Portside Estates Ltd
About Portside Estates Ltd
Data last updated:
Portside Estates Ltd is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Keventer Projects Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1993PLC059568. Its GSTIN is 19AABCP4832D1ZL (West Bengal).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors including Debartha Chakraborty and Bablu Hazra.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sagar Estate 3rd Floor Unit – 1 2 Clive Ghat Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.16 Cr, a growth of 145% compared to the previous year. For the same year it recorded a net loss of ₹71.7 Lakh (net margin -61.7%) and EBITDA of -₹37.3 Lakh (EBITDA margin -32.1%).
As per MCA filings, the company has open charges of ₹585.25 Cr and satisfied charges of ₹562.55 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Portside Estates Ltd's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered AddressSagar Estate 3rd Floor Unit – 1 2 Clive Ghat Street, Kolkata, West Bengal, India – 700001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Portside Estates Ltd, 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 Portside Estates Ltd
FY 2025 filings availablePortside Estates Ltd reported revenue of ₹1.16 Cr (up 145% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 145% in the latest year. EBITDA fell 5% in the latest 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 | -₹37.3 Lakh | ||||
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| Net Profit (PAT) | -₹71.7 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -32.1% | ||||
| Net Profit Margin | -61.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Portside Estates Ltd, buy the company report.
Board of directors and KMP of Portside Estates Ltd
Portside Estates Ltd currently reports 5 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Debartha Chakraborty Also directs: MKJ Enterprises Ltd, Bengal Bonded Warehouse Limited, Keventer Realty Limited and 3 more | Director | 06 May 2024 | 2 Years 5 Months | Current |
| Ruma Mukherjee | Cfo | 01 May 2023 | 3 Years 5 Months | Current |
| Bablu Hazra Also directs: Sasmal Infrastructure Private Limited, Westwind Debaangan Owners Association, Dankuni Projects Limited and 5 more | Director | 11 Jun 2025 | 1 Years 4 Months | Current |
| Radhe Shyam Khetan Also directs: Sutanutti Farms Pvt Ltd, Bengal Bonded Warehouse Limited, DSK Real Estates Limited and 2 more | Director | 10 Sep 2004 | 22 Years 1 Months | Current |
| Kailash Chandra Joshi Also directs: MKJ Enterprises Ltd, Sutanutti Farms Pvt Ltd, Trinity Developers Private Limited and 5 more | Director | 26 Mar 2007 | 19 Years 6 Months | Current |
| Bhawna Parasramka Also directs: Dankuni Projects Limited, MKJ Developers Ltd, Right Innuva Know-How Limited and 2 more | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
Peer comparison
Portside Estates Ltd 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 |
|---|---|---|---|---|---|---|
| Dev Bhoomi Buildhome Private Limited | ₹1.16 Cr (FY 2021) | -80.0% | Jaipur, Rajasthan, India | |||
| Medes Life Care Private Limited | ₹1.16 Cr (FY 2024) | Neyyattinkara, Kerala, India | ||||
| Bhairav Industries Private Limited | ₹1.16 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| White Ocean Developers & Constructions Private Limited | ₹1.16 Cr (FY 2024) | 386.0% | Bengaluru, Karnataka, India | |||
| Noval Milk Products Private Limited | ₹1.16 Cr (FY 2025) | -5.0% | Lucknow, Uttar Pradesh, India | |||
| Portside Estates Ltdthis company | ₹1.16 Cr (FY 2025) | -₹71.7 Lakh | -61.7% | 145.0% | Kolkata, West Bengal, India | |
| Glydus Remedies Private Limited | ₹1.16 Cr (FY 2025) | 3.0% | Faizabad, Uttar Pradesh, India | |||
| Marvotech Builder Private Limited | ₹1.16 Cr (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Ranjana Electro Engineers Private Limited | ₹1.16 Cr (FY 2023) | 173.0% | New Delhi, Delhi, India | |||
| Neelam Corporation Private Limited | ₹1.16 Cr (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Imagitech Infrastructure Private Limited | ₹1.16 Cr (FY 2022) | 335.0% | Greater Noida, Uttar Pradesh, India |
To see the full peer comparison of Portside Estates Ltd, buy the company report.
Auditor
Portside Estates Ltd is audited by M R SINGHWI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R SINGHWI & CO | FY 2021 | 312121E |
Shareholding
The shareholding of Portside Estates Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Portside Estates Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101168505 | Others | ₹185 Cr | Open | |
| 14 May 2025 | 101112155 | Others | ₹400 Cr | Open | |
| 18 Dec 1975 | 90383257 | The Syndicate Bank | ₹25 Lakh | Open | |
| 12 Nov 2024 | 101008998 | Others | ₹40 Cr | Satisfied | |
| 29 Feb 2024 | 100883847 | Others | ₹25 Cr | Satisfied |
To see the full charge records of Portside Estates Ltd, buy the company report.
Total charge records: 17 View all charges
Legal cases
Portside Estates Ltd has 13 court cases on record: 9 filed by Portside Estates, 4 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 2 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Company petition | Filed against the company by Williamson Magor & Co Ltd. | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Appellate Authority and Ors. | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Union of India and Others | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Union of India & Ors | Disposed |
| Calcutta High Court | Court case (MAT) | Filed by the company against Union of India & Ors | Disposed |
To see the full case history of Portside Estates Ltd, 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 Portside Estates Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Portside Estates has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
GST
Portside Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCP4832D1ZL | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Portside Estates Ltd, buy the company report.
Recent activity
Portside Estates Ltd has 16 board changes on record since 2004: 6 appointments and 10 cessations. The latest: Bablu Hazra ceased to be Additional Director on 23 Sep 2025.
45 earlier events are in the company report.
Frequently asked questions
Portside Estates is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 July 1993 (33+ years old) and is registered under CIN U51109WB1993PLC059568.
Portside Estates has 6 current directors and KMP:
- Debartha Chakraborty - Director
- Bablu Hazra - Director
- Radhe Shyam Khetan - Director
- Kailash Chandra Joshi - Director
- Bhawna Parasramka - Director
- Ruma Mukherjee - Cfo
The latest financial statements of Portside Estates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Portside Estates is 19AABCP4832D1ZL, registered in West Bengal.
The CIN (Corporate Identification Number) of Portside Estates is U51109WB1993PLC059568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Portside Estates has 13 court cases on record: 9 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Portside Estates was incorporated on 26 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Portside Estates by revenue are Dev Bhoomi Buildhome Private Limited, Medes Life Care Private Limited, Bhairav Industries Private Limited, White Ocean Developers & Constructions Private Limited, Noval Milk Products Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Bablu Hazra ceased to be Additional Director on 23 Sep 2025. Bhawna Parasramka ceased to be Additional Director on 23 Sep 2025. Bhawna Parasramka was appointed as Director on 30 Jun 2025. Portside Estates has 16 board changes on record in total.
The registered office of Portside Estates is at Sagar Estate 3rd Floor Unit – 1 2 Clive Ghat Street, Kolkata, West Bengal, India – 700001.
Portside Estates operates in the real estate and construction industry, in the real estate builders and developers segment.