About Pepl Developers Private Limited
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Pepl Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Prl Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 November 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17100MH1999PTC122652. Its GSTIN is 27AACCA7777K1Z5 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹783.89 Cr and a paid-up capital of ₹2.94 Cr. It was formerly known as Alpex International Private Limited and Piramal Realty Limited. It is led by directors Pankaj Sureshchandra Mundada and Arunkumar Harimurat Singh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 8th Floor Piramal Tower Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,323.05 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹15.32 Cr (net margin -1.2%) and EBITDA of -₹13.92 Cr (EBITDA margin -1.1%). Revenue has grown at a compounded annual rate (CAGR) of 785% over three years and 254% over five years.
The company has about 187 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Piramal Group. As per MCA filings, the company has open charges of ₹1,170 Cr and satisfied charges of ₹2,351.25 Cr on record. Court records list 43 cases involving the company, including 11 filed by the company and 33 filed against it; 14 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 piramal.com.
Company details
Name history
Pepl Developers has undergone 5 name changes throughout its history. The current legal name is Pepl Developers Private Limited.
| Company Name | Status |
|---|---|
| Pepl Developers Private Limited | Current |
| Alpex International Private Limited | Previous |
| Piramal Realty Limited | Previous |
| Piramal Realty Private Limited | Previous |
| Alpex International Limited | Previous |
CIN history
Pepl Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17100MH1999PTC122652, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100MH1999PTC122652 | Current |
| U17100MH1999PLC122652 | Previous |
| U17100MH2005PLC122652 | Previous |
Contact details
Pepl Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is piramal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8th Floor Piramal Tower Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pepl 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
Brands
Pepl Developers operates one associated brand: Piramal Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | piramal.com |
Business activity
The main business activity of Pepl Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Pepl Developers Private Limited, buy the company report.
Financials of Pepl Developers Private Limited
FY 2025 filings availablePepl Developers Private Limited reported revenue of ₹1,323.05 Cr (up 229% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 254% over five years, including 229% growth in the latest year. EBITDA rose 80% 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 | -₹13.92 Cr | ||||
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| Net Profit (PAT) | -₹15.32 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Pepl Developers Private Limited, buy the company report.
Board of directors of Pepl Developers Private Limited
Pepl Developers has 2 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Sureshchandra Mundada Also directs: PRL Agastya Buildcon Private Limited, Piramal Real Estates Private Limited, Glider Buildcon Realtors Private Limited and 1 more | Director | 19 Apr 2022 | 4 Years 6 Months | Current |
| Arunkumar Harimurat Singh Also directs: Warasgaon Power Supply Limited, PRL Agastya Buildcon Private Limited, Piramal Real Estates Private Limited and 1 more | Director | 12 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Pepl Developers Private Limited is audited by SRBC & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO LLP | FY 2023 | 300003 |
Shareholding
The shareholding of Pepl 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Pepl Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2022 | 100589734 | Others | ₹1,170 Cr | Open | |
| 15 Oct 2019 | 100297767 | Idbi Trusteeship Services Limited | ₹700 Cr | Satisfied | |
| 08 May 2015 | 10570485 | Housing Development Finance Corporation Limited | ₹167 Cr | Satisfied | |
| 08 May 2015 | 10570487 | Housing Development Finance Corporation Limited | ₹305 Cr | Satisfied | |
| 12 Mar 2015 | 10558526 | Axis Finance Limited | ₹65 Cr | Satisfied |
To see the full charge records of Pepl Developers Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Pepl Developers Private Limited has 43 court cases on record: 11 filed by Pepl Developers, 33 filed against it. 14 cases are pending and 29 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 28 | 10 |
| District courts | 7 | 2 | 3 |
| Supreme Court | 3 | 3 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LE) | Filed by the company against Yahoo Web Services India Pvt.Ltd. | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LD) | Filed against the company by Yahoo India Private Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by J.C. Flowers Asset Reconstruction Private Limited | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by J.C. Flowers Asset Reconstruction Private Limited | Disposed |
| High Court | Court case (CARAP) | Filed against the company by Prama Instruments Pvt Ltd | Disposed |
To see the full case history of Pepl 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.
Credit ratings & regulatory alerts
Pepl Developers Private Limited was last rated by Care on 07 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2021 |
To see the full credit ratings and regulatory alerts of Pepl Developers Private Limited, buy the company report.
MSME payment delays
Pepl Developers Private Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 167 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Roli Books Private Limited |
To see the full MSME payment records of Pepl Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pepl Developers Private Limited has a workforce of 187 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Pepl Developers has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA7777K1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pepl Developers Private Limited, buy the company report.
Recent activity
Pepl Developers Private Limited has 52 board changes on record since 2002: 27 appointments and 25 cessations. The latest: Ashish Joshi ceased to be Director on 31 Dec 2024.
67 earlier events are in the company report.
News
Frequently asked questions
Pepl 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 15 November 1999 (27+ years old) and is registered under CIN U17100MH1999PTC122652.
Pepl Developers has 2 current directors:
- Pankaj Sureshchandra Mundada - Director
- Arunkumar Harimurat Singh - Director
The latest financial statements of Pepl Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pepl Developers is 27AACCA7777K1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Pepl Developers is U17100MH1999PTC122652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pepl Developers has 43 court cases on record: 11 filed by the company and 33 filed against it. 14 are pending. Most are in the high courts.
Pepl Developers was incorporated on 15 November 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Ashish Joshi ceased to be Director on 31 Dec 2024. Ashish Joshi was appointed as Director on 24 Sep 2024. Manish Dhansukhlal Mistry ceased to be Director on 13 Sep 2024. Pepl Developers has 52 board changes on record in total.
Pepl Developers has 7 MSME Form 1 returns on record between 2022 and 2024, listing 167 overdue payments to 42 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Pepl Developers can be reached through the website piramal.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Pepl Developers is at 8th Floor Piramal Tower Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.