MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-13-0021502
Maa Ashapura Projects Private Limited
Maa Ashapura Projects Private Limited - real estate and construction in Bhuj, Gujarat, India. Directors, charges & compliance details.
Revenue · FY 2025
₹2.71 Cr
▼ 37% YoY
Net loss · FY 2025
₹11.25 Lakh
Net margin -4.1%
EBITDA · FY 2025
₹47.43 Lakh
EBITDA margin 17.5%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹1.08 Lakh
Issued & subscribed
Open charges
₹5.28 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
About Maa Ashapura Projects Private Limited
Data last updated:
Maa Ashapura Projects Private Limited is a private limited company based in Bhuj, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45400GJ2021PTC125505. Its GSTIN is 24AAOCM9520E1ZF (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1.08 Lakh. It is led by directors including Shankarkumar Dayaram Bhanushali and Vipul Shambhulal Gori.
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 Bhuj, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.71 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹11.25 Lakh (net margin -4.1%) and EBITDA of ₹47.43 Lakh (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years.
As per MCA filings, the company has open charges of ₹5.28 Cr on record. Court records list 51 cases involving the company, including 51 filed against it; 40 cases are pending.
Maa Ashapura Projects Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-13-0021502). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U45400GJ2021PTC125505
Registration Number 125505
Incorporation Date 10 September 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-13-0021502
Key People
Shankarkumar Dayaram Bhanushali Director Vipul Shambhulal Gori Director Nihal Soni Additional Director Recognitions & Rankings of Maa Ashapura Projects
Contact details
Maa Ashapura Projects Private Limited's registered office is in Bhuj, Gujarat.
- Registered AddressOffice No 202 Second Floor, Time Square Empire, Bhuj, Gujarat, India – 370001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
Comprehensive company report
Maa Ashapura Projects 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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Business activity
The main business activity of Maa Ashapura Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Maa Ashapura Projects Private Limited, buy the company report.
Financials of Maa Ashapura Projects Private Limited
FY 2025 filings availableMaa Ashapura Projects Private Limited reported revenue of ₹2.71 Cr (down 37% YoY) for FY 2025.
Revenue · FY 2025
₹2.71 Cr ▼ 37%
Net loss · FY 2025
₹11.25 Lakh margin -4.1%
EBITDA · FY 2025
₹47.43 Lakh margin 17.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 109%
Revenue fell 37% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA fell 11% 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 |
|---|---|---|---|---|
| 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 | ₹47.43 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹11.25 Lakh | |||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 17.5% | |||
| Net Profit Margin | -4.1% | |||
| 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 | ||||
To see the full financial statements and ratios of Maa Ashapura Projects Private Limited, buy the company report.
Board of directors of Maa Ashapura Projects Private Limited
Maa Ashapura Projects has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankarkumar Dayaram Bhanushali Also directs: Maa Ashapura Earth Mining Private Limited | Director | 10 Sep 2021 | 5 Years 2 Months | Current |
| Vipul Shambhulal Gori Also directs: Maa Ashapura Earth Mining Private Limited | Director | 10 Sep 2021 | 5 Years 2 Months | Current |
| Nihal Soni | Additional Director | 23 Jul 2025 | 1 Years 3 Months | Current |
| Chetan Bharatbhai Thakkar Also directs: Sarnal Alpha Ventures LLP | Additional Director | 23 Jul 2025 | 1 Years 3 Months | Current |
Charges & borrowings
Open charges
₹5.28 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2024 | 100939104 | Others | ₹9 Lakh | Open | |
| 18 Mar 2024 | 100890574 | Others | ₹49.23 Lakh | Open | |
| 15 Mar 2024 | 100890572 | Others | ₹39 Lakh | Open | |
| 24 Feb 2024 | 100917520 | Others | ₹28.3 Lakh | Open | |
| 17 Feb 2024 | 100874862 | Others | ₹23.39 Lakh | Open |
Total charge records: 11 View all charges
Legal cases
Maa Ashapura Projects Private Limited has 51 court cases on record: 51 filed against it. 40 cases are pending and 11 are disposed.
Total cases
51
Filed against the company
51
Pending
40
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 51 | 40 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Cholamandalam Investment and Finance Company Ltd | Pending |
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Ltd. | Disposed |
To see the full case history of Maa Ashapura Projects 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
No delayed payments to MSME suppliers are on our record for Maa Ashapura Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maa Ashapura Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCM9520E1ZF | Gujarat | Active | 25 Sep 2021 |
To see the full GST registrations and return filing status of Maa Ashapura Projects Private Limited, buy the company report.
Recent activity
Maa Ashapura Projects Private Limited has 8 board changes on record since 2021: 4 appointments and 4 cessations. The latest: Chetan Bharatbhai Thakkar ceased to be Additional Director on 29 Sep 2025.
AGM
Maa Ashapura Projects Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Chetan Bharatbhai Thakkar ceased to be Additional Director.
Ceased
Nihal Soni ceased to be Additional Director.
Appointed
Chetan Bharatbhai Thakkar was appointed as Additional Director.
Appointed
Nihal Soni was appointed as Additional Director.
Ceased
Neelam Shankarkumar Bhanushali ceased to be Director.
Ceased
Vijaya Vipul Gori ceased to be Director.
Filing
Maa Ashapura Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 9.00 Lakh with Charge ID 100939104 was registered on 29 Mar 2024.
Charges
A charge with Others amounted to Rs. 49.23 Lakh with Charge ID 100890574 was registered on 18 Mar 2024.
Charges
A charge with Others amounted to Rs. 39.00 Lakh with Charge ID 100890572 was registered on 15 Mar 2024.
Charges
A charge with Others amounted to Rs. 28.30 Lakh with Charge ID 100917520 was registered on 24 Feb 2024.
10 earlier events are in the company report.
Frequently asked questions
Maa Ashapura Projects is an active private limited company based in Bhuj, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 September 2021 (5+ years old) and is registered under CIN U45400GJ2021PTC125505.
Maa Ashapura Projects has 4 current directors:
- Shankarkumar Dayaram Bhanushali - Director
- Vipul Shambhulal Gori - Director
- Nihal Soni - Additional Director
- Chetan Bharatbhai Thakkar - Additional Director
The latest financial statements of Maa Ashapura Projects 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 FY 2022 are in the company report.
The GSTIN of Maa Ashapura Projects is 24AAOCM9520E1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Maa Ashapura Projects is U45400GJ2021PTC125505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maa Ashapura Projects has 51 court cases on record: 51 filed against it. 40 are pending.
Maa Ashapura Projects was incorporated on 10 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Chetan Bharatbhai Thakkar ceased to be Additional Director on 29 Sep 2025. Nihal Soni ceased to be Additional Director on 29 Sep 2025. Chetan Bharatbhai Thakkar was appointed as Additional Director on 23 Jul 2025. Maa Ashapura Projects has 8 board changes on record in total.
Yes, Maa Ashapura Projects is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-13-0021502).
The registered office of Maa Ashapura Projects is at Office No 202 Second Floor, Time Square Empire, Bhuj, Gujarat, India – 370001.
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