MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-RJ-28-0000157
Miraj Developers Limited - real estate and construction in Nathdwara, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.13 Cr
▲ 18% YoY
Net profit · FY 2025
₹10.25 Cr
Net margin 18.9%
EBITDA · FY 2025
₹16.79 Cr
EBITDA margin 31%
Authorised capital
₹33 Cr
Registered with MCA
Paid-up capital
₹31.55 Cr
Issued & subscribed
Open charges
₹284.5 Cr
Satisfied ₹43.8 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
449
Provident fund records
About Miraj Developers Limited
Data last updated:
Miraj Developers Limited is a public limited company based in Nathdwara, Rajasthan, India, a subsidiary of Tatpadam Upavan. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U45201RJ2007PLC023939. Its GSTIN is 08AAACU9093J1ZS (Rajasthan). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹33 Cr and a paid-up capital of ₹31.55 Cr. It was formerly known as Miraj Developers Private Limited and Umbrella Developers Private Limited. It is led by directors including Vinod Kumar Khowal (Whole-Time Director) and Kapil Paliwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1st Floor Miraj Campus Uper Ki Oden, Nathdwara, Rajasthan, India – 313301.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.13 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹10.25 Cr (net margin 18.9%) and EBITDA of ₹16.79 Cr (EBITDA margin 31%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 35% over five years.
The company has about 449 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Miraj Group. As per MCA filings, the company has open charges of ₹284.5 Cr and satisfied charges of ₹43.8 Cr on record. Court records list 25 cases involving the company, including 8 filed by the company and 17 filed against it; 8 cases are pending.
Miraj Developers Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-28-0000157). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mirajdevelopers.com.
Company details
CIN U45201RJ2007PLC023939
Registration Number 023939
Incorporation Date 27 February 2007
ROC Jaipur
Listing Status Unlisted
Company Status Active
Parent Company Tatpadam Upavan
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-28-0000157
Name history
Miraj Developers has undergone 2 name changes throughout its history. The company was previously known as Miraj Developers Private Limited, and Umbrella Developers Private Limited. The current legal name is Miraj Developers Limited.
| Company Name | Status |
|---|---|
| Miraj Developers Limited | Current |
| Miraj Developers Private Limited | Previous |
| Umbrella Developers Private Limited | Previous |
CIN history
Miraj Developers has one previous CIN (Corporate Identification Number): U45201RJ2007PTC023939. The current CIN is U45201RJ2007PLC023939, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201RJ2007PLC023939 | Current |
| U45201RJ2007PTC023939 | Previous |
Key People
Vinod Kumar Khowal Whole-Time Director Kapil Paliwal Director Jyotsana Vishnu Joshi Director Recognitions & Rankings of Miraj Developers
Contact details
Miraj Developers Limited's registered office is in Nathdwara, Rajasthan. Its website is mirajdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Miraj Campus Uper Ki Oden, Nathdwara, Rajasthan, India – 313301
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Miraj Developers Limited, buy the company report.
Comprehensive company report
Miraj Developers 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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Brands
Miraj Developers operates one associated brand: Miraj Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations in manufacturing, entertainment, construction, and sustainability initiatives in India. | mirajgroup.in |
Business activity
The main business activities of Miraj Developers are construction, real estate and support service to organizations. In detail, this covers buildings, real estate activities with own or leased property and other support services to organizations. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Miraj Developers Limited, buy the company report.
Financials of Miraj Developers Limited
FY 2024 filings availableMiraj Developers Limited reported revenue of ₹54.13 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹54.13 Cr ▲ 18%
Net profit · FY 2025
₹10.25 Cr margin 18.9%
EBITDA · FY 2025
₹16.79 Cr margin 31%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 22%
5 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▲ 48%
5 years · compounded
▲ 70%
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 18% growth in the latest year. EBITDA fell 48% 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 | ₹16.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.25 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 | 31% | ||||
| Net Profit Margin | 18.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Miraj Developers Limited, buy the company report.
Board of directors of Miraj Developers Limited
Miraj Developers has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Kumar Khowal Also directs: Shakuntala Synthetics Private Limited, Miraj Realcon Private Limited, Miraj Projects Private Limited and 2 more | Whole-Time Director | 01 Apr 2022 | 4 Years 7 Months | Current |
| Kapil Paliwal Also directs: Svaraj Trading and Agencies Limited, Asia Pack Limited, Miraj Entertainment Limited and 1 more | Director | 01 Oct 2023 | 3 Years 1 Months | Current |
| Jyotsana Vishnu Joshi | Director | 28 Feb 2024 | 2 Years 8 Months | Current |
| Mahesh Kumar Somani Also directs: Miraj Projects Private Limited, Miraj Hotels Private Limited, Drishti Corporate Solutions Private Limited and 1 more | Director | 01 Apr 2022 | 4 Years 7 Months | Current |
| Madan Lal Paliwal | Director | 27 Feb 2007 | 19 Years 8 Months | Current |
Auditor
Miraj Developers Limited is audited by Jain Nilesh And Company for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Nilesh And Company | FY 2024 | 018943C |
Shareholding
The shareholding of Miraj Developers 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 Miraj Developers Limited, buy the company report.
