About Mahindra Residential Developers Limited
Data last updated:
Mahindra Residential Developers Limited was a public limited company based in Chengalpattu, Tamil Nadu, India, operated as a subsidiary of Mahindra Integrated Township. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 February 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U45200TN2008PLC066292. Its GSTIN is 33AAFCM4258E1ZO (Tamil Nadu).
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors including Vimalendra Dashrath Singh and Vimal Agarwal.
Its last annual general meeting (AGM) was held on 15 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mahindra World City Administrative Block, Chengalpattu, Tamil Nadu, India – 603002.
As per the financials filed for FY 2022, the company reported a revenue of ₹7.03 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net profit of ₹1.51 Cr (net margin 21.5%) and EBITDA of ₹2.3 Cr (EBITDA margin 32.8%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 12% over five years.
The company was associated with 1 brand: Mahindra. As per MCA filings, the company had satisfied charges of ₹81 Cr on record. Court records list 39 cases involving the company, including 11 filed by the company and 28 filed against it; 13 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.47 Cr; the latest was in February 2013. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is Udayshree Buildcon Private Limited with revenue of ₹7.03 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is mahindra.com.
Company details
Contact details
Mahindra Residential Developers Limited's registered office is in Chengalpattu, Tamil Nadu. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressMahindra World City Administrative Block, Chengalpattu, Tamil Nadu, India – 603002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Mahindra Residential 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
Brands
Mahindra Residential Developers operates one associated brand: Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com |
Business activity
The main business activity of Mahindra Residential 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 Residential Developers Limited, buy the company report.
Financials of Mahindra Residential Developers Limited
FY 2022 filings availableMahindra Residential Developers Limited reported revenue of ₹7.03 Cr (down 68% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 68% fall in the latest year. EBITDA fell 53% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.03 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.51 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 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 32.8% | ||||
| Net Profit Margin | 21.5% | ||||
| 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 Mahindra Residential Developers Limited, buy the company report.
Board of directors of Mahindra Residential Developers Limited
Mahindra Residential Developers has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimalendra Dashrath Singh Also directs: Shreyas Stones Private Limited, Mahindra Blossom Developers Limited, Mahindra Kandivali Developers Limited and 5 more | Director | 31 Jan 2022 | 4 Years 9 Months | As last reported |
| Vimal Agarwal | Director | 18 Jan 2020 | 6 Years 9 Months | As last reported |
| Sanjay Ramakant Nadkarni | Director | 21 Apr 2020 | 6 Years 6 Months | As last reported |
Peer comparison
Mahindra Residential Developers Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Udayshree Buildcon Private Limited | ₹7.03 Cr (FY 2025) | 28.0% | Kanpur, Uttar Pradesh, India | |||
| Royal Build and Real Estate Private Limited | ₹7.03 Cr (FY 2025) | 74.0% | Ujjain, Madhya Pradesh, India | |||
| SDC Properties Private Limited | ₹7.03 Cr (FY 2025) | 22.0% | Mumbai, Maharashtra, India | |||
| Mahindra Residential Developers Limitedthis company | ₹7.03 Cr (FY 2022) | ₹1.51 Cr | 21.5% | -68.0% | Chengalpattu, Tamil Nadu, India | |
| Concept Homes India Private Limited | ₹7.03 Cr (FY 2025) | 3.0% | Chennai, Tamil Nadu, India | |||
| H & V Engineering and Constructions Private Limited | ₹7.02 Cr (FY 2018) | -55.0% | Thane, Maharashtra, India |
To see the full peer comparison of Mahindra Residential Developers Limited, buy the company report.
Auditor
Mahindra Residential Developers Limited is audited by B. K. Khare & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2022 | 105102W |
Shareholding
The shareholding of Mahindra Residential Developers Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Residential Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2016 | 100031900 | Hdfc Bank Limited | ₹20 Cr | Satisfied | |
| 18 Jan 2011 | 10271180 | Housing Development Finance Corporation Limited | ₹61 Cr | Satisfied |
To see the full charge records of Mahindra Residential Developers Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Mahindra Residential Developers Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.47 Cr; the latest was in February 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2013 | Secondary share transfer | Undisclosed | Seller: ARCH Capital Asian Partners |
| Apr 2008 | Funding round | ₹54.47 Cr | Investors: ARCH Capital Asian Partners, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Residential Developers Limited has 39 court cases on record: 11 filed by Mahindra Residential Developers, 28 filed against it. 13 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 38 | 28 | 13 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Petition | Filed by the company against M/S.Gannon Dunkerley and Co.Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S.Gannon Dunkerley and Co.Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Gannon Dunkerley and Co. Ltd., | Disposed |
| Madras High Court | Writ petition | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
To see the full case history of Mahindra Residential 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.
MSME payment delays
Mahindra Residential Developers Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment 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 |
|---|---|---|---|
| Bala Associates Engineers & Contractors Private Limited |
To see the full MSME payment records of Mahindra Residential Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mahindra Residential Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCM4258E1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahindra Residential Developers Limited, buy the company report.
Recent activity
Mahindra Residential Developers Limited has 25 board changes on record since 2008: 3 appointments and 22 cessations. The latest: Vimalendra Dashrath Singh ceased to be Additional Director on 15 Jul 2022.
20 earlier events are in the company report.
News
Frequently asked questions
Mahindra Residential Developers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mahindra Residential Developers was a public limited company based in Chengalpattu, Tamil Nadu, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 February 2008 and is registered under CIN U45200TN2008PLC066292. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mahindra Residential Developers was incorporated on 01 February 2008. It is registered with the Registrar of Companies, Chennai.
Mahindra Residential Developers had 3 directors:
- Vimalendra Dashrath Singh - Director
- Vimal Agarwal - Director
- Sanjay Ramakant Nadkarni - Director
The CIN (Corporate Identification Number) of Mahindra Residential Developers is U45200TN2008PLC066292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mahindra Residential Developers is at Mahindra World City Administrative Block, Chengalpattu, Tamil Nadu, India – 603002.
Mahindra Residential Developers can be reached through the website mahindra.com. Its registered office is in Chengalpattu, Tamil Nadu, India.
The latest financial statements of Mahindra Residential Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 July 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra Residential Developers is 33AAFCM4258E1ZO, registered in Tamil Nadu.
Mahindra Residential Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
Mahindra Residential Developers has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹54.47 Cr; the latest was in February 2013.
The peers of Mahindra Residential Developers by revenue are Udayshree Buildcon Private Limited, Royal Build and Real Estate Private Limited, SDC Properties Private Limited, Concept Homes India Private Limited, H & V Engineering and Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
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