Prominent Developers Private Limited
About Prominent Developers Private Limited
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Prominent Developers Private Limited is a private limited company based in Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC065485. Its GSTIN is 07AAACP5626J1ZC (Delhi).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Misha Vadera and Chetan Vadera.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 6 Hailey Road, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹71.03 Lakh, a decline of 41% compared to the previous year. For the same year it recorded a net loss of ₹63.01 Lakh (net margin -88.7%) and EBITDA of -₹20.12 Lakh (EBITDA margin -28.3%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
Its group structure includes 1 subsidiary.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prominent Developers Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address6 Hailey Road, Delhi, India – 110001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Prominent 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 Prominent Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Prominent Developers Private Limited, buy the company report.
Financials of Prominent Developers Private Limited
FY 2024 filings availableProminent Developers Private Limited reported revenue of ₹71.03 Lakh (down 41% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 41% fall in the latest year. EBITDA fell 152% 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 | -₹20.12 Lakh | ||||
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| Net Profit (PAT) | -₹63.01 Lakh | ||||
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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 | -28.3% | ||||
| Net Profit Margin | -88.7% | ||||
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To see the full financial statements and ratios of Prominent Developers Private Limited, buy the company report.
Board of directors of Prominent Developers Private Limited
Prominent Developers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Vadera Also directs: MC Maverick Advisors LLP, Twin Peaks Estate LLP, Interstate Equipment (India)Pvt Ltd and 5 more | Additional Director | 10 Mar 2025 | 1 Years 8 Months | Current |
| Hemi Bawa Also directs: Pilerne Estates Private Limited | Additional Director | 10 Mar 2025 | 1 Years 8 Months | Current |
| Misha Vadera | Director | 21 Nov 1995 | 30 Years 11 Months | Current |
Auditor
Prominent Developers Private Limited is audited by A.K GANGAHER & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.K GANGAHER & CO | FY 2023 | 004588N |
Shareholding
The shareholding of Prominent 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 Prominent Developers Private Limited, buy the company report.
Legal cases
Prominent Developers Private Limited has 4 court cases on record: 3 filed by Prominent Developers, 1 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2405-Indirect Taxation : Service Tax) | Filed against the company by Ritika Pvt. Ltd. Through Its Director/Aurhotized Representative SH. Suresh Chander Kumar 138, Beliaghata Road, , District: Calcutta ,Kolkata , West Bengal and 1 other | Pending |
| District court, South, Delhi | Civil suit | Filed by the company against Delhi Jal Board | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Delhi Development Authority | Disposed |
To see the full case history of Prominent 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
Prominent Developers Private Limited has 12 MSME Form 1 returns on record between 2020 and 2024, listing 54 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| N Bahl Management Consultants LLP |
To see the full MSME payment records of Prominent Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Prominent Developers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| S B Traveller Private Limited | U74899DL1988PTC033339 |
To see the full group structure of Prominent Developers Private Limited, buy the company report.
GST
Prominent Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACP5626J1ZC | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prominent Developers Private Limited, buy the company report.
Recent activity
Prominent Developers Private Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Chetan Vadera was appointed as Additional Director on 10 Mar 2025.
Frequently asked questions
Prominent Developers is an active private limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 February 1995 (31+ years old) and is registered under CIN U74899DL1995PTC065485.
Prominent Developers has 3 current directors:
- Chetan Vadera - Additional Director
- Hemi Bawa - Additional Director
- Misha Vadera - Director
The latest financial statements of Prominent Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Prominent Developers is 07AAACP5626J1ZC, registered in Delhi.
The CIN (Corporate Identification Number) of Prominent Developers is U74899DL1995PTC065485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prominent Developers has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Prominent Developers was incorporated on 16 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Chetan Vadera was appointed as Additional Director on 10 Mar 2025. Hemi Bawa was appointed as Additional Director on 10 Mar 2025. Inderjit Singh Bawa ceased to be Director on 24 Jan 2025. Prominent Developers has 4 board changes on record in total.
Prominent Developers has 12 MSME Form 1 returns on record between 2020 and 2024, listing 54 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Apr 2024.
The registered office of Prominent Developers is at 6 Hailey Road, Delhi, India – 110001.
Prominent Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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