Prashasti Developers Private Limited
About Prashasti Developers Private Limited
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Prashasti Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2005PTC152385. Its GSTIN is 27AAECP0724H1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.88 Cr. It is led by directors including Prabhatchandra Sawailal Jain (Managing Director) and Pushpraj Sawailal Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 303/A Skyline Icon 86/92 Near Mital Indl. Est. Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.99 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹41.25 Cr (net margin 87.8%) and EBITDA of ₹46.08 Cr (EBITDA margin 98.1%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 51% over five years.
Court records list 11 cases involving the company, including 6 filed by the company and 5 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prashasti Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address303/A Skyline Icon 86/92 Near Mital Indl. Est. Andheri Kurla Road Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Prashasti 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
Business activity
The main business activity of Prashasti Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Prashasti Developers Private Limited, buy the company report.
Financials of Prashasti Developers Private Limited
FY 2024 filings availablePrashasti Developers Private Limited reported revenue of ₹46.99 Cr (up 2230% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years. 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 | ₹46.08 Cr | ||||
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| Net Profit (PAT) | ₹41.25 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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| EBITDA Margin | 98.1% | ||||
| Net Profit Margin | 87.8% | ||||
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To see the full financial statements and ratios of Prashasti Developers Private Limited, buy the company report.
Board of directors of Prashasti Developers Private Limited
Prashasti Developers has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhatchandra Sawailal Jain Also directs: Prashasti Infratech LLP, Prashasti Homes LLP, Pragati Aroma Oil Distillers P Ltd and 5 more | Managing Director | 01 May 2006 | 20 Years 5 Months | Current |
| Pushpraj Sawailal Jain | Director | 04 Apr 2005 | 21 Years 6 Months | Current |
| Pankaj Sawailal Jain Also directs: Pragati Aroma Oil Distillers P Ltd, Prashasti Realtors Private Limited, Prashasti Properties Private Limited and 5 more | Director | 01 May 2006 | 20 Years 5 Months | Current |
| Atulkumar Sawailal Jain Also directs: Prashasti Infratech LLP, Super A Square Steel LLP, Prashasti Agro Farms Private Limited and 5 more | Director | 04 Apr 2005 | 21 Years 6 Months | Current |
Auditor
Prashasti Developers Private Limited is audited by Mihir H. Shah for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mihir H. Shah | FY 2023 | 147760 |
Shareholding
The shareholding of Prashasti Developers 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 Prashasti Developers Private Limited, buy the company report.
Legal cases
Prashasti Developers Private Limited has 11 court cases on record: 6 filed by Prashasti Developers, 5 filed against it. 7 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 4 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company | Pending |
| High Court | Writ petition | Filed by the company against Union of India and 3 others | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Prashasti 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
No delayed payments to MSME suppliers are on our record for Prashasti Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Prashasti Developers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Prashasti Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP0724H1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prashasti Developers Private Limited, buy the company report.
Recent activity
Prashasti Developers Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Pankaj Sawailal Jain was appointed as Director on 01 May 2006.
Frequently asked questions
Prashasti Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 April 2005 (21+ years old) and is registered under CIN U45200MH2005PTC152385.
Prashasti Developers has 4 current directors:
- Prabhatchandra Sawailal Jain - Managing Director
- Pushpraj Sawailal Jain - Director
- Pankaj Sawailal Jain - Director
- Atulkumar Sawailal Jain - Director
The latest financial statements of Prashasti Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Prashasti Developers is 27AAECP0724H1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Prashasti Developers is U45200MH2005PTC152385. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prashasti Developers has 11 court cases on record: 6 filed by the company and 5 filed against it. 7 are pending. Most are in the district courts.
Prashasti Developers was incorporated on 04 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Pankaj Sawailal Jain was appointed as Director on 01 May 2006. Prabhatchandra Sawailal Jain was appointed as Managing Director on 01 May 2006. Atulkumar Sawailal Jain was appointed as Director on 04 Apr 2005. Prashasti Developers has 4 board changes on record in total.
The registered office of Prashasti Developers is at 303A Skyline Icon 8692 Near Mital Indl. Est. Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400059.
Prashasti Developers operates in the real estate and construction industry, in the real estate builders and developers segment.