About Neelkanth Realtors Limited
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Neelkanth Realtors Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the building construction segment of the construction sector. It was incorporated on 08 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1994PLC079536. Its GSTIN is 27AAACA9796N1ZU (Maharashtra).
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹28.76 Cr. It was formerly known as Abhinav Real Estates Private Limited. It is led by directors including Bhavik Rashmi Bhimjyani (Managing Director) and Suresh Laxmidas Thakkar.
Its last annual general meeting (AGM) was held on 13 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.06 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹18.06 Cr (net margin 32.8%) and EBITDA of ₹40.8 Cr (EBITDA margin 74.1%). Revenue has grown at a compounded annual rate (CAGR) of 592% over three years and 191% over five years.
As per MCA filings, the company has open charges of ₹205 Cr and satisfied charges of ₹360 Cr on record. Court records list 48 cases involving the company, including 19 filed by the company and 29 filed against it; 21 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹53.65 Cr; the latest was in December 2024. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is Domus Greens Private Limited with revenue of ₹55.2 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 neelkanthrealty.com.
Company details
Name history
Neelkanth Realtors has undergone 2 name changes throughout its history. The company was previously known as Abhinav Real Estates Private Limited, and Neelkanth Realtors Limited. The current legal name is Neelkanth Realtors Limited.
| Company Name | Status |
|---|---|
| Neelkanth Realtors Limited | Current |
| Abhinav Real Estates Private Limited | Previous |
CIN history
Neelkanth Realtors has one previous CIN (Corporate Identification Number): U45200MH1994PTC079536. The current CIN is U45200MH1994PLC079536, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1994PLC079536 | Current |
| U45200MH1994PTC079536 | Previous |
Contact details
Neelkanth Realtors Limited's registered office is in Mumbai, Maharashtra. Its website is neelkanthrealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address508 Dalamal House, Jamnalal Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConstruction, Buildings
To see the full contact details of Neelkanth Realtors 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 Neelkanth Realtors 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 Neelkanth Realtors Limited, buy the company report.
Financials of Neelkanth Realtors Limited
FY 2024 filings availableNeelkanth Realtors Limited reported revenue of ₹55.06 Cr (down 5% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 191%. EBITDA fell 18% 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 |
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| EBITDA | ₹40.8 Cr | ||||
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| Net Profit (PAT) | ₹18.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.1% | ||||
| Net Profit Margin | 32.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Neelkanth Realtors Limited, buy the company report.
Board of directors of Neelkanth Realtors Limited
Neelkanth Realtors has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Laxmidas Thakkar Also directs: Century Agro Farms Land Private Limited, Asian Lifestyles Private Limited, Kamashi Trading Private Limited and 4 more | Director | 05 Jul 2017 | 9 Years 4 Months | Current |
| Yogesh Thakersey Dawda | Director | 02 Jun 2011 | 15 Years 5 Months | Current |
| Bhavik Rashmi Bhimjyani Also directs: Zen Superstructure LLP, Surshyam Trading LLP, Chitrakoot Advisory Services LLP and 5 more | Managing Director | 05 Jul 2024 | 2 Years 4 Months | Current |
Peer comparison
Neelkanth Realtors Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Domus Greens Private Limited | ₹55.2 Cr (FY 2025) | 22.0% | Delhi, India | |||
| Sri Lakshmi Homes Private Limited | ₹55.13 Cr (FY 2024) | -21.0% | Chennai, Tamil Nadu, India | |||
| Aarti Infrastructure and Buildcon Limited | ₹55.07 Cr (FY 2024) | -2.0% | Raipur, Chhattisgarh, India | |||
| Neelkanth Realtors Limitedthis company | ₹55.06 Cr (FY 2024) | ₹18.06 Cr | 32.8% | -5.0% | Mumbai, Maharashtra, India | |
| Saviour Infra Private Limited | ₹54.92 Cr (FY 2024) | 56205.0% | Noida, Uttar Pradesh, India | |||
| Ou Infraprojects Private Limited | ₹54.91 Cr (FY 2024) | 87.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Neelkanth Realtors Limited, buy the company report.
