About Ornate Spaces Private Limited
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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 41 cases involving the company, including 8 filed by the company and 29 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.
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- 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
- 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
- One PDF report, delivered after checkout
Financials of Ornate Spaces Private Limited FY 2024 filings available
Ornate Spaces Private Limited reported revenue of ₹18.69 Lakh (down 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ornate Spaces Private Limited
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 of Ornate Spaces Private Limited
| 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 of Ornate Spaces Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ornate Spaces are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Ornate Spaces Private Limited
Ornate Spaces Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| 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 Listed | ₹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 Limited this company | ₹18.69 Lakh (FY 2025) | •••• | •••• | -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 |
Peers are the five companies nearest above and the five nearest below Ornate Spaces by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ornate Spaces Private Limited
Ornate Spaces Private Limited is audited by V J SHAH & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V J SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ornate Spaces Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ornate Spaces Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Apr 2019 | Others | ₹28.5 Cr | Open |
| 25 Jan 2018 | Others | ₹550 Cr | Open |
| 29 Jun 2016 | Idbi Trusteeship Services Limited | ₹30 Cr | Open |
| 29 Jun 2016 | Idbi Trusteeship Services Limited | ₹30 Cr | Open |
| 22 Sep 2015 | Idbi Trusteeship Services Limited | ₹20.06 Cr | Open |
Total charge records: 8 View all charges
Deals & Funding of Ornate Spaces Private Limited
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 |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ornate Spaces Private Limited
Ornate Spaces Private Limited has 41 court cases on record: 8 filed by Ornate Spaces, 29 filed against it, 4 where it is another party. 10 cases are pending and 31 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 6 | 4 |
| NCLAT | 14 | 14 | 2 |
| District courts | 10 | 7 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 41)
| 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 Limited | Pending |
| Bombay High Court | Court case (S) | Filed by the company against Silver Oak Solutions Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PNB Housing Finance Limited | Disposed |
Full case history
All 41 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ornate Spaces Private Limited
Employment history and EPFO contributions of people linked to Ornate Spaces.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ornate Spaces Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ornate Spaces Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ornate Spaces Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ornate Spaces Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ornate Spaces Private Limited
Ornate Spaces has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO1702B3Z4 | Maharashtra | Active | 04 Dec 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ornate Spaces Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ornate Spaces Private Limited
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 reported revenue of ₹18.69 Lakh for FY 2025 (down 60% YoY).
Ornate Spaces has 2 current directors:
- Hrittek Raakeshh Sureka - Additional Director
- Nagamallesh Gattu - Additional Director
Ornate Spaces reported a net loss of ₹15.04 Cr and EBITDA of ₹14.9 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ornate Spaces is -39% over three years. In the latest year (FY 2025) revenue fell 60%. CAGR is the steady yearly rate that links the first and the last year.
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 41 court cases on record: 8 filed by the company and 29 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).