About Offbeat Developers Private Limited
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Offbeat Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of The Phoenix Mills Limited. It operates in the mall and retail management segment of the business services sector. It was incorporated on 14 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55200MH2000PTC124192. Its GSTIN is 27AAACO5140L1ZE (Maharashtra).
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹116.98 Cr. It was formerly known as Offbeat Cafe Private Limited. It is led by directors including Anant Patil (Managing Director) and Lalit Jain.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹365.15 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹121.2 Cr (net margin 33.2%) and EBITDA of ₹240.8 Cr (EBITDA margin 65.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹817.5 Cr and satisfied charges of ₹2,302.5 Cr on record. Court records list 93 cases involving the company, including 47 filed by the company and 46 filed against it; 11 cases are pending. The company has 24 deals on record (19 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹948.89 Cr; the latest was in June 2021. Its 9 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 5 smaller; the largest is Select Infrastructure Private Limited with revenue of ₹605.48 Cr. The company has 27 MSME Form 1 returns on record between 2017 and 2024, listing 215 overdue payments to 56 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phoenixoffices.in.
Company details
Contact details
Offbeat Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is phoenixoffices.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Marketcity Resources Pvt Ltd R Hosiery Bldg Gr Floor Laxmi Woollen Mills Estate Ma, Halaxmi, Mumbai, Maharashtra, India – 400011
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Offbeat 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 Offbeat Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Offbeat Developers Private Limited, buy the company report.
Financials of Offbeat Developers Private Limited
FY 2025 filings availableOffbeat Developers Private Limited reported revenue of ₹365.15 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 9% growth in the latest year. EBITDA rose 8% 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 | ₹240.8 Cr | ||||
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| Net Profit (PAT) | ₹121.2 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 | 65.9% | ||||
| Net Profit Margin | 33.2% | ||||
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To see the full financial statements and ratios of Offbeat Developers Private Limited, buy the company report.
Board of directors of Offbeat Developers Private Limited
Offbeat Developers has 6 current directors and 47 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Jain Also directs: Vamona Developers Private Limited, Alliance Spaces Private Limited, Graceworks Realty & Leisure Private Limited and 5 more | Director | 30 Jun 2021 | 5 Years 3 Months | Current |
| Anant Patil | Managing Director | 04 Aug 2023 | 3 Years 2 Months | Current |
| Shweta Pradeep Vyas Also directs: Island Star Mall Developers Private Limited, Vamona Developers Private Limited, Alliance Spaces Private Limited and 4 more | Director | 30 Sep 2022 | 4 Years 0 Months | Current |
| Siddhesh Pradeep Pradhan Also directs: Vamona Developers Private Limited, Columbus Investment Advisory LLP, Sheela Traders Private Limited and 5 more | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Vikas Bhoja Shetty Also directs: Insight Mall Developers Private Limited | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Khorezad Homi Dordi | Director | 24 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Offbeat Developers Private Limited is compared with the 9 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Select Infrastructure Private Limited | ₹605.48 Cr (FY 2025) | 9.0% | Thane, Maharashtra, India | |||
| Paliwal Real Estate Limited | ₹483.22 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Mani Square Limited | ₹477.89 Cr (FY 2024) | 1.0% | Kolkata, West Bengal, India | |||
| CSJ Infrastructure Private Limited. | ₹472.24 Cr (FY 2025) | 3.0% | Chandigarh, India | |||
| Offbeat Developers Private Limitedthis company | ₹365.15 Cr (FY 2025) | ₹121.2 Cr | 33.2% | 9.0% | 67 | Mumbai, Maharashtra, India |
| Wave Infratech Private Limited. | ₹352.12 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Ambience Developers & Infrastructure Private Limited. | ₹342.56 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Vamona Developers Private Limited | ₹330.76 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Trion Properties Private Limited | ₹325.41 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Express Infrastructure Private Limited | ₹314.29 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Offbeat Developers Private Limited, buy the company report.
