India's Richest People 2026 edition · 1 director · Source: Hurun India
- #79 Darshan Hiranandani ₹37,900 Cr
Revenue · FY 2024
₹118.97 Cr
▲ 268% YoY
Net loss · FY 2024
₹59.68 Cr
Net margin -50.2%
EBITDA · FY 2024
₹83.1 Cr
EBITDA margin 69.8%
Authorised capital
₹4.51 Cr
Registered with MCA
Paid-up capital
₹4.51 Cr
Issued & subscribed
Open charges
₹3,585 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
14
Provident fund records
About Nidp Developers Private Limited
Data last updated:
Nidp Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Infin Data Centre Holdings Limited. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 12 August 2020 and has been in existence for over 6 years.
Its director Darshan Hiranandani is #79 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2020PTC343708. Its GSTIN is 27AAHCN0874H1ZA (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹4.51 Cr and a paid-up capital of ₹4.51 Cr. It is led by directors including Manoj Subhash Mhatre and Saurabh Bharat.
Its last annual general meeting (AGM) was held on 30 September 2025, 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 ₹118.97 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹59.68 Cr (net margin -50.2%) and EBITDA of ₹83.1 Cr (EBITDA margin 69.8%).
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,585 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
For more details, the company can be reached via its website yotta.com.
Company details
CIN U45309MH2020PTC343708
Registration Number 343708
Incorporation Date 12 August 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Infin Data Centre Holdings Limited
Key People
Darshan Niranjan Hiranandani Nominee Director Manoj Subhash Mhatre Director Saurabh Bharat Director Recognitions & Rankings of Nidp Developers
Contact details
Nidp Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressUnit No. 101 1st Floor Bg House, Lake Boulevard Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Nidp Developers Private Limited, buy the company report.
Comprehensive company report
Nidp Developers Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Nidp Developers is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Nidp Developers Private Limited, buy the company report.
Financials of Nidp Developers Private Limited
FY 2024 filings availableNidp Developers Private Limited reported revenue of ₹118.97 Cr (up 268% YoY) for FY 2024.
Revenue · FY 2024
₹118.97 Cr ▲ 268%
Net loss · FY 2024
₹59.68 Cr margin -50.2%
EBITDA · FY 2024
₹83.1 Cr margin 69.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 268%
EBITDA CAGR growth
1 year
▲ 247%
Revenue rose 268% in the latest year. EBITDA rose 247% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹83.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹59.68 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 69.8% | |||
| Net Profit Margin | -50.2% | |||
| 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 | ||||
To see the full financial statements and ratios of Nidp Developers Private Limited, buy the company report.
Board of directors of Nidp Developers Private Limited
Nidp Developers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshan Niranjan Hiranandani Also directs: Tarq Semiconductors Private Limited, He Terminals Private Limited, CDC Data Centre Private Limited and 5 more | Nominee Director | 01 Jul 2021 | 5 Years 4 Months | Current |
| Manoj Subhash Mhatre Also directs: PDC Data Centre Private Limited, Florence Farms Private Limited, Herrlich Developers Private Limited and 5 more | Director | 12 Aug 2020 | 6 Years 2 Months | Current |
| Saurabh Bharat Also directs: CDC Data Centre Private Limited, NMDC Data Centre Private Limited, Yotta Network Services Private Limited and 5 more | Director | 07 Jan 2025 | 1 Years 10 Months | Current |
Auditor
Nidp Developers Private Limited is audited by Shridhar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shridhar & Associates | FY 2023 | 134427W |
Shareholding
The shareholding of Nidp Developers Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nidp Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3,585 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jul 2023 | 100746850 | Others | ₹1,450 Cr | Open | |
| 03 Mar 2023 | 100693012 | Others | ₹1,575 Cr | Open | |
| 08 Oct 2021 | 100487682 | Others | ₹525 Cr | Open | |
| 05 Feb 2021 | 100414847 | Others | ₹35 Cr | Open |
To see the full charge records of Nidp Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Nidp Developers Private Limited has 1 court case on record: 1 filed by Nidp Developers. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
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 |
|---|---|---|---|
| Allahabad High Court | Court case (WTAX) | Filed by the company against State of U.P. and 2 Others | Disposed |
To see the full case history of Nidp Developers 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
Nidp Developers Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 17 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Datsons Electronics Pvt Ltd | |||
| JJ Waste Solution Private Limited | |||
| Konnet Solutions Private Limited | |||
| an individual supplier | |||
| Orient Technologies Limited |
To see the full MSME payment records of Nidp Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nidp Developers Private Limited has a workforce of 14 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
7.69%
GST
Nidp Developers has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCN0874H1ZA | Maharashtra | Active | 29 Aug 2020 |
| 09AAHCN0874H1Z8 | Uttar Pradesh | Active | 12 Nov 2020 |
| 09AAHCN0874H2Z7 | Uttar Pradesh | Active | 14 Jun 2024 |
To see the full GST registrations and return filing status of Nidp Developers Private Limited, buy the company report.
Recent activity
Nidp Developers Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Viral Jayantilal Shah ceased to be Director on 08 Jan 2025.
AGM
Nidp Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Viral Jayantilal Shah ceased to be Director.
Appointed
Saurabh Bharat was appointed as Director.
Ceased
Darshan Niranjan Hiranandani ceased to be Director.
Filing
Nidp Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 1,450.00 Cr with Charge ID 100746850 was registered on 12 Jul 2023.
Charges
A charge with Others amounted to Rs. 1,575.00 Cr with Charge ID 100693012 was registered on 03 Mar 2023.
Charges
A charge with Others amounted to Rs. 525.00 Cr with Charge ID 100487682 was registered on 08 Oct 2021.
Charges
A charge with Others of Rs. 35.00 Cr registered on 05 Feb 2021 with Charge ID 100414847 was modified on 02 Sep 2021.
Appointed
Darshan Niranjan Hiranandani was appointed as Nominee Director.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 100414847 was registered on 05 Feb 2021.
Appointed
Manoj Subhash Mhatre was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Nidp Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 12 August 2020 (6+ years old) and is registered under CIN U45309MH2020PTC343708.
Nidp Developers has 3 current directors:
- Darshan Niranjan Hiranandani - Nominee Director
- Manoj Subhash Mhatre - Director
- Saurabh Bharat - Director
The latest financial statements of Nidp Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Nidp Developers is 27AAHCN0874H1ZA, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 09AAHCN0874H1Z8 (Uttar Pradesh), 09AAHCN0874H2Z7 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Nidp Developers is U45309MH2020PTC343708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nidp Developers has 1 court case on record: 1 filed by the company.
Nidp Developers was incorporated on 12 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Viral Jayantilal Shah ceased to be Director on 08 Jan 2025. Saurabh Bharat was appointed as Director on 07 Jan 2025. Darshan Niranjan Hiranandani ceased to be Director on 06 Jan 2025. Nidp Developers has 6 board changes on record in total.
Nidp Developers has 6 MSME Form 1 returns on record between 2022 and 2024, listing 17 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nidp Developers can be reached through the website yotta.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nidp Developers is at Unit No. 101 1st Floor Bg House, Lake Boulevard Street Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
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