Merestone Properties Private Limited
About Merestone Properties Private Limited
Data last updated:
Merestone Properties Private Limited is a private limited company based in Sulur, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U45201TZ2013PTC019667. Its GSTIN is 33AAICM7059E1ZG (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Deepak Kumar and Yugendhran Doraiswamy.
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 Old No: 3/8A Kpg Garden Subbiah Nagar Sulur Post, Tamil Nadu, India – 641402.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.64 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.24 Cr (net margin 16.5%) and EBITDA of ₹5.74 Cr (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 102% over three years and 70% over five years.
The company is associated with 1 brand: Merestone. As per MCA filings, the company has open charges of ₹4.63 Cr and satisfied charges of ₹19 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Merestone Properties Private Limited's registered office is in Sulur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOld No: 3/8A Kpg Garden Subbiah Nagar Sulur Post, Tamil Nadu, India – 641402
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Merestone Properties 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
Merestone Properties operates one associated brand: Merestone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops premium gated villa communities and apartments in India. | merestone.in |
Business activity
The main business activity of Merestone Properties 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 Merestone Properties Private Limited, buy the company report.
Financials of Merestone Properties Private Limited
FY 2025 filings availableMerestone Properties Private Limited reported revenue of ₹25.64 Cr (up 412% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 412% growth in the latest year. EBITDA rose 909% 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 |
|---|---|---|---|---|---|
| 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 | ₹5.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.24 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | ||||
| Net Profit Margin | 16.5% | ||||
| 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 Merestone Properties Private Limited, buy the company report.
Board of directors of Merestone Properties Private Limited
Merestone Properties has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Kumar | Director | 10 Jul 2013 | 13 Years 3 Months | Current |
| Yugendhran Doraiswamy | Director | 19 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Merestone Properties Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Cloud 9 Projects Private Limited | ₹25.71 Cr (FY 2017) | -33.0% | New Delhi, Delhi, India | |||
| Ramprastha Builders Private Limited | ₹25.69 Cr (FY 2024) | -15.0% | New Delhi, Delhi, India | |||
| Merestone Properties Private Limitedthis company | ₹25.64 Cr (FY 2025) | ₹4.24 Cr | 16.5% | 412.0% | Sulur, Tamil Nadu, India | |
| Jineshwar Enterprises Pvt Ltd | ₹25.62 Cr (FY 2024) | 330.0% | Kolkata, West Bengal, India | |||
| N.D. Developers Private Limited | ₹25.61 Cr (FY 2024) | -15.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Merestone Properties Private Limited, buy the company report.
Auditor
Merestone Properties Private Limited is audited by V E K A M AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V E K A M AND ASSOCIATES | FY 2022 | 005256S |
Shareholding
The shareholding of Merestone Properties Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Merestone Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101172702 | Idbi Bank Limited | ₹4.6 Cr | Open | |
| 07 Dec 2020 | 100400946 | Others | ₹3 Lakh | Open | |
| 27 Jan 2022 | 100551817 | Others | ₹19 Lakh | Satisfied |
To see the full charge records of Merestone Properties Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Merestone Properties Private Limited 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 Merestone Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Merestone Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICM7059E1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Merestone Properties Private Limited, buy the company report.
Recent activity
Merestone Properties Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Dhavamani Doraiswamy ceased to be Managing Director on 21 Jun 2018.
Frequently asked questions
Merestone Properties is an active private limited company based in Sulur, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 July 2013 (13+ years old) and is registered under CIN U45201TZ2013PTC019667.
Merestone Properties has 2 current directors:
- Deepak Kumar - Director
- Yugendhran Doraiswamy - Director
The latest financial statements of Merestone Properties 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 Merestone Properties is 33AAICM7059E1ZG, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Merestone Properties is U45201TZ2013PTC019667. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Merestone Properties was incorporated on 10 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Merestone Properties by revenue are Cloud 9 Projects Private Limited, Ramprastha Builders Private Limited, Jineshwar Enterprises Pvt Ltd, N.D. Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Dhavamani Doraiswamy ceased to be Managing Director on 21 Jun 2018. Yugendhran Doraiswamy was appointed as Director on 19 Jun 2018. Deepak Kumar was appointed as Director on 10 Jul 2013.
The registered office of Merestone Properties is at Old No: 38A Kpg Garden Subbiah Nagar Sulur Post, Tamil Nadu, India – 641402.
Merestone Properties operates in the real estate and construction industry, in the real estate builders and developers segment.
Merestone Properties has open charges of ₹4.63 Cr and satisfied charges of ₹19 Lakh as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
