About DBG Estates Private Limited
Data last updated:
DBG Estates 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 22 December 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2008PTC189090. Its GSTIN is 27AAECR2142K1ZD (Maharashtra).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹99.53 Cr. It was formerly known as Rightflow Trading Private Limited. It is led by directors including Hardik Vinay Dhebar and Sanjeev Jhurani.
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Welspun House Kamala Mills Compound Senapati Bapat Marg Lower Parel Mumbai – 4, 00013, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹96.9 Cr, a growth of 81% compared to the previous year. For the same year it recorded a net profit of ₹53.51 Lakh (net margin 0.6%) and EBITDA of ₹84.67 Cr (EBITDA margin 87.4%). Revenue has grown at a compounded annual rate (CAGR) of 577% over five years.
As per MCA filings, the company has open charges of ₹875 Cr and satisfied charges of ₹1,175 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2018. The company has 6 MSME Form 1 returns on record between 2021 and 2024, listing 60 overdue payments to 25 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspun.com.
Company details
CIN history
DBG Estates has one previous CIN (Corporate Identification Number): U51109MH2008PTC189090. The current CIN is U70101MH2008PTC189090, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101MH2008PTC189090 | Current |
| U51109MH2008PTC189090 | Previous |
Contact details
DBG Estates Private Limited's registered office is in Mumbai, Maharashtra. Its website is welspun.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Welspun House Kamala Mills Compound Senapati Bapat Marg Lower Parel Mumbai – 4, 00013, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of DBG Estates 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 DBG Estates 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 |
To see the full business activity and turnover split of DBG Estates Private Limited, buy the company report.
Financials of DBG Estates Private Limited
FY 2025 filings availableDBG Estates Private Limited reported revenue of ₹96.9 Cr (up 81% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 577% over five years, including 81% growth in the latest year. EBITDA rose 93% 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 | ₹84.67 Cr | ||||
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| Net Profit (PAT) | ₹53.51 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.4% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of DBG Estates Private Limited, buy the company report.
Board of directors of DBG Estates Private Limited
DBG Estates has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Vinay Dhebar Also directs: DBG Estates Holdings LLP, Propgenie Infra Developers LLP, Welspun Investments and Commercials Limited and 5 more | Director | 04 Dec 2024 | 1 Years 11 Months | Current |
| Sanjeev Jhurani Also directs: Alphaclarte Trading Private Limited, Alphaclarte Multiventures Private Limited, Wolp II Warehouse VI Private Limited and 5 more | Director | 31 Dec 2020 | 5 Years 10 Months | Current |
| Harish Chandra Gupta Also directs: MGN Agro Properties Private Limited, Welspun Newgen Limited, Balkrishan Goenka Foundation and 5 more | Director | 31 Dec 2020 | 5 Years 10 Months | Current |
Auditor
DBG Estates Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of DBG Estates Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of DBG Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2025 | 101085855 | Others | ₹875 Cr | Open | |
| 17 Feb 2023 | 100685795 | Others | ₹700 Cr | Satisfied | |
| 29 Sep 2021 | 100487531 | Others | ₹475 Cr | Satisfied |
To see the full charge records of DBG Estates Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
DBG Estates Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Rights issue | ₹3.3 Cr | Investors: 2 individuals |
| Sep 2017 | Rights issue | ₹67.11 Cr | Investors: 2 individuals |
| Jan 2016 | Rights issue | ₹70 Lakh | Investors: 2 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: BK Goenka Family Trust, BK Goenka HUF, 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
DBG Estates Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company | Disposed |
To see the full case history of DBG Estates 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.
Credit ratings & regulatory alerts
DBG Estates Private Limited was last rated by Care on 14 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Jan 2022 |
To see the full credit ratings and regulatory alerts of DBG Estates Private Limited, buy the company report.
MSME payment delays
DBG Estates Private Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 60 overdue payments to 25 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 25)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suresh Surana & Associates LLP | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Mec Netcomm Private Limited |
To see the full MSME payment records of DBG Estates Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
DBG Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECR2142K1ZD | Maharashtra | Active | 14 Sep 2017 |
To see the full GST registrations and return filing status of DBG Estates Private Limited, buy the company report.
Recent activity
DBG Estates Private Limited has 19 board changes on record since 2015: 3 appointments and 16 cessations. The latest: Hardik Vinay Dhebar ceased to be Additional Director on 17 Aug 2025.
17 earlier events are in the company report.
News
Frequently asked questions
DBG Estates 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 22 December 2008 (18+ years old) and is registered under CIN U70101MH2008PTC189090.
DBG Estates has 3 current directors:
- Hardik Vinay Dhebar - Director
- Sanjeev Jhurani - Director
- Harish Chandra Gupta - Director
The latest financial statements of DBG Estates on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of DBG Estates is 27AAECR2142K1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of DBG Estates is U70101MH2008PTC189090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DBG Estates has 1 court case on record: 1 filed against it.
DBG Estates was incorporated on 22 December 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
DBG Estates has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2018.
Hardik Vinay Dhebar ceased to be Additional Director on 17 Aug 2025. Hardik Vinay Dhebar was appointed as Director on 04 Dec 2024. Dinesh Kumar Dubey ceased to be Additional Director on 12 Sep 2024. DBG Estates has 19 board changes on record in total.
DBG Estates has 6 MSME Form 1 returns on record between 2021 and 2024, listing 60 overdue payments to 25 micro and small suppliers. The latest return was filed on 29 Apr 2024.
DBG Estates can be reached through the website welspun.com. Its registered office is in Mumbai, Maharashtra, India.
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