About City Estate Developers Limited
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City Estate Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 March 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH1995PLC086399. Its GSTIN is 27AAACC2562L1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.81 Cr. It was formerly known as City Finlease and Estate Limited. It is led by directors including Dharamchand Jabarchandji Surana and Abdul Sattar Padiyar Mohmed Yasin Khan.
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 Crasto Bldg II Floor294 Dr C H Street Marine Lines, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.41 Lakh, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹54,912 (net margin 10.1%) and EBITDA of ₹1.68 Lakh (EBITDA margin 31%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 30% over five years.
As per MCA filings, the company has satisfied charges of ₹21.5 Cr on record. Court records list 45 cases involving the company, including 24 filed by the company and 21 filed against it; 11 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 sanghvidevelopers.com.
Company details
Contact details
City Estate Developers Limited's registered office is in Mumbai, Maharashtra. Its website is sanghvidevelopers.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressCrasto Bldg II Floor294 Dr C H Street Marine Lines, Mumbai, Maharashtra, India – 400002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of City Estate Developers 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
Financials of City Estate Developers Limited
FY 2025 filings availableCity Estate Developers Limited reported revenue of ₹5.41 Lakh (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 36% fall in the latest year. EBITDA fell 53% 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 | ₹1.68 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹54,912 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 31% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of City Estate Developers Limited, buy the company report.
Board of directors of City Estate Developers Limited
City Estate Developers has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansukhlal Chatrabhuj Vora | Additional Director | 06 Feb 2020 | 6 Years 9 Months | Current |
| Dharamchand Jabarchandji Surana Also directs: Ram Sneh Realtors LLP, Metro Contemporary (India) Private Limited, Prince Estates Development Private Limited and 1 more | Director | 13 Mar 1995 | 31 Years 8 Months | Current |
| Abdul Sattar Padiyar Mohmed Yasin Khan | Director | 10 Mar 2006 | 20 Years 8 Months | Current |
| Prince Dharmchand Surana Also directs: Ram Sneh Realtors LLP, Care Easy Health Tech Private Limited, Integrity Medical Imaging and Testing Private Limited and 1 more | Additional Director | 08 Feb 2021 | 5 Years 9 Months | Current |
Peer comparison
City Estate Developers Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Isys Info-Tech Private Limited | ₹5.42 Lakh (FY 2019) | 24.0% | Delhi, India | |||
| Buildideal Constructions (India) Private Limited | ₹5.42 Lakh (FY 2024) | 431.0% | Palakkad, Kerala, India | |||
| Sambhavnath Developers Private Limited | ₹5.41 Lakh (FY 2020) | -60.0% | Mumbai, Maharashtra, India | |||
| East West Real Estate Private Limited | ₹5.41 Lakh (FY 2025) | 34.0% | Kolkata, West Bengal, India | |||
| Anugrah Realty Developers Private Limited | ₹5.41 Lakh (FY 2019) | 2566.0% | Mumbai, Maharashtra, India | |||
| City Estate Developers Limitedthis company | ₹5.41 Lakh (FY 2025) | ₹54,912 | 10.1% | -36.0% | Mumbai, Maharashtra, India | |
| Star Line Commercial Comp Pvt Ltd | ₹5.41 Lakh (FY 2024) | 588.0% | Kolkata, West Bengal, India | |||
| Devesh Merchandise Pvt. Ltd. | ₹5.4 Lakh (FY 2025) | 34.0% | Kolkata, West Bengal, India | |||
| Kanishk City Land Promoters Private Limited | ₹5.4 Lakh (FY 2024) | -69.0% | Haryana, India | |||
| Seasons Estate Private Limited | ₹5.4 Lakh (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| GDM Infratech Limited | ₹5.4 Lakh (FY 2024) | -24.0% | Topsia, West Bengal, India |
To see the full peer comparison of City Estate Developers Limited, buy the company report.
Auditor
City Estate Developers Limited is audited by J M T & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J M T & ASSOCIATES | FY 2020 | 104167W |
Shareholding
The shareholding of City Estate Developers Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of City Estate Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jun 2009 | 10168650 | Bank of Baroda | ₹9 Cr | Satisfied | |
| 15 Jun 2009 | 10162262 | Bank of Baroda | ₹6.5 Cr | Satisfied | |
| 21 Dec 2006 | 10032688 | Bank of Baroda | ₹6 Cr | Satisfied |
To see the full charge records of City Estate Developers Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
City Estate Developers Limited has 45 court cases on record: 24 filed by City Estate Developers, 21 filed against it. 11 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 9 | 6 |
| High courts | 20 | 12 | 5 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Exe.Appln.) | Filed against the company by an individual | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Appeal | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Appeal | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Court case (AO) | Filed by the company against Devdarshan Co-Operative Housing Society Limited and Others and 2 others | Pending |
To see the full case history of City Estate Developers 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 City Estate Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
City Estate Developers has 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
GST
City Estate Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC2562L1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of City Estate Developers Limited, buy the company report.
Recent activity
City Estate Developers Limited has 9 board changes on record since 1995: 4 appointments and 5 cessations. The latest: Prince Dharmchand Surana was appointed as Additional Director on 08 Feb 2021.
6 earlier events are in the company report.
Frequently asked questions
City Estate Developers is an active public 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 13 March 1995 (31+ years old) and is registered under CIN U70102MH1995PLC086399.
City Estate Developers has 4 current directors:
- Mansukhlal Chatrabhuj Vora - Additional Director
- Dharamchand Jabarchandji Surana - Director
- Abdul Sattar Padiyar Mohmed Yasin Khan - Director
- Prince Dharmchand Surana - Additional Director
The latest financial statements of City Estate 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 City Estate Developers is 27AAACC2562L1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of City Estate Developers is U70102MH1995PLC086399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
City Estate Developers has 45 court cases on record: 24 filed by the company and 21 filed against it. 11 are pending. Most are in the district courts.
City Estate Developers was incorporated on 13 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of City Estate Developers by revenue are Isys Info-Tech Private Limited, Buildideal Constructions (India) Private Limited, Sambhavnath Developers Private Limited, East West Real Estate Private Limited, Anugrah Realty Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Prince Dharmchand Surana was appointed as Additional Director on 08 Feb 2021. Mansukhlal Chatrabhuj Vora was appointed as Additional Director on 06 Feb 2020. Nimish Mansukhlal Vora ceased to be Director on 06 Feb 2020. City Estate Developers has 9 board changes on record in total.
City Estate Developers can be reached through the website sanghvidevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of City Estate Developers is at Crasto Bldg II Floor294 Dr C H Street Marine Lines, Mumbai, Maharashtra, India – 400002.
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