About Maxbhumi Developers Limited
Data last updated:
Maxbhumi Developers Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Asian Paints Limited. 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 15 November 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2007PLC175925. Its GSTIN is 27AAFCM3504R1Z3 (Maharashtra).
The company had an authorised share capital of ₹45 Lakh and a paid-up capital of ₹41.9 Lakh. It was formerly known as Maxbhumi Developers Private Limited. It was led by directors including Jeyamurugan Jeyapandiyan Ramalingam and Harish Jairam Lade.
Its last annual general meeting (AGM) was held on 14 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Plot No. 5 Gaiwadi Industrial Estate S. V. Raod Goregaon (West), Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2024, the company reported a revenue of ₹89.3 Lakh, a growth of 121% compared to the previous year. For the same year it recorded a net profit of ₹64.67 Lakh (net margin 72.4%) and EBITDA of ₹86.43 Lakh (EBITDA margin 96.8%). Revenue has grown at a compounded annual rate (CAGR) of 16% over five years.
Court records list 5 cases involving the company, including 4 filed by the company and 1 filed against it; 2 cases are pending.
The last known website on record is asianpaints.com.
Company details
CIN history
Maxbhumi Developers has one previous CIN (Corporate Identification Number): U45400MH2007PTC175925. The current CIN is U45400MH2007PLC175925, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400MH2007PLC175925 | Current |
| U45400MH2007PTC175925 | Previous |
Contact details
Maxbhumi Developers Limited's registered office is in Mumbai, Maharashtra. Its website is asianpaints.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressPlot No. 5 Gaiwadi Industrial Estate S. V. Raod Goregaon (West), Mumbai, Maharashtra, India – 400062
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Maxbhumi 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
Financials of Maxbhumi Developers Limited
FY 2024 filings availableMaxbhumi Developers Limited reported revenue of ₹89.3 Lakh (up 121% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 121% growth in the latest year. EBITDA rose 192% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹86.43 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹64.67 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 96.8% | ||||
| Net Profit Margin | 72.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Maxbhumi Developers Limited, buy the company report.
Board of directors of Maxbhumi Developers Limited
Maxbhumi Developers has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeyamurugan Jeyapandiyan Ramalingam Also directs: Asian Paints PPG Private Limited, PPG Asian Paints Private Limited | Director | 15 Nov 2007 | 18 Years 11 Months | As last reported |
| Harish Jairam Lade | Director | 03 Apr 2017 | 9 Years 6 Months | As last reported |
| Aashish Kshetry | Director | 06 May 2019 | 7 Years 5 Months | As last reported |
Peer comparison
Maxbhumi Developers Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| P.B.S. Nirman Private Limited | ₹89.34 Lakh (FY 2025) | -57.0% | Agra, Uttar Pradesh, India | |||
| PHL Promoters Private Limited | ₹89.33 Lakh (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| Sarv Developers Private Limited | ₹89.32 Lakh (FY 2025) | 55.0% | Delhi, India | |||
| Sushan Construction Private Limited | ₹89.31 Lakh (FY 2024) | 464.0% | New Delhi, Delhi, India | |||
| Bytemind Technology Private Limited | ₹89.3 Lakh (FY 2024) | 9.0% | Mumbai, Maharashtra, India | |||
| Maxbhumi Developers Limitedthis company | ₹89.3 Lakh (FY 2024) | ₹64.67 Lakh | 72.4% | 121.0% | Mumbai, Maharashtra, India | |
| Aryaman Infratech India Private Limited | ₹89.29 Lakh (FY 2019) | 2533.0% | Mumbai, Maharashtra, India | |||
| Woodside Parks Ltd | ₹89.29 Lakh (FY 2025) | -47.0% | Kolkata, West Bengal, India | |||
| Balot Engineering and Construction Private Limited | ₹89.24 Lakh (FY 2025) | 10.0% | Gurgaon, Haryana, India | |||
| VPSG Infratech Private Limited | ₹89.24 Lakh (FY 2025) | -39.0% | Noida, Uttar Pradesh, India | |||
| Ashiana Buildcon Private Limited | ₹89.23 Lakh (FY 2024) | -41.0% | Patna, Bihar, India |
To see the full peer comparison of Maxbhumi Developers Limited, buy the company report.
Auditor
Maxbhumi 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 Maxbhumi 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 Maxbhumi Developers Limited, buy the company report.
Legal cases
Maxbhumi Developers Limited has 5 court cases on record: 4 filed by Maxbhumi Developers, 1 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra and Ors. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Maxbhumi 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 Maxbhumi Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxbhumi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM3504R1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maxbhumi Developers Limited, buy the company report.
Recent activity
Maxbhumi Developers Limited has 9 board changes on record since 2007: 3 appointments and 6 cessations. The latest: Aashish Kshetry ceased to be Additional Director on 18 Jun 2019.
Frequently asked questions
Maxbhumi 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.
Maxbhumi Developers was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 November 2007 and is registered under CIN U45400MH2007PLC175925. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Maxbhumi Developers was incorporated on 15 November 2007. It is registered with the Registrar of Companies, Mumbai.
Maxbhumi Developers had 3 directors:
- Jeyamurugan Jeyapandiyan Ramalingam - Director
- Harish Jairam Lade - Director
- Aashish Kshetry - Director
The CIN (Corporate Identification Number) of Maxbhumi Developers is U45400MH2007PLC175925. 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 Maxbhumi Developers is at Plot No. 5 Gaiwadi Industrial Estate S. V. Raod Goregaon West, Mumbai, Maharashtra, India – 400062.
Maxbhumi Developers can be reached through the website asianpaints.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Maxbhumi Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 June 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Maxbhumi Developers is 27AAFCM3504R1Z3, registered in Maharashtra.
Maxbhumi Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Maxbhumi Developers by revenue are P.B.S. Nirman Private Limited, PHL Promoters Private Limited, Sarv Developers Private Limited, Sushan Construction Private Limited, Bytemind Technology Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).