Auditor
Offbeat Developers Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Offbeat 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 Offbeat Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2020 | 100326797 | The Hongkong and Shanghai Banking Corporation Limited | ₹17.5 Cr | Open | |
| 30 Jun 2017 | 100107941 | Idbi Trusteeship Services Limited | ₹800 Cr | Open | |
| 03 Sep 2015 | 10588947 | Indusind Bank Ltd. | ₹155 Cr | Satisfied | |
| 02 Dec 2014 | 10537898 | Idbi Trusteeship Services Limited | ₹620 Cr | Satisfied | |
| 13 Aug 2012 | 10370793 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied |
To see the full charge records of Offbeat Developers Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Offbeat Developers Private Limited has 24 deals on record (19 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹948.89 Cr; the latest was in June 2021.
Deals on record (5 of 24)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Reco Zinnia Private Limited Seller: The Phoenix Mills Limited |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: The Phoenix Mills Limited Seller: IL&FS Investment Managers |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: The Phoenix Mills Limited Seller: IL&FS Investment Managers |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: The Phoenix Mills Limited Seller: Eder River Limited |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: The Phoenix Mills Limited Seller: HBS Realtors Private Limited |
To see the full deal history of Offbeat 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
Offbeat Developers Private Limited has 93 court cases on record: 47 filed by Offbeat Developers, 46 filed against it. 11 cases are pending and 82 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 30 | 9 |
| High courts | 20 | 15 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Hor Kiddaan Foods Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against BJN Hospitality P Ltd and Ors and 4 others | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed by the company against BJN Hospitality Private Limited | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LEC) | Filed by the company against Joister Infomedia Private Limited | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LEC) | Filed by the company against Joister Infoserve Private Limited | Pending |
To see the full case history of Offbeat 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
Offbeat Developers Private Limited was last rated by Indiarating on 03 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 03 Aug 2021 |
To see the full credit ratings and regulatory alerts of Offbeat Developers Private Limited, buy the company report.
MSME payment delays
Offbeat Developers Private Limited has 27 MSME Form 1 returns on record between 2017 and 2024, listing 215 overdue payments to 56 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 56)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Candor Enviro Private Limited |
To see the full MSME payment records of Offbeat Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Offbeat Developers Private Limited has a workforce of 67 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Offbeat Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO5140L1ZE | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Offbeat Developers Private Limited, buy the company report.
Recent activity
Offbeat Developers Private Limited has 46 board changes on record since 2009: 6 appointments and 40 cessations. The latest: Khorezad Homi Dordi ceased to be Additional Director on 02 Sep 2025.
58 earlier events are in the company report.
Frequently asked questions
Offbeat Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in mall and retail management, within the business services industry. It was incorporated on 14 February 2000 (26+ years old) and is registered under CIN U55200MH2000PTC124192.
Offbeat Developers has 6 current directors:
- Anant Patil - Managing Director
- Lalit Jain - Director
- Shweta Pradeep Vyas - Director
- Siddhesh Pradeep Pradhan - Director
- Vikas Bhoja Shetty - Director
- Khorezad Homi Dordi - Director
The latest financial statements of Offbeat Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Offbeat Developers is 27AAACO5140L1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Offbeat Developers is U55200MH2000PTC124192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Offbeat Developers has 93 court cases on record: 47 filed by the company and 46 filed against it. 11 are pending. Most are in the district courts.
Offbeat Developers was incorporated on 14 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Offbeat Developers has 24 deals on record (19 secondary share transfers, 4 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹948.89 Cr; the latest was in June 2021.
The peers of Offbeat Developers by revenue are Select Infrastructure Private Limited, Paliwal Real Estate Limited, Mani Square Limited, CSJ Infrastructure Private Limited, Wave Infratech Private Limited. and 4 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Khorezad Homi Dordi ceased to be Additional Director on 02 Sep 2025. Vikas Bhoja Shetty ceased to be Additional Director on 02 Sep 2025. Khorezad Homi Dordi was appointed as Director on 24 Jun 2025. Offbeat Developers has 46 board changes on record in total.
Offbeat Developers has 27 MSME Form 1 returns on record between 2017 and 2024, listing 215 overdue payments to 56 micro and small suppliers. The latest return was filed on 01 May 2024.
Offbeat Developers can be reached through the website phoenixoffices.in. Its registered office is in Mumbai, Maharashtra, India.