Mahica Procon Private Limited
About Mahica Procon Private Limited
Data last updated:
Mahica Procon Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 22 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70101GJ2010PTC063003. Its GSTIN is 24AAICM0218K1ZN (Gujarat).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.76 Cr. It is led by directors Paras Chamanlal Pandit and Tamanna Paras Pandit.
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 25 Shukan Mall 4th Floor Nr. Rajasthan Hospital Shahibaug, Ahmedabad, Gujarat, India – 380004.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.6 Cr. For the same year it recorded a net profit of ₹49.81 Lakh (net margin 6.6%) and EBITDA of ₹1.3 Cr (EBITDA margin 17.1%).
As per MCA filings, the company has open charges of ₹15 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address25 Shukan Mall 4th Floor Nr. Rajasthan Hospital Shahibaug, Ahmedabad, Gujarat, India – 380004
- IndustryReal Estate, Real Estate Leasing, Contractual Work
- 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 Mahica Procon Private Limited
The main business activity of Mahica Procon is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis | 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 Mahica Procon Private Limited FY 2024 filings available
Mahica Procon Private Limited reported revenue of ₹7.6 Cr for FY 2024.
Financial Statement Summary of Mahica Procon 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 | ₹1.3 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹49.81 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 Mahica Procon Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.6% | •••• | •••• | •••• | •••• |
| 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 Mahica Procon 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 Mahica Procon Private Limited
Mahica Procon 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 |
|---|---|---|---|---|---|---|
| Coniston Developers Private Limited | ₹7.61 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Akshara Infra Estate Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | 535.0% | •••• | Bhopal, Madhya Pradesh, India |
| Signet Properties Private Limited | ₹7.6 Cr (FY 2024) | •••• | •••• | 105.0% | •••• | Mumbai, Maharashtra, India |
| Saan Realty Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | 6318.0% | •••• | New Delhi, Delhi, India |
| Atlantic Realtors Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Delhi, India |
| Mahica Procon Private Limited this company | ₹7.6 Cr (FY 2024) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Amrut Tara Realty Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | 1898950.0% | •••• | Mumbai, Maharashtra, India |
| Skytech Realty Developer Private Limited | ₹7.6 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Kolkata, West Bengal, India |
| Padmavathi Developers Private Limited | ₹7.6 Cr (FY 2025) | •••• | •••• | 132.0% | •••• | Chennai, Tamil Nadu, India |
| Print Solutions Private Limited | ₹7.59 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Indore, Madhya Pradesh, India |
| Sidhshrey Developers Private Limited | ₹7.59 Cr (FY 2025) | •••• | •••• | 175208.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mahica Procon 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 Mahica Procon Private Limited
Mahica Procon Private Limited is audited by B.J. SHAH & BROS. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.J. SHAH & BROS. | 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 Mahica Procon Private Limited
Mahica Procon has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paras Chamanlal Pandit | Director | 22 Nov 2010 | 15 Years 10 Months | Current |
| Tamanna Paras Pandit | Director | 22 Nov 2010 | 15 Years 10 Months | Current |
Ownership and Shareholding of Mahica Procon 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 Mahica Procon Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Oct 2023 | State Bank of India | ₹15 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Mahica Procon Private Limited
Employment history and EPFO contributions of people linked to Mahica Procon.
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 Mahica Procon Private Limited
Mahica Procon Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Paras Chamanlal Pandit was appointed as Director on 22 Nov 2010.
Credit Ratings, Litigation & Regulatory Alerts for Mahica Procon 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 Mahica Procon 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 Mahica Procon 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 Mahica Procon Private Limited
Mahica Procon has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICM0218K1ZN | Gujarat | Active | 25 Sep 2023 |
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 Mahica Procon 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 Mahica Procon Private Limited
Mahica Procon is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 22 November 2010 (16+ years old) and is registered under CIN U70101GJ2010PTC063003.
Mahica Procon reported revenue of ₹7.6 Cr for FY 2024.
Mahica Procon has 2 current directors:
- Paras Chamanlal Pandit - Director
- Tamanna Paras Pandit - Director
Mahica Procon reported a net profit of ₹49.81 Lakh (net margin 6.6%) and EBITDA of ₹1.3 Cr (EBITDA margin 17.1%) for FY 2024, as per its filed financial statements.
The GSTIN of Mahica Procon is 24AAICM0218K1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahica Procon is U70101GJ2010PTC063003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahica Procon was incorporated on 22 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mahica Procon by revenue are Coniston Developers Private Limited, Akshara Infra Estate Private Limited, Signet Properties Private Limited, Saan Realty Private Limited, Atlantic Realtors Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Paras Chamanlal Pandit was appointed as Director on 22 Nov 2010. Tamanna Paras Pandit was appointed as Director on 22 Nov 2010.
The registered office of Mahica Procon is at 25 Shukan Mall 4th Floor Nr. Rajasthan Hospital Shahibaug, Ahmedabad, Gujarat, India – 380004.
Mahica Procon has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.76 Cr.