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 14 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.
Company details
Contact details
Sai Ashray Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is ahujagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sai Ashray Developers 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 Sai Ashray Developers 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 Sai Ashray Developers Private Limited, buy the company report.
Financials of Sai Ashray Developers Private Limited
FY 2022 filings availableSai Ashray Developers Private Limited reported revenue of ₹7.99 Cr (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
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
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| 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 | |||||
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| 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 Sai Ashray Developers Private Limited, buy the company report.
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 11 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 1 Months | Current |
Peer comparison
Sai Ashray Developers Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Dyl Infra Private Limited | ₹8 Cr (FY 2024) | 352.0% | Bilaspur, Uttar Pradesh, India | |||
| Dhruv Vinimay Private Limited | ₹8 Cr (FY 2023) | 484.0% | Kolkata, West Bengal, India | |||
| Palitana Sugar Mills Pvt Ltd | ₹8 Cr (FY 2025) | 4.0% | Bhavnagar, Gujarat, India | |||
| Anukarati Homes Private Limited | ₹7.99 Cr (FY 2024) | 108.0% | Mumbai, Maharashtra, India | |||
| Sai Ashray Developers Private Limitedthis company | ₹7.99 Cr (FY 2022) | -₹1.14 Cr | -14.2% | 5.0% | 18 | Mumbai, Maharashtra, India |
To see the full peer comparison of Sai Ashray Developers Private Limited, buy the company report.
Auditor
Sai Ashray Developers Private Limited is audited by Manjunath Gowda & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manjunath Gowda & Associates | FY 2022 | 123659W |
Shareholding
The shareholding of Sai Ashray Developers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sai Ashray Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2018 | 100173359 | Others | ₹120 Cr | Satisfied | |
| 22 Mar 2018 | 100169080 | Others | ₹45 Cr | Satisfied | |
| 19 Aug 2015 | 10589276 | The Cosmos Co-Op Bank Ltd | ₹22 Cr | Satisfied | |
| 02 Jan 2015 | 10547741 | Idbi Trusteeship Services Limited | ₹26 Cr | Satisfied | |
| 04 Feb 2014 | 10481480 | Idbi Trusteeship Services Limited | ₹60 Cr | Satisfied |
To see the full charge records of Sai Ashray Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sai Ashray Developers Private Limited has 17 court cases on record: 3 filed by Sai Ashray Developers, 14 filed against it. 6 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 10 | 5 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by PNB Housing Finance Ltd | Pending |
| Bombay High Court | Writ petition | Filed by the company against Pushpanjali Realtors Private Limited and 1 other | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by an individual | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Cupino Limited | Pending |
To see the full case history of Sai Ashray Developers 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
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 |
To see the full MSME payment records of Sai Ashray Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sai Ashray Developers Private Limited has a workforce of 18 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Sai Ashray Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS4670P1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sai Ashray Developers Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 2 current directors:
- Gunashekhar Kashi Vishwanathan - Director
- Yifei Wang - Director
The latest financial statements of Sai Ashray Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 December 2022. Year-wise statements from 2015 are in the company report.
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 14 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, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
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.
Sai Ashray Developers can be reached through the website ahujagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sai Ashray Developers is at Ground Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz West, Mumbai, Maharashtra, India – 400054.
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