About Neelkanth Urban Developers Private Limited
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Neelkanth Urban Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2006PTC163895. Its GSTIN is 27AAFCA8887K1ZX (Maharashtra).
The company has an authorised share capital of ₹5.2 Cr and a paid-up capital of ₹5.2 Cr. It was formerly known as Asim Realty Private Limited. It is led by directors including Mohan Patel Velji and Mukesh Mohan Patel.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Neelkanth Corporate I.T.Park Plot No.240 240/1 – 8 Kirol Road Vidhyavihar (West), Mumbai, Maharashtra, India – 400086.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.42 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹1.57 Cr and EBITDA of -₹1.47 Cr. Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 65% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹780 Cr on record. Court records list 37 cases involving the company, including 2 filed by the company and 35 filed against it; 1 case is 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 neelkanthgroup.com.
Company details
Contact details
Neelkanth Urban Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is neelkanthgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNeelkanth Corporate I.T.Park Plot No.240 240/1 – 8 Kirol Road Vidhyavihar (West), Mumbai, Maharashtra, India – 400086
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Neelkanth Urban Developers Private 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
Business activity
The main business activity of Neelkanth Urban Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
Financials of Neelkanth Urban Developers Private Limited
FY 2025 filings availableNeelkanth Urban Developers Private Limited reported revenue of ₹28.42 Lakh (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 33% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 65%. EBITDA fell 19% 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 | -₹1.47 Cr | ||||
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| Net Profit (PAT) | -₹1.57 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Neelkanth Urban Developers Private Limited, buy the company report.
Board of directors of Neelkanth Urban Developers Private Limited
Neelkanth Urban Developers has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Auditor
Neelkanth Urban Developers Private Limited is audited by CHATURVEDI AND SHAH LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI AND SHAH LLP | FY 2024 | 101720W/W100355 |
Shareholding
The shareholding of Neelkanth Urban Developers Private 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 Neelkanth Urban Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2018 | 100183773 | Others | ₹100 Cr | Satisfied | |
| 09 Oct 2015 | 10601729 | Jm Financial Credit Solutions Limited | ₹90 Cr | Satisfied | |
| 09 Oct 2015 | 10601732 | Jm Financial Products Limited | ₹60 Cr | Satisfied | |
| 26 Apr 2012 | 10353456 | Il & Fs Trust Company Limited | ₹100 Cr | Satisfied | |
| 26 Apr 2012 | 10360419 | Kotak Mahindra Prime Limited | ₹15 Cr | Satisfied |
To see the full charge records of Neelkanth Urban Developers Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Neelkanth Urban Developers Private Limited has 37 court cases on record: 2 filed by Neelkanth Urban Developers, 35 filed against it. 1 case is pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 33 | 0 |
| District courts | 1 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARAP) | Filed against the company by Urban Infrastructure Trustees Limited Junnarkar and Associates | Disposed |
| High Court | Court case (CARBP) | Filed against the company by Urban Infrastructure Trustees Limited Junnarkar and Associates | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Neelkanth Mansions and Infrastructures Private Limited Thru the Director Mr. Mukesh Mohan Patel 5Th Floor, Fine House, Anandji Lane, Ghatkopar (East) , District: Mumbai ,Mumbai , Maharashtra and 3 others | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by Urban Kshetra Infrastructure Pvt.Ltd. | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Urban Kshetra Infrastructure Pvt.Ltd. | Disposed |
To see the full case history of Neelkanth Urban Developers Private 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
Neelkanth Urban Developers Private Limited has 4 MSME Form 1 returns on record between 2019 and 2020, listing 21 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Desai Haribhakti Consulting Private Limited | |||
| Cann Copier Services Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Neelkanth Urban Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Neelkanth Urban Developers has 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
Employees & EPFO
Neelkanth Urban Developers Private Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Neelkanth Urban Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA8887K1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neelkanth Urban Developers Private Limited, buy the company report.
Recent activity
Neelkanth Urban Developers Private Limited has 19 board changes on record since 2006: 6 appointments and 13 cessations. The latest: Raju Anantbhai Tanna was appointed as Nominee Director on 25 Nov 2021.
27 earlier events are in the company report.
Frequently asked questions
Neelkanth Urban 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 19 August 2006 (20+ years old) and is registered under CIN U45202MH2006PTC163895.
Neelkanth Urban Developers has 6 current directors:
- Raju Anantbhai Tanna - Nominee Director
- Mohan Patel Velji - Director
- Mukesh Mohan Patel - Director
- Niraj Mohan Patel - Director
- Nirav Mukesh Dholakia - Nominee Director
- Rajeev Bhandari - Nominee Director
The latest financial statements of Neelkanth Urban Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Neelkanth Urban Developers is 27AAFCA8887K1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neelkanth Urban Developers is U45202MH2006PTC163895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neelkanth Urban Developers has 37 court cases on record: 2 filed by the company and 35 filed against it. 1 is pending. Most are in the high courts.
Neelkanth Urban Developers was incorporated on 19 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Raju Anantbhai Tanna was appointed as Nominee Director on 25 Nov 2021. Mayank Vyas ceased to be Nominee Director on 26 Aug 2021. Nirav Mukesh Dholakia was appointed as Nominee Director on 28 Dec 2020. Neelkanth Urban Developers has 19 board changes on record in total.
Neelkanth Urban Developers has 4 MSME Form 1 returns on record between 2019 and 2020, listing 21 overdue payments to 7 micro and small suppliers. The latest return was filed on 13 May 2021.
Neelkanth Urban Developers can be reached through the website neelkanthgroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Neelkanth Urban Developers is at Neelkanth Corporate I.T.Park Plot No.240 2401 – 8 Kirol Road Vidhyavihar West, Mumbai, Maharashtra, India – 400086.