Neptune Developers Limited - Company Profile

Q: Who are the current directors of Neptune Developers Limited?

The current directors of Neptune Developers Limited are Girish Maganlal Limbachiya, Alpesh Ravichandra Gandhi, Sheetal Girish Rathod, Nayan Thakarshi Shah, Rahul Vijaykumar Parekh.

It is a real estate and construction public limited company based in Mumbai, Maharashtra, India, established in 2004.

2004 Mumbai, Maharashtra, India Under Cirp

Last Updated: July 29, 2025

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About Neptune Developers Limited

Neptune Developers Limited, a under cirp public limited company, was established on 15 July 2004 in Mumbai, Maharashtra, India. Engaging in real estate builders & developers within the construction sector, it holds CIN: U70102MH2004PLC147510. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹155.00 Cr and a paid-up capital of ₹115.44 Cr.

Formerly known as Neptune Developers Private Limited. It upholds a compliant status. Employing 31 professional, Its leadership includes Girish Maganlal Limbachiya (Director), Alpesh Ravichandra Gandhi (Director), Sheetal Girish Rathod (Director). Past directors included Ramesh Tikuchand Jogani, Mahesh Raghu Shetty, Nasser Mukhtar Munjee. It holds ₹660.10 Cr open charges and ₹277.42 Cr settled loans. Its latest AGM occurred on 30 September 2019, with the balance sheet filed on 31 March 2019. It is based at 4Th Floor, Eastern Business District, Near Mangatram Petrol Pump, Lbs Road, Bh Andup (W) India, Mumbai, Maharashtra, 400078.

Company Details

CIN/LLPIN
U70102MH2004PLC147510
Registration Number
147510
Incorporation Date
15 July 2004
Authorized Capital
₹155.00 Cr
Paid-Up Capital
₹115.44 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Under Cirp

Key Metrics

Authorised Capital ₹ 155.00 Cr as on 29-07-2025
Paid Up Capital ₹ 115.44 Cr as on 29-07-2025
Company Age 21 Year, 8 Months
Last Filing with ROC 31 Mar 2019
Open Charges ₹ 660.10 Cr as on 29-07-2025
Satisfied Charges ₹ 277.42 Cr as on 29-07-2025
Revenue Growth **** 21.95% (FY 2019)
Profit Growth **** -114.54% (FY 2019)
Ebitda **** -78.95% (FY 2019)
Net Worth -1875.57% (FY 2019)
Total Assets **** 11.04% (FY 2019)

Comprehensive Company Insights

Explore comprehensive insights into Neptune Developers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Neptune Developers Limited?

Current Directors

Name	Designation	Appointment Date	Status
Girish Maganlal Limbachiya	Director	19 Jun 2025	Current
Alpesh Ravichandra Gandhi	Director	19 Jun 2025	Current
Sheetal Girish Rathod	Director	01 Aug 2017	Current
Rahul Vijaykumar Parekh	Director	19 Jun 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	18 Sep 2012	Past
Pramod Abcsdd	Director	19 Jun 2014	Past
Pramod Abcsdd	Director	09 May 2011	Past
Pramod Abcsdd	Chief Financial Officer	-	Past
Pramod Abcsdd	Additional Director	30 Sep 2017	Past
Pramod Abcsdd	Key Managerial Personnel	-	Past

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Financial Performance of Neptune Developers.

Neptune Developers Limited, for the financial year ended 2019, experienced significant growth in revenue, with a 21.95% increase. The company also saw a substantial fall in profitability, with a 114.54% decrease in profit. The company's net worth observed a substantial decline by a decrease of 1875.57%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

21.95%

*******

Revenue from Operations

*******

18.73%

*******

Total Assets

*******

11.04%

*******

Profit or Loss

*******

-114.54%

*******

Net Worth

*******

-1875.57%

*******

EBITDA

*******

-78.95%

*******

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What is the Ownership and Shareholding Structure of Neptune Developers?

In 2019, Neptune Developers had a promoter holding of 85.98% and a public holding of 14.01%. The company had 11 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹6,600,953,000.00

Satisfied Charges

₹2,774,180,500.00

Charges Breakdown by Lending Institutions

Others : 560.00 Cr
Axis Trustee Services Limited : 100.00 Cr
Axis Bank Limited : 0.10 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Mar 2019	Others	₹120.00 Cr	Open
30 Dec 2017	Others	₹30.00 Cr	Open
29 Dec 2017	Others	₹145.00 Cr	Open
10 Mar 2017	Others	₹30.00 Cr	Open
05 May 2016	Others	₹235.00 Cr	Open

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How Many Employees Work at Neptune Developers?

Neptune Developers has a workforce of 31 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Neptune Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Neptune Developers's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Neptune Developers

Recent Activity within the Organization

Director Appointment

The activity Girish Maganlal Limbachiya was appointed as a Director was appointed as a Director on 19 Jun 2025 & has been associated with this company since 9 months 11 days . was completed.
19 Jun 2025
Director Appointment

The activity Alpesh Ravichandra Gandhi was appointed as a Director was appointed as a Director on 19 Jun 2025 & has been associated with this company since 9 months 11 days . was completed.
19 Jun 2025
Director Appointment

Progress on Rahul Vijaykumar Parekh was appointed as a Director was appointed as a Director on 19 Jun 2025 & has been associated with this company since 9 months 11 days . was documented.
19 Jun 2025
Charges

The activity A charge with Others of Rs. 120.00 Cr registered on 27 Mar 2019 with Charge ID 100258682 was modified on 06 Apr 2023. was completed.
06 Apr 2023
Charges

Progress on A charge with Others of Rs. 235.00 Cr registered on 05 May 2016 with Charge ID 100033116 was modified on 06 Apr 2023. was documented.
06 Apr 2023
Charges

The activity A charge with Others of Rs. 145.00 Cr registered on 29 Dec 2017 with Charge ID 100149059 was modified on 27 Mar 2020. was completed.
27 Mar 2020

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