Meeti Developers Private Limited
About Meeti Developers Private Limited
Data last updated:
Meeti Developers Private Limited is a private limited company based in Mumbai, 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, 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 73 cases involving the company, including 19 filed by the company and 54 filed against it; 23 cases are pending. The company has 4 deals on record (2 funding rounds, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹60.25 Cr; the latest was in December 2016. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Arihant Benchmark Project Private Limited with revenue of ₹58.94 Cr.
Company details
Contact details
Meeti Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Mmc Centre Vikas Park Link Road Malad West, Mumbai, Maharashtra, India
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Meeti Developers Private 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
Business activity
The main business activity of Meeti Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Meeti Developers Private Limited, buy the company report.
Financials of Meeti Developers Private Limited
FY 2020 filings availableMeeti Developers Private Limited reported revenue of ₹58.82 Cr (up 5407% YoY) for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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 | ||||
To see the full financial statements and ratios of Meeti Developers Private Limited, buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Kumar Golechha | Irp/Rp/Liquidator | 01 May 2024 | 2 Years 5 Months | As last reported |
| Saurabh Paresh Bhuta Also directs: Meeti Rolled Products Limited, Sameet Trading and Investment Pvt Ltd, Creative Marketing and Investment Pvt Ltd and 5 more | Director | 19 Oct 2019 | 7 Years 0 Months | As last reported |
| Harsha Paresh Bhuta Also directs: Meeti Rolled Products Limited, Sameet Trading and Investment Pvt Ltd, Creative Marketing and Investment Pvt Ltd and 5 more | Director | 13 Apr 2006 | 20 Years 6 Months | As last reported |
Peer comparison
Meeti Developers 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arihant Benchmark Project Private Limited | ₹58.94 Cr (FY 2025) | 90.0% | Kolkata, West Bengal, India | |||
| Savfab Buildtech Private Limited | ₹58.9 Cr (FY 2025) | -2.0% | Delhi, India | |||
| Meeti Developers Private Limitedthis company | ₹58.82 Cr (FY 2018) | -₹80.91 Lakh | -1.4% | 5407.0% | Mumbai, Maharashtra, India | |
| Phoenix IT City Private Limited | ₹58.81 Cr (FY 2025) | 320.0% | Hyderabad, Telangana, India | |||
| Aspg Infra Global Private Limited | ₹58.79 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Meeti Developers Private Limited, buy the company report.
Auditor
Meeti Developers Private Limited is audited by ANIL A SHAH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL A SHAH & CO | FY 2018 | 050784 |
Shareholding
The shareholding of Meeti Developers Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Meeti Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2016 | 100068624 | Others | ₹55 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Meeti Developers Private Limited has 4 deals on record (2 funding rounds, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹60.25 Cr; the latest was in December 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Debt financing | ₹55 Cr | Investors: Ecl Finance Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Inox Trade Private Limited |
| Mar 2014 | Funding round | ₹5 Cr | Investors: Meeti Investment & Consultancy Private Limited |
| Jun 2011 | Funding round | ₹25 Lakh | Investors: Inox Trade Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Meeti Developers Private Limited has 73 court cases on record: 19 filed by Meeti Developers, 54 filed against it. 23 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 32 | 11 |
| District courts | 17 | 17 | 12 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Lekhi Forgings Private Limited and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Lekhi Forgings Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Lekhi Forgings Pvt Ltd | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Edelweiss Asset Reconstruction Company Limited | Pending |
| High Court | Commercial suit | Filed against the company by Edelweiss Asset Reconstruction Company Limited | Pending |
To see the full case history of Meeti Developers 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.
Credit ratings & regulatory alerts
Meeti Developers Private Limited was last rated by Crisil on 28 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Dec 2020 |
To see the full credit ratings and regulatory alerts of Meeti Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Meeti Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
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.
To see the full GST registrations and return filing status of Meeti Developers Private Limited, buy the company report.
Recent activity
Meeti Developers Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 01 May 2024.
Frequently asked questions
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, 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 has 3 current directors:
- Saurabh Paresh Bhuta - Director
- Harsha Paresh Bhuta - Director
- Ashok Kumar Golechha - Irp/Rp/Liquidator
The latest financial statements of Meeti Developers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
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 73 court cases on record: 19 filed by the company and 54 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.
Meeti Developers has 4 deals on record (2 funding rounds, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹60.25 Cr; the latest was in December 2016.
The peers of Meeti Developers by revenue are Arihant Benchmark Project Private Limited, Savfab Buildtech Private Limited, Phoenix IT City Private Limited, Aspg Infra Global Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashok Kumar Golechha was appointed as Irp/Rp/Liquidator on 01 May 2024. Dhananjay Utekar ceased to be Director on 01 Jul 2020. Paresh Pratapray Bhuta ceased to be Director on 19 Oct 2019. Meeti Developers has 5 board changes on record in total.