Giraffe Developers Private Limited
About Giraffe Developers Private Limited
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Giraffe 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 25 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2006PTC159247. Its GSTIN is 27AACCN2778D1ZG (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹10.2 Lakh. It was formerly known as Netzone Developers Private Limited and Netzone Multitrade Private Limited. It is led by directors Jayeshkumar Mukesh Jain and Pandharinath Maloji Thakur.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.59 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹14.93 Cr (net margin -325.2%) and EBITDA of ₹2.37 Cr (EBITDA margin 51.6%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 44% over five years.
The company is associated with 1 brand: Hubtown. As per MCA filings, the company has satisfied charges of ₹593 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Giraffe Developers has undergone 2 name changes throughout its history. The company was previously known as Netzone Developers Private Limited, and Netzone Multitrade Private Limited. The current legal name is Giraffe Developers Private Limited.
| Company Name | Status |
|---|---|
| Giraffe Developers Private Limited | Current |
| Netzone Developers Private Limited | Previous |
| Netzone Multitrade Private Limited | Previous |
Contact details
Giraffe Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGround Floor Bms Office Common Ackruti Star Pocket – 5 Central Road Marol MIDC An, Dheri East, Mumbai, Maharashtra, India – 400093
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Giraffe 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
Brands
Giraffe Developers operates one associated brand: Hubtown. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate development services | hubtown.co.in |
Business activity
The main business activity of Giraffe 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 |
To see the full business activity and turnover split of Giraffe Developers Private Limited, buy the company report.
Financials of Giraffe Developers Private Limited
FY 2024 filings availableGiraffe Developers Private Limited reported revenue of ₹4.59 Cr (down 84% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 84% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA fell 83% 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 | ₹2.37 Cr | ||||
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| Net Profit (PAT) | -₹14.93 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.6% | ||||
| Net Profit Margin | -325.2% | ||||
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To see the full financial statements and ratios of Giraffe Developers Private Limited, buy the company report.
Board of directors of Giraffe Developers Private Limited
Giraffe Developers has 2 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshkumar Mukesh Jain Also directs: Nayan Real Estate Private Limited, Brainpoint Infotech Private Limited, Hubtown Haven Hills LLP and 5 more | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Pandharinath Maloji Thakur Also directs: Amazia Developers Private Limited, Distinctive Realty Private Limited, Hubtowncentral Private Limited and 5 more | Director | 31 Aug 2024 | 2 Years 1 Months | Current |
Peer comparison
Giraffe Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bluevalley Properties Private Limited | ₹4.59 Cr (FY 2020) | 66.0% | Bangalore, Karnataka, India | |||
| Marutinandan Capital Private Limited | ₹4.59 Cr (FY 2025) | 386.0% | Ahmedabad, Gujarat, India | |||
| Giraffe Developers Private Limitedthis company | ₹4.59 Cr (FY 2025) | -₹14.93 Cr | -325.2% | -84.0% | Mumbai, Maharashtra, India | |
| Sita Niwas Pvt Ltd | ₹4.59 Cr (FY 2025) | -23.0% | New Delhi, Delhi, India |
To see the full peer comparison of Giraffe Developers Private Limited, buy the company report.
Auditor
Giraffe Developers Private Limited is audited by Parashar Darji & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Parashar Darji & Co | FY 2023 | 142844W |
Shareholding
The shareholding of Giraffe Developers 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 Giraffe Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2015 | 10598148 | Others | ₹100 Cr | Satisfied | |
| 09 Dec 2013 | 10465094 | Il & Fs Trust Company Limited | ₹128 Cr | Satisfied | |
| 28 Dec 2011 | 10332203 | Future Capital Holdings Limited | ₹110 Cr | Satisfied | |
| 25 Mar 2011 | 10278527 | Future Capital Holdings Limited | ₹105 Cr | Satisfied | |
| 03 Dec 2009 | 10192949 | Punjab National Bank | ₹50 Cr | Satisfied |
To see the full charge records of Giraffe Developers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Giraffe Developers Private Limited has 14 court cases on record: 2 filed by Giraffe Developers, 12 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 12 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CNPCP) | Filed against the company by Vistra Itcl (India) Limited | Disposed |
| Bombay High Court | Court case (CARAP) | Filed by the company against Citywood Builders Private Limited and 5 others | Disposed |
| Bombay High Court | Court case (CNPCP) | Filed against the company by Vistra Itcl(India) Limited | Disposed |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 1 | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax Central Circle 7 ( and 5 others | Disposed |
To see the full case history of Giraffe 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
Giraffe Developers Private Limited has 11 MSME Form 1 returns on record between 2017 and 2023, listing 29 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Doshi Doshi & Associates | |||
| Allcon & Allcon |
To see the full MSME payment records of Giraffe Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Giraffe Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN2778D1ZG | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Giraffe Developers Private Limited, buy the company report.
Recent activity
Giraffe Developers Private Limited has 26 board changes on record since 2007: 2 appointments and 24 cessations. The latest: Jayeshkumar Mukesh Jain ceased to be Additional Director on 29 Sep 2024.
30 earlier events are in the company report.
Frequently asked questions
Giraffe 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 25 January 2006 (20+ years old) and is registered under CIN U51900MH2006PTC159247.
Giraffe Developers has 2 current directors:
- Jayeshkumar Mukesh Jain - Director
- Pandharinath Maloji Thakur - Director
The latest financial statements of Giraffe Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Giraffe Developers is 27AACCN2778D1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Giraffe Developers is U51900MH2006PTC159247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Giraffe Developers has 14 court cases on record: 2 filed by the company and 12 filed against it. 1 is pending.
Giraffe Developers was incorporated on 25 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Giraffe Developers by revenue are Bluevalley Properties Private Limited, Marutinandan Capital Private Limited, Sita Niwas Pvt Ltd, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Jayeshkumar Mukesh Jain ceased to be Additional Director on 29 Sep 2024. Pandharinath Maloji Thakur ceased to be Additional Director on 29 Sep 2024. Pandharinath Maloji Thakur was appointed as Director on 31 Aug 2024. Giraffe Developers has 26 board changes on record in total.
Giraffe Developers has 11 MSME Form 1 returns on record between 2017 and 2023, listing 29 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Giraffe Developers is at Ground Floor Bms Office Common Ackruti Star Pocket – 5 Central Road Marol MIDC An, Dheri East, Mumbai, Maharashtra, India – 400093.
Giraffe Developers operates in the real estate and construction industry, in the real estate builders and developers segment.