About Rare Realty Development Private Limited
Data last updated:
Rare Realty Development 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 25 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1991PTC063767. Its GSTIN is 27AAACD2412L1ZW (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Atithi Builders and Constructors Private Limited. It is led by directors Ashok Kashinath Jadhav and Yogesh Pravinchandra Thakkar.
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 8th Floor Ariisto House N. S. Phadke Road Near East – West Flyover Andheri (East), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2025, the company reported a revenue of ₹12,550, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹2.13 Lakh and EBITDA of -₹1.96 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 89% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹556 Cr and satisfied charges of ₹1,153.7 Cr on record. Court records list 27 cases involving the company, including 11 filed by the company and 6 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ariisto.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address8th Floor Ariisto House N. S. Phadke Road Near East – West Flyover Andheri (East), Mumbai, Maharashtra, India – 400069
- 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
Business Activity of Rare Realty Development Private Limited
The main business activity of Rare Realty Development is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Rare Realty Development Private Limited
Rare Realty Development Private Limited is audited by Sandesh Kadam & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sandesh Kadam & Associates | 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.
Board of Directors of Rare Realty Development Private Limited
Rare Realty Development has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kashinath Jadhav Also directs: Ashvi Developers Private Limited, Ashna Realtors Private Limited, Ariisto Shelters Private Limited and 5 more | Director | 27 Jan 2022 | 4 Years 8 Months | Current |
| Yogesh Pravinchandra Thakkar Also directs: Ashvi Developers Private Limited, Ariisto Realtors Development Private Limited, Ashna Realtors Private Limited and 5 more | Director | 27 Jan 2022 | 4 Years 8 Months | Current |
Financials of Rare Realty Development Private Limited FY 2025 filings available
Rare Realty Development Private Limited reported revenue of ₹12,550 (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rare Realty Development Private Limited
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 89%. EBITDA rose 25% 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 Rare Realty Development 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 | -₹1.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.13 Lakh | •••• | •••• | •••• | •••• |
| 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 Rare Realty Development 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 Rare Realty Development 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.
Ownership and Shareholding of Rare Realty Development 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.
Group Structure of Rare Realty Development Private Limited
Rare Realty Development has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Ariisto Realtors Development Private Limited | U45202MH2002PTC135915 | Locked |
| Ariisto Shelters Private Limited | U45400MH2008PTC186665 | Locked |
| Ariisto Housing Development Private Limited | U70102MH2008PTC186366 | Locked |
| Atithi Business Consltants Private Limited | U74999MH1945PTC004608 | Locked |
Showing major subsidiaries. Total: 4.
Charges & Borrowings of Rare Realty Development Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jun 2019 | Others | ₹96 Cr | Open |
| 08 Jan 2019 | Others | ₹40 Cr | Open |
| 06 Nov 2017 | Others | ₹170 Cr | Open |
| 27 Jun 2013 | Others | ₹250 Cr | Open |
| 26 Aug 2016 | Others | ₹35 Cr | Satisfied |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Rare Realty Development Private Limited
Employment history and EPFO contributions of people linked to Rare Realty Development.
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.
GST Compliance of Rare Realty Development Private Limited
Rare Realty Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD2412L1ZW | Maharashtra | Active | 01 Jul 2017 |
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.
Legal Cases of Rare Realty Development Private Limited
Rare Realty Development Private Limited has 27 court cases on record: 11 filed by Rare Realty Development, 6 filed against it, 10 where it is another party. 7 cases are pending and 20 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 5 | 6 |
| District courts | 4 | 1 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Suryanarayan Synthetics Private Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Xanadu Realty Limited | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Lallubhai Amichand Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed by the company against Slum Rehabilitation Authority | Pending |
Full case history
All 27 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.
Credit Ratings, Litigation & Regulatory Alerts for Rare Realty Development 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 Rare Realty Development 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 Rare Realty Development 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.
MCA Filings & Documents of Rare Realty Development 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.
Recent Activity on Rare Realty Development Private Limited
Recent News on Rare Realty Development Private Limited
Frequently Asked Questions about Rare Realty Development Private Limited
Rare Realty Development 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 25 October 1991 (35+ years old) and is registered under CIN U45200MH1991PTC063767.
Rare Realty Development reported revenue of ₹12,550 for FY 2025 (up 9% YoY).
Rare Realty Development has 2 current directors:
- Ashok Kashinath Jadhav - Director
- Yogesh Pravinchandra Thakkar - Director
Rare Realty Development reported a net loss of ₹2.13 Lakh and EBITDA of -₹1.96 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rare Realty Development is -89% over five years. In the latest year (FY 2025) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rare Realty Development is 27AAACD2412L1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rare Realty Development is U45200MH1991PTC063767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rare Realty Development has 27 court cases on record: 11 filed by the company and 6 filed against it. 7 are pending. Most are in the high courts.
Rare Realty Development was incorporated on 25 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.