Itpg Developers Private Limited
About Itpg Developers Private Limited
Data last updated:
Itpg Developers Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Aigp 1 Pte Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U45400HR2015PTC056469. Its GSTIN is 06AAGCG0878B2ZT (Haryana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹130.53 Cr and a paid-up capital of ₹118.09 Cr. It was formerly known as G.P. Realtors 1 Private Limited. It is led by directors Lalit Narang and Anuradha Prasad.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at International Tech Park Gurgaon It/Ites SEZ Village Behrampur Near Sector – 59, Haryana, India – 122101.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹44.85 Cr (net margin -149.9%) and EBITDA of ₹12.36 Cr (EBITDA margin 41.3%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹485 Cr and satisfied charges of ₹1,650 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 6 deals on record (5 rights issues, 1 secondary share transfer); the latest was in August 2019. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 2 smaller; the largest is Indrajit Properties Private Limited with revenue of ₹29.94 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2023, listing 46 overdue payments to 14 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Itpg Developers Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressInternational Tech Park Gurgaon It/Ites SEZ Village Behrampur Near Sector – 59, Haryana, India – 122101
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Itpg 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 Itpg Developers is real estate. In detail, this covers real estate activities with own or leased property and real estate activities on fee or contract basis. 2 activity segments are registered with the MCA.
| 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 | |
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Itpg Developers Private Limited, buy the company report.
Financials of Itpg Developers Private Limited
FY 2025 filings availableItpg Developers Private Limited reported revenue of ₹29.92 Cr (up 240% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 240% growth in the latest year. EBITDA rose 428% 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 | ₹12.36 Cr | ||||
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| Net Profit (PAT) | -₹44.85 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 | 41.3% | ||||
| Net Profit Margin | -149.9% | ||||
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To see the full financial statements and ratios of Itpg Developers Private Limited, buy the company report.
Board of directors of Itpg Developers Private Limited
Itpg Developers has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Narang Also directs: Aidt Phase-1 Private Limited, Provenance Business Park Private Limited, Itpg Developers Phase- II Private Limited and 1 more | Director | 12 Apr 2024 | 2 Years 6 Months | Current |
| Anuradha Prasad Also directs: Cyber Pearl Business Parks Private Limited, Cybervale IT Parks Private Limited, Radial IT Park Phase 1 Private Limited and 5 more | Director | 06 Jul 2023 | 3 Years 4 Months | Current |
Peer comparison
Itpg Developers Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), 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 |
|---|---|---|---|---|---|---|
| Indrajit Properties Private Limited | ₹29.94 Cr (FY 2025) | -34.0% | Mumbai, Maharashtra, India | |||
| Hazel Realty Private Limited | ₹29.92 Cr (FY 2024) | -48.0% | Chennai, Tamil Nadu, India | |||
| Itpg Developers Private Limitedthis company | ₹29.92 Cr (FY 2025) | -₹44.85 Cr | -149.9% | 240.0% | Gurgaon, Haryana, India | |
| Ekdant Constructions and Developers Private Limited | ₹29.91 Cr (FY 2025) | -30.0% | Thane, Maharashtra, India | |||
| MSS Infracon Private Limited | ₹29.91 Cr (FY 2025) | 585.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Itpg Developers Private Limited, buy the company report.
Auditor
Itpg Developers Private Limited is audited by BSR & CO. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & CO. LLP | FY 2021 | 101248W/W100022 |
Shareholding
The shareholding of Itpg 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 Itpg Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jul 2025 | 101128053 | Others | ₹485 Cr | Open | |
| 10 Nov 2023 | 100810972 | Others | ₹400 Cr | Satisfied | |
| 13 Jan 2021 | 100422953 | Others | ₹425 Cr | Satisfied | |
| 14 Feb 2020 | 100328730 | Others | ₹400 Cr | Satisfied | |
| 29 Jan 2020 | 100324770 | Others | ₹425 Cr | Satisfied |
To see the full charge records of Itpg Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Itpg Developers Private Limited has 6 deals on record (5 rights issues, 1 secondary share transfer); the latest was in August 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹31.45 Cr | Investors: AIGP 1 Pte Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: AIGP 1 Pte Limited, AIGP 1 Pte Limited & Sumit Gera Seller: Daisu Limited, Daisu Limited & Ireo Managmeht I Limted |
| Feb 2019 | Rights issue | ₹13.21 Cr | Investors: Daisu Limited |
| Jul 2017 | Rights issue | ₹7.5 Cr | Investors: G. P. Realtors Private Limited |
| May 2016 | Rights issue | ₹16 Lakh | Investors: G. P. Realtors Private Limited |
To see the full deal history of Itpg Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Itpg Developers Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil suit | Filed against the company | Disposed |
To see the full case history of Itpg 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
Itpg Developers Private Limited has 5 MSME Form 1 returns on record between 2022 and 2023, listing 46 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chalo Mobility Private Limited | |||
| Radius Infotech Private Limited | |||
| Haryali | |||
| Keabis Tech Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Itpg Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Itpg Developers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCG0878B2ZT | Haryana | Active | 19 Mar 2019 |
| 06AAGCG0878B3ZS | Haryana | Active | 28 Feb 2024 |
To see the full GST registrations and return filing status of Itpg Developers Private Limited, buy the company report.
Recent activity
Itpg Developers Private Limited has 12 board changes on record since 2017: 2 appointments and 10 cessations. The latest: Lalit Narang ceased to be Additional Director on 29 Sep 2024.
14 earlier events are in the company report.
Frequently asked questions
Itpg Developers is an active private limited company based in Gurgaon, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 August 2015 (11+ years old) and is registered under CIN U45400HR2015PTC056469.
Itpg Developers has 2 current directors:
- Lalit Narang - Director
- Anuradha Prasad - Director
The latest financial statements of Itpg Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Itpg Developers is 06AAGCG0878B2ZT, registered in Haryana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAGCG0878B3ZS (Haryana).
The CIN (Corporate Identification Number) of Itpg Developers is U45400HR2015PTC056469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Itpg Developers has 1 court case on record: 1 filed against it.
Itpg Developers was incorporated on 24 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Haryana.
Itpg Developers has 6 deals on record (5 rights issues, 1 secondary share transfer); the latest was in August 2019.
The peers of Itpg Developers by revenue are Indrajit Properties Private Limited, Hazel Realty Private Limited, Ekdant Constructions and Developers Private Limited, MSS Infracon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Lalit Narang ceased to be Additional Director on 29 Sep 2024. Lalit Narang was appointed as Director on 12 Apr 2024. Anuradha Prasad ceased to be Additional Director on 28 Sep 2023. Itpg Developers has 12 board changes on record in total.
Itpg Developers has 5 MSME Form 1 returns on record between 2022 and 2023, listing 46 overdue payments to 14 micro and small suppliers. The latest return was filed on 08 Nov 2023.
The registered office of Itpg Developers is at International Tech Park Gurgaon ItItes SEZ Village Behrampur Near Sector – 59, Haryana, India – 122101.
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