About Mahindra Happinest Developers Limited
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Mahindra Happinest Developers Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Lifespace Developers Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2017PLC299424. Its GSTIN is 27AALCM3124B1ZU (Maharashtra).
The company has an authorised share capital of ₹4.3 Cr and a paid-up capital of ₹3.9 Cr. It was formerly known as Mahindra Happinest Developers Private Limited. It is led by directors including Amit Kumar Sinha and Amrita Verma Chowdhury.
Its last annual general meeting (AGM) was held on 17 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹215.09 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹8.41 Cr (net margin 3.9%) and EBITDA of ₹18.11 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 174% over five years.
The company has about 52 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹42 Cr and satisfied charges of ₹80 Cr on record. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 1 case is pending. The company has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹40.03 Cr; the latest was in October 2017. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is DLF Homes Panchkula Private Limited with revenue of ₹216.61 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindrahappinest.com.
Company details
CIN history
Mahindra Happinest Developers has one previous CIN (Corporate Identification Number): U70100MH2017PTC299424. The current CIN is U70100MH2017PLC299424, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2017PLC299424 | Current |
| U70100MH2017PTC299424 | Previous |
Contact details
Mahindra Happinest Developers Limited's registered office is in Mumbai, Maharashtra. Its website is mahindrahappinest.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor A Wing Mahindra Tower, Dr. G.M. Bhosale Marg Worli, Mumbai, Maharashtra, India – 400018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Mahindra Happinest Developers 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 Mahindra Happinest 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 Mahindra Happinest Developers Limited, buy the company report.
Financials of Mahindra Happinest Developers Limited
FY 2025 filings availableMahindra Happinest Developers Limited reported revenue of ₹215.09 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 174% over five years, including 19% growth in the latest year. EBITDA rose 243% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹18.11 Cr | ||||
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| Net Profit (PAT) | ₹8.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | ||||
| Net Profit Margin | 3.9% | ||||
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To see the full financial statements and ratios of Mahindra Happinest Developers Limited, buy the company report.
Board of directors of Mahindra Happinest Developers Limited
Mahindra Happinest Developers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriram Kumar Also directs: Mahindra Knowledge Park Mohali Limited, Shreyas Stones Private Limited, Mahindra Blossom Developers Limited and 5 more | Additional Director | 04 Dec 2025 | 0 Years 10 Months | Current |
| Amit Kumar Sinha Also directs: Mahindra Lifespace Developers Limited, Mahindra World City (Jaipur) Limited, Mahindra World City Developers Limited and 5 more | Director | 18 Apr 2023 | 3 Years 6 Months | Current |
| Amrita Verma Chowdhury Also directs: ZF Commercial Vehicle Control Systems India Limited, Mahindra Lifespace Developers Limited, Nesco Limited and 5 more | Director | 04 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Mahindra Happinest Developers 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 |
|---|---|---|---|---|---|---|
| DLF Homes Panchkula Private Limited | ₹216.61 Cr (FY 2025) | 107.0% | Gurgaon, Haryana, India | |||
| Raghuleela Builders Private Limited | ₹215.7 Cr (FY 2020) | -49.0% | Mumbai, Maharashtra, India | |||
| Mahindra Happinest Developers Limitedthis company | ₹215.09 Cr (FY 2025) | ₹8.41 Cr | 3.9% | 19.0% | 52 | Mumbai, Maharashtra, India |
| Tridhaatu Realty and Infra Private Limited | ₹214.39 Cr (FY 2022) | 139.0% | Mumbai, Maharashtra, India | |||
| Duville Estates Private Limited | ₹214.35 Cr (FY 2025) | 102.0% | Pune, Maharashtra, India |
To see the full peer comparison of Mahindra Happinest Developers Limited, buy the company report.
Auditor
Mahindra Happinest Developers Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Mahindra Happinest Developers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Happinest Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jan 2021 | 100408866 | Hdfc Bank Limited | ₹42 Cr | Open | |
| 30 Jun 2018 | 100200491 | Others | ₹80 Cr | Satisfied |
To see the full charge records of Mahindra Happinest Developers Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Mahindra Happinest Developers Limited has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹40.03 Cr; the latest was in October 2017.
To see the full deal history of Mahindra Happinest Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Happinest Developers Limited has 18 court cases on record: 7 filed by Mahindra Happinest Developers, 11 filed against it. 1 case is pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 7 | 1 |
| High courts | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed against the company by Cowrks India Private Ltd | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed against the company by Amol Arjun Kambale Proprietor Shree Ashtvinayak Construction | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Court case (M.C.A.) | Filed by the company against an individual | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed by the company against an individual | Disposed |
To see the full case history of Mahindra Happinest Developers 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.
Credit ratings & regulatory alerts
Mahindra Happinest Developers Limited was last rated by Indiarating on 03 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 03 Aug 2021 |
To see the full credit ratings and regulatory alerts of Mahindra Happinest Developers Limited, buy the company report.
MSME payment delays
Mahindra Happinest Developers Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Mahindra Happinest Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mahindra Happinest Developers Limited has a workforce of 52 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Mahindra Happinest Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM3124B1ZU | Maharashtra | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Mahindra Happinest Developers Limited, buy the company report.
Recent activity
Mahindra Happinest Developers Limited has 18 board changes on record since 2018: 3 appointments and 15 cessations. The latest: Sriram Kumar was appointed as Additional Director on 04 Dec 2025.
13 earlier events are in the company report.
News
Frequently asked questions
Mahindra Happinest 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 06 September 2017 (9+ years old) and is registered under CIN U70100MH2017PLC299424.
Mahindra Happinest Developers has 3 current directors:
- Sriram Kumar - Additional Director
- Amit Kumar Sinha - Director
- Amrita Verma Chowdhury - Director
The latest financial statements of Mahindra Happinest Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 July 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Mahindra Happinest Developers is 27AALCM3124B1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mahindra Happinest Developers is U70100MH2017PLC299424. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Happinest Developers has 18 court cases on record: 7 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Mahindra Happinest Developers was incorporated on 06 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Happinest Developers has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹40.03 Cr; the latest was in October 2017.
The peers of Mahindra Happinest Developers by revenue are DLF Homes Panchkula Private Limited, Raghuleela Builders Private Limited, Tridhaatu Realty and Infra Private Limited, Duville Estates Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Sriram Kumar was appointed as Additional Director on 04 Dec 2025. Sriram Kumar ceased to be Director on 04 Dec 2025. Amrita Verma Chowdhury ceased to be Additional Director on 16 Jul 2025. Mahindra Happinest Developers has 18 board changes on record in total.
Mahindra Happinest Developers has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Oct 2020.
Mahindra Happinest Developers can be reached through the website mahindrahappinest.com. Its registered office is in Mumbai, Maharashtra, India.