About Mindspace Business Parks Private Limited
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Mindspace Business Parks Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 23 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC143610. Its GSTIN is 27AAHCS8388M1ZD (Maharashtra). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹33.8 Cr and a paid-up capital of ₹8.15 Lakh. It was formerly known as Serene Properties Private Limited. It is led by directors including Ramesh Kumar Nair and Preeti Naveen Chheda.
Its last annual general meeting (AGM) was held on 20 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹752.65 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹194.63 Cr (net margin 25.9%) and EBITDA of ₹503.88 Cr (EBITDA margin 66.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,235 Cr and satisfied charges of ₹9,530.77 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 5 filed against it; 6 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹468.88 Cr; the latest was in September 2020. Its 6 peer companies in the Power industry (Builders and Developers, Transmission and Distribution), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 4 smaller; the largest is Mysore Projects Private Limited with revenue of ₹771.77 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,338 overdue payments to 170 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 mindspaceindia.com.
Company details
Contact details
Mindspace Business Parks Private Limited's registered office is in Mumbai, Maharashtra. Its website is mindspaceindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. C – 30 Block 'G' Opp. Sidbi Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Mindspace Business Parks 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
Business activity
The main business activity of Mindspace Business Parks is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Mindspace Business Parks Private Limited, buy the company report.
Financials of Mindspace Business Parks Private Limited
FY 2025 filings availableMindspace Business Parks Private Limited reported revenue of ₹752.65 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 5% growth in the latest year. EBITDA rose 2% 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 | ₹503.88 Cr | ||||
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| Net Profit (PAT) | ₹194.63 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 66.9% | ||||
| Net Profit Margin | 25.9% | ||||
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To see the full financial statements and ratios of Mindspace Business Parks Private Limited, buy the company report.
Board of directors of Mindspace Business Parks Private Limited
Mindspace Business Parks has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kumar Nair Also directs: K.Raheja IT Park (Hyderabad) Limited, Intime Properties Limited, Horizonview Properties Private Limited and 5 more | Nominee Director | 28 Dec 2023 | 2 Years 10 Months | Current |
| Preeti Naveen Chheda Also directs: K.Raheja IT Park (Hyderabad) Limited, Intime Properties Limited, Horizonview Properties Private Limited and 5 more | Nominee Director | 26 Sep 2020 | 6 Years 1 Months | Current |
| Sunil Madhav Hingorani Also directs: K Raheja Corp Real Estate Private Limited, Rafferty Developments Private Limited, Gigaplex Estate Private Limited and 5 more | Nominee Director | 04 Feb 2014 | 12 Years 8 Months | Current |
| Vinod Nandlal Rohira Also directs: Primework Properties LLP, K Raheja Corp Real Estate Private Limited, Rafferty Developments Private Limited and 5 more | Nominee Director | 26 Jun 2013 | 13 Years 4 Months | Current |
Peer comparison
Mindspace Business Parks Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Builders and Developers, Transmission and Distribution), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mysore Projects Private Limited | ₹771.77 Cr (FY 2025) | -43.0% | Bangalore, Karnataka, India | |||
| Vikas Telecom Private Limited | ₹767.79 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Mindspace Business Parks Private Limitedthis company | ₹752.65 Cr (FY 2025) | ₹194.63 Cr | 25.9% | 5.0% | 2 | Mumbai, Maharashtra, India |
| Rostrum Realty Private Limited | ₹748.81 Cr (FY 2025) | 16.0% | Mini Sectt, Haryana, India | |||
| Inorbit Malls (India) Private Limited | ₹740.44 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Arvind Smartspaces Limited | ₹736.12 Cr (FY 2025) | 110.0% | Ahmedabad, Gujarat, India | |||
| Parmesh Construction Company Limited | ₹735.14 Cr (FY 2024) | 45.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Mindspace Business Parks Private Limited, buy the company report.
Auditor
Mindspace Business Parks Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Mindspace Business Parks 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 Mindspace Business Parks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2025 | 101211176 | Idbi Trusteeship Services Limited | ₹145 Cr | Open | |
| 18 Jun 2025 | 101121948 | Others | ₹425 Cr | Open | |
| 12 Jun 2025 | 101120144 | Idbi Trusteeship Services Limited | ₹425 Cr | Open | |
| 08 May 2025 | 101215511 | Idbi Trusteeship Services Limited | ₹600 Cr | Open | |
| 10 Mar 2025 | 101069124 | Axis Bank Limited | ₹145 Cr | Open |
To see the full charge records of Mindspace Business Parks Private Limited, buy the company report.
