Nish Developers Private Limited
About Nish Developers Private Limited
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Nish Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ail Realty Ltd.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2005PTC154633. Its GSTIN is 27AACCN1457H1ZI (Maharashtra).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹44.18 Lakh. It is led by directors Jai Prakash Hajarimal Khemka and Sanjay Rikhabdas Bamboli.
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 2025, the company reported a revenue of ₹48.9 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹31.05 Cr (net margin 63.5%) and EBITDA of ₹38.2 Cr (EBITDA margin 78.1%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 21% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹399.98 Cr on record. Court records list 149 cases involving the company, including 22 filed by the company and 127 filed against it; 58 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹405.42 Cr; the latest was in March 2022. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Centurions Housing & Constructions Private Limited with revenue of ₹49 Cr. The company has 10 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nish Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address17th Floor Avighna House Plot No 82 Dr Annie Besant Road Near Worli Naka W, Orli, Mumbai, Maharashtra, India – 400018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nish Developers 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 Nish Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Nish Developers Private Limited, buy the company report.
Financials of Nish Developers Private Limited
FY 2024 filings availableNish Developers Private Limited reported revenue of ₹48.9 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 25% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA rose 46% 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 | ₹38.2 Cr | ||||
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| Net Profit (PAT) | ₹31.05 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 78.1% | ||||
| Net Profit Margin | 63.5% | ||||
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To see the full financial statements and ratios of Nish Developers Private Limited, buy the company report.
Board of directors of Nish Developers Private Limited
Nish Developers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jai Prakash Hajarimal Khemka Also directs: Assay Developers LLP, N Y Construction and Developers LLP, Avighna India LLP and 5 more | Director | 08 Jul 2005 | 21 Years 3 Months | Current |
| Sanjay Rikhabdas Bamboli Also directs: N Y Construction and Developers LLP, Avighna India LLP, Sirius Land Holdings LLP and 5 more | Director | 08 Jul 2005 | 21 Years 3 Months | Current |
Peer comparison
Nish Developers Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Centurions Housing & Constructions Private Limited | ₹49 Cr (FY 2025) | 7096.0% | Chennai, Tamil Nadu, India | |||
| Altis Properties Private Limited | ₹48.93 Cr (FY 2025) | 104.0% | Chennai, Tamil Nadu, India | |||
| Nish Developers Private Limitedthis company | ₹48.9 Cr (FY 2025) | ₹31.05 Cr | 63.5% | 25.0% | 15 | Mumbai, Maharashtra, India |
| Satellite Aedifex Private Limited | ₹48.84 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Nish Developers Private Limited, buy the company report.
Auditor
Nish Developers Private Limited is audited by N.B. Khandelwal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.B. Khandelwal & Co | FY 2023 | 105051W |
Shareholding
The shareholding of Nish Developers 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 Nish Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2021 | 100471900 | Axis Bank Limited | ₹19.98 Cr | Satisfied | |
| 02 Aug 2019 | 100279501 | Others | ₹35 Cr | Satisfied | |
| 27 Mar 2014 | 10488405 | Axis Bank Limited | ₹215 Cr | Satisfied | |
| 24 Dec 2010 | 10265115 | State Bank of India | ₹50 Cr | Satisfied | |
| 01 Jul 2009 | 10167473 | State Bank of India | ₹80 Cr | Satisfied |
To see the full charge records of Nish Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Nish Developers Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹405.42 Cr; the latest was in March 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: N Y Construction and Developers Private Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: AIL Realty Limited Seller: Apple Cross Ventures Limited |
| Mar 2018 | Funding round | ₹86.87 Cr | Investors: Apple Cross Ventures Limited |
| Feb 2010 | Funding round | ₹80 Cr | Investors: N Y Construction and Developers Private Limited |
To see the full deal history of Nish Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Nish Developers Private Limited has 149 court cases on record: 22 filed by Nish Developers, 127 filed against it. 58 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 86 | 75 | 36 |
| District courts | 54 | 45 | 22 |
| Supreme Court | 8 | 7 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 149)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2301-Housing and Building-Municipal Laws-Housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning : Housing and Building- matters relating to Municipal Laws, housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning (other than RERA)) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2301-Housing and Building-Municipal Laws-Housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning : Housing and Building- matters relating to Municipal Laws, housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning (other than RERA)) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (2301-Housing and Building-Municipal Laws-Housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning : Housing and Building- matters relating to Municipal Laws, housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning (other than RERA)) | Filed against the company by individuals | Disposed |
| Supreme Court | Court case (2301-Housing and Building-Municipal Laws-Housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning : Housing and Building- matters relating to Municipal Laws, housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning (other than RERA)) | Filed against the company by individuals | Disposed |
| Supreme Court | Court case (2301-Housing and Building-Municipal Laws-Housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning : Housing and Building- matters relating to Municipal Laws, housing and building permits, slums rehabilitation, demolition, encroachment/ removal of encroachment, sealing and urban planning (other than RERA)) | Filed against the company by individuals | Disposed |
To see the full case history of Nish 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.
Credit ratings & regulatory alerts
Nish Developers Private Limited was last rated by Icra on 30 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jun 2021 |
To see the full credit ratings and regulatory alerts of Nish Developers Private Limited, buy the company report.
MSME payment delays
Nish Developers Private Limited has 10 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Andras India Services Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Nish Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nish Developers Private Limited has a workforce of 15 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Nish Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN1457H1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nish Developers Private Limited, buy the company report.
Recent activity
Nish Developers Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Ankit Rathi ceased to be Additional Director on 16 Jun 2022.
5 earlier events are in the company report.
Frequently asked questions
Nish 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 08 July 2005 (21+ years old) and is registered under CIN U45200MH2005PTC154633.
Nish Developers has 2 current directors:
- Jai Prakash Hajarimal Khemka - Director
- Sanjay Rikhabdas Bamboli - Director
The latest financial statements of Nish Developers 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 Nish Developers is 27AACCN1457H1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nish Developers is U45200MH2005PTC154633. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nish Developers has 149 court cases on record: 22 filed by the company and 127 filed against it. 58 are pending. Most are in the high courts.
Nish Developers was incorporated on 08 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Nish Developers has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹405.42 Cr; the latest was in March 2022.
The peers of Nish Developers by revenue are Centurions Housing & Constructions Private Limited, Altis Properties Private Limited, Satellite Aedifex Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ankit Rathi ceased to be Additional Director on 16 Jun 2022. Nandkishore Sitaram Saraf ceased to be CFO on 16 Jun 2022. Jai Prakash Hajarimal Khemka was appointed as Director on 08 Jul 2005. Nish Developers has 4 board changes on record in total.
Nish Developers has 10 MSME Form 1 returns on record between 2022 and 2024, listing 47 overdue payments to 5 micro and small suppliers. The latest return was filed on 22 Apr 2024.
The registered office of Nish Developers is at 17th Floor Avighna House Plot No 82 Dr Annie Besant Road Near Worli Naka W, Orli, Mumbai, Maharashtra, India – 400018.