Auditor
Neelkanth Realtors Limited is audited by Gyaneshwar Kataram & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gyaneshwar Kataram & Associates | FY 2023 | 115416 |
Shareholding
The shareholding of Neelkanth Realtors 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 Neelkanth Realtors Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Dec 2024 | 101037189 | Others | ₹25 Cr | Open | |
| 19 Apr 2022 | 100571093 | Others | ₹180 Cr | Open | |
| 07 Aug 2021 | 100484349 | Others | ₹25 Cr | Satisfied | |
| 26 Apr 2017 | 100099317 | Others | ₹20 Cr | Satisfied | |
| 04 Mar 2017 | 100089183 | Others | ₹75 Cr | Satisfied |
To see the full charge records of Neelkanth Realtors Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Neelkanth Realtors Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹53.65 Cr; the latest was in December 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Funding round | ₹28.4 Cr | Investors: Avadh Financial Services Llp, Barsana Financial Advisory LLP , Murlidhar Financial Advisory LLP , an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹24.5 Lakh | Investors: Avadh Finance Advisory Private Limited, Barsana Financial Advisory LLP , Murlidhar Financial Advisory LLP |
| Dec 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Bharat Foamcast Private Limited , an individual |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Tulsi C Bhimjyani HUF, 3 individuals |
To see the full deal history of Neelkanth Realtors 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
Neelkanth Realtors Limited has 48 court cases on record: 19 filed by Neelkanth Realtors, 29 filed against it. 21 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 18 | 7 |
| District courts | 9 | 8 | 5 |
| NCLAT | 8 | 3 | 7 |
| Supreme Court | 2 | 0 | 2 |
Cases on record (5 of 48)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0904-Civil Law : Transfer of Property Act, 1882 and Specific Relief Act, 1963 – matters arising out of suit for specific performance, declaration, injunction, possession or cancellation of deeds/documents) | Filed by the company against Neelkanth Heights Cooperative Housing Societies Association Ltd. and 5 others | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Catalyst Trusteeship Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Catalyst Trusteeship Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Catalyst Trusteeship Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Catalyst Trusteeship Limited | Pending |
To see the full case history of Neelkanth Realtors 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 Neelkanth Realtors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Neelkanth Realtors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA9796N1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neelkanth Realtors Limited, buy the company report.
Recent activity
Neelkanth Realtors Limited has 22 board changes on record since 2008: 3 appointments and 19 cessations. The latest: Anil Kumar Dwivedi ceased to be CEO on 02 Nov 2025.
35 earlier events are in the company report.
Frequently asked questions
Neelkanth Realtors is an active public limited company based in Mumbai, Maharashtra, India. The company works in buildings, within the construction industry. It was incorporated on 08 July 1994 (32+ years old) and is registered under CIN U45200MH1994PLC079536.
Neelkanth Realtors has 3 current directors:
- Bhavik Rashmi Bhimjyani - Managing Director
- Suresh Laxmidas Thakkar - Director
- Yogesh Thakersey Dawda - Director
The latest financial statements of Neelkanth Realtors on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Neelkanth Realtors is 27AAACA9796N1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neelkanth Realtors is U45200MH1994PLC079536. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neelkanth Realtors has 48 court cases on record: 19 filed by the company and 29 filed against it. 21 are pending. Most are in the high courts.
Neelkanth Realtors was incorporated on 08 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Neelkanth Realtors has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹53.65 Cr; the latest was in December 2024.
The peers of Neelkanth Realtors by revenue are Domus Greens Private Limited, Sri Lakshmi Homes Private Limited, Aarti Infrastructure and Buildcon Limited, Saviour Infra Private Limited, Ou Infraprojects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Anil Kumar Dwivedi ceased to be CEO on 02 Nov 2025. Sangeeta Vijay Kumar ceased to be Director on 25 Jun 2025. Manohar Kumar ceased to be Director on 24 Mar 2025. Neelkanth Realtors has 22 board changes on record in total.
Neelkanth Realtors can be reached through the website neelkanthrealty.com. Its registered office is in Mumbai, Maharashtra, India.
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