About Panama Builders and Developers Private Limited
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Panama Builders and 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 30 September 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1997PTC110983. Its GSTIN is 27AACCP5112H1ZO (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Akbarali Essabhai Rayani and Samir Akbarali Rayani.
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 401 Aza House 24 Turner Road Bandra (W), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.36 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net profit of ₹1.78 Cr (net margin 75.4%) and EBITDA of ₹2.27 Cr (EBITDA margin 95.9%). Revenue has declined at a compounded annual rate (CAGR) of 821% over three years and 16% over five years.
As per MCA filings, the company has satisfied charges of ₹9.86 Cr on record. Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 3 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 panamapetro.com.
Company details
Contact details
Panama Builders and Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is panamapetro.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address401 Aza House 24 Turner Road Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Panama Builders and 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 Panama Builders and 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 |
Financials of Panama Builders and Developers Private Limited
FY 2025 filings availablePanama Builders and Developers Private Limited reported revenue of ₹2.36 Cr (down 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 60% fall in the latest year. EBITDA fell 61% 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 | ₹2.27 Cr | ||||
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| Net Profit (PAT) | ₹1.78 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 | 95.9% | ||||
| Net Profit Margin | 75.4% | ||||
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To see the full financial statements and ratios of Panama Builders and Developers Private Limited, buy the company report.
Board of directors of Panama Builders and Developers Private Limited
Panama Builders and Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akbarali Essabhai Rayani | Director | 30 Sep 1997 | 29 Years 0 Months | Current |
| Samir Akbarali Rayani Also directs: Panama Petrochem Limited | Director | 01 Oct 2009 | 17 Years 0 Months | Current |
| Amirali Essabhai Rayani | Director | 30 Sep 1997 | 29 Years 0 Months | Current |
Peer comparison
Panama Builders and Developers Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Ind Marvel Projects Private Limited | ₹2.37 Cr (FY 2024) | 13.0% | Hyderabad, Telangana, India | |||
| Sen & Sen Infraprojects Private Limited | ₹2.36 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Panama Builders and Developers Private Limitedthis company | ₹2.36 Cr (FY 2025) | ₹1.78 Cr | 75.4% | -60.0% | Mumbai, Maharashtra, India | |
| Ramu Brothers Constructions Private Limited | ₹2.36 Cr (FY 2024) | 28.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Panama Builders and Developers Private Limited, buy the company report.
Auditor
Panama Builders and Developers Private Limited is audited by CHANDRAKANT B SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHANDRAKANT B SHAH & CO | FY 2019 | 112614W |
Shareholding
The shareholding of Panama Builders and Developers Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Panama Builders and Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Mar 2020 | 100332918 | Others | ₹3.37 Cr | Satisfied | |
| 20 Dec 2019 | 100311779 | Others | ₹1.8 Cr | Satisfied | |
| 04 Oct 2010 | 10252618 | Development Credit Bank Limited | ₹4.69 Cr | Satisfied |
To see the full charge records of Panama Builders and Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Panama Builders and Developers Private Limited has 7 court cases on record: 6 filed by Panama Builders and Developers, 1 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 2 |
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S Nutan Kalpana Co-Op. HSG. Soc. Ltd Authorised Representative Office at Sarojini Naidu Road, Mulund (W), Mumbai- 400 080 , District: Mumbai ,Mumbai , Maharashtra | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against M/S. Nutan Kalpana Co-Op, HSG. Soc. Ltd. | Pending |
| Bombay High Court | Court case (NMA) | Filed by the company against M/S Nutan Kalpana Co-Op HSG Soc Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against M/S. Nutan Kalpana Co-Op, HSG. Soc. Ltd. | Disposed |
| Bombay High Court | Court case (APP) | Filed by the company against M/S Nutan Kalpana Co-Op HSG Soc Ltd | Disposed |
To see the full case history of Panama Builders and 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 Panama Builders and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panama Builders and Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP5112H1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panama Builders and Developers Private Limited, buy the company report.
Recent activity
Panama Builders and Developers Private Limited has 7 board changes on record since 1997: 3 appointments and 4 cessations. The latest: Amin Amirali Rayani ceased to be Director on 10 Jul 2023.
4 earlier events are in the company report.
News
Frequently asked questions
Panama Builders and 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 30 September 1997 (29+ years old) and is registered under CIN U45200MH1997PTC110983.
Panama Builders and Developers has 3 current directors:
- Akbarali Essabhai Rayani - Director
- Samir Akbarali Rayani - Director
- Amirali Essabhai Rayani - Director
The latest financial statements of Panama Builders and 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 Panama Builders and Developers is 27AACCP5112H1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Panama Builders and Developers is U45200MH1997PTC110983. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panama Builders and Developers has 7 court cases on record: 6 filed by the company and 1 filed against it. 3 are pending. Most are in the high courts.
Panama Builders and Developers was incorporated on 30 September 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Panama Builders and Developers by revenue are Ind Marvel Projects Private Limited, Sen & Sen Infraprojects Private Limited, Ramu Brothers Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Amin Amirali Rayani ceased to be Director on 10 Jul 2023. Mukesh Trambaklal Mehta ceased to be Director on 30 Jul 2021. Vazirali Essabhai Rayani ceased to be Director on 01 Aug 2018. Panama Builders and Developers has 7 board changes on record in total.
Panama Builders and Developers can be reached through the website panamapetro.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Panama Builders and Developers is at 401 Aza House 24 Turner Road Bandra W, Mumbai, Maharashtra, India – 400050.