Himax Developers Private Limited
About Himax Developers Private Limited
Data last updated:
Himax 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 28 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1999PTC121028. Its GSTIN is 27AAACH6965J1Z6 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.5 Cr. It was formerly known as Himax Devlopers Private Limited. It is led by directors including Manesh Ratanshibhai Patel and Hemchand Gala Gangji.
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 Sona Mohar Behind Muncipal Market, Off. Nehru Road Vakola Santacruz (East) Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.96 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹36.52 Lakh (net margin -135.5%) and EBITDA of -₹35.48 Lakh (EBITDA margin -131.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 58% over five years.
Court records list 16 cases involving the company, including 10 filed by the company and 6 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Himax 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 AddressSona Mohar Behind Muncipal Market, Off. Nehru Road Vakola Santacruz (East) Mumbai, Maharashtra, India – 400055
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Himax 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 Himax Developers is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Himax Developers Private Limited, buy the company report.
Financials of Himax Developers Private Limited
FY 2025 filings availableHimax Developers Private Limited reported revenue of ₹26.96 Lakh (down 87% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 87% fall in the latest year. EBITDA fell 149% 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 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 | -₹35.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.52 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -131.6% | ||||
| Net Profit Margin | -135.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Himax Developers Private Limited, buy the company report.
Board of directors of Himax Developers Private Limited
Himax Developers has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manesh Ratanshibhai Patel Also directs: MMG Landmark LLP | Director | 15 Oct 2010 | 16 Years 0 Months | Current |
| Mehul Hemchand Gala Also directs: M Square City Space LLP, Tejpauls Private Limited, Gala Expedition Private Limited and 5 more | Additional Director | 23 Apr 2025 | 1 Years 6 Months | Current |
| Hemchand Gala Gangji | Director | 28 Jul 1999 | 27 Years 2 Months | Current |
| Monil Hemchand Gala Also directs: M Square City Space LLP, Tejpauls Private Limited, Gala Expedition Private Limited and 5 more | Director | 23 May 2012 | 14 Years 5 Months | Current |
Auditor
Himax Developers Private Limited is audited by Velani & Pokar for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Velani & Pokar | FY 2022 | 127525W |
Shareholding
The shareholding of Himax Developers 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 Himax Developers Private Limited, buy the company report.
Legal cases
Himax Developers Private Limited has 16 court cases on record: 10 filed by Himax Developers, 6 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 2 | 2 |
| Supreme Court | 7 | 4 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (CAA) | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case | Filed against the company by an individual | Disposed |
To see the full case history of Himax 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 Himax Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Himax Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH6965J1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Himax Developers Private Limited, buy the company report.
Recent activity
Himax Developers Private Limited has 7 board changes on record since 1999: 4 appointments and 3 cessations. The latest: Mehul Hemchand Gala was appointed as Additional Director on 23 Apr 2025.
Frequently asked questions
Himax 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 28 July 1999 (27+ years old) and is registered under CIN U70100MH1999PTC121028.
Himax Developers has 4 current directors:
- Manesh Ratanshibhai Patel - Director
- Mehul Hemchand Gala - Additional Director
- Hemchand Gala Gangji - Director
- Monil Hemchand Gala - Director
The latest financial statements of Himax Developers 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 Himax Developers is 27AAACH6965J1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Himax Developers is U70100MH1999PTC121028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Himax Developers has 16 court cases on record: 10 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Himax Developers was incorporated on 28 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
Mehul Hemchand Gala was appointed as Additional Director on 23 Apr 2025. Kaushik Dayaram Patel ceased to be Director on 27 Nov 2020. Mehul Hemchand Gala ceased to be Director on 23 May 2012. Himax Developers has 7 board changes on record in total.
The registered office of Himax Developers is at Sona Mohar Behind Muncipal Market, Off. Nehru Road Vakola Santacruz East Mumbai, Maharashtra, India – 400055.
Himax Developers operates in the real estate and construction industry, in the real estate builders and developers segment.