Achit Infrastructure Private Limited
About Achit Infrastructure Private Limited
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Achit Infrastructure Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2006PTC038467. Its GSTIN is 29AAGCA4782N1Z0 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Basani Mathyas Reddy and Basani Shalini Priyadarshinireddy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at # 97 Ground Floor Achit Nagara Soladevanahalli, Bengaluru, Karnataka, India – 560107.
As per the financials filed for FY 2023, the company reported a revenue of ₹18.89 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net profit of ₹32.4 Lakh (net margin 1.7%) and EBITDA of ₹5.99 Cr (EBITDA margin 31.7%). Revenue has grown at a compounded annual rate (CAGR) of 176% over three years.
As per MCA filings, the company has open charges of ₹20.71 Cr and satisfied charges of ₹20 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Achit Infrastructure Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 97 Ground Floor Achit Nagara Soladevanahalli, Bengaluru, Karnataka, India – 560107
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Achit Infrastructure 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 Achit Infrastructure is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Achit Infrastructure Private Limited, buy the company report.
Financials of Achit Infrastructure Private Limited
FY 2023 filings availableAchit Infrastructure Private Limited reported revenue of ₹18.89 Cr (down 69% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 69% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 176%. EBITDA fell 86% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹5.99 Cr | ||||
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| Net Profit (PAT) | ₹32.4 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 31.7% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Achit Infrastructure Private Limited, buy the company report.
Board of directors of Achit Infrastructure Private Limited
Achit Infrastructure has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basani Mathyas Reddy Also directs: Aries Hydro Power Private Limited | Director | 23 Mar 2011 | 15 Years 7 Months | Current |
| Basani Shalini Priyadarshinireddy Also directs: Chiteta Mining Company Private Limited, L7h Natural Resources Private Limited, SLV Minerals and Mining Private Limited and 5 more | Director | 01 Jun 2019 | 7 Years 4 Months | Current |
| Basani Premnath Reddy Also directs: Chiteta Mining Company Private Limited, L7h Natural Resources Private Limited, SLV Minerals and Mining Private Limited and 5 more | Director | 13 Feb 2006 | 20 Years 8 Months | Current |
Auditor
Achit Infrastructure Private Limited is audited by M K TYAGI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K TYAGI & CO | FY 2021 | 009124S |
Shareholding
The shareholding of Achit Infrastructure Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Achit Infrastructure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2022 | 100590280 | Karnataka Bank Ltd. | ₹17 Cr | Open | |
| 17 Jun 2020 | 100347516 | Karnataka Bank Ltd. | ₹1.71 Cr | Open | |
| 16 Jun 2020 | 100347855 | Karnataka Bank Ltd. | ₹2 Cr | Open | |
| 23 Jul 2019 | 100284405 | Karnataka Bank Ltd. | ₹20 Cr | Satisfied |
To see the full charge records of Achit Infrastructure Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Achit Infrastructure Private Limited has 4 court cases on record: 1 filed by Achit Infrastructure, 3 filed against it. 3 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 3 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against M/S NCC Urban Infrastructure Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Achit Infrastructure 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 Achit Infrastructure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Achit Infrastructure has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCA4782N1Z0 | Karnataka | Active | 21 Jan 2018 |
To see the full GST registrations and return filing status of Achit Infrastructure Private Limited, buy the company report.
Recent activity
Achit Infrastructure Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Hanuma Reddy Chinta ceased to be Additional Director on 07 Jun 2024.
2 earlier events are in the company report.
Frequently asked questions
Achit Infrastructure is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 February 2006 (20+ years old) and is registered under CIN U70102KA2006PTC038467.
Achit Infrastructure has 3 current directors:
- Basani Mathyas Reddy - Director
- Basani Shalini Priyadarshinireddy - Director
- Basani Premnath Reddy - Director
The latest financial statements of Achit Infrastructure on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Achit Infrastructure is 29AAGCA4782N1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Achit Infrastructure is U70102KA2006PTC038467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Achit Infrastructure has 4 court cases on record: 1 filed by the company and 3 filed against it. 3 are pending.
Achit Infrastructure was incorporated on 13 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Hanuma Reddy Chinta ceased to be Additional Director on 07 Jun 2024. Basani Shalini Priyadarshinireddy ceased to be Additional Director on 30 Sep 2019. Basani Shalini Priyadarshinireddy was appointed as Director on 01 Jun 2019. Achit Infrastructure has 6 board changes on record in total.
The registered office of Achit Infrastructure is at # 97 Ground Floor Achit Nagara Soladevanahalli, Bengaluru, Karnataka, India – 560107.
Achit Infrastructure operates in the real estate and construction industry, in the real estate builders and developers segment.