About Mahindra World City Developers Limited
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Mahindra World City Developers Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Mahindra Lifespace Developers Limited. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 19 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U92490TN1997PLC037551. Its GSTIN is 33AAACM6904A1Z4 (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹155.5 Cr and a paid-up capital of ₹20 Cr. It was formerly known as Mahindra Industrial Park Limited. It is led by directors including Amit Kumar Sinha and Ramachandran Karthikeyan.
Its last annual general meeting (AGM) was held on 16 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground Floor 'Mahindra Towers 17/18 Patulous Road, Chennai, Tamil Nadu, India – 600006.
As per the financials filed for FY 2025, the company reported a revenue of ₹663.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹142.17 Cr (net margin 21.4%) and EBITDA of ₹233.81 Cr (EBITDA margin 35.2%). Revenue has grown at a compounded annual rate (CAGR) of 185% over three years and 72% over five years.
The company has about 52 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Mahindra Lifespaces and Mahindra World City. As per MCA filings, the company has open charges of ₹68 Cr and satisfied charges of ₹1,673.5 Cr on record. Court records list 193 cases involving the company, including 92 filed by the company and 101 filed against it; 58 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹165.25 Cr; the latest was in March 2023. The company has 6 MSME Form 1 returns on record between 2020 and 2021, listing 15 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindraworldcity.com.
Company details
Contact details
Mahindra World City Developers Limited's registered office is in Chennai, Tamil Nadu. Its website is mahindraworldcity.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor 'Mahindra Towers 17/18 Patulous Road, Chennai, Tamil Nadu, India – 600006
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Mahindra World City Developers Limited, buy the company report.
- 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
Brands
Mahindra World City Developers operates two associated brands: Mahindra Lifespaces and Mahindra World City. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial infrastructure development services are provided. | mahindralifespaces.com | |
| Residential real estate properties are developed by Mahindra World City. | mahindraworldcity.com |
Business activity
The main business activity of Mahindra World City Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Mahindra World City Developers Limited, buy the company report.
Financials of Mahindra World City Developers Limited
FY 2025 filings availableMahindra World City Developers Limited reported revenue of ₹663.3 Cr (up 254% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 254% growth in the latest year. EBITDA rose 162% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹663.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹233.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹142.17 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 35.2% | ||||
| Net Profit Margin | 21.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Mahindra World City Developers Limited, buy the company report.
Board of directors of Mahindra World City Developers Limited
Mahindra World City Developers has 3 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Kumar Sinha Also directs: Mahindra Lifespace Developers Limited, Mahindra World City (Jaipur) Limited, Mahindra Happinest Developers Limited and 5 more | Director | 21 Apr 2023 | 3 Years 6 Months | Current |
| Ramachandran Karthikeyan Also directs: Tanfac Industries Limited, Sree Maruthi Marine Industries Limited, Tamil Nadu Telecommunication Limited and 5 more | Director | 21 Mar 2024 | 2 Years 7 Months | Current |
| Amrita Verma Chowdhury Also directs: ZF Commercial Vehicle Control Systems India Limited, Mahindra Lifespace Developers Limited, Nesco Limited and 5 more | Director | 30 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Mahindra World City Developers Limited is audited by B. K. Khare & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2025 | 105102W |
Shareholding
The shareholding of Mahindra World City Developers Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | 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 Mahindra World City Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2020 | 100321397 | Axis Bank Limited | ₹25 Cr | Open | |
| 24 Aug 2015 | 10604065 | Hdfc Bank Limited | ₹43 Cr | Open | |
| 27 Jun 2022 | 100600241 | Others | ₹270 Cr | Satisfied | |
| 14 Sep 2021 | 100487416 | Others | ₹49 Cr | Satisfied | |
| 09 Dec 2020 | 100402229 | Others | ₹45 Cr | Satisfied |
To see the full charge records of Mahindra World City Developers Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Mahindra World City Developers Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹165.25 Cr; the latest was in March 2023.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Debt financing | ₹45 Cr | Investors: ICICI Prudential Medium Term Bond Fund |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Mahindra Lifespace Developers Limited & Rajan Narayan, Mahindra Lifespace Developers Limited & Siddharth Bafna, Mahindra Lifespace Developers Limited Seller: Prudential Management and Services Pvt Ltd , 3 individuals |
| Sep 2014 | Secondary share transfer | Undisclosed | Seller: Mahindra Lifespace Developers Limited |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: Prudential Management and Services Pvt Ltd Seller: Corbel Estates & Investments Private Limited, Azrael Investments Private Limited |
To see the full deal history of Mahindra World City Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra World City Developers Limited has 193 court cases on record: 92 filed by Mahindra World City Developers, 101 filed against it. 58 cases are pending and 135 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 156 | 76 | 37 |
| District courts | 29 | 24 | 20 |
| Supreme Court | 5 | 0 | 1 |
| NCLT | 2 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 193)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed against the company by Sunspaze Infrastructure Private Limited | Disposed |
| Madras High Court | Appeal | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
To see the full case history of Mahindra World City 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.
