About Nirman Hotels Private Limited
Data last updated:
Nirman Hotels 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 12 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2007PTC300610. Its GSTIN is 24AACCN5289R1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.48 Cr. It is led by directors including Shantilal Chimanlal Sheth and Bhavesh Shantilal Sheth.
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 3B Court Chambers Vithaldas Thackersy Marg Behind Income Tax Office, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.38 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Lakh (net margin 0.5%) and EBITDA of ₹1.25 Cr (EBITDA margin 52.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 12% over five years.
Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shethdevelopers.in.
Company details
CIN history
Nirman Hotels has one previous CIN (Corporate Identification Number): U55101GJ2007PTC051100. The current CIN is U55101MH2007PTC300610, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH2007PTC300610 | Current |
| U55101GJ2007PTC051100 | Previous |
Contact details
Nirman Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its website is shethdevelopers.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3B Court Chambers Vithaldas Thackersy Marg Behind Income Tax Office, Mumbai, Maharashtra, India – 400020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nirman Hotels Private Limited, buy the company report.
- 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
Business activity
The main business activity of Nirman Hotels is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Nirman Hotels Private Limited, buy the company report.
Financials of Nirman Hotels Private Limited
FY 2024 filings availableNirman Hotels Private Limited reported revenue of ₹2.38 Cr (down 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 18% fall in the latest year. EBITDA fell 36% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.25 Cr | ||||
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| Net Profit (PAT) | ₹1.16 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.4% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Nirman Hotels Private Limited, buy the company report.
Board of directors of Nirman Hotels Private Limited
Nirman Hotels has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shantilal Chimanlal Sheth Also directs: Sheth Buildhome LLP, Shanti Infracon Private Limited, RR Real Estate Development Private Limited and 5 more | Director | 21 Jul 2015 | 11 Years 3 Months | Current |
| Bhavesh Shantilal Sheth Also directs: Sheth Buildhome LLP, Shanti Infracon Private Limited, RR Real Estate Development Private Limited and 5 more | Director | 27 Jun 2013 | 13 Years 4 Months | Current |
| Sonali Bhavesh Sheth | Director | 04 Dec 2020 | 5 Years 11 Months | Current |
Auditor
Nirman Hotels Private Limited is audited by V. C. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. C. Shah & Co. | FY 2023 | 109818W |
Shareholding
The shareholding of Nirman Hotels Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nirman Hotels Private Limited, buy the company report.
Legal cases
Nirman Hotels Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Arbitration matter | Filed against the company by Cars24 Services Pvt Ltd | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by individuals | Disposed |
To see the full case history of Nirman Hotels 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
Nirman Hotels Private Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 14 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nirman Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nirman Hotels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCN5289R1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirman Hotels Private Limited, buy the company report.
Recent activity
Nirman Hotels Private Limited has 14 board changes on record since 2011: 3 appointments and 11 cessations. The latest: Sonali Bhavesh Sheth ceased to be Additional Director on 30 Dec 2020.
5 earlier events are in the company report.
Frequently asked questions
Nirman Hotels 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 12 June 2007 (19+ years old) and is registered under CIN U55101MH2007PTC300610.
Nirman Hotels has 3 current directors:
- Shantilal Chimanlal Sheth - Director
- Bhavesh Shantilal Sheth - Director
- Sonali Bhavesh Sheth - Director
The latest financial statements of Nirman Hotels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirman Hotels is 24AACCN5289R1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nirman Hotels is U55101MH2007PTC300610. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirman Hotels has 2 court cases on record: 2 filed against it. 1 is pending.
Nirman Hotels was incorporated on 12 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Sonali Bhavesh Sheth ceased to be Additional Director on 30 Dec 2020. Sonali Bhavesh Sheth was appointed as Director on 04 Dec 2020. Shantilal Chimanlal Sheth ceased to be Additional Director on 29 Sep 2015. Nirman Hotels has 14 board changes on record in total.
Nirman Hotels has 11 MSME Form 1 returns on record between 2019 and 2024, listing 14 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nirman Hotels can be reached through the website shethdevelopers.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Nirman Hotels is at 3B Court Chambers Vithaldas Thackersy Marg Behind Income Tax Office, Mumbai, Maharashtra, India – 400020.
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