About Darshan Developers Private Limited
Data last updated:
Darshan 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 financing segment of the financial services sector. It was incorporated on 24 November 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC143256. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.19 Cr. It is led by directors Amar Arun Vajrekar and Aniruddha Ramesh Sargade.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 4th Floor Hdil Towers Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹76.91 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹4.49 Cr and EBITDA of -₹4.49 Cr.
As per MCA filings, the company has open charges of ₹2,087 Cr on record. Court records list 51 cases involving the company, including 2 filed by the company and 49 filed against it; 15 cases are pending. The company has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹84.1 Cr; the latest was in June 2018.
The last known website on record is sahanagroup.com.
Company details
Contact details
Darshan Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is sahanagroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4th Floor Hdil Towers Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Darshan 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 Darshan Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Darshan Developers Private Limited
FY 2018 filings availableDarshan Developers Private Limited reported revenue of ₹76.91 Lakh (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 30% in the latest year. EBITDA fell 3% in the latest 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 |
|---|---|---|---|---|---|
| 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 | -₹4.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.49 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Darshan Developers Private Limited, buy the company report.
Board of directors of Darshan Developers Private Limited
Darshan Developers has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Arun Vajrekar Also directs: Sahana Constructions Private Limited, Pawansut Dwellers Private Limited, Skylark Build Dwellers Private Limited and 1 more | Additional Director | 09 Jul 2019 | 7 Years 4 Months | As last reported |
| Aniruddha Ramesh Sargade Also directs: Sahana Constructions Private Limited, Pawansut Dwellers Private Limited, Skylark Build Dwellers Private Limited and 1 more | Additional Director | 01 Nov 2019 | 7 Years 0 Months | As last reported |
Auditor
Darshan Developers Private Limited is audited by ANKUR SHAH & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKUR SHAH & ASSOCIATES | FY 2018 | 136820W |
Shareholding
The shareholding of Darshan Developers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Darshan Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2019 | 100292375 | Others | ₹2,087 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Darshan Developers Private Limited has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹84.1 Cr; the latest was in June 2018.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Notion Real Estate Private Limited , Prashul Real Estate Private Limited , Earleen Real Estate Developers Private Limited Seller: Kyta Advisors Private Limited |
| Mar 2014 | Acquisition | Undisclosed | Buyer: Kyta Advisors Private Limited Seller: RKW Developers Private Limited |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: RKW Developers Private Limited Seller: Shivalik Ventures Private Limited |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: Skylark Build Dwellers Private Limited , an individual Seller: Shivalik Ventures Private Limited & Ramakant R. Jadhav, Shivalik Ventures Private Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Shivalik Ventures Private Limited , Shivalik Ventures Private Limited & Ramakant R. Jadhav Seller: Neev Infrastructure Private Limited , 3 individuals |
To see the full deal history of Darshan Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Darshan Developers Private Limited has 51 court cases on record: 2 filed by Darshan Developers, 49 filed against it. 15 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 20 | 10 |
| High courts | 21 | 20 | 4 |
| NCLT | 6 | 6 | 0 |
| NCLAT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARBP) | Filed by the company against Arogya Bharati Health Parks Private Limited and 8 others | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Cambridge Real Estate Management Private Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Sicagen India Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by TDH Realty LLP | Disposed |
To see the full case history of Darshan 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 Darshan Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Darshan Developers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Darshan Developers Private Limited, buy the company report.
Recent activity
Darshan Developers Private Limited has 20 board changes on record since 2008: 2 appointments and 18 cessations. The latest: Aniruddha Ramesh Sargade ceased to be Additional Director on 14 Apr 2021.
12 earlier events are in the company report.
Frequently asked questions
Darshan 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.
Darshan Developers is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 24 November 2003 and is registered under CIN U45200MH2003PTC143256. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Darshan Developers has 2 current directors:
- Amar Arun Vajrekar - Additional Director
- Aniruddha Ramesh Sargade - Additional Director
The latest financial statements of Darshan Developers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Darshan Developers is U45200MH2003PTC143256. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Darshan Developers has open charges of ₹2,087 Cr and no satisfied charges on record as per latest MCA filings.
Darshan Developers has 51 court cases on record: 2 filed by the company and 49 filed against it. 15 are pending. Most are in the district courts.
Darshan Developers was incorporated on 24 November 2003. It is registered with the Registrar of Companies, Mumbai.
Darshan Developers has 9 deals on record (5 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹84.1 Cr; the latest was in June 2018.
Aniruddha Ramesh Sargade ceased to be Additional Director on 14 Apr 2021. Amar Arun Vajrekar ceased to be Additional Director on 13 Apr 2021. Gagan Ashok Kumar Khemka ceased to be Director on 02 Nov 2019. Darshan Developers has 20 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
