- #824 Ramakant Tibrewala & family ₹3,700 Cr

Statford Developers Private Limited
About Statford Developers Private Limited
Data last updated:
Statford Developers 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 30 December 2005 and has been in existence for over 21 years.
Its director Ramakant Tibrewala and family are #824 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2005PTC158473.
The company has an authorised share capital of ₹3.72 Cr and a paid-up capital of ₹3.53 Cr. It was formerly known as Ricossa Trading Private Limited. It is led by directors Bharat Ramavtar Gupta and Ramakant Jagdishprasad Tibrewala.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at A/44 – 45 Road No. 2 MIDC Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.96 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹9,452 (net margin 1.4%) and EBITDA of ₹6.22 Lakh (EBITDA margin 89.5%). Revenue has declined at a compounded annual rate (CAGR) of 61% over three years and 22% over five years.
The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.19 Cr; the latest was in March 2020. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Anushria Realtech Private Limited with revenue of ₹6.96 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Statford Developers has one previous CIN (Corporate Identification Number): U51900MH2005PTC158473. The current CIN is U70101MH2005PTC158473, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101MH2005PTC158473 | Current |
| U51900MH2005PTC158473 | Previous |
Recognitions & Rankings of Statford Developers
Contact details
Statford Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressA/44 – 45 Road No. 2 MIDC Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Statford 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
Financials of Statford Developers Private Limited
FY 2022 filings availableStatford Developers Private Limited reported revenue of ₹6.96 Lakh (down 8% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 8% fall in the latest year. EBITDA rose 48% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.96 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9,452 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | 89.5% | ||||
| Net Profit Margin | 1.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Statford Developers Private Limited, buy the company report.
Board of directors of Statford Developers Private Limited
Statford Developers has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Ramavtar Gupta Also directs: JJT Meta Schooling Private Limited, 5Xunicorn India LLP, Abhishek Dyechem Industries Private Limited and 4 more | Director | 25 Mar 2019 | 7 Years 7 Months | Current |
| Ramakant Jagdishprasad Tibrewala Also directs: Rambrimah Farms LLP, Halo Snacks Private Limited, Jagdish Textiles Private Limited and 5 more | Director | 05 Aug 2009 | 17 Years 3 Months | Current |
Peer comparison
Statford Developers Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anushria Realtech Private Limited | ₹6.96 Lakh (FY 2025) | Delhi, India | ||||
| Satyalaxmi Vintrade Private Limited | ₹6.96 Lakh (FY 2025) | 1292.0% | Kolkata, West Bengal, India | |||
| Bench Mark Builders Limited | ₹6.96 Lakh (FY 2025) | 773.0% | Bangalore, Karnataka, India | |||
| Asal Industries Limited | ₹6.96 Lakh (FY 2025) | -40.0% | Kanpur, Uttar Pradesh, India | |||
| Navratan Fashions and Agencies Private Limited | ₹6.96 Lakh (FY 2021) | 0.0% | Jaipur, Rajasthan, India | |||
| Statford Developers Private Limitedthis company | ₹6.96 Lakh (FY 2022) | ₹9,452 | 1.4% | -8.0% | Mumbai, Maharashtra, India | |
| Shivam Projects and Infrastructure Private Limited | ₹6.96 Lakh (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Veera Infraheights Private Limited | ₹6.95 Lakh (FY 2025) | Mumbai, Maharashtra, India | ||||
| Nice Dealers Private Limited | ₹6.95 Lakh (FY 2023) | 0.0% | Kolkata, West Bengal, India | |||
| Ketan Estates Private Limited | ₹6.95 Lakh (FY 2021) | -85.0% | New Delhi, Delhi, India | |||
| Perfect Buildcon and Building Management Services Private Limited | ₹6.95 Lakh (FY 2018) | Delhi, India |
To see the full peer comparison of Statford Developers Private Limited, buy the company report.
Auditor
Statford Developers Private Limited is audited by G R & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G R & ASSOCIATES | FY 2022 | 130459W |
Shareholding
The shareholding of Statford 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 Statford Developers Private Limited, buy the company report.
Deals & funding
Statford Developers Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.19 Cr; the latest was in March 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Roha Urja Private Limited Seller: Roha Dye Chem Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Steinmetz Overseas Private Limited , Brijesh Ramakant Huf, 2 individuals Seller: Signora Finance Private Limited , Azure Exim Services Limited , Harekrishna Securities Private Limited |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: Wayforward Traders Limited , Harekrishna Securities Private Limited , Azure Exim Services Limited Seller: Mikado Merchants Private Limited , Ladriya Textiles Private Limited, Glary Impex Private Limited |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Signora Finance Private Limited , Harekrishna Securities Private Limited Seller: Dogma Exim Private Limited , Ayuvardhan Projects & Con Private Limited, Aim Merchants Private Limited , an individual |
| Mar 2006 | Funding round | ₹4 Cr | Investors: Jaimatadi Goods Private Limited, Ladriya Textiles Private Limited, Zany Share Trading Private Limited |
To see the full deal history of Statford Developers Private Limited, buy the company report.
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 Statford 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 Statford Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Statford Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Statford Developers Private Limited has 12 board changes on record since 2008: 2 appointments and 10 cessations. The latest: Ramakant Jagdishprasad Tibrewala ceased to be Additional Director on 03 Aug 2022.
3 earlier events are in the company report.
Frequently asked questions
Statford Developers 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 30 December 2005 (21+ years old) and is registered under CIN U70101MH2005PTC158473.
Statford Developers has 2 current directors:
- Bharat Ramavtar Gupta - Director
- Ramakant Jagdishprasad Tibrewala - Director
The latest financial statements of Statford Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Statford Developers is U70101MH2005PTC158473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Statford Developers was incorporated on 30 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Statford Developers has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹19.19 Cr; the latest was in March 2020.
The peers of Statford Developers by revenue are Anushria Realtech Private Limited, Satyalaxmi Vintrade Private Limited, Bench Mark Builders Limited, Asal Industries Limited, Navratan Fashions and Agencies Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Ramakant Jagdishprasad Tibrewala ceased to be Additional Director on 03 Aug 2022. Bharat Ramavtar Gupta was appointed as Director on 25 Mar 2019. Manojkumar Sudarshan Joshi ceased to be Additional Director on 25 Mar 2019. Statford Developers has 12 board changes on record in total.
The registered office of Statford Developers is at A44 – 45 Road No. 2 MIDC Andheri East, Mumbai, Maharashtra, India – 400093.
Statford Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of Statford Developers is compliant as of 04 September 2026. The company is actively filing with the Registrar of Companies.

