About Joynest Premises Private Limited
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Joynest Premises Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hubtown Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2008PTC183715. Its GSTIN is 27AAACZ3360M1ZZ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹104.72 Cr and a paid-up capital of ₹104.72 Cr. It was formerly known as Zeal Ventures Private Limited. It is led by directors including Khilen Vyomesh Shah and Bhakti Jaywant Kothare.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Cts No. 469 – A Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2024, the company reported a revenue of ₹36.9 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹1.81 Cr (net margin -4.9%) and EBITDA of ₹17.5 Cr (EBITDA margin 47.4%). Revenue has grown at a compounded annual rate (CAGR) of 103% over three years and 82% over five years.
The company has about 54 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹197.82 Cr and satisfied charges of ₹181.01 Cr on record. Court records list 21 cases involving the company, including 2 filed by the company and 19 filed against it; 2 cases are pending. The company has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹141.07 Cr; the latest was in October 2020. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 1 smaller; the largest is Aryan Hometec Private Limited with revenue of ₹36.98 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 417 overdue payments to 76 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 hubtown.co.in.
Company details
Contact details
Joynest Premises Private Limited's registered office is in Mumbai, Maharashtra. Its website is hubtown.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressCts No. 469 – A Chembur, Mumbai, Maharashtra, India – 400071
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Joynest Premises 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 Joynest Premises 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 Joynest Premises Private Limited, buy the company report.
Financials of Joynest Premises Private Limited
FY 2024 filings availableJoynest Premises Private Limited reported revenue of ₹36.9 Cr (down 60% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 60% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 82%. EBITDA fell 49% 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 |
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| EBITDA | ₹17.5 Cr | ||||
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| Net Profit (PAT) | -₹1.81 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 47.4% | ||||
| Net Profit Margin | -4.9% | ||||
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To see the full financial statements and ratios of Joynest Premises Private Limited, buy the company report.
Board of directors and KMP of Joynest Premises Private Limited
Joynest Premises Private Limited currently reports 4 directors and 2 key managerial personnel. 20 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khilen Vyomesh Shah Also directs: Camwood Mercantile LLP, Aradhana Lifespace LLP, MVSR Developers and Trading LLP and 5 more | Director | 15 Nov 2013 | 12 Years 11 Months | Current |
| Bhakti Jaywant Kothare | Director | 31 Jan 2024 | 2 Years 8 Months | Current |
| Shivil Kapoor Also directs: Sunraj Diamond Exports Limited | Company Secretary | 23 May 2025 | 1 Years 5 Months | Current |
| Narendrakumar Shridhar Redkar | Ceo | 23 May 2025 | 1 Years 5 Months | Current |
| Jayeshkumar Mukesh Jain Also directs: Vega Developers Private Limited, Hubtown Haven Hills LLP, Sita Power Limited and 5 more | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Sunil Chandrakant Shah Also directs: Vishal Techno Commerce Limited, Vinca Developer Private Limited, Twenty Five South Realty Limited and 2 more | Director | 31 Jan 2024 | 2 Years 8 Months | Current |
Peer comparison
Joynest Premises Private 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 |
|---|---|---|---|---|---|---|
| Aryan Hometec Private Limited | ₹36.98 Cr (FY 2019) | 135.0% | Bangalore, Karnataka, India | |||
| Shree Modi's Navnirman Private Limited | ₹36.97 Cr (FY 2024) | -12.0% | Mumbai, Maharashtra, India | |||
| Yashvi Homes Private Limited | ₹36.96 Cr (FY 2024) | Gurgaon, Haryana, India | ||||
| Eth Infra Private Limited | ₹36.93 Cr (FY 2025) | 511.0% | Delhi, India | |||
| Joynest Premises Private Limitedthis company | ₹36.9 Cr (FY 2024) | -₹1.81 Cr | -4.9% | -60.0% | 54 | Mumbai, Maharashtra, India |
| Thakkers Developers Limited | ₹36.79 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Joynest Premises Private Limited, buy the company report.
