India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #246 Rezwan Razack ₹14,900 Cr
- #246 Noaman Razack ₹14,900 Cr
Revenue · FY 2025
₹112.56 Cr
▼ 75% YoY
Net profit · FY 2025
₹54.46 Cr
Net margin 48.4%
EBITDA · FY 2025
₹107.19 Cr
EBITDA margin 95.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6 Cr
Issued & subscribed
Satisfied charges
₹2,139 Cr
No open charges
Company age
9 yrs
Est. 2017
Employees · EPFO
4
Provident fund records
About Prestige Retail Ventures Limited
Data last updated:
Prestige Retail Ventures Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Prestige Estates Projects Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 July 2017 and has been in existence for over 9 years.
Its director Rezwan Razack is #246 among India's richest people (2026). Its director Noaman Razack is #246 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2017PLC104527. Its GSTIN is 29AAJCP3623Q1ZQ (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Noaman Razack and Irfanrazack.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Prestige Falcon Tower No.19 Brunton Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2025, the company reported a revenue of ₹112.56 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹54.46 Cr (net margin 48.4%) and EBITDA of ₹107.19 Cr (EBITDA margin 95.2%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years and 7% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹2,139 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it. The company has 2 deals on record (1 debt financing, 1 acquisition), with disclosed funding of ₹650 Cr; the latest was in February 2020. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 23 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 prestigeconstructions.com.
Company details
CIN U45200KA2017PLC104527
Registration Number 104527
Incorporation Date 11 July 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Prestige Estates Projects Limited
Compliance Status Active Compliant
Recognitions & Rankings of Prestige Retail Ventures
Contact details
Prestige Retail Ventures Limited's registered office is in Bangalore, Karnataka. Its website is prestigeconstructions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPrestige Falcon Tower No.19 Brunton Road, Bangalore, Karnataka, India – 560025
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Prestige Retail Ventures Limited, buy the company report.
Comprehensive company report
Prestige Retail Ventures 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 activities of Prestige Retail Ventures are administrative and support service activities and financial and insurance activities. In detail, this covers rental and leasing activities and activities auxiliary to financial service and insurance activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 77 | Rental and leasing activities | |
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Prestige Retail Ventures Limited, buy the company report.
Financials of Prestige Retail Ventures Limited
FY 2025 filings availablePrestige Retail Ventures Limited reported revenue of ₹112.56 Cr (down 75% YoY) for FY 2025.
Revenue · FY 2025
₹112.56 Cr ▼ 75%
Net profit · FY 2025
₹54.46 Cr margin 48.4%
EBITDA · FY 2025
₹107.19 Cr margin 95.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 75%
3 years · compounded
▲ 81%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▼ 77%
3 years · compounded
▼ 2%
5 years · compounded
▲ 9%
Revenue fell 75% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 77% 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 | ₹107.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹54.46 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 | 95.2% | ||||
| Net Profit Margin | 48.4% | ||||
| 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 Prestige Retail Ventures Limited, buy the company report.
Board of directors of Prestige Retail Ventures Limited
Prestige Retail Ventures has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Noaman Razack Also directs: West Palm Developments LLP, Falcon Risers Hyderabad LLP, Prestige Estates Projects Limited and 5 more | Director | 11 Jul 2017 | 9 Years 3 Months | Current |
| Irfanrazack Also directs: West Palm Developments LLP, Prestige Estates Projects Limited, Inr Energy Private Limited and 5 more | Director | 11 Jul 2017 | 9 Years 3 Months | Current |
| Rezwan Razack Also directs: West Palm Developments LLP, Prestige Estates Projects Limited, Prestige Builders and Developers Private Limited and 5 more | Director | 11 Jul 2017 | 9 Years 3 Months | Current |
Auditor
Prestige Retail Ventures Limited is audited by MSSV & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSSV & Co | FY 2023 | 001987S |
Shareholding
The shareholding of Prestige Retail Ventures 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 Prestige Retail Ventures Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹2,139 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2021 | 100437062 | Idbi Trusteeship Services Limited | ₹1,495 Cr | Satisfied | |
| 22 Jul 2019 | 100281594 | The Hongkong and Shanghai Banking Corporation Limited | ₹317 Cr | Satisfied | |
| 17 Jan 2019 | 100232320 | Others | ₹10 Cr | Satisfied | |
| 13 Dec 2018 | 100224255 | The Hongkong and Shanghai Banking Corporation Limited | ₹317 Cr | Satisfied |
To see the full charge records of Prestige Retail Ventures Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Prestige Retail Ventures Limited has 2 deals on record (1 debt financing, 1 acquisition), with disclosed funding of ₹650 Cr; the latest was in February 2020.
