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 17 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 9 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in October 2006. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Mahaluxmi Infrahome Private Limited with revenue of ₹37.5 Cr. 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.
CIN History of Mind Space Realty Private Limited
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 |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor Dhiraj Chambers Hazarimal Somani Marg, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Associated Brands with Mind Space Realty Private Limited
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 of Mind Space Realty Private Limited
The main business activity of Mind Space Realty is real estate activities. In detail, this covers real estate activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mind Space Realty Private Limited FY 2024 filings available
Mind Space Realty Private Limited reported revenue of ₹37.33 Cr (down 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mind Space Realty Private Limited
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 of Mind Space Realty Private Limited
| 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 of Mind Space Realty Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mind Space Realty are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 10 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 6 Months | Current |
| Rohan Mukesh Thakkar | Director | 19 Aug 2020 | 6 Years 2 Months | Current |
| Prashant Omprakash Bhandari | Director | 31 Mar 2019 | 7 Years 6 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 6 Months | Current |
Peer Comparison of Mind Space Realty Private Limited
Mind Space Realty Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahaluxmi Infrahome Private Limited | ₹37.5 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Greenfinch Projects Private Limited | ₹37.5 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Bangalore, Karnataka, India |
| VR Majha Limited | ₹37.48 Cr (FY 2024) | •••• | •••• | -2.0% | •••• | Amritsar, Punjab, India |
| Silver Creeks Infra Private Limited | ₹37.44 Cr (FY 2024) | •••• | •••• | 242.0% | •••• | Jaipur, Rajasthan, India |
| Quadro Info Technologies Private Limited | ₹37.42 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Mind Space Realty Private Limited this company | ₹37.33 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Mumbai, Maharashtra, India |
| Forum Homes Private Limited | ₹37.33 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Mumbai, Maharashtra, India |
| Shree BCC (India) Private Limited | ₹37.33 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Lucknow, Uttar Pradesh, India |
| Suratwwala Business Group Limited Listed | ₹37.32 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Pune, Maharashtra, India |
| Madhya Pradesh Police Housing and Infrastructure Development Corporation Limited | ₹37.32 Cr (FY 2020) | •••• | •••• | 2.0% | •••• | Bhopal, Madhya Pradesh, India |
| Shivalik Developers Private Limited | ₹37.31 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Mind Space Realty by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mind Space Realty Private Limited
Mind Space Realty Private Limited is audited by NIRMAL NAHATA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NIRMAL NAHATA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mind Space Realty Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mind Space Realty Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2019 | Others | ₹35 Cr | Satisfied |
| 07 Jul 2018 | Others | ₹15 Cr | Satisfied |
| 18 Mar 2014 | Icici Bank Limited | ₹22 Cr | Satisfied |
| 22 Jan 2014 | Bank of Baroda | ₹10.85 Lakh | Satisfied |
| 23 Oct 2013 | Icici Bank Limited | ₹12 Cr | Satisfied |
Total charge records: 9 View all charges
Deals & Funding of Mind Space Realty Private Limited
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 |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Mind Space Realty Private Limited
Mind Space Realty Private Limited has 9 court cases on record: 2 filed by Mind Space Realty, 6 filed against it, 1 where it is another party. 2 cases are pending and 7 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 1 |
| High courts | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay 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 |
| District court, Pune, Maharashtra | Court case (R.C.C.) | Filed against the company by an individual | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Mind Space Realty Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mind Space Realty Private Limited
Mind Space Realty Private Limited has a workforce of 17 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mind Space Realty Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mind Space Realty Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mind Space Realty Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mind Space Realty Private Limited
Mind Space Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM4630M1Z9 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mind Space Realty Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mind Space Realty Private Limited
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 reported revenue of ₹37.33 Cr for FY 2024 (down 15% YoY).
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
Mind Space Realty reported a net loss of ₹86.02 Lakh (net margin -2.3%) and EBITDA of ₹1.88 Cr (EBITDA margin 5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mind Space Realty is 28% over three years and 66% over five years. In the latest year (FY 2024) revenue fell 15%. CAGR is the steady yearly rate that links the first and the last year.
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 9 court cases on record: 2 filed by the company and 6 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.
The peers of Mind Space Realty by revenue are Mahaluxmi Infrahome Private Limited, Greenfinch Projects Private Limited, VR Majha Limited, Silver Creeks Infra Private Limited, Quadro Info Technologies Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
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.