Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited - business services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U45200MH2006PTC161067 Incorporated 10 April 2006 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company business services
Data last updated
Revenue · FY 2025
₹946.37 Cr
▲ 47% YoY
Net profit · FY 2025
₹391.68 Cr
Net margin 41.4%
EBITDA · FY 2025
₹616.92 Cr
EBITDA margin 65.2%
Authorised capital
₹285 Cr
Registered with MCA
Paid-up capital
₹233.11 Cr
Issued & subscribed
Open charges
₹800 Cr
Satisfied ₹1,629 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
67
Provident fund records

About Island Star Mall Developers Private Limited

Data last updated:

Island Star Mall Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of The Phoenix Mills Limited. It operates in the mall and retail management segment of the business services sector. It was incorporated on 10 April 2006 and has been in existence for over 20 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC161067. Its GSTIN is 27AABCI4988F1ZA (Maharashtra). The company holds 2 GST registrations, all of them active.

The company has an authorised share capital of ₹285 Cr and a paid-up capital of ₹233.11 Cr. It is led by directors including Sanjay Sudam Wagaskar (Managing Director) and Gajendra Rathaur Singh (Managing Director).

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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹946.37 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹391.68 Cr (net margin 41.4%) and EBITDA of ₹616.92 Cr (EBITDA margin 65.2%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 32% over five years.

The company has about 67 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.

The company is associated with 2 brands: Phoenix Mills and Phoenix Marketcity. As per MCA filings, the company has open charges of ₹800 Cr and satisfied charges of ₹1,629 Cr on record. Court records list 43 cases involving the company, including 32 filed by the company and 8 filed against it; 9 cases are pending. The company has 22 deals on record (11 secondary share transfers, 9 funding rounds, 2 rights issues), with disclosed funding of ₹1,758.01 Cr; the latest was in December 2021. Its 9 peer companies in the Business Services industry (Mall Management) are compared by revenue, 4 larger and 5 smaller; the largest is Mahadhan Agritech Limited with revenue of ₹5,453.49 Cr. The company has 7 MSME Form 1 returns on record between 2020 and 2024, listing 7 overdue payments to 2 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 phoenixmarketcity.com.

Company Details of Island Star Mall Developers Private Limited
CIN U45200MH2006PTC161067
Registration Number 161067
Incorporation Date 10 April 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2025
Parent Company The Phoenix Mills Limited
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    C/O Marketcity Resources Pvt Ltd R Hosiery Bldg Gr Floor Laxmi Woollen Mills Estate Ma, Halaxmi, Mumbai, Maharashtra, India – 400011
  • Industry
    Business Services, Mall & Retail Management
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Financials, compliance, directors, charges, ownership and filings for Island Star Mall Developers Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Island Star Mall Developers Private Limited

The main business activity of Island Star Mall Developers is real estate. In detail, this covers real estate activities with own or leased property.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
LReal EstateL1Real estate activities with own or leased propertyLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
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Financials of Island Star Mall Developers Private Limited FY 2025 filings available

Island Star Mall Developers Private Limited reported revenue of ₹946.37 Cr (up 47% YoY) for FY 2025.

Revenue · FY 2025
₹946.37 Cr ▲ 47%
Net profit · FY 2025
₹391.68 Cr margin 41.4%
EBITDA · FY 2025
₹616.92 Cr margin 65.2%

Compounded Annual Growth Rate (CAGR) of Island Star Mall Developers Private Limited

Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 71%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 71%
5 years · compounded
▲ 31%

Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 47% growth in the latest year. EBITDA rose 48% 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 Island Star Mall Developers Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹616.92 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹391.68 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 Island Star Mall Developers Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin65.2%••••••••••••••••
Net Profit Margin41.4%••••••••••••••••
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 Island Star Mall Developers are in the company report.

