MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-01-0031944
M G F Developments Limited - real estate and construction in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹49.38 Cr
▲ 16% YoY
Net loss · FY 2025
₹14.45 Cr
Net margin -29.3%
EBITDA · FY 2025
-₹13.86 Cr
EBITDA margin -28.1%
Authorised capital
₹62 Cr
Registered with MCA
Paid-up capital
₹61.74 Cr
Issued & subscribed
Open charges
₹395.67 Cr
Satisfied ₹365.7 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
55
Provident fund records
About M G F Developments Limited
Data last updated:
M G F Developments Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Discovery Estates Pvt. Ltd.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 September 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1996PLC081965. Its GSTIN is 07AAACM8146J1ZA (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹62 Cr and a paid-up capital of ₹61.74 Cr. It is led by directors including Shashwat Gaur and Azhar Quadir.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4/17 – B Mgf House Asaf Ali Road, New Delhi, Delhi, India – 110002.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.38 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹14.45 Cr (net margin -29.3%) and EBITDA of -₹13.86 Cr (EBITDA margin -28.1%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years.
The company has about 55 employees on its provident fund (EPFO) records. Its group structure includes 26 subsidiaries.
As per MCA filings, the company has open charges of ₹395.67 Cr and satisfied charges of ₹365.7 Cr on record. Court records list 129 cases involving the company, including 76 filed by the company and 53 filed against it; 32 cases are pending.
M G F Developments Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-01-0031944). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgfgroup.in.
Company details
CIN U74899DL1996PLC081965
Registration Number 081965
Incorporation Date 16 September 1996
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Discovery Estates Pvt. Ltd.
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-01-0031944
CIN history
M G F Developments has one previous CIN (Corporate Identification Number): L74899DL1996PLC081965. The current CIN is U74899DL1996PLC081965, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1996PLC081965 | Current |
| L74899DL1996PLC081965 | Previous |
Recognitions & Rankings of M G F Developments
Contact details
M G F Developments Limited's registered office is in New Delhi, Delhi. Its website is mgfgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4/17 – B Mgf House Asaf Ali Road, New Delhi, Delhi, India – 110002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of M G F Developments Limited, buy the company report.
Comprehensive company report
M G F Developments Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of M G F Developments is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of M G F Developments Limited, buy the company report.
Financials of M G F Developments Limited
FY 2025 filings availableM G F Developments Limited reported revenue of ₹49.38 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹49.38 Cr ▲ 16%
Net loss · FY 2025
₹14.45 Cr margin -29.3%
EBITDA · FY 2025
-₹13.86 Cr margin -28.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▼ 22%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▼ 34%
5 years · compounded
▼ 24%
Revenue rose 16% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 22%. EBITDA rose 59% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | -₹13.86 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.45 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.1% | ||||
| Net Profit Margin | -29.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of M G F Developments Limited, buy the company report.
Board of directors of M G F Developments Limited
M G F Developments has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashwat Gaur | Director | 15 Feb 2021 | 5 Years 8 Months | Current |
| Azhar Quadir | Director | 01 Sep 2020 | 6 Years 1 Months | Current |
| Rakshit Jain Also directs: Zane Devcon Private Limited | Director | 02 Mar 2009 | 17 Years 7 Months | Current |
| Shravan Gupta Also directs: Aryan Life Style Private Limited, Shailvi Estates Private Limited, Radiant Promoters Private Limited and 5 more | Director | 16 Sep 1996 | 30 Years 1 Months | Current |
Peer comparison
M G F Developments Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tiberias Developers Limited | ₹49.5 Cr (FY 2023) | 10.0% | Gurugram, Haryana, India | |||
| M G F Developments Limited this company | ₹49.38 Cr (FY 2025) | -₹14.45 Cr | -29.3% | 16.0% | 55 | New Delhi, Delhi, India |
| Aircon Systems (India) Private Limited | ₹49.34 Cr (FY 2024) | 79.0% | New Delhi, Delhi, India | |||
| Constera Realty Private Limited | ₹49.27 Cr (FY 2025) | 17.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of M G F Developments Limited, buy the company report.
Auditor
M G F Developments Limited is audited by SampRK & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SampRK & Associates | FY 2024 | 013022N |
Shareholding
The shareholding of M G F Developments Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of M G F Developments Limited, buy the company report.
Charges & borrowings
Open charges
₹395.67 Cr
Satisfied charges
₹365.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2024 | 100996074 | Others | ₹200 Cr | Open | |
| 27 May 2024 | 100947131 | Hdfc Bank Limited | ₹26.13 Lakh | Open | |
| 24 Apr 2024 | 100917949 | Hdfc Bank Limited | ₹45.42 Lakh | Open | |
| 22 Sep 2023 | 100785074 | Hdfc Bank Limited | ₹9.28 Lakh | Open | |
| 30 May 2023 | 100733957 | Others | ₹39.85 Cr | Open |
To see the full charge records of M G F Developments Limited, buy the company report.
