MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0028507
Palai Developers Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.56 Cr
▼ 43% YoY
Net loss · FY 2025
₹3.75 Lakh
Net margin -2.4%
EBITDA · FY 2025
-₹3.6 Lakh
EBITDA margin -2.3%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹14 Cr
Satisfied ₹66.18 Cr
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Palai Developers Private Limited
Data last updated:
Palai Developers 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 25 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2008PTC183966. Its GSTIN is 27AAECP7284L1ZS (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Palai Realty and Infrastructure Private Limited. It is led by directors Jayantilal Korshi Nandu (Director Appointed In Casual Vacancy) and Rajesh Dhanji Gala.
Its last annual general meeting (AGM) was held on 30 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 ₹1.56 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹3.75 Lakh (net margin -2.4%) and EBITDA of -₹3.6 Lakh (EBITDA margin -2.3%). Revenue has declined at a compounded annual rate (CAGR) of 101% over three years and 23% over five years.
As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹66.18 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it.
Palai Developers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0028507). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website palaigroup.com.
Company details
CIN U45202MH2008PTC183966
Registration Number 183966
Incorporation Date 25 June 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0028507
Recognitions & Rankings of Palai Developers
Contact details
Palai Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is palaigroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 96 Ground Floor Arudh Niwas, Hindu Colony Lane No. 3 Dadar East, Mumbai, Maharashtra, India – 400014
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Palai Developers Private Limited, buy the company report.
Comprehensive company report
Palai Developers Private Limited - one report that includes everything
- 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
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Financials of Palai Developers Private Limited
FY 2025 filings availablePalai Developers Private Limited reported revenue of ₹1.56 Cr (down 43% YoY) for FY 2025.
Revenue · FY 2025
₹1.56 Cr ▼ 43%
Net loss · FY 2025
₹3.75 Lakh margin -2.4%
EBITDA · FY 2025
-₹3.6 Lakh margin -2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▲ 101%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▼ 101%
3 years · compounded
▼ 31%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 43% fall in the latest year. EBITDA fell 101% 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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| Total Expenses | |||||
| EBITDA | -₹3.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.75 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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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 | -2.3% | ||||
| Net Profit Margin | -2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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To see the full financial statements and ratios of Palai Developers Private Limited, buy the company report.
Board of directors of Palai Developers Private Limited
Palai Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Korshi Nandu | Director Appointed In Casual Vacancy | 26 Sep 2024 | 2 Years 1 Months | Current |
| Rajesh Dhanji Gala | Director | 25 Jun 2008 | 18 Years 4 Months | Current |
Auditor
Palai Developers Private Limited is audited by MINESH M SHAH & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MINESH M SHAH & CO | FY 2020 | 116492W |
Shareholding
The shareholding of Palai Developers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Palai Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14 Cr
Satisfied charges
₹66.18 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2012 | 10367385 | Ecl Finance Limited | ₹14 Cr | Open | |
| 05 Aug 2016 | 100046102 | State Bank of India | ₹9.93 Cr | Satisfied | |
| 25 Jul 2016 | 100049686 | Others | ₹22.5 Cr | Satisfied | |
| 02 Apr 2009 | 10153758 | Indian Bank | ₹33.75 Cr | Satisfied |
To see the full charge records of Palai Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Palai Developers Private Limited has 9 court cases on record: 3 filed by Palai Developers, 6 filed against it. All cases are disposed.
Total cases
9
Filed by the company
3
Filed against the company
6
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Calvin Trade and Developers Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Calvin Trade and Developers Pvt Ltd | Disposed |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Calvin Trade and Developers Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Edelweiss Asset Reconstruction Company Limited and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Edelweiss Asset Reconstruction Company Ltd Th. Priyanka Shelar | Disposed |
To see the full case history of Palai 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 Palai Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palai Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP7284L1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palai Developers Private Limited, buy the company report.
Recent activity
Palai Developers Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Jayantilal Korshi Nandu was appointed as Director Appointed In Casual Vacancy on 26 Sep 2024.
AGM
Palai Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Palai Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Jayantilal Korshi Nandu was appointed as Director Appointed In Casual Vacancy.
Ceased
Dhanji Ghellabhai Gala ceased to be Director.
Charges
A charge registered on 25 Jul 2016 via Charge ID 100049686 with Others was fully satisfied on 14 Sep 2023.
Charges
A charge registered on 05 Aug 2016 via Charge ID 100046102 with State Bank Of India was fully satisfied on 21 Aug 2021.
Charges
A charge with Others of Rs. 2,250.00 Lakh registered on 25 Jul 2016 with Charge ID 100049686 was modified on 27 Mar 2020.
Charges
A charge registered on 02 Apr 2009 via Charge ID 10153758 with Indian Bank was fully satisfied on 21 Mar 2017.
Charges
A charge with State Bank Of India amounted to Rs. 993.00 Lakh with Charge ID 100046102 was registered on 05 Aug 2016.
Charges
A charge with Others amounted to Rs. 2,250.00 Lakh with Charge ID 100049686 was registered on 25 Jul 2016.
Charges
A charge with Ecl Finance Limited amounted to Rs. 1,400.00 Lakh with Charge ID 10367385 was registered on 30 Jul 2012.
Charges
A charge with Indian Bank amounted to Rs. 3,375.00 Lakh with Charge ID 10153758 was registered on 02 Apr 2009.
2 earlier events are in the company report.
Frequently asked questions
Palai 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 June 2008 (18+ years old) and is registered under CIN U45202MH2008PTC183966.
Palai Developers has 2 current directors:
- Jayantilal Korshi Nandu - Director Appointed In Casual Vacancy
- Rajesh Dhanji Gala - Director
The latest financial statements of Palai Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Palai Developers is 27AAECP7284L1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Palai Developers is U45202MH2008PTC183966. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palai Developers has 9 court cases on record: 3 filed by the company and 6 filed against it. Most are in the high courts.
Palai Developers was incorporated on 25 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Jayantilal Korshi Nandu was appointed as Director Appointed In Casual Vacancy on 26 Sep 2024. Dhanji Ghellabhai Gala ceased to be Director on 24 Jun 2024. Rajesh Dhanji Gala was appointed as Director on 25 Jun 2008.
Yes, Palai Developers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0028507).
Palai Developers can be reached through the website palaigroup.com. Its registered office is in Mumbai, Maharashtra, India.