Vardhan Real Estates Private Limited
About Vardhan Real Estates Private Limited
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Vardhan Real Estates Private Limited is a private limited company based in Chicalim, Goa, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 March 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U70101GA1990PTC001028. Its GSTIN is 30AAACV5951A1ZW (Goa).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Baje Sandeep Pai and Dattaraj Vassudeva Salgaocar.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Salgaocar Centre E4 Murgaon Estate Off Airport Road, Chicalim, Goa, India – 403711.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.26 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹6.4 Cr (net margin 283.2%) and EBITDA of ₹6.83 Cr (EBITDA margin 302.5%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 3% over five years.
Its group structure includes 2 subsidiaries.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vardhan Real Estates Private Limited's registered office is in Chicalim, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSalgaocar Centre E4 Murgaon Estate Off Airport Road, Chicalim, Goa, India – 403711
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vardhan Real 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
Financials of Vardhan Real Estates Private Limited
FY 2024 filings availableVardhan Real Estates Private Limited reported revenue of ₹2.26 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 43% 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 | ₹6.83 Cr | ||||
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| Net Profit (PAT) | ₹6.4 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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| Profitability | |||||
| EBITDA Margin | 302.5% | ||||
| Net Profit Margin | 283.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vardhan Real Estates Private Limited, buy the company report.
Board of directors of Vardhan Real Estates Private Limited
Vardhan Real Estates has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baje Sandeep Pai Also directs: Hotel La Paz Gardens Private Limited, Salgaocar Realtors Private Limited, Berkshire Real Estate Private Limited and 5 more | Director | 18 Jan 2025 | 1 Years 9 Months | Current |
| Dattaraj Vassudeva Salgaocar | Director | 10 Jul 1992 | 34 Years 3 Months | Current |
Peer comparison
Vardhan Real Estates Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pride and Expert Properties Private Limited | ₹2.26 Cr (FY 2025) | -96.0% | Bangalore, Karnataka, India | |||
| Swarnima Infratech Private Limited | ₹2.26 Cr (FY 2025) | 5.0% | Lucknow, Uttar Pradesh, India | |||
| NBS Heights Private Limited | ₹2.26 Cr (FY 2023) | 47.0% | Lucknow, Uttar Pradesh, India | |||
| Lerida Properties Private Limited | ₹2.26 Cr (FY 2024) | -10.0% | Thane, Maharashtra, India | |||
| Mahima Vanijya Private Limited | ₹2.26 Cr (FY 2025) | 7331.0% | Burdwan, West Bengal, India | |||
| Vardhan Real Estates Private Limitedthis company | ₹2.26 Cr (FY 2025) | ₹6.4 Cr | 283.2% | -32.0% | Chicalim, Goa, India | |
| Care Promoters Chennai Private Limited | ₹2.26 Cr (FY 2024) | -68.0% | Chennai, Tamil Nadu, India | |||
| Lakshmishree Realestate & Landscaper Private Limited | ₹2.26 Cr (FY 2025) | 85.0% | Mumbai, Maharashtra, India | |||
| Aetrio Developers Private Limited | ₹2.26 Cr (FY 2025) | 0.0% | Kozikkode, Kerala, India | |||
| HPC Export Private Limited | ₹2.26 Cr (FY 2024) | 475.0% | New Delhi, Delhi, India | |||
| Pavithra Constructions Private Limited | ₹2.26 Cr (FY 2025) | -63.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Vardhan Real Estates Private Limited, buy the company report.
Auditor
Vardhan Real Estates Private Limited is audited by S. J. THALY & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. J. THALY & CO. | FY 2022 | 110946W |
Shareholding
The shareholding of Vardhan Real Estates Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhan Real Estates Private Limited, buy the company report.
Legal cases
Vardhan Real Estates Private Limited has 2 court cases on record: 1 filed by Vardhan Real Estates, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (MCA) | Filed against the company by Mahadhan Real Estates Pvt. Ltd. Through P.O.A. Mr. Samir R. Audi and Anr., | Disposed |
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed by the company against The State of Goa THR. the Chief Secretary Secretariat, Provorim , , Goa and 8 others | Pending |
To see the full case history of Vardhan Real 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 Vardhan Real Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vardhan Real Estates has 2 subsidiary companies and 4 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Goa Agro Tech Private Limited | U01122GA1996PTC002089 | |
| Terraqueo Real Estate Private Limited | U67120GA1993PTC001413 |
To see the full group structure of Vardhan Real Estates Private Limited, buy the company report.
GST
Vardhan Real Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACV5951A1ZW | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhan Real Estates Private Limited, buy the company report.
Recent activity
Vardhan Real Estates Private Limited has 6 board changes on record since 1992: 2 appointments and 4 cessations. The latest: Baje Sandeep Pai ceased to be Additional Director on 26 Sep 2025.
Frequently asked questions
Vardhan Real Estates is an active private limited company based in Chicalim, Goa, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 March 1990 (36+ years old) and is registered under CIN U70101GA1990PTC001028.
Vardhan Real Estates has 2 current directors:
- Baje Sandeep Pai - Director
- Dattaraj Vassudeva Salgaocar - Director
The latest financial statements of Vardhan Real Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vardhan Real Estates is 30AAACV5951A1ZW, registered in Goa.
The CIN (Corporate Identification Number) of Vardhan Real Estates is U70101GA1990PTC001028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhan Real Estates has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Vardhan Real Estates was incorporated on 06 March 1990, making it 36+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Vardhan Real Estates by revenue are Pride and Expert Properties Private Limited, Swarnima Infratech Private Limited, NBS Heights Private Limited, Lerida Properties Private Limited, Mahima Vanijya Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Baje Sandeep Pai ceased to be Additional Director on 26 Sep 2025. Baje Sandeep Pai was appointed as Director on 18 Jan 2025. Sundaram G T ceased to be Director on 20 Oct 2023. Vardhan Real Estates has 6 board changes on record in total.
The registered office of Vardhan Real Estates is at Salgaocar Centre E4 Murgaon Estate Off Airport Road, Chicalim, Goa, India – 403711.
Vardhan Real Estates operates in the real estate and construction industry, in the real estate builders and developers segment.