Nirman Ashray Development Private Limited
About Nirman Ashray Development Private Limited
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Nirman Ashray Development Private Limited is a private limited company based in Nashik, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2001PTC130859. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Satish Banwarilal Gadodia and Vipul Nemichand Poddar.
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 Nirman House L. P. Poddar Marg College Road, Nashik, Maharashtra, India – 422005.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.56 Lakh, a decline of 86% compared to the previous year. For the same year it recorded a net loss of ₹19.18 Lakh and EBITDA of ₹1.16 Lakh (EBITDA margin 74.4%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 59% over five years.
As per MCA filings, the company has satisfied charges of ₹9.9 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nirman Ashray Development Private Limited's registered office is in Nashik, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressNirman House L. P. Poddar Marg College Road, Nashik, Maharashtra, India – 422005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nirman Ashray Development 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 Nirman Ashray Development is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Nirman Ashray Development Private Limited, buy the company report.
Financials of Nirman Ashray Development Private Limited
FY 2025 filings availableNirman Ashray Development Private Limited reported revenue of ₹1.56 Lakh (down 86% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over five years, including a 86% fall in the latest year. EBITDA fell 87% 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 | ₹1.16 Lakh | ||||
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| Net Profit (PAT) | -₹19.18 Lakh | ||||
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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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| EBITDA Margin | 74.4% | ||||
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To see the full financial statements and ratios of Nirman Ashray Development Private Limited, buy the company report.
Board of directors of Nirman Ashray Development Private Limited
Nirman Ashray Development has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Banwarilal Gadodia | Director | 27 Jan 2015 | 11 Years 8 Months | Current |
| Vipul Nemichand Poddar Also directs: Nav Vihar Developers Private Limited, Navnit Land Developers Private Limited, Navratna Lands and Estates Private Limited and 4 more | Director | 28 Jan 2002 | 24 Years 8 Months | Current |
| Nemichand Lalitaprasad Poddar Also directs: Nav Vihar Developers Private Limited, Navnit Land Developers Private Limited, Navratna Lands and Estates Private Limited and 5 more | Director | 14 Feb 2001 | 25 Years 8 Months | Current |
Auditor
Nirman Ashray Development Private Limited is audited by M R J AND COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R J AND COMPANY | FY 2022 | 146068W |
Shareholding
The shareholding of Nirman Ashray Development Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirman Ashray Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2015 | 10564852 | State Bank of India | ₹9.9 Cr | Satisfied |
To see the full charge records of Nirman Ashray Development Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Nirman Ashray Development Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Court case (R.C.A.) | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed against the company | Pending |
To see the full case history of Nirman Ashray Development 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 Nirman Ashray Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirman Ashray Development has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Nirman Ashray Development Private Limited, buy the company report.
Recent activity
Nirman Ashray Development Private Limited has 7 board changes on record since 2001: 4 appointments and 3 cessations. The latest: Sneha Hitesh Poddar ceased to be Director on 14 Jun 2019.
Frequently asked questions
Nirman Ashray Development is an active private limited company based in Nashik, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 14 February 2001 (25+ years old) and is registered under CIN U45201MH2001PTC130859.
Nirman Ashray Development has 3 current directors:
- Satish Banwarilal Gadodia - Director
- Vipul Nemichand Poddar - Director
- Nemichand Lalitaprasad Poddar - Director
The latest financial statements of Nirman Ashray Development 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.
No. Nirman Ashray Development has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nirman Ashray Development is U45201MH2001PTC130859. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirman Ashray Development has 2 court cases on record: 2 filed against it. 2 are pending. Most are in the district courts.
Nirman Ashray Development was incorporated on 14 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Sneha Hitesh Poddar ceased to be Director on 14 Jun 2019. Suruchi Mahendra Poddar ceased to be Director on 14 Jun 2019. Sagar Rameshwar Modi ceased to be Director on 04 Dec 2017. Nirman Ashray Development has 7 board changes on record in total.
The registered office of Nirman Ashray Development is at Nirman House L. P. Poddar Marg College Road, Nashik, Maharashtra, India – 422005.
Nirman Ashray Development operates in the real estate and construction industry, in the real estate builders and developers segment.