Kartik Estates Pvt Ltd
About Kartik Estates Pvt Ltd
Data last updated:
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 availableKartik Estates Pvt Ltd reported revenue of ₹3.33 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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, and every line for FY 2019-20 to FY 2022-23, 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
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
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 companies nearest to Kartik Estates by revenue, above and below it, 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
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 |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| 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
Employment history and EPFO contributions of people linked to Kartik Estates.
: available in the company report
Recent Activity
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
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
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 has 2 current directors:
- Rajesh Parshuram Mayekar - Director
- Veera Joy Patel - Director
The latest financial statements of Kartik Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
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 operates in the real estate and construction industry, in the real estate builders and developers segment.
Kartik Estates has no open charges and satisfied charges of ₹1,746 Cr as per latest MCA filings.
The compliance status of Kartik Estates is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.