About Marvel Zeta Developers Private Limited
Data last updated:
Marvel Zeta Developers Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Marvel Landmarks Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2010PTC136621. Its GSTIN is 27AAGCM6036K1Z7 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹10.12 Lakh. It is led by directors Vishwajeet Subhash Jhavar and Azim Aziz Khan.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 301 – 302 Jewel Tower Lane No 5 Koregaon Park, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2017, the company reported a revenue of ₹24.52 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹21.83 Cr (net margin -89%) and EBITDA of -₹16.84 Cr (EBITDA margin -68.7%). Revenue has grown at a compounded annual rate (CAGR) of 188% over three years.
As per MCA filings, the company has open charges of ₹375 Cr and satisfied charges of ₹484.84 Cr on record. Court records list 10 cases involving the company, including 1 filed by the company and 6 filed against it; 5 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹27.6 Cr; the latest was in August 2014. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is RR Structures Private Limited with revenue of ₹24.57 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address301 – 302 Jewel Tower Lane No 5 Koregaon Park, Pune, Maharashtra, India – 411001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Marvel Zeta Developers Private Limited
The main business activity of Marvel Zeta Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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 Marvel Zeta Developers Private Limited FY 2020 filings available
Marvel Zeta Developers Private Limited reported revenue of ₹24.52 Cr (down 28% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Marvel Zeta Developers Private Limited
Revenue fell 28% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 188%. EBITDA fell 133% 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 of Marvel Zeta Developers Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹24.52 Cr | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹16.84 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹21.83 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 of Marvel Zeta Developers Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -68.7% | •••• | •••• |
| Net Profit Margin | -89% | •••• | •••• |
| 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 Marvel Zeta Developers 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.
Board of Directors of Marvel Zeta Developers Private Limited
Marvel Zeta Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishwajeet Subhash Jhavar | Director | 18 Jun 2010 | 16 Years 4 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 |
Peer Comparison of Marvel Zeta Developers Private Limited
Marvel Zeta Developers 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 |
|---|---|---|---|---|---|---|
| RR Structures Private Limited | ₹24.57 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Lucknow, Uttar Pradesh, India |
| R R Civiltech Private Limited | ₹24.57 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Lucknow, Uttar Pradesh, India |
| Landmark Housing Projects Chennai Private Limited | ₹24.56 Cr (FY 2022) | •••• | •••• | -73.0% | •••• | Chennai, Tamil Nadu, India |
| RVS Hospitality & Development Private Limited | ₹24.53 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pune, Maharashtra, India |
| MBP Infracon Private Limited | ₹24.52 Cr (FY 2025) | •••• | •••• | 2314.0% | •••• | Mumbai, Maharashtra, India |
| Marvel Zeta Developers Private Limited this company | ₹24.52 Cr (FY 2017) | •••• | •••• | -28.0% | •••• | Pune, Maharashtra, India |
| VGK Property Developers Private Limited | ₹24.5 Cr (FY 2024) | •••• | •••• | 50.0% | •••• | Chennai, Tamil Nadu, India |
| Chouhan Housing Private Limited | ₹24.49 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Bhilai, Chhattisgarh, India |
| Shree Shankeshwar Highrisers Private Limited | ₹24.49 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Pimpri, Maharashtra, India |
| Ashiyana Dream Homes Private Limited | ₹24.48 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Nerul Navi Mumbai, Maharashtra, India |
| Snehanjali and S.B. Developers Private Limited | ₹24.48 Cr (FY 2022) | •••• | •••• | 100.0% | •••• | Panvel, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Marvel Zeta Developers 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 Marvel Zeta Developers Private Limited
Marvel Zeta Developers Private Limited is audited by SHARAD SHAH & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHARAD SHAH & CO | 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.
Ownership and Shareholding of Marvel Zeta Developers 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 Marvel Zeta Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2017 | Others | ₹375 Cr | Open |
| 29 Mar 2016 | Others | ₹240 Cr | Satisfied |
| 10 Jul 2015 | Axis Bank Limited | ₹30 Cr | Satisfied |
| 07 Aug 2014 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied |
| 26 Dec 2011 | Icici Prudential Asset Management Company Limited | ₹41.07 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Marvel Zeta Developers Private Limited
Marvel Zeta Developers Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹27.6 Cr; the latest was in August 2014.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Secondary share transfer | Undisclosed | Seller: an individual |
| Aug 2011 | Funding round | ₹27.6 Cr | Investors: an individual |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Marvel Zeta Developers Private Limited
Marvel Zeta Developers Private Limited has 10 court cases on record: 1 filed by Marvel Zeta Developers, 6 filed against it, 3 where it is another party. 5 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 4 |
| High courts | 3 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Spl .Dkst) | Filed against the company by Sixth Element Advertising Private Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by Sixth Element Advertising Private Limited | Disposed |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Company is another party | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Marvel Zeta Developers Private Limited
Employment history and EPFO contributions of people linked to Marvel Zeta Developers.
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 Marvel Zeta Developers Private Limited
Marvel Zeta Developers Private Limited has 6 board changes on record since 2010: 2 appointments and 4 cessations. The latest: Gunvant Malleshi Kshatri ceased to be Director on 20 Dec 2024.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Marvel Zeta Developers 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 Marvel Zeta Developers 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 Marvel Zeta Developers 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 Marvel Zeta Developers Private Limited
Marvel Zeta Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM6036K1Z7 | Maharashtra | Active | 01 Jul 2017 |
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 Marvel Zeta Developers 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.
Related news about Marvel Zeta Developers Private Limited
Frequently Asked Questions about Marvel Zeta Developers Private Limited
Marvel Zeta Developers is an active private 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 18 June 2010 (16+ years old) and is registered under CIN U45200PN2010PTC136621.
Marvel Zeta Developers reported revenue of ₹24.52 Cr for FY 2017 (down 28% YoY).
Marvel Zeta Developers has 2 current directors:
- Vishwajeet Subhash Jhavar - Director
- Azim Aziz Khan - Director
Marvel Zeta Developers reported a net loss of ₹21.83 Cr (net margin -89%) and EBITDA of -₹16.84 Cr (EBITDA margin -68.7%) for FY 2017, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marvel Zeta Developers is 188% over three years. In the latest year (FY 2017) revenue fell 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marvel Zeta Developers is 27AAGCM6036K1Z7, registered in Maharashtra.
The CIN (Corporate Identification Number) of Marvel Zeta Developers is U45200PN2010PTC136621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Zeta Developers has 10 court cases on record: 1 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Marvel Zeta Developers was incorporated on 18 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
Marvel Zeta Developers has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹27.6 Cr; the latest was in August 2014.
The peers of Marvel Zeta Developers by revenue are RR Structures Private Limited, R R Civiltech Private Limited, Landmark Housing Projects Chennai Private Limited, RVS Hospitality & Development Private Limited, MBP Infracon Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).