MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0063629
Salisbury Projects Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹2.03 Cr
▲ 8% YoY
Net profit · FY 2026
₹1.04 Cr
Net margin 51.2%
EBITDA · FY 2026
₹1.65 Cr
EBITDA margin 81.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹8 Cr
Satisfied ₹35.85 Cr
Company age
30 yrs
Est. 1996
Directors on board
2
As per MCA filings
About Salisbury Projects Private Limited
Data last updated:
Salisbury Projects Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Primrose Realty Projects (Bangalore) Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA1996PTC019599. Its GSTIN is 29AABCS9291D1Z2 (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Neville Maniklal Vaswani and Arun Atu Advani.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
As per the financials filed for FY 2026, the company reported a revenue of ₹2.03 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 51.2%) and EBITDA of ₹1.65 Cr (EBITDA margin 81.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹8 Cr and satisfied charges of ₹35.85 Cr on record.
Salisbury Projects Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0063629). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaswanigroup.com.
Company details
CIN U45201KA1996PTC019599
Registration Number 019599
Incorporation Date 17 January 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2026
Parent Company Primrose Realty Projects (Bangalore) Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0063629
Recognitions & Rankings of Salisbury Projects
Contact details
Salisbury Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is vaswanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Salisbury Projects Private Limited, buy the company report.
Comprehensive company report
Salisbury Projects Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Salisbury Projects is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Salisbury Projects Private Limited, buy the company report.
Financials of Salisbury Projects Private Limited
FY 2026 filings availableSalisbury Projects Private Limited reported revenue of ₹2.03 Cr (up 8% YoY) for FY 2026.
Revenue · FY 2026
₹2.03 Cr ▲ 8%
Net profit · FY 2026
₹1.04 Cr margin 51.2%
EBITDA · FY 2026
₹1.65 Cr margin 81.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 2%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 5%
5 years · compounded
▲ 3%
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 12% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.04 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.5% | ||||
| Net Profit Margin | 51.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Salisbury Projects Private Limited, buy the company report.
Board of directors of Salisbury Projects Private Limited
Salisbury Projects has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neville Maniklal Vaswani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Director | 19 Jan 1996 | 30 Years 9 Months | Current |
| Arun Atu Advani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Director | 19 Jan 1996 | 30 Years 9 Months | Current |
Auditor
Salisbury Projects Private Limited is audited by Kanish K Jain for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kanish K Jain | FY 2026 | 229048 |
Shareholding
The shareholding of Salisbury Projects Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Salisbury Projects Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Cr
Satisfied charges
₹35.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100053311 | Others | ₹6.4 Cr | Open | |
| 22 Sep 2016 | 100053313 | Others | ₹1.6 Cr | Open | |
| 21 Jan 2013 | 10410226 | Icici Bank Limited | ₹7.85 Cr | Satisfied | |
| 27 Feb 2008 | 10102094 | State Bank of India | ₹10 Cr | Satisfied | |
| 05 Sep 2006 | 10019219 | Corporation Bank | ₹9 Cr | Satisfied |
To see the full charge records of Salisbury Projects Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Salisbury Projects Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Salisbury Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salisbury Projects has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCS9291D1Z2 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Salisbury Projects Private Limited, buy the company report.
Recent activity
Salisbury Projects Private Limited has 10 board changes on record since 1996: 2 appointments and 8 cessations. The latest: Arun Atu Advani ceased to be Managing Director on 15 Mar 2018.
Filing
Salisbury Projects Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
AGM
Salisbury Projects Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge with Others of Rs. 6.40 Cr registered on 22 Sep 2016 with Charge ID 100053311 was modified on 13 Apr 2022.
Charges
A charge with Others of Rs. 1.60 Cr registered on 22 Sep 2016 with Charge ID 100053313 was modified on 13 Apr 2022.
Ceased
Arun Atu Advani ceased to be Managing Director.
Ceased
Neville Maniklal Vaswani ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 6.40 Cr with Charge ID 100053311 was registered on 22 Sep 2016.
Charges
A charge with Others amounted to Rs. 1.60 Cr with Charge ID 100053313 was registered on 22 Sep 2016.
Charges
A charge registered on 21 Jan 2013 via Charge ID 10410226 with Icici Bank Limited was fully satisfied on 14 Sep 2016.
Ceased
Anil Advani Atu ceased to be Director.
Ceased
Indu Maniklal Vaswani ceased to be Director.
Ceased
Karan Vaswani Ramesh ceased to be Director.
13 earlier events are in the company report.
Frequently asked questions
Salisbury Projects is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 January 1996 (30+ years old) and is registered under CIN U45201KA1996PTC019599.
Salisbury Projects has 2 current directors:
- Neville Maniklal Vaswani - Director
- Arun Atu Advani - Director
The latest financial statements of Salisbury Projects on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Salisbury Projects is 29AABCS9291D1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Salisbury Projects is U45201KA1996PTC019599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salisbury Projects was incorporated on 17 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Arun Atu Advani ceased to be Managing Director on 15 Mar 2018. Neville Maniklal Vaswani ceased to be Managing Director on 15 Mar 2018. Anil Advani Atu ceased to be Director on 01 Apr 2013. Salisbury Projects has 10 board changes on record in total.
Yes, Salisbury Projects is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0063629).
Salisbury Projects can be reached through the website vaswanigroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Salisbury Projects is at Vaswani Victoria 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
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