Achole Developers Profile
Key Indicators
- Authorised Capital ₹ 84.26 Cr
as on 16-11-2024
- Paid Up Capital ₹ 83.47 Cr
as on 16-11-2024
- Company Age 6 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 195.90 Cr
as on 16-11-2024
- Satisfied Charges ₹ 180.65 Cr
as on 16-11-2024
- Revenue 164.61%
(FY 2023)
- Profit -20.56%
(FY 2023)
- Ebitda 1002.53%
(FY 2023)
- Net Worth -65.92%
(FY 2023)
- Total Assets -0.57%
(FY 2023)
About Achole Developers
The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 84.26 Cr and a paid-up capital of Rs 83.47 Cr.
The company currently has active open charges totaling ₹195.90 Cr. The company has closed loans amounting to ₹180.65 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Achole Developers Private Limited India is Kritika Sharma as COMPANY SECRETARY. Scott Eisenberg, Neha Shah, Karim Merchant, and One other member serve as directors at the Company.
- CIN/LLPIN
U70200MH2018PTC304389
- Company No.
304389
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Jan 2018
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
-
- Social Media-
Who are the key members and board of directors at Achole Developers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Kritika Sharma | Company Secretary | 06-Jul-2021 | Current |
Board Members(4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Neha Shah  | Director | 18-Jan-2018 | Current |
| Karim Merchant | Nominee Director | 19-Feb-2021 | Current |
Scott Eisenberg  | Nominee Director | 15-Jun-2018 | Current |
| Koshtishwaran Iyer | Nominee Director | 19-Feb-2021 | Current |
Financial Performance and Corporate Structure Insights of Achole Developers.
Achole Developers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 164.61% increase. The company also saw a substantial fall in profitability, with a 20.56% decrease in profit. The company's net worth observed a substantial decline by a decrease of 65.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Achole Developers?
In 2023, Achole Developers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Lake Shore India Management Private LimitedActive 11 years 6 monthsScott Eisenberg and Karim Merchant are mutual person
Kukatpally Developers Private LimitedActive 14 years 8 monthsKarim Merchant and Koshtishwaran Iyer are mutual person
Reach Promoters Private LimitedActive 18 years 5 monthsScott Eisenberg and Karim Merchant are mutual person
Lake Shore India Advisory Private LimitedActive 13 years 4 monthsScott Eisenberg and Karim Merchant are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Idbi Trusteeship Services Limited Creation Date: 18 Jun 2024 | ₹195.90 Cr | Open |
Idbi Trusteeship Services Limited Creation Date: 20 Jan 2022 | ₹120.00 Cr | Satisfied |
Hdfc Bank Limited Creation Date: 06 Sep 2021 | ₹6.49 M | Satisfied |
How Many Employees Work at Achole Developers?
Achole Developers has a workforce of 23 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Achole Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Achole Developers's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
