About Heritage Lifestyles & Developers Private Limited
Data last updated:
Heritage Lifestyles & 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 12 March 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2009PTC190870. Its GSTIN is 27AACCH1921N1ZI (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.01 Lakh. It is led by directors including Girish Partabrai Gangwani (Managing Director) and Deepak Somashekhar Shetty.
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 2024, the company reported a revenue of ₹8.53 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹4.59 Cr (net margin -53.8%) and EBITDA of -₹1.15 Cr (EBITDA margin -13.4%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 21% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹90.75 Cr and satisfied charges of ₹121.6 Cr on record. Court records list 18 cases involving the company, including 6 filed by the company and 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heritagelifestyles.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address401 A Fourth Floor Heritage House Plot No. 29 D. K. Sandu Marg Chembur E, Ast, Mumbai, Maharashtra, India – 400071
- 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 Heritage Lifestyles & Developers Private Limited
The main business activity of Heritage Lifestyles & Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Heritage Lifestyles & Developers Private Limited FY 2025 filings available
Heritage Lifestyles & Developers Private Limited reported revenue of ₹8.53 Cr (up 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Heritage Lifestyles & Developers Private Limited
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA fell 213% 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 Heritage Lifestyles & 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 | -₹1.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.59 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 of Heritage Lifestyles & Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -53.8% | •••• | •••• | •••• | •••• |
| 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 Heritage Lifestyles & 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 Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & 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 |
|---|---|---|---|---|---|---|
| Shree Maa Gayatri Construction Private Limited | ₹8.54 Cr (FY 2025) | •••• | •••• | 108.0% | •••• | Pune, Maharashtra, India |
| Rudra Realtech Private Limited | ₹8.54 Cr (FY 2025) | •••• | •••• | 178.0% | •••• | Kanpur, Uttar Pradesh, India |
| Upkar Residences Private Limited | ₹8.54 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Karnataka, India |
| Aco Developers Private Limited | ₹8.53 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | New Delhi, Delhi, India |
| Vinyaas Project Private Limited | ₹8.53 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Bangalore, Karnataka, India |
| Heritage Lifestyles & Developers Private Limited this company | ₹8.53 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Sri Bhadradri Rama Infrastructures Private Limited | ₹8.52 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Hyderabad, Telangana, India |
| Bhatia Estates Private Limited | ₹8.52 Cr (FY 2025) | •••• | •••• | 146.0% | •••• | Delhi, India |
| HMC Multitrade Private Limited | ₹8.52 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Pilibhit, Uttar Pradesh, India |
| Echo Buildtech Limited | ₹8.52 Cr (FY 2025) | •••• | •••• | 4708.0% | •••• | New Delhi, Delhi, India |
| Ajb Ventures Private Limited | ₹8.52 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Jalna, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Heritage Lifestyles & 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 Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers Private Limited is audited by AGRAWAL & AGRAWAL ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AGRAWAL & AGRAWAL 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 Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Somashekhar Shetty Also directs: Smera Homes LLP, Heritage Northstar Properties LLP | Director | 08 May 2021 | 5 Years 5 Months | Current |
| Pradeep Somashekar Shetty Also directs: Heritage Lifestyles Limited Liability Partnership, Smera Homes LLP, Smayan Properties LLP and 5 more | Director | 12 Mar 2009 | 17 Years 6 Months | Current |
| Girish Partabrai Gangwani Also directs: Heritage Lifestyles Limited Liability Partnership, Smera Homes LLP, Smayan Properties LLP and 3 more | Managing Director | 12 Mar 2009 | 17 Years 6 Months | Current |
Ownership and Shareholding of Heritage Lifestyles & 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 Heritage Lifestyles & Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jul 2025 | Others | ₹50 Cr | Open |
| 06 May 2025 | Others | ₹22.75 Cr | Open |
| 17 Nov 2023 | Others | ₹15 Cr | Open |
| 19 Jun 2015 | The Catholic Syrian Bank Ltd | ₹3 Cr | Open |
| 29 May 2023 | Others | ₹10 Cr | Satisfied |
Total charge records: 21 View all charges
Legal Cases of Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers Private Limited has 18 court cases on record: 6 filed by Heritage Lifestyles & Developers, 6 filed against it, 6 where it is another party. 1 case is pending and 17 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 0 |
| Supreme Court | 5 | 2 | 0 |
| District courts | 4 | 2 | 1 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Company is another party | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.I) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Madhugiri Co-Operative Housing Society Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Company is another party | Disposed |
Full case history
All 18 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers Private Limited has 5 MSME Form 1 returns on record between 2020 and 2024, listing 71 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Heena Corporation | •••• | •••• | •••• |
| Saraswati Buildchem LLP | •••• | •••• | •••• |
| Buildon Plasters Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers Private Limited has a workforce of 3 employees as of Apr 08, 2024.
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.
News related to Heritage Lifestyles & Developers Private Limited
Recent Activity on Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers Private Limited has 7 board changes on record since 2009: 3 appointments and 4 cessations. The latest: Deepak Somashekhar Shetty was appointed as Director on 08 May 2021.
41 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Heritage Lifestyles & 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.
Subsidiaries & Group Companies of Heritage Lifestyles & 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 Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH1921N1ZI | Maharashtra | Active | 01 Jul 2017 |
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 Heritage Lifestyles & 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 Heritage Lifestyles & Developers Private Limited
Heritage Lifestyles & 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 12 March 2009 (17+ years old) and is registered under CIN U70102MH2009PTC190870.
Heritage Lifestyles & Developers reported revenue of ₹8.53 Cr for FY 2024 (up 13% YoY).
Heritage Lifestyles & Developers has 3 current directors:
- Girish Partabrai Gangwani - Managing Director
- Deepak Somashekhar Shetty - Director
- Pradeep Somashekar Shetty - Director
Heritage Lifestyles & Developers reported a net loss of ₹4.59 Cr (net margin -53.8%) and EBITDA of -₹1.15 Cr (EBITDA margin -13.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Heritage Lifestyles & Developers is -42% over three years and -21% over five years. In the latest year (FY 2024) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Heritage Lifestyles & Developers is 27AACCH1921N1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Heritage Lifestyles & Developers is U70102MH2009PTC190870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heritage Lifestyles & Developers has 18 court cases on record: 6 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Heritage Lifestyles & Developers was incorporated on 12 March 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Heritage Lifestyles & Developers by revenue are Shree Maa Gayatri Construction Private Limited, Rudra Realtech Private Limited, Upkar Residences Private Limited, Aco Developers Private Limited, Vinyaas Project Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Deepak Somashekhar Shetty was appointed as Director on 08 May 2021. Girish Partabrai Gangwani ceased to be Director on 08 May 2021. Pradeep Somashekar Shetty ceased to be Director on 07 May 2021. Heritage Lifestyles & Developers has 7 board changes on record in total.
Heritage Lifestyles & Developers has 5 MSME Form 1 returns on record between 2020 and 2024, listing 71 overdue payments to 11 micro and small suppliers. The latest return was filed on 03 May 2024.