MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-20-0060917
Shewalkar Developers Limited - infrastructure and utilities in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.58 Cr
▼ 75% YoY
Net profit · FY 2025
₹18.15 Lakh
Net margin 1.9%
EBITDA · FY 2025
₹3.35 Cr
EBITDA margin 34.9%
Authorised capital
₹8.5 Cr
Registered with MCA
Paid-up capital
₹8.05 Cr
Issued & subscribed
Open charges
₹19.1 Cr
Satisfied ₹100.2 Cr
Company age
41 yrs
Est. 1985
Directors on board
4
As per MCA filings
About Shewalkar Developers Limited
Data last updated:
Shewalkar Developers Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 18 July 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH1985PLC036879. Its GSTIN is 27AACCS5285Q1ZK (Maharashtra).
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹8.05 Cr. It is led by directors including Ashutosh Ram Shewalkar (Managing Director) and Manisha Ashutosh Shewalkar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Laxmi Bhawan Squareh C Road Dharampeth, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.58 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net profit of ₹18.15 Lakh (net margin 1.9%) and EBITDA of ₹3.35 Cr (EBITDA margin 34.9%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company is associated with 1 brand: Shewalkar Developers. As per MCA filings, the company has open charges of ₹19.1 Cr and satisfied charges of ₹100.2 Cr on record. Court records list 113 cases involving the company, including 77 filed by the company and 36 filed against it; 11 cases are pending.
Shewalkar Developers Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0060917). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shewalkars.com.
Company details
CIN U45203MH1985PLC036879
Registration Number 036879
Incorporation Date 18 July 1985
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 October 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-20-0060917
CIN history
Shewalkar Developers has one previous CIN (Corporate Identification Number): U45203MH1985PTC036879. The current CIN is U45203MH1985PLC036879, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45203MH1985PLC036879 | Current |
| U45203MH1985PTC036879 | Previous |
Key People
Ashutosh Ram Shewalkar Managing Director Manisha Ashutosh Shewalkar Whole-Time Director Madhao Gangadhar Sarpatwar Director Recognitions & Rankings of Shewalkar Developers
Contact details
Shewalkar Developers Limited's registered office is in Nagpur, Maharashtra. Its website is shewalkars.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLaxmi Bhawan Squareh C Road Dharampeth, Nagpur, Maharashtra, India – 440010
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Shewalkar Developers Limited, buy the company report.
Comprehensive company report
Shewalkar 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
Shewalkar Developers operates one associated brand: Shewalkar Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development involving residential and commercial properties in India. | shewalkars.com |
Business activity
The main business activity of Shewalkar Developers is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Shewalkar Developers Limited, buy the company report.
Financials of Shewalkar Developers Limited
FY 2025 filings availableShewalkar Developers Limited reported revenue of ₹9.58 Cr (down 75% YoY) for FY 2025.
Revenue · FY 2025
₹9.58 Cr ▼ 75%
Net profit · FY 2025
₹18.15 Lakh margin 1.9%
EBITDA · FY 2025
₹3.35 Cr margin 34.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 75%
3 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▼ 64%
3 years · compounded
▼ 33%
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 75% fall in the latest year. EBITDA fell 64% 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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| EBITDA | ₹3.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.15 Lakh | ||||
| 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 | 34.9% | ||||
| Net Profit Margin | 1.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shewalkar Developers Limited, buy the company report.
Board of directors of Shewalkar Developers Limited
Shewalkar Developers has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhao Gangadhar Sarpatwar | Director | 12 Feb 2022 | 4 Years 8 Months | Current |
| Ashutosh Ram Shewalkar Also directs: Shewalkar Medias Limited, Shewalkar Motels Private Limited, Shewalkar Herbals Private Limited and 1 more | Managing Director | 11 Mar 1986 | 40 Years 7 Months | Current |
| Manisha Ashutosh Shewalkar Also directs: Shewalkar Medias Limited, Shewalkar Motels Private Limited, Shewalkar Herbals Private Limited and 1 more | Whole-Time Director | 11 Mar 1986 | 40 Years 7 Months | Current |
| Apala Ashutosh Shewalkar Also directs: Shewalkar Medias Limited, Shewalkar Motels Private Limited, Shewalkar Herbals Private Limited and 1 more | Additional Director | 09 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Shewalkar Developers Limited is audited by R G NAGARWALA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R G NAGARWALA & CO | FY 2019 | 106772W |
Shareholding
The shareholding of Shewalkar Developers Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shewalkar Developers Limited, buy the company report.
