Point Developers Private Limited
About Point Developers Private Limited
Data last updated:
Point Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 February 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2011PTC213880. Its GSTIN is 27AAGCP1933Q1ZW (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹20 Lakh. It is led by directors Jatin Arvind Mehta and Chaitanya Jatin Mehta.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Office No. 505 Business Point D. K. Sandhu Marg Opp. Saibaba Mandir Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.32 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net loss of ₹75.51 Lakh (net margin -22.8%) and EBITDA of -₹51.77 Lakh (EBITDA margin -15.6%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹9.94 Cr on record. Court records list 13 cases involving the company, including 2 filed by the company and 11 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2015. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Avika Buildcon Private Limited with revenue of ₹3.32 Cr.
Company details
Contact details
Point Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No. 505 Business Point D. K. Sandhu Marg Opp. Saibaba Mandir Chembur, Mumbai, Maharashtra, India – 400071
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Point 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 Point 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 Point Developers Private Limited, buy the company report.
Financials of Point Developers Private Limited
FY 2022 filings availablePoint Developers Private Limited reported revenue of ₹3.32 Cr (down 32% 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 32% fall in the latest year. EBITDA fell 114% 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 |
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| EBITDA | -₹51.77 Lakh | ||||
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| Net Profit (PAT) | -₹75.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -15.6% | ||||
| Net Profit Margin | -22.8% | ||||
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To see the full financial statements and ratios of Point Developers Private Limited, buy the company report.
Board of directors of Point Developers Private Limited
Point Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatin Arvind Mehta | Director | 22 Feb 2011 | 15 Years 8 Months | As last reported |
| Chaitanya Jatin Mehta | Director | 18 Feb 2019 | 7 Years 8 Months | As last reported |
Peer comparison
Point Developers 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 |
|---|---|---|---|---|---|---|
| Avika Buildcon Private Limited | ₹3.32 Cr (FY 2024) | -23.0% | Mumbai, Maharashtra, India | |||
| T3 Urban Developers Limited | ₹3.32 Cr (FY 2018) | -52.0% | Mumbai, Maharashtra, India | |||
| Point Developers Private Limitedthis company | ₹3.32 Cr (FY 2022) | -₹75.51 Lakh | -22.8% | -32.0% | Mumbai, Maharashtra, India | |
| Baheti Housing and Developments Private Limited | ₹3.32 Cr (FY 2025) | 40.0% | Thane, Maharashtra, India |
To see the full peer comparison of Point Developers Private Limited, buy the company report.
Auditor
Point Developers Private Limited is audited by PRAKASH SARENA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAKASH SARENA & ASSOCIATES | FY 2020 | 145049W |
Shareholding
The shareholding of Point Developers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Point Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2019 | 100291334 | Others | ₹2.06 Cr | Open | |
| 12 Sep 2018 | 100202079 | Others | ₹1.88 Cr | Open | |
| 07 Aug 2018 | 100208248 | State Bank of India | ₹6 Cr | Open |
Total charge records: 3 View all charges
Deals & funding
Point Developers Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2015.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Apr 2011 | Funding round | ₹10 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Point Developers Private Limited has 13 court cases on record: 2 filed by Point Developers, 11 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 2 |
| High courts | 3 | 1 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (S) | Filed by the company against Om Samruddhi Sites Private Limited and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SW) | Filed against the company by an individual | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Point 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 Point Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Point Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP1933Q1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Point Developers Private Limited, buy the company report.
Recent activity
Point Developers Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Manoj Kumar Agarwal ceased to be Irp/Rp/Liquidator on 27 Jan 2025.
2 earlier events are in the company report.
Frequently asked questions
Point Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Point Developers is a company under insolvency, formerly operating as a 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 22 February 2011 and is registered under CIN U45202MH2011PTC213880. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Point Developers has 2 current directors:
- Jatin Arvind Mehta - Director
- Chaitanya Jatin Mehta - Director
The latest financial statements of Point Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Point Developers is U45202MH2011PTC213880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Point Developers has open charges of ₹9.94 Cr and no satisfied charges on record as per latest MCA filings.
Point Developers has 13 court cases on record: 2 filed by the company and 11 filed against it. 2 are pending. Most are in the district courts.
Point Developers was incorporated on 22 February 2011. It is registered with the Registrar of Companies, Mumbai.
Point Developers has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in March 2015.
The peers of Point Developers by revenue are Avika Buildcon Private Limited, T3 Urban Developers Limited, Baheti Housing and Developments Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Manoj Kumar Agarwal ceased to be Irp/Rp/Liquidator on 27 Jan 2025. Chaitanya Jatin Mehta ceased to be Additional Director on 30 Sep 2019. Chaitanya Jatin Mehta was appointed as Director on 18 Feb 2019. Point Developers has 8 board changes on record in total.
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