About Marvel Realtors and Developers Limited
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Marvel Realtors and Developers Limited is a public limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U70102PN2006PLC128506. Its GSTIN is 27AAFCM6433R1ZT (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.2 Cr and a paid-up capital of ₹2.11 Cr. It is led by directors including Vishwajeet Subhash Jhavar and Azim Aziz Khan.
Its last annual general meeting (AGM) was held on 28 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No 301 – 302 Jewel Tower Survey No 25/H Lane No 5 Koregaon Park, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2016, the company reported a revenue of ₹46.46 Cr, a growth of 59% compared to the previous year. For the same year it recorded a net loss of ₹28.97 Cr (net margin -62.4%) and EBITDA of ₹29.47 Cr (EBITDA margin 63.4%).
The company has about 39 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
The company is associated with 1 brand: Marvel Realtors. As per MCA filings, the company has open charges of ₹737.23 Cr and satisfied charges of ₹1,077.48 Cr on record. Court records list 124 cases involving the company, including 42 filed by the company and 82 filed against it; 45 cases are pending. The company has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹9.21 Cr; the latest was in July 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Innovative Techno Park Private Limited with revenue of ₹116.81 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website marvelrealtors.com.
Company details
Contact details
Marvel Realtors and Developers Limited's registered office is in Pune, Maharashtra. Its website is marvelrealtors.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No 301 – 302 Jewel Tower Survey No 25/H Lane No 5 Koregaon Park, Pune, Maharashtra, India – 411001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Marvel Realtors and 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
Marvel Realtors and Developers operates one associated brand: Marvel Realtors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial projects are developed in Pune, India. | marvelrealtors.com |
Business activity
The main business activity of Marvel Realtors and Developers 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 |
To see the full business activity and turnover split of Marvel Realtors and Developers Limited, buy the company report.
Financials of Marvel Realtors and Developers Limited
FY 2024 filings availableMarvel Realtors and Developers Limited reported revenue of ₹46.46 Cr (up 59% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 59% in the latest year. EBITDA rose 162% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹46.46 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹29.47 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹28.97 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 63.4% | |
| Net Profit Margin | -62.4% | |
| 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 Marvel Realtors and Developers Limited, buy the company report.
Board of directors of Marvel Realtors and Developers Limited
Marvel Realtors and Developers has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwajeet Subhash Jhavar | Director | 24 May 2007 | 19 Years 5 Months | Current |
| Azim Aziz Khan Also directs: Pax Homes LLP, Marvel Precast Structures India LLP, Marvel Asta Constructions LLP and 5 more | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
| Gunvant Malleshi Kshatri | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Marvel Realtors and Developers Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Innovative Techno Park Private Limited | ₹116.81 Cr (FY 2025) | 293.0% | Gurugram, Haryana, India | |||
| Fairfox Itinfra Private Limited | ₹115.89 Cr (FY 2025) | -28.0% | Noida, Uttar Pradesh, India | |||
| Viraj Constructions Private Limited | ₹115.76 Cr (FY 2025) | 35.0% | Lucknow, Uttar Pradesh, India | |||
| Marvel Realtors and Developers Limitedthis company | ₹46.46 Cr (FY 2016) | -₹28.97 Cr | -62.4% | 59.0% | 39 | Pune, Maharashtra, India |
To see the full peer comparison of Marvel Realtors and Developers Limited, buy the company report.
