About Clover Developers Private Limited
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Clover Developers Private Limited is a private 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 29 September 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1984PTC034153. Its GSTIN is 27AAACG1925B1Z6 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Gargi Construction Co Pvt Ltd. It is led by directors Raj Kanaksen Bhansali and Dhiren Popatlal Nandu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.18 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹84.3 Lakh (net margin -16.3%) and EBITDA of -₹60.64 Lakh (EBITDA margin -11.7%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 18% over five years.
The company has about 33 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹29.2 Cr and satisfied charges of ₹5.81 Cr on record. Court records list 25 cases involving the company, including 11 filed by the company and 9 filed against it; 12 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 cloverbuilders.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address501 5 Floor Aashirwad Bldg. Plot No.471/B Rd No.33 H Adenwala Rd Maheswari Udyan King Circ, Le Matunga, Mumbai, Maharashtra, India – 400019
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Clover Developers Private Limited
The main business activity of Clover Developers is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Clover Developers Private Limited FY 2024 filings available
Clover Developers Private Limited reported revenue of ₹5.18 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Clover Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 3% fall in the latest year. EBITDA fell 258% 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 of Clover Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹60.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹84.3 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Clover Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -16.3% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Clover Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Clover Developers Private Limited
Clover Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atul Kudtarkar and Associates Private Limited | ₹5.2 Cr (FY 2025) | •••• | •••• | 745.0% | •••• | Badlapur, Maharashtra, India |
| Sunbright Developers Private Limited | ₹5.19 Cr (FY 2025) | •••• | •••• | 5345.0% | •••• | Kolkata, West Bengal, India |
| Bharathi & Associates Asset Building Private Limited | ₹5.19 Cr (FY 2024) | •••• | •••• | 110.0% | •••• | Egmore Nungambakkam, Tamil Nadu, India |
| DVS Contractors Private Limited | ₹5.19 Cr (FY 2017) | •••• | •••• | -2.0% | •••• | Lucknow, Uttar Pradesh, India |
| Sagarmatha Constructions Private Limited | ₹5.19 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Kullu, Himachal Pradesh, India |
| Clover Developers Private Limited this company | ₹5.18 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Patel RPL Realty Private Limited | ₹5.18 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Ambernath, Maharashtra, India |
| Avante Spaces Limited | ₹5.18 Cr (FY 2025) | •••• | •••• | -98.0% | •••• | Pune City, Maharashtra, India |
| Bhadane Infrastructure and Maintenance Private Limited | ₹5.18 Cr (FY 2023) | •••• | •••• | 320.0% | •••• | Shirpur, Maharashtra, India |
| Bhowal Real Estate Private Limited | ₹5.18 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Bandel, West Bengal, India |
| Innometrics Projects Private Limited | ₹5.18 Cr (FY 2024) | •••• | •••• | •••• | Salempur, Uttarakhand, India |
Peers are the five companies nearest above and the five nearest below Clover Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Clover Developers Private Limited
Clover Developers Private Limited is audited by Ganesh & Rajendra Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ganesh & Rajendra Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Clover Developers Private Limited
Clover 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 |
|---|---|---|---|---|
| Raj Kanaksen Bhansali Also directs: Clover Renaissance LLP, Clover Buildtech-I Private Limited, Clover Buildtech-Ii Private Limited and 5 more | Director | 25 Apr 2014 | 12 Years 5 Months | Current |
| Dhiren Popatlal Nandu | Director | 30 Aug 1999 | 27 Years 1 Months | Current |
Ownership and Shareholding of Clover Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Clover Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2016 | Others | ₹15 Cr | Open |
| 15 Feb 2016 | Bajaj Finance Limited | ₹14.2 Cr | Open |
| 07 May 2007 | Oriental Bank of Commerce Ltd. | ₹5.81 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Clover Developers Private Limited
Clover Developers Private Limited has 25 court cases on record: 11 filed by Clover Developers, 9 filed against it, 5 where it is another party. 12 cases are pending and 13 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 1 | 6 |
| District courts | 9 | 4 | 6 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Tentpole Kitchen Private Limited | Disposed |
| Bombay High Court | Writ petition | Company is another party | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Clover Highlands Co-Operative Housing Society Piya Mirajkar | Pending |
| Bombay High Court | Writ petition | Filed by the company against District Deputy Registrar Co-Op. Societies, Pune City and Competent Authority | Pending |
Full case history
All 25 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Clover Developers Private Limited
Clover Developers Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SFS Fire Protection India Private Limited | •••• | •••• | •••• |
| Sri Parram Marketing | •••• | •••• | •••• |
| Taiyo Enviro Private Limited | •••• | •••• | •••• |
| Parwani Enerprises | •••• | •••• | •••• |
| Greencon Overseas | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Clover Developers Private Limited
Clover Developers Private Limited has a workforce of 33 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Clover Developers Private Limited
Recent Activity on Clover Developers Private Limited
Clover Developers Private Limited has 8 board changes on record since 1999: 2 appointments and 6 cessations. The latest: Romil Dhiren Nandu ceased to be Director on 01 Aug 2017.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Clover Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Clover Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Clover Developers Private Limited
Clover Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG1925B1Z6 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Clover Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Clover Developers Private Limited
Clover 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 29 September 1984 (42+ years old) and is registered under CIN U45200MH1984PTC034153.
Clover Developers reported revenue of ₹5.18 Cr for FY 2025 (down 3% YoY).
Clover Developers has 2 current directors:
- Raj Kanaksen Bhansali - Director
- Dhiren Popatlal Nandu - Director
Clover Developers reported a net loss of ₹84.3 Lakh (net margin -16.3%) and EBITDA of -₹60.64 Lakh (EBITDA margin -11.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Clover Developers is 4% over three years and -18% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Clover Developers is 27AAACG1925B1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clover Developers is U45200MH1984PTC034153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Developers has 25 court cases on record: 11 filed by the company and 9 filed against it. 12 are pending. Most are in the high courts.
Clover Developers was incorporated on 29 September 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Clover Developers by revenue are Atul Kudtarkar and Associates Private Limited, Sunbright Developers Private Limited, Bharathi & Associates Asset Building Private Limited, DVS Contractors Private Limited, Sagarmatha Constructions Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Romil Dhiren Nandu ceased to be Director on 01 Aug 2017. Meena Dhiren Nandu ceased to be Additional Director on 27 Oct 2015. Rahil Dhiren Nandu ceased to be Additional Director on 30 Sep 2015. Clover Developers has 8 board changes on record in total.
Clover Developers has 3 MSME Form 1 returns on record between 2022 and 2023, listing 9 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Aug 2023.