Bafna Development Private Limited
About Bafna Development Private Limited
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Bafna Development Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 07 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1995PTC091412.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Rajesh Kuverji Shah and Usha Rajesh Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 121 Nirvan Building Road No. 24A Sion West, Mumbai, Maharashtra, India – 400022.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.42 Lakh, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹2,297 (net margin 1.6%) and EBITDA of ₹2,297 (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 1% over five years.
Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bafna Development Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address121 Nirvan Building Road No. 24A Sion West, Mumbai, Maharashtra, India – 400022
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Bafna Development 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 Bafna Development 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 Bafna Development Private Limited, buy the company report.
Financials of Bafna Development Private Limited
FY 2025 filings availableBafna Development Private Limited reported revenue of ₹1.42 Lakh (down 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 28% fall in the latest year. EBITDA fell 97% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2,297 | ||||
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| Net Profit (PAT) | ₹2,297 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 1.6% | ||||
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To see the full financial statements and ratios of Bafna Development Private Limited, buy the company report.
Board of directors of Bafna Development Private Limited
Bafna Development has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Kuverji Shah Also directs: Moksh Farms Private Limited, Nest Properties Pvt Ltd, First View Properties Private Limited and 4 more | Director | 30 Sep 2005 | 21 Years 0 Months | Current |
| Usha Rajesh Shah Also directs: Moksh Farms Private Limited, Nest Properties Pvt Ltd, First View Properties Private Limited and 4 more | Director | 01 Aug 2006 | 20 Years 2 Months | Current |
Peer comparison
Bafna Development Private Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Construction Services), 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 |
|---|---|---|---|---|---|---|
| G K Technochem Pvt Ltd | ₹1.43 Lakh (FY 2024) | -88.0% | New Delhi, Delhi, India | |||
| Sathya Lifespaces Private Limited | ₹1.43 Lakh (FY 2021) | Coimbatore, Tamil Nadu, India | ||||
| Bafna Development Private Limitedthis company | ₹1.42 Lakh (FY 2024) | ₹2,297 | 1.6% | -28.0% | Mumbai, Maharashtra, India | |
| NDR Infra Developers Private Limited | ₹1.42 Lakh (FY 2019) | -87.0% | Hyderabad, Telangana, India | |||
| Rsquare Design & Construction Services Private Limited | ₹1.41 Lakh (FY 2024) | -26.0% | Lamphelpat, Manipur, India |
To see the full peer comparison of Bafna Development Private Limited, buy the company report.
Auditor
Bafna Development Private Limited is audited by MAYUR R SHAH & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAYUR R SHAH & ASSOCIATES | FY 2022 | 127598W |
Shareholding
The shareholding of Bafna Development 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bafna Development Private Limited, buy the company report.
Legal cases
Bafna Development Private Limited has 3 court cases on record: 3 filed by Bafna Development. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against an individual | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Revision) | Filed by the company against an individual | Disposed |
| Bombay High Court | Company petition | Filed by the company against Sahakar Caterers and Restaurants Pvt. Ltd. | Disposed |
To see the full case history of Bafna Development 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
No delayed payments to MSME suppliers are on our record for Bafna Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bafna Development Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bafna Development Private Limited has 3 board changes on record since 2005: 2 appointments and 1 cessation. The latest: Hirachand Nemichand Bafna ceased to be Director on 27 Feb 2025.
Frequently asked questions
Bafna Development 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 07 August 1995 (31+ years old) and is registered under CIN U45200MH1995PTC091412.
Bafna Development has 2 current directors:
- Rajesh Kuverji Shah - Director
- Usha Rajesh Shah - Director
The latest financial statements of Bafna Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bafna Development is U45200MH1995PTC091412. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bafna Development has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the district courts.
Bafna Development was incorporated on 07 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bafna Development by revenue are G K Technochem Pvt Ltd, Sathya Lifespaces Private Limited, NDR Infra Developers Private Limited, Rsquare Design & Construction Services Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (buildings).
Hirachand Nemichand Bafna ceased to be Director on 27 Feb 2025. Usha Rajesh Shah was appointed as Director on 01 Aug 2006. Rajesh Kuverji Shah was appointed as Director on 30 Sep 2005.
The registered office of Bafna Development is at 121 Nirvan Building Road No. 24A Sion West, Mumbai, Maharashtra, India – 400022.
Bafna Development operates in the infrastructure and utilities industry, in the general construction services segment.
The compliance status of Bafna Development is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.