About Hicons Developers Private Limited
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Hicons 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 06 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2010PTC208668. Its GSTIN is 27AACCH5179E2ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Nadeem Lakdawala Abdul Sattar and Mohamed Rafique Mohamed Nazir Shaikh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at B/201 Leo 24th Road Khar West, Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2021, the company reported a revenue of ₹36,081, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹15.51 Lakh and EBITDA of -₹13.85 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 93% over three years.
As per MCA filings, the company has satisfied charges of ₹18.5 Cr on record. Court records list 60 cases involving the company, including 10 filed by the company and 50 filed against it; 29 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website hicons.in.
Company details
Contact details
Hicons Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is hicons.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressB/201 Leo 24th Road Khar West, Mumbai, Maharashtra, India – 400052
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Hicons 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
Business activity
The main business activity of Hicons Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
Financials of Hicons Developers Private Limited
FY 2021 filings availableHicons Developers Private Limited reported revenue of ₹36,081 (down 99% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 93% over three years, including a 99% fall in the latest year. EBITDA fell 363% 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
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| EBITDA | -₹13.85 Lakh | ||||
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| Net Profit (PAT) | -₹15.51 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Hicons Developers Private Limited, buy the company report.
Board of directors of Hicons Developers Private Limited
Hicons Developers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nadeem Lakdawala Abdul Sattar | Director | 06 Oct 2010 | 16 Years 0 Months | Current |
| Mohamed Rafique Mohamed Nazir Shaikh | Director | 06 Oct 2010 | 16 Years 0 Months | Current |
| Khalid Vasaiwala Mustafa Also directs: Alwani Textile Mills Pvt Ltd, Tejal Minerals and Grinders Private Limited, Indocon Contracting Company Private Limited and 1 more | Director | 11 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Hicons 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pushpkiran Builders Private Limited | ₹36,103 (FY 2025) | -17.0% | Nayaganj, Uttar Pradesh, India | |||
| Hicons Developers Private Limitedthis company | ₹36,081 (FY 2021) | -₹15.51 Lakh | -99.0% | Mumbai, Maharashtra, India | ||
| Elect Devcon Private Limited | ₹36,079 (FY 2025) | 94845.0% | Kolkata, West Bengal, India | |||
| Bestin Developers Private Limited | ₹36,035 (FY 2025) | 0.0% | Delhi, India |
To see the full peer comparison of Hicons Developers Private Limited, buy the company report.
Auditor
Hicons Developers Private Limited is audited by A P & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P & CO | FY 2019 | 100040W |
Shareholding
The shareholding of Hicons Developers Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hicons Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2011 | 10316272 | Allahabad Bank | ₹18.5 Cr | Satisfied |
To see the full charge records of Hicons Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Hicons Developers Private Limited has 60 court cases on record: 10 filed by Hicons Developers, 50 filed against it. 29 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 23 | 8 |
| District courts | 28 | 24 | 20 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by Rensar Infra Private Limited | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Universal Import Export and Hospitality Pvt Ltd | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Universal Import Export and Hospitality Private Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Pagarani Universal Infrastructure Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Rensar Infra Private Limited | Disposed |
To see the full case history of Hicons 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
No delayed payments to MSME suppliers are on our record for Hicons Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hicons Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH5179E2ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hicons Developers Private Limited, buy the company report.
Recent activity
Hicons Developers Private Limited has 9 board changes on record since 2010: 3 appointments and 6 cessations. The latest: Khalid Vasaiwala Mustafa was appointed as Director on 11 Dec 2021.
2 earlier events are in the company report.
Frequently asked questions
Hicons 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 06 October 2010 (16+ years old) and is registered under CIN U45203MH2010PTC208668.
Hicons Developers has 3 current directors:
- Nadeem Lakdawala Abdul Sattar - Director
- Mohamed Rafique Mohamed Nazir Shaikh - Director
- Khalid Vasaiwala Mustafa - Director
The latest financial statements of Hicons Developers on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Hicons Developers is 27AACCH5179E2ZI, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Hicons Developers is U45203MH2010PTC208668. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hicons Developers has 60 court cases on record: 10 filed by the company and 50 filed against it. 29 are pending. Most are in the high courts.
Hicons Developers was incorporated on 06 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Hicons Developers by revenue are Pushpkiran Builders Private Limited, Elect Devcon Private Limited, Bestin Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Khalid Vasaiwala Mustafa was appointed as Director on 11 Dec 2021. Nafiz Ahmed Shaikh ceased to be Additional Director on 11 Dec 2021. Khalid Vasaiwala Mustafa ceased to be Director on 31 May 2021. Hicons Developers has 9 board changes on record in total.
Hicons Developers can be reached through the website hicons.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Hicons Developers is at B201 Leo 24th Road Khar West, Mumbai, Maharashtra, India – 400052.