Achole Developers Private Limited
Real estate development and management company with diverse business activities.
2018 | Mumbai, Maharashtra (India) | Active
Achole Developers Profile
Key Indicators
- Authorised Capital ₹ 84.26 Cr
- Paid Up Capital ₹ 83.47 Cr
- Company Age 7 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 195.90 Cr
- Satisfied Charges ₹ 180.65 Cr
- Revenue Growth 164.61%
- Profit Growth -20.56%
- Ebitda 1002.53%
- Net Worth -65.92%
- Total Assets -0.57%
About Achole Developers
Achole Developers Private Limited (ADPL) is a Private Limited Indian Non-Government Company incorporated in India on 18 January 2018 (Seven years and two months 8 days old ). Its registered office is in Mumbai, Maharashtra, India.
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.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Real Estate and Construction
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 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
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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 LimitedScott Eisenberg and Karim Merchant are mutual person
Kukatpally Developers Private LimitedKarim Merchant and Koshtishwaran Iyer are mutual person
Reach Promoters Private LimitedScott Eisenberg and Karim Merchant are mutual person
Qween Network LlpNeha Shah is a mutual person
- Lake Shore India Advisory Private Limited
Scott Eisenberg and Karim Merchant are mutual person
- Horizon Investors Llp
Neha Shah is a mutual person
Charges (Loans)
Open Charges
₹195.90 Cr
Satisfied Charges
₹180.65 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 195.90 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Jun 2024 | Idbi Trusteeship Services Limited | ₹195.90 Cr | Open |
| 20 Jan 2022 | Idbi Trusteeship Services Limited | ₹120.00 Cr | Satisfied |
| 06 Sep 2021 | Hdfc Bank Limited | ₹6.49 M | Satisfied |
| 19 Jun 2018 | Others | ₹60.00 Cr | 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.
Latest Updates, News, and FAQs on Achole Developers
Recent activity within the organization
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 195.90 Cr registered on 18 Jun 2024 with Charge ID 100945939 was modified on 20 Sep 2024.
- Charges
A charge registered on 20 Jan 2022 via Charge ID 100528368 with Idbi Trusteeship Services Limited was fully satisfied on 21 Jun 2024.
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 195.90 Cr with Charge ID 100945939 was registered on 18 Jun 2024.
- Annual General Meeting
Achole Developers Private Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.
- Balance Sheet
Achole Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 06 Sep 2021 via Charge ID 100484945 with Hdfc Bank Limited was fully satisfied on 14 Mar 2023.
Frequently asked questions
What is the Incorporation or founding date of Achole Developers Private Limited?
Achole Developers Private Limited was incorporated on 18 Jan 2018.
What is authorized share capital and paid-up capital of Achole Developers Private Limited?
The authorized share capital of Achole Developers Private Limited is ₹ 84.26 Cr and paid-up capital is ₹ 83.47 Cr.
Who are the current board members & directors of Achole Developers Private Limited?
Currently 5 directors are associated with Achole Developers Private Limited.
- Scott Scher Eisenberg
- Neha Rushabh Shah
- Karim Kasimali Merchant
- Koshtishwaran Iyer
- Kritika Sharma
What is the registered address of Achole Developers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Achole Developers Private Limited is Unit No. 1611-12 16Th Floor C Wing G Block One Bkc Bandra Kurla Complex, (E Ast) India, Mumbai, Maharashtra, 400051.
What is the corporate identification number (CIN) and company number of Achole Developers Private Limited?
The corporate identification number (CIN) of Achole Developers Private Limited is U70200MH2018PTC304389 and the company number is 304389 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Achole Developers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Achole Developers Private Limited has risen by 164.61%.
How many employees does Achole Developers Private Limited currently have?
As Per 2023 financial reports, 23 employees are currently employed by Achole Developers Private Limited.
What change has been observed in the net worth of Achole Developers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Achole Developers Private Limited has experienced an downturn of -65.92%.
What are the total open charges for Achole Developers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Achole Developers Private Limited amount to ₹ 195.90 Cr.
When was the last Balance Sheet of Achole Developers Private Limited filed with the ROC?
The most recent Balance Sheet for Achole Developers Private Limited was filed with the ROC on 31 Mar 2023.
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