Auditor
Joynest Premises Private Limited is audited by A.D. Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.D. Sheth & Associates | FY 2023 | 0134274W |
Shareholding
The shareholding of Joynest Premises 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 Joynest Premises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2025 | 101133732 | Others | ₹147.82 Cr | Open | |
| 19 Jul 2023 | 100777582 | Others | ₹30 Cr | Open | |
| 27 Mar 2023 | 100730795 | Idbi Trusteeship Services Limited | ₹20 Cr | Open | |
| 22 Sep 2020 | 100379514 | Others | ₹150 Cr | Satisfied | |
| 17 May 2017 | 100117911 | Others | ₹31.01 Cr | Satisfied |
To see the full charge records of Joynest Premises Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Joynest Premises Private Limited has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹141.07 Cr; the latest was in October 2020.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: Citygold Investments Private Limited Seller: Diamont Dream Investment Limited, SIREF I Residential A Limited |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Citygold Investments Private Limited Seller: Diamont Dream Investment Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Eknath Infraprojects Private Limited Seller: Eknath Propcon Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: SIREF I Residential A Limited Seller: Hubtown Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Hubtown Limited , Definite Builders Private Limited , SIREF I Residential A Limited Seller: Eknath Propcon Private Limited , Shree Naman Developers Private Limited |
To see the full deal history of Joynest Premises 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
Joynest Premises Private Limited has 21 court cases on record: 2 filed by Joynest Premises, 19 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 16 | 15 | 1 |
| District courts | 5 | 4 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CPCD) | Filed against the company by Vatan Enterprises Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Supreme Fincorp | Disposed |
| Bombay High Court | Court case (CONP) | Filed against the company by Sonasta Resorts Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by an individual | Disposed |
To see the full case history of Joynest Premises 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
Joynest Premises Private Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 417 overdue payments to 76 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 76)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sara Security & Facility Service Private Limited | |||
| an individual supplier | |||
| Essence of Art | |||
| an individual supplier | |||
| Nirvana Lighting Private Limited |
To see the full MSME payment records of Joynest Premises Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Joynest Premises Private Limited has a workforce of 54 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Joynest Premises has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACZ3360M1ZZ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Joynest Premises Private Limited, buy the company report.
Recent activity
Joynest Premises Private Limited has 26 board changes on record since 2010: 6 appointments and 20 cessations. The latest: Narendrakumar Shridhar Redkar was appointed as CEO on 23 May 2025.
25 earlier events are in the company report.
Frequently asked questions
Joynest Premises 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 19 June 2008 (18+ years old) and is registered under CIN U45202MH2008PTC183715.
Joynest Premises has 6 current directors and KMP:
- Khilen Vyomesh Shah - Director
- Bhakti Jaywant Kothare - Director
- Jayeshkumar Mukesh Jain - Director
- Sunil Chandrakant Shah - Director
- Shivil Kapoor - Company Secretary
- Narendrakumar Shridhar Redkar - Ceo
The latest financial statements of Joynest Premises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Joynest Premises is 27AAACZ3360M1ZZ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Joynest Premises is U45202MH2008PTC183715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Joynest Premises has 21 court cases on record: 2 filed by the company and 19 filed against it. 2 are pending. Most are in the high courts.
Joynest Premises was incorporated on 19 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Joynest Premises has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹141.07 Cr; the latest was in October 2020.
The peers of Joynest Premises by revenue are Aryan Hometec Private Limited, Shree Modi's Navnirman Private Limited, Yashvi Homes Private Limited, Eth Infra Private Limited, Thakkers Developers Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Narendrakumar Shridhar Redkar was appointed as CEO on 23 May 2025. Shivil Kapoor was appointed as Company Secretary on 23 May 2025. Bhakti Jaywant Kothare ceased to be Additional Director on 27 Sep 2024. Joynest Premises has 26 board changes on record in total.
Joynest Premises has 16 MSME Form 1 returns on record between 2019 and 2024, listing 417 overdue payments to 76 micro and small suppliers. The latest return was filed on 27 Apr 2024.
Joynest Premises can be reached through the website hubtown.co.in. Its registered office is in Mumbai, Maharashtra, India.