Karnani Estates Ltd
About Karnani Estates Ltd
Data last updated:
Karnani Estates Ltd was a public limited company based in Kolkata, West Bengal, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 January 1950.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U45100WB1950PLC018581.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹11.75 Lakh.
Its last annual general meeting (AGM) was held on 10 May 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 304 Chandan Niketan Third Floor 52A Shakespeare Sarani, Kolkata, West Bengal, India – 700017.
Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it.
Company details
CIN history
Karnani Estates has one previous CIN (Corporate Identification Number): U23109WB1950PLC018581. The current CIN is U45100WB1950PLC018581, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45100WB1950PLC018581 | Current |
| U23109WB1950PLC018581 | Previous |
Contact details
Karnani Estates Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address304 Chandan Niketan Third Floor 52A Shakespeare Sarani, Kolkata, West Bengal, India – 700017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Karnani Estates Ltd, 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 Karnani Estates 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 |
Financials of Karnani Estates Ltd
FY 2021 filings availableKarnani Estates Ltd reported revenue of ₹360 (down 38% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 38% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹360 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Karnani Estates Ltd, buy the company report.
Board of directors of Karnani Estates Ltd
Karnani Estates has 6 former directors on record and no current directors listed.
Peer comparison
Karnani Estates Ltd is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Karnani Estates Ltdthis company | ₹360 (FY 2021) | -38.0% | Kolkata, West Bengal, India | |||
| Topflow Commodities Private Limited | ₹360 (FY 2021) | -93.0% | Kolkata, West Bengal, India | |||
| Viewmore Tradelink Private Limited | ₹360 (FY 2021) | -93.0% | Kolkata, West Bengal, India | |||
| Goodpoint Projects Private Limited | ₹360 (FY 2021) | -97.0% | Kolkata, West Bengal, India | |||
| Hemang Distributors Private Limited | ₹360 (FY 2021) | -96.0% | Kolkata, West Bengal, India | |||
| Fastspeed Tie-Up Private Limited | ₹360 (FY 2021) | -96.0% | Kolkata, West Bengal, India | |||
| Shreeji Landsquare Private Limited | ₹350 (FY 2023) | -100.0% | Udaipur, Rajasthan, India | |||
| Hotel Country India Pvt Ltd | ₹350 (FY 2025) | New Delhi, Delhi, India |
To see the full peer comparison of Karnani Estates Ltd, buy the company report.
Auditor
Karnani Estates Ltd is audited by K SARBADHIKARI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K SARBADHIKARI & CO | FY 2021 | 315150E |
Shareholding
The shareholding of Karnani Estates Ltd is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karnani Estates Ltd, buy the company report.
Legal cases
Karnani Estates Ltd has 8 court cases on record: 3 filed by Karnani Estates, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by individuals | Disposed |
| District court, South Twenty Four Parganas, West Bengal | Civil suit | Filed against the company by Karnani Estate Residents Association Others | Disposed |
| High Court | Appeal | Filed against the company by In the Matter of Progressive Commerce & Investment P. Ltd. | Disposed |
| High Court | Company petition | Filed against the company by In the Matter of Progressive Commerce & Investment P. Ltd. | Disposed |
| High Court | Court case (APOT) | Filed by the company against Municipal Commissioner ,C.M.C. | Disposed |
To see the full case history of Karnani Estates Ltd, 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 Karnani Estates Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karnani Estates Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karnani Estates Ltd has 6 board changes on record since 2011: 0 appointments and 6 cessations. The latest: Avinash Karnani ceased to be Director on 06 Jun 2021.
Frequently asked questions
Karnani Estates has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Karnani Estates was a public limited company based in Kolkata, West Bengal, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 30 January 1950 and is registered under CIN U45100WB1950PLC018581. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Karnani Estates is U45100WB1950PLC018581. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnani Estates was incorporated on 30 January 1950. It is registered with the Registrar of Companies, Kolkata.
The registered office of Karnani Estates is at 304 Chandan Niketan Third Floor 52A Shakespeare Sarani, Kolkata, West Bengal, India – 700017.
The latest financial statements of Karnani Estates on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 10 May 2021. Year-wise statements from 2015 are in the company report.
Karnani Estates operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Karnani Estates by revenue are Topflow Commodities Private Limited, Viewmore Tradelink Private Limited, Goodpoint Projects Private Limited, Hemang Distributors Private Limited, Fastspeed Tie-Up Private Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Karnani Estates has 8 court cases on record: 3 filed by the company and 5 filed against it. Most are in the high courts.
Avinash Karnani ceased to be Director on 06 Jun 2021. Mahesh Karnani ceased to be Director on 06 Jun 2021. Nikhil Karnani ceased to be Director on 06 Jun 2021. Karnani Estates has 6 board changes on record in total.
The compliance status of Karnani Estates is compliant as of 08 September 2026.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
