Nitiraj Properties Private Limited
About Nitiraj Properties Private Limited
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Nitiraj Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 23 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1987PTC045653. Its GSTIN is 27AAACN1793Q1ZU (Maharashtra).
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹99,900. It is led by directors Ayesha Vasudev Navani and Shabana Vasudev Navani.
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 A. N. House 1st Floor 31st Road T.P.S. III Bandra (West), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.32 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹5.1 Cr (net margin 54.8%) and EBITDA of ₹6.4 Cr (EBITDA margin 68.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
Court records list 32 cases involving the company, including 3 filed by the company and 29 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nitiraj Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressA. N. House 1st Floor 31st Road T.P.S. III Bandra (West), Mumbai, Maharashtra, India – 400050
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Nitiraj Properties 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 Nitiraj Properties 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 Nitiraj Properties Private Limited, buy the company report.
Financials of Nitiraj Properties Private Limited
FY 2025 filings availableNitiraj Properties Private Limited reported revenue of ₹9.32 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 10% growth in the latest year. EBITDA rose 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹6.4 Cr | ||||
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| Net Profit (PAT) | ₹5.1 Cr | ||||
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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 | 68.7% | ||||
| Net Profit Margin | 54.8% | ||||
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To see the full financial statements and ratios of Nitiraj Properties Private Limited, buy the company report.
Board of directors of Nitiraj Properties Private Limited
Nitiraj Properties has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayesha Vasudev Navani | Director | 27 May 2005 | 21 Years 5 Months | Current |
| Shabana Vasudev Navani Also directs: Mavin Properties Private Limited, Pushpleela Properties Private Limited, A.N.Corp.Limited and 5 more | Director | 27 May 2005 | 21 Years 5 Months | Current |
Auditor
Nitiraj Properties Private Limited is audited by N S SHETTY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S SHETTY & CO | FY 2021 | 110101W |
Shareholding
The shareholding of Nitiraj Properties 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 Nitiraj Properties Private Limited, buy the company report.
Legal cases
Nitiraj Properties Private Limited has 32 court cases on record: 3 filed by Nitiraj Properties, 29 filed against it. 2 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 28 | 25 | 1 |
| District courts | 3 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by KBS Properties Pvt. Ltd. and 2 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Aswini Properties Pvt Ltd Through Authorized Representative Mr Vinod Singh | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by First Fidelity Homes Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Navani Builders Pvt. Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Carlton Properties Pvt Ltd | Disposed |
To see the full case history of Nitiraj Properties 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 Nitiraj Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nitiraj Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1793Q1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nitiraj Properties Private Limited, buy the company report.
Recent activity
Nitiraj Properties Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Vasudev Dayaram Navani ceased to be Director on 03 Oct 2020.
Frequently asked questions
Nitiraj Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 23 December 1987 (39+ years old) and is registered under CIN U99999MH1987PTC045653.
Nitiraj Properties has 2 current directors:
- Ayesha Vasudev Navani - Director
- Shabana Vasudev Navani - Director
The latest financial statements of Nitiraj Properties 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 Nitiraj Properties is 27AAACN1793Q1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nitiraj Properties is U99999MH1987PTC045653. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitiraj Properties has 32 court cases on record: 3 filed by the company and 29 filed against it. 2 are pending. Most are in the high courts.
Nitiraj Properties was incorporated on 23 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Vasudev Dayaram Navani ceased to be Director on 03 Oct 2020. Manish Bhadrasen Thakkar ceased to be Director on 22 Apr 2019. Pushpa Vasudev Navani ceased to be Director on 22 Jul 2013. Nitiraj Properties has 5 board changes on record in total.
The registered office of Nitiraj Properties is at A. N. House 1st Floor 31st Road T.P.S. III Bandra West, Mumbai, Maharashtra, India – 400050.
Nitiraj Properties operates in the financial services industry, in the real estate financing segment.