India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Khurshed Y Daruvala ₹1,000 Cr
Revenue · FY 2025
₹13.46 Cr
▲ 4% YoY
Net loss · FY 2025
₹38.16 Cr
Net margin -283.5%
EBITDA · FY 2025
-₹26.32 Cr
EBITDA margin -195.6%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹22.1 Cr
Issued & subscribed
Open charges
₹25 Cr
Satisfied ₹140.7 Cr
Company age
35 yrs
Est. 1991
Directors on board
2
As per MCA filings
About Transtel Utilities Private Limited
Data last updated:
Transtel Utilities Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 08 March 1991 and has been in existence for over 35 years.
Its director Khurshed Y Daruvala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51395MH1991PTC060681. Its GSTIN is 27AAACD2016N1ZS (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹22.1 Cr. It was formerly known as Transtle Systems Private Limited and Transtel Systems Private Limited. It is led by directors Zarine Yazdi Daruvala and Khurshed Yazdi Daruvala.
Its last annual general meeting (AGM) was held on 01 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 9th Floor Universal Majestic P .L.Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.46 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹38.16 Cr (net margin -283.5%) and EBITDA of -₹26.32 Cr (EBITDA margin -195.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company is associated with 1 brand: Transtel Utilities. As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹140.7 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website transtelutilities.com.
Company details
CIN U51395MH1991PTC060681
Registration Number 060681
Incorporation Date 08 March 1991
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 December 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Name history
Transtel Utilities has undergone 2 name changes throughout its history. The company was previously known as Transtle Systems Private Limited, and Transtel Systems Private Limited. The current legal name is Transtel Utilities Private Limited.
| Company Name | Status |
|---|---|
| Transtel Utilities Private Limited | Current |
| Transtle Systems Private Limited | Previous |
| Transtel Systems Private Limited | Previous |
Recognitions & Rankings of Transtel Utilities
Contact details
Transtel Utilities Private Limited's registered office is in Mumbai, Maharashtra. Its website is transtelutilities.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9th Floor Universal Majestic P .L.Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Transtel Utilities Private Limited, buy the company report.
Comprehensive company report
Transtel Utilities 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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Brands
Transtel Utilities operates one associated brand: Transtel Utilities. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for wind energy projects. | transtelutilities.com |
Business activity
The main business activity of Transtel Utilities is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Transtel Utilities Private Limited, buy the company report.
Financials of Transtel Utilities Private Limited
FY 2025 filings availableTranstel Utilities Private Limited reported revenue of ₹13.46 Cr (up 4% YoY) for FY 2025.
Revenue · FY 2025
₹13.46 Cr ▲ 4%
Net loss · FY 2025
₹38.16 Cr margin -283.5%
EBITDA · FY 2025
-₹26.32 Cr margin -195.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▼ 4%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 214%
3 years · compounded
▼ 60%
5 years · compounded
▼ 34%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 4% growth in the latest year. EBITDA fell 214% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| EBITDA | -₹26.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.16 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -195.6% | ||||
| Net Profit Margin | -283.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Transtel Utilities Private Limited, buy the company report.
Board of directors of Transtel Utilities Private Limited
Transtel Utilities has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zarine Yazdi Daruvala | Director | 29 Dec 2006 | 19 Years 10 Months | Current |
| Khurshed Yazdi Daruvala | Director | 02 Apr 2010 | 16 Years 6 Months | Current |
Auditor
Transtel Utilities Private Limited is audited by HORMUZD N. SINOR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HORMUZD N. SINOR | FY 2023 |
Shareholding
The shareholding of Transtel Utilities Private 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 Transtel Utilities Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Cr
Satisfied charges
₹140.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2025 | 101095601 | Others | ₹25 Cr | Open | |
| 08 Sep 2021 | 100482501 | Others | ₹56 Cr | Satisfied | |
| 13 Oct 2020 | 100388895 | Others | ₹19 Cr | Satisfied | |
| 12 May 2016 | 100034744 | Others | ₹37.2 Cr | Satisfied | |
| 10 Apr 2013 | 10424845 | Indusind Bank Ltd. | ₹28.5 Cr | Satisfied |
To see the full charge records of Transtel Utilities Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Transtel Utilities Private Limited has 1 court case on record: 1 filed by Transtel Utilities. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Mighty Construction Private Limited and 2 others | Disposed |
To see the full case history of Transtel Utilities 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 Transtel Utilities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Transtel Utilities has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD2016N1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Transtel Utilities Private Limited, buy the company report.
Recent activity
Transtel Utilities Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Kainaz Khurshed Daruvalla ceased to be Director on 22 Feb 2019.
AGM
Transtel Utilities Private Limited last Annual general meeting of members was held on 01 Dec 2025 as per latest MCA records.
Filing
Transtel Utilities Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101095601 was registered on 24 Mar 2025.
Charges
A charge registered on 12 May 2016 via Charge ID 100034744 with Others was fully satisfied on 13 Mar 2025.
Charges
A charge registered on 08 Sep 2021 via Charge ID 100482501 with Others was fully satisfied on 01 Feb 2024.
Charges
A charge registered on 13 Oct 2020 via Charge ID 100388895 with Others was fully satisfied on 01 Feb 2024.
Charges
A charge with Others amounted to Rs. 56.00 Cr with Charge ID 100482501 was registered on 08 Sep 2021.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 100388895 was registered on 13 Oct 2020.
Ceased
Kainaz Khurshed Daruvalla ceased to be Director.
Charges
A charge with Others of Rs. 37.20 Cr registered on 12 May 2016 with Charge ID 100034744 was modified on 02 Nov 2017.
Charges
A charge registered on 10 Apr 2013 via Charge ID 10424845 with Indusind Bank Ltd. was fully satisfied on 22 Jun 2016.
Charges
A charge with Others amounted to Rs. 37.20 Cr with Charge ID 100034744 was registered on 12 May 2016.
6 earlier events are in the company report.
Frequently asked questions
Transtel Utilities is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 08 March 1991 (35+ years old) and is registered under CIN U51395MH1991PTC060681.
Transtel Utilities has 2 current directors:
- Zarine Yazdi Daruvala - Director
- Khurshed Yazdi Daruvala - Director
The latest financial statements of Transtel Utilities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Transtel Utilities is 27AAACD2016N1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Transtel Utilities is U51395MH1991PTC060681. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Transtel Utilities has 1 court case on record: 1 filed by the company.
Transtel Utilities was incorporated on 08 March 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
Kainaz Khurshed Daruvalla ceased to be Director on 22 Feb 2019. Pervin Zarir Madan ceased to be Director on 19 Apr 2010. Zarir Pesi Madan ceased to be Director on 19 Apr 2010. Transtel Utilities has 5 board changes on record in total.
Transtel Utilities can be reached through the website transtelutilities.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Transtel Utilities is at 9th Floor Universal Majestic P .L.Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043.
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