Niketan Builders Private Limited
About Niketan Builders Private Limited
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Niketan Builders Private Limited is a private limited company based in Hubli, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 August 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1988PTC009388. Its GSTIN is 29AAACN6740P1ZV (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹75.02 Lakh. It is led by directors including Himanshu A Kothari and Minakshi Atul Kothari.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 3 Ugf Laxmi Complex Neeligin Road Hubli, Karnataka, India – 580029.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹22.68 Lakh (net margin 10%) and EBITDA of ₹22.85 Lakh (EBITDA margin 10.1%). Revenue has grown at a compounded annual rate (CAGR) of 91% over three years and 46% over five years.
As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹57.8 Lakh on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Niketan Builders has one previous CIN (Corporate Identification Number): U04520KA1988PTC009388. The current CIN is U85110KA1988PTC009388, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1988PTC009388 | Current |
| U04520KA1988PTC009388 | Previous |
Contact details
Niketan Builders Private Limited's registered office is in Hubli, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo 3 Ugf Laxmi Complex Neeligin Road Hubli, Karnataka, India – 580029
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Niketan Builders 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 Niketan Builders 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 Niketan Builders Private Limited, buy the company report.
Financials of Niketan Builders Private Limited
FY 2025 filings availableNiketan Builders Private Limited reported revenue of ₹2.27 Cr (up 753% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 753% growth 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 | ₹22.85 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹22.68 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | 10% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Niketan Builders Private Limited, buy the company report.
Board of directors of Niketan Builders Private Limited
Niketan Builders has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu A Kothari | Director | 10 Jul 2025 | 1 Years 4 Months | Current |
| Minakshi Atul Kothari | Director | 10 Dec 1991 | 34 Years 11 Months | Current |
| Adarsh Vishnu Meharwade Also directs: Vansarc Steel Solutions Private Limited, Augenklar Private Limited | Director | 10 Jul 2025 | 1 Years 4 Months | Current |
| Nitin Vishnu Meharwade Also directs: Vansarc Steel Solutions Private Limited, Augenklar Private Limited | Director | 10 Jul 2025 | 1 Years 4 Months | Current |
| Vishnu Rajaramasa Meharwade Also directs: Vansarc Steel Solutions Private Limited | Director | 10 Dec 1991 | 34 Years 11 Months | Current |
Auditor
Niketan Builders Private Limited is audited by M R JOSHI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R JOSHI | FY 2023 | 044759 |
Shareholding
The shareholding of Niketan Builders 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 Niketan Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2024 | 101020660 | Others | ₹5 Cr | Open | |
| 31 Jan 2007 | 10037572 | Bank of India | ₹22.8 Lakh | Satisfied | |
| 31 Mar 1999 | 90194230 | Reddy Co-Op Credit Bank | ₹30 Lakh | Satisfied | |
| 09 Dec 1997 | 90194123 | Shamrao Vittal Co-Op Bank Ltd | ₹5 Lakh | Satisfied |
To see the full charge records of Niketan Builders Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Niketan Builders Private Limited has 10 court cases on record: 8 filed by Niketan Builders, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Sepl Infra Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Hubli Electricity Supply Company Ltd | Disposed |
| District court, DHARWAD, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, DHARWAD, Karnataka | Court case (ESI 75 Application) | Filed by the company against an individual | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Niketan Builders 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 Niketan Builders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Niketan Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACN6740P1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Niketan Builders Private Limited, buy the company report.
Recent activity
Niketan Builders Private Limited has 5 board changes on record since 1991: 5 appointments. The latest: Adarsh Vishnu Meharwade was appointed as Director on 10 Jul 2025.
3 earlier events are in the company report.
Frequently asked questions
Niketan Builders is an active private limited company based in Hubli, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 August 1988 (38+ years old) and is registered under CIN U85110KA1988PTC009388.
Niketan Builders has 5 current directors:
- Himanshu A Kothari - Director
- Minakshi Atul Kothari - Director
- Adarsh Vishnu Meharwade - Director
- Nitin Vishnu Meharwade - Director
- Vishnu Rajaramasa Meharwade - Director
The latest financial statements of Niketan Builders on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Niketan Builders is 29AAACN6740P1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Niketan Builders is U85110KA1988PTC009388. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niketan Builders has 10 court cases on record: 8 filed by the company and 2 filed against it. Most are in the high courts.
Niketan Builders was incorporated on 25 August 1988, making it 38+ years old. It is registered with the Registrar of Companies, Bangalore.
Adarsh Vishnu Meharwade was appointed as Director on 10 Jul 2025. Himanshu A Kothari was appointed as Director on 10 Jul 2025. Nitin Vishnu Meharwade was appointed as Director on 10 Jul 2025. Niketan Builders has 5 board changes on record in total.
The registered office of Niketan Builders is at No 3 Ugf Laxmi Complex Neeligin Road Hubli, Karnataka, India – 580029.
Niketan Builders operates in the real estate and construction industry, in the real estate builders and developers segment.
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