About Mahesh Developers Limited
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Mahesh Developers Limited is a public 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 28 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45200MH2008PLC186276. Its GSTIN is 27AAFCM9590H1ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active. It is a listed company.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.15 Cr. It was formerly known as Mahesh Developers Private Limited. It is led by directors including Mahesh Ratilal Sapariya (Managing Director) and Jayram Sunderdas Mulchandani.
Its last annual general meeting (AGM) was held on 29 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
The company is associated with 1 brand: Mahesh Group. As per MCA filings, the company has satisfied charges of ₹25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maheshdevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUma Shikhar 13th Road Behind Khar Telephone Exchange Khar (We, St), Mumbai, Maharashtra, India – 400052
- 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
CIN History of Mahesh Developers Limited
Mahesh Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200MH2008PLC186276, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200MH2008PLC186276 | Current |
| U45200MH2008PLC186276 | Previous |
| U45200MH2008PTC186276 | Previous |
Associated Brands with Mahesh Developers Limited
Mahesh Developers operates one associated brand: Mahesh Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial real estate development services are provided. | maheshdevelopers.com |
Competitors & Alternatives of Mahesh Developers Limited
Brands and companies operating in the same space as Mahesh Developers Limited include Godrej Properties, Vingroup, Nagarjuna Construction Company and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Godrej Properties | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India | 1990 |
 Vingroup | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam | 1993 |
 Nagarjuna Construction Company | Commercial property development services are provided in India. | Hyderabad, India | 1978 |
 Howard Hughes | Residential and commercial properties are developed across the United States. | Dallas, United States | 2010 |
 DLF India | Provider of property and real estate development services | Gurugram, India | 1947 |
 Lendlease | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia | 1958 |
 Frasers Property | Residential and commercial properties are developed and managed across regions. | Singapore | 1924 |
 Sunac | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China | 2003 |
 STRABAG | Provider of construction management services | Vienna, Austria | 1835 |
 Vanke | Real estate properties are developed in over 50 cities. | Shenzhen, China | 1984 |
Business Activity of Mahesh Developers Limited
The main business activity of Mahesh 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.
Auditor Details of Mahesh Developers Limited
Mahesh Developers Limited is audited by BHAIRAVI AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHAIRAVI AND 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 Mahesh Developers Limited
Mahesh Developers has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Ratilal Sapariya Also directs: Krishna Mega Structure LLP | Managing Director | 28 Aug 2008 | 18 Years 1 Months | Current |
| Jayram Sunderdas Mulchandani Also directs: Red One Entertainment Limited | Director | 14 Nov 2019 | 6 Years 10 Months | Current |
| Nikunj Shah | Director | 04 Mar 2020 | 6 Years 7 Months | Current |
| Ratilal Ambabhai Sapariya | Director | 13 Feb 2021 | 5 Years 7 Months | Current |
| Jalpa Mahesh Sapariya | Director | 13 Feb 2021 | 5 Years 7 Months | Current |
| Mittal Vipul Mehta Also directs: Grocella Mart Private Limited | Additional Director | 01 Sep 2023 | 3 Years 1 Months | Current |
Financials of Mahesh Developers Limited FY 2025-26 filings available
Mahesh Developers Limited reported revenue of ₹- for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.96 |
