About Nestor Builders & Developers Private Limited
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Nestor Builders & 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 11 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC142164. Its GSTIN is 27AACCB5344F1ZW (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Neslor Builders and Developers Private Limited and Bluesea Towers Private Limited. It is led by directors Kushal Shah Kirti and Kirti Shah Dahyalal.
Its last annual general meeting (AGM) was held on 30 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 2024, the company reported a revenue of ₹6.07 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹1.38 Cr (net margin -22.7%) and EBITDA of -₹1.37 Cr (EBITDA margin -22.6%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 154% over five years.
As per MCA filings, the company has satisfied charges of ₹89 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 9 deals on record (4 secondary share transfers, 4 debt financings, 1 funding round), with disclosed funding of ₹85.48 Cr; the latest was in February 2020. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Vastu Colonisers Private Limited with revenue of ₹6.08 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nestorconstructions.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address402 Nestor Court Vinayak Chs Compound Baji Prabhu Deshpande Marg Vile Parle (, W), Mumbai, Maharashtra, India – 400056
- 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
Business Activity of Nestor Builders & Developers Private Limited
The main business activity of Nestor Builders & Developers is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | 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.
Financials of Nestor Builders & Developers Private Limited FY 2024 filings available
Nestor Builders & Developers Private Limited reported revenue of ₹6.07 Cr (down 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nestor Builders & Developers Private Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 154%. EBITDA rose 57% 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 Nestor Builders & Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.37 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.38 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Nestor Builders & Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -22.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -22.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| 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 Nestor Builders & 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.
Peer Comparison of Nestor Builders & Developers Private Limited
Nestor Builders & Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vastu Colonisers Private Limited | ₹6.08 Cr (FY 2024) | •••• | •••• | •••• | Jaipur, Rajasthan, India | |
| Tybros Infratech Private Limited | ₹6.08 Cr (FY 2017) | •••• | •••• | 179.0% | •••• | Almora, Uttarakhand, India |
| Sumeet Bajoriya Infrastructure Private Limited | ₹6.08 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | Yavatmal, Maharashtra, India |
| Pushprattan Developers Private Limited | ₹6.08 Cr (FY 2024) | •••• | •••• | 3832.0% | •••• | Ballabgarh, Haryana, India |
| Geomovers Infra Private Limited | ₹6.07 Cr (FY 2024) | •••• | •••• | 129.0% | •••• | Sirsa, Haryana, India |
| Nestor Builders & Developers Private Limited this company | ₹6.07 Cr (FY 2024) | •••• | •••• | -42.0% | •••• | Mumbai, Maharashtra, India |
| Gshell Projects Private Limited | ₹6.07 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Hyderabad, Telangana, India |
| Suprada Industries Private Limited | ₹6.07 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Dharwad, Karnataka, India |
| Stalwart Impex Private Limited | ₹6.07 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Navi Mumbai, Maharashtra, India |
| Aswini Traders Private Limited | ₹6.07 Cr (FY 2024) | •••• | •••• | 141.0% | •••• | New Delhi, Delhi, India |
| Jayabharath Developers India Limited | ₹6.07 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Nestor Builders & Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Nestor Builders & Developers Private Limited
Nestor Builders & Developers Private Limited is audited by Samir Sanghavi & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Samir Sanghavi & 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 Nestor Builders & Developers Private Limited
Nestor Builders & Developers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kushal Shah Kirti Also directs: Sankirt Estates Private Limited, Sankirt Infracon Private Limited, Preci Marking Private Limited and 5 more | Director | 05 May 2012 | 14 Years 5 Months | Current |
| Kirti Shah Dahyalal Also directs: Meeti Petrochem Private Limited, Sankirt Estates Private Limited, Sankirt Infracon Private Limited and 5 more | Director | 02 May 2008 | 18 Years 5 Months | Current |
Ownership and Shareholding of Nestor Builders & Developers Private 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.