Credit ratings & regulatory alerts
Mahindra World City Developers Limited was last rated by Indiarating on 02 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 02 Jul 2021 |
To see the full credit ratings and regulatory alerts of Mahindra World City Developers Limited, buy the company report.
MSME payment delays
Mahindra World City Developers Limited has 6 MSME Form 1 returns on record between 2020 and 2021, listing 15 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Digital Dreams Marketing | |||
| Unifac Management Services ( India) Private Limited |
To see the full MSME payment records of Mahindra World City Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mahindra World City Developers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Mahindra Industrial Park Chennai Limited | U45209TN2014PLC098543 |
To see the full group structure of Mahindra World City Developers Limited, buy the company report.
Employees & EPFO
Mahindra World City Developers Limited has a workforce of 52 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 52 |
| 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 Mahindra World City Developers Limited, buy the company report.
GST
Mahindra World City Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM6904A1Z4 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACM6904A3Z2 | Tamil Nadu | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Mahindra World City Developers Limited, buy the company report.
Recent activity
Mahindra World City Developers Limited has 40 board changes on record since 2008: 5 appointments and 35 cessations. The latest: Vikram Goel was appointed as CEO on 16 Apr 2025.
65 earlier events are in the company report.
News
Frequently asked questions
Mahindra World City Developers is an active public limited company based in Chennai, Tamil Nadu, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 19 February 1997 (29+ years old) and is registered under CIN U92490TN1997PLC037551.
Mahindra World City Developers has 3 current directors:
- Amit Kumar Sinha - Director
- Ramachandran Karthikeyan - Director
- Amrita Verma Chowdhury - Director
The latest financial statements of Mahindra World City Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra World City Developers is 33AAACM6904A1Z4, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACM6904A3Z2 (Tamil Nadu).
The CIN (Corporate Identification Number) of Mahindra World City Developers is U92490TN1997PLC037551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra World City Developers has 193 court cases on record: 92 filed by the company and 101 filed against it. 58 are pending. Most are in the high courts.
Mahindra World City Developers was incorporated on 19 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Chennai.
Mahindra World City Developers has 5 deals on record (3 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹165.25 Cr; the latest was in March 2023.
Vikram Goel was appointed as CEO on 16 Apr 2025. Avinash Ashok Bapat ceased to be CEO on 15 Apr 2025. Vimal Agarwal ceased to be CEO on 30 Apr 2024. Mahindra World City Developers has 40 board changes on record in total.
Mahindra World City Developers has 6 MSME Form 1 returns on record between 2020 and 2021, listing 15 overdue payments to 3 micro and small suppliers. The latest return was filed on 07 Feb 2024.
Mahindra World City Developers can be reached through the website mahindraworldcity.com. Its registered office is in Chennai, Tamil Nadu, India.
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