Krushmi Developers Private Limited
About Krushmi Developers Private Limited
Data last updated:
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.
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- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Krushmi Developers Private Limited
The main business activity of Krushmi Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Krushmi Developers Private Limited FY 2024 filings available
Krushmi Developers Private Limited reported revenue of ₹1.64 Cr (up 18815% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Krushmi Developers Private Limited
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 of Krushmi Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹84.61 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹84.65 Lakh | •••• | •••• | •••• | •••• |
| 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 Krushmi Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -51.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -51.6% | •••• | •••• | •••• | •••• |
| 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 Krushmi Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Krushmi Developers Private Limited
Krushmi Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Good Earth Build Well Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bhiwandi, Maharashtra, India |
| Pure Heights Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Pristine Greenview Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | -79.0% | •••• | New Delhi, Delhi, India |
| Centwin Hotels Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 123.0% | •••• | Chennai, Tamil Nadu, India |
| Akms Developers Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Krushmi Developers Private Limited this company | ₹1.64 Cr (FY 2024) | •••• | •••• | 18815.0% | •••• | Mumbai, Maharashtra, India |
| Prakalpa Properties Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 993.0% | •••• | Hosur, Tamil Nadu, India |
| Mahagun Real Estate Private Limited | ₹1.64 Cr (FY 2024) | •••• | •••• | -87.0% | •••• | Delhi, India |
| Aishwarya Growers Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | New Delhi, Delhi, India |
| Sandeep Investments Ltd | ₹1.64 Cr (FY 2024) | •••• | •••• | 152.0% | •••• | Kolkata, West Bengal, India |
| A-1 Design & Construction Private Limited | ₹1.64 Cr (FY 2025) | •••• | •••• | 51.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Krushmi Developers by revenue in the Real Estate industry (Builders and Developers), 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 Krushmi Developers Private Limited
Krushmi Developers Private Limited is audited by B H BHATT & ASSOCIATES for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B H BHATT & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 7 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 7 Months | Current |
Ownership and Shareholding of Krushmi Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Krushmi Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Apr 2012 | Union Bank of India | ₹18.7 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Krushmi Developers Private Limited
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. Status as checked between 21 Sep 2026 and 03 Oct 2026.
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 |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Good Value Financial Services Private Limited | Pending |
| Bombay High Court | Court case (NMCD) | 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 | Commercial suit | Filed against the company by Good Value Financial Services Private Limited | Disposed |
| Bombay High Court | Commercial suit | Filed by the company against an individual | Pending |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Krushmi Developers Private Limited
Employment history and EPFO contributions of people linked to Krushmi Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Krushmi Developers Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Krushmi Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Krushmi Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Krushmi Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Krushmi Developers Private Limited
Krushmi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK6703G1ZN | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Krushmi Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Krushmi Developers Private Limited
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 reported revenue of ₹1.64 Cr for FY 2024 (up 18815% YoY).
Krushmi Developers has 2 current directors:
- Mehul Jadavji Shah - Director
- Hemang Jadavji Shah - Director
Krushmi Developers reported a net loss of ₹84.65 Lakh (net margin -51.6%) and EBITDA of -₹84.61 Lakh (EBITDA margin -51.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Krushmi Developers is -36% over three years and -14% over five years. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Krushmi Developers by revenue are Good Earth Build Well Private Limited, Pure Heights Private Limited, Pristine Greenview Private Limited, Centwin Hotels Private Limited, Akms Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
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.