Tulip Foundations Private Limited
About Tulip Foundations Private Limited
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Tulip Foundations Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the building construction segment of the construction sector. It was incorporated on 12 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45208TN2011PTC082291.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Chetan Manilal Shah and Hareesh Vasanji.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.55 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹35.23 Lakh (net margin -22.7%) and EBITDA of ₹37.86 Lakh (EBITDA margin 24.4%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
The company is associated with 1 brand: Tulip Infratech.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tulip Foundations Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No.32/3A Village No.7 Old No.30 Polachery Village Mambakkam Post Kanch, Eepuram Dt, Chennai, Tamil Nadu, India – 600127
- IndustryConstruction, Buildings
To see the full contact details of Tulip Foundations 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
Brands
Tulip Foundations operates one associated brand: Tulip Infratech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development of residential, commercial, and hospitality projects in India. | tulipgroup.in |
Business activity
The main business activity of Tulip Foundations 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 Tulip Foundations Private Limited, buy the company report.
Financials of Tulip Foundations Private Limited
FY 2025 filings availableTulip Foundations Private Limited reported revenue of ₹1.55 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 3% fall in the latest year. EBITDA rose 131% 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 | ₹37.86 Lakh | ||||
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| Net Profit (PAT) | -₹35.23 Lakh | ||||
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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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| Profitability | |||||
| EBITDA Margin | 24.4% | ||||
| Net Profit Margin | -22.7% | ||||
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To see the full financial statements and ratios of Tulip Foundations Private Limited, buy the company report.
Board of directors of Tulip Foundations Private Limited
Tulip Foundations has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Manilal Shah | Director | 12 Sep 2011 | 15 Years 1 Months | Current |
| Hareesh Vasanji Also directs: Gemini Constructions LLP, Arboretum Foundations Private Limited | Director | 12 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Tulip Foundations 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 |
|---|---|---|---|---|---|---|
| Shiv Parvesh Realtech Private Limited | ₹1.55 Cr (FY 2016) | 45.0% | Delhi, India | |||
| Grey Earth Constructions Private Limited | ₹1.55 Cr (FY 2022) | 113.0% | Bangalore, Karnataka, India | |||
| Oyester Homes Chennai Private Limited | ₹1.55 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Tulip Foundations Private Limitedthis company | ₹1.55 Cr (FY 2025) | -₹35.23 Lakh | -22.7% | -3.0% | Chennai, Tamil Nadu, India | |
| Gold Ghar Constructions Private Limited | ₹1.55 Cr (FY 2024) | 81.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Tulip Foundations Private Limited, buy the company report.
Auditor
Tulip Foundations Private Limited is audited by S.GOPALKRISHNA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.GOPALKRISHNA | FY 2017 | 227793 |
Shareholding
The shareholding of Tulip Foundations Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tulip Foundations Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Tulip Foundations 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 Tulip Foundations Private 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 Tulip Foundations Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Tulip Foundations Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Chetan Manilal Shah was appointed as Director on 12 Sep 2011.
Frequently asked questions
Tulip Foundations is an active private limited company based in Chennai, Tamil Nadu, India. The company works in buildings, within the construction industry. It was incorporated on 12 September 2011 (15+ years old) and is registered under CIN U45208TN2011PTC082291.
Tulip Foundations has 2 current directors:
- Chetan Manilal Shah - Director
- Hareesh Vasanji - Director
The latest financial statements of Tulip Foundations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tulip Foundations is U45208TN2011PTC082291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulip Foundations was incorporated on 12 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Tulip Foundations by revenue are Shiv Parvesh Realtech Private Limited, Grey Earth Constructions Private Limited, Oyester Homes Chennai Private Limited, Gold Ghar Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Chetan Manilal Shah was appointed as Director on 12 Sep 2011. Hareesh Vasanji was appointed as Director on 12 Sep 2011.
The registered office of Tulip Foundations is at Survey No.323A Village No.7 Old No.30 Polachery Village Mambakkam Post Kanch, Eepuram Dt, Chennai, Tamil Nadu, India – 600127.
Tulip Foundations operates in the construction industry, in the buildings segment.
The compliance status of Tulip Foundations is compliant as of 27 August 2026. The company is actively filing with the Registrar of Companies.
Tulip Foundations has 1 associated brand: Tulip Infratech.
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