Charges & borrowings
Open charges
₹19.1 Cr
Satisfied charges
₹100.2 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2023 | 100862172 | Shikshak Sahakari Bank Limited | ₹6 Cr | Open | |
| 01 Jul 2021 | 100459181 | Others | ₹4.5 Cr | Open | |
| 17 Feb 2018 | 100157697 | Others | ₹4 Cr | Open | |
| 27 Jul 2017 | 100147810 | Others | ₹1.15 Cr | Open | |
| 29 Dec 2014 | 10552214 | Others | ₹50 Lakh | Open |
To see the full charge records of Shewalkar Developers Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Shewalkar Developers Limited has 113 court cases on record: 77 filed by Shewalkar Developers, 36 filed against it. 11 cases are pending and 102 are disposed.
Total cases
113
Filed by the company
77
Filed against the company
36
Pending
11
Disposed
102
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 19 | 5 |
| District courts | 43 | 17 | 5 |
| Supreme Court | 6 | 0 | 1 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (3001-Land Acquisition and Requisition : Challenge to land acquisition, lapsing of acquisition, de-reservation, requisition and de-requisition of property and others) | Filed by the company against 1 Maharashtra Airport Development Company Ltd Through Its Managing Director 1St Floor Central Facility Building Mihan-Sez Khapri Rly , District: Nagpur ,Nagpur , Maharashtra and 14 others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against M/S Shrinivasa Realcon Private Limited | Pending |
| District court, Nagpur, Maharashtra | Court case (L.A.R.) | Filed by the company against The Chief Executive Officer, Maharashtra Airport Development Co. Ltd and Others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against National E-Governance Services Limited (Nesl) and 1 other | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against Maharashtra State Electricity Distribution Company Ltd., Through Its Chief Engineer (Msedcl) and 2 | Disposed |
To see the full case history of Shewalkar 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 Shewalkar Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shewalkar Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS5285Q1ZK | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shewalkar Developers Limited, buy the company report.
Recent activity
Shewalkar Developers Limited has 11 board changes on record since 1986: 4 appointments and 7 cessations. The latest: Apala Ashutosh Shewalkar was appointed as Additional Director on 09 Aug 2025.
AGM
Shewalkar Developers Limited last Annual general meeting of members was held on 18 Oct 2025 as per latest MCA records.
Appointed
Apala Ashutosh Shewalkar was appointed as Additional Director.
Charges
A charge with Others of Rs. 1.15 Cr registered on 27 Jul 2017 with Charge ID 100147810 was modified on 02 Apr 2025.
Filing
Shewalkar Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Shikshak Sahakari Bank Limited of Rs. 6.00 Cr registered on 29 Dec 2023 with Charge ID 100862172 was modified on 25 Mar 2025.
Charges
A charge registered on 31 Aug 2015 via Charge ID 10593036 with Others was fully satisfied on 03 May 2024.
Charges
A charge with Shikshak Sahakari Bank Limited amounted to Rs. 6.00 Cr with Charge ID 100862172 was registered on 29 Dec 2023.
Charges
A charge registered on 17 Sep 2002 via Charge ID 90218469 with Ruppe Co Op Bank Ltd was fully satisfied on 30 Jun 2023.
Charges
A charge registered on 01 Dec 2001 via Charge ID 90218432 with Ruppe Co Op Bank Ltd was fully satisfied on 30 Jun 2023.
Charges
A charge registered on 21 Mar 2001 via Charge ID 90216298 with Ruppe Co Op Bank Ltd was fully satisfied on 30 Jun 2023.
Charges
A charge registered on 19 Mar 1998 via Charge ID 90219079 with Rupee Co Op Bank Ltd was fully satisfied on 30 Jun 2023.
Charges
A charge with Others of Rs. 65.00 Cr registered on 31 Aug 2015 with Charge ID 10593036 was modified on 10 Jan 2023.
43 earlier events are in the company report.
Frequently asked questions
Shewalkar Developers is an active public limited company based in Nagpur, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 18 July 1985 (41+ years old) and is registered under CIN U45203MH1985PLC036879.
Shewalkar Developers has 4 current directors:
- Ashutosh Ram Shewalkar - Managing Director
- Manisha Ashutosh Shewalkar - Whole-Time Director
- Madhao Gangadhar Sarpatwar - Director
- Apala Ashutosh Shewalkar - Additional Director
The latest financial statements of Shewalkar Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shewalkar Developers is 27AACCS5285Q1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shewalkar Developers is U45203MH1985PLC036879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shewalkar Developers has 113 court cases on record: 77 filed by the company and 36 filed against it. 11 are pending. Most are in the high courts.
Shewalkar Developers was incorporated on 18 July 1985, making it 41+ years old. It is registered with the Registrar of Companies, Mumbai.
Apala Ashutosh Shewalkar was appointed as Additional Director on 09 Aug 2025. Madhao Gangadhar Sarpatwar ceased to be Additional Director on 29 Sep 2022. Shabbir Ahmed Khan ceased to be Additional Director on 29 Sep 2022. Shewalkar Developers has 11 board changes on record in total.
Yes, Shewalkar Developers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-20-0060917).
Shewalkar Developers can be reached through the website shewalkars.com. Its registered office is in Nagpur, Maharashtra, India.