About Nival Developers Private Limited
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Nival Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Piramal International Consultants Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2011PTC220137. Its GSTIN is 27AADCN7364C1ZH (Maharashtra).
The company has an authorised share capital of ₹2,004 Cr and a paid-up capital of ₹1,496.41 Cr. It is led by directors Sunilkumar Jagdishprasad Adukia and Vandana Jitendra Chablani.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Piramal Tower Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.97 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹120.16 Cr and EBITDA of ₹3.43 Lakh (EBITDA margin 86.4%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 58% over five years.
As per MCA filings, the company has open charges of ₹1,200 Cr and satisfied charges of ₹882 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1,100.1 Cr; the latest was in February 2022. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities on fee or contract basis) are compared by revenue, 2 larger and 3 smaller; the largest is Om Aaryan Housing Private Limited with revenue of ₹3.98 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piramal.com.
Company details
Contact details
Nival Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is piramal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Piramal Tower Peninsula Corporate Park, Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Nival 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
Financials of Nival Developers Private Limited
FY 2025 filings availableNival Developers Private Limited reported revenue of ₹3.97 Lakh (down 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 50% fall in the latest year. EBITDA fell 54% 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 | ₹3.43 Lakh | ||||
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| Net Profit (PAT) | -₹120.16 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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| EBITDA Margin | 86.4% | ||||
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To see the full financial statements and ratios of Nival Developers Private Limited, buy the company report.
Board of directors of Nival Developers Private Limited
Nival Developers has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Jagdishprasad Adukia | Director | 24 Feb 2014 | 12 Years 8 Months | Current |
| Vandana Jitendra Chablani Also directs: Topzone Mercantile Private Limited, The Piramal Art Foundation, PDL Realty Private Limited and 5 more | Director | 20 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Nival Developers Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities on fee or contract basis), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Om Aaryan Housing Private Limited | ₹3.98 Lakh (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Fortress Properties and Developers Private Limited | ₹3.97 Lakh (FY 2022) | Mumbai, Maharashtra, India | ||||
| Nival Developers Private Limitedthis company | ₹3.97 Lakh (FY 2025) | -₹120.16 Cr | -50.0% | Mumbai, Maharashtra, India | ||
| Camerton Real Estate Private Limited | ₹3.97 Lakh (FY 2025) | -24.0% | Kolkata, West Bengal, India | |||
| Jagdish Developers and Colonizers Private Limited | ₹3.97 Lakh (FY 2025) | 1.0% | Neemuch, Madhya Pradesh, India | |||
| V.S. Finance Ltd. | ₹3.97 Lakh (FY 2025) | 2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Nival Developers Private Limited, buy the company report.
Auditor
Nival Developers Private Limited is audited by Mayur Khandelwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mayur Khandelwal & Co. | FY 2023 | 134723W |
Shareholding
The shareholding of Nival 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nival Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2023 | 100718491 | Others | ₹100 Cr | Open | |
| 25 Jul 2022 | 100613696 | Others | ₹100 Cr | Open | |
| 03 Aug 2020 | 100361442 | Others | ₹500 Cr | Open | |
| 25 Jan 2018 | 100153396 | Others | ₹500 Cr | Open | |
| 04 Feb 2021 | 100425445 | Others | ₹467 Cr | Satisfied |
To see the full charge records of Nival Developers Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Nival Developers Private Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1,100.1 Cr; the latest was in February 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Rights issue | ₹100 Cr | Investors: PRL Properties LLP |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: PRL Properties LLP , Piramal International Consultants Private Limited , Piramal International Consultants Private Limited & Ajay G Piramal Seller: PRL Realtors LLP , Semplice Corporate Solutions Private Limited , Aasan Developers And Construction Private Limited & Swati A. Piramal |
| Mar 2017 | Funding round | ₹10 Lakh | Investors: PRL Realtors LLP |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Semplice Corporate Solutions Private Limited , Aasan Developers And Construction Private Limited & Swati A. Piramal, Aasan Developers And Construction Private Limited & Ajay G. Piramal Seller: Pepl Developers Private Limited , Piramal Estates Private Limited & Ajay G. Piramal, Piramal Estates Private Limited & Swati A. Piramal |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Pepl Developers Private Limited , Piramal Estates Private Limited & Ajay G. Piramal, Piramal Estates Private Limited & Swati A. Piramal Seller: 2 individuals |
To see the full deal history of Nival 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
Nival Developers Private Limited has 6 court cases on record: 3 filed by Nival Developers, 3 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 2 |
| District courts | 2 | 2 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Mahrashtra and Ors. | Pending |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by an individual | Disposed |
To see the full case history of Nival 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
No delayed payments to MSME suppliers are on our record for Nival Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nival Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCN7364C1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nival Developers Private Limited, buy the company report.
Recent activity
Nival Developers Private Limited has 14 board changes on record since 2012: 2 appointments and 12 cessations. The latest: Vandana Jitendra Chablani ceased to be Additional Director on 25 Sep 2023.
14 earlier events are in the company report.
Frequently asked questions
Nival 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 25 July 2011 (15+ years old) and is registered under CIN U70102MH2011PTC220137.
Nival Developers has 2 current directors:
- Sunilkumar Jagdishprasad Adukia - Director
- Vandana Jitendra Chablani - Director
The latest financial statements of Nival Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nival Developers is 27AADCN7364C1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nival Developers is U70102MH2011PTC220137. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nival Developers has 6 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Nival Developers was incorporated on 25 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Nival Developers has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹1,100.1 Cr; the latest was in February 2022.
The peers of Nival Developers by revenue are Om Aaryan Housing Private Limited, Fortress Properties and Developers Private Limited, Camerton Real Estate Private Limited, Jagdish Developers and Colonizers Private Limited, V.S. Finance Ltd, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities on fee or contract basis).
Vandana Jitendra Chablani ceased to be Additional Director on 25 Sep 2023. Vandana Jitendra Chablani was appointed as Director on 20 Mar 2023. Anuj Jitendra Mehta ceased to be Additional Director on 20 Sep 2022. Nival Developers has 14 board changes on record in total.
Nival Developers can be reached through the website piramal.com. Its registered office is in Mumbai, Maharashtra, India.
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