About Mind Space Realty Private Limited
Data last updated:
Mind Space Realty 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 28 November 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2005PTC189653. Its GSTIN is 27AAECM4630M1Z9 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Ramesh Nanji Thakkar and Ketan Ramesh Thakkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Dhiraj Chambers Hazarimal Somani Marg, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.33 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹86.02 Lakh (net margin -2.3%) and EBITDA of ₹1.88 Cr (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 66% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindspace Realty. As per MCA filings, the company has satisfied charges of ₹240.11 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 2 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in October 2006. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 22 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mindspacerealty.com.
Company details
CIN history
Mind Space Realty has one previous CIN (Corporate Identification Number): U70101PN2005PTC021603. The current CIN is U70101MH2005PTC189653, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101MH2005PTC189653 | Current |
| U70101PN2005PTC021603 | Previous |
Contact details
Mind Space Realty Private Limited's registered office is in Mumbai, Maharashtra. Its website is mindspacerealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor Dhiraj Chambers Hazarimal Somani Marg, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Mind Space Realty 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
Mind Space Realty operates one associated brand: Mindspace Realty. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate remodeling and construction services for residential and commercial properties in cities like Pune. | mindspacerealty.com |
Business activity
The main business activity of Mind Space Realty is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Mind Space Realty Private Limited, buy the company report.
Financials of Mind Space Realty Private Limited
FY 2024 filings availableMind Space Realty Private Limited reported revenue of ₹37.33 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 66%. EBITDA fell 83% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹86.02 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | -2.3% | ||||
| 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 Mind Space Realty Private Limited, buy the company report.
Board of directors of Mind Space Realty Private Limited
Mind Space Realty has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Nanji Thakkar Also directs: Hermes Agro Industries Private Limited, Hermes Travel and Cargo Private Limited, Hermes Realty Private Limited and 5 more | Director | 28 Nov 2005 | 20 Years 11 Months | Current |
| Ketan Ramesh Thakkar Also directs: Terraza Realty LLP, Prismglow Realty LLP, Hermes Agro Industries Private Limited and 5 more | Director | 31 Mar 2019 | 7 Years 7 Months | Current |
| Rohan Mukesh Thakkar | Director | 19 Aug 2020 | 6 Years 2 Months | Current |
| Prashant Omprakash Bhandari | Director | 31 Mar 2019 | 7 Years 7 Months | Current |
| Nirav Mukesh Dholakia | Nominee Director | 14 Sep 2023 | 3 Years 1 Months | Current |
| Ashish Omprakash Bhandari Also directs: Mind Space Hotels and Resorts Private Limited, Kamla Infravest Development Private Limited, Barcode Creations LLP and 4 more | Director | 31 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Mind Space Realty Private Limited is audited by NIRMAL NAHATA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRMAL NAHATA & ASSOCIATES | FY 2022 | 0116034W |
Shareholding
The shareholding of Mind Space Realty 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 Mind Space Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Feb 2019 | 100258546 | Others | ₹35 Cr | Satisfied | |
| 07 Jul 2018 | 100189994 | Others | ₹15 Cr | Satisfied | |
| 18 Mar 2014 | 10483843 | Icici Bank Limited | ₹22 Cr | Satisfied | |
| 22 Jan 2014 | 10473977 | Bank of Baroda | ₹10.85 Lakh | Satisfied | |
| 23 Oct 2013 | 10455250 | Icici Bank Limited | ₹12 Cr | Satisfied |
To see the full charge records of Mind Space Realty Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mind Space Realty Private Limited has 1 deal on record (1 acquisition); the latest was in October 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2006 | Acquisition | ₹39.86 Cr | Buyer: Urban Infrastructure Venture Capital Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mind Space Realty Private Limited has 10 court cases on record: 3 filed by Mind Space Realty, 7 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 1 |
| High courts | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company against Modi Landscape Private Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 4 Pune | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Mind Space Realty 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
Mind Space Realty Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 22 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shanti Sales | |||
| RDC Concrete(India) Limited |
To see the full MSME payment records of Mind Space Realty Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mind Space Realty Private Limited has a workforce of 16 employees on its EPFO records as of Mar 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 16 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Mind Space Realty Private Limited, buy the company report.
GST
Mind Space Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM4630M1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mind Space Realty Private Limited, buy the company report.
Recent activity
Mind Space Realty Private Limited has 14 board changes on record since 2005: 6 appointments and 8 cessations. The latest: Bittal Mangilal Singhi ceased to be Director on 14 Sep 2023.
26 earlier events are in the company report.
Frequently asked questions
Mind Space Realty 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 28 November 2005 (21+ years old) and is registered under CIN U70101MH2005PTC189653.
Mind Space Realty has 6 current directors:
- Ramesh Nanji Thakkar - Director
- Ketan Ramesh Thakkar - Director
- Rohan Mukesh Thakkar - Director
- Prashant Omprakash Bhandari - Director
- Nirav Mukesh Dholakia - Nominee Director
- Ashish Omprakash Bhandari - Director
The latest financial statements of Mind Space Realty on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mind Space Realty is 27AAECM4630M1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mind Space Realty is U70101MH2005PTC189653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mind Space Realty has 10 court cases on record: 3 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Mind Space Realty was incorporated on 28 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Mind Space Realty has 1 deal on record (1 acquisition); the latest was in October 2006.
Bittal Mangilal Singhi ceased to be Director on 14 Sep 2023. Nirav Mukesh Dholakia was appointed as Nominee Director on 14 Sep 2023. Rohan Mukesh Thakkar ceased to be Additional Director on 31 Dec 2020. Mind Space Realty has 14 board changes on record in total.
Mind Space Realty has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 22 overdue payments to 2 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Mind Space Realty can be reached through the website mindspacerealty.com. Its registered office is in Mumbai, Maharashtra, India.
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.
