About Horizon Promoters India Limited
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Horizon Promoters India Limited is a public 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 16 December 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1987PLC244801. Its GSTIN is 27AAACH5024N1ZI (Maharashtra).
The company has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.5 Cr. It was formerly known as Varoon Constructions Private Limited. It is led by directors including Jay Dinesh Bheda and Dinesh Shamji Bheda.
Its last annual general meeting (AGM) was held on 29 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 2025, the company reported a revenue of ₹48.4 Cr, a growth of 145% compared to the previous year. For the same year it recorded a net profit of ₹3.66 Cr (net margin 7.6%) and EBITDA of ₹6.87 Cr (EBITDA margin 14.2%). Revenue has grown at a compounded annual rate (CAGR) of 125% over three years and 39% over five years.
The company is associated with 2 brands: Horizonpromoters and Horizon GiriDarshan. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website horizonpromoters.com.
Company details
CIN history
Horizon Promoters India has one previous CIN (Corporate Identification Number): U45200AP1987PLC008079. The current CIN is U45200MH1987PLC244801, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH1987PLC244801 | Current |
| U45200AP1987PLC008079 | Previous |
Contact details
Horizon Promoters India Limited's registered office is in Mumbai, Maharashtra. Its website is horizonpromoters.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 103 Horizon Shloka Kay Chsl, Dr Ambedkar Road Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Horizon Promoters India 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
Horizon Promoters India operates two associated brands: Horizonpromoters and Horizon GiriDarshan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate developer specializing in redevelopment of housing societies in Mulund. | horizonpromoters.com | |
| Real estate development of residential apartments in Mulund, India, with a focus on eco-friendly and sustainable features. | horizongiridarshan.com |
Business activity
The main business activity of Horizon Promoters India 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 |
To see the full business activity and turnover split of Horizon Promoters India Limited, buy the company report.
Financials of Horizon Promoters India Limited
FY 2025 filings availableHorizon Promoters India Limited reported revenue of ₹48.4 Cr (up 145% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 145% growth in the latest year. EBITDA rose 32% 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 | ₹6.87 Cr | ||||
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| Net Profit (PAT) | ₹3.66 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 | 14.2% | ||||
| Net Profit Margin | 7.6% | ||||
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To see the full financial statements and ratios of Horizon Promoters India Limited, buy the company report.
Board of directors of Horizon Promoters India Limited
Horizon Promoters India 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 |
|---|---|---|---|---|
| Jay Dinesh Bheda Also directs: Horizon Flora India Limited | Director | 05 Apr 2010 | 16 Years 7 Months | Current |
| Dinesh Shamji Bheda Also directs: Horizon Flora India Limited | Director | 01 Sep 1988 | 38 Years 2 Months | Current |
| Maitri Jay Bheda | Additional Director | 06 Jan 2026 | 0 Years 10 Months | Current |
Peer comparison
Horizon Promoters India Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Ninety Nine Builders Private Limited | ₹48.47 Cr (FY 2025) | -16.0% | Dhanbad, Jharkhand, India | |||
| Vaishnodevi Realty Private Limited | ₹48.47 Cr (FY 2025) | 35.0% | Surat, Gujarat, India | |||
| Horizon Promoters India Limitedthis company | ₹48.4 Cr (FY 2025) | ₹3.66 Cr | 7.6% | 145.0% | Mumbai, Maharashtra, India | |
| Prime Infradevelopers Private Limited | ₹48.39 Cr (FY 2025) | -20.0% | New Delhi, Delhi, India | |||
| Bharathi Homes and Realtors Private Limited | ₹48.36 Cr (FY 2025) | 296.0% | Chennai, Tamil Nadu, India | |||
| Parsvnath Landmark Developers Private Limited | ₹48.31 Cr (FY 2025) | -14.0% | Delhi, India |
To see the full peer comparison of Horizon Promoters India Limited, buy the company report.
Auditor
Horizon Promoters India Limited is audited by CHK & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHK & Associates | FY 2023 | AAKFC3417B |
Shareholding
The shareholding of Horizon Promoters India 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 Horizon Promoters India Limited, buy the company report.
Legal cases
Horizon Promoters India Limited has 13 court cases on record: 7 filed by Horizon Promoters India, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 4 | 0 |
| District courts | 4 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Antara Senior Living Limited | Disposed |
| High Court | Arbitration matter | Filed by the company against individuals | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.A) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (AO) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (CAA) | Filed against the company by an individual | Disposed |
To see the full case history of Horizon Promoters India 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 Horizon Promoters India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Horizon Promoters India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH5024N1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Horizon Promoters India Limited, buy the company report.
Recent activity
Horizon Promoters India Limited has 9 board changes on record since 1988: 6 appointments and 3 cessations. The latest: Bharti Dinesh Bheda ceased to be Director on 06 Jan 2026.
Frequently asked questions
Horizon Promoters India is an active public 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 16 December 1987 (39+ years old) and is registered under CIN U45200MH1987PLC244801.
Horizon Promoters India has 3 current directors:
- Jay Dinesh Bheda - Director
- Dinesh Shamji Bheda - Director
- Maitri Jay Bheda - Additional Director
The latest financial statements of Horizon Promoters India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Horizon Promoters India is 27AAACH5024N1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Horizon Promoters India is U45200MH1987PLC244801. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horizon Promoters India has 13 court cases on record: 7 filed by the company and 6 filed against it. Most are in the high courts.
Horizon Promoters India was incorporated on 16 December 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Horizon Promoters India by revenue are Ninety Nine Builders Private Limited, Vaishnodevi Realty Private Limited, Prime Infradevelopers Private Limited, Bharathi Homes and Realtors Private Limited, Parsvnath Landmark Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Bharti Dinesh Bheda ceased to be Director on 06 Jan 2026. Maitri Jay Bheda was appointed as Additional Director on 06 Jan 2026. Nagasayanarao Akula ceased to be Director on 27 May 2017. Horizon Promoters India has 9 board changes on record in total.
Horizon Promoters India can be reached through the website horizonpromoters.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Horizon Promoters India is at Flat No. 103 Horizon Shloka Kay Chsl, Dr Ambedkar Road Mulund West, Mumbai, Maharashtra, India – 400080.
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