Kartik Estates Pvt Ltd
About Kartik Estates Pvt Ltd
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Kartik Estates Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Niwas Residential & Commercial Properties Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 23 August 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1989PTC053169.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.32 Lakh. It is led by directors Rajesh Parshuram Mayekar and Veera Joy Patel.
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 Essar House 11 K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.33 Cr. For the same year it recorded a net profit of ₹3.22 Cr (net margin 96.6%) and EBITDA of ₹3.33 Cr (EBITDA margin 99.8%). Revenue has grown at a compounded annual rate (CAGR) of 168% over five years.
As per MCA filings, the company has satisfied charges of ₹1,746 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressEssar House 11 K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Financials of Kartik Estates Pvt Ltd FY 2024 filings available
Kartik Estates Pvt Ltd reported revenue of ₹3.33 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Kartik Estates Pvt Ltd
Revenue has grown at a compounded annual rate (CAGR) of 168% over five years. 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 of Kartik Estates Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.33 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.22 Cr | •••• | •••• | •••• | •••• |
| 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 of Kartik Estates Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 99.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 96.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Kartik Estates are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Kartik Estates Pvt Ltd
Kartik Estates has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Parshuram Mayekar Also directs: Edwell Park Properties and Networks Private Limited, Bhargava Estates Private Limited, Essar House Private Limited and 1 more | Director | 23 Aug 2018 | 8 Years 1 Months | Current |
| Veera Joy Patel Also directs: Edwell Park Properties and Networks Private Limited, Bhargava Estates Private Limited, Essar House Private Limited and 1 more | Director | 23 Aug 2018 | 8 Years 1 Months | Current |
Peer Comparison of Kartik Estates Pvt Ltd
Kartik Estates Pvt Ltd is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sri Manav Construction & Developers Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | 277.0% | •••• | Chennai, Tamil Nadu, India |
| Pragati Medi Pharma Private Limited | ₹3.34 Cr (FY 2023) | •••• | •••• | •••• | Dankuni, West Bengal, India | |
| Rathour Infra Housing Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | 166.0% | •••• | Agra, Uttar Pradesh, India |
| Osko Builders India Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | -57.0% | •••• | Thiruvananthapuram, Kerala, India |
| Mangalmay Infrastructure Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | •••• | Bhopal, Madhya Pradesh, India | |
| Kartik Estates Pvt Ltd this company | ₹3.33 Cr (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Basak's Construction Private Limited | ₹3.33 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Siliguri, West Bengal, India |
| Esprit Ventures Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | 2720.0% | •••• | Mumbai, Maharashtra, India |
| RSSB Buildtech Private Limited | ₹3.33 Cr (FY 2021) | •••• | •••• | -30.0% | •••• | Raipur, Chhattisgarh, India |
| Atf Infrastructure & Investment Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Jalandhar, Punjab, India |
| Lenscon Engineers and Contractors Private Limited | ₹3.33 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Irinjalakuda, Kerala, India |
Peers are the five companies nearest above and the five nearest below Kartik Estates by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Kartik Estates Pvt Ltd
Kartik Estates Pvt Ltd is audited by N K R & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N K R & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Kartik Estates Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Kartik Estates Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Feb 2017 | Others | ₹300 Cr | Satisfied |
| 03 Nov 2014 | Yes Bank Limited | ₹9 Cr | Satisfied |
| 15 Jul 2013 | Others | ₹450 Cr | Satisfied |
| 14 May 2013 | Yes Bank Limited | ₹120 Cr | Satisfied |
| 14 May 2013 | Yes Bank Limited | ₹340 Cr | Satisfied |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Kartik Estates Pvt Ltd
Employment history and EPFO contributions of people linked to Kartik Estates.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Kartik Estates Pvt Ltd
Kartik Estates Pvt Ltd has 10 board changes on record since 2007: 2 appointments and 8 cessations. The latest: Rajesh Parshuram Mayekar ceased to be Additional Director on 18 Sep 2018.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kartik Estates Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Kartik Estates Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Kartik Estates Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Kartik Estates Pvt Ltd
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Kartik Estates Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Kartik Estates Pvt Ltd
Kartik Estates 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 23 August 1989 (37+ years old) and is registered under CIN U70100MH1989PTC053169.
Kartik Estates reported revenue of ₹3.33 Cr for FY 2024.
Kartik Estates has 2 current directors:
- Rajesh Parshuram Mayekar - Director
- Veera Joy Patel - Director
Kartik Estates reported a net profit of ₹3.22 Cr (net margin 96.6%) and EBITDA of ₹3.33 Cr (EBITDA margin 99.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kartik Estates is 168% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Kartik Estates is U70100MH1989PTC053169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kartik Estates was incorporated on 23 August 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kartik Estates by revenue are Sri Manav Construction & Developers Private Limited, Pragati Medi Pharma Private Limited, Rathour Infra Housing Private Limited, Osko Builders India Private Limited, Mangalmay Infrastructure Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Rajesh Parshuram Mayekar ceased to be Additional Director on 18 Sep 2018. Veera Joy Patel ceased to be Additional Director on 18 Sep 2018. Devdas Lakkanna Shetty ceased to be Director on 23 Aug 2018. Kartik Estates has 10 board changes on record in total.
The registered office of Kartik Estates is at Essar House 11 K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034.
Kartik Estates has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.32 Lakh.