitesh Chhaganlal Gagarani ceased to be Additional Director on 28 Sep 2017. Hitesh Chhaganlal Gagarani was appointed as Director on 30 Nov 2016. Karmayog Builders has 8 board changes on record in total.
The registered office of Karmayog Builders is at 101 Kalpataru Synergy Opp. Grand Hyatt Santacruz East, Mumbai, Maharashtra, India – 400055.
Karmayog Builders operates in the real estate and construction industry, in the real estate marketing and sales segment.
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