Originally incorporated as Abhinav Finex Pvt Ltd in Dec.'94, Abhinav Homes and Resorts was converted into a public limited company in 1995. The company obtained its present name in Mar.'96. Promoters are Gopal Dave, Anil Patel, M Pai, Sunil D Jaithwar and Avinash B Mainkar. The company which is yet to start any commerical activity, proposes to undertake construction of residential buildings, countryside bungalows, clubs, etc. It came out with a public issue in Jul.'96 to part-finance the cost of construction of residential buildings and bungalows, to be developed. It has already acquired land in Malad and Vasai. During the year 1999-2000, the company earned income of Rs.11,16,672/- after provision for taxation of Rs.5,00,000/-.