MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0034457
Kunal Spaces Private Limited - real estate and construction in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.39 Cr
▼ 81% YoY
Net profit · FY 2025
₹62.82 Lakh
Net margin 11.7%
EBITDA · FY 2025
₹1.18 Cr
EBITDA margin 21.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹33.4 Lakh
Issued & subscribed
Open charges
₹10 Cr
Satisfied ₹201.9 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
2
Provident fund records
About Kunal Spaces Private Limited
Data last updated:
Kunal Spaces Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2010PTC137489. Its GSTIN is 27AAECK1186G1ZJ (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹33.4 Lakh. It is led by directors including Jitendra Sureshkumar Mehta and Hemendra Dahyabhai Shah.
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 Kunal House Opposite Kamala Nehru Bhandarkar Road, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.39 Cr, a decline of 81% compared to the previous year. For the same year it recorded a net profit of ₹62.82 Lakh (net margin 11.7%) and EBITDA of ₹1.18 Cr (EBITDA margin 21.9%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 24% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹201.9 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 filed against it; 1 case is pending.
Kunal Spaces Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0034457). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kunalgroup.in.
Company details
CIN U45200PN2010PTC137489
Registration Number 137489
Incorporation Date 08 October 2010
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0034457
Key People
Jitendra Sureshkumar Mehta Director Hemendra Dahyabhai Shah Director Ramesh Girdhardas Shah Director Recognitions & Rankings of Kunal Spaces
Contact details
Kunal Spaces Private Limited's registered office is in Pune, Maharashtra. Its website is kunalgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressKunal House Opposite Kamala Nehru Bhandarkar Road, Pune, Maharashtra, India – 411004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Kunal Spaces Private Limited, buy the company report.
Comprehensive company report
Kunal Spaces Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Kunal Spaces is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Kunal Spaces Private Limited, buy the company report.
Financials of Kunal Spaces Private Limited
FY 2025 filings availableKunal Spaces Private Limited reported revenue of ₹5.39 Cr (down 81% YoY) for FY 2025.
Revenue · FY 2025
₹5.39 Cr ▼ 81%
Net profit · FY 2025
₹62.82 Lakh margin 11.7%
EBITDA · FY 2025
₹1.18 Cr margin 21.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 81%
3 years · compounded
▼ 55%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 40%
5 years · compounded
▼ 7%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 81% fall in the latest year. EBITDA fell 82% 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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| Total Expenses | |||||
| EBITDA | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.82 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.9% | ||||
| Net Profit Margin | 11.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Kunal Spaces Private Limited, buy the company report.
Board of directors of Kunal Spaces Private Limited
Kunal Spaces has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Sureshkumar Mehta Also directs: Kunal Sancheti Associates LLP, Kunal Shelters Private Limited, Opel Shelters Private Limited and 5 more | Director | 08 Oct 2010 | 16 Years 0 Months | Current |
| Hemendra Dahyabhai Shah Also directs: Fortitude Housing LLP, Kunal Sancheti Associates LLP, Kunal Constructions Private Limited and 3 more | Director | 08 Oct 2010 | 16 Years 0 Months | Current |
| Ramesh Girdhardas Shah Also directs: Kunal Sancheti Associates LLP, Kunal Shelters Private Limited, Grow India Nirmiti LLP and 2 more | Director | 08 Oct 2010 | 16 Years 0 Months | Current |
Peer comparison
Kunal Spaces Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Radhe Realty Project Developers Private Limited | ₹5.4 Cr (FY 2017) | Bhiwandi, Maharashtra, India | ||||
| Aryans Infrastructure Private Limited | ₹5.4 Cr (FY 2025) | -23.0% | Bhubaneswar, Odisha, India | |||
| Kunal Spaces Private Limitedthis company | ₹5.39 Cr (FY 2025) | ₹62.82 Lakh | 11.7% | -81.0% | 2 | Pune, Maharashtra, India |
| Kailadevi Engineering Solutions Private Limited | ₹5.39 Cr (FY 2024) | -21.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Kunal Spaces Private Limited, buy the company report.
