Mehul Properties Private Limited
About Mehul Properties Private Limited
Data last updated:
Mehul Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 01 October 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1986PTC041089.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹24.4 Lakh. It is led by directors Baladevi Kasturilal Wasan and Kasturilal Kundanlal Wasan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Cts No. 376 C Bldg Near Wasan Service Deonar Behind Usv Vitamen Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.55 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net profit of ₹7.27 Lakh (net margin 43.9%) and EBITDA of ₹12.08 Lakh (EBITDA margin 73%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
As per MCA filings, the company has satisfied charges of ₹60.42 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mehul Properties has one previous CIN (Corporate Identification Number): L70100MH1986PTC041089. The current CIN is U70100MH1986PTC041089, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1986PTC041089 | Current |
| L70100MH1986PTC041089 | Previous |
Contact details
Mehul Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCts No. 376 C Bldg Near Wasan Service Deonar Behind Usv Vitamen Mumbai, Maharashtra, India – 400088
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Mehul Properties 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 Mehul Properties is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Mehul Properties Private Limited, buy the company report.
Financials of Mehul Properties Private Limited
FY 2024 filings availableMehul Properties Private Limited reported revenue of ₹16.55 Lakh (down 96% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 96% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 97% 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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| EBITDA | ₹12.08 Lakh | ||||
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| Net Profit (PAT) | ₹7.27 Lakh | ||||
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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 | 73% | ||||
| Net Profit Margin | 43.9% | ||||
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To see the full financial statements and ratios of Mehul Properties Private Limited, buy the company report.
Board of directors of Mehul Properties Private Limited
Mehul Properties has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Baladevi Kasturilal Wasan Also directs: KKW Realty LLP, Wasan Auto Sales Private Limited | Director | 04 Oct 1998 | 28 Years 0 Months | Current |
| Kasturilal Kundanlal Wasan | Director | 04 Oct 1998 | 28 Years 0 Months | Current |
Auditor
Mehul Properties Private Limited is audited by BANSHI JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSHI JAIN & ASSOCIATES | FY 2023 | 100990W |
Shareholding
The shareholding of Mehul Properties Private 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 Mehul Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2010 | 10214794 | Bank of Baroda | ₹60.42 Cr | Satisfied |
To see the full charge records of Mehul Properties Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mehul Properties Private Limited has 1 court case on record: 1 filed by Mehul Properties. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra and 4 Ors. | Disposed |
To see the full case history of Mehul Properties 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mehul Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Mehul Properties Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Mehul Properties Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Pradeep Kundanlal Wasan ceased to be Director on 02 Nov 2011.
Frequently asked questions
Mehul Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 01 October 1986 (40+ years old) and is registered under CIN U70100MH1986PTC041089.
Mehul Properties has 2 current directors:
- Baladevi Kasturilal Wasan - Director
- Kasturilal Kundanlal Wasan - Director
The latest financial statements of Mehul Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mehul Properties is U70100MH1986PTC041089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mehul Properties has 1 court case on record: 1 filed by the company.
Mehul Properties was incorporated on 01 October 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Pradeep Kundanlal Wasan ceased to be Director on 02 Nov 2011. Usha Vijay Wasan ceased to be Director on 02 Nov 2011. Vijay Kundanlal Wasan ceased to be Director on 02 Nov 2011. Mehul Properties has 5 board changes on record in total.
The registered office of Mehul Properties is at Cts No. 376 C Bldg Near Wasan Service Deonar Behind Usv Vitamen Mumbai, Maharashtra, India – 400088.
Mehul Properties operates in the financial services industry, in the real estate financing segment.
Mehul Properties has no open charges and satisfied charges of ₹60.42 Cr as per latest MCA filings.
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