About Market City Resources Private Limited
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Market City Resources Private Limited is a private limited company based in Mahalaxmi, Maharashtra, India, a subsidiary of The Phoenix Mills Limited. It operates in the business support services segment of the business services sector. It was incorporated on 06 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55100MH2006PTC159544. Its GSTIN is 27AACCB8932B1ZW (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Bellflower Hotels and Leisure Private Limited. It is led by directors including Gautam Srivastava (Managing Director) and Arun Kumar Sethi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahalaxmi, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹170.62 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹18.3 Cr (net margin 10.7%) and EBITDA of ₹36.29 Cr (EBITDA margin 21.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 27% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round); the latest was in June 2006. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thephoenixmills.com.
Company details
Contact details
Market City Resources Private Limited's registered office is in Mahalaxmi, Maharashtra. Its website is thephoenixmills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O Market City Resources Pvt. Ltd Ground Floor R.R. Hosiery Bldg Shree Luxmi Woollen Mi, Lls Estate, Mahalaxmi, Maharashtra, India – 400011
- IndustryBusiness Services, Business Support Services
To see the full contact details of Market City Resources 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 Market City Resources is support service to organizations. In detail, this covers office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N6 | Office administrative and other business activities including call centers, organising conventions, collection agencies, packaging activities etc. |
To see the full business activity and turnover split of Market City Resources Private Limited, buy the company report.
Financials of Market City Resources Private Limited
FY 2025 filings availableMarket City Resources Private Limited reported revenue of ₹170.62 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 51% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹36.29 Cr | ||||
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| Net Profit (PAT) | ₹18.3 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 21.3% | ||||
| Net Profit Margin | 10.7% | ||||
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To see the full financial statements and ratios of Market City Resources Private Limited, buy the company report.
Board of directors of Market City Resources Private Limited
Market City Resources has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Srivastava | Managing Director | 10 Jul 2024 | 2 Years 4 Months | Current |
| Arun Kumar Sethi Also directs: Orcus Realty Limited, Big Apple Real Estate Private Limited, Savannah Phoenix Private Limited and 3 more | Whole-Time Director | 27 Oct 2023 | 3 Years 0 Months | Current |
| Prashant Shriram Khandelwal Also directs: Upal Developers Private Limited, Mugwort Land Holdings Private Limited, Blackwood Developers Private Limited and 5 more | Director | 09 Feb 2018 | 8 Years 9 Months | Current |
Auditor
Market City Resources Private Limited is audited by D T S & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D T S & Associates LLP | FY 2023 | 142412W/W-100595 |
Shareholding
The shareholding of Market City Resources 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 Market City Resources Private Limited, buy the company report.
Deals & funding
Market City Resources Private Limited has 1 deal on record (1 funding round); the latest was in June 2006.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2006 | Funding round | Undisclosed | Investors: Horizon Realty Fund LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Market City Resources Private Limited has 4 court cases on record: 2 filed by Market City Resources, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed by the company against Orris Infrastructure Pvt. Ltd. and 5 others | Disposed |
| Bombay High Court | Court case (NMCD) | Filed by the company against Orris Infrastructure Pvt. Ltd. and 5 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (APPL) | Filed against the company by an individual | Pending |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Market City Resources 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
Market City Resources Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 7 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 (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Acepace Private Limited | |||
| Easyrewardz Software Services Private Limited | |||
| an individual supplier | |||
| Eviska Infotech Private Limited | |||
| Comnet Solutions Private Limited |
To see the full MSME payment records of Market City Resources Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Market City Resources Private Limited has a workforce of 255 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 255 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Market City Resources Private Limited, buy the company report.
GST
Market City Resources has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB8932B1ZW | Maharashtra | Active | 01 Jul 2017 |
| 07AACCB8932B1ZY | Delhi | Active | 29 Oct 2018 |
| 19AACCB8932B1ZT | West Bengal | Active | 01 Sep 2022 |
To see the full GST registrations and return filing status of Market City Resources Private Limited, buy the company report.
Recent activity
Market City Resources Private Limited has 22 board changes on record since 2007: 3 appointments and 19 cessations. The latest: Bhavesh Manilal Gada ceased to be Additional Director on 10 Jul 2024.
13 earlier events are in the company report.
News
Frequently asked questions
Market City Resources is an active private limited company based in Mahalaxmi, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 06 February 2006 (20+ years old) and is registered under CIN U55100MH2006PTC159544.
Market City Resources has 3 current directors:
- Gautam Srivastava - Managing Director
- Arun Kumar Sethi - Whole-Time Director
- Prashant Shriram Khandelwal - Director
The latest financial statements of Market City Resources on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Market City Resources is 27AACCB8932B1ZW, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 07AACCB8932B1ZY (Delhi), 19AACCB8932B1ZT (West Bengal).
The CIN (Corporate Identification Number) of Market City Resources is U55100MH2006PTC159544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Market City Resources has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Market City Resources was incorporated on 06 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Market City Resources has 1 deal on record (1 funding round); the latest was in June 2006.
Bhavesh Manilal Gada ceased to be Additional Director on 10 Jul 2024. Gautam Srivastava was appointed as Managing Director on 10 Jul 2024. Gautam Srivastava ceased to be Additional Director on 10 Jul 2024. Market City Resources has 22 board changes on record in total.
Market City Resources has 11 MSME Form 1 returns on record between 2019 and 2023, listing 22 overdue payments to 7 micro and small suppliers. The latest return was filed on 08 Nov 2023.
Market City Resources can be reached through the website thephoenixmills.com. Its registered office is in Mahalaxmi, Maharashtra, India.
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