About Group Satellite
Group Satellite is a Real Estate & Construction company based in Mumbai (India) founded in 1970. Real estate firm developing residential and commercial projects in Mumbai, India. It operates on a B2C and B2B model in Real Estate & Construction and Retail sectors. The company has 54 employees. Its Indian entity Satellite Developers Private Limited reported revenue of ₹150 Cr. Group Satellite offers products and services including Residential Projects, Commercial Projects, and Advisory Services. Its focus areas include Real Estate, Property Development, Residential and Urban Housing. Its competitors include Godrej Properties and DLF India.
Company details
Group Satellite, established in 1970, is a real estate developer primarily operating in Mumbai, India. It manages various subsidiaries for residential, commercial, and advisory projects, including slum redevelopment and property financing. The company focuses on constructing high-quality buildings and provides services like property management, serving clients in the urban real estate market through direct sales and partnerships.
- Headquarters Mumbai, India
- Employees 54
- SectorsReal Estate & ConstructionRetail
- Email••••••••
- Phone•••• ••••
- Website group-satellite.com
- Social X Facebook Instagram
- Legal Name Satellite Developers Pvt Ltd
- Date of Incorporation 17 Feb, 1953
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹150 Cr
FY 2024 · -37% YoY
- Net Profit₹5.87 Cr
FY 2024 · 4% margin
- EBITDA₹29.40 Cr
FY 2024 · 20% margin
- Employee Count54
Associated legal entities of Group Satellite
Group Satellite is associated with 2 registered companies on The Company Check; the primary company is Satellite Developers Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Satellite Developers Private Limited CIN U24291MH1953PTC139290 | Active | 17 Feb 1953 | Mumbai, Maharashtra | ₹150 Cr | 54 | 5 | View details |
| Satellite Aedifex Private Limited CIN U45400MH2016PTC286894 | Active | 18 Oct 2016 | Mumbai, Maharashtra | ₹48.8 Cr | 28 | 4 | View details |
Products & Services of Group Satellite
Group Satellite offers a comprehensive portfolio of products and services, including Residential Projects, Commercial Projects, and Advisory Services.
Development of housing and urban projects in Mumbai
Construction of office and advisory spaces
Provision of property financing and management solutions
Board of directors of Satellite Developers Private Limited (Group Satellite)
Satellite Developers Private Limited is the primary company behind Group Satellite. The boards of the 2 registered companies of Group Satellite currently have 6 directors; the longest-serving is Sarjan Pankaj Shah, appointed in 2008. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sarjan Pankaj Shah DIN 02251956 | Director | 02 Dec 2008 | 17 yrs 10 mo | Satellite Developers Private Limited, Satellite Aedifex Private Limited |
| Nimish Desai Mahendra DIN 02556734 | Director | 18 Oct 2016 | 10 yrs | Satellite Aedifex Private Limited |
| Nitin Ramanlal Desai DIN 02613210 | Director | 18 Oct 2016 | 10 yrs | Satellite Aedifex Private Limited |
| Abhishek Sohanlal Jain DIN 07188392 | Director | 16 Mar 2017 | 9 yrs 7 mo | Satellite Aedifex Private Limited |
| Kalpana Pankaj Shah DIN 00033504 | Director | 01 Dec 2018 | 7 yrs 10 mo | Satellite Developers Private Limited |
| Sunil Nihalchand Munot DIN 01901959 | CEO | 15 Jul 2025 | 1 yr 3 mo | Satellite Developers Private Limited |
Financials of Group Satellite
Figures of Satellite Developers Private Limited, the primary company behind Group Satellite, for FY 2024. Revenue was ₹150 Cr (-37% year on year). Net profit was ₹5.87 Cr (4% margin). EBITDA was ₹29.40 Cr (20% margin). Revenue has grown at a compounded annual rate of +13% over three years and +14% over five years.
- ₹150 CrRevenue · FY 2024 · -37% YoY
- ₹5.87 CrNet profit · 4% margin
- ₹29.40 CrEBITDA · 20% margin
- ₹53.40 CrPaid-up capital
- 54Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Satellite Developers Private Limited are on its company page.
Detailed financial statements for Group Satellite
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Competitors of Group Satellite
Group Satellite has 2 listed competitors in our database. They include Godrej Properties and DLF India.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| godrejproperties.com | 1990 | Mumbai, India | 408 | Residential and commercial properties are developed by Godrej Properties. | ||
| dlf.in | 1947 | Gurugram, India | 132 | Provider of property and real estate development services |
Detailed competitors of Group Satellite
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Web traffic of Group Satellite
The website of Group Satellite (group-satellite.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 10.7% vs previous month
Top companies in Affordable & Senior Housing
3 companies that operate in the same segment as Group Satellite (Affordable & Senior Housing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Loans for affordable housing in tier 2,3 and 4 cities | 2010 | Mumbai, Maharashtra, India | USD 607.85 M | USD 389.13 M | 4,580 | |
Affordable housing finance solutions are provided to underserved individuals. | 2010 | Gurugram, Haryana, India | USD 236.82 M | USD 31.04 M | 2,880 | |
Home loans and financial services are provided to customers. | 2014 | Bengaluru, Karnataka, India | USD 38.2 M | USD 4.42 M | 579 |
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Related news about Group Satellite
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Frequently Asked Questions about Group Satellite
Group Satellite was founded in 1970.
Group Satellite is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Group Satellite has 54 employees.
The primary company behind Group Satellite, Satellite Developers Private Limited, reported revenue of ₹150 Cr for FY 2024, down 37% year on year.
Group Satellite, established in 1970, is a real estate developer primarily operating in Mumbai, India. It manages various subsidiaries for residential, commercial, and advisory projects, including slum redevelopment and property financing. The company focuses on constructing high-quality buildings and provides services like property management, serving clients in the urban real estate market through direct sales and partnerships.
Group Satellite's top competitors include Godrej Properties and DLF India.
Group Satellite offers Residential Projects, Commercial Projects, and Advisory Services.
Group Satellite is associated with 2 legal entities: Satellite Developers Private Limited, Satellite Aedifex Private Limited.
The legal entities of Group Satellite currently have 7 directors, including Sunil Nihalchand Munot, Ankur Ravikumar Jain, Kalpana Pankaj Shah and others.