About Maharashtra Housing Development Corporation Limited
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Maharashtra Housing Development Corporation Limited is a private limited state government 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 28 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45500MH2019SGC320271. Its GSTIN is 27AAMCM3997M1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹595 Cr. It is led by directors including Ajit Malhari Kawade and Gulab Rajaram Kharat.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Off 31 & 32 Floor – 3 Plot – 230 Sakhar Bhavan Ramnath Goynka Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.76 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹2.8 Cr (net margin 41.4%) and EBITDA of ₹4.03 Cr (EBITDA margin 59.7%).
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹100 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending.
For more details, the company can be reached via its website mahahousing.mahaonline.gov.in.
Company details
Contact details
Maharashtra Housing Development Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is mahahousing.mahaonline.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressOff 31 & 32 Floor – 3 Plot – 230 Sakhar Bhavan Ramnath Goynka Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Maharashtra Housing Development Corporation 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 Maharashtra Housing Development Corporation 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 Maharashtra Housing Development Corporation Limited, buy the company report.
Financials of Maharashtra Housing Development Corporation Limited
FY 2022 filings availableMaharashtra Housing Development Corporation Limited reported revenue of ₹6.76 Cr (up 34% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 34% in the latest year. EBITDA rose 66% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹6.76 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.03 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.8 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 59.7% | |||
| Net Profit Margin | 41.4% | |||
| 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 | ||||
To see the full financial statements and ratios of Maharashtra Housing Development Corporation Limited, buy the company report.
Board of directors of Maharashtra Housing Development Corporation Limited
Maharashtra Housing Development Corporation has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Malhari Kawade | Additional Director | 05 May 2023 | 3 Years 6 Months | Current |
| Gulab Rajaram Kharat | Nominee Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Pankaj Rajesh Bhoyar | Additional Director | 08 May 2025 | 1 Years 6 Months | Current |
| Valsa Ramannair Singh | Additional Director | 25 Jun 2024 | 2 Years 4 Months | Current |
| Sanjeev Jaiswal Also directs: Smart Kalyan Dombivli Development Corporation Limited | Nominee Director | 02 Jun 2023 | 3 Years 5 Months | Current |
| Mahendra Punjarao Kalyankar Also directs: Adani Navbharat Developers Private Limited | Nominee Director | 30 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Maharashtra Housing Development Corporation 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pbsamp Projects Private Limited | ₹6.76 Cr (FY 2025) | 41.0% | Hyderabad, Telangana, India | |||
| Maharashtra Housing Development Corporation Limitedthis company | ₹6.76 Cr (FY 2022) | ₹2.8 Cr | 41.4% | 34.0% | 26 | Mumbai, Maharashtra, India |
| Elysium Real Properties Private Limited | ₹6.76 Cr (FY 2025) | -34.0% | Coimbatore, Tamil Nadu, India | |||
| Morias Infrastructure Private Limited | ₹6.76 Cr (FY 2024) | -42.0% | Kolkata, West Bengal, India | |||
| Estate Buildcon Private Limited | ₹6.75 Cr (FY 2024) | -76.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Maharashtra Housing Development Corporation Limited, buy the company report.
Auditor
Maharashtra Housing Development Corporation Limited is audited by S.P Ladda & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P Ladda & Associates | FY 2022 | 130549W |
Shareholding
The shareholding of Maharashtra Housing Development Corporation Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maharashtra Housing Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 2024 | 100969116 | Others | ₹100 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Maharashtra Housing Development Corporation Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by M/S Dhansmruti Buildcon Pvt. Ltd. | Pending |
| Bombay High Court | Writ petition | Filed against the company by M/S. Dhansmruti Buildcon Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Rudra Super Structures LLP | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by individuals | Disposed |
To see the full case history of Maharashtra Housing Development Corporation 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 Maharashtra Housing Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maharashtra Housing Development Corporation Limited has a workforce of 26 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Maharashtra Housing Development Corporation has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM3997M1ZH | Maharashtra | Active | 08 May 2019 |
| 27AAMCM3997M1DQ | Maharashtra | Active | 05 Sep 2020 |
To see the full GST registrations and return filing status of Maharashtra Housing Development Corporation Limited, buy the company report.
Recent activity
Maharashtra Housing Development Corporation Limited has 17 board changes on record since 2021: 8 appointments and 9 cessations. The latest: Trambak Damodar Kasar was appointed as Additional Director on 15 Oct 2025.
9 earlier events are in the company report.
Frequently asked questions
Maharashtra Housing Development Corporation is an active private limited state government 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 28 January 2019 (7+ years old) and is registered under CIN U45500MH2019SGC320271.
Maharashtra Housing Development Corporation has 8 current directors:
- Ajit Malhari Kawade - Additional Director
- Gulab Rajaram Kharat - Nominee Director
- Pankaj Rajesh Bhoyar - Additional Director
- Valsa Ramannair Singh - Additional Director
- Sanjeev Jaiswal - Nominee Director
- Mahendra Punjarao Kalyankar - Nominee Director
- Vivek Rambhaji Dahiphale - Additional Director
- Trambak Damodar Kasar - Additional Director
The latest financial statements of Maharashtra Housing Development Corporation on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Maharashtra Housing Development Corporation is 27AAMCM3997M1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAMCM3997M1DQ (Maharashtra).
The CIN (Corporate Identification Number) of Maharashtra Housing Development Corporation is U45500MH2019SGC320271. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Housing Development Corporation has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the high courts.
Maharashtra Housing Development Corporation was incorporated on 28 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Maharashtra Housing Development Corporation by revenue are Pbsamp Projects Private Limited, Elysium Real Properties Private Limited, Morias Infrastructure Private Limited, Estate Buildcon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Trambak Damodar Kasar was appointed as Additional Director on 15 Oct 2025. Pankaj Rajesh Bhoyar was appointed as Additional Director on 08 May 2025. Vivek Rambhaji Dahiphale was appointed as Additional Director on 11 Nov 2024. Maharashtra Housing Development Corporation has 17 board changes on record in total.
Maharashtra Housing Development Corporation can be reached through the website mahahousing.mahaonline.gov.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Maharashtra Housing Development Corporation is at Off 31 & 32 Floor – 3 Plot – 230 Sakhar Bhavan Ramnath Goynka Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
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