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Financial statements from 2015

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Peer Comparison of Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Mall Management). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mahadhan Agritech Limited₹5,453.49 Cr (FY 2025)••••••••30.0%••••Pune, Maharashtra, India
Lulu International Shopping Malls Private Limited₹4,999.08 Cr (FY 2025)••••••••26.0%••••Ernakulam, Kerala, India
The Phoenix Mills Limited Listed₹3,964.47 Cr (FY 2025)••••••••-4.0%••••Mumbai, Maharashtra, India
Grauer and Weil (India) Limited Listed₹1,180.04 Cr (FY 2025)••••••••7.0%••••Mumbai, Maharashtra, India
Island Star Mall Developers Private Limited this company₹946.37 Cr (FY 2025)••••••••47.0%••••Mumbai, Maharashtra, India
Rostrum Realty Private Limited₹748.81 Cr (FY 2025)••••••••16.0%••••Mini Sectt, Haryana, India
Inorbit Malls (India) Private Limited₹740.44 Cr (FY 2025)••••••••16.0%••••Mumbai, Maharashtra, India
Lulu India Shopping Mall Private Limited₹619.27 Cr (FY 2025)••••••••14.0%••••Ernakulam, Kerala, India
Select Infrastructure Private Limited₹605.48 Cr (FY 2025)••••••••9.0%••••Thane, Maharashtra, India
Kashvi Power & Steel Private Limited₹517.08 Cr (FY 2024)••••••••31.0%••••Bhubaneswar, Odisha, India

Peers are the five companies nearest above and the five nearest below Island Star Mall Developers by revenue in the Business Services industry (Mall Management), 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 Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.

NameStatusAppointment DateCessation Date
Price Waterhouse Chartered Accountants LLPLockedLockedLocked
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Board of Directors and KMP of Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited currently reports 6 directors and 1 key managerial person. 35 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Sumeet AnandDirector10 Oct 20242 Years 0 MonthsCurrent
Varun ParwalDirector26 Nov 20223 Years 10 MonthsCurrent
Sanjay Sudam WagaskarManaging Director18 Jul 20242 Years 2 MonthsCurrent
Chalsani RohanDirector02 Aug 20242 Years 2 MonthsCurrent
Rajesh MehariaCfo22 Jul 20242 Years 2 MonthsCurrent
Shweta Pradeep VyasDirector27 Mar 20188 Years 6 MonthsCurrent
Showing 6 of 7 current directors and KMP. View all directors and KMP

Ownership and Shareholding of Island Star Mall Developers Private Limited

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Charges & Borrowings of Island Star Mall Developers Private Limited

Open charges
₹800 Cr
Satisfied charges
₹1,629 Cr
Breakdown by lending institutions
Others₹800.00 Cr
Latest charge details
DateLenderAmountStatus
27 Aug 2022Others₹800 CrOpen
13 Jul 2021Others₹325 CrSatisfied
19 Jul 2017Others₹160 CrSatisfied
24 Jul 2015Idbi Trusteeship Services Limited₹305 CrSatisfied
05 Jun 2012Idbi Trusteeship Services Limited₹400 CrSatisfied

Total charge records: 8 View all charges

Deals & Funding of Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited has 22 deals on record (11 secondary share transfers, 9 funding rounds, 2 rights issues), with disclosed funding of ₹1,758.01 Cr; the latest was in December 2021.

Total deals
22
Secondary share transfers
11
Funding rounds
9
Rights issues
2
Disclosed funding
₹1,758.01 Cr

Deals on record (5 of 22)

WhenDealAmountParties
Dec 2021Rights issue₹700 CrInvestors: The Phoenix Mills Limited , CPPIB
Jun 2021Rights issue₹400 CrInvestors: The Phoenix Mills Limited , CPPIB
Apr 2017Funding round · Series B₹50 CrInvestors: The Phoenix Mills Limited
Apr 2017Secondary share transferUndisclosedBuyer: CPPIB
Seller: The Phoenix Mills Limited
Dec 2016Secondary share transferUndisclosedBuyer: The Phoenix Mills Limited
Seller: Pinnacle Real Estate Development Private Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited has 7 MSME Form 1 returns on record between 2020 and 2024, listing 7 overdue payments to 2 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 (2 of 2)

SupplierAmount dueDue sinceReported on
Unifynd Technologies Private Limited••••••••••••
Diya Energy••••••••••••
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Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.

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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Island Star Mall Developers Private Limited

Island Star Mall Developers operates two associated brands: Phoenix Mills and Phoenix Marketcity. Each brand links to its own profile.

