Heet Builders Private Limited
About Heet Builders Private Limited
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Heet Builders Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hubtown Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 August 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH1985PTC037030. Its GSTIN is 27AAACV4005F1ZQ (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Vaishnavi Builders and Developers Pvt Ltd. It is led by directors Jayeshkumar Mukesh Jain and Sunil Jitendra 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 A – 602 Flr 6th Plot – 328/10 A Wing Hubtown Heaven Bit Chs Bhau Daji Road Matunga, Mumbai, Maharashtra, India – 400019.
As per the financials filed for FY 2025, the company reported a revenue of ₹165 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹266.11 Cr (net margin -161.3%) and EBITDA of -₹240.08 Cr (EBITDA margin -145.5%). Revenue has grown at a compounded annual rate (CAGR) of 45% over five years.
As per MCA filings, the company has open charges of ₹480 Cr and satisfied charges of ₹190 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Heet Builders Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 602 Flr 6th Plot – 328/10 A Wing Hubtown Heaven Bit Chs Bhau Daji Road Matunga, Mumbai, Maharashtra, India – 400019
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Heet Builders 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 Heet Builders is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Heet Builders Private Limited, buy the company report.
Financials of Heet Builders Private Limited
FY 2025 filings availableHeet Builders Private Limited reported revenue of ₹165 Cr (up 166% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 166% growth 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 | -₹240.08 Cr | ||||
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| Net Profit (PAT) | -₹266.11 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 | -145.5% | ||||
| Net Profit Margin | -161.3% | ||||
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To see the full financial statements and ratios of Heet Builders Private Limited, buy the company report.
Board of directors of Heet Builders Private Limited
Heet Builders has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshkumar Mukesh Jain Also directs: Hubtown Haven Hills LLP, Sita Power Limited, Vega Developers Private Limited and 5 more | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Sunil Jitendra Shah | Director | 15 Mar 2021 | 5 Years 7 Months | Current |
Auditor
Heet Builders Private Limited is audited by A.D.Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.D.Sheth & Associates | FY 2023 | 0134274W |
Shareholding
The shareholding of Heet Builders Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Heet Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2020 | 100405087 | Others | ₹15 Cr | Open | |
| 12 Mar 2019 | 100249805 | Others | ₹35 Cr | Open | |
| 07 Mar 2019 | 100252890 | Others | ₹170 Cr | Open | |
| 31 Mar 2016 | 100033180 | Others | ₹260 Cr | Open | |
| 24 Aug 2015 | 10593707 | Edelweiss Housing Finance Limited | ₹45 Cr | Satisfied |
To see the full charge records of Heet Builders Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Heet Builders Private Limited has 14 court cases on record: 2 filed by Heet Builders, 12 filed against it. 7 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 5 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by an individual | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Jyoti Kore Through Income Tax Dept | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Heet Builders 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
Heet Builders Private Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 66 overdue payments to 15 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 (5 of 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Power Post | |||
| Allcon & Allcon | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Heet Builders Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Heet Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4005F1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Heet Builders Private Limited, buy the company report.
Recent activity
Heet Builders Private Limited has 20 board changes on record since 2009: 2 appointments and 18 cessations. The latest: Jayeshkumar Mukesh Jain ceased to be Additional Director on 29 Sep 2024.
21 earlier events are in the company report.
Frequently asked questions
Heet Builders 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 01 August 1985 (41+ years old) and is registered under CIN U70102MH1985PTC037030.
Heet Builders has 2 current directors:
- Jayeshkumar Mukesh Jain - Director
- Sunil Jitendra Shah - Director
The latest financial statements of Heet Builders 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 Heet Builders is 27AAACV4005F1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Heet Builders is U70102MH1985PTC037030. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heet Builders has 14 court cases on record: 2 filed by the company and 12 filed against it. 7 are pending. Most are in the district courts.
Heet Builders was incorporated on 01 August 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayeshkumar Mukesh Jain ceased to be Additional Director on 29 Sep 2024. Jayeshkumar Mukesh Jain was appointed as Director on 01 Aug 2024. Sunil Jitendra Shah ceased to be Additional Director on 30 Nov 2021. Heet Builders has 20 board changes on record in total.
Heet Builders has 16 MSME Form 1 returns on record between 2019 and 2023, listing 66 overdue payments to 15 micro and small suppliers. The latest return was filed on 15 Dec 2023.
The registered office of Heet Builders is at A – 602 Flr 6th Plot – 32810 A Wing Hubtown Heaven Bit Chs Bhau Daji Road Matunga, Mumbai, Maharashtra, India – 400019.
Heet Builders operates in the real estate and construction industry, in the real estate builders and developers segment.