About Milan Developers and Builders Private Limited
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Milan Developers and Builders Private Limited is a private limited company based in Angul, Odisha, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45203OR1992PTC003225. Its GSTIN is 21AADCM2302B1ZK (Odisha).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹90.96 Lakh. It is led by directors Anup Kumar Dhirsamant (Managing Director) and Rutuparna Dhirsamant.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Amalpada, Angul, Odisha, India – 759122.
As per the financials filed for FY 2023, the company reported a revenue of ₹51.42 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net profit of ₹4.64 Lakh (net margin 9%) and EBITDA of ₹18.32 Lakh (EBITDA margin 35.6%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹52 Cr and satisfied charges of ₹49.08 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 3rdavenueangul.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressAmalpada, Angul, Odisha, India – 759122
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Milan Developers and Builders Private Limited
The main business activity of Milan Developers and Builders is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Milan Developers and Builders Private Limited FY 2023 filings available
Milan Developers and Builders Private Limited reported revenue of ₹51.42 Lakh (down 90% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Milan Developers and Builders Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 90% fall in the latest year. EBITDA fell 52% 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 of Milan Developers and Builders Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹51.42 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.32 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.64 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 Milan Developers and Builders Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9% | •••• | •••• | •••• | •••• |
| 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 Milan Developers and Builders are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Milan Developers and Builders Private Limited
Milan Developers and Builders Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Triveni Developers and Realtors Private Limited | ₹51.5 Lakh (FY 2025) | •••• | •••• | 31.0% | •••• | Kolkata, West Bengal, India |
| Shree Mangalmurti Interiors & Civil Consultants Private Limited | ₹51.49 Lakh (FY 2023) | •••• | •••• | 15.0% | •••• | Indore, Madhya Pradesh, India |
| JSB Dream Homes Private Limited | ₹51.47 Lakh (FY 2025) | •••• | •••• | 514.0% | •••• | Mumbai, Maharashtra, India |
| Western Real Estate Private Limited | ₹51.45 Lakh (FY 2025) | •••• | •••• | -65.0% | •••• | Mumbai, Maharashtra, India |
| Murlisons Builders Private Limited | ₹51.43 Lakh (FY 2025) | •••• | •••• | -61.0% | •••• | Jaipur, Rajasthan, India |
| Milan Developers and Builders Private Limited this company | ₹51.42 Lakh (FY 2023) | •••• | •••• | -90.0% | •••• | Angul, Odisha, India |
| Champions Infrastructure Private Limited | ₹51.41 Lakh (FY 2025) | •••• | •••• | 414.0% | •••• | New Delhi, Delhi, India |
| Neelkanth Ashiana Private Limited | ₹51.4 Lakh (FY 2022) | •••• | •••• | -4.0% | •••• | Meerut, Uttar Pradesh, India |
| Apn Markcon Private Limited | ₹51.4 Lakh (FY 2023) | •••• | •••• | 1198.0% | •••• | Delhi, India |
| Kalawati Multitrade Private Limited | ₹51.39 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Lucknow, Uttar Pradesh, India |
| Kulwanti Infrastructure Private Limited | ₹51.38 Lakh (FY 2025) | •••• | •••• | 150.0% | •••• | Naveen Nagar, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Milan Developers and Builders by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Milan Developers and Builders Private Limited
Milan Developers and Builders Private Limited is audited by G N S & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G N S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Milan Developers and Builders Private Limited
Milan Developers and Builders has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Kumar Dhirsamant | Managing Director | 31 Dec 1992 | 33 Years 9 Months | Current |
| Rutuparna Dhirsamant | Director | 31 Dec 1992 | 33 Years 9 Months | Current |
Ownership and Shareholding of Milan Developers and Builders Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Milan Developers and Builders Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jul 2011 | Andhra Bank | ₹52 Cr | Open |
| 18 Feb 2014 | Icici Bank Limited | ₹51.12 Lakh | Satisfied |
| 14 Feb 2014 | United Bank of India | ₹2.25 Cr | Satisfied |
| 24 Apr 2010 | Karnataka Bank Ltd. | ₹50 Lakh | Satisfied |
| 23 Sep 2009 | Andhra Bank | ₹36.23 Cr | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Milan Developers and Builders Private Limited
Milan Developers and Builders Private Limited has 13 court cases on record: 6 filed by Milan Developers and Builders, 7 filed against it. 6 cases are pending and 7 are disposed. Status as checked between 29 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 5 |
| High courts | 2 | 0 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by Axis Bank Limited | Pending |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed against the company by Axis Private Equity Limited | Pending |
| High Court of Orissa | Writ petition | Filed by the company against Axis Bank Limited | Disposed |
| District court, Khurda, Odisha | Civil suit | Filed by the company against Axis Bank Limited | Disposed |
| District court, Khurda, Odisha | Arbitration matter | Filed against the company by Evos Buildcon Private Limited | Disposed |
Full case history
All 13 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Milan Developers and Builders Private Limited
Employment history and EPFO contributions of people linked to Milan Developers and Builders.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Milan Developers and Builders Private Limited
Milan Developers and Builders Private Limited has 6 board changes on record since 1992: 2 appointments and 4 cessations. The latest: Manoj Biswal ceased to be Director on 14 Apr 2020.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Milan Developers and Builders Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Milan Developers and Builders Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Milan Developers and Builders Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Milan Developers and Builders Private Limited
Milan Developers and Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCM2302B1ZK | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Milan Developers and Builders Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Milan Developers and Builders Private Limited
Milan Developers and Builders is an active private limited company based in Angul, Odisha, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 December 1992 (34+ years old) and is registered under CIN U45203OR1992PTC003225.
Milan Developers and Builders reported revenue of ₹51.42 Lakh for FY 2023 (down 90% YoY).
Milan Developers and Builders has 2 current directors:
- Anup Kumar Dhirsamant - Managing Director
- Rutuparna Dhirsamant - Director
Milan Developers and Builders reported a net profit of ₹4.64 Lakh (net margin 9%) and EBITDA of ₹18.32 Lakh (EBITDA margin 35.6%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Milan Developers and Builders is 87% over three years and -2% over five years. In the latest year (FY 2023) revenue fell 90%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Milan Developers and Builders is 21AADCM2302B1ZK, registered in Odisha.
The CIN (Corporate Identification Number) of Milan Developers and Builders is U45203OR1992PTC003225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Developers and Builders has 13 court cases on record: 6 filed by the company and 7 filed against it. 6 are pending. Most are in the district courts.
Milan Developers and Builders was incorporated on 31 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Milan Developers and Builders by revenue are Triveni Developers and Realtors Private Limited, Shree Mangalmurti Interiors & Civil Consultants Private Limited, JSB Dream Homes Private Limited, Western Real Estate Private Limited, Murlisons Builders Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Manoj Biswal ceased to be Director on 14 Apr 2020. Harapriya Bisoi ceased to be Director on 12 Oct 2016. Subhra Prakash Dhirsamant ceased to be Director on 12 Oct 2016. Milan Developers and Builders has 6 board changes on record in total.