Total charge records: 25 View all charges
Legal cases
M G F Developments Limited has 129 court cases on record: 76 filed by M G F Developments, 53 filed against it. 32 cases are pending and 97 are disposed.
Total cases
129
Filed by the company
76
Filed against the company
53
Pending
32
Disposed
97
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 66 | 26 | 10 |
| District courts | 34 | 17 | 10 |
| NCLAT | 20 | 5 | 10 |
| Supreme Court | 8 | 5 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 129)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Revision petition | Filed against the company by M/S Starcity Realtech Pvt. Ltd. and 3 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Emaar MGF Construction Private Limited and 6 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Emaar MGF Construction Private Limited and 4 others | Pending |
| High Court of Delhi | Court case (O.M.P.(EFA)(COMM.)) | Filed against the company by Emaar India Limited Formerly Known As Emaar MGF Land Limited and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed by the company against Emaar MGF Construction Private Limited and 6 others | Pending |
To see the full case history of M G F Developments 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 M G F Developments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
M G F Developments has 26 subsidiary companies and 7 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
26
Subsidiary companies
7
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Godson Propbuild Private Limited | U45200DL2007PTC158082 | |
| Locus Propbuild Private Limited | U45200DL2007PTC159219 | |
| Grapeshot Propbuild Private Limited | U45200HR2007PTC101069 | |
| Glimpse Propbuild Private Limited | U45200HR2007PTC101111 | |
| Gait Propbuild Private Limited | U45200HR2007PTC101113 | |
| Gran Propbuild Private Limited | U45200HR2007PTC101114 |
To see the full group structure of M G F Developments Limited, buy the company report.
Employees & EPFO
M G F Developments Limited has a workforce of 55 employees on its EPFO records as of Apr 07, 2025, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
5.77%
GST
M G F Developments has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM8146J1ZA | Delhi | Active | 01 Jul 2017 |
| 06AAACM8146J1ZC | Haryana | Active | 09 Aug 2017 |
To see the full GST registrations and return filing status of M G F Developments Limited, buy the company report.
Recent activity
M G F Developments Limited has 19 board changes on record since 1996: 6 appointments and 13 cessations. The latest: Chandeep Kumar was appointed as Company Secretary on 06 Sep 2022.
AGM
M G F Developments Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
M G F Developments Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Charges
A charge with Others of Rs. 200.00 Cr registered on 28 Oct 2024 with Charge ID 100996074 was modified on 19 Nov 2024.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 100996074 was registered on 28 Oct 2024.
Charges
A charge with Others of Rs. 146.80 Cr registered on 05 Jul 2022 with Charge ID 100602234 was modified on 24 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.26 Cr with Charge ID 100947131 was registered on 27 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.45 Cr with Charge ID 100917949 was registered on 24 Apr 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100785074 was registered on 22 Sep 2023.
Charges
A charge registered on 27 Aug 2018 via Charge ID 100216406 with Others was fully satisfied on 21 Jul 2023.
Charges
A charge with Others amounted to Rs. 39.85 Cr with Charge ID 100733957 was registered on 30 May 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100701966 was registered on 22 Nov 2022.
Appointed
Chandeep Kumar was appointed as Company Secretary.
52 earlier events are in the company report.
News
Frequently asked questions
M G F Developments is an active public limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 September 1996 (30+ years old) and is registered under CIN U74899DL1996PLC081965.
M G F Developments has 4 current directors:
- Shashwat Gaur - Director
- Azhar Quadir - Director
- Rakshit Jain - Director
- Shravan Gupta - Director
The latest financial statements of M G F Developments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of M G F Developments is 07AAACM8146J1ZA, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAACM8146J1ZC (Haryana).
The CIN (Corporate Identification Number) of M G F Developments is U74899DL1996PLC081965. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M G F Developments has 129 court cases on record: 76 filed by the company and 53 filed against it. 32 are pending. Most are in the high courts.
M G F Developments was incorporated on 16 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of M G F Developments by revenue are Tiberias Developers Limited, Aircon Systems (India) Private Limited, Constera Realty Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Chandeep Kumar was appointed as Company Secretary on 06 Sep 2022. Shashwat Gaur was appointed as Director on 15 Feb 2021. Azhar Quadir was appointed as Director on 01 Sep 2020. M G F Developments has 19 board changes on record in total.
Yes, M G F Developments is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-01-0031944).
M G F Developments can be reached through the website mgfgroup.in. Its registered office is in New Delhi, Delhi, India.