Total charge records: 64 View all charges
Deals & funding
Mindspace Business Parks Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹468.88 Cr; the latest was in September 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Secondary share transfer | Undisclosed | Seller: Inorbit Malls (India) Private Limited , Capstan Trading Private Limited , 2 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Blackstone Advisors India |
| Mar 2017 | Funding round | ₹352 Cr | Investors: Blackstone Advisors India |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Anbee Constructions LLP , K Raheja Corp Private Limited , 2 individuals Seller: I-3 Company Mauritius Limited |
| Mar 2007 | Funding round | ₹83.18 Cr | Investors: I-3 Company Mauritius Limited |
To see the full deal history of Mindspace Business Parks Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mindspace Business Parks Private Limited has 14 court cases on record: 9 filed by Mindspace Business Parks, 5 filed against it. 6 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 0 | 4 |
| District courts | 5 | 4 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Capstone Securities Analysis Pvt.Ltd.Through Ravi Nageshwararao Tangudu | Pending |
| District court, Pune, Maharashtra | Court case (Civil Revn.) | Filed against the company by Capstone Securities Analysis Pvt.Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India and Ors | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Union of India and Ors | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Pune Municipal Corporation and Ors and 5 others | Pending |
To see the full case history of Mindspace Business Parks 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.
Credit ratings & regulatory alerts
Mindspace Business Parks Private Limited was last rated by Icra on 14 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Apr 2022 |
To see the full credit ratings and regulatory alerts of Mindspace Business Parks Private Limited, buy the company report.
MSME payment delays
Mindspace Business Parks Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,338 overdue payments to 170 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 (5 of 170)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| D41 World Trading LLP | |||
| Pinnacle Rewards & Recognition Private Limited | |||
| an individual supplier | |||
| Triton Greentech Innovations Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mindspace Business Parks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mindspace Business Parks Private Limited has a workforce of 2 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Mindspace Business Parks has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS8388M1ZD | Maharashtra | Active | 01 Jul 2017 |
| 27AAHCS8388M2ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAHCS8388M3ZB | Maharashtra | Active | 02 Aug 2017 |
| 27AAHCS8388M4ZA | Maharashtra | Active | 06 Nov 2017 |
To see the full GST registrations and return filing status of Mindspace Business Parks Private Limited, buy the company report.
Recent activity
Mindspace Business Parks Private Limited has 15 board changes on record since 2007: 4 appointments and 11 cessations. The latest: Ramesh Kumar Nair ceased to be Additional Director on 17 Jun 2024.
138 earlier events are in the company report.
News
Frequently asked questions
Mindspace Business Parks is an active private limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 23 December 2003 (23+ years old) and is registered under CIN U45200MH2003PTC143610.
Mindspace Business Parks has 4 current directors:
- Ramesh Kumar Nair - Nominee Director
- Preeti Naveen Chheda - Nominee Director
- Sunil Madhav Hingorani - Nominee Director
- Vinod Nandlal Rohira - Nominee Director
The latest financial statements of Mindspace Business Parks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mindspace Business Parks is 27AAHCS8388M1ZD, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAHCS8388M2ZC (Maharashtra), 27AAHCS8388M3ZB (Maharashtra), 27AAHCS8388M4ZA (Maharashtra).
The CIN (Corporate Identification Number) of Mindspace Business Parks is U45200MH2003PTC143610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindspace Business Parks has 14 court cases on record: 9 filed by the company and 5 filed against it. 6 are pending. Most are in the high courts.
Mindspace Business Parks was incorporated on 23 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Mindspace Business Parks has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹468.88 Cr; the latest was in September 2020.
The peers of Mindspace Business Parks by revenue are Mysore Projects Private Limited, Vikas Telecom Private Limited, Rostrum Realty Private Limited, Inorbit Malls (India) Private Limited, Arvind Smartspaces Limited and 1 more, all in the Power industry (Builders and Developers, Transmission and Distribution), with the same principal business activity (real estate activities with own or leased property).
Ramesh Kumar Nair ceased to be Additional Director on 17 Jun 2024. Ramesh Kumar Nair was appointed as Nominee Director on 28 Dec 2023. Himanshu Joshi ceased to be Company Secretary on 31 Oct 2022. Mindspace Business Parks has 15 board changes on record in total.
Mindspace Business Parks has 11 MSME Form 1 returns on record between 2019 and 2023, listing 1,338 overdue payments to 170 micro and small suppliers. The latest return was filed on 26 Oct 2023.
Mindspace Business Parks can be reached through the website mindspaceindia.com. Its registered office is in Mumbai, Maharashtra, India.