Charges & borrowings
Open charges
₹284.5 Cr
Satisfied charges
₹43.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Oct 2025 | 101166948 | Others | ₹2 Cr | Open | |
| 20 Aug 2025 | 101154079 | Others | ₹7.62 Cr | Open | |
| 02 Jun 2025 | 101111879 | Others | ₹175 Cr | Open | |
| 13 May 2025 | 101106798 | Others | ₹82 Lakh | Open | |
| 12 May 2025 | 101102455 | Others | ₹15 Cr | Open |
To see the full charge records of Miraj Developers Limited, buy the company report.
Total charge records: 30 View all charges
Legal cases
Miraj Developers Limited has 25 court cases on record: 8 filed by Miraj Developers, 17 filed against it. 8 cases are pending and 17 are disposed.
Total cases
25
Filed by the company
8
Filed against the company
17
Pending
8
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 11 | 6 |
| District courts | 4 | 4 | 2 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
| High Court, RAJASTHAN | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-Central, Jaipur | Pending |
| High Court | Court case (CMCC) | Filed against the company by PR. Commissioner of Income Tax Central | Pending |
| High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax Central and 1 other | Pending |
To see the full case history of Miraj Developers 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 Miraj Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Miraj Developers Limited has a workforce of 449 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
449
Active EPFO establishments
1
Employee growth
84.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 449 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Miraj Developers Limited, buy the company report.
GST
Miraj Developers has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACU9093J1ZS | Rajasthan | Active | 01 Jul 2017 |
| 22AAACU9093J1Z2 | Chattisgarh | Active | 15 Mar 2024 |
To see the full GST registrations and return filing status of Miraj Developers Limited, buy the company report.
Recent activity
Miraj Developers Limited has 23 board changes on record since 2007: 5 appointments and 18 cessations. The latest: Jyotsana Vishnu Joshi ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101166948 was registered on 01 Oct 2025.
AGM
Miraj Developers Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 7.62 Cr with Charge ID 101154079 was registered on 20 Aug 2025.
Charges
A charge registered on 06 Mar 2024 via Charge ID 100890273 with Others was fully satisfied on 19 Aug 2025.
Charges
A charge registered on 26 Feb 2024 via Charge ID 100886274 with Others was fully satisfied on 19 Aug 2025.
Charges
A charge with Others of Rs. 15.00 Cr registered on 12 May 2025 with Charge ID 101102455 was modified on 14 Aug 2025.
Charges
A charge with Others amounted to Rs. 175.00 Cr with Charge ID 101111879 was registered on 02 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.82 Cr with Charge ID 101106798 was registered on 13 May 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101102455 was registered on 12 May 2025.
Charges
A charge with Others amounted to Rs. 24.48 Cr with Charge ID 101089603 was registered on 09 May 2025.
Charges
A charge with Others amounted to Rs. 0.73 Cr with Charge ID 101088832 was registered on 23 Apr 2025.
Charges
A charge with Others amounted to Rs. 1.45 Cr with Charge ID 101088841 was registered on 23 Apr 2025.
57 earlier events are in the company report.
Frequently asked questions
Miraj Developers is an active public limited company based in Nathdwara, Rajasthan, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 February 2007 (19+ years old) and is registered under CIN U45201RJ2007PLC023939.
Miraj Developers has 5 current directors:
- Vinod Kumar Khowal - Whole-Time Director
- Kapil Paliwal - Director
- Jyotsana Vishnu Joshi - Director
- Mahesh Kumar Somani - Director
- Madan Lal Paliwal - Director
The latest financial statements of Miraj Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Miraj Developers is 08AAACU9093J1ZS, registered in Rajasthan. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 22AAACU9093J1Z2 (Chattisgarh).
The CIN (Corporate Identification Number) of Miraj Developers is U45201RJ2007PLC023939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Miraj Developers has 25 court cases on record: 8 filed by the company and 17 filed against it. 8 are pending. Most are in the high courts.
Miraj Developers was incorporated on 27 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Jaipur.
Jyotsana Vishnu Joshi ceased to be Additional Director on 29 Sep 2024. Jyotsana Vishnu Joshi was appointed as Director on 28 Feb 2024. Kapil Paliwal was appointed as Director on 01 Oct 2023. Miraj Developers has 23 board changes on record in total.
Yes, Miraj Developers is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-28-0000157).
Miraj Developers can be reached through the website mirajdevelopers.com. Its registered office is in Nathdwara, Rajasthan, India.
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