Adrika Developers Private Limited
About Adrika Developers Private Limited
Data last updated:
Adrika Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Dosti Realty Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 06 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC158714. Its GSTIN is 27AAFCA5418G1ZT (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.9 Lakh. It is led by directors including Rajesh Premji Shah and Rajul Vrajlal Vora.
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 Lawrence And Mayo House1St Floor 276 Dr D N Road, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹26.38 Cr and EBITDA of -₹33.01 Cr. Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 32% over five years.
The company has about 102 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹400.75 Cr and satisfied charges of ₹675 Cr on record. Court records list 23 cases involving the company, including 4 filed by the company and 10 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressLawrence And Mayo House1St Floor 276 Dr D N Road, Mumbai, Maharashtra, India – 400001
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Financials of Adrika Developers Private Limited FY 2024 filings available
Adrika Developers Private Limited reported revenue of ₹3.47 Cr (up 167% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Adrika Developers Private Limited
Revenue rose 167% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 32%. EBITDA rose 17% 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 of Adrika Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹33.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹26.38 Cr | •••• | •••• | •••• | •••• |
| 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 of Adrika Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Adrika Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Adrika Developers Private Limited
Adrika Developers Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nieve Infra Engineering Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Prabal Engineering Private Limited | •••• | •••• | •••• | •••• | 27 | Chennai City Corporation, Tamil Nadu, India |
| Mahavirlal Construction Private Limited | •••• | •••• | •••• | •••• | - | Samastipur, Bihar, India |
| Blochous Engineers Private Limited | •••• | •••• | •••• | •••• | - | Thiruvananthapuram, Kerala, India |
| Balvikrupa Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Khambhalia, Gujarat, India |
| Adrika Developers Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Rd Devcon Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| MBS Buildcon Private Limited | •••• | •••• | •••• | •••• | - | Panipat, Haryana, India |
| Bee Jay Engineers Pvt. Ltd. | •••• | •••• | •••• | •••• | - | Solan, Himachal Pradesh, India |
| Gleam Solar Technology Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Devikrupa Construction Private Limited | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Adrika Developers by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Adrika Developers Private Limited
Adrika Developers Private Limited is audited by Nayan Parikh & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Nayan Parikh & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Adrika Developers Private Limited
Adrika Developers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Premji Shah Also directs: Bhavanika Buildcon Private Limited, Fanibhushan Build Tech Private Limited, Dosti Marinebay Private Limited and 5 more | Director | 02 Jan 2008 | 18 Years 9 Months | Current |
| Rajul Vrajlal Vora Also directs: Bhavanika Buildcon Private Limited, Fanibhushan Build Tech Private Limited, Dosti Marinebay Private Limited and 5 more | Director | 02 Jan 2008 | 18 Years 9 Months | Current |
| Deepak Kishan Goradia Also directs: Dosti Seaview Realty LLP, Enerzium Oil & Gas Services Private Limited, Maitri Land Developers Private Limited and 5 more | Director | 25 Jul 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Adrika Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Adrika Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2024 | Hdfc Bank Limited | ₹75 Lakh | Open |
| 20 Sep 2022 | Idbi Trusteeship Services Limited | ₹400 Cr | Open |
| 11 Feb 2022 | Others | ₹60 Cr | Satisfied |
| 31 Oct 2021 | Tata Capital Financial Services Limited | ₹3.23 Cr | Satisfied |
| 30 Sep 2021 | Tata Capital Financial Services Limited | ₹3.07 Cr | Satisfied |
Total charge records: 10 View all charges
Legal Cases of Adrika Developers Private Limited
Adrika Developers Private Limited has 23 court cases on record: 4 filed by Adrika Developers, 10 filed against it, 9 where it is another party. 7 cases are pending and 16 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 10 | 4 |
| High courts | 4 | 0 | 3 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (AO) | Company is another party | Pending |
| District court, Thane, Maharashtra | Civil suit | Company is another party | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Appeal | Company is another party | Pending |
Full case history
All 23 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Adrika Developers Private Limited
Adrika Developers Private Limited has 18 MSME Form 1 returns on record between 2020 and 2024, listing 668 overdue payments to 70 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 70)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Pag International Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| United Fire Safety Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 18 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Adrika Developers Private Limited
Adrika Developers Private Limited has a workforce of 102 employees as of Oct 08, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Adrika Developers Private Limited
Adrika Developers Private Limited has 9 board changes on record since 2008: 3 appointments and 6 cessations. The latest: Nayan Champaklal Shah ceased to be Director on 01 Feb 2024.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Adrika Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Adrika Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Adrika Developers Private Limited
Adrika Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA5418G1ZT | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Adrika Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Adrika Developers Private Limited
Adrika Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 06 January 2006 (20+ years old) and is registered under CIN U45200MH2006PTC158714.
Adrika Developers reported revenue of ₹3.47 Cr for FY 2025 (up 167% YoY).
Adrika Developers has 3 current directors:
- Rajesh Premji Shah - Director
- Rajul Vrajlal Vora - Director
- Deepak Kishan Goradia - Director
Adrika Developers reported a net loss of ₹26.38 Cr and EBITDA of -₹33.01 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Adrika Developers is -44% over three years and -32% over five years. In the latest year (FY 2025) revenue rose 167%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Adrika Developers is 27AAFCA5418G1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Adrika Developers is U45200MH2006PTC158714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adrika Developers has 23 court cases on record: 4 filed by the company and 10 filed against it. 7 are pending. Most are in the district courts.
Adrika Developers was incorporated on 06 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Adrika Developers by revenue are Nieve Infra Engineering Private Limited, Prabal Engineering Private Limited, Mahavirlal Construction Private Limited, Blochous Engineers Private Limited, Balvikrupa Infrastructure Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Nayan Champaklal Shah ceased to be Director on 01 Feb 2024. Hiten Chandulal Timbadia ceased to be Director on 09 Dec 2019. Deepak Kishan Goradia was appointed as Director on 25 Jul 2018. Adrika Developers has 9 board changes on record in total.
Adrika Developers has 18 MSME Form 1 returns on record between 2020 and 2024, listing 668 overdue payments to 70 micro and small suppliers. The latest return was filed on 30 Apr 2024.