Neepa Real Estates Private Limited
About Neepa Real Estates Private Limited
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Neepa Real Estates 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 22 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1992PTC070103. Its GSTIN is 27AAACN1884C1ZN (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22 Lakh. It is led by directors including Mehul Girish Sheth and Jitendra Natwarlal Sheth.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹975.68 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹533.19 Cr (net margin 54.6%) and EBITDA of ₹711.32 Cr (EBITDA margin 72.9%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 22% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,748.2 Cr and satisfied charges of ₹5,896.5 Cr on record. Court records list 14 cases involving the company, including 5 filed by the company and 9 filed against it; 7 cases are pending. The company has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2019. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 751 overdue payments to 38 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Neepa Real Estates Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBldg No 18 P2 Level Commercial Office Shops, Makwana Road Vasant Oasis Jb Nagar Marol Andheri (E), Mumbai, Maharashtra, India – 400059
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Neepa Real Estates 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 Neepa Real Estates 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 |
To see the full business activity and turnover split of Neepa Real Estates Private Limited, buy the company report.
Financials of Neepa Real Estates Private Limited
FY 2024 filings availableNeepa Real Estates Private Limited reported revenue of ₹975.68 Cr (up 314% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 314% growth 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 | ₹711.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹533.19 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 | 72.9% | ||||
| Net Profit Margin | 54.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Neepa Real Estates Private Limited, buy the company report.
Board of directors of Neepa Real Estates Private Limited
Neepa Real Estates has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Girish Sheth | Director | 19 Sep 2019 | 7 Years 1 Months | Current |
| Jitendra Natwarlal Sheth Also directs: Sheth & Ym Infra LLP, Transcon - Sheth Creators Private Limited, Sheth Creators & Sun-Vision Private Limited and 5 more | Director | 08 May 2020 | 6 Years 6 Months | Current |
| Vallabh Natwarlal Sheth Also directs: Sheth & Ym Infra LLP, Transcon - Sheth Creators Private Limited, Sheth Creators & Sun-Vision Private Limited and 4 more | Director | 23 Apr 2012 | 14 Years 6 Months | Current |
Auditor
Neepa Real Estates Private Limited is audited by M B Agrawal & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M B Agrawal & Co. | FY 2024 | 100137W |
Shareholding
The shareholding of Neepa Real Estates 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 Neepa Real Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2020 | 100345792 | Others | ₹1,748.2 Cr | Open | |
| 05 Jun 2020 | 100345755 | Others | ₹800 Cr | Satisfied | |
| 26 Aug 2019 | 100284213 | Others | ₹100 Cr | Satisfied | |
| 10 Jun 2019 | 100272108 | Idbi Trusteeship Services Limited | ₹240 Cr | Satisfied | |
| 10 Jun 2019 | 100272109 | Idbi Trusteeship Services Limited | ₹207 Cr | Satisfied |
To see the full charge records of Neepa Real Estates Private Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Neepa Real Estates Private Limited has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2019.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Amardeep India Investment One Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Amardeep India Investment One Limited Seller: Morgan Stanley Real Estate Fund |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Neepa Real Estates Private 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
Neepa Real Estates Private Limited has 14 court cases on record: 5 filed by Neepa Real Estates, 9 filed against it. 7 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 3 |
| District courts | 4 | 2 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| Supreme Court | Appeal | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed against the company by individuals | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra and Anr. and 1 other | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against individuals | Pending |
To see the full case history of Neepa Real Estates 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
Neepa Real Estates Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 751 overdue payments to 38 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 38)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sumit Safe Security Private Limited | |||
| Fine Waters Company | |||
| an individual supplier | |||
| Ornate Liquid Chemicals & Floorings Private Limited | |||
| Hallmark Elevators Private Limited |
To see the full MSME payment records of Neepa Real Estates Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Neepa Real Estates Private Limited has a workforce of 27 employees on its EPFO records as of Sep 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 27 |
| 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 Neepa Real Estates Private Limited, buy the company report.
GST
Neepa Real Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACN1884C1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neepa Real Estates Private Limited, buy the company report.
Recent activity
Neepa Real Estates Private Limited has 15 board changes on record since 2010: 3 appointments and 12 cessations. The latest: Jitendra Natwarlal Sheth was appointed as Director on 08 May 2020.
87 earlier events are in the company report.
Frequently asked questions
Neepa Real Estates 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 22 December 1992 (34+ years old) and is registered under CIN U45200MH1992PTC070103.
Neepa Real Estates has 3 current directors:
- Mehul Girish Sheth - Director
- Jitendra Natwarlal Sheth - Director
- Vallabh Natwarlal Sheth - Director
The latest financial statements of Neepa Real Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Neepa Real Estates is 27AAACN1884C1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Neepa Real Estates is U45200MH1992PTC070103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neepa Real Estates has 14 court cases on record: 5 filed by the company and 9 filed against it. 7 are pending. Most are in the high courts.
Neepa Real Estates was incorporated on 22 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Neepa Real Estates has 11 deals on record (10 secondary share transfers, 1 acquisition); the latest was in December 2019.
Jitendra Natwarlal Sheth was appointed as Director on 08 May 2020. Mehul Girish Sheth ceased to be Additional Director on 30 Sep 2019. Jitendra Natwarlal Sheth ceased to be Director on 19 Sep 2019. Neepa Real Estates has 15 board changes on record in total.
Neepa Real Estates has 14 MSME Form 1 returns on record between 2019 and 2024, listing 751 overdue payments to 38 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Neepa Real Estates is at Bldg No 18 P2 Level Commercial Office Shops, Makwana Road Vasant Oasis Jb Nagar Marol Andheri E, Mumbai, Maharashtra, India – 400059.
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