About Neptune Developers Limited
Data last updated:
Neptune Developers Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 July 2004.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2004PLC147510. Its GSTIN is 27AACCN0234C2Z2 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹155 Cr and a paid-up capital of ₹115.44 Cr. It was formerly known as Neptune Developers Private Limited. It is led by directors including Girish Maganlal Limbachiya and Alpesh Ravichandra Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹79.34 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹192.2 Cr (net margin -242.2%) and EBITDA of -₹63.26 Cr (EBITDA margin -79.7%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 11% over five years.
The company has about 31 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
As per MCA filings, the company has open charges of ₹660.1 Cr and satisfied charges of ₹277.42 Cr on record.
The last known website on record is neptunegroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address4th Floor Eastern Business District Near Mangatram Petrol Pump Lbs Road, Bh Andup (W) India, Mumbai, Maharashtra, India – 400078
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
CIN History of Neptune Developers Limited
Neptune Developers has one previous CIN (Corporate Identification Number): U70102MH2004PTC147510. The current CIN is U70102MH2004PLC147510, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102MH2004PLC147510 | Current |
| U70102MH2004PTC147510 | Previous |
Business Activity of Neptune Developers Limited
The main business activity of Neptune Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Neptune Developers Limited
Neptune Developers Limited is audited by B.P Sanghani & Associates for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.P Sanghani & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Neptune Developers Limited
Neptune Developers has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Maganlal Limbachiya | Director | 19 Jun 2025 | 1 Years 3 Months | As last reported |
| Alpesh Ravichandra Gandhi Also directs: Shree Yashodanand Realtors Private Limited, Eknath Infra Holding Private Limited, SS Buildcon Private Limited and 5 more | Director | 19 Jun 2025 | 1 Years 3 Months | As last reported |
| Sheetal Girish Rathod | Director | 01 Aug 2017 | 9 Years 2 Months | As last reported |
| Rahul Vijaykumar Parekh Also directs: Shree Naman Sahyadri Projects Private Limited, Prizma Industrial Parks LLP, Shree Naman Land Developers LLP and 5 more | Director | 19 Jun 2025 | 1 Years 3 Months | As last reported |
Financials of Neptune Developers Limited FY 2019 filings available
Neptune Developers Limited reported revenue of ₹79.34 Cr (down 83% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Neptune Developers Limited
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 83% fall in the latest year. EBITDA fell 151% 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 of Neptune Developers Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹63.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹192.2 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Neptune Developers Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -79.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -242.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Neptune Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Neptune Developers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Neptune Developers Limited
Neptune Developers has 11 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Homeshell Estate Private Limited | U45201MH2016PTC288631 | Locked |
| Neptune Enclave Private Limited | U45202MH2008PTC177916 | Locked |
| Neptune Housing And Realty Private Limited | U45202MH2008PTC181599 | Locked |
| Neptune Homes Private Limited | U45202MH2008PTC181600 | Locked |
| Neptune Realtors & Developers Private Limited | U45202MH2008PTC181603 | Locked |
| Neptune Infra Ventures Private Limited | U45202MH2008PTC182853 | Locked |
Showing major subsidiaries. Total: 11.
Charges & Borrowings of Neptune Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2019 | Others | ₹120 Cr | Open |
| 30 Dec 2017 | Others | ₹30 Cr | Open |
| 29 Dec 2017 | Others | ₹145 Cr | Open |
| 10 Mar 2017 | Others | ₹30 Cr | Open |
| 05 May 2016 | Others | ₹235 Cr | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Neptune Developers Limited
Neptune Developers Limited has a workforce of 31 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Neptune Developers Limited
Neptune Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN0234C2Z2 | Maharashtra | Active | 07 Jan 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Neptune Developers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Neptune Developers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Neptune Developers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Neptune Developers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Neptune Developers Limited
Recent News on Neptune Developers Limited
Frequently Asked Questions about Neptune Developers Limited
Neptune Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Neptune Developers is a company under insolvency, formerly operating as a public 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 15 July 2004 and is registered under CIN U70102MH2004PLC147510. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Neptune Developers reported revenue of ₹79.34 Cr for FY 2019 (down 83% YoY).
Neptune Developers has 4 current directors:
- Girish Maganlal Limbachiya - Director
- Alpesh Ravichandra Gandhi - Director
- Sheetal Girish Rathod - Director
- Rahul Vijaykumar Parekh - Director
Neptune Developers reported a net loss of ₹192.2 Cr (net margin -242.2%) and EBITDA of -₹63.26 Cr (EBITDA margin -79.7%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Neptune Developers is -8% over three years and -11% over five years. In the latest year (FY 2019) revenue fell 83%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Neptune Developers is U70102MH2004PLC147510. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neptune Developers has open charges of ₹660.1 Cr and satisfied charges of ₹277.42 Cr as per latest MCA filings.
Neptune Developers was incorporated on 15 July 2004. It is registered with the Registrar of Companies, Mumbai.