Auditor
Kunal Spaces Private Limited is audited by S P C M & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P C M & ASSOCIATES | FY 2020 | 112165W |
Shareholding
The shareholding of Kunal Spaces Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Kunal Spaces Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Cr
Satisfied charges
₹201.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2025 | 101206249 | Others | ₹10 Cr | Open | |
| 28 Nov 2016 | 100078523 | Others | ₹25 Cr | Satisfied | |
| 27 Jun 2014 | 10510684 | Hdfc Limited | ₹77 Cr | Satisfied | |
| 15 Apr 2013 | 10431016 | Housing Development Finance Corporation Limited | ₹40 Cr | Satisfied | |
| 24 Jan 2011 | 10275224 | Hdfc Asset Management Company Limited | ₹59.9 Cr | Satisfied |
To see the full charge records of Kunal Spaces Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Kunal Spaces Private Limited has 7 court cases on record: 2 filed by Kunal Spaces, 5 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
2
Filed against the company
5
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against M/S. Manikchand Vasudha Developers and Ors | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Manikchand Vasudha Developers Thrugh Umesh Subhash Kothawade | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Municipal Corporation of City of Pune Through Municipal Commissioner and Ors | Disposed |
| District court, Pune, Maharashtra | Court case (M.C.A.) | Filed against the company by individuals | Disposed |
To see the full case history of Kunal Spaces Private Limited, 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.
Credit ratings & regulatory alerts
Kunal Spaces Private Limited was last rated by Care on 11 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Dec 2025 |
To see the full credit ratings and regulatory alerts of Kunal Spaces Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kunal Spaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kunal Spaces Private Limited has a workforce of 2 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
GST
Kunal Spaces has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK1186G1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kunal Spaces Private Limited, buy the company report.
Recent activity
Kunal Spaces Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Hemendra Dahyabhai Shah was appointed as Director on 08 Oct 2010.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101206249 was registered on 12 Dec 2025.
AGM
Kunal Spaces Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kunal Spaces Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 28 Nov 2016 via Charge ID 100078523 with Others was fully satisfied on 28 May 2021.
Charges
A charge registered on 15 Apr 2013 via Charge ID 10431016 with Housing Development Finance Corporation Limited was fully satisfied on 25 May 2021.
Charges
A charge registered on 27 Jun 2014 via Charge ID 10510684 with Hdfc Limited was fully satisfied on 11 May 2021.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100078523 was registered on 28 Nov 2016.
Charges
A charge registered on 24 Jan 2011 via Charge ID 10275224 with Hdfc Asset Management Company Limited was fully satisfied on 29 Sep 2014.
Charges
A charge with Hdfc Limited amounted to Rs. 77.00 Cr with Charge ID 10510684 was registered on 27 Jun 2014.
Charges
A charge with Housing Development Finance Corporation Limited amounted to Rs. 40.00 Cr with Charge ID 10431016 was registered on 15 Apr 2013.
Charges
A charge with Hdfc Asset Management Company Limited of Rs. 59.90 Cr registered on 24 Jan 2011 with Charge ID 10275224 was modified on 28 Dec 2012.
Charges
A charge with Hdfc Asset Management Company Limited amounted to Rs. 59.90 Cr with Charge ID 10275224 was registered on 24 Jan 2011.
4 earlier events are in the company report.
Frequently asked questions
Kunal Spaces is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 October 2010 (16+ years old) and is registered under CIN U45200PN2010PTC137489.
Kunal Spaces has 3 current directors:
- Jitendra Sureshkumar Mehta - Director
- Hemendra Dahyabhai Shah - Director
- Ramesh Girdhardas Shah - Director
The latest financial statements of Kunal Spaces 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 Kunal Spaces is 27AAECK1186G1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kunal Spaces is U45200PN2010PTC137489. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kunal Spaces has 7 court cases on record: 2 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Kunal Spaces was incorporated on 08 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Kunal Spaces by revenue are Shree Radhe Realty Project Developers Private Limited, Aryans Infrastructure Private Limited, Kailadevi Engineering Solutions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Hemendra Dahyabhai Shah was appointed as Director on 08 Oct 2010. Jitendra Sureshkumar Mehta was appointed as Director on 08 Oct 2010. Ramesh Girdhardas Shah was appointed as Director on 08 Oct 2010.
Yes, Kunal Spaces is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0034457).
Kunal Spaces can be reached through the website kunalgroup.in. Its registered office is in Pune, Maharashtra, India.