About Sheth Malls Private Limited
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Sheth Malls 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 29 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45500MH2020PTC344905. Its GSTIN is 27ABECS3140B1ZT (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sheth Buildcorp Private Limited. It is led by directors Ashok Mallayya Adep and Ashwin Natwarlal Sheth.
Its last annual general meeting (AGM) was held on 10 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 2025, the company reported a revenue of ₹30.86 Lakh, a growth of 75% compared to the previous year. For the same year it recorded a net loss of ₹1.23 Cr (net margin -397.9%) and EBITDA of -₹1.21 Cr (EBITDA margin -391.8%).
For more details, the company can be reached via its website shethdevelopers.com.
Company details
Contact details
Sheth Malls Private Limited's registered office is in Mumbai, Maharashtra. Its website is shethdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Prius Infinity Paranjape B, Scheme Subhash Road, Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sheth Malls 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 Sheth Malls Private Limited
FY 2025 filings availableSheth Malls Private Limited reported revenue of ₹30.86 Lakh (up 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 75% in the latest year. EBITDA fell 795% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.21 Cr | ||||
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| Net Profit (PAT) | -₹1.23 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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| Profitability | |||||
| EBITDA Margin | -391.8% | ||||
| Net Profit Margin | -397.9% | ||||
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To see the full financial statements and ratios of Sheth Malls Private Limited, buy the company report.
Board of directors of Sheth Malls Private Limited
Sheth Malls has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Mallayya Adep Also directs: Sheth Dream Projects LLP, Sheth Homes Spaces Private Limited, Sheth Homes Avenue Private Limited and 5 more | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Ashwin Natwarlal Sheth Also directs: Lohitka Properties LLP, Sheth Dream Projects LLP, Sheth Homes Spaces Private Limited and 5 more | Director | 29 Aug 2020 | 6 Years 1 Months | Current |
Peer comparison
Sheth Malls Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ilb Ramesh Homes Private Limited | ₹30.89 Lakh (FY 2025) | 410.0% | Chennai, Tamil Nadu, India | |||
| Sekhar Builders and Promoters Private Limited | ₹30.88 Lakh (FY 2025) | 31.0% | Bhubaneswar, Odisha, India | |||
| Sheth Malls Private Limitedthis company | ₹30.86 Lakh (FY 2025) | -₹1.23 Cr | -397.9% | 75.0% | Mumbai, Maharashtra, India | |
| Unicare Developer and Infrastructure Private Limited | ₹30.84 Lakh (FY 2025) | 21.0% | Delhi, India |
To see the full peer comparison of Sheth Malls Private Limited, buy the company report.
Auditor
Sheth Malls Private Limited is audited by Haresh Bhanushali & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haresh Bhanushali & Associates | FY 2023 | 0130877W |
Shareholding
The shareholding of Sheth Malls Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sheth Malls Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sheth Malls 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 Sheth Malls Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sheth Malls Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Sheth Malls has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABECS3140B1ZT | Maharashtra | Active | 01 Jun 2021 |
To see the full GST registrations and return filing status of Sheth Malls Private Limited, buy the company report.
Recent activity
Sheth Malls Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Ashok Mallayya Adep was appointed as Director on 30 Sep 2024.
Frequently asked questions
Sheth Malls 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 29 August 2020 (6+ years old) and is registered under CIN U45500MH2020PTC344905.
Sheth Malls has 2 current directors:
- Ashok Mallayya Adep - Director
- Ashwin Natwarlal Sheth - Director
The latest financial statements of Sheth Malls on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Sheth Malls is 27ABECS3140B1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sheth Malls is U45500MH2020PTC344905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheth Malls was incorporated on 29 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sheth Malls by revenue are Ilb Ramesh Homes Private Limited, Sekhar Builders and Promoters Private Limited, Unicare Developer and Infrastructure Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashok Mallayya Adep was appointed as Director on 30 Sep 2024. Rajendra Chandrasinh Bajaria ceased to be Director on 30 Sep 2024. Ashwin Natwarlal Sheth was appointed as Director on 29 Aug 2020.
Sheth Malls can be reached through the website shethdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sheth Malls is at 3rd Floor Prius Infinity Paranjape B, Scheme Subhash Road, Mumbai, Maharashtra, India – 400057.
Sheth Malls operates in the real estate and construction industry, in the real estate builders and developers segment.