About Ornate Spaces Private Limited
Data last updated:
Ornate Spaces Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2009PTC193202. Its GSTIN is 27AABCO1702B3Z4 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.13 Cr and a paid-up capital of ₹5.13 Cr. It is led by directors Hrittek Raakeshh Sureka and Nagamallesh Gattu.
Its last annual general meeting (AGM) was held on 26 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 707/708 B And C Wing One BKC Building, Bandra East Mumbai – 400 051, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.69 Lakh, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹15.04 Cr and EBITDA of ₹14.9 Cr. Revenue has declined at a compounded annual rate (CAGR) of 39% over three years.
As per MCA filings, the company has open charges of ₹658.56 Cr and satisfied charges of ₹256 Cr on record. Court records list 44 cases involving the company, including 8 filed by the company and 36 filed against it; 10 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in August 2016. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Flamboyant Developers Private Limited with revenue of ₹18.7 Lakh.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ornatespaces.com.
Company details
Contact details
Ornate Spaces Private Limited's registered office is in Mumbai, Maharashtra. Its website is ornatespaces.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address707/708 B And C Wing One BKC Building, Bandra East Mumbai – 400 051, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ornate Spaces 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
Financials of Ornate Spaces Private Limited
FY 2024 filings availableOrnate Spaces Private Limited reported revenue of ₹18.69 Lakh (down 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over three years, including a 60% fall 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ornate Spaces Private Limited, buy the company report.
Board of directors of Ornate Spaces Private Limited
Ornate Spaces has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hrittek Raakeshh Sureka | Additional Director | 29 Oct 2024 | 1 Years 11 Months | Current |
| Nagamallesh Gattu | Additional Director | 29 Oct 2024 | 1 Years 11 Months | Current |
Peer comparison
Ornate Spaces Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flamboyant Developers Private Limited | ₹18.7 Lakh (FY 2025) | -93.0% | Mumbai, Maharashtra, India | |||
| Tivoli Construction Ltd | ₹18.7 Lakh (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Structsys Engineering Private Limited | ₹18.69 Lakh (FY 2018) | 1558.0% | Thrissur, Kerala, India | |||
| SKJ Infracon Private Limited | ₹18.69 Lakh (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Evershine Heights Private Limited | ₹18.69 Lakh (FY 2025) | 49.0% | Kolkata, West Bengal, India | |||
| Ornate Spaces Private Limitedthis company | ₹18.69 Lakh (FY 2025) | -₹15.04 Cr | -60.0% | Mumbai, Maharashtra, India | ||
| Amravati Associates Private Limited | ₹18.69 Lakh (FY 2025) | -42.0% | Punjab, India | |||
| Goldenpower Infra Private Limited | ₹18.68 Lakh (FY 2024) | -84.0% | Chennai, Tamil Nadu, India | |||
| Kalpaj Realty Private Limited | ₹18.68 Lakh (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Vyom Constructions Private Limited | ₹18.68 Lakh (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Dharmanath Properties Private Limited | ₹18.68 Lakh (FY 2024) | 1.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ornate Spaces Private Limited, buy the company report.
Auditor
Ornate Spaces Private Limited is audited by V J SHAH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V J SHAH & CO | FY 2017 | 109823W |
Shareholding
The shareholding of Ornate Spaces Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ornate Spaces Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Apr 2019 | 100298206 | Others | ₹28.5 Cr | Open | |
| 25 Jan 2018 | 100153598 | Others | ₹550 Cr | Open | |
| 29 Jun 2016 | 100042978 | Idbi Trusteeship Services Limited | ₹30 Cr | Open | |
| 29 Jun 2016 | 100044789 | Idbi Trusteeship Services Limited | ₹30 Cr | Open | |
| 22 Sep 2015 | 10600491 | Idbi Trusteeship Services Limited | ₹20.06 Cr | Open |
To see the full charge records of Ornate Spaces Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Ornate Spaces Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in August 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: Piramal Fund Management, Shapoorji Pallonji Real Estate Fund |
| Mar 2013 | Funding round | ₹1 Cr | Investors: an individual |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ornate Spaces Private Limited has 44 court cases on record: 8 filed by Ornate Spaces, 36 filed against it. 10 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 7 | 4 |
| NCLAT | 14 | 14 | 2 |
| District courts | 10 | 10 | 4 |
| Supreme Court | 4 | 4 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMCD) | Filed against the company by Idbi Trusteeship Services Limited | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Idbi Trusteeship Services Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PNB Housing Finance Ltd. | Pending |
| Bombay High Court | Court case (S) | Filed by the company against Silver Oak Solutions Pvt Ltd and 2 Ors | Pending |
| Madras High Court | Arbitration matter | Filed against the company by Mercedes Benz Financial Services India Pvt Ltd | Disposed |
To see the full case history of Ornate Spaces 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 Ornate Spaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ornate Spaces has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO1702B3Z4 | Maharashtra | Active | 04 Dec 2020 |
To see the full GST registrations and return filing status of Ornate Spaces Private Limited, buy the company report.
Recent activity
Ornate Spaces Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Hrittek Raakeshh Sureka was appointed as Additional Director on 29 Oct 2024.
14 earlier events are in the company report.
Frequently asked questions
Ornate Spaces 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 June 2009 (17+ years old) and is registered under CIN U45200MH2009PTC193202.
Ornate Spaces has 2 current directors:
- Hrittek Raakeshh Sureka - Additional Director
- Nagamallesh Gattu - Additional Director
The latest financial statements of Ornate Spaces on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 October 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ornate Spaces is 27AABCO1702B3Z4, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ornate Spaces is U45200MH2009PTC193202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ornate Spaces has 44 court cases on record: 8 filed by the company and 36 filed against it. 10 are pending. Most are in the high courts.
Ornate Spaces was incorporated on 10 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Ornate Spaces has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹1 Cr; the latest was in August 2016.
The peers of Ornate Spaces by revenue are Flamboyant Developers Private Limited, Tivoli Construction Ltd, Structsys Engineering Private Limited, SKJ Infracon Private Limited, Evershine Heights Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Hrittek Raakeshh Sureka was appointed as Additional Director on 29 Oct 2024. Nagamallesh Gattu was appointed as Additional Director on 29 Oct 2024. Bhushan Vilaskumar Palresha ceased to be Additional Director on 23 Sep 2024. Ornate Spaces has 10 board changes on record in total.
Ornate Spaces can be reached through the website ornatespaces.com. Its registered office is in Mumbai, Maharashtra, India.