Dharmi Properties Private Limited
About Dharmi Properties Private Limited
Data last updated:
Dharmi Properties 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 27 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2008PTC179502. Its GSTIN is 27AABCL4379D1ZI (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.43 Lakh. It was formerly known as Linnet Properties and Developers Private Limited. It is led by directors Deepali Jignesh Shah and Jignesh Shah Vinodrai.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 414 Kailash Plaza Vallabh Baug Lane Ghatkopar (East), Mumbai, Maharashtra, India – 400077.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.5 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹78.02 Lakh (net margin 4.7%) and EBITDA of ₹4.61 Cr (EBITDA margin 27.9%). Revenue has grown at a compounded annual rate (CAGR) of 204% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹5 Cr on record. Court records list 11 cases involving the company, including 1 filed by the company and 10 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address414 Kailash Plaza Vallabh Baug Lane Ghatkopar (East), Mumbai, Maharashtra, India – 400077
- 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 Dharmi Properties Private Limited
The main business activity of Dharmi Properties is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | 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 Dharmi Properties Private Limited FY 2025 filings available
Dharmi Properties Private Limited reported revenue of ₹16.5 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dharmi Properties Private Limited
Revenue fell 18% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 91% 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 Dharmi Properties 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 | ₹4.61 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78.02 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 Dharmi Properties Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 Dharmi Properties 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 Dharmi Properties Private Limited
Dharmi Properties 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 |
|---|---|---|---|---|---|---|
| Globuse Realtors Private Limited | ₹16.55 Cr (FY 2025) | •••• | •••• | 178.0% | •••• | Coimbatore, Tamil Nadu, India |
| Galaxy Dream Home Developers Private Limited | ₹16.53 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| Mahalakshmi Associates Private Limited | ₹16.53 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Chennai, Tamil Nadu, India |
| Fenkin Infraventures Private Limited | ₹16.52 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Unique Infraspace Private Limited | ₹16.5 Cr (FY 2025) | •••• | •••• | 1682.0% | •••• | Ahmedabad, Gujarat, India |
| Dharmi Properties Private Limited this company | ₹16.5 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Mumbai, Maharashtra, India |
| Navya Infracon Projects India Private Limited | ₹16.49 Cr (FY 2018) | •••• | •••• | -39.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Supertech Township Project Limited | ₹16.48 Cr (FY 2020) | •••• | •••• | -40.0% | •••• | New Delhi, Delhi, India |
| Rajarani Homes Private Limited | ₹16.48 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Berhampur, Odisha, India |
| Moss Realtors Private Limited | ₹16.48 Cr (FY 2024) | •••• | •••• | -75.0% | •••• | Mumbai, Maharashtra, India |
| Chennai Smart City Limited | ₹16.48 Cr (FY 2022) | •••• | •••• | -18.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Dharmi Properties 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 Dharmi Properties Private Limited
Dharmi Properties Private Limited is audited by A D C A & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A D C A & 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 Dharmi Properties Private Limited
Dharmi Properties has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepali Jignesh Shah Also directs: Dharmi Developers LLP | Director | 28 Mar 2008 | 18 Years 6 Months | Current |
| Jignesh Shah Vinodrai | Director | 28 Mar 2008 | 18 Years 6 Months | Current |
Ownership and Shareholding of Dharmi Properties 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 Dharmi Properties Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 May 2024 | Others | ₹11 Cr | Open |
| 25 Jul 2022 | Others | ₹20 Cr | Open |
| 03 Jun 2016 | Others | ₹2 Cr | Satisfied |
| 08 Nov 2014 | Oriental Bank of Commerce | ₹3 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Dharmi Properties Private Limited
Dharmi Properties Private Limited has 11 court cases on record: 1 filed by Dharmi Properties, 10 filed against it. 1 case is pending and 10 are disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 0 |
| High courts | 2 | 1 | 1 |
Cases on record (3 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by L.A N/ Ward (License Department) | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Neelkanth Dhara Co Operative Housing Soc Limited | Disposed |
Full case history
All 11 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.
Employees and EPFO Compliance at Dharmi Properties Private Limited
Employment history and EPFO contributions of people linked to Dharmi Properties.
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.
Recent Activity on Dharmi Properties Private Limited
Dharmi Properties Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Dharmi Jignesh Shah ceased to be Director on 23 Apr 2018.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dharmi Properties 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.
MSME Payment Delays by Dharmi Properties Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Dharmi Properties 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 Dharmi Properties Private Limited
Dharmi Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL4379D1ZI | 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 Dharmi Properties 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 Dharmi Properties Private Limited
Dharmi Properties 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 27 February 2008 (18+ years old) and is registered under CIN U70102MH2008PTC179502.
Dharmi Properties reported revenue of ₹16.5 Cr for FY 2025 (down 18% YoY).
Dharmi Properties has 2 current directors:
- Deepali Jignesh Shah - Director
- Jignesh Shah Vinodrai - Director
Dharmi Properties reported a net profit of ₹78.02 Lakh (net margin 4.7%) and EBITDA of ₹4.61 Cr (EBITDA margin 27.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dharmi Properties is 204% over three years and 24% over five years. In the latest year (FY 2025) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dharmi Properties is 27AABCL4379D1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dharmi Properties is U70102MH2008PTC179502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dharmi Properties has 11 court cases on record: 1 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Dharmi Properties was incorporated on 27 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Dharmi Properties by revenue are Globuse Realtors Private Limited, Galaxy Dream Home Developers Private Limited, Mahalakshmi Associates Private Limited, Fenkin Infraventures Private Limited, Unique Infraspace Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Dharmi Jignesh Shah ceased to be Director on 23 Apr 2018. Asha Sagar Ruparelia ceased to be Director on 16 Sep 2008. Sagar Bipinchandra Ruparelia ceased to be Director on 16 Sep 2008. Dharmi Properties has 5 board changes on record in total.