India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,608 Chetan Ramniklal Shah & family ₹1,200 Cr
- #1,608 Mayur Ramniklal Shah & family ₹1,200 Cr
Revenue · FY 2025
₹35.21 Cr
Latest filing
Net profit · FY 2025
₹7.86 Cr
Net margin 22.3%
EBITDA · FY 2025
₹11.84 Cr
EBITDA margin 33.6%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹50 Cr
Satisfied ₹125 Cr
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings
About Marathon Panvel Infrastructures Private Limited
Data last updated:
Marathon Panvel Infrastructures Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Marathon Realty Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 March 2006 and has been in existence for over 20 years.
Its director Chetan Ramniklal Shah and family are #1,608 among India's richest people (2026). Its director Mayur Ramniklal Shah and family are #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC160346. Its GSTIN is 27AAECM6462F1ZE (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Marathon Prachin Infrastructures Private Limited. It is led by directors Chetan Ramniklal Shah and Mayur Ramniklal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 702 Marathon Max Junction Of Mulund – Goregaon Link Road Mulund West, Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.21 Cr. For the same year it recorded a net profit of ₹7.86 Cr (net margin 22.3%) and EBITDA of ₹11.84 Cr (EBITDA margin 33.6%).
As per MCA filings, the company has open charges of ₹50 Cr and satisfied charges of ₹125 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marathonrealty.com.
Company details
CIN U45200MH2006PTC160346
Registration Number 160346
Incorporation Date 08 March 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Marathon Realty Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of Marathon Panvel Infrastructures
Contact details
Marathon Panvel Infrastructures Private Limited's registered office is in Mumbai, Maharashtra. Its website is marathonrealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address702 Marathon Max Junction Of Mulund – Goregaon Link Road Mulund West, Mumbai, Maharashtra, India – 400080
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Marathon Panvel Infrastructures Private Limited, buy the company report.
Comprehensive company report
Marathon Panvel Infrastructures Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Marathon Panvel Infrastructures is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Marathon Panvel Infrastructures Private Limited
FY 2025 filings availableMarathon Panvel Infrastructures Private Limited reported revenue of ₹35.21 Cr for FY 2025.
Revenue · FY 2025
₹35.21 Cr
Net profit · FY 2025
₹7.86 Cr margin 22.3%
EBITDA · FY 2025
₹11.84 Cr margin 33.6%
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹11.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.86 Cr | ||||
| Balance Sheet | |||||
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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 | 33.6% | ||||
| Net Profit Margin | 22.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Marathon Panvel Infrastructures Private Limited, buy the company report.
Board of directors of Marathon Panvel Infrastructures Private Limited
Marathon Panvel Infrastructures has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 08 Mar 2006 | 20 Years 7 Months | Current |
| Mayur Ramniklal Shah Also directs: Marathon Construction LLP, Marathon Buildcon LLP, Matrix Green Housing and Commercial Developers LLP and 5 more | Director | 08 Mar 2006 | 20 Years 7 Months | Current |
Peer comparison
Marathon Panvel Infrastructures Private 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 (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Annika Promoters Private Limited | ₹35.33 Cr (FY 2021) | -11.0% | New Delhi, Delhi, India | |||
| Spaze Towers Private Limited | ₹35.25 Cr (FY 2023) | -72.0% | Gurugram, Haryana, India | |||
| Muthammal Estates Private Limited | ₹35.24 Cr (FY 2025) | 281.0% | Chennai, Tamil Nadu, India | |||
| Marathon Panvel Infrastructures Private Limitedthis company | ₹35.21 Cr (FY 2025) | ₹7.86 Cr | 22.3% | Mumbai, Maharashtra, India | ||
| Snowwhite Infrastructure Private Limited | ₹35.17 Cr (FY 2025) | -70.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Marathon Panvel Infrastructures Private Limited, buy the company report.
Auditor
Marathon Panvel Infrastructures Private Limited is audited by V R BHABHRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V R BHABHRA & CO. | FY 2023 | 112861W |
Shareholding
The shareholding of Marathon Panvel Infrastructures Private 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Marathon Panvel Infrastructures Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
₹125 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101081404 | Others | ₹50 Cr | Open | |
| 30 Jul 2015 | 10591236 | Capital First Limited | ₹100 Cr | Satisfied | |
| 08 May 2014 | 10503542 | Capital First Limited | ₹25 Cr | Satisfied |
To see the full charge records of Marathon Panvel Infrastructures Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Marathon Panvel Infrastructures Private Limited has 1 court case on record: 1 filed by Marathon Panvel Infrastructures. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Saga Builders Private Limited and 1 other | Pending |
To see the full case history of Marathon Panvel Infrastructures Private 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 Marathon Panvel Infrastructures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Marathon Panvel Infrastructures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM6462F1ZE | Maharashtra | Active | 01 Nov 2018 |
To see the full GST registrations and return filing status of Marathon Panvel Infrastructures Private Limited, buy the company report.
Recent activity
Marathon Panvel Infrastructures Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Shailaja Chetan Shah ceased to be Director on 01 Jan 2016.
AGM
Marathon Panvel Infrastructures Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Marathon Panvel Infrastructures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101081404 was registered on 26 Mar 2025.
Charges
A charge registered on 30 Jul 2015 via Charge ID 10591236 with Capital First Limited was fully satisfied on 17 Feb 2017.
Ceased
Shailaja Chetan Shah ceased to be Director.
Charges
A charge registered on 08 May 2014 via Charge ID 10503542 with Capital First Limited was fully satisfied on 07 Aug 2015.
Charges
A charge with Capital First Limited amounted to Rs. 100.00 Cr with Charge ID 10591236 was registered on 30 Jul 2015.
Ceased
Rajesh Ramchandra Dake ceased to be Director.
Charges
A charge with Capital First Limited amounted to Rs. 25.00 Cr with Charge ID 10503542 was registered on 08 May 2014.
Appointed
Chetan Ramniklal Shah was appointed as Director.
Appointed
Mayur Ramniklal Shah was appointed as Director.
Incorporation
08 Mar 2006
Marathon Panvel Infrastructures Private Limited was registered on 08 Mar 2006 with Roc Mumbai & aged 20 years 7 months as per MCA records.
Frequently asked questions
Marathon Panvel Infrastructures is an active private 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 08 March 2006 (20+ years old) and is registered under CIN U45200MH2006PTC160346.
Marathon Panvel Infrastructures has 2 current directors:
- Chetan Ramniklal Shah - Director
- Mayur Ramniklal Shah - Director
The latest financial statements of Marathon Panvel Infrastructures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Marathon Panvel Infrastructures is 27AAECM6462F1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Marathon Panvel Infrastructures is U45200MH2006PTC160346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marathon Panvel Infrastructures has 1 court case on record: 1 filed by the company. 1 is pending.
Marathon Panvel Infrastructures was incorporated on 08 March 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Marathon Panvel Infrastructures by revenue are Annika Promoters Private Limited, Spaze Towers Private Limited, Muthammal Estates Private Limited, Snowwhite Infrastructure Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Shailaja Chetan Shah ceased to be Director on 01 Jan 2016. Rajesh Ramchandra Dake ceased to be Director on 25 Mar 2015. Chetan Ramniklal Shah was appointed as Director on 08 Mar 2006. Marathon Panvel Infrastructures has 4 board changes on record in total.
Marathon Panvel Infrastructures can be reached through the website marathonrealty.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Marathon Panvel Infrastructures is at 702 Marathon Max Junction Of Mulund – Goregaon Link Road Mulund West, Mumbai, Maharashtra, India – 400080.