Flooraise Developers Private Limited
About Flooraise Developers Private Limited
Data last updated:
Flooraise Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2005PTC158340. Its GSTIN is 27AAACF9588R1ZJ (Maharashtra).
The company has an authorised share capital of ₹325.05 Cr and a paid-up capital of ₹250.13 Cr. It is led by directors including Viral Kantilal Thakker and Sandeep Jaiswal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.42 Cr. For the same year it recorded a net loss of ₹2.65 Cr (net margin -16.1%) and EBITDA of -₹2.65 Cr (EBITDA margin -16.1%). Revenue has grown at a compounded annual rate (CAGR) of 137% over five years.
As per MCA filings, the company has open charges of ₹1,135 Cr and satisfied charges of ₹4,426.45 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹334.75 Cr; the latest was in September 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Flooraise Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressSp Centre 41/44, Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Flooraise 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 Flooraise 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 Flooraise Developers Private Limited
FY 2025 filings availableFlooraise Developers Private Limited reported revenue of ₹16.42 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 137% over five years. EBITDA fell 855% 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 |
|---|---|---|---|---|---|
| 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 | -₹2.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.65 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 | -16.1% | ||||
| Net Profit Margin | -16.1% | ||||
| 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 Flooraise Developers Private Limited, buy the company report.
Board of directors of Flooraise Developers Private Limited
Flooraise Developers has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viral Kantilal Thakker | Director | 06 May 2019 | 7 Years 6 Months | Current |
| Sandeep Jaiswal Also directs: Shapoorji Pallonji (Gwalior) Private Limited, Floreat Investments Private Limited, Gossip Properties Private Limited and 1 more | Director | 12 May 2023 | 3 Years 6 Months | Current |
| Shashank Dattaram Mohite | Director | 24 Aug 2023 | 3 Years 2 Months | Current |
Auditor
Flooraise Developers Private Limited is audited by PRATAP THAKKER & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRATAP THAKKER & CO | FY 2021 | 108142W |
Shareholding
The shareholding of Flooraise Developers Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Flooraise Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2025 | 101129077 | Others | ₹560 Cr | Open | |
| 30 Jul 2024 | 100973791 | Others | ₹35 Cr | Open | |
| 12 Oct 2020 | 100391200 | Others | ₹540 Cr | Open | |
| 27 Mar 2025 | 101081706 | Others | ₹20 Cr | Satisfied | |
| 13 Jan 2023 | 100671910 | Others | ₹140 Cr | Satisfied |
To see the full charge records of Flooraise Developers Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Flooraise Developers Private Limited has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹334.75 Cr; the latest was in September 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Funding round | ₹84.75 Cr | Investors: an individual |
| Nov 2018 | Funding round | ₹250 Cr | Investors: Roche Holdings Limited |
| Mar 2011 | Acquisition | ₹4 Lakh | Buyer: Shapoorji Pallonji and Company Private Limited |
| Nov 2010 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji and Company Private Limited , Shapoorji Pallonji & Company Limited & Jimmy Jehangir Parakh, Shapoorji Pallonji & Company Limited & Roshen M Nentin Seller: Sterling Investment Corporation Private Limited , Sterling Investment Corporation Private Limited & Roshen M Nentin, Sterling Investment Corporation Private Limited & Jimmy Jehangir Parakh |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Flooraise Developers Private Limited has 3 court cases on record: 2 filed by Flooraise Developers, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Union of India | Pending |
| Bombay High Court | Court case (S) | Filed by the company against an individual | Disposed |
To see the full case history of Flooraise 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 Flooraise Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flooraise Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACF9588R1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Flooraise Developers Private Limited, buy the company report.
Recent activity
Flooraise Developers Private Limited has 15 board changes on record since 2008: 3 appointments and 12 cessations. The latest: Sandeep Jaiswal ceased to be Additional Director on 04 Sep 2023.
19 earlier events are in the company report.
Frequently asked questions
Flooraise 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 27 December 2005 (21+ years old) and is registered under CIN U45200MH2005PTC158340.
Flooraise Developers has 3 current directors:
- Viral Kantilal Thakker - Director
- Sandeep Jaiswal - Director
- Shashank Dattaram Mohite - Director
The latest financial statements of Flooraise Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Flooraise Developers is 27AAACF9588R1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Flooraise Developers is U45200MH2005PTC158340. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flooraise Developers has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Flooraise Developers was incorporated on 27 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Flooraise Developers has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹334.75 Cr; the latest was in September 2019.
Sandeep Jaiswal ceased to be Additional Director on 04 Sep 2023. Shashank Dattaram Mohite ceased to be Additional Director on 04 Sep 2023. Shashank Dattaram Mohite was appointed as Director on 24 Aug 2023. Flooraise Developers has 15 board changes on record in total.
The registered office of Flooraise Developers is at Sp Centre 4144, Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
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.
