Garvita Developers Private Limited
About Garvita Developers Private Limited
Data last updated:
Garvita Developers 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 23 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2010PTC200365.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Darshan Vikram Shah and Vikram Navalchand Shah.
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 603/604 Mahavir Apartment S.P. Nagar Mulund (W) Mumbai 400080, Maharashtra, India – 400080.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.73 Lakh, a growth of 112% compared to the previous year. For the same year it recorded a net profit of ₹9.1 Lakh (net margin 41.9%) and EBITDA of ₹9.81 Lakh (EBITDA margin 45.1%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address603/604 Mahavir Apartment S.P. Nagar Mulund (W) Mumbai 400080, Maharashtra, India – 400080
- 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 Garvita Developers Private Limited
The main business activity of Garvita Developers is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | 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 Garvita Developers Private Limited FY 2025 filings available
Garvita Developers Private Limited reported revenue of ₹21.73 Lakh (up 112% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Garvita Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 52% over three years, including 112% growth in the latest year. EBITDA rose 932% 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 Garvita Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹9.81 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.1 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 Garvita Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 41.9% | •••• | •••• | •••• | •••• |
| 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 Garvita Developers 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 Garvita Developers Private Limited
Garvita Developers Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services, Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fincore Workspace Private Limited | ₹21.75 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Logisys Advisors Private Limited | ₹21.74 Lakh (FY 2025) | •••• | •••• | -55.0% | •••• | Mumbai, Maharashtra, India |
| Fast1credit Digitech Private Limited | ₹21.74 Lakh (FY 2024) | •••• | •••• | 137.0% | •••• | Lucknow, Uttar Pradesh, India |
| Implex I T Park Private Limited | ₹21.73 Lakh (FY 2025) | •••• | •••• | 92.0% | •••• | Delhi, India |
| Rajam Enterprises Private Limited | ₹21.73 Lakh (FY 2019) | •••• | •••• | -93.0% | •••• | Bangalore, Karnataka, India |
| Garvita Developers Private Limited this company | ₹21.73 Lakh (FY 2024) | •••• | •••• | 112.0% | •••• | Mumbai, Maharashtra, India |
| Servbiz Solutions and Services Private Limited | ₹21.72 Lakh (FY 2025) | •••• | •••• | 28.0% | •••• | Bangalore, Karnataka, India |
| Adimali United Chitty Funds Private Limited | ₹21.72 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Adimali P O, Kerala, India |
| Pawan Horticulture Pvt Ltd | ₹21.72 Lakh (FY 2025) | •••• | •••• | 27.0% | •••• | Raipur, Chhattisgarh, India |
| Cogent Tradecom Private Limited | ₹21.72 Lakh (FY 2025) | •••• | •••• | -87.0% | •••• | Kolkata, West Bengal, India |
| Garden Towers Private Limited | ₹21.71 Lakh (FY 2024) | •••• | •••• | 2773.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Garvita Developers by revenue in the BFSI industry (Other Financial Services, Real Estate Leasing), 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 Garvita Developers Private Limited
Garvita Developers Private Limited is audited by AVNI DOSHI & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AVNI DOSHI & 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 Garvita Developers Private Limited
Garvita Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Vikram Shah | Director | 16 Oct 2018 | 7 Years 11 Months | Current |
| Vikram Navalchand Shah | Director | 21 Dec 2013 | 12 Years 9 Months | Current |
Ownership and Shareholding of Garvita Developers 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 Garvita Developers Private Limited
Garvita Developers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Garvita Developers Private Limited
Employment history and EPFO contributions of people linked to Garvita Developers.
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 Garvita Developers Private Limited
Garvita Developers Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Vaibhav Suresh Shah ceased to be Director on 17 Oct 2018.
Credit Ratings, Litigation & Regulatory Alerts for Garvita Developers 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 Garvita Developers 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 Garvita Developers 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 Garvita Developers Private Limited
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 Garvita Developers 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 Garvita Developers Private Limited
Garvita 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 23 February 2010 (16+ years old) and is registered under CIN U45400MH2010PTC200365.
Garvita Developers reported revenue of ₹21.73 Lakh for FY 2024 (up 112% YoY).
Garvita Developers has 2 current directors:
- Darshan Vikram Shah - Director
- Vikram Navalchand Shah - Director
Garvita Developers reported a net profit of ₹9.1 Lakh (net margin 41.9%) and EBITDA of ₹9.81 Lakh (EBITDA margin 45.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garvita Developers is 52% over three years. In the latest year (FY 2024) revenue rose 112%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Garvita Developers is U45400MH2010PTC200365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garvita Developers was incorporated on 23 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Garvita Developers by revenue are Fincore Workspace Private Limited, Logisys Advisors Private Limited, Fast1credit Digitech Private Limited, Implex I T Park Private Limited, Rajam Enterprises Private Limited and 5 more, all in the BFSI industry (Other Financial Services, Real Estate Leasing).
Vaibhav Suresh Shah ceased to be Director on 17 Oct 2018. Darshan Vikram Shah was appointed as Director on 16 Oct 2018. Vikram Navalchand Shah ceased to be Additional Director on 28 Dec 2013. Garvita Developers has 8 board changes on record in total.
The registered office of Garvita Developers is at 603604 Mahavir Apartment S.P. Nagar Mulund W Mumbai 400080, Maharashtra, India – 400080.
Garvita Developers has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh.