About Pearlite Real Properties Private Limited
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Pearlite Real Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Grip Ii Pte. Ltd.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 02 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2016PTC285479. Its GSTIN is 27AAICP7601B1ZO (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.9 Cr. It is led by directors Subhasish Pattanaik and Prateek Vyas.
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 Godrej One 5th Floor Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.32 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.5 Cr (net margin 47.8%) and EBITDA of ₹5.49 Cr (EBITDA margin 75.1%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 58% over five years.
The company is associated with 1 brand: Godrej Properties. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 4 deals on record (2 debt financings, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹163.75 Cr; the latest was in May 2018. The company has 68 MSME Form 1 returns on record between 2018 and 2023, listing 2,643 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website godrejproperties.com.
Company details
Contact details
Pearlite Real Properties Private Limited's registered office is in Mumbai, Maharashtra. Its website is godrejproperties.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGodrej One 5th Floor Pirojshanagar Eastern Express Highway Vikhroli (East), Mumbai, Maharashtra, India – 400079
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pearlite Real 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
Brands
Pearlite Real Properties operates one associated brand: Godrej Properties. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed by Godrej Properties. | godrejproperties.com |
Business activity
The main business activity of Pearlite Real Properties is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Pearlite Real Properties Private Limited, buy the company report.
Financials of Pearlite Real Properties Private Limited
FY 2025 filings availablePearlite Real Properties Private Limited reported revenue of ₹7.32 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 25% fall in the latest year. EBITDA rose 8% 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 | ₹5.49 Cr | ||||
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| Net Profit (PAT) | ₹3.5 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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| Profitability | |||||
| EBITDA Margin | 75.1% | ||||
| Net Profit Margin | 47.8% | ||||
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To see the full financial statements and ratios of Pearlite Real Properties Private Limited, buy the company report.
Board of directors of Pearlite Real Properties Private Limited
Pearlite Real Properties has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhasish Pattanaik Also directs: Mosiac Landmarks LLP, Dream World Landmarks LLP, Godrej Green Properties LLP and 5 more | Director | 21 Aug 2023 | 3 Years 2 Months | Current |
| Prateek Vyas | Additional Director | 22 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Pearlite Real Properties Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Pearlite Real Properties 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 Pearlite Real Properties Private Limited, buy the company report.
Deals & funding
Pearlite Real Properties Private Limited has 4 deals on record (2 debt financings, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹163.75 Cr; the latest was in May 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Funding round | ₹1.3 Cr | Investors: GRIP II Pte Ltd, Godrej Properties Limited |
| May 2018 | Debt financing | ₹24.7 Cr | Investors: GRIP II Pte Ltd, Godrej Properties Limited |
| Mar 2017 | Debt financing | ₹137.75 Cr | Investors: GRIP II Pte Ltd, Godrej Properties Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: GRIP II Pte Ltd Seller: Godrej Properties Limited , Godrej Projects Development Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pearlite Real Properties Private Limited has 2 court cases on record: 2 filed by Pearlite Real Properties. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Union of India | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India THR Secretary Dept of Revenue Ministry of Finance and Ors | Pending |
To see the full case history of Pearlite Real 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
Pearlite Real Properties Private Limited has 68 MSME Form 1 returns on record between 2018 and 2023, listing 2,643 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sai Infra | |||
| Pawana Infra Development Private Limited | |||
| Unique Constructions | |||
| Royal Micro Irrigation Systems |
To see the full MSME payment records of Pearlite Real Properties Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Pearlite Real Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICP7601B1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pearlite Real Properties Private Limited, buy the company report.
Recent activity
Pearlite Real Properties Private Limited has 9 board changes on record since 2021: 2 appointments and 7 cessations. The latest: Prateek Vyas was appointed as Additional Director on 22 Jan 2025.
News
Frequently asked questions
Pearlite Real Properties 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 02 September 2016 (10+ years old) and is registered under CIN U45309MH2016PTC285479.
Pearlite Real Properties has 2 current directors:
- Subhasish Pattanaik - Director
- Prateek Vyas - Additional Director
The latest financial statements of Pearlite Real 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 FY 2017 are in the company report.
The GSTIN of Pearlite Real Properties is 27AAICP7601B1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pearlite Real Properties is U45309MH2016PTC285479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pearlite Real Properties has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the high courts.
Pearlite Real Properties was incorporated on 02 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Pearlite Real Properties has 4 deals on record (2 debt financings, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹163.75 Cr; the latest was in May 2018.
Prateek Vyas was appointed as Additional Director on 22 Jan 2025. Krishna Bagaria ceased to be Additional Director on 28 Sep 2023. Subhasish Pattanaik ceased to be Additional Director on 28 Sep 2023. Pearlite Real Properties has 9 board changes on record in total.
Pearlite Real Properties has 68 MSME Form 1 returns on record between 2018 and 2023, listing 2,643 overdue payments to 39 micro and small suppliers. The latest return was filed on 18 Nov 2023.
Pearlite Real Properties can be reached through the website godrejproperties.com. Its registered office is in Mumbai, Maharashtra, India.
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