Krushmi Developers Private Limited
About Krushmi Developers Private Limited
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Krushmi Developers Private Limited is a private 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 29 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH2009PTC192822. Its GSTIN is 27AADCK6703G1ZN (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Cr. It is led by directors Mehul Jadavji Shah and Hemang Jadavji Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5 2 Marathon Icon Ganpatrao Kadam Marg Opp Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.64 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹84.65 Lakh (net margin -51.6%) and EBITDA of -₹84.61 Lakh (EBITDA margin -51.6%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 14% over five years.
As per MCA filings, the company has satisfied charges of ₹18.7 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Krushmi Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address507 Floor – 5 2 Marathon Icon Ganpatrao Kadam Marg Opp Peninsula Corporate Park Lower Parel, (W), Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Krushmi 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 Krushmi Developers 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 Krushmi Developers Private Limited, buy the company report.
Financials of Krushmi Developers Private Limited
FY 2024 filings availableKrushmi Developers Private Limited reported revenue of ₹1.64 Cr (up 18815% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years. EBITDA fell 37% 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 | -₹84.61 Lakh | ||||
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| Net Profit (PAT) | -₹84.65 Lakh | ||||
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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 | -51.6% | ||||
| Net Profit Margin | -51.6% | ||||
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To see the full financial statements and ratios of Krushmi Developers Private Limited, buy the company report.
Board of directors of Krushmi Developers Private Limited
Krushmi Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Jadavji Shah | Director | 18 Feb 2010 | 16 Years 8 Months | Current |
| Hemang Jadavji Shah Also directs: Anchor Sky Scrapers LLP, Om Shanti Housing Development LLP, Great White Constructions LLP and 5 more | Director | 18 Feb 2010 | 16 Years 8 Months | Current |
Auditor
Krushmi Developers Private Limited is audited by B H BHATT & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B H BHATT & ASSOCIATES | FY 2016 | 101327W |
Shareholding
The shareholding of Krushmi Developers Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Krushmi Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2012 | 10357831 | Union Bank of India | ₹18.7 Cr | Satisfied |
To see the full charge records of Krushmi Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Krushmi Developers Private Limited has 6 court cases on record: 1 filed by Krushmi Developers, 5 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 5 | 3 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Good Value Financial Services Private Limited Azb and Partners | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Good Value Financial Services Private Limited | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Good Value Financial Services Private Limited | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by Good Value Financial Services Private Limited | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Good Value Financial Services Private Limited | Disposed |
To see the full case history of Krushmi 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
No delayed payments to MSME suppliers are on our record for Krushmi Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Krushmi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK6703G1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Krushmi Developers Private Limited, buy the company report.
Recent activity
Krushmi Developers Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Kanji Bachubhai Rita ceased to be Director on 29 Jul 2022.
1 earlier event is in the company report.
Frequently asked questions
Krushmi Developers 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 29 May 2009 (17+ years old) and is registered under CIN U70200MH2009PTC192822.
Krushmi Developers has 2 current directors:
- Mehul Jadavji Shah - Director
- Hemang Jadavji Shah - Director
The latest financial statements of Krushmi Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Krushmi Developers is 27AADCK6703G1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Krushmi Developers is U70200MH2009PTC192822. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Krushmi Developers has 6 court cases on record: 1 filed by the company and 5 filed against it. 3 are pending.
Krushmi Developers was incorporated on 29 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Kanji Bachubhai Rita ceased to be Director on 29 Jul 2022. Nishit Bechar Patel ceased to be Director on 10 Mar 2021. Pravin Girish Chamaria ceased to be Director on 10 Mar 2021. Krushmi Developers has 8 board changes on record in total.
The registered office of Krushmi Developers is at 507 Floor – 5 2 Marathon Icon Ganpatrao Kadam Marg Opp Peninsula Corporate Park Lower Parel, W, Mumbai, Maharashtra, India – 400013.
Krushmi Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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