Hurun India Rich List 2026 edition · 1 director
- #478 Nikhil V Merchant ₹7,300 Cr
Revenue · FY 2025
₹31.48 Lakh
▲ 11% YoY
Net loss · FY 2025
₹1 Lakh
Net margin -3.2%
EBITDA · FY 2025
₹1.26 Lakh
EBITDA margin 4%
Authorised capital
₹70 Cr
Registered with MCA
Paid-up capital
₹70 Cr
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Gazdar Bandh Developers Private Limited
Data last updated:
Gazdar Bandh 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 22 March 2018 and has been in existence for over 8 years.
Its director Nikhil V Merchant is #478 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45209MH2018PTC306997. Its GSTIN is 27AAHCG2401M1ZN (Maharashtra).
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹70 Cr. It is led by directors Paresh Vasantlal Merchant and Nikhil Vasantlal Merchant.
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 2nd Floor 6 Feltham House 10 J.N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.48 Lakh, a growth of 11% compared to the previous year. For the same year it recorded a net loss of ₹1 Lakh (net margin -3.2%) and EBITDA of ₹1.26 Lakh (EBITDA margin 4%).
For more details, the company can be reached via its website swan.co.in.
Company Details of Gazdar Bandh Developers Private Limited
CIN U45209MH2018PTC306997
Registration Number 306997
Incorporation Date 22 March 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Gazdar Bandh Developers
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address2nd Floor 6 Feltham House 10 J.N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
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Business Activity of Gazdar Bandh Developers Private Limited
The main business activity of Gazdar Bandh Developers 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 |
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Financials of Gazdar Bandh Developers Private Limited FY 2025 filings available
Gazdar Bandh Developers Private Limited reported revenue of ₹31.48 Lakh (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹31.48 Lakh ▲ 11%
Net loss · FY 2025
₹1 Lakh margin -3.2%
EBITDA · FY 2025
₹1.26 Lakh margin 4%
Compounded Annual Growth Rate (CAGR) of Gazdar Bandh Developers Private Limited
Revenue CAGR growth
1 year
▲ 11%
EBITDA CAGR growth
1 year
▼ 93%
3 years · compounded
▲ 78%
5 years · compounded
▲ 43%
Revenue rose 11% in the latest year. EBITDA fell 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 of Gazdar Bandh Developers 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 | ₹1.26 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹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 Gazdar Bandh Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.2% | •••• | •••• | •••• | •••• |
| 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 Gazdar Bandh Developers are in the company report.
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Financial statements from FY 2018
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Board of Directors of Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paresh Vasantlal Merchant Also directs: Swan Corp Limited, Swan Defence and Heavy Industries Limited, Sahajanand Soaps and Chemicals Pvt Ltd and 5 more | Director | 22 Mar 2018 | 8 Years 6 Months | Current |
| Nikhil Vasantlal Merchant Also directs: Swan Corp Limited, Swan Defence and Heavy Industries Limited, Precision Asset Solutions Private Limited and 5 more | Director | 22 Mar 2018 | 8 Years 6 Months | Current |
Peer Comparison of Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers 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 |
|---|---|---|---|---|---|---|
| Bhatter Ceramics Private Limited | ₹31.5 Lakh (FY 2024) | •••• | •••• | 472.0% | •••• | Kolkata, West Bengal, India |
| Sampat Builders Private Limited | ₹31.49 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Bhubaneswar, Odisha, India |
| Ayush Conclave Private Limited | ₹31.49 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | Kolkata, West Bengal, India |
| Touch Beam Systems Private Limited | ₹31.49 Lakh (FY 2024) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Raji Infraspace Private Limited | ₹31.48 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Vadodara, Gujarat, India |
| Gazdar Bandh Developers Private Limited this company | ₹31.48 Lakh (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Sukhm Infrastructures Private Limited | ₹31.47 Lakh (FY 2019) | •••• | •••• | 4501.0% | •••• | Mohali, Punjab, India |
| Token Sales Private Limited | ₹31.47 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Inworkktics India Private Limited | ₹31.47 Lakh (FY 2025) | •••• | •••• | 275.0% | •••• | Gurugram, Haryana, India |
| Oceanides Pools and Spa Private Limited | ₹31.47 Lakh (FY 2019) | •••• | •••• | -32.0% | •••• | Bangalore, Karnataka, India |
| Gomtesh Realtors Private Limited | ₹31.46 Lakh (FY 2024) | •••• | •••• | 7.0% | •••• | Aurangabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Gazdar Bandh Developers 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 Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers Private Limited is audited by V. R. Renuka & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. R. Renuka & Co. | Locked | Locked | Locked |
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Ownership and Shareholding of Gazdar Bandh Developers Private Limited
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Charges & Borrowings of Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gazdar Bandh Developers Private Limited
Employment history and EPFO contributions of people linked to Gazdar Bandh Developers.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Nikhil Vasantlal Merchant was appointed as Director on 22 Mar 2018.
AGM
Gazdar Bandh Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Gazdar Bandh Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Nikhil Vasantlal Merchant was appointed as Director.
Appointed
Paresh Vasantlal Merchant was appointed as Director.
Incorporation
22 Mar 2018
Gazdar Bandh Developers Private Limited was registered on 22 Mar 2018 with Roc Mumbai I & aged 8 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Gazdar Bandh Developers Private Limited
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MSME Payment Delays by Gazdar Bandh Developers Private Limited
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Subsidiaries & Group Companies of Gazdar Bandh Developers Private Limited
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GST Compliance of Gazdar Bandh Developers Private Limited
Gazdar Bandh Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCG2401M1ZN | Maharashtra | Active | 24 Apr 2018 |
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MCA Filings & Documents of Gazdar Bandh Developers Private Limited
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Frequently Asked Questions about Gazdar Bandh Developers Private Limited
Gazdar Bandh 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 22 March 2018 (8+ years old) and is registered under CIN U45209MH2018PTC306997.
Gazdar Bandh Developers reported revenue of ₹31.48 Lakh for FY 2025 (up 11% YoY).
Gazdar Bandh Developers has 2 current directors:
- Paresh Vasantlal Merchant - Director
- Nikhil Vasantlal Merchant - Director
Gazdar Bandh Developers reported a net loss of ₹1 Lakh (net margin -3.2%) and EBITDA of ₹1.26 Lakh (EBITDA margin 4%) for FY 2025, as per its filed financial statements.
The GSTIN of Gazdar Bandh Developers is 27AAHCG2401M1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Gazdar Bandh Developers is U45209MH2018PTC306997. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gazdar Bandh Developers was incorporated on 22 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Gazdar Bandh Developers by revenue are Bhatter Ceramics Private Limited, Sampat Builders Private Limited, Ayush Conclave Private Limited, Touch Beam Systems Private Limited, Raji Infraspace Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Nikhil Vasantlal Merchant was appointed as Director on 22 Mar 2018. Paresh Vasantlal Merchant was appointed as Director on 22 Mar 2018.
Gazdar Bandh Developers can be reached through the website swan.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Gazdar Bandh Developers is at 2nd Floor 6 Feltham House 10 J.N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.