About Royal Palms Property Private Limited
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Royal Palms Property Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business support services segment of the business services sector. It was incorporated on 18 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1995PTC093808. Its GSTIN is 27AACCR3216L2ZB (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as New Town Managements Technology Pvt Ltd. It is led by directors including Faisal Yasin Nensey and Omar Muhamed Nensey.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.11 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹66.11 Lakh (net margin -10.8%) and EBITDA of ₹1.26 Cr (EBITDA margin 20.6%). Revenue has grown at a compounded annual rate (CAGR) of 95% over three years and 31% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 76 cases involving the company, including 71 filed by the company and 5 filed against it; 38 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website royalpalmsindia.com.
Company details
Contact details
Royal Palms Property Private Limited's registered office is in Mumbai, Maharashtra. Its website is royalpalmsindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No F – 20 MIDC Marol, Andheri (E), Mumbai, Maharashtra, India – 400093
- IndustryBusiness Services, Business Support Services
To see the full contact details of Royal Palms Property 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 Royal Palms Property 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 Royal Palms Property Private Limited, buy the company report.
Financials of Royal Palms Property Private Limited
FY 2024 filings availableRoyal Palms Property Private Limited reported revenue of ₹6.11 Cr (up 1043% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years. EBITDA rose 760% 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 | ₹1.26 Cr | ||||
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| Net Profit (PAT) | -₹66.11 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 | 20.6% | ||||
| Net Profit Margin | -10.8% | ||||
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To see the full financial statements and ratios of Royal Palms Property Private Limited, buy the company report.
Board of directors of Royal Palms Property Private Limited
Royal Palms Property has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Faisal Yasin Nensey Also directs: Top Most Agrotech Private Limited, Blue Sky Agrotech Private Limited, Parampra Agrotech Private Limited and 5 more | Director | 26 Feb 2024 | 2 Years 8 Months | Current |
| Omar Muhamed Nensey Also directs: Ritetime Agrotech Private Limited, Western Homemaker City Ltd, Palms Golfing Private Limited and 3 more | Director | 08 Dec 2021 | 4 Years 10 Months | Current |
| Dilawar Amir Nensey Also directs: Top Most Agrotech Private Limited, Blue Sky Agrotech Private Limited, Parampra Agrotech Private Limited and 5 more | Director | 18 Oct 1995 | 31 Years 0 Months | Current |
| Amir Ahmedally Nensey Also directs: Top Most Agrotech Private Limited, Blue Sky Agrotech Private Limited, Parampra Agrotech Private Limited and 5 more | Director | 18 Oct 1995 | 31 Years 0 Months | Current |
| Milind Indrasen Gade | Director | 12 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Royal Palms Property Private Limited is audited by H M A & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H M A & ASSOCIATES | FY 2018 | 100537W |
Shareholding
The shareholding of Royal Palms Property Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Royal Palms Property Private Limited, buy the company report.
Legal cases
Royal Palms Property Private Limited has 76 court cases on record: 71 filed by Royal Palms Property, 5 filed against it. 38 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 1 | 35 |
| High courts | 28 | 4 | 3 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Summit Apartment Sra Co Operative Housing Society Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Summit Apartment Sra CHS Ltd | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Palms Apartment II Co-Operative Housing Society Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by M/S Royal Palms (I) Pvt Ltd Representative Mr. Sunil Suresh Kadam | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Royal Palms Property 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 Royal Palms Property Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Royal Palms Property Private Limited has a workforce of 1 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Royal Palms Property has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR3216L2ZB | Maharashtra | Active | 01 Dec 2018 |
To see the full GST registrations and return filing status of Royal Palms Property Private Limited, buy the company report.
Recent activity
Royal Palms Property Private Limited has 7 board changes on record since 1995: 5 appointments and 2 cessations. The latest: Milind Indrasen Gade was appointed as Director on 12 Feb 2025.
Frequently asked questions
Royal Palms Property is an active private limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 18 October 1995 (31+ years old) and is registered under CIN U45200MH1995PTC093808.
Royal Palms Property has 5 current directors:
- Faisal Yasin Nensey - Director
- Omar Muhamed Nensey - Director
- Dilawar Amir Nensey - Director
- Amir Ahmedally Nensey - Director
- Milind Indrasen Gade - Director
The latest financial statements of Royal Palms Property 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 Royal Palms Property is 27AACCR3216L2ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Royal Palms Property is U45200MH1995PTC093808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Royal Palms Property has 76 court cases on record: 71 filed by the company and 5 filed against it. 38 are pending. Most are in the district courts.
Royal Palms Property was incorporated on 18 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Milind Indrasen Gade was appointed as Director on 12 Feb 2025. Faisal Yasin Nensey was appointed as Director on 26 Feb 2024. Omar Muhamed Nensey ceased to be Additional Director on 30 Dec 2021. Royal Palms Property has 7 board changes on record in total.
Royal Palms Property can be reached through the website royalpalmsindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Royal Palms Property is at Plot No F – 20 MIDC Marol, Andheri E, Mumbai, Maharashtra, India – 400093.
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