About Neptune Developers Limited
Data last updated: 29 July 2025
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 specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 15 July 2004, the company has been in operation for over 22 years.
Registered with ROC Mumbai under CIN U70102MH2004PLC147510.
Capital: an authorised share capital of ₹155 Cr and a paid-up capital of ₹115.44 Cr. Formerly known as Neptune Developers Private Limited. It is led by directors including Girish Maganlal Limbachiya and Alpesh Ravichandra Gandhi.
Last AGM: 30 September 2019. Financial statements filed for year ended 31 March 2019. Office: 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.
The company has a workforce of approximately 31 employees as per the latest available data. 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 company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is neptunegroup.in.
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Registered Address4Th Floor Eastern Business District Near Mangatram Petrol Pump Lbs Road, Bh Andup (W) India, Mumbai, Maharashtra, India – 400078
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Neptune Developers Limited
Neptune Developers Limited 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
Neptune Developers Limited is engaged in the principal business activity of construction, with detailed activities including 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 for Neptune Developers Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Neptune Developers Limited
Neptune Developers Limited is audited by B.P Sanghani & Associates for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B.P Sanghani & Associates | Locked | Locked | Locked |
Complete auditor history for Neptune Developers Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
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Board of Directors of Neptune Developers Limited
Neptune Developers Limited is currently managed by 4 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Girish Maganlal Limbachiya | Director | 19 Jun 2025 | 1 Years 2 Months | As last reported |
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Alpesh Ravichandra Gandhi
Also directs:
Shree Yashodanand Realtors Private Limited, Eknath Infra Holding Private Limited, Ss Buildcon Private Limited and 5 more
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Director | 19 Jun 2025 | 1 Years 2 Months | As last reported |
| Sheetal Girish Rathod | Director | 01 Aug 2017 | 9 Years 0 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
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Director | 19 Jun 2025 | 1 Years 2 Months | As last reported |
Financials of Neptune Developers Limited FY 2019 filings available
Neptune Developers Limited reported revenue of ₹79.34 Cr (down 83.00% YoY) for FY 2019.
Ten-year financial statements for Neptune Developers Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Neptune Developers Limited
Shareholding and ownership data for Neptune Developers Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Group Structure of Neptune Developers Limited
Neptune Developers Limited has 11 subsidiary companies. This group structure data is as of FY 2019. The corporate group structure reflects Neptune Developers Limited's business expansion strategy and organizational complexity.
| 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 for Neptune Developers Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Neptune Developers Limited
GST registrations and filing compliance for Neptune Developers Limited
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Credit Ratings, Litigation & Regulatory Alerts for Neptune Developers Limited
Credit ratings, litigation, and regulatory alerts for Neptune Developers Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
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MSME Payment Delays by Neptune Developers Limited
MSME payment history for Neptune Developers Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
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Subsidiaries & Group Companies of Neptune Developers Limited
Corporate group structure for Neptune Developers Limited
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MCA Filings & Documents of Neptune Developers Limited
MCA filings and documents for Neptune Developers Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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Recent Activity on Neptune Developers Limited
Recent News on Neptune Developers Limited
Frequently Asked Questions about Neptune Developers Limited
Neptune Developers Limited 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 Limited is a company under insolvency, formerly operating as a public limited company in the real estate and construction sector based in Mumbai, Maharashtra, India. 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 Limited reported revenue of ₹79.34 Cr for FY 2019 (down 83.00% YoY).
The current directors of Neptune Developers Limited are:
- Girish Maganlal Limbachiya - Director
- Alpesh Ravichandra Gandhi - Director
- Sheetal Girish Rathod - Director
- Rahul Vijaykumar Parekh - Director
The CIN (Corporate Identification Number) of Neptune Developers Limited 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 Limited has open charges of ₹660.1 Cr and satisfied charges of ₹277.42 Cr as per latest MCA filings.