Riona Properties Private Limited
About Riona Properties Private Limited
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Riona Properties 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 15 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2008PTC181136. Its GSTIN is 27AADCK3517C1ZX (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹3.9 Lakh. It was formerly known as Kubik Developers Private Limited. It is led by directors Premji Harakhachand Shah and Deven Premji 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 Mumbai, Maharashtra.
As per the financials filed for FY 2017, the company reported a revenue of ₹17.69 Lakh. For the same year it recorded a net loss of ₹43.14 Lakh (net margin -243.8%) and EBITDA of -₹19.69 Lakh (EBITDA margin -111.3%).
The company has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Riona Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No.1 6th Floor Shah Trade Centre Rani Sati Marg Nr. W.E.Highway Malad (, East), Mumbai, Maharashtra, India – 400097
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Riona Properties 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
Financials of Riona Properties Private Limited
FY 2025 filings availableRiona Properties Private Limited reported revenue of ₹17.69 Lakh for FY 2017.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹17.69 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹19.69 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹43.14 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -111.3% | ||
| Net Profit Margin | -243.8% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Riona Properties Private Limited, buy the company report.
Board of directors of Riona Properties Private Limited
Riona Properties has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Premji Harakhachand Shah Also directs: Royal Warehousing & Logistics LLP, Riona Lifescapes LLP, Myrah Warehousing and Logistics LLP and 5 more | Director | 15 Apr 2008 | 18 Years 6 Months | Current |
| Deven Premji Shah Also directs: Royal Warehousing & Logistics LLP, Riona Lifescapes LLP, House of Royal Realtors LLP and 5 more | Director | 15 Apr 2008 | 18 Years 6 Months | Current |
Auditor
Riona Properties Private Limited is audited by KPND & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KPND & Co. | FY 2017 | 133861W |
Shareholding
The shareholding of Riona Properties Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Riona Properties Private Limited, buy the company report.
Deals & funding
Riona Properties Private Limited has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Myrah Realty LLP Seller: an individual |
| Feb 2021 | Rights issue | ₹1.9 Lakh | Investors: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Rikki Ronie Developers, Riddhi Enterprises, 2 individuals |
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: Rikki Ronie Developers Seller: Chetan Keshavji Gala (HUF), an individual |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Riddhi Enterprises, an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Riona Properties 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 Riona Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Riona Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK3517C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Riona Properties Private Limited, buy the company report.
Recent activity
Riona Properties Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Kanchan Premji Shah ceased to be Director on 14 Jun 2019.
Frequently asked questions
Riona Properties 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 15 April 2008 (18+ years old) and is registered under CIN U45200MH2008PTC181136.
Riona Properties has 2 current directors:
- Premji Harakhachand Shah - Director
- Deven Premji Shah - Director
The latest financial statements of Riona Properties 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 GSTIN of Riona Properties is 27AADCK3517C1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Riona Properties is U45200MH2008PTC181136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riona Properties was incorporated on 15 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Riona Properties has 5 deals on record (4 secondary share transfers, 1 rights issue); the latest was in March 2024.
Kanchan Premji Shah ceased to be Director on 14 Jun 2019. Ketan Krishna Belsare ceased to be Director on 19 Apr 2017. Deven Premji Shah was appointed as Director on 15 Apr 2008. Riona Properties has 4 board changes on record in total.
The registered office of Riona Properties is at Office No.1 6th Floor Shah Trade Centre Rani Sati Marg Nr. W.E.Highway Malad , East, Mumbai, Maharashtra, India – 400097.
Riona Properties operates in the real estate and construction industry, in the real estate builders and developers segment.