Charges & Borrowings of Nestor Builders & Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2020 | Others | ₹29 Cr | Satisfied |
| 06 Dec 2017 | Others | ₹18 Cr | Satisfied |
| 15 Jun 2016 | Others | ₹35 Cr | Satisfied |
| 20 Jun 2013 | Nkgsb Co-Operative Bank Limited | ₹7 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Nestor Builders & Developers Private Limited
Nestor Builders & Developers Private Limited has 9 deals on record (4 secondary share transfers, 4 debt financings, 1 funding round), with disclosed funding of ₹85.48 Cr; the latest was in February 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Debt financing | ₹29 Cr | Investors: Blacksoil Group |
| Dec 2017 | Debt financing | ₹18 Cr | Investors: Blacksoil Group |
| Apr 2017 | Debt financing | ₹9.5 Cr | Investors: Blacksoil Group |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Sankrit Holdings Private Limited, Sankrit Estates Private Limited, Sankrit Infracon Private Limited, an individual Seller: Kushal Investments, Sankirt Traders & Software Developers Private Limited, Gurudev Estate Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Pravin Amidas Mehta Huf, Kushal Investments, Gurudev Estate Private Limited Seller: Sankrit Holdings Private Limited, Sankrit Infracon Private Limited, 2 individuals |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Nestor Builders & Developers Private Limited
Nestor Builders & Developers Private Limited has 1 court case on record: 1 filed by Nestor Builders & Developers. All case is disposed. Status as checked on 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra and 4 Ors | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Nestor Builders & Developers Private Limited
Employment history and EPFO contributions of people linked to Nestor Builders & Developers.
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.
Name History of Nestor Builders & Developers Private Limited
Nestor Builders & Developers has undergone 2 name changes throughout its history. The company was previously known as Neslor Builders And Developers Private Limited, and Bluesea Towers Private Limited. The current legal name is Nestor Builders & Developers Private Limited.
| Company Name | Status |
|---|---|
| Nestor Builders & Developers Private Limited | Current |
| Neslor Builders And Developers Private Limited | Previous |
| Bluesea Towers Private Limited | Previous |
Recent Activity on Nestor Builders & Developers Private Limited
Nestor Builders & Developers Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Pravin Amidas Mehta ceased to be Director on 02 Jun 2014.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Nestor Builders & Developers Private 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 Nestor Builders & Developers Private 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 Nestor Builders & Developers Private 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.
GST Compliance of Nestor Builders & Developers Private Limited
Nestor Builders & Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB5344F1ZW | Maharashtra | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of Nestor Builders & Developers Private 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.
Frequently Asked Questions about Nestor Builders & Developers Private Limited
Nestor Builders & 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 11 September 2003 (23+ years old) and is registered under CIN U45200MH2003PTC142164.
Nestor Builders & Developers reported revenue of ₹6.07 Cr for FY 2024 (down 42% YoY).
Nestor Builders & Developers has 2 current directors:
- Kushal Shah Kirti - Director
- Kirti Shah Dahyalal - Director
Nestor Builders & Developers reported a net loss of ₹1.38 Cr (net margin -22.7%) and EBITDA of -₹1.37 Cr (EBITDA margin -22.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nestor Builders & Developers is 38% over three years and 154% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nestor Builders & Developers is 27AACCB5344F1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nestor Builders & Developers is U45200MH2003PTC142164. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nestor Builders & Developers has 1 court case on record: 1 filed by the company.
Nestor Builders & Developers was incorporated on 11 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Nestor Builders & Developers has 9 deals on record (4 secondary share transfers, 4 debt financings, 1 funding round), with disclosed funding of ₹85.48 Cr; the latest was in February 2020.
The peers of Nestor Builders & Developers by revenue are Vastu Colonisers Private Limited, Tybros Infratech Private Limited, Sumeet Bajoriya Infrastructure Private Limited, Pushprattan Developers Private Limited, Geomovers Infra Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).