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.
Company details
Contact details
Kartik Estates Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressEssar House 11 K Marg Mahalaxmi, Mumbai, Maharashtra, India – 400034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Kartik Estates Pvt 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
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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹3.33 Cr | ||||
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| Net Profit (PAT) | ₹3.22 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 99.8% | ||||
| Net Profit Margin | 96.6% | ||||
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To see the full financial statements and ratios of Kartik Estates Pvt Ltd, buy the company report.
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 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| 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 Ltdthis company | ₹3.33 Cr (FY 2024) | ₹3.22 Cr | 96.6% | 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 |
To see the full peer comparison of Kartik Estates Pvt Ltd, buy the company report.
Auditor
Kartik Estates Pvt Ltd is audited by N K R & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N K R & CO | FY 2021 | 127820W |
Shareholding
The shareholding of Kartik Estates Pvt Ltd is on record for 5 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 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kartik Estates Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2017 | 100079054 | Others | ₹300 Cr | Satisfied | |
| 03 Nov 2014 | 10540816 | Yes Bank Limited | ₹9 Cr | Satisfied | |
| 15 Jul 2013 | 10446905 | Others | ₹450 Cr | Satisfied | |
| 14 May 2013 | 10435890 | Yes Bank Limited | ₹120 Cr | Satisfied | |
| 14 May 2013 | 10435894 | Yes Bank Limited | ₹340 Cr | Satisfied |
To see the full charge records of Kartik Estates Pvt Ltd, buy the company report.
Total charge records: 8 View all charges
Legal cases
No court or tribunal cases involving Kartik Estates Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kartik Estates Pvt 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 Kartik Estates Pvt Ltd; the GSTIN and return-filing check is in the company report Buy 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 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.