About Insight Mall Developers Private Limited
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Insight Mall Developers Private Limited is a private limited company based in Mahalaxmi, Maharashtra, India, a subsidiary of Island Star Mall Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2007PTC169124. Its GSTIN is 27AABCI6693P1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹10.02 Lakh. It was formerly known as Insight Hotels & Leisure Private Limited. It is led by directors including Vikas Bhoja Shetty (Managing Director) and Amit Dabriwala.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahalaxmi, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹139.31 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹40.81 Cr (net margin 29.3%) and EBITDA of ₹70.33 Cr (EBITDA margin 50.5%).
The company has about 62 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹350 Cr and satisfied charges of ₹208.89 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in May 2017. Its 5 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 3 smaller; the largest is Nambi Buildwell Limited with revenue of ₹163.18 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 30 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thephoenixmills.com.
Company details
Contact details
Insight Mall Developers Private Limited's registered office is in Mahalaxmi, Maharashtra. Its website is thephoenixmills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Market City Resources Pvt. Ltd Ground Floor R.R. Hosiery Bldg Shree Luxmi Woollen Mi, Lls Estate, Mahalaxmi, Maharashtra, India – 400011
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Insight Mall 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 Insight Mall Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Insight Mall Developers Private Limited, buy the company report.
Financials of Insight Mall Developers Private Limited
FY 2025 filings availableInsight Mall Developers Private Limited reported revenue of ₹139.31 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year. EBITDA fell 8% 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 | ₹70.33 Cr | ||||
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| Net Profit (PAT) | ₹40.81 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 | 50.5% | ||||
| Net Profit Margin | 29.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Insight Mall Developers Private Limited, buy the company report.
Board of directors of Insight Mall Developers Private Limited
Insight Mall Developers has 5 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dabriwala Also directs: Master Project Management LLP, Satyatower Affordables Projects Private Limited, Adibhuta Investments Private Limited and 5 more | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Neha Ravi Kapoor Also directs: Alyssum Developers Private Limited, Bellona Hospitality Services Limited, Vamona Developers Private Limited and 2 more | Director | 20 Jul 2024 | 2 Years 3 Months | Current |
| Swapnil Subhash Kothari Also directs: Truevalue Infrabuild Private Limited, SGH Realty Private Limited, Astrea Real Estate Developers Private Limited and 5 more | Director | 30 Jun 2023 | 3 Years 4 Months | Current |
| Siddhesh Pradeep Pradhan | Director | 20 Jul 2024 | 2 Years 3 Months | Current |
| Vikas Bhoja Shetty Also directs: Offbeat Developers Private Limited | Managing Director | 16 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Insight Mall Developers Private Limited is compared with the 5 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nambi Buildwell Limited | ₹163.18 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Quest Properties India Limited | ₹140.28 Cr (FY 2025) | -9.0% | Kolkata, West Bengal, India | |||
| Insight Mall Developers Private Limitedthis company | ₹139.31 Cr (FY 2025) | ₹40.81 Cr | 29.3% | -2.0% | 62 | Mahalaxmi, Maharashtra, India |
| Sheth Developers & Realtors (India) Limited | ₹123.82 Cr (FY 2022) | 18.0% | Thane, Maharashtra, India | |||
| Chitrali Properties Private Limited | ₹117.52 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| E-City Real Estates Private Limited | ₹115.89 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Insight Mall Developers Private Limited, buy the company report.
Auditor
Insight Mall Developers Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Insight Mall Developers Private 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 Insight Mall Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2024 | 100851786 | Others | ₹350 Cr | Open | |
| 24 Mar 2022 | 100559906 | Others | ₹200 Cr | Satisfied | |
| 15 Jul 2021 | 100467017 | The Hongkong and Shanghai Banking Corporation Limited | ₹4.01 Cr | Satisfied | |
| 10 Jun 2021 | 100454141 | Others | ₹1.43 Cr | Satisfied | |
| 10 Jun 2021 | 100454142 | Others | ₹2.29 Cr | Satisfied |
To see the full charge records of Insight Mall Developers Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Insight Mall Developers Private Limited has 1 deal on record (1 acquisition); the latest was in May 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Acquisition | ₹10 Lakh | Buyer: The Phoenix Mills Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Insight Mall Developers Private Limited has 5 court cases on record: 1 filed by Insight Mall Developers, 4 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 2 |
| District courts | 1 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by The Phoenix Mills Limited and Anr | Pending |
| Bombay High Court | Court case (S) | Filed against the company by The Phoenix Mills Limited and Anr | Pending |
| Supreme Court | Court case (4205-MATTERS RELATING TO LEASES, GOVT. CONTRACTS & CONTRACTS BY LOCAL BODIES : Others) | Filed against the company by Century 21 Town Planners Pvt. Ltd. Director Gurjeet Singh Chhabra 4Th Floor C-21 Mall, A.B. Road , District: Indore , , Madhya Pradesh | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by The Phoenix Mills Limited and Anr | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed by the company against M/S R.G. Hotels, Through Its Partner, | Pending |
To see the full case history of Insight Mall 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
Insight Mall Developers Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 30 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| A.A. Nayak Constructions Private Limited | |||
| Apex Structure Private Limited | |||
| Venial Infratech Private Limited | |||
| Focus Eye Technocraft Private Limited | |||
| Genesis Engineering |
To see the full MSME payment records of Insight Mall Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Insight Mall Developers Private Limited has a workforce of 62 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Insight Mall Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI6693P1ZR | Maharashtra | Active | 01 Jul 2017 |
| 23AABCI6693P1ZZ | Madhya Pradesh | Active | 10 Oct 2017 |
To see the full GST registrations and return filing status of Insight Mall Developers Private Limited, buy the company report.
Recent activity
Insight Mall Developers Private Limited has 26 board changes on record since 2007: 5 appointments and 21 cessations. The latest: Neha Ravi Kapoor ceased to be Additional Director on 10 Sep 2024.
29 earlier events are in the company report.
Frequently asked questions
Insight Mall Developers is an active private limited company based in Mahalaxmi, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 March 2007 (19+ years old) and is registered under CIN U55101MH2007PTC169124.
Insight Mall Developers has 5 current directors:
- Vikas Bhoja Shetty - Managing Director
- Amit Dabriwala - Director
- Neha Ravi Kapoor - Director
- Swapnil Subhash Kothari - Director
- Siddhesh Pradeep Pradhan - Director
The latest financial statements of Insight Mall Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Insight Mall Developers is 27AABCI6693P1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AABCI6693P1ZZ (Madhya Pradesh).
The CIN (Corporate Identification Number) of Insight Mall Developers is U55101MH2007PTC169124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Insight Mall Developers has 5 court cases on record: 1 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Insight Mall Developers was incorporated on 24 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Insight Mall Developers has 1 deal on record (1 acquisition); the latest was in May 2017.
The peers of Insight Mall Developers by revenue are Nambi Buildwell Limited, Quest Properties India Limited, Sheth Developers & Realtors (India) Limited, Chitrali Properties Private Limited, E-City Real Estates Private Limited, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Neha Ravi Kapoor ceased to be Additional Director on 10 Sep 2024. Siddhesh Pradeep Pradhan ceased to be Additional Director on 10 Sep 2024. Vikas Bhoja Shetty was appointed as Managing Director on 16 Aug 2024. Insight Mall Developers has 26 board changes on record in total.
Insight Mall Developers has 11 MSME Form 1 returns on record between 2019 and 2024, listing 30 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Insight Mall Developers can be reached through the website thephoenixmills.com. Its registered office is in Mahalaxmi, Maharashtra, India.
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