About Akshar Land Developers Private Limited
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Akshar Land Developers Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2007PTC172658. Its GSTIN is 27AAGCA4491C1ZT (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹5 Lakh. It is led by directors Hari Bhachubhai Mujat and Bachubhai Dharamsi Arethiya.
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 Unit No 0047 Ground Floor O Wing Akshar Business Park, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.14 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹34.73 Cr (net margin 65.4%) and EBITDA of ₹34.73 Cr (EBITDA margin 65.4%). Revenue has grown at a compounded annual rate (CAGR) of 177% over three years and 18% over five years.
As per MCA filings, the company has satisfied charges of ₹90 Cr on record. Court records list 20 cases involving the company, including 5 filed by the company and 15 filed against it; 7 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akshardevelopers.com.
Company details
Contact details
Akshar Land Developers Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is akshardevelopers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit No 0047 Ground Floor O Wing Akshar Business Park Plot No 3 Sec 25, Vashi, Navi Mumbai, Maharashtra, India – 400703
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Akshar Land 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
Business activity
The main business activity of Akshar Land Developers 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 Akshar Land Developers Private Limited, buy the company report.
Financials of Akshar Land Developers Private Limited
FY 2024 filings availableAkshar Land Developers Private Limited reported revenue of ₹53.14 Cr (up 3469% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years. 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 | ₹34.73 Cr | ||||
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| Net Profit (PAT) | ₹34.73 Cr | ||||
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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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| EBITDA Margin | 65.4% | ||||
| Net Profit Margin | 65.4% | ||||
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To see the full financial statements and ratios of Akshar Land Developers Private Limited, buy the company report.
Board of directors of Akshar Land Developers Private Limited
Akshar Land Developers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Bhachubhai Mujat Also directs: Akshar Accommodations LLP, Akshar Infratech Private Limited, Aakash Accomodations Private Limited and 5 more | Director | 03 Sep 2018 | 8 Years 2 Months | Current |
| Bachubhai Dharamsi Arethiya Also directs: Akshar Accommodations LLP, Akshar Infratech Private Limited, Aakash Accomodations Private Limited and 5 more | Director | 28 Jul 2007 | 19 Years 3 Months | Current |
Auditor
Akshar Land Developers Private Limited is audited by CA Krupa Balia for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Krupa Balia | FY 2022 | 128009 |
Shareholding
The shareholding of Akshar Land Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Akshar Land Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2014 | 10494876 | Housing Development Finance Corporation Limited | ₹50 Cr | Satisfied | |
| 15 Jun 2011 | 10298676 | State Bank of India Industrial Finance Branch | ₹40 Cr | Satisfied |
To see the full charge records of Akshar Land Developers Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Akshar Land Developers Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Akshar Land Developers Private Limited has 20 court cases on record: 5 filed by Akshar Land Developers, 15 filed against it. 7 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 8 | 4 |
| High courts | 9 | 6 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Good Value Financial Services Private Limited and 3 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Elementa Phase I Co Operative Housing Society Through Pravin Farad | Pending |
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer Ward 15 , 1 Mumbai and Ors | Pending |
To see the full case history of Akshar Land Developers 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 Akshar Land Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akshar Land Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCA4491C1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akshar Land Developers Private Limited, buy the company report.
Recent activity
Akshar Land Developers Private Limited has 7 board changes on record since 2007: 2 appointments and 5 cessations. The latest: Mehul Jadavji Shah ceased to be Director on 03 Oct 2018.
3 earlier events are in the company report.
Frequently asked questions
Akshar Land Developers is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 July 2007 (19+ years old) and is registered under CIN U45203MH2007PTC172658.
Akshar Land Developers has 2 current directors:
- Hari Bhachubhai Mujat - Director
- Bachubhai Dharamsi Arethiya - Director
The latest financial statements of Akshar Land Developers 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 Akshar Land Developers is 27AAGCA4491C1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Akshar Land Developers is U45203MH2007PTC172658. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshar Land Developers has 20 court cases on record: 5 filed by the company and 15 filed against it. 7 are pending. Most are in the district courts.
Akshar Land Developers was incorporated on 28 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Akshar Land Developers has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Mehul Jadavji Shah ceased to be Director on 03 Oct 2018. Hari Bhachubhai Mujat was appointed as Director on 03 Sep 2018. Pratik Bhachubhai Mujat ceased to be Additional Director on 03 Sep 2018. Akshar Land Developers has 7 board changes on record in total.
Akshar Land Developers can be reached through the website akshardevelopers.com. Its registered office is in Navi Mumbai, Maharashtra, India.
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