Ricardo Constructions Private Limited
About Ricardo Constructions Private Limited
Data last updated:
Ricardo Constructions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45208MH2008PTC177605. Its GSTIN is 27AADCB3945M1ZD (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Bengal Shapoorji Business Parks Private Limited. It is led by directors including Kanishka Jairaj Phatak and Sreeram Kuppa.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.29 Cr (net margin -55.1%) and EBITDA of -₹1.24 Cr (EBITDA margin -20.8%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 33% over five years.
As per MCA filings, the company has open charges of ₹1,200 Cr and satisfied charges of ₹551.43 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 1 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressT – 947(5) – 1002 Acc Rd Plot Of Land, Mulund (West), Mumbai, Maharashtra, India – 400080
- 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 Ricardo Constructions Private Limited
The main business activity of Ricardo Constructions is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Ricardo Constructions Private Limited
Ricardo Constructions Private Limited is audited by B R NAGDA & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B R NAGDA & 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.
Board of Directors of Ricardo Constructions Private Limited
Ricardo Constructions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanishka Jairaj Phatak | Director | 17 Apr 2023 | 3 Years 5 Months | Current |
| Sreeram Kuppa Also directs: Paikar Real Estates Private Limited, Floreat Investments Private Limited, Insight Properties Private Limited and 2 more | Director | 05 Dec 2011 | 14 Years 10 Months | Current |
| Shashank Dattaram Mohite | Director | 17 Apr 2023 | 3 Years 5 Months | Current |
Financials of Ricardo Constructions Private Limited FY 2025 filings available
Ricardo Constructions Private Limited reported revenue of ₹5.98 Cr (up 872% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ricardo Constructions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 872% growth in the latest year. EBITDA fell 97% 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 Ricardo Constructions 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 | -₹1.24 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.29 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 Ricardo Constructions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -55.1% | •••• | •••• | •••• | •••• |
| 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 Ricardo Constructions 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 Ricardo Constructions 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 Ricardo Constructions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2024 | Others | ₹1,200 Cr | Open |
| 24 Jun 2021 | Others | ₹35.82 Cr | Satisfied |
| 19 Mar 2021 | Others | ₹45.61 Cr | Satisfied |
| 30 Mar 2019 | Others | ₹235 Cr | Satisfied |
| 29 Mar 2019 | Others | ₹235 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Ricardo Constructions Private Limited
Employment history and EPFO contributions of people linked to Ricardo Constructions.
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 Ricardo Constructions Private Limited
Ricardo Constructions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB3945M1ZD | 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 Ricardo Constructions Private Limited
Ricardo Constructions Private Limited has 4 court cases on record: 1 filed by Ricardo Constructions, 1 filed against it, 2 where it is another party. 3 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Supreme Court | Appeal | Filed by the company against an individual | Disposed |
Full case history
All 4 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 Ricardo Constructions 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 Ricardo Constructions 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 Ricardo Constructions 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 Ricardo Constructions 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 Ricardo Constructions Private Limited
Frequently Asked Questions about Ricardo Constructions Private Limited
Ricardo Constructions 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 09 January 2008 (18+ years old) and is registered under CIN U45208MH2008PTC177605.
Ricardo Constructions reported revenue of ₹5.98 Cr for FY 2025 (up 872% YoY).
Ricardo Constructions has 3 current directors:
- Kanishka Jairaj Phatak - Director
- Sreeram Kuppa - Director
- Shashank Dattaram Mohite - Director
Ricardo Constructions reported a net loss of ₹3.29 Cr (net margin -55.1%) and EBITDA of -₹1.24 Cr (EBITDA margin -20.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ricardo Constructions is 40% over three years and 33% over five years. In the latest year (FY 2025) revenue rose 872%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ricardo Constructions is 27AADCB3945M1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ricardo Constructions is U45208MH2008PTC177605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ricardo Constructions has 4 court cases on record: 1 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Ricardo Constructions was incorporated on 09 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.