Total deals
2
Debt financing
1
Acquisition
1
Disclosed funding
₹650 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Debt financing | ₹650 Cr | Investors: Prestige Estates Projects Limited |
| Jan 2018 | Acquisition | ₹341.08 Cr | Buyer: Prestige Retail Ventures Limited Seller: Capitaland |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Prestige Retail Ventures Limited has 7 court cases on record: 5 filed by Prestige Retail Ventures, 2 filed against it. All cases are disposed.
Total cases
7
Filed by the company
5
Filed against the company
2
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Aditya Birla Retail Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Aditya Birla Retail Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company | Disposed |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Prestige Retail Ventures 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.
Credit ratings & regulatory alerts
Prestige Retail Ventures Limited was last rated by Icra on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Prestige Retail Ventures Limited, buy the company report.
MSME payment delays
Prestige Retail Ventures Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Omnitec Systems India Private Limited | |||
| Atom Interiors LLP | |||
| Vka Powermaster Private Limited | |||
| an individual supplier | |||
| Rock and Stones |
To see the full MSME payment records of Prestige Retail Ventures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Prestige Retail Ventures Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Prestige Retail Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAJCP3623Q1ZQ | Karnataka | Active | 08 Sep 2017 |
To see the full GST registrations and return filing status of Prestige Retail Ventures Limited, buy the company report.
Recent activity
Prestige Retail Ventures Limited has 10 board changes on record since 2017: 3 appointments and 7 cessations. The latest: Nikhil Pradeep Jalan ceased to be Additional Director on 25 May 2022.
AGM
Prestige Retail Ventures Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Filing
Prestige Retail Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge registered on 26 Mar 2021 via Charge ID 100437062 with Idbi Trusteeship Services Limited was fully satisfied on 07 Nov 2022.
Ceased
Nikhil Pradeep Jalan ceased to be Additional Director.
Ceased
Alok Kumar Jain ceased to be Additional Director.
Ceased
Rajesh Deo ceased to be Additional Director.
Ceased
Shravan Chandra Sharma ceased to be Additional Director.
Ceased
Sourabh Kishanpuria ceased to be Additional Director.
Ceased
Mohit Arora ceased to be Additional Director.
Ceased
Abhishek Govind Patil ceased to be Additional Director.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 1,495.00 Cr registered on 26 Mar 2021 with Charge ID 100437062 was modified on 06 Jul 2021.
Charges
A charge registered on 22 Jul 2019 via Charge ID 100281594 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 05 Apr 2021.
10 earlier events are in the company report.
News
Frequently asked questions
Prestige Retail Ventures is an active public limited company based in Bangalore, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 July 2017 (9+ years old) and is registered under CIN U45200KA2017PLC104527.
Prestige Retail Ventures has 3 current directors:
- Noaman Razack - Director
- Irfanrazack - Director
- Rezwan Razack - Director
The latest financial statements of Prestige Retail Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Prestige Retail Ventures is 29AAJCP3623Q1ZQ, registered in Karnataka.
The CIN (Corporate Identification Number) of Prestige Retail Ventures is U45200KA2017PLC104527. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prestige Retail Ventures has 7 court cases on record: 5 filed by the company and 2 filed against it. Most are in the high courts.
Prestige Retail Ventures was incorporated on 11 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Prestige Retail Ventures has 2 deals on record (1 debt financing, 1 acquisition), with disclosed funding of ₹650 Cr; the latest was in February 2020.
Nikhil Pradeep Jalan ceased to be Additional Director on 25 May 2022. Alok Kumar Jain ceased to be Additional Director on 01 Oct 2021. Rajesh Deo ceased to be Additional Director on 29 Sep 2021. Prestige Retail Ventures has 10 board changes on record in total.
Prestige Retail Ventures has 11 MSME Form 1 returns on record between 2019 and 2024, listing 88 overdue payments to 23 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Prestige Retail Ventures can be reached through the website prestigeconstructions.com. Its registered office is in Bangalore, Karnataka, India.
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