About Vaswani Whitefield Projects Private Limited
Data last updated:
Vaswani Whitefield Projects Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Vaswani Estates Developers Private Limited.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2005PTC036222. Its GSTIN is 29AACCV1147J1Z6 (Karnataka).
The company has an authorised share capital of ₹46 Cr and a paid-up capital of ₹45.49 Cr. It was formerly known as Vaswani Whitefield Projects (Bangalore) Private Limited and Vaswani Technology Park Private Limited. It is led by directors Neville Maniklal Vaswani and Arun Advani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
As per the financials filed for FY 2025, the company reported a revenue of ₹62.9 Cr, a growth of 130% compared to the previous year. For the same year it recorded a net profit of ₹2.98 Cr (net margin 4.7%) and EBITDA of ₹6.83 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 6% over five years.
As per MCA filings, the company has satisfied charges of ₹225.3 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in March 2014. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Kabir Infra Private Limited with revenue of ₹63.15 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaswanigroup.com.
Company details
Name history
Vaswani Whitefield Projects has undergone 2 name changes throughout its history. The company was previously known as Vaswani Whitefield Projects (Bangalore) Private Limited, and Vaswani Technology Park Private Limited. The current legal name is Vaswani Whitefield Projects Private Limited.
| Company Name | Status |
|---|---|
| Vaswani Whitefield Projects Private Limited | Current |
| Vaswani Whitefield Projects (Bangalore) Private Limited | Previous |
| Vaswani Technology Park Private Limited | Previous |
CIN history
Vaswani Whitefield Projects has one previous CIN (Corporate Identification Number): U72200KA2005PTC036222. The current CIN is U45200KA2005PTC036222, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200KA2005PTC036222 | Current |
| U72200KA2005PTC036222 | Previous |
Contact details
Vaswani Whitefield Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is vaswanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vaswani Whitefield Projects 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 Vaswani Whitefield Projects 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 Vaswani Whitefield Projects Private Limited, buy the company report.
Financials of Vaswani Whitefield Projects Private Limited
FY 2024 filings availableVaswani Whitefield Projects Private Limited reported revenue of ₹62.9 Cr (up 130% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 130% growth in the latest year. EBITDA fell 36% 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 | ₹6.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.98 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 | 10.9% | ||||
| Net Profit Margin | 4.7% | ||||
| 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 Vaswani Whitefield Projects Private Limited, buy the company report.
Board of directors of Vaswani Whitefield Projects Private Limited
Vaswani Whitefield Projects has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neville Maniklal Vaswani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Peninsula Projects (Bangalore) Private Limited and 5 more | Director | 04 May 2005 | 21 Years 5 Months | Current |
| Arun Advani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Peninsula Projects (Bangalore) Private Limited and 5 more | Director | 04 May 2005 | 21 Years 5 Months | Current |
Peer comparison
Vaswani Whitefield Projects Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Kabir Infra Private Limited | ₹63.15 Cr (FY 2024) | 106.0% | Ludhiana, Punjab, India | |||
| Vaswani Whitefield Projects Private Limitedthis company | ₹62.9 Cr (FY 2025) | ₹2.98 Cr | 4.7% | 130.0% | Bangalore, Karnataka, India | |
| KLV Colonisers Private Limited | ₹62.82 Cr (FY 2024) | 140.0% | Mohali, Punjab, India | |||
| Pragmatic Infrastructure Limited | ₹62.75 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vaswani Whitefield Projects Private Limited, buy the company report.
Auditor
Vaswani Whitefield Projects Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W / E300004 |
Shareholding
The shareholding of Vaswani Whitefield Projects 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 Vaswani Whitefield Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2023 | 100750374 | Others | ₹30 Cr | Satisfied | |
| 26 Jul 2021 | 100468221 | Others | ₹15.3 Cr | Satisfied | |
| 29 Dec 2017 | 100153270 | Others | ₹120 Cr | Satisfied | |
| 14 Nov 2014 | 10540523 | Housing Development Finance Corporation Limited | ₹60 Cr | Satisfied |
To see the full charge records of Vaswani Whitefield Projects Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vaswani Whitefield Projects Private Limited has 1 deal on record (1 acquisition); the latest was in March 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Acquisition | ₹69.26 Cr | Buyer: Jpmorgan Asset Management India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vaswani Whitefield Projects Private Limited has 8 court cases on record: 4 filed by Vaswani Whitefield Projects, 4 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 0 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Kaman Holdings Private Limited and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Kaman Holding Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Kaman Holdings Private Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
To see the full case history of Vaswani Whitefield Projects 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 Vaswani Whitefield Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vaswani Whitefield Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV1147J1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vaswani Whitefield Projects Private Limited, buy the company report.
Recent activity
Vaswani Whitefield Projects Private Limited has 16 board changes on record since 2005: 9 appointments and 7 cessations. The latest: Karan Ramesh Vaswani ceased to be Nominee Director on 01 Sep 2023.
16 earlier events are in the company report.
Frequently asked questions
Vaswani Whitefield Projects is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 May 2005 (21+ years old) and is registered under CIN U45200KA2005PTC036222.
Vaswani Whitefield Projects has 2 current directors:
- Neville Maniklal Vaswani - Director
- Arun Advani - Director
The latest financial statements of Vaswani Whitefield Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vaswani Whitefield Projects is 29AACCV1147J1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Vaswani Whitefield Projects is U45200KA2005PTC036222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaswani Whitefield Projects has 8 court cases on record: 4 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Vaswani Whitefield Projects was incorporated on 04 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Vaswani Whitefield Projects has 1 deal on record (1 acquisition); the latest was in March 2014.
The peers of Vaswani Whitefield Projects by revenue are Kabir Infra Private Limited, KLV Colonisers Private Limited, Pragmatic Infrastructure Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Karan Ramesh Vaswani ceased to be Nominee Director on 01 Sep 2023. Ian Alexander Cohen ceased to be Nominee Director on 03 Aug 2023. Steven James Mc Elwain ceased to be Nominee Director on 03 Aug 2023. Vaswani Whitefield Projects has 16 board changes on record in total.
Vaswani Whitefield Projects can be reached through the website vaswanigroup.com. Its registered office is in Bangalore, Karnataka, India.