Rashmi-Manek Developers Private Limited
About Rashmi-Manek Developers Private Limited
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Rashmi-Manek Developers Private Limited is a private limited company based in Vapi, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45203GJ2016PTC091988. Its GSTIN is 24AAHCR7368E1Z7 (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.5 Lakh. It is led by directors including Ajaykumar Chhaganlal Shah (Managing Director) and Harish Meghji Gala (Managing Director).
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 Survey No. 13 Rata Koparli Road, Vapi, Gujarat, India – 396191.
As per the financials filed for FY 2022, the company reported a revenue of ₹49.98 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹18.66 Lakh (net margin -37.3%) and EBITDA of -₹18.64 Lakh (EBITDA margin -37.3%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Rashmi-Manek Developers Private Limited's registered office is in Vapi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSurvey No. 13 Rata Koparli Road, Vapi, Gujarat, India – 396191
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Rashmi-Manek 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 Rashmi-Manek Developers 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 Rashmi-Manek Developers Private Limited, buy the company report.
Financials of Rashmi-Manek Developers Private Limited
FY 2025 filings availableRashmi-Manek Developers Private Limited reported revenue of ₹49.98 Lakh (down 75% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over three years, including a 75% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profit and Loss Statement | |||||
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| Total Revenue | ₹49.98 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹18.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.66 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -37.3% | ||||
| Net Profit Margin | -37.3% | ||||
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To see the full financial statements and ratios of Rashmi-Manek Developers Private Limited, buy the company report.
Board of directors of Rashmi-Manek Developers Private Limited
Rashmi-Manek Developers has 11 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Keshavji Shah | Director | 13 May 2016 | 10 Years 5 Months | Current |
| Darshak Bhupatrai Shah | Director | 13 May 2016 | 10 Years 5 Months | Current |
| Rakesh Dharamchand Shah | Director | 10 May 2024 | 2 Years 5 Months | Current |
| Ajaykumar Chhaganlal Shah | Managing Director | 13 May 2016 | 10 Years 5 Months | Current |
| Rakesh Thakorbhai Shah | Director | 13 May 2016 | 10 Years 5 Months | Current |
| Harinkumar Indravadan Shah | Director | 13 May 2016 | 10 Years 5 Months | Current |
Auditor
Rashmi-Manek Developers Private Limited is audited by KAKARIA & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAKARIA & ASSOCIATES | FY 2022 | 104558W |
Shareholding
The shareholding of Rashmi-Manek Developers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rashmi-Manek Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rashmi-Manek Developers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rashmi-Manek Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rashmi-Manek Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCR7368E1Z7 | Gujarat | Active | 29 Nov 2017 |
To see the full GST registrations and return filing status of Rashmi-Manek Developers Private Limited, buy the company report.
Recent activity
Rashmi-Manek Developers Private Limited has 15 board changes on record since 2016: 11 appointments and 4 cessations. The latest: Rakesh Dharamchand Shah was appointed as Director on 10 May 2024.
6 earlier events are in the company report.
Frequently asked questions
Rashmi-Manek Developers is an active private limited company based in Vapi, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 May 2016 (10+ years old) and is registered under CIN U45203GJ2016PTC091988.
Rashmi-Manek Developers has 11 current directors:
- Ajaykumar Chhaganlal Shah - Managing Director
- Harish Meghji Gala - Managing Director
- Ramesh Keshavji Shah - Director
- Darshak Bhupatrai Shah - Director
- Rakesh Dharamchand Shah - Director
- Rakesh Thakorbhai Shah - Director
- Harinkumar Indravadan Shah - Director
- Nilesh Hirachand Shah - Director
- Natvarlal Ratanchand Shah - Director
- Rajnikant Hirachand Shah - Director
- Devendrakumar Parasmal Jain - Director
The latest financial statements of Rashmi-Manek Developers 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 FY 2017 are in the company report.
The GSTIN of Rashmi-Manek Developers is 24AAHCR7368E1Z7, registered in Gujarat.
The CIN (Corporate Identification Number) of Rashmi-Manek Developers is U45203GJ2016PTC091988. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rashmi-Manek Developers was incorporated on 13 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rakesh Dharamchand Shah was appointed as Director on 10 May 2024. Dharamchand Govindji Shah ceased to be Director on 31 Jan 2024. Ajaykumar Chhaganlal Shah ceased to be Director on 05 Oct 2016. Rashmi-Manek Developers has 15 board changes on record in total.
The registered office of Rashmi-Manek Developers is at Survey No. 13 Rata Koparli Road, Vapi, Gujarat, India – 396191.
Rashmi-Manek Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of Rashmi-Manek Developers is compliant as of 27 August 2026. The company is actively filing with the Registrar of Companies.