About Vaswani Projects Private Limited
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Vaswani Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1993PTC074605. Its GSTIN is 27AABCT3826H1ZC (Maharashtra).
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.3 Cr. It was formerly known as Topline Trasefinvest Private Limited. It is led by directors including Anil Advani Atu (Managing Director) and Karan Vaswani Ramesh (Managing Director).
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 102 Sant Niwas394 Linking Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹90.23 Cr, a growth of 82% compared to the previous year. For the same year it recorded a net profit of ₹11.78 Cr (net margin 13.1%) and EBITDA of ₹18.41 Cr (EBITDA margin 20.4%). Revenue has grown at a compounded annual rate (CAGR) of 158% over three years and 73% over five years.
As per MCA filings, the company has open charges of ₹45.5 Cr and satisfied charges of ₹79 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 5 cases are pending.
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
Contact details
Vaswani Projects Private Limited's registered office is in Mumbai, Maharashtra. Its website is vaswanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address102 Sant Niwas394 Linking Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vaswani Projects 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 Vaswani Projects 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 Projects Private Limited, buy the company report.
Financials of Vaswani Projects Private Limited
FY 2024 filings availableVaswani Projects Private Limited reported revenue of ₹90.23 Cr (up 82% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over five years, including 82% growth in the latest year. EBITDA rose 150% 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 | ₹18.41 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹11.78 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 | 20.4% | ||||
| Net Profit Margin | 13.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vaswani Projects Private Limited, buy the company report.
Board of directors of Vaswani Projects Private Limited
Vaswani Projects has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Advani Atu | Managing Director | 12 Jul 1999 | 27 Years 4 Months | Current |
| Karan Vaswani Ramesh | Managing Director | 12 Jul 1999 | 27 Years 4 Months | Current |
| Ajay Ramesh Vaswani | Director | 30 Aug 2006 | 20 Years 2 Months | Current |
Peer comparison
Vaswani Projects Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sheth Developers Private Limited | ₹90.37 Cr (FY 2025) | 304.0% | Mumbai, Maharashtra, India | |||
| Aaryan Infra-Build Private Limited | ₹90.33 Cr (FY 2025) | -15.0% | Ahmedabad, Gujarat, India | |||
| Vaswani Projects Private Limitedthis company | ₹90.23 Cr (FY 2025) | ₹11.78 Cr | 13.1% | 82.0% | Mumbai, Maharashtra, India | |
| Onehub (Chennai) Private Limited | ₹90.03 Cr (FY 2025) | 38.0% | Thiruporur, Tamil Nadu, India |
To see the full peer comparison of Vaswani Projects Private Limited, buy the company report.
Auditor
Vaswani Projects Private Limited is audited by P.G. RANADE & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.G. RANADE & CO. | FY 2023 | AAMFP2612H |
Shareholding
The shareholding of Vaswani Projects 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 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 Vaswani Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Oct 2025 | 101185688 | Others | ₹20 Cr | Open | |
| 22 Sep 2025 | 101169724 | Others | ₹23 Cr | Open | |
| 30 Jun 2013 | 10441146 | Corporation Bank | ₹2.5 Cr | Open | |
| 03 Oct 2024 | 100993945 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 01 Sep 2022 | 100610586 | Tata Capital Housing Finance Limited | ₹35 Cr | Satisfied |
To see the full charge records of Vaswani Projects Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Vaswani Projects Private Limited has 13 court cases on record: 6 filed by Vaswani Projects, 7 filed against it. 5 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 2 | 0 |
| District courts | 5 | 5 | 5 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES W) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES W) | Filed against the company by M/S. Aarti Enterprises and 1 other | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Utsahi Maratha Mandal Cooperative Housing Society Limited | Disposed |
To see the full case history of Vaswani Projects 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
Vaswani Projects Private Limited has 5 MSME Form 1 returns on record between 2017 and 2019, listing 12 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Wohr Parking Systems Private Limited | |||
| Kone Elevator India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vaswani Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vaswani Projects has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Vaswani Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT3826H1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vaswani Projects Private Limited, buy the company report.
Recent activity
Vaswani Projects Private Limited has 12 board changes on record since 1999: 3 appointments and 9 cessations. The latest: Maniklal Vaswani Atmaram ceased to be Director on 01 Oct 2016.
14 earlier events are in the company report.
Frequently asked questions
Vaswani Projects 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 20 October 1993 (33+ years old) and is registered under CIN U51900MH1993PTC074605.
Vaswani Projects has 3 current directors:
- Anil Advani Atu - Managing Director
- Karan Vaswani Ramesh - Managing Director
- Ajay Ramesh Vaswani - Director
The latest financial statements of Vaswani Projects 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 Vaswani Projects is 27AABCT3826H1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vaswani Projects is U51900MH1993PTC074605. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vaswani Projects has 13 court cases on record: 6 filed by the company and 7 filed against it. 5 are pending. Most are in the high courts.
Vaswani Projects was incorporated on 20 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vaswani Projects by revenue are Sheth Developers Private Limited, Aaryan Infra-Build Private Limited, Onehub (Chennai) Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Maniklal Vaswani Atmaram ceased to be Director on 01 Oct 2016. Ramesh Vaswani Atmaram ceased to be Director on 01 Oct 2016. Anil Advani Atu ceased to be Director on 18 Nov 2013. Vaswani Projects has 12 board changes on record in total.
Vaswani Projects has 5 MSME Form 1 returns on record between 2017 and 2019, listing 12 overdue payments to 11 micro and small suppliers. The latest return was filed on 17 Oct 2019.
Vaswani Projects can be reached through the website vaswanigroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vaswani Projects is at 102 Sant Niwas394 Linking Road Khar West, Mumbai, Maharashtra, India – 400052.
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