| Revenue growth | - | - | - | - | - | -100.0% | - |
| EBITDA | 0.19 | 0.04 | 0.23 | 0.50 | 0.47 | (0.14) | 0.56 |
| EBITDA margin | - | - | - | - | - | - | +58.3% |
| Profit before tax | 0.19 | 0.04 | 0.03 | 0.10 | 0.09 | (0.13) | 0.17 |
| Net profit | 0.14 | 0.03 | 0.03 | 0.08 | 0.07 | (0.13) | 0.12 |
| Net profit margin | - | - | - | - | - | - | +12.5% |
| EPS (₹) | 0.33 | 0.06 | 0.06 | 0.16 | 0.16 | (0.33) | 0.27 |
| Balance sheet | |||||||
| Total assets | - | 14.80 | 14.51 | 11.25 | 21.36 | 22.42 | 22.17 |
| Net worth | - | 3.95 | 3.93 | 3.90 | 5.68 | 5.24 | 5.37 |
| Total debt | - | 10.85 | 10.58 | 7.34 | 15.67 | 17.18 | 16.80 |
| Cash & bank | - | 0.72 | 0.70 | 0.73 | 0.55 | 0.54 | 0.21 |
| Net working capital | - | (23.98) | (23.64) | (22.15) | (7.60) | (0.92) | 1.32 |
| Cash flow | |||||||
| Cash from operations | - | 0.94 | 0.40 | 8.28 | 1.28 | 0.36 | (0.32) |
| Cash from investing | - | (1.18) | (3.67) | 0.23 | 0.23 | (0.41) | 0.60 |
| Cash from financing | - | 0.27 | 3.24 | (8.33) | (1.51) | 0.39 | (0.22) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | (0.01) | (0.11) | (0.03) | (0.03) | (0.02) | (0.06) | (0.01) | (0.01) |
| EBITDA | 0.01 | 0.11 | 0.03 | 0.03 | 0.02 | 0.06 | 0.01 | 0.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.11 | 0.03 | 0.03 | 0.02 | 0.06 | 0.01 | 0.01 |
| Tax | 0.00 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | (0.01) | (0.11) | (0.03) | (0.03) | (0.02) | (0.06) | (0.01) | (0.01) |
| EBITDA | 0.01 | 0.11 | 0.03 | 0.03 | 0.02 | 0.06 | 0.01 | 0.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.01 | 0.11 | 0.03 | 0.03 | 0.02 | 0.06 | 0.01 | 0.01 |
| Tax | 0.00 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.96 |
| Revenue growth | - | - | - | - | - | -100.0% | - |
| Other income | 0.00 | 0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.05 |
| Total expenses | (0.19) | (0.04) | (0.23) | (0.50) | (0.47) | 0.14 | 0.40 |
| Employee cost | 0.00 | 0.00 | 0.04 | 0.02 | 0.04 | 0.01 | 0.00 |
| EBITDA | 0.19 | 0.04 | 0.23 | 0.50 | 0.47 | (0.14) | 0.56 |
| EBITDA margin | - | - | - | - | - | - | +58.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.22 | 0.40 | 0.39 | 0.00 | 0.44 |
| Profit before tax | 0.19 | 0.04 | 0.03 | 0.10 | 0.09 | (0.13) | 0.17 |
| Tax | 0.05 | 0.01 | 0.00 | 0.02 | 0.02 | 0.00 | 0.05 |
| Net profit | 0.14 | 0.03 | 0.03 | 0.08 | 0.07 | (0.13) | 0.12 |
| Net profit margin | - | - | - | - | - | - | +12.5% |
| EPS (₹) | 0.33 | 0.06 | 0.06 | 0.16 | 0.16 | (0.33) | 0.27 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 | 4.15 |
| Reserves & surplus | - | (0.20) | (0.22) | (0.25) | 1.53 | 1.09 | 1.22 |
| Shareholders' funds (net worth) | - | 3.95 | 3.93 | 3.90 | 5.68 | 5.24 | 5.37 |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 10.85 | 10.58 | 7.34 | 15.67 | 17.18 | 16.80 |
| Total debt | - | 10.85 | 10.58 | 7.34 | 15.67 | 17.18 | 16.80 |
| Total liabilities | - | 14.80 | 14.51 | 11.25 | 21.36 | 22.42 | 22.17 |
| Assets | |||||||
| Gross block | - | 3.19 | 3.19 | 3.21 | 3.09 | 4.03 | 4.03 |
| Net block | - | 3.19 | 3.19 | 3.20 | 3.09 | 4.03 | 4.03 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 15.59 | 13.49 |
| Investments | - | 7.70 | 6.52 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.42 | 0.47 |
| Cash & bank balances | - | 0.72 | 0.70 | 0.73 | 0.55 | 0.54 | 0.21 |
| Loans & advances | - | 7.88 | 5.52 | 5.08 | 3.28 | 2.27 | 2.37 |
| Total current assets | - | 8.60 | 6.22 | 5.81 | 3.83 | 3.23 | 3.05 |
| Total current liabilities | - | 32.58 | 29.86 | 27.96 | 11.43 | 4.15 | 1.73 |
| Net working capital | - | (23.98) | (23.64) | (22.15) | (7.60) | (0.92) | 1.32 |
| Total assets | - | 14.80 | 14.51 | 11.25 | 21.36 | 22.42 | 22.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.70 | 0.73 | 0.55 | 0.54 | 0.21 | 0.14 |
| Net cash from operating activities | - | 0.94 | 0.40 | 8.28 | 1.28 | 0.36 | (0.32) |
| Net cash from investing activities | - | (1.18) | (3.67) | 0.23 | 0.23 | (0.41) | 0.60 |
| Net cash from financing activities | - | 0.27 | 3.24 | (8.33) | (1.51) | 0.39 | (0.22) |
