About Sai Ashray Developers Private Limited
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Sai Ashray Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hive Carbon-Zero Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2008PTC181719. Its GSTIN is 27AAQCS4670P1ZD (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors Gunashekhar Kashi Vishwanathan and Yifei Wang.
Its last annual general meeting (AGM) was held on 28 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ground Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.99 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹1.14 Cr (net margin -14.2%) and EBITDA of -₹2.8 Cr (EBITDA margin -35.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 47% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹273 Cr on record. Court records list 17 cases involving the company, including 3 filed by the company and 4 filed against it; 6 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 ahujagroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGround Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- 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 Sai Ashray Developers Private Limited
The main business activity of Sai Ashray Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | 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.
Financials of Sai Ashray Developers Private Limited FY 2022 filings available
Sai Ashray Developers Private Limited reported revenue of ₹7.99 Cr (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Sai Ashray Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 5% growth in the latest year. EBITDA rose 52% 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 Sai Ashray Developers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹7.99 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.14 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 Sai Ashray Developers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -35.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -14.2% | •••• | •••• | •••• | •••• |
| 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 Sai Ashray Developers 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.
Peer Comparison of Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dyl Infra Private Limited | •••• | •••• | •••• | •••• | - | Bilaspur, Uttar Pradesh, India |
| Dhruv Vinimay Private Limited | •••• | •••• | •••• | •••• | 78 | Kolkata, West Bengal, India |
| Palitana Sugar Mills Pvt Ltd | •••• | •••• | •••• | •••• | - | Bhavnagar, Gujarat, India |
| Anukarati Homes Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| NKK Structures Private Limited | •••• | •••• | •••• | •••• | - | Tirumalagiri, Telangana, India |
| Sai Ashray Developers Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Lands End Properties Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Jaihanuman Residency Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Neeom Infracon Private Limited | •••• | •••• | •••• | •••• | - | Huzur, Madhya Pradesh, India |
| Om Shanti Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Alliance Colonisers Private Limited | •••• | •••• | •••• | •••• | - | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Sai Ashray Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited is audited by Manjunath Gowda & Associates for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manjunath Gowda & 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 Sai Ashray Developers Private Limited
Sai Ashray Developers has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunashekhar Kashi Vishwanathan Also directs: Nanban Apparel LLP, Magic Properties Private Limited, Shree Ahuja Properties Private Limited and 3 more | Director | 04 Dec 2023 | 2 Years 10 Months | Current |
| Yifei Wang Also directs: Magic Properties Private Limited, Shree Ahuja Properties Private Limited, Pushpanjali Realtors Private Limited and 2 more | Director | 01 Oct 2019 | 7 Years 0 Months | Current |
Ownership and Shareholding of Sai Ashray Developers 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 Sai Ashray Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Mar 2018 | Others | ₹120 Cr | Satisfied |
| 22 Mar 2018 | Others | ₹45 Cr | Satisfied |
| 19 Aug 2015 | The Cosmos Co-Op Bank Ltd | ₹22 Cr | Satisfied |
| 02 Jan 2015 | Idbi Trusteeship Services Limited | ₹26 Cr | Satisfied |
| 04 Feb 2014 | Idbi Trusteeship Services Limited | ₹60 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited has 17 court cases on record: 3 filed by Sai Ashray Developers, 4 filed against it, 10 where it is another party. 6 cases are pending and 11 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 4 | 5 |
| District courts | 4 | 0 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed against the company by an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Company is another party | Pending |
Full case history
All 17 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.
MSME Payment Delays by Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 58 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Coretrust Industrial Security Services(India) Private Limited | •••• | •••• | •••• |
| Cartridge Junction (India) Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Grix Creations | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited has a workforce of 18 employees as of Mar 29, 2024.
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.
Recent Activity on Sai Ashray Developers Private Limited
Sai Ashray Developers Private Limited has 11 board changes on record since 2017: 2 appointments and 9 cessations. The latest: Gunashekhar Kashi Vishwanathan ceased to be Additional Director on 27 Dec 2023.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sai Ashray Developers 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.
Subsidiaries & Group Companies of Sai Ashray Developers 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.
GST Compliance of Sai Ashray Developers Private Limited
Sai Ashray Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS4670P1ZD | 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.
MCA Filings & Documents of Sai Ashray Developers 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.
Frequently Asked Questions about Sai Ashray Developers Private Limited
Sai Ashray Developers 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 29 April 2008 (18+ years old) and is registered under CIN U70102MH2008PTC181719.
Sai Ashray Developers reported revenue of ₹7.99 Cr for FY 2022 (up 5% YoY).
Sai Ashray Developers has 2 current directors:
- Gunashekhar Kashi Vishwanathan - Director
- Yifei Wang - Director
Sai Ashray Developers reported a net loss of ₹1.14 Cr (net margin -14.2%) and EBITDA of -₹2.8 Cr (EBITDA margin -35.1%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sai Ashray Developers is 27% over three years and 47% over five years. In the latest year (FY 2022) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sai Ashray Developers is 27AAQCS4670P1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sai Ashray Developers is U70102MH2008PTC181719. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sai Ashray Developers has 17 court cases on record: 3 filed by the company and 4 filed against it. 6 are pending. Most are in the high courts.
Sai Ashray Developers was incorporated on 29 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sai Ashray Developers by revenue are Dyl Infra Private Limited, Dhruv Vinimay Private Limited, Palitana Sugar Mills Pvt Ltd, Anukarati Homes Private Limited, NKK Structures Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Gunashekhar Kashi Vishwanathan ceased to be Additional Director on 27 Dec 2023. Gunashekhar Kashi Vishwanathan was appointed as Director on 04 Dec 2023. Chandrahas Yellappa Kotian ceased to be Additional Director on 27 Feb 2023. Sai Ashray Developers has 11 board changes on record in total.
Sai Ashray Developers has 4 MSME Form 1 returns on record between 2021 and 2023, listing 58 overdue payments to 20 micro and small suppliers. The latest return was filed on 29 Aug 2023.