Karnani Properties Ltd
About Karnani Properties Ltd
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Karnani Properties Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 16 February 1950 and has been in existence for over 76 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70200WB1950PLC018625. Its GSTIN is 19AABCK3612J1ZL (West Bengal).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Rishi Karnani and Aditya Karnani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 23/21 Gariahat Road, Kolkata, West Bengal, India – 700029.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.5 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹30.3 Lakh (net margin 6.7%) and EBITDA of ₹89.53 Lakh (EBITDA margin 19.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹6.25 Cr and satisfied charges of ₹7.06 Cr on record. Court records list 265 cases involving the company, including 163 filed by the company and 102 filed against it; 92 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karnani Properties Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address23/21 Gariahat Road, Kolkata, West Bengal, India – 700029
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Karnani Properties 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 Properties is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Karnani Properties Ltd, buy the company report.
Financials of Karnani Properties Ltd
FY 2025 filings availableKarnani Properties Ltd reported revenue of ₹4.5 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 7% growth in the latest year. EBITDA fell 28% 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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| EBITDA | ₹89.53 Lakh | ||||
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| Net Profit (PAT) | ₹30.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 19.9% | ||||
| Net Profit Margin | 6.7% | ||||
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To see the full financial statements and ratios of Karnani Properties Ltd, buy the company report.
Board of directors of Karnani Properties Ltd
Karnani Properties has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishi Karnani Also directs: Artwork Exports Private Ltd, Karnani Investments Pvt Ltd, Sukhlal Chandanmull Pvt Ltd and 2 more | Director | 22 Jan 2002 | 24 Years 9 Months | Current |
| Aditya Karnani Also directs: Artwork Exports Private Ltd, Karnani Investments Pvt Ltd, Sukhlal Chandanmull Pvt Ltd and 2 more | Director | 13 Jun 1995 | 31 Years 4 Months | Current |
| Akshay Karnani Also directs: Artwork Exports Private Ltd, Karnani Investments Pvt Ltd, The Central Calcutta Investments Pvt Ltd and 1 more | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Sudarshan Karnani Also directs: Artwork Exports Private Ltd, Karnani Investments Pvt Ltd, Sukhlal Chandanmull Pvt Ltd and 2 more | Director | 28 Sep 2004 | 22 Years 1 Months | Current |
Auditor
Karnani Properties Ltd is audited by A.K.DHANDHANIA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.K.DHANDHANIA & ASSOCIATES | FY 2023 | 060003 |
Shareholding
The shareholding of Karnani Properties Ltd 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 Karnani Properties Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2024 | 100962952 | Others | ₹6 Cr | Open | |
| 18 Mar 2024 | 100936844 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 15 Jul 2023 | 100793158 | Hdfc Bank Limited | ₹4.5 Lakh | Open | |
| 16 Mar 2022 | 100569836 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 14 Sep 2016 | 100076547 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Karnani Properties Ltd, buy the company report.
Total charge records: 6 View all charges
Legal cases
Karnani Properties Ltd has 265 court cases on record: 163 filed by Karnani Properties, 102 filed against it. 92 cases are pending and 173 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 137 | 69 | 48 |
| High courts | 119 | 28 | 44 |
| Supreme Court | 9 | 5 | 0 |
Cases on record (5 of 265)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Original application | Filed by the company against J. J. Automotive Private Limited and 1 other | Pending |
| Calcutta High Court | Court case (APOT) | Filed by the company against M/S. Turner Morrison Limited | Pending |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by Indian Oil Corporation Limited | Pending |
| High Court, West Bengal | Court case (EOS) | Filed by the company against M/S. Turner Morrison Limited | Pending |
| Calcutta High Court | Court case (EOS) | Filed by the company against M/S. Turner Morrison Limited | Pending |
To see the full case history of Karnani Properties 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 Properties Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnani Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCK3612J1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnani Properties Ltd, buy the company report.
Recent activity
Karnani Properties Ltd has 5 board changes on record since 1995: 4 appointments and 1 cessation. The latest: Chandra Kumar Karnani ceased to be Director on 11 Feb 2022.
4 earlier events are in the company report.
Frequently asked questions
Karnani Properties is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 16 February 1950 (76+ years old) and is registered under CIN U70200WB1950PLC018625.
Karnani Properties has 4 current directors:
- Rishi Karnani - Director
- Aditya Karnani - Director
- Akshay Karnani - Director
- Sudarshan Karnani - Director
The latest financial statements of Karnani Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnani Properties is 19AABCK3612J1ZL, registered in West Bengal.
The CIN (Corporate Identification Number) of Karnani Properties is U70200WB1950PLC018625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnani Properties has 265 court cases on record: 163 filed by the company and 102 filed against it. 92 are pending. Most are in the district courts.
Karnani Properties was incorporated on 16 February 1950, making it 76+ years old. It is registered with the Registrar of Companies, Kolkata.
Chandra Kumar Karnani ceased to be Director on 11 Feb 2022. Akshay Karnani was appointed as Director on 10 May 2019. Sudarshan Karnani was appointed as Director on 28 Sep 2004. Karnani Properties has 5 board changes on record in total.
The registered office of Karnani Properties is at 2321 Gariahat Road, Kolkata, West Bengal, India – 700029.
Karnani Properties operates in the financial services industry, in the real estate financing segment.