Auditor
Marvel Realtors and Developers Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2016 | 117366W/W-100018 |
Shareholding
The shareholding of Marvel Realtors and Developers Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Marvel Realtors and Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2021 | 100479480 | Others | ₹27 Cr | Open | |
| 21 Feb 2019 | 100255250 | Others | ₹13 Cr | Open | |
| 22 Mar 2018 | 100168990 | Others | ₹34 Cr | Open | |
| 29 May 2017 | 100113466 | Others | ₹120 Cr | Open | |
| 14 Mar 2017 | 100084740 | Idbi Trusteeship Services Limited | ₹150 Cr | Open |
To see the full charge records of Marvel Realtors and Developers Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Marvel Realtors and Developers Limited has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹9.21 Cr; the latest was in July 2017.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Funding round | ₹15 Lakh | Investors: 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Marvel Group Holdings & Invesments LLP & Gunvant Malleshi Kshatri Seller: Marvel Group Holdings & Investments LLP & Ankush Seth |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Jul 2015 | Acquisition | ₹152.08 Cr | Buyer: Marvel Realtors and Developers Limited Seller: HDFC Asset Management Company Limited |
| Jun 2015 | Funding round | ₹96.1 Lakh | Investors: Marvel Group Holdings & Invesments LLP, an individual |
To see the full deal history of Marvel Realtors and 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
Marvel Realtors and Developers Limited has 124 court cases on record: 42 filed by Marvel Realtors and Developers, 82 filed against it. 45 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 46 | 19 |
| High courts | 54 | 26 | 25 |
| NCLT | 7 | 7 | 0 |
| NCLAT | 3 | 3 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 124)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Vistra Itcl (India) Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Ideal Prime Realtors LLP and 78 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by VSJ Investments Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by VSJ Investments Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Idfc First Bank Limited and 1 other | Pending |
To see the full case history of Marvel Realtors and 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
No delayed payments to MSME suppliers are on our record for Marvel Realtors and Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Marvel Realtors and Developers has 6 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Marvel Sigma Homes Private Limited | U45200PN2010PTC136619 | |
| Marvel Omega Builders Private Limited | U45200PN2010PTC136620 | |
| Marvel Luxury Realtors Private Limited | U45200PN2012PTC143219 | |
| Kappa Infra Ventures Private Limited | U45209PN2010PTC137083 | |
| Marvel Mega Realtors Private Limited | U45400PN2015PTC156577 | |
| Epsillon Real Estate Private Limited | U70102KA2007PTC043539 |
To see the full group structure of Marvel Realtors and Developers Limited, buy the company report.
Employees & EPFO
Marvel Realtors and Developers Limited has a workforce of 39 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Marvel Realtors and Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM6433R1ZT | Maharashtra | Active | 01 Jul 2017 |
| 29AAFCM6433R1ZP | Karnataka | Active | 29 Aug 2017 |
To see the full GST registrations and return filing status of Marvel Realtors and Developers Limited, buy the company report.
Recent activity
Marvel Realtors and Developers Limited has 14 board changes on record since 2007: 3 appointments and 11 cessations. The latest: Dattatraya Khose ceased to be Director on 15 Jun 2023.
85 earlier events are in the company report.
News
Frequently asked questions
Marvel Realtors and Developers is an active public limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 May 2006 (20+ years old) and is registered under CIN U70102PN2006PLC128506.
Marvel Realtors and Developers has 3 current directors:
- Vishwajeet Subhash Jhavar - Director
- Azim Aziz Khan - Director
- Gunvant Malleshi Kshatri - Director
The latest financial statements of Marvel Realtors and Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Marvel Realtors and Developers is 27AAFCM6433R1ZT, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAFCM6433R1ZP (Karnataka).
The CIN (Corporate Identification Number) of Marvel Realtors and Developers is U70102PN2006PLC128506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Realtors and Developers has 124 court cases on record: 42 filed by the company and 82 filed against it. 45 are pending. Most are in the district courts.
Marvel Realtors and Developers was incorporated on 24 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Pune.
Marvel Realtors and Developers has 15 deals on record (11 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹9.21 Cr; the latest was in July 2017.
The peers of Marvel Realtors and Developers by revenue are Innovative Techno Park Private Limited, Fairfox Itinfra Private Limited, Viraj Constructions 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).
Dattatraya Khose ceased to be Director on 15 Jun 2023. Azim Aziz Khan was appointed as Director on 20 Mar 2019. Gunvant Malleshi Kshatri was appointed as Director on 20 Mar 2019. Marvel Realtors and Developers has 14 board changes on record in total.
Marvel Realtors and Developers can be reached through the website marvelrealtors.com. Its registered office is in Pune, Maharashtra, India.