Clover Developers Private Limited - Company Profile

It is a real estate and construction private limited company based in Mumbai, Maharashtra, India, established in 1984.

1984 Mumbai, Maharashtra, India Active

Last Updated: January 07, 2026

About Clover Developers Private Limited

Clover Developers Private Limited, a active private limited company, was established on 29 September 1984 in Mumbai, Maharashtra, India. Engaging in real estate builders & developers within the real estate sector, it holds CIN: U45200MH1984PTC034153. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹1.00 M.

Formerly known as Gargi Construction Co Pvt Ltd. It upholds a compliant status. Employing 33 professional, Its leadership includes Raj Kanaksen Bhansali (Director), Dhiren Popatlal Nandu (Director). Past directors included Manilal Chedda, Raj Kanaksen Bhansali, Harsha Shah. It holds ₹29.20 Cr open charges and ₹5.81 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 501,5 Floor,Aashirwad Bldg.,Plot No.471/B,Rd No.33 H Adenwala Rd, Maheswari Udyan,King Circ, Le,Matunga, Mumbai, Maharashtra, 400019.

Company Details

CIN/LLPIN
U45200MH1984PTC034153
Registration Number
034153
Incorporation Date
29 September 1984
Authorized Capital
₹2.00 Cr
Paid-Up Capital
₹1.00 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.00 Cr as on 07-01-2026
Paid Up Capital ₹ 1.00 M as on 07-01-2026
Company Age 41 Year, 4 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 29.20 Cr as on 07-01-2026
Satisfied Charges ₹ 5.81 Cr as on 07-01-2026
Revenue Growth **** 65.43% (FY 2023)
Profit Growth **** 129.06% (FY 2023)
Ebitda **** 27.59% (FY 2023)
Net Worth 58.15% (FY 2023)
Total Assets **** 13.14% (FY 2023)

Comprehensive Company Insights

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Access Report

Who are the key members and board of directors at Clover Developers Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Raj Kanaksen Bhansali	Director	25 Apr 2014	Current
Dhiren Popatlal Nandu	Director	30 Aug 1999	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	25 Apr 2014	Past
Pramod Abcsdd	Additional Director	30 Sep 2014	Past
Pramod Abcsdd	Director	19 Mar 2015	Past
Pramod Abcsdd	Director	01 Aug 2017	Past
Pramod Abcsdd	Additional Director	27 Oct 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past

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Financial Performance of Clover Developers.

Clover Developers Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 65.43% increase. The company also saw a substantial improvement in profitability, with a 129.06% increase in profit. The company's net worth Soared by an impressive increase of 58.15%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

65.43%

*******

Revenue from Operations

*******

461.82%

*******

Total Assets

*******

13.14%

*******

Profit or Loss

*******

129.06%

*******

Net Worth

*******

58.15%

*******

EBITDA

*******

27.59%

*******

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What is the Ownership and Shareholding Structure of Clover Developers?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹292,000,000.00

Satisfied Charges

₹58,100,000.00

Charges Breakdown by Lending Institutions

Others : 15.00 Cr
Bajaj Finance Limited : 14.20 Cr

Latest Charge Details

Date	Lender	Amount	Status
31 Aug 2016	Others	₹15.00 Cr	Open
15 Feb 2016	Bajaj Finance Limited	₹14.20 Cr	Open
07 May 2007	Oriental Bank Of Commerce Ltd.	₹5.81 Cr	Satisfied

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How Many Employees Work at Clover Developers?

Clover Developers has a workforce of 33 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Clover Developers

Recent Activity within the Organization

Annual General Meeting

Clover Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Balance Sheet

Progress on Clover Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.
31 Mar 2024
Charges

The activity A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100050752 was registered on 31 Aug 2016. was completed.
31 Aug 2016
Charges

A charge with Bajaj Finance Limited amounted to Rs. 14.20 Cr with Charge ID 10624848 was registered on 15 Feb 2016. was recorded as a recent event.
15 Feb 2016
Director Appointment

The activity Raj Kanaksen Bhansali was appointed as a Director was appointed as a Director on 25 Apr 2014 & has been associated with this company since 11 years 9 months . was completed.
25 Apr 2014
Charges

Progress on A charge registered on 07 May 2007 via Charge ID 10055225 with Oriental Bank Of Commerce Ltd. was fully satisfied on 06 Apr 2010. was documented.
06 Apr 2010

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