Troika Estates Private Limited
About Troika Estates Private Limited
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Troika Estates Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ajmera Citi 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 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1996PTC098547. Its GSTIN is 27AAACT5759N2ZN (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹36 Lakh. It is led by directors including Rajnikant Shamalji Ajmera and Manoj Ishwarlal Ajmera.
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 Citimall 2 Ndfloor Andherinewlinkroadandheri(W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.63 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹3.12 Cr (net margin 4.1%) and EBITDA of ₹13.37 Cr (EBITDA margin 17.7%).
As per MCA filings, the company has open charges of ₹135.7 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Troika Estates Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCitimall 2 Ndfloor Andherinewlinkroadandheri(W), Mumbai, Maharashtra, India – 400053
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Troika Estates 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 Troika Estates 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 Troika Estates Private Limited, buy the company report.
Financials of Troika Estates Private Limited
FY 2024 filings availableTroika Estates Private Limited reported revenue of ₹75.63 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA rose 36% 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 | ₹13.37 Cr | ||||
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| Net Profit (PAT) | ₹3.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 17.7% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Troika Estates Private Limited, buy the company report.
Board of directors of Troika Estates Private Limited
Troika Estates has 5 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Ramesh Mehta Also directs: Ajmera Mehta Buildcon LLP, Mehta and Shah Infrastructure LLP, Deep Constructions and Developers LLP and 4 more | Additional Director | 12 Dec 2024 | 1 Years 10 Months | Current |
| Rajnikant Shamalji Ajmera | Director | 18 Oct 2011 | 15 Years 0 Months | Current |
| Manoj Ishwarlal Ajmera Also directs: Sana Buildpro LLP, Sana Building Products LLP, Ajmera Realty & Infra India Limited and 5 more | Director | 18 Oct 2011 | 15 Years 0 Months | Current |
| Bandish Bhogilal Ajmera Also directs: Offbeat Tech Park LLP, Parsuns Traders LLP, Ajmera Horizon Realty Private Limited and 5 more | Director | 18 Oct 2011 | 15 Years 0 Months | Current |
| Ruchit Ketan Mehta Also directs: Amrut Tara Realty Private Limited, JT Infrastructure Private Limited, International Heavy Metals Private Limited and 2 more | Director | 01 Jun 2019 | 7 Years 4 Months | Current |
Auditor
Troika Estates Private Limited is audited by RUSTOMJI N MEHTA & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RUSTOMJI N MEHTA & Co. | FY 2023 | 108911W |
Shareholding
The shareholding of Troika Estates 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 Troika Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2025 | 101093282 | Hdfc Bank Limited | ₹70 Lakh | Open | |
| 10 Sep 2024 | 100983081 | Others | ₹60 Cr | Open | |
| 15 Jun 2023 | 100738563 | Others | ₹75 Cr | Open | |
| 23 Nov 2002 | 90144185 | Uco Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Troika Estates Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Troika Estates Private Limited has 4 court cases on record: 4 filed by Troika Estates. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (RPA) | Filed by the company against SST. Commissioner of Income Tax Range 2 (3) | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Asst. Commissioner of Income Tax Range 2 (3) | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Income Tax Appellate Tribunal and 2 Ors | Disposed |
To see the full case history of Troika Estates 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 Troika Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Troika Estates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT5759N2ZN | Maharashtra | Active | 17 Apr 2021 |
To see the full GST registrations and return filing status of Troika Estates Private Limited, buy the company report.
Recent activity
Troika Estates Private Limited has 16 board changes on record since 2011: 5 appointments and 11 cessations. The latest: Deepak Ramesh Mehta was appointed as Additional Director on 12 Dec 2024.
12 earlier events are in the company report.
Frequently asked questions
Troika Estates 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 March 1996 (30+ years old) and is registered under CIN U70100MH1996PTC098547.
Troika Estates has 5 current directors:
- Deepak Ramesh Mehta - Additional Director
- Rajnikant Shamalji Ajmera - Director
- Manoj Ishwarlal Ajmera - Director
- Bandish Bhogilal Ajmera - Director
- Ruchit Ketan Mehta - Director
The latest financial statements of Troika Estates 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 GSTIN of Troika Estates is 27AAACT5759N2ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Troika Estates is U70100MH1996PTC098547. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Troika Estates has 4 court cases on record: 4 filed by the company. 2 are pending. Most are in the high courts.
Troika Estates was incorporated on 29 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Deepak Ramesh Mehta was appointed as Additional Director on 12 Dec 2024. Jayshree Ramesh Mehta ceased to be Additional Director on 30 Sep 2019. Ruchit Ketan Mehta ceased to be Additional Director on 30 Sep 2019. Troika Estates has 16 board changes on record in total.
The registered office of Troika Estates is at Citimall 2 Ndfloor AndherinewlinkroadandheriW, Mumbai, Maharashtra, India – 400053.
Troika Estates operates in the real estate and construction industry, in the real estate builders and developers segment.