MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0225011
Panache Developers Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.1 Lakh
▲ 510% YoY
Net profit · FY 2024
₹2.56 Lakh
Net margin 42%
EBITDA · FY 2024
₹4.24 Lakh
EBITDA margin 69.4%
Authorised capital
₹3.99 Cr
Registered with MCA
Paid-up capital
₹3.99 Cr
Issued & subscribed
Open charges
₹83.18 Cr
Satisfied ₹42.5 Cr
Company age
16 yrs
Est. 2010
Directors on board
5
As per MCA filings
About Panache Developers Private Limited
Data last updated:
Panache 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 20 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2010PTC199110. Its GSTIN is 27AAFCP3050M1Z9 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.99 Cr and a paid-up capital of ₹3.99 Cr. It is led by directors including Sunil Tolaram Kukreja and Yuvraj Sunil Kukreja.
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 106 Oliva Apartment Cts No. 325 Pt And 326 Pt Behind Lakme Company Village Govandi, Mumbai, Maharashtra, India – 400088.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.1 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.56 Lakh (net margin 42%) and EBITDA of ₹4.24 Lakh (EBITDA margin 69.4%). Revenue has grown at a compounded annual rate (CAGR) of 100% over five years.
As per MCA filings, the company has open charges of ₹83.18 Cr and satisfied charges of ₹42.5 Cr on record. Court records list 17 cases involving the company, including 1 filed by the company and 16 filed against it; 1 case is pending.
Panache Developers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0225011). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panachedevelopers.com.
Company details
CIN U45202MH2010PTC199110
Registration Number 199110
Incorporation Date 20 January 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0225011
Recognitions & Rankings of Panache Developers
Contact details
Panache Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is panachedevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address106 Oliva Apartment Cts No. 325 Pt And 326 Pt Behind Lakme Company Village Govandi, Mumbai, Maharashtra, India – 400088
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Panache Developers Private Limited, buy the company report.
Comprehensive company report
Panache 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Panache Developers Private Limited
FY 2024 filings availablePanache Developers Private Limited reported revenue of ₹6.1 Lakh (up 510% YoY) for FY 2024.
Revenue · FY 2024
₹6.1 Lakh ▲ 510%
Net profit · FY 2024
₹2.56 Lakh margin 42%
EBITDA · FY 2024
₹4.24 Lakh margin 69.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 510%
5 years · compounded
▲ 100%
EBITDA CAGR growth
3 years · compounded
▲ 109%
5 years · compounded
▲ 58%
Revenue has grown at a compounded annual rate (CAGR) of 100% over five years, including 510% growth 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.56 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.4% | ||||
| Net Profit Margin | 42% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Panache Developers Private Limited, buy the company report.
Board of directors of Panache Developers Private Limited
Panache Developers has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Tolaram Kukreja Also directs: Victory Flask Company Private Limited, Ravi Estate Private Limited, Timestar Developers Private Limited and 5 more | Director | 09 Aug 2021 | 5 Years 2 Months | Current |
| Yuvraj Sunil Kukreja | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
| Rupa Sunil Kukreja Also directs: Timestar Developers Private Limited, Aparanta Hotels Private Limited, Gromore Portfolio Fund Ltd. and 5 more | Director | 16 Apr 2022 | 4 Years 6 Months | Current |
| Rhea Sunil Kukreja Also directs: Maza Developers Private Limited, TGK School Foundation | Director | 04 Jul 2025 | 1 Years 3 Months | Current |
| Yashraj Sunil Kukreja Also directs: Maza Developers Private Limited, Saiom Developers Private Limited, Pole Star Infrastructure Private Limited and 5 more | Director | 15 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Panache Developers Private Limited is audited by NIKHIL D SHAH & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIKHIL D SHAH & CO | FY 2023 | 137750W |
Shareholding
The shareholding of Panache 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 Panache Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹83.18 Cr
Satisfied charges
₹42.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2024 | 100971569 | Others | ₹50 Cr | Open | |
| 28 Mar 2024 | 100946455 | Others | ₹2.55 Cr | Open | |
| 27 Apr 2022 | 100566706 | Others | ₹30.63 Cr | Open | |
| 19 Dec 2018 | 100230458 | State Bank of India | ₹42.5 Cr | Satisfied |
To see the full charge records of Panache Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Panache Developers Private Limited has 17 court cases on record: 1 filed by Panache Developers, 16 filed against it. 1 case is pending and 16 are disposed.
Total cases
17
Filed by the company
1
Filed against the company
16
Pending
1
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 0 |
| High courts | 4 | 4 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Cushman and Wakefield India Private Limited Through Its Authorised Representative Mr Sanmati Patil | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Cushman and Wakefield India Private Limited Through Its Authorised Representative Mr Sanmati Patil | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Fem Constructions (India) Pvt.Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
To see the full case history of Panache 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 Panache Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panache Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP3050M1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panache Developers Private Limited, buy the company report.
Recent activity
Panache Developers Private Limited has 11 board changes on record since 2012: 5 appointments and 6 cessations. The latest: Rhea Sunil Kukreja was appointed as Director on 04 Jul 2025.
Appointed
Rhea Sunil Kukreja was appointed as Director.
AGM
Panache Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100971569 was registered on 07 Aug 2024.
Filing
Panache Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 2.55 Cr with Charge ID 100946455 was registered on 28 Mar 2024.
Charges
A charge with Others amounted to Rs. 30.63 Cr with Charge ID 100566706 was registered on 27 Apr 2022.
Ceased
Nandkumar Maheshwar Thakur ceased to be Director.
Appointed
Rupa Sunil Kukreja was appointed as Director.
Appointed
Yashraj Sunil Kukreja was appointed as Director.
Appointed
Yuvraj Sunil Kukreja was appointed as Director.
Ceased
Akshay Motilal Shah ceased to be Director.
Ceased
Sunil Tolaram Kukreja ceased to be Additional Director.
7 earlier events are in the company report.
Frequently asked questions
Panache 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 20 January 2010 (16+ years old) and is registered under CIN U45202MH2010PTC199110.
Panache Developers has 5 current directors:
- Sunil Tolaram Kukreja - Director
- Yuvraj Sunil Kukreja - Director
- Rupa Sunil Kukreja - Director
- Rhea Sunil Kukreja - Director
- Yashraj Sunil Kukreja - Director
The latest financial statements of Panache 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 Panache Developers is 27AAFCP3050M1Z9, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Panache Developers is U45202MH2010PTC199110. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panache Developers has 17 court cases on record: 1 filed by the company and 16 filed against it. 1 is pending. Most are in the district courts.
Panache Developers was incorporated on 20 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Rhea Sunil Kukreja was appointed as Director on 04 Jul 2025. Nandkumar Maheshwar Thakur ceased to be Director on 16 Apr 2022. Rupa Sunil Kukreja was appointed as Director on 16 Apr 2022. Panache Developers has 11 board changes on record in total.
Yes, Panache Developers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0225011).
Panache Developers can be reached through the website panachedevelopers.com. Its registered office is in Mumbai, Maharashtra, India.