About Mitasu Developers Private Limited
Data last updated:
Mitasu Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sumit Woods Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45500MH2018PTC309173. Its GSTIN is 27AALCM8274E1Z3 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Nilesh Kantilal Shah and Mitaram Ramlal Jangid.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at B – Wing Office No – 1101 Opp. Reliance Off Express Zone W.E.Highway Malad – East, Mumbai, Maharashtra, India – 400097.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.91 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹42.73 Lakh (net margin 3.6%) and EBITDA of ₹79.93 Lakh (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 129% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹11 Lakh and satisfied charges of ₹61 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending.
For more details, the company can be reached via its website sumitwoods.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – Wing Office No – 1101 Opp. Reliance Off Express Zone W.E.Highway Malad – East, Mumbai, Maharashtra, India – 400097
- 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 Mitasu Developers Private Limited
The main business activity of Mitasu Developers 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 Mitasu Developers Private Limited FY 2025 filings available
Mitasu Developers Private Limited reported revenue of ₹11.91 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mitasu Developers Private Limited
Revenue fell 44% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 129%. 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 Mitasu Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹79.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹42.73 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 Mitasu Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.6% | •••• | •••• | •••• | •••• |
| 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 Mitasu Developers are in the company report.
Financial statements from FY 2019
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 Mitasu Developers Private Limited
Mitasu Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vraj Kamman Real Estate Developers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Progressive Buildcon Private Limited | •••• | •••• | •••• | •••• | 35 | New Delhi, Delhi, India |
| VSMC Logistics Park Private Limited | •••• | •••• | •••• | •••• | - | Coimbatore, Tamil Nadu, India |
| Claysys Lifestyle Private Limited | •••• | •••• | •••• | •••• | - | Kakkanad, Kerala, India |
| JMK Warehousing Private Limited | •••• | •••• | •••• | •••• | - | Basai Road, Haryana, India |
| Mitasu Developers Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Satya Kalyan Constructions Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Shrine Buildtech Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Keystone Infradevelopers Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Khajuraho Infrastructure Private Limited | •••• | •••• | •••• | •••• | 27 | Chhatarpur, Madhya Pradesh, India |
| JMK Buildcon Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Mitasu Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Mitasu Developers Private Limited
Mitasu Developers Private Limited is audited by SSRV a n d Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SSRV a n d 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 Mitasu Developers Private Limited
Mitasu Developers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Kantilal Shah | Director | 29 Nov 2018 | 7 Years 10 Months | Current |
| Mitaram Ramlal Jangid Also directs: Sumit Pragati Ventures LLP, Sumit Pragati Developers LLP, Sumit Pragati Shelters LLP and 5 more | Director | 07 Sep 2018 | 8 Years 1 Months | Current |
| Bhushan Subodh Nemlekar Also directs: Sumit Pragati Ventures LLP, Sumit Pragati Developers LLP, Mitasu Realty LLP and 5 more | Director | 07 Sep 2018 | 8 Years 1 Months | Current |
Ownership and Shareholding of Mitasu Developers 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 Mitasu Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 May 2022 | Hdfc Bank Limited | ₹11 Lakh | Open |
| 31 Jan 2023 | Others | ₹5 Cr | Satisfied |
| 26 Aug 2022 | Others | ₹9 Cr | Satisfied |
| 11 Dec 2020 | Others | ₹2 Cr | Satisfied |
| 31 Jul 2019 | Others | ₹45 Cr | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Mitasu Developers Private Limited
Mitasu Developers Private Limited has 2 court cases on record: 1 filed by Mitasu Developers, 1 filed against it. All cases are pending. Status as checked between 28 Sep 2026 and 29 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.B) | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against Chief Controlling Revvenue Authority | Pending |
Full case history
All 2 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.
MSME Payment Delays by Mitasu Developers Private Limited
Mitasu Developers Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 118 overdue payments to 16 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahesh Trading Co | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mitasu Developers Private Limited
Mitasu Developers Private Limited has a workforce of 9 employees as of Mar 30, 2024.
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 Mitasu Developers Private Limited
Mitasu Developers Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Bhushan Subodh Nemlekar ceased to be Additional Director on 30 Sep 2019.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mitasu Developers 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.
Subsidiaries & Group Companies of Mitasu Developers 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 Mitasu Developers Private Limited
Mitasu Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCM8274E1Z3 | Maharashtra | Active | 29 Sep 2018 |
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 Mitasu Developers 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 Mitasu Developers Private Limited
Mitasu Developers is an active 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 09 May 2018 (8+ years old) and is registered under CIN U45500MH2018PTC309173.
Mitasu Developers reported revenue of ₹11.91 Cr for FY 2025 (down 44% YoY).
Mitasu Developers has 3 current directors:
- Nilesh Kantilal Shah - Director
- Mitaram Ramlal Jangid - Director
- Bhushan Subodh Nemlekar - Director
Mitasu Developers reported a net profit of ₹42.73 Lakh (net margin 3.6%) and EBITDA of ₹79.93 Lakh (EBITDA margin 6.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mitasu Developers is -26% over three years and 129% over five years. In the latest year (FY 2025) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mitasu Developers is 27AALCM8274E1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mitasu Developers is U45500MH2018PTC309173. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitasu Developers has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Mitasu Developers was incorporated on 09 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mitasu Developers by revenue are Vraj Kamman Real Estate Developers Private Limited, Progressive Buildcon Private Limited, VSMC Logistics Park Private Limited, Claysys Lifestyle Private Limited, JMK Warehousing Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Bhushan Subodh Nemlekar ceased to be Additional Director on 30 Sep 2019. Mitaram Ramlal Jangid ceased to be Additional Director on 30 Sep 2019. Nilesh Kantilal Shah ceased to be Additional Director on 30 Sep 2019. Mitasu Developers has 8 board changes on record in total.
Mitasu Developers has 12 MSME Form 1 returns on record between 2019 and 2023, listing 118 overdue payments to 16 micro and small suppliers. The latest return was filed on 05 Nov 2023.