About Safal Realty Private Limited
Data last updated:
Safal Realty Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 April 2006.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45209GJ2006PTC048102. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹23.9 Cr and a paid-up capital of ₹12.9 Cr. It was led by directors including Uday Vora Hasmukhbhai (Managing Director) and Chirag Bipinchandra Shah.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 11th Floor Safal Profitair Opp Auda Garden Corporate Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2017, the company reported a revenue of ₹288.33 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹31.64 Cr (net margin 11%) and EBITDA of ₹46.42 Cr (EBITDA margin 16.1%).
The company had about 13 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 8 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹416 Cr on record. Court records list 19 cases involving the company, including 12 filed by the company and 7 filed against it; 4 cases are pending.
The last known website on record is hnsafal.com.
Company details
Contact details
Safal Realty Private Limited's registered office is in Ahmedabad, Gujarat. Its website is hnsafal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11th Floor Safal Profitair Opp Auda Garden Corporate Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Safal Realty 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
Business activity
The main business activity of Safal Realty is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Safal Realty Private Limited, buy the company report.
Financials of Safal Realty Private Limited
FY 2017 filings availableSafal Realty Private Limited reported revenue of ₹288.33 Cr (down 12% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA fell 29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹288.33 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹46.42 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹31.64 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 16.1% | ||
| Net Profit Margin | 11% | ||
| 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 Safal Realty Private Limited, buy the company report.
Board of directors of Safal Realty Private Limited
Safal Realty has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Bipinchandra Shah Also directs: HN Safal Realtech LLP, Samyaktva Construction LLP, Munisuvrat Real Estate Private Limited and 5 more | Director | 22 Aug 2014 | 12 Years 2 Months | As last reported |
| Uday Vora Hasmukhbhai | Managing Director | 15 Apr 2006 | 20 Years 6 Months | As last reported |
| Alaykumar Satishchandra Shah Also directs: Taijasa Ventures LLP, Vankraft Doors LLP | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
| Rishabh Piyushkumar Vora Also directs: Safal Buildcon Private Limited | Director | 01 Oct 2016 | 10 Years 1 Months | As last reported |
Peer comparison
Safal Realty Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chalama Infraproperties Private Limited | ₹291.89 Cr (FY 2025) | 4890.0% | Mumbai, Maharashtra, India | |||
| Kumar Urban Development Private Limited | ₹291.4 Cr (FY 2024) | 32.0% | Pune, Maharashtra, India | |||
| Magnite Developers Private Limited | ₹288.65 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India | |||
| Safal Realty Private Limitedthis company | ₹288.33 Cr (FY 2017) | ₹31.64 Cr | 11% | -12.0% | 13 | Ahmedabad, Gujarat, India |
| SJR Prime Corporation Private Limited | ₹287.14 Cr (FY 2023) | 111.0% | Bangalore, Karnataka, India | |||
| Akruthi Infra-Build Developers Private Limited | ₹286.4 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Safal Realty Private Limited, buy the company report.
Auditor
Safal Realty Private Limited is audited by ANIL KUMAR SETH & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL KUMAR SETH & CO | FY 2017 | 100445W |
Shareholding
The shareholding of Safal Realty Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Safal Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2014 | 10482769 | Indian Overseas Bank | ₹80 Cr | Satisfied | |
| 12 Dec 2013 | 10471052 | Dcb Bank Limited | ₹75 Cr | Satisfied | |
| 28 Jun 2012 | 10363535 | Axis Bank Limited | ₹100 Cr | Satisfied | |
| 23 Apr 2012 | 10352655 | Central Bank of India | ₹50 Cr | Satisfied | |
| 19 Apr 2010 | 10221645 | Axis Bank Limited | ₹75 Cr | Satisfied |
To see the full charge records of Safal Realty Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Safal Realty Private Limited has 19 court cases on record: 12 filed by Safal Realty, 7 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 3 | 2 |
| District courts | 3 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Satkul Enterprises Ltd | Pending |
| High Court, GUJARAT | Commercial suit | Filed by the company against Idbi Bank Ltd and 16 others | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company against Icici Bank Ltd and 9 others | Disposed |
| High Court, GUJARAT | Appeal | Filed against the company by Devpuri Owners Association and 2 others | Pending |
| High Court, GUJARAT | Appeal | Filed by the company against individuals | Pending |
To see the full case history of Safal Realty 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
No delayed payments to MSME suppliers are on our record for Safal Realty Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Safal Realty has 8 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Safal WSB Energy Private Limited | U40100GJ2010PTC062387 | |
| Safal WSB Energy Private Limited | U40100GJ2010PTC062387 | |
| Safal Buildcon Private Limited | U45201GJ2007PTC050605 | |
| Safal Buildcon Private Limited | U45201GJ2007PTC050605 | |
| Safal Organisers Private Limited | U45202GJ2006PTC049459 | |
| Safal Organisers Private Limited | U45202GJ2006PTC049459 |
To see the full group structure of Safal Realty Private Limited, buy the company report.
Employees & EPFO
Safal Realty Private Limited has a workforce of 13 employees on its EPFO records as of Mar 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 13 |
| FY 2016-17 |
To see the full employee and EPFO history of Safal Realty Private Limited, buy the company report.
GST
Safal Realty has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Safal Realty Private Limited, buy the company report.
Recent activity
Safal Realty Private Limited has 12 board changes on record since 2006: 4 appointments and 8 cessations. The latest: Rishabh Piyushkumar Vora ceased to be Additional Director on 29 Sep 2017.
23 earlier events are in the company report.
Frequently asked questions
Safal Realty has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Safal Realty was a private limited company based in Ahmedabad, Gujarat, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 April 2006 and is registered under CIN U45209GJ2006PTC048102. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Safal Realty was incorporated on 06 April 2006. It is registered with the Registrar of Companies, Ahmedabad.
Safal Realty had 4 directors:
- Uday Vora Hasmukhbhai - Managing Director
- Chirag Bipinchandra Shah - Director
- Alaykumar Satishchandra Shah - Director
- Rishabh Piyushkumar Vora - Director
The CIN (Corporate Identification Number) of Safal Realty is U45209GJ2006PTC048102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Safal Realty is at 11th Floor Safal Profitair Opp Auda Garden Corporate Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
Safal Realty can be reached through the website hnsafal.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Safal Realty on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Safal Realty has 1 GST registration on record and it is cancelled or inactive.
Safal Realty operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Safal Realty by revenue are Chalama Infraproperties Private Limited, Kumar Urban Development Private Limited, Magnite Developers Private Limited, SJR Prime Corporation Private Limited, Akruthi Infra-Build Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
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