MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0205945
Desai Residency Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹41.03 Cr
▲ 61% YoY
Net profit · FY 2025
₹11.27 Cr
Net margin 27.5%
EBITDA · FY 2025
₹11.67 Cr
EBITDA margin 28.4%
Authorised capital
₹55 Lakh
Registered with MCA
Paid-up capital
₹48.25 Lakh
Issued & subscribed
Open charges
₹400 Cr
Satisfied ₹373.83 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
10
Provident fund records
About Desai Residency Private Limited
Data last updated:
Desai Residency 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 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70109MH2018PTC314282. Its GSTIN is 27AAGCD8520K1ZF (Maharashtra).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹48.25 Lakh. It is led by directors Ranveer Ajay Desai and Ajay Dattajirao Desai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 601 A Wing 6th Floor Naman Midtown Senapati Bapat Marg Elphinstone Prabhadevi(West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.03 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net profit of ₹11.27 Cr (net margin 27.5%) and EBITDA of ₹11.67 Cr (EBITDA margin 28.4%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 4% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spark Group. As per MCA filings, the company has open charges of ₹400 Cr and satisfied charges of ₹373.83 Cr on record. Court records list 15 cases involving the company, including 7 filed by the company and 8 filed against it; 5 cases are pending. The company has 6 deals on record (2 debt financings, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹113.28 Cr; the latest was in July 2020.
Desai Residency Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0205945). For more details, the company can be reached via its website sparkdevelopers.in.
Company details
CIN U70109MH2018PTC314282
Registration Number 314282
Incorporation Date 20 September 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0205945
Recognitions & Rankings of Desai Residency
Contact details
Desai Residency Private Limited's registered office is in Mumbai, Maharashtra. Its website is sparkdevelopers.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address601 A Wing 6th Floor Naman Midtown Senapati Bapat Marg Elphinstone Prabhadevi(West), Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Desai Residency Private Limited, buy the company report.
Comprehensive company report
Desai Residency Private Limited - one report that includes everything
- 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
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Brands
Desai Residency operates one associated brand: Spark Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Luxury residential properties are developed in Mumbai by Spark Group. | sparkdevelopers.in |
Business activity
The main business activity of Desai Residency is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Desai Residency Private Limited, buy the company report.
Financials of Desai Residency Private Limited
FY 2024 filings availableDesai Residency Private Limited reported revenue of ₹41.03 Cr (up 61% YoY) for FY 2025.
Revenue · FY 2025
₹41.03 Cr ▲ 61%
Net profit · FY 2025
₹11.27 Cr margin 27.5%
EBITDA · FY 2025
₹11.67 Cr margin 28.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 61%
3 years · compounded
▼ 9%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▲ 117%
3 years · compounded
▲ 5%
5 years · compounded
▲ 28%
Revenue rose 61% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 117% 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 | ₹11.67 Cr | ||||
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| Net Profit (PAT) | ₹11.27 Cr | ||||
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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 | 28.4% | ||||
| Net Profit Margin | 27.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Desai Residency Private Limited, buy the company report.
Board of directors of Desai Residency Private Limited
Desai Residency has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranveer Ajay Desai | Director | 21 Jan 2025 | 1 Years 9 Months | Current |
| Ajay Dattajirao Desai | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Desai Residency Private Limited is audited by Samir Sanghavi & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Samir Sanghavi & Associates | FY 2023 | 115122W |
Shareholding
The shareholding of Desai Residency 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 Desai Residency Private Limited, buy the company report.
Charges & borrowings
Open charges
₹400 Cr
Satisfied charges
₹373.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2025 | 101032078 | Others | ₹400 Cr | Open | |
| 25 Nov 2019 | 100309665 | Others | ₹32 Cr | Satisfied | |
| 25 Nov 2019 | 100352407 | Others | ₹113 Cr | Satisfied | |
| 30 Jul 2019 | 100284444 | Indian Bank | ₹83.39 Lakh | Satisfied | |
| 20 Sep 2018 | 100219337 | Others | ₹125 Cr | Satisfied |
To see the full charge records of Desai Residency Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Desai Residency Private Limited has 6 deals on record (2 debt financings, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹113.28 Cr; the latest was in July 2020.