| Net change in cash | - | 0.02 | (0.03) | 0.18 | 0.00 | 0.34 | 0.06 |
| Closing cash | - | 0.72 | 0.70 | 0.73 | 0.55 | 0.54 | 0.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | - | - | - | - | -100.0% | - |
| EBITDA growth | +375.0% | -82.6% | -54.0% | +6.4% | +435.7% | -125.0% | - |
| PBT growth | +375.0% | +33.3% | -70.0% | +11.1% | +9998.0% | - | +1600.0% |
| Net income growth | +366.7% | 0.0% | -62.5% | +14.3% | +153.9% | -208.3% | - |
| Revenue CAGR (3Y) | - | - | - | -100.0% | -100.0% | -100.0% | -66.1% |
| EBITDA CAGR (3Y) | -27.6% | -56.0% | - | -3.7% | +16.1% | - | -26.0% |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | - | - | - | +12.5% |
| Return on capital employed | - | +0.2% | +1.9% | +3.0% | +2.2% | -0.6% | +2.7% |
| Return on net worth | - | +0.5% | +0.8% | +1.5% | +1.3% | -2.6% | +2.1% |
| Debt / equity | - | 2.72 | 2.29 | 2.40 | 3.01 | 3.20 | 3.18 |
| Long-term debt / equity | - | 0.00 | 0.94 | 2.40 | 3.01 | 3.20 | 3.18 |
| Interest cover | 0.00 | 0.00 | 95.65 | 80.00 | 82.98 | 0.00 | 78.57 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.24 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 |
| Debtors turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.96 |
| EPS (₹) | 0.33 | 0.06 | 0.06 | 0.16 | 0.16 | (0.33) | 0.27 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 9.52 | 9.47 | 9.41 | 13.68 | 12.62 | 12.94 |
Shareholding Pattern of Mahesh Developers Limited
Shareholding for the quarter ended Sep 2026: promoters hold 72.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 72.30% | 72.30% | 72.30% | 72.30% |
| Public | 27.70% | 27.70% | 27.70% | 27.70% |
Charges & Borrowings of Mahesh Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2015 | Bank of Maharashtra | ₹25 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mahesh Developers Limited
Employment history and EPFO contributions of people linked to Mahesh 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.
GST Compliance of Mahesh Developers Limited
Mahesh Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM9590H1ZY | 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
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Credit Ratings, Litigation & Regulatory Alerts for Mahesh Developers 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
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MSME Payment Delays by Mahesh Developers 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
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Subsidiaries & Group Companies of Mahesh Developers 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
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MCA Filings & Documents of Mahesh Developers 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
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Recent Activity on Mahesh Developers Limited
Recent News on Mahesh Developers Limited
Frequently Asked Questions about Mahesh Developers Limited
Mahesh Developers is an active public 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 28 August 2008 (18+ years old) and is registered under CIN L45200MH2008PLC186276.
Mahesh Developers has 6 current directors:
- Mahesh Ratilal Sapariya - Managing Director
- Jayram Sunderdas Mulchandani - Director
- Nikunj Shah - Director
- Ratilal Ambabhai Sapariya - Director
- Jalpa Mahesh Sapariya - Director
- Mittal Vipul Mehta - Additional Director
The GSTIN of Mahesh Developers is 27AAFCM9590H1ZY, 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 Mahesh Developers is L45200MH2008PLC186276. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes, Mahesh Developers is a listed company.
Mahesh Developers was incorporated on 28 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahesh Developers can be reached through the website maheshdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Mahesh Developers is at Uma Shikhar 13th Road Behind Khar Telephone Exchange Khar We, St, Mumbai, Maharashtra, India – 400052.
Mahesh Developers has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.15 Cr.