About Nitin Developers Private Limited
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Nitin Developers Private Limited is a private limited company based in Goa, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 23 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U67100GA2004PTC003583. Its GSTIN is 30AACCN0256G1Z2 (Goa).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.84 Lakh. It is led by directors Nitin Ashok Kumar Saraf and Kausshal Kanhayalal Bagadia.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at La Casa Grand Plot No. E – 1 Lane No.2st. Mary'S Colony Miramar Panjim, Goa, India – 403001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.35 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Cr (net margin 35.6%) and EBITDA of ₹4.75 Cr (EBITDA margin 64.7%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 28% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹3.15 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 2 cases are 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 nitindevelopers.com.
Company details
CIN history
Nitin Developers has one previous CIN (Corporate Identification Number): U70101GA2004PTC003583. The current CIN is U67100GA2004PTC003583, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100GA2004PTC003583 | Current |
| U70101GA2004PTC003583 | Previous |
Contact details
Nitin Developers Private Limited's registered office is in Goa. Its website is nitindevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressLa Casa Grand Plot No. E – 1 Lane No.2st. Mary'S Colony Miramar Panjim, Goa, India – 403001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nitin 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 Nitin 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 Nitin Developers Private Limited, buy the company report.
Financials of Nitin Developers Private Limited
FY 2025 filings availableNitin Developers Private Limited reported revenue of ₹7.35 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 28%. EBITDA fell 17% 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 | ₹4.75 Cr | ||||
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| Net Profit (PAT) | ₹2.61 Cr | ||||
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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 | 64.7% | ||||
| Net Profit Margin | 35.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nitin Developers Private Limited, buy the company report.
Board of directors of Nitin Developers Private Limited
Nitin 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 |
|---|---|---|---|---|
| Nitin Ashok Kumar Saraf Also directs: Calvin Trade and Developers Private Limited, Levantar Estate Private Limited, Saraf Foundations Private Limited and 1 more | Director | 23 Aug 2004 | 22 Years 2 Months | Current |
| Kausshal Kanhayalal Bagadia Also directs: Acmepack Pvt Ltd, Calvin Associates Private Limited, Calvin Investment Company Private Limited and 2 more | Director | 23 Aug 2004 | 22 Years 2 Months | Current |
Peer comparison
Nitin Developers Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Buddha Engicon Private Limited | ₹7.36 Cr (FY 2025) | 31.0% | Patna, Bihar, India | |||
| Rajprabha Developers Privite Limited | ₹7.35 Cr (FY 2023) | -61.0% | Vasai, Maharashtra, India | |||
| Nitin Developers Private Limitedthis company | ₹7.35 Cr (FY 2025) | ₹2.61 Cr | 35.6% | -6.0% | 2 | Goa, India |
| Arora Infraventures Private Limited | ₹7.35 Cr (FY 2024) | 60.0% | Raipur, Chhattisgarh, India | |||
| Udyanchal Mega Constructions Private Limited | ₹7.35 Cr (FY 2025) | 41.0% | Ranchi, Jharkhand, India |
To see the full peer comparison of Nitin Developers Private Limited, buy the company report.
Auditor
Nitin Developers Private Limited is audited by R K PIKALE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K PIKALE & CO | FY 2023 | 107919W |
Shareholding
The shareholding of Nitin 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nitin Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101198262 | Hdfc Bank Limited | ₹6 Cr | Open | |
| 29 Apr 2015 | 10572455 | Dcb Bank Limited | ₹3.15 Cr | Satisfied |
To see the full charge records of Nitin Developers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Nitin Developers Private Limited has 10 court cases on record: 3 filed by Nitin Developers, 7 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 2 |
| High courts | 4 | 4 | 0 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Court case (SCS) | Filed by the company against Crystal Shipping Co. Pvt. Ltd. | Pending |
| District court, North Goa, Goa | Civil suit | Filed by the company against an individual | Pending |
| District court, North Goa, Goa | Appeal | Filed against the company by an individual | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Mahendra Investment Advisor Pvt Ltd | Disposed |
| District court, North Goa, Goa | Court case (SCS) | Filed against the company by an individual | Disposed |
To see the full case history of Nitin 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
Nitin Developers Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mayank Gupta Prop: M/S C'cure Building Solutions |
To see the full MSME payment records of Nitin Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nitin Developers Private Limited has a workforce of 2 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 | |
| FY 2014-15 |
To see the full employee and EPFO history of Nitin Developers Private Limited, buy the company report.
GST
Nitin Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AACCN0256G1Z2 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nitin Developers Private Limited, buy the company report.
Recent activity
Nitin Developers Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Ashokkumar Shiwbhagwan Saraf ceased to be Director on 15 Jun 2020.
Frequently asked questions
Nitin Developers is an active private limited company based in Goa, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 23 August 2004 (22+ years old) and is registered under CIN U67100GA2004PTC003583.
Nitin Developers has 2 current directors:
- Nitin Ashok Kumar Saraf - Director
- Kausshal Kanhayalal Bagadia - Director
The latest financial statements of Nitin Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nitin Developers is 30AACCN0256G1Z2, registered in Goa.
The CIN (Corporate Identification Number) of Nitin Developers is U67100GA2004PTC003583. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nitin Developers has 10 court cases on record: 3 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Nitin Developers was incorporated on 23 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Nitin Developers by revenue are Buddha Engicon Private Limited, Rajprabha Developers Privite Limited, Arora Infraventures Private Limited, Udyanchal Mega Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashokkumar Shiwbhagwan Saraf ceased to be Director on 15 Jun 2020. Atima Saraf ceased to be Director on 15 Jun 2020. Poonam Kausshal Bagadia ceased to be Director on 15 Jun 2020. Nitin Developers has 5 board changes on record in total.
Nitin Developers has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 20 Jun 2019.
Nitin Developers can be reached through the website nitindevelopers.com. Its registered office is in Goa, India.
The registered office of Nitin Developers is at La Casa Grand Plot No. E – 1 Lane No.2st. MaryS Colony Miramar Panjim, Goa, India – 403001.
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