MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0060536
Vaswani Estates Developers Private Limited. - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹125.25 Cr
▼ 35% YoY
Net profit · FY 2024
₹12.4 Cr
Net margin 9.9%
EBITDA · FY 2024
₹32.56 Cr
EBITDA margin 26%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹365.03 Cr
Satisfied ₹321.85 Cr
Company age
41 yrs
Est. 1985
Directors on board
4
As per MCA filings
About Vaswani Estates Developers Private Limited.
Data last updated:
Vaswani Estates Developers Private Limited. is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 February 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA1985PTC031171. Its GSTIN is 29AABCV1065C1ZL (Karnataka).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Neville Maniklal Vaswani (Managing Director) and Arun Atu Advani (Managing Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
As per the financials filed for FY 2024, the company reported a revenue of ₹125.25 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net profit of ₹12.4 Cr (net margin 9.9%) and EBITDA of ₹32.56 Cr (EBITDA margin 26%). Revenue has grown at a compounded annual rate (CAGR) of 16% over five years.
Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Vaswani Group. As per MCA filings, the company has open charges of ₹365.03 Cr and satisfied charges of ₹321.85 Cr on record. Court records list 32 cases involving the company, including 24 filed by the company and 8 filed against it; 5 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2024. Its 7 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 3 smaller; the largest is B.L.Mehta Constructions Private Limited with revenue of ₹125.74 Cr.
Vaswani Estates Developers Private Limited. is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0060536). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaswanigroup.com.
Company details
CIN U45201KA1985PTC031171
Registration Number 031171
Incorporation Date 08 February 1985
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0060536
CIN history
Vaswani Estates Developers Private Limited has one previous CIN (Corporate Identification Number): U45201KA2002PTC031171. The current CIN is U45201KA1985PTC031171, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201KA1985PTC031171 | Current |
| U45201KA2002PTC031171 | Previous |
Key People
Neville Maniklal Vaswani Managing Director Arun Atu Advani Managing Director Maniklal Vaswani Atmaram Director Recognitions & Rankings of Vaswani Estates Developers Private Limited
Contact details
Vaswani Estates Developers Private Limited.'s registered office is in Bangalore, Karnataka. Its website is vaswanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vaswani Estates Developers Private Limited., buy the company report.
Comprehensive company report
Vaswani Estates Developers 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
Vaswani Estates Developers Private Limited operates one associated brand: Vaswani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops luxury residential and commercial properties across Indian cities. | vaswanigroup.com |
Business activity
The main business activity of Vaswani Estates Developers Private Limited 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 Vaswani Estates Developers Private Limited., buy the company report.
Financials of Vaswani Estates Developers Private Limited.
FY 2025 filings availableVaswani Estates Developers Private Limited. reported revenue of ₹125.25 Cr (down 35% YoY) for FY 2024.
Revenue · FY 2024
₹125.25 Cr ▼ 35%
Net profit · FY 2024
₹12.4 Cr margin 9.9%
EBITDA · FY 2024
₹32.56 Cr margin 26%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 35%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 2%
Revenue fell 35% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 46% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.4 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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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 | 26% | ||||
| Net Profit Margin | 9.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vaswani Estates Developers Private Limited., buy the company report.
Board of directors of Vaswani Estates Developers Private Limited.
Vaswani Estates Developers Private Limited has 4 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 |
|---|---|---|---|---|
| Neville Maniklal Vaswani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Managing Director | 01 Dec 2001 | 24 Years 11 Months | Current |
| Arun Atu Advani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Managing Director | 01 Dec 2001 | 24 Years 11 Months | Current |
| Maniklal Vaswani Atmaram | Director | 11 Feb 1985 | 41 Years 8 Months | Current |
| Ramesh Vaswani Atmaram | Director | 11 Feb 1985 | 41 Years 8 Months | Current |
Peer comparison
Vaswani Estates Developers Private Limited. is compared with the 7 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 |
|---|---|---|---|---|---|---|
| B.L.Mehta Constructions Private Limited | ₹125.74 Cr (FY 2021) | -9.0% | Punjab, India | |||
| Country Colonisers Pvt. Ltd | ₹125.52 Cr (FY 2025) | 30.0% | Mohali, Punjab, India | |||
| JP Infra Residency Private Limited | ₹125.34 Cr (FY 2024) | -46.0% | Mumbai, Maharashtra, India | |||
| Scenicbeauty Homes Private Limited | ₹125.26 Cr (FY 2024) | 38.0% | Bangalore, Karnataka, India | |||
| Vaswani Estates Developers Private Limited.this company | ₹125.25 Cr (FY 2024) | ₹12.4 Cr | 9.9% | -35.0% | Bangalore, Karnataka, India | |
| Inter Touch Metal Buildings Private Limited | ₹124.9 Cr (FY 2025) | 9.0% | Chennai, Tamil Nadu, India | |||
| Giridhari Homes Private Limited | ₹124.77 Cr (FY 2022) | 1220.0% | Hyderabad, Telangana, India | |||
| Kavisha Procon Private Limited | ₹124.56 Cr (FY 2025) | -1.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Vaswani Estates Developers Private Limited., buy the company report.
Auditor
Vaswani Estates Developers Private Limited. is audited by S. Janardhan & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. Janardhan & Associates | FY 2023 | 005310S |
Shareholding
The shareholding of Vaswani Estates Developers 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 Vaswani Estates Developers Private Limited., buy the company report.
