About Lokhandwala Construction Industries Private Limited
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Lokhandwala Construction Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1984PTC033077. Its GSTIN is 27AAACP2037M1ZD (Maharashtra).
The company has an authorised share capital of ₹101 Cr and a paid-up capital of ₹1.04 Cr. It was formerly known as Picasso Properties Private Limited. It is led by directors including Yasmin Lehar Sarma (Whole-Time Director) and Dhitendra Pranlal Badani.
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 48 Indranarayan Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.38 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹2.81 Cr (net margin -83.1%) and EBITDA of -₹2.99 Cr (EBITDA margin -88.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Lokhandwala Infrastructure and Lokhandwala Construction Industries. As per MCA filings, the company has satisfied charges of ₹119.86 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lokhandwala.com.
Company details
Contact details
Lokhandwala Construction Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is lokhandwala.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address48 Indranarayan Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Lokhandwala Construction Industries Private Limited, 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
Brands
Lokhandwala Construction Industries operates two associated brands: Lokhandwala Infrastructure and Lokhandwala Construction Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development services are provided in India. | lokhandwalainfrastructure.com | |
| Construction services are provided by Lokhandwala Construction Industries in India. | lokhandwala.com |
Business activity
The main business activity of Lokhandwala Construction Industries is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Lokhandwala Construction Industries Private Limited, buy the company report.
Financials of Lokhandwala Construction Industries Private Limited
FY 2024 filings availableLokhandwala Construction Industries Private Limited reported revenue of ₹3.38 Cr (down 94% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 94% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 115% 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 | -₹2.99 Cr | ||||
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| Net Profit (PAT) | -₹2.81 Cr | ||||
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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 | -88.3% | ||||
| Net Profit Margin | -83.1% | ||||
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To see the full financial statements and ratios of Lokhandwala Construction Industries Private Limited, buy the company report.
Board of directors of Lokhandwala Construction Industries Private Limited
Lokhandwala Construction Industries has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Homi Ramyar Sukheswala | Additional Director | 05 Apr 2024 | 2 Years 7 Months | Current |
| Yasmin Lehar Sarma Also directs: Lokhandwala Nestings Private Limited | Whole-Time Director | 18 Feb 2008 | 18 Years 8 Months | Current |
| Dhitendra Pranlal Badani | Director | 07 Apr 2004 | 22 Years 7 Months | Current |
| Tasneem Siraj Lokhandwala | Director | 18 Feb 2008 | 18 Years 8 Months | Current |
Auditor
Lokhandwala Construction Industries Private Limited is audited by ARATI SHAH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARATI SHAH AND ASSOCIATES | FY 2023 | 100530W |
Shareholding
The shareholding of Lokhandwala Construction Industries Private Limited 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 Lokhandwala Construction Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2004 | 90219188 | State Bank of India | ₹25 Cr | Satisfied | |
| 23 Jan 2001 | 90219788 | Vijaya Bank | ₹8 Lakh | Satisfied | |
| 01 Jul 1999 | 90218266 | Global Trust Bank Ltd. | ₹3 Cr | Satisfied | |
| 13 Aug 1998 | 90219978 | Tata Finance Ltd. | ₹4 Cr | Satisfied | |
| 11 Jun 1998 | 90210954 | Global Trust Bank Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Lokhandwala Construction Industries Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Lokhandwala Construction Industries Private Limited has 4 court cases on record: 4 filed by Lokhandwala Construction Industries. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Malvika Resorts Pvt.Ltd. With Picasso Properties Pvt.Ltd. and 1 other | Disposed |
| Bombay High Court | Company petition | Filed by the company against Malvika Resorts P.Ltd. With Picasso Properties P.Ltd. and 1 other | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Lokhandwala Construction Industries 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.
MSME payment delays
Lokhandwala Construction Industries Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 79 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Texture Concepts Private Limited | |||
| Vaibhav Coats LLP | |||
| an individual supplier | |||
| Orient Aluminiums Private Limited |
To see the full MSME payment records of Lokhandwala Construction Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lokhandwala Construction Industries Private Limited has a workforce of 62 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Lokhandwala Construction Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP2037M1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lokhandwala Construction Industries Private Limited, buy the company report.
Recent activity
Lokhandwala Construction Industries Private Limited has 9 board changes on record since 2004: 4 appointments and 5 cessations. The latest: Homi Ramyar Sukheswala was appointed as Additional Director on 05 Apr 2024.
24 earlier events are in the company report.
Frequently asked questions
Lokhandwala Construction Industries 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 05 June 1984 (42+ years old) and is registered under CIN U45200MH1984PTC033077.
Lokhandwala Construction Industries has 4 current directors:
- Yasmin Lehar Sarma - Whole-Time Director
- Homi Ramyar Sukheswala - Additional Director
- Dhitendra Pranlal Badani - Director
- Tasneem Siraj Lokhandwala - Director
The latest financial statements of Lokhandwala Construction Industries 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 GSTIN of Lokhandwala Construction Industries is 27AAACP2037M1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lokhandwala Construction Industries is U45200MH1984PTC033077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lokhandwala Construction Industries has 4 court cases on record: 4 filed by the company.
Lokhandwala Construction Industries was incorporated on 05 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Homi Ramyar Sukheswala was appointed as Additional Director on 05 Apr 2024. Shivrao Upendra Prabhu ceased to be Director on 01 May 2017. Zohar Siraj Lokhandwala ceased to be Director on 31 Mar 2010. Lokhandwala Construction Industries has 9 board changes on record in total.
Lokhandwala Construction Industries has 5 MSME Form 1 returns on record between 2019 and 2021, listing 79 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Oct 2021.
Lokhandwala Construction Industries can be reached through the website lokhandwala.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Lokhandwala Construction Industries is at 48 Indranarayan Road Santacruz West, Mumbai, Maharashtra, India – 400054.
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