Meeti Developers Private Limited

Meeti Developers Private Limited - real estate and construction in Mumbai-64, Maharashtra, India. FY 2026 financials & compliance.
CIN U45200MH2006PTC161119 Incorporated 13 April 2006 ROC Mumbai HQ Mumbai-64, Maharashtra, India
Under Insolvency Private Limited Company real estate and construction
Data last updated
Revenue · FY 2018
₹58.82 Cr
▲ 5407% YoY
Net loss · FY 2018
₹80.91 Lakh
Net margin -1.4%
EBITDA · FY 2018
-₹60.59 Lakh
EBITDA margin -1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹22.75 Lakh
Issued & subscribed
Open charges
₹55 Cr
Secured borrowings
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings

About Meeti Developers Private Limited

Data last updated:

Meeti Developers Private Limited is a private limited company based in Mumbai-64, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 April 2006.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC161119. The company has 3 GST registrations on record, none of which is active.

The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹22.75 Lakh. It is led by directors including Ashok Kumar Golechha (Irp/Rp/Liquidator) and Saurabh Paresh Bhuta.

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 1st Floor Mmc Centre Vikas Park Link Road Malad West, Mumbai – 64, Maharashtra, India.

As per the financials filed for FY 2018, the company reported a revenue of ₹58.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹80.91 Lakh (net margin -1.4%) and EBITDA of -₹60.59 Lakh (EBITDA margin -1%).

As per MCA filings, the company has open charges of ₹55 Cr on record. Court records list 71 cases involving the company, including 17 filed by the company and 31 filed against it; 23 cases are pending.

Company Details of Meeti Developers Private Limited
CIN U45200MH2006PTC161119
Registration Number 161119
Incorporation Date 13 April 2006
ROC Mumbai
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    1st Floor Mmc Centre Vikas Park Link Road Malad West, Mumbai – 64, Maharashtra, India
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
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Financials, compliance, directors, charges, ownership and filings for Meeti Developers Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Meeti Developers Private Limited

The main business activity of Meeti Developers is construction. In detail, this covers buildings.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
FConstructionF1BuildingsLocked
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Auditor Details of Meeti Developers Private Limited

Meeti Developers Private Limited is audited by ANIL A SHAH & CO for the financial year 2018.

NameStatusAppointment DateCessation Date
ANIL A SHAH & COLockedLockedLocked
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Board of Directors of Meeti Developers Private Limited

Meeti Developers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Ashok Kumar GolechhaIrp/Rp/Liquidator01 May 20242 Years 5 MonthsAs last reported
Saurabh Paresh BhutaDirector19 Oct 20196 Years 11 MonthsAs last reported
Harsha Paresh BhutaDirector13 Apr 200620 Years 5 MonthsAs last reported

Financials of Meeti Developers Private Limited FY 2020 filings available

Meeti Developers Private Limited reported revenue of ₹58.82 Cr (up 5407% YoY) for FY 2018.

Revenue · FY 2018
₹58.82 Cr ▲ 5407%
Net loss · FY 2018
₹80.91 Lakh margin -1.4%
EBITDA · FY 2018
-₹60.59 Lakh margin -1%

Financial Statement Summary of Meeti Developers Private Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations₹58.82 Cr••••••••••••
Other Income••••••••••••••••
Total Revenue••••••••••••••••
Cost of Materials Consumed••••••••••••••••
Employee Benefit Expense••••••••••••••••
Finance Costs••••••••••••••••
Depreciation and Amortisation••••••••••••••••
Other Expenses••••••••••••••••
Total Expenses••••••••••••••••
EBITDA-₹60.59 Lakh••••••••••••
Profit Before Tax••••••••••••••••
Tax Expense••••••••••••••••
Net Profit (PAT)-₹80.91 Lakh••••••••••••
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 Meeti Developers Private Limited

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin-1%••••••••••••
Net Profit Margin-1.4%••••••••••••
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••••••••••••••••

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 Meeti Developers are in the company report.

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Ownership and Shareholding of Meeti Developers Private Limited

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Charges & Borrowings of Meeti Developers Private Limited

Open charges
₹55 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹55.00 Cr
Latest charge details
DateLenderAmountStatus
29 Nov 2016Others₹55 CrOpen

Total charge records: 1 View all charges

Employees and EPFO Compliance at Meeti Developers Private Limited

Employment history and EPFO contributions of people linked to Meeti Developers.

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Employee and EPFO history

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GST Compliance of Meeti Developers Private Limited

Meeti Developers has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
3
Cancelled / inactive
3
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Credit Ratings, Litigation & Regulatory Alerts for Meeti Developers Private Limited

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MSME Payment Delays by Meeti Developers Private Limited

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Subsidiaries & Group Companies of Meeti Developers Private Limited

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MCA Filings & Documents of Meeti Developers Private Limited

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Recent Activity on Meeti Developers Private Limited

Directors
01 May 2024
Ashok Kumar Golechha was appointed as a IRP/RP/Liquidator on 01 May 2024 & has been associated with this company since 2 years 5 months.
Activity
31 Dec 2020
Meeti Developers Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Activity
31 Mar 2020
Meeti Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai.
Directors
19 Oct 2019
Saurabh Paresh Bhuta was appointed as a Director on 19 Oct 2019 & has been associated with this company since 6 years 11 months.
Charges
29 Nov 2016
A charge with Others amounted to Rs. 5,500.00 Lakh with Charge ID 100068624 was registered on 29 Nov 2016.
Directors
13 Apr 2006
Harsha Paresh Bhuta was appointed as a Director on 13 Apr 2006 & has been associated with this company since 20 years 5 months.

Frequently Asked Questions about Meeti Developers Private Limited

Meeti Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.

Meeti Developers is a company under insolvency, formerly operating as a private limited company based in Mumbai-64, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 April 2006 and is registered under CIN U45200MH2006PTC161119. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Meeti Developers reported revenue of ₹58.82 Cr for FY 2018 (up 5407% YoY).

Meeti Developers has 3 current directors:

Meeti Developers reported a net loss of ₹80.91 Lakh (net margin -1.4%) and EBITDA of -₹60.59 Lakh (EBITDA margin -1%) for FY 2018, as per its filed financial statements.

The CIN (Corporate Identification Number) of Meeti Developers is U45200MH2006PTC161119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Meeti Developers has open charges of ₹55 Cr and no satisfied charges on record as per latest MCA filings.

Meeti Developers has 71 court cases on record: 17 filed by the company and 31 filed against it. 23 are pending. Most are in the high courts.

Meeti Developers was incorporated on 13 April 2006. It is registered with the Registrar of Companies, Mumbai.

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