Charges & borrowings
Open charges
₹365.03 Cr
Satisfied charges
₹321.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2025 | 101210421 | Tata Capital Housing Finance Limited | ₹207 Cr | Open | |
| 10 Jun 2024 | 100929391 | Others | ₹150 Cr | Open | |
| 18 Mar 2023 | 100694443 | Axis Bank Limited | ₹82.5 Lakh | Open | |
| 16 Jan 2023 | 100669349 | Axis Bank Limited | ₹50 Lakh | Open | |
| 30 Mar 2016 | 100018341 | Axis Bank Limited | ₹1.7 Cr | Open |
To see the full charge records of Vaswani Estates Developers Private Limited., buy the company report.
Total charge records: 17 View all charges
Deals & funding
Vaswani Estates Developers Private Limited. has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2024.
Total deals
7
Secondary share transfers
6
Funding round
1
Disclosed funding
₹2 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: NMV Holdings Private Limited Seller: an individual |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
To see the full deal history of Vaswani Estates Developers Private Limited., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vaswani Estates Developers Private Limited. has 32 court cases on record: 24 filed by Vaswani Estates Developers Private Limited, 8 filed against it. 5 cases are pending and 27 are disposed.
Total cases
32
Filed by the company
24
Filed against the company
8
Pending
5
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 4 | 1 |
| District courts | 14 | 2 | 3 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Nitesh Estates Limited and 16 others | Pending |
| High Court | Writ petition | Filed by the company against M /S Nitesh Estates Limited and 16 others | Disposed |
| Supreme Court | Court case (1805-Ordinary Civil Matters : Matters relating to specific performance of contract) | Filed by the company against 7 M/S Nitesh Estates Limited Managing Director Nitesh Timesquare Level - 7, No8, M.G. Road ,Bangalore , Karnataka and 16 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Royal Fragrances Pvt Ltd Having Its Head Offic | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Vikas Telecom Ltd and 3 others | Disposed |
To see the full case history of Vaswani Estates Developers 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 Vaswani Estates Developers Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vaswani Estates Developers Private Limited has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Vaswani Whitefield Projects Private Limited | U45200KA2005PTC036222 | |
| Peninsula Projects (Bangalore) Private Limited | U45200KA2006PTC040144 | |
| Esquire Mall Developers Private Limited | U45201KA2006PTC038723 | |
| Tranquil Realty Private Limited | U45400KA1998PTC023868 |
To see the full group structure of Vaswani Estates Developers Private Limited., buy the company report.
GST
Vaswani Estates Developers Private Limited has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCV1065C1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vaswani Estates Developers Private Limited., buy the company report.
Recent activity
Vaswani Estates Developers Private Limited. has 8 board changes on record since 1985: 4 appointments and 4 cessations. The latest: Maniklal Vaswani Atmaram ceased to be Director on 31 Mar 2025.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 207.00 Cr with Charge ID 101210421 was registered on 30 Dec 2025.
Charges
A charge with Tata Capital Housing Finance Limited of Rs. 207.00 Cr registered on 30 Dec 2025 with Charge ID 101210421 was modified on 30 Dec 2025.
Charges
A charge registered on 18 Mar 2023 via Charge ID 100692853 with Others was fully satisfied on 19 Dec 2025.
AGM
Vaswani Estates Developers Private Limited. last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Vaswani Estates Developers Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Maniklal Vaswani Atmaram ceased to be Director.
Ceased
Ramesh Vaswani Atmaram ceased to be Director.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 100929391 was registered on 10 Jun 2024.
Charges
A charge registered on 14 Sep 2022 via Charge ID 100607463 with Others was fully satisfied on 22 Aug 2023.
Charges
A charge registered on 12 Aug 2022 via Charge ID 100618879 with Hdfc Bank Limited was fully satisfied on 03 Aug 2023.
Charges
A charge with Others of Rs. 11.35 Cr registered on 14 Sep 2022 with Charge ID 100607463 was modified on 08 Jun 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.83 Cr with Charge ID 100694443 was registered on 18 Mar 2023.
31 earlier events are in the company report.
Frequently asked questions
Vaswani Estates Developers Private Limited is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 February 1985 (41+ years old) and is registered under CIN U45201KA1985PTC031171.
Vaswani Estates Developers Private Limited has 4 current directors:
- Neville Maniklal Vaswani - Managing Director
- Arun Atu Advani - Managing Director
- Maniklal Vaswani Atmaram - Director
- Ramesh Vaswani Atmaram - Director
The latest financial statements of Vaswani Estates Developers Private Limited on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vaswani Estates Developers Private Limited is 29AABCV1065C1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Vaswani Estates Developers Private Limited is U45201KA1985PTC031171. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaswani Estates Developers Private Limited has 32 court cases on record: 24 filed by the company and 8 filed against it. 5 are pending. Most are in the high courts.
Vaswani Estates Developers Private Limited was incorporated on 08 February 1985, making it 41+ years old. It is registered with the Registrar of Companies, Bangalore.
Vaswani Estates Developers Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹2 Cr; the latest was in March 2024.
The peers of Vaswani Estates Developers Private Limited by revenue are B.L.Mehta Constructions Private Limited, Country Colonisers Pvt. Ltd, JP Infra Residency Private Limited, Scenicbeauty Homes Private Limited, Inter Touch Metal Buildings Private Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Maniklal Vaswani Atmaram ceased to be Director on 31 Mar 2025. Ramesh Vaswani Atmaram ceased to be Director on 31 Mar 2025. Anil Advani Atu ceased to be Director on 01 Apr 2013. Vaswani Estates Developers Private Limited has 8 board changes on record in total.
Yes, Vaswani Estates Developers Private Limited is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0060536).
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