About Adani Navbharat Developers Private Limited
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Adani Navbharat Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Adani Dharavi Holdco Private Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 24 August 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U68200MH2023PTC409296. Its GSTIN is 27AAKCD2612A1Z7 (Maharashtra).
The company has an authorised share capital of ₹5,000 Cr and a paid-up capital of ₹500 Cr. It was formerly known as Navbharat Mega Developers Private Limited. It is led by directors including Anil Kumar Sardana and Bina Mahesh Engineer.
Its last annual general meeting (AGM) was held on 17 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹17.11 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹1.56 Cr (net margin 9.1%) and EBITDA of ₹17.11 Cr (EBITDA margin 100%).
The company has about 45 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adani Group. Court records list 9 cases involving the company, including 9 filed against it; 3 cases are pending.
For more details, the company can be reached via its website adani.com.
Company details
Contact details
Adani Navbharat Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address601 Halmark Busines Plaza, Opp. Gurunanak Hospital, Mumbai, Maharashtra, India – 400051
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Adani Navbharat Developers 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
Brands
Adani Navbharat Developers operates one associated brand: Adani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Financials of Adani Navbharat Developers Private Limited
FY 2026 filings availableAdani Navbharat Developers Private Limited reported revenue of ₹17.11 Cr (down 75% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year. EBITDA fell 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹17.11 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹17.11 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹1.56 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 100% | ||
| Net Profit Margin | 9.1% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 Adani Navbharat Developers Private Limited, buy the company report.
Board of directors of Adani Navbharat Developers Private Limited
Adani Navbharat Developers has 10 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Punjarao Kalyankar Also directs: Maharashtra Housing Development Corporation Limited | Nominee Director | 03 Sep 2025 | 1 Years 2 Months | Current |
| Anil Kumar Sardana Also directs: Adani Power Limited, Adani Energy Solutions Limited, Adani Energy Solutions Step-Twelve Limited and 5 more | Director | 21 Jun 2024 | 2 Years 4 Months | Current |
| Bina Mahesh Engineer | Director | 21 Jun 2024 | 2 Years 4 Months | Current |
| Pranav Vinod Adani Also directs: Adani Total Gas Limited, Adani Enterprises Limited, Amg Media Networks Limited and 5 more | Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Jatinkumar Rameshchandra Jalundhwala Also directs: Adani Energy Solutions Step-Twelve Limited, Adani Welspun Exploration Limited, Adani Bunkering Limited and 5 more | Director | 27 Sep 2023 | 3 Years 1 Months | Current |
| Suresh Chandra Jain | Director | 27 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Adani Navbharat Developers Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Services industry (Professional Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Astute Corporate Services Private Limited | ₹70.48 Cr (FY 2025) | -6.0% | Pune, Maharashtra, India | |||
| Actavis Pharma Development Centre Private Limited | ₹70.35 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Halliburton Technology India Private Limited | ₹70.17 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| Idonneous Marketing Services Private Limited | ₹69.54 Cr (FY 2025) | 54.0% | Mumbai, Maharashtra, India | |||
| Magppie Living Private Limited | ₹69.19 Cr (FY 2024) | 37.0% | Delhi, India | |||
| Prince Hallmarking and Refinery Private Limited | ₹68.75 Cr (FY 2025) | 72.0% | Chennai, Tamil Nadu, India | |||
| Decimal Point Analytics Private Limited | ₹68.72 Cr (FY 2024) | 16.0% | Mumbai, Maharashtra, India | |||
| Vaibhav Inter Decor Private Limited | ₹68.65 Cr (FY 2024) | 46.0% | Bangalore, Karnataka, India | |||
| Blu-Smart Charge Private Limited | ₹68.38 Cr (FY 2024) | 121.0% | Ahmedabad, Gujarat, India | |||
| HSBC Professional Services (India) Private Limited | ₹68.24 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Adani Navbharat Developers Private Limitedthis company | ₹17.11 Cr (FY 2026) | ₹1.56 Cr | 9.1% | -75.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Adani Navbharat Developers Private Limited, buy the company report.
Auditor
Adani Navbharat Developers Private Limited is audited by G. K. CHOKSI & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G. K. CHOKSI & CO. | FY 2026 | 101895W |
Shareholding
The shareholding of Adani Navbharat Developers Private Limited is on record for 2 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Adani Navbharat Developers Private Limited, buy the company report.
Legal cases
Adani Navbharat Developers Private Limited has 9 court cases on record: 9 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 2 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (PIL) | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Rajesh T. Dubey Constituted Attornery of Mukteshwar Sahakari Society Ltd. | Disposed |
To see the full case history of Adani Navbharat 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
Adani Navbharat Developers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| DNS Knowledge Engineering Private Limited | |||
| Rva and Associates LLP |
To see the full MSME payment records of Adani Navbharat Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Adani Navbharat Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCD2612A1Z7 | Maharashtra | Active | 22 Dec 2023 |
To see the full GST registrations and return filing status of Adani Navbharat Developers Private Limited, buy the company report.
Recent activity
Adani Navbharat Developers Private Limited has 13 board changes on record since 2023: 10 appointments and 3 cessations. The latest: Ashwini Satish Bhide was appointed as Nominee Director on 20 May 2026.
4 earlier events are in the company report.
News
Frequently asked questions
Adani Navbharat Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 24 August 2023 (3+ years old) and is registered under CIN U68200MH2023PTC409296.
Adani Navbharat Developers has 10 current directors:
- Mahendra Punjarao Kalyankar - Nominee Director
- Anil Kumar Sardana - Director
- Bina Mahesh Engineer - Director
- Pranav Vinod Adani - Director
- Jatinkumar Rameshchandra Jalundhwala - Director
- Suresh Chandra Jain - Director
- Sunil Sharma - Director
- Jackbastian Kaitan Nazareth - Director
- Ranjeev Mahindru - Director
- Ashwini Satish Bhide - Nominee Director
The latest financial statements of Adani Navbharat Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 June 2026. Year-wise statements from FY 2024 are in the company report.
The GSTIN of Adani Navbharat Developers is 27AAKCD2612A1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Adani Navbharat Developers is U68200MH2023PTC409296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Navbharat Developers has 9 court cases on record: 9 filed against it. 3 are pending. Most are in the high courts.
Adani Navbharat Developers was incorporated on 24 August 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Adani Navbharat Developers by revenue are Astute Corporate Services Private Limited, Actavis Pharma Development Centre Private Limited, Halliburton Technology India Private Limited, Idonneous Marketing Services Private Limited, Magppie Living Private Limited and 5 more, all in the Consumer Services industry (Professional Services).
Ashwini Satish Bhide was appointed as Nominee Director on 20 May 2026. Bhushan Ashok Gagrani ceased to be Nominee Director on 20 May 2026. Mahendra Punjarao Kalyankar was appointed as Nominee Director on 03 Sep 2025. Adani Navbharat Developers has 13 board changes on record in total.
Adani Navbharat Developers has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 10 May 2024.
Adani Navbharat Developers can be reached through the website adani.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Adani Navbharat Developers is at 601 Halmark Busines Plaza, Opp. Gurunanak Hospital, Mumbai, Maharashtra, India – 400051.
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