Total deals
6
Debt financings
2
Secondary share transfers
2
Rights issue
1
Funding round
1
Disclosed funding
₹113.28 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Debt financing | ₹9 Cr | Investors: Edelweiss Real Estate Advisors |
| Jan 2020 | Funding round | ₹28 Lakh | Investors: 4 individuals |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Westbury Construction Private Limited , 3 individuals Seller: Spark Builders and Infra Projects Private Limited |
| Oct 2018 | Rights issue | ₹9.9 Lakh | Investors: Spark Builders and Infra Projects Private Limited , Westbury Construction Private Limited , 2 individuals |
To see the full deal history of Desai Residency 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
Desai Residency Private Limited has 15 court cases on record: 7 filed by Desai Residency, 8 filed against it. 5 cases are pending and 10 are disposed.
Total cases
15
Filed by the company
7
Filed against the company
8
Pending
5
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 5 | 4 |
| District courts | 3 | 3 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Commercial suit | Filed against the company by Catalyst Trusteeship Limited | Disposed |
| Bombay High Court | Appeal | Filed against the company | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Company petition | Filed against the company by an individual | Pending |
To see the full case history of Desai Residency 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 Desai Residency Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Desai Residency Private Limited has a workforce of 10 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Employee growth
-62.96%
GST
Desai Residency has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCD8520K1ZF | Maharashtra | Active | 08 Nov 2018 |
To see the full GST registrations and return filing status of Desai Residency Private Limited, buy the company report.
Recent activity
Desai Residency Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Ranveer Ajay Desai ceased to be Additional Director on 29 Sep 2025.
AGM
Desai Residency Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Ranveer Ajay Desai ceased to be Additional Director.
Ceased
Pallavi Ajay Desai ceased to be Director.
Appointed
Ranveer Ajay Desai was appointed as Director.
Charges
A charge with Others amounted to Rs. 40,000.00 Lakh with Charge ID 101032078 was registered on 08 Jan 2025.
Ceased
Dattajirao Chudappa Desai ceased to be Director.
Ceased
Sarojini Dattajirao Desai ceased to be Director.
Charges
A charge registered on 25 Nov 2019 via Charge ID 100309665 with Others was fully satisfied on 04 Dec 2024.
Charges
A charge registered on 25 Nov 2019 via Charge ID 100352407 with Others was fully satisfied on 18 Nov 2024.
Charges
A charge registered on 30 Jul 2019 via Charge ID 100284444 with Indian Bank was fully satisfied on 25 Sep 2024.
Filing
Desai Residency Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 20 Sep 2018 via Charge ID 100219337 with Others was fully satisfied on 24 Aug 2020.
8 earlier events are in the company report.
Frequently asked questions
Desai Residency 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 20 September 2018 (8+ years old) and is registered under CIN U70109MH2018PTC314282.
Desai Residency has 2 current directors:
- Ranveer Ajay Desai - Director
- Ajay Dattajirao Desai - Director
The latest financial statements of Desai Residency on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Desai Residency is 27AAGCD8520K1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Desai Residency is U70109MH2018PTC314282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Desai Residency has 15 court cases on record: 7 filed by the company and 8 filed against it. 5 are pending. Most are in the high courts.
Desai Residency was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Desai Residency has 6 deals on record (2 debt financings, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹113.28 Cr; the latest was in July 2020.
Ranveer Ajay Desai ceased to be Additional Director on 29 Sep 2025. Pallavi Ajay Desai ceased to be Director on 22 Jan 2025. Ranveer Ajay Desai was appointed as Director on 21 Jan 2025. Desai Residency has 6 board changes on record in total.
Yes, Desai Residency is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0205945).