India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,673 Rasesh Kanakia ₹1,100 Cr
- #1,673 Himanshu Kanakia ₹1,100 Cr
Revenue · FY 2025
₹4.85 Lakh
▲ 9600% YoY
Net profit · FY 2025
₹2.33 Lakh
Net margin 48%
EBITDA · FY 2025
₹2.33 Lakh
EBITDA margin 48%
Authorised capital
₹2.01 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹295 Cr
Satisfied ₹570 Cr
Company age
19 yrs
Est. 2007
Directors on board
2
As per MCA filings
About Niyati Real Estate Developers Private Limited
Data last updated:
Niyati Real Estate Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Kanakia Spaces Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 March 2007 and has been in existence for over 19 years.
Its director Rasesh Kanakia is #1,673 among India's richest people (2026). Its director Himanshu Kanakia is #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2007PTC168559. Its GSTIN is 27AACCN4964B1ZK (Maharashtra).
The company has an authorised share capital of ₹2.01 Cr and a paid-up capital of ₹2 Cr. It is led by directors Himanshu Babubhai Kanakia and Rasesh Babubhai Kanakia.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.85 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.33 Lakh (net margin 48%) and EBITDA of ₹2.33 Lakh (EBITDA margin 48%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 71% over five years.
As per MCA filings, the company has open charges of ₹295 Cr and satisfied charges of ₹570 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kanakia.com.
Company details
CIN U70102MH2007PTC168559
Registration Number 168559
Incorporation Date 10 March 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kanakia Spaces Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of Niyati Real Estate Developers
Contact details
Niyati Real Estate Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is kanakia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA Wing Ground Floor Vilco Centre, Subhash Road Opp Garware, Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Niyati Real Estate Developers Private Limited, buy the company report.
Comprehensive company report
Niyati Real Estate Developers Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Niyati Real Estate Developers is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Niyati Real Estate Developers Private Limited, buy the company report.
Financials of Niyati Real Estate Developers Private Limited
FY 2025 filings availableNiyati Real Estate Developers Private Limited reported revenue of ₹4.85 Lakh (up 9600% YoY) for FY 2025.
Revenue · FY 2025
₹4.85 Lakh ▲ 9600%
Net profit · FY 2025
₹2.33 Lakh margin 48%
EBITDA · FY 2025
₹2.33 Lakh margin 48%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 32%
5 years · compounded
▼ 71%
EBITDA CAGR growth
1 year
▲ 133%
3 years · compounded
▼ 43%
5 years · compounded
▼ 75%
Revenue has declined at a compounded annual rate (CAGR) of 71% over five years. EBITDA rose 133% 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 | ₹2.33 Lakh | ||||
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| Net Profit (PAT) | ₹2.33 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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| Profitability | |||||
| EBITDA Margin | 48% | ||||
| Net Profit Margin | 48% | ||||
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To see the full financial statements and ratios of Niyati Real Estate Developers Private Limited, buy the company report.
Board of directors of Niyati Real Estate Developers Private Limited
Niyati Real Estate Developers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Babubhai Kanakia Also directs: Kanakia Vihang Construction LLP, Kanvi Construction LLP, Kanakia Cafe La Casa LLP and 5 more | Director | 08 Nov 2010 | 15 Years 11 Months | Current |
| Rasesh Babubhai Kanakia Also directs: Kanakia Vihang Construction LLP, Kanvi Construction LLP, Kanakia Cafe La Casa LLP and 5 more | Director | 08 Nov 2010 | 15 Years 11 Months | Current |
Auditor
Niyati Real Estate Developers Private Limited is audited by A.J. KANAKIA & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.J. KANAKIA & Co. | FY 2023 | 104701W |
Shareholding
The shareholding of Niyati Real Estate Developers 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 Niyati Real Estate Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹295 Cr
Satisfied charges
₹570 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2023 | 100740600 | Others | ₹70 Cr | Satisfied | |
| 30 May 2022 | 100580412 | Others | ₹50 Cr | Satisfied | |
| 17 Sep 2020 | 100376605 | Others | ₹225 Cr | Satisfied | |
| 28 May 2019 | 100271536 | Others | ₹75 Cr | Satisfied | |
| 23 May 2018 | 100186054 | Others | ₹150 Cr | Satisfied |
To see the full charge records of Niyati Real Estate Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Niyati Real Estate Developers Private Limited has 6 court cases on record: 2 filed by Niyati Real Estate Developers, 4 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
2
Filed against the company
4
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 1 |
| District courts | 2 | 2 | 2 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Vertex Warehousing and Constructions Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Vertex Warehousing and Constructions Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Vertex Warehousing and Constructions Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Vertex Warehousing and Constructions Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Niyati Real Estate Developers 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 Niyati Real Estate Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Niyati Real Estate Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN4964B1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Niyati Real Estate Developers Private Limited, buy the company report.
Recent activity
Niyati Real Estate Developers Private Limited has 9 board changes on record since 2007: 2 appointments and 7 cessations. The latest: Rupal Rasesh Kanakia ceased to be Director on 18 May 2021.
AGM
Niyati Real Estate Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 23 Jun 2023 via Charge ID 100740600 with Others was fully satisfied on 02 Apr 2025.
Charges
A charge registered on 17 Sep 2020 via Charge ID 100376605 with Others was fully satisfied on 01 Apr 2025.
Filing
Niyati Real Estate Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 70.00 Cr registered on 23 Jun 2023 with Charge ID 100740600 was modified on 25 Aug 2023.
Charges
A charge with Others of Rs. 225.00 Cr registered on 17 Sep 2020 with Charge ID 100376605 was modified on 25 Aug 2023.
Charges
A charge registered on 30 May 2022 via Charge ID 100580412 with Others was fully satisfied on 19 Jul 2023.
Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100740600 was registered on 23 Jun 2023.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100580412 was registered on 30 May 2022.
Ceased
Rupal Rasesh Kanakia ceased to be Director.
Charges
A charge registered on 28 May 2019 via Charge ID 100271536 with Others was fully satisfied on 11 Nov 2020.
Charges
A charge registered on 23 May 2018 via Charge ID 100186054 with Others was fully satisfied on 11 Nov 2020.
12 earlier events are in the company report.
Frequently asked questions
Niyati Real Estate Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 March 2007 (19+ years old) and is registered under CIN U70102MH2007PTC168559.
Niyati Real Estate Developers has 2 current directors:
- Himanshu Babubhai Kanakia - Director
- Rasesh Babubhai Kanakia - Director
The latest financial statements of Niyati Real Estate Developers 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 Niyati Real Estate Developers is 27AACCN4964B1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Niyati Real Estate Developers is U70102MH2007PTC168559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Niyati Real Estate Developers has 6 court cases on record: 2 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Niyati Real Estate Developers was incorporated on 10 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Rupal Rasesh Kanakia ceased to be Director on 18 May 2021. Ashish Rasesh Kanakia ceased to be Director on 24 Jan 2019. Bhadresh Labhshankar Joshi ceased to be Director on 30 May 2014. Niyati Real Estate Developers has 9 board changes on record in total.
Niyati Real Estate Developers can be reached through the website kanakia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Niyati Real Estate Developers is at A Wing Ground Floor Vilco Centre, Subhash Road Opp Garware, Mumbai, Maharashtra, India – 400057.