Spiti Realty Limited
About Spiti Realty Limited
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Spiti Realty Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 July 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70100GJ1992PLC105081.
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹11.47 Cr. It was formerly known as Jolly Estate Developers Limited. It is led by directors including Prayag Shailesh Kadakia (Managing Director) and Harita Prayag Kadakia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.14 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹23.17 Lakh (net margin 20.4%) and EBITDA of ₹23.17 Lakh (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 49% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Spiti Realty has one previous CIN (Corporate Identification Number): U70100MH1992PLC067502. The current CIN is U70100GJ1992PLC105081, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100GJ1992PLC105081 | Current |
| U70100MH1992PLC067502 | Previous |
Contact details
Spiti Realty Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 231 Siddharth Excellence Opp D – Mart, Vasna Main Road Vasna, Vadodara, Gujarat, India – 390007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Spiti Realty 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 Spiti 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 Spiti Realty Limited, buy the company report.
Financials of Spiti Realty Limited
FY 2024 filings availableSpiti Realty Limited reported revenue of ₹1.14 Cr (up 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 51% growth in the latest year. EBITDA rose 839% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹23.17 Lakh | ||||
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| Net Profit (PAT) | ₹23.17 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.4% | ||||
| Net Profit Margin | 20.4% | ||||
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To see the full financial statements and ratios of Spiti Realty Limited, buy the company report.
Board of directors of Spiti Realty Limited
Spiti Realty has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harita Prayag Kadakia | Director | 23 Mar 2024 | 2 Years 7 Months | Current |
| Prayag Shailesh Kadakia | Managing Director | 23 Mar 2023 | 3 Years 7 Months | Current |
| Kunal Birenbhai Patel Also directs: Sansag Infrastructure Limited | Director | 23 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Spiti Realty 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 |
|---|---|---|---|---|---|---|
| Maurya Heights Buildcon Private Limited | ₹1.14 Cr (FY 2025) | -23.0% | New Delhi, Delhi, India | |||
| Spiti Realty Limitedthis company | ₹1.14 Cr (FY 2024) | ₹23.17 Lakh | 20.4% | 51.0% | Vadodara, Gujarat, India | |
| Ramajyothi Infratech Private Limited | ₹1.14 Cr (FY 2017) | -6.0% | Hyderabad, Telangana, India | |||
| Adithya Townships Private Limited | ₹1.14 Cr (FY 2018) | -72.0% | Vijayawada, Andhra Pradesh, India | |||
| Mahira Buildwell Private Limited | ₹1.14 Cr (FY 2022) | 45263.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Spiti Realty Limited, buy the company report.
Auditor
Spiti Realty Limited is audited by MAYUR SHAH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAYUR SHAH & ASSOCIATES | FY 2023 | 106125W |
Shareholding
The shareholding of Spiti Realty Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spiti Realty Limited, buy the company report.
Legal cases
No court or tribunal cases involving Spiti Realty 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 Spiti Realty Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Spiti Realty Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Spiti Realty Limited has 17 board changes on record since 2014: 4 appointments and 13 cessations. The latest: Harita Prayag Kadakia was appointed as Director on 23 Mar 2024.
8 earlier events are in the company report.
Frequently asked questions
Spiti Realty is an active public limited company based in Vadodara, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 July 1992 (34+ years old) and is registered under CIN U70100GJ1992PLC105081.
Spiti Realty has 3 current directors:
- Prayag Shailesh Kadakia - Managing Director
- Harita Prayag Kadakia - Director
- Kunal Birenbhai Patel - Director
The latest financial statements of Spiti Realty on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spiti Realty is U70100GJ1992PLC105081. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spiti Realty was incorporated on 01 July 1992, making it 34+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Spiti Realty by revenue are Maurya Heights Buildcon Private Limited, Ramajyothi Infratech Private Limited, Adithya Townships Private Limited, Mahira Buildwell Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Harita Prayag Kadakia was appointed as Director on 23 Mar 2024. Aniket Birenbhai Patel ceased to be Director on 13 Feb 2024. Kunal Birenbhai Patel ceased to be Director on 13 Feb 2024. Spiti Realty has 17 board changes on record in total.
The registered office of Spiti Realty is at C – 231 Siddharth Excellence Opp D – Mart, Vasna Main Road Vasna, Vadodara, Gujarat, India – 390007.
Spiti Realty operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of Spiti Realty is compliant as of 29 September 2026. The company is actively filing with the Registrar of Companies.
Yes. Spiti Realty was formerly known as Jolly Estate Developers Limited.