BrandDescriptionWebsite
Residential and commercial property development services are provided.thephoenixmills.com
Multi-format retail mall chain, offering a range of retail, dining, and entertainment options to its customers across various locationsphoenixmarketcity.com

Employees and EPFO Compliance at Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited has a workforce of 67 employees as of Apr 08, 2024.

Employee count
67
Active EPFO establishments
1
Employee growth
8.06%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Island Star Mall Developers Private Limited

Island Star Mall Developers has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

3
Subsidiary companies
Key Subsidiaries
Company NameCINShares Held
Insight Mall Developers Private LimitedU55101MH2007PTC169124Locked
Alyssum Developers Private LimitedU70109MH2017PTC292588Locked
Sparkle One Mall Developers Private LimitedU70109MH2017PTC299103Locked

Showing major subsidiaries. Total: 3.

News related to Island Star Mall Developers Private Limited

Recent Activity on Island Star Mall Developers Private Limited

Island Star Mall Developers Private Limited has 39 board changes on record since 2008: 7 appointments and 32 cessations. The latest: Sumeet Anand ceased to be Additional Director on 03 Sep 2025.

AGM
Island Star Mall Developers Private Limited last Annual general meeting of members was held on 04 Sep 2025 as per latest MCA records.
Ceased
Sumeet Anand ceased to be Additional Director.
Filing
Island Star Mall Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Sumeet Anand was appointed as Director.
Ceased
Chalsani Rohan ceased to be Additional Director.
Appointed
Chalsani Rohan was appointed as Director.
Appointed
Rajesh Meharia was appointed as CFO.
Appointed
Sanjay Sudam Wagaskar was appointed as Managing Director.
Ceased
Sanjay Sudam Wagaskar ceased to be Additional Director.
Ceased
Varun Parwal ceased to be Additional Director.
Appointed
Varun Parwal was appointed as Director.
Ceased
Pawan Kumar Kakumanu ceased to be Director.

49 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Island Star Mall Developers Private Limited

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Subsidiaries & Group Companies of Island Star Mall Developers Private Limited

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GST Compliance of Island Star Mall Developers Private Limited

Island Star Mall Developers has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AABCI4988F1ZAMaharashtraActive01 Jul 2017
29AABCI4988F1Z6KarnatakaActive01 Jul 2017
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MCA Filings & Documents of Island Star Mall Developers Private Limited

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MCA filings and documents

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Frequently Asked Questions about Island Star Mall Developers Private Limited

Island Star Mall Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in mall and retail management, within the business services industry. It was incorporated on 10 April 2006 (20+ years old) and is registered under CIN U45200MH2006PTC161067.

Island Star Mall Developers reported revenue of ₹946.37 Cr for FY 2025 (up 47% YoY).

Island Star Mall Developers has 7 current directors and KMP:

Island Star Mall Developers reported a net profit of ₹391.68 Cr (net margin 41.4%) and EBITDA of ₹616.92 Cr (EBITDA margin 65.2%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Island Star Mall Developers is 71% over three years and 32% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Island Star Mall Developers is 27AABCI4988F1ZA, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCI4988F1Z6 (Karnataka).

The CIN (Corporate Identification Number) of Island Star Mall Developers is U45200MH2006PTC161067. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Island Star Mall Developers has 43 court cases on record: 32 filed by the company and 8 filed against it. 9 are pending. Most are in the high courts.

Island Star Mall Developers was incorporated on 10 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.

Island Star Mall Developers has 22 deals on record (11 secondary share transfers, 9 funding rounds, 2 rights issues), with disclosed funding of ₹1,758.01 Cr; the latest was in December 2021.

The peers of Island Star Mall Developers by revenue are Mahadhan Agritech Limited, Lulu International Shopping Malls Private Limited, The Phoenix Mills Limited, Grauer and Weil (India) Limited, Rostrum Realty Private Limited and 4 more, all in the Business Services industry (Mall Management).

Sumeet Anand ceased to be Additional Director on 03 Sep 2025. Sumeet Anand was appointed as Director on 10 Oct 2024. Chalsani Rohan ceased to be Additional Director on 10 Sep 2024. Island Star Mall Developers has 39 board changes on record in total.

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