About Parinee Realty Private Limited
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Parinee Realty 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 05 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1998PTC113833. Its GSTIN is 27AABCG5484E1ZL (Maharashtra).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17 Cr. It was formerly known as Green Bird Developers Private Limited. It is led by directors Dhaval Dilipbhai Shah and Vipul Dilip Shah.
Its last annual general meeting (AGM) was held on 21 March 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹93.55 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹155.42 Cr (net margin -166.1%) and EBITDA of -₹102.1 Cr (EBITDA margin -109.1%). Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 7% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: Parinee. As per MCA filings, the company has open charges of ₹1,074.78 Cr and satisfied charges of ₹2,616.15 Cr on record. Court records list 139 cases involving the company, including 59 filed by the company and 80 filed against it; 41 cases are pending. The company has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.64 Cr; the latest was in December 2015. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 3 smaller; the largest is B.L. Gupta Construction Private Limited with revenue of ₹96.78 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parinee.com.
Company details
Contact details
Parinee Realty Private Limited's registered office is in Mumbai, Maharashtra. Its website is parinee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No.102/103 1st Floor Smag House Plot No.157A Sarojini Rd Extension Opp Darshanaapt VI, Le Parle W, Mumbai, Maharashtra, India – 400056
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Parinee Realty 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
Brands
Parinee Realty operates one associated brand: Parinee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-specialty hospital care is provided across various medical fields. | parinee.com |
Business activity
The main business activity of Parinee Realty 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 |
To see the full business activity and turnover split of Parinee Realty Private Limited, buy the company report.
Financials of Parinee Realty Private Limited
FY 2021 filings availableParinee Realty Private Limited reported revenue of ₹93.55 Cr (down 35% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 35% fall in the latest year. EBITDA fell 31% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹93.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹102.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹155.42 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -109.1% | ||||
| Net Profit Margin | -166.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Parinee Realty Private Limited, buy the company report.
Board of directors of Parinee Realty Private Limited
Parinee Realty has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Dilipbhai Shah Also directs: Parinee Buildcon LLP, Greenbird Constructions Private Limited, Parinee Developers & Projects Private Limited and 5 more | Director | 15 Dec 2005 | 20 Years 10 Months | Current |
| Vipul Dilip Shah Also directs: Parinee Buildcon LLP, Greenbird Constructions Private Limited, P D Construction Private Limited and 5 more | Director | 15 Mar 1998 | 28 Years 7 Months | Current |
Peer comparison
Parinee Realty Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| B.L. Gupta Construction Private Limited | ₹96.78 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Logix Buildtech Private Limited | ₹96.62 Cr (FY 2025) | -2.0% | Delhi, India | |||
| Sri Elite Plus Construction Private Limited | ₹96.54 Cr (FY 2025) | 68.0% | Chennai, Tamil Nadu, India | |||
| Muppa Projects India Private Limited | ₹96.37 Cr (FY 2025) | -33.0% | Ramachandrapuram, Telangana, India | |||
| Parinee Realty Private Limitedthis company | ₹93.55 Cr (FY 2021) | -₹155.42 Cr | -166.1% | -35.0% | 20 | Mumbai, Maharashtra, India |
To see the full peer comparison of Parinee Realty Private Limited, buy the company report.
Auditor
Parinee Realty Private Limited is audited by For M B R & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For M B R & ASSOCIATES | FY 2020 | 145769W |
Shareholding
The shareholding of Parinee Realty Private Limited is on record for 5 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Parinee Realty Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2023 | 100792409 | Idbi Trusteeship Services Limited | ₹50 Cr | Open | |
| 19 Jul 2021 | 100474019 | Others | ₹90,000 | Open | |
| 30 Dec 2020 | 100406224 | Idbi Trusteeship Services Limited | ₹39.5 Cr | Open | |
| 30 Dec 2020 | 100406850 | Idbi Trusteeship Services Limited | ₹105 Cr | Open | |
| 08 Oct 2020 | 100379905 | Others | ₹288.3 Cr | Open |
To see the full charge records of Parinee Realty Private Limited, buy the company report.
Total charge records: 47 View all charges
Deals & funding
Parinee Realty Private Limited has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.64 Cr; the latest was in December 2015.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2015 | Rights issue | ₹86.17 Cr | Investors: 2 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Apr 2009 | Secondary share transfer | Undisclosed | Seller: Goldsmith Sales & Services Pvt Ltd , Quick Up Trading Pvt Ltd |
| Mar 2007 | Funding round | ₹2.99 Cr | Investors: 2 individuals |
To see the full deal history of Parinee Realty 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
Parinee Realty Private Limited has 139 court cases on record: 59 filed by Parinee Realty, 80 filed against it. 41 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 103 | 51 | 26 |
| District courts | 30 | 28 | 13 |
| Supreme Court | 3 | 1 | 0 |
| NCLAT | 3 | 0 | 2 |
Cases on record (5 of 139)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by J C Flowers Asset Reconstruction Private Limited | Pending |
| Bombay High Court | Court case (COMEX) | Filed against the company by Shree Ram Vessel Scrap Pvt Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Shree Ram Vessel Scrap Pvt. Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Ramaranjan Developers Private Limited | Pending |
| Bombay High Court | Appeal | Filed by the company against KP Lifestyle Private Limited Director Mr. Ketan Prafulchandra Parekh and 1 other | Pending |
To see the full case history of Parinee Realty 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 Parinee Realty Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Parinee Realty has 11 subsidiary companies and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Greenbird Constructions Private Limited | U45200MH1990PTC057172 | |
| Parinee Developers & Projects Private Limited | U45200MH2004PTC146455 | |
| Shree Riddhisiddhi Civicon Builders Private Limited | U45200MH2006PTC160176 | |
| Sambhavsole Enterprise Private Limited | U45200MH2008PTC186191 | |
| Rushmina Enterprise Private Limited | U45200MH2011PTC222182 | |
| P D Construction Private Limited | U45201MH2007PTC171650 |
To see the full group structure of Parinee Realty Private Limited, buy the company report.
Employees & EPFO
Parinee Realty Private Limited has a workforce of 20 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Parinee Realty has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG5484E1ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parinee Realty Private Limited, buy the company report.
Recent activity
Parinee Realty Private Limited has 5 board changes on record since 1998: 2 appointments and 3 cessations. The latest: Benny Varghese ceased to be Director on 01 Nov 2018.
92 earlier events are in the company report.
Frequently asked questions
Parinee Realty 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 05 March 1998 (28+ years old) and is registered under CIN U45200MH1998PTC113833.
Parinee Realty has 2 current directors:
- Dhaval Dilipbhai Shah - Director
- Vipul Dilip Shah - Director
The latest financial statements of Parinee Realty on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 21 March 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Parinee Realty is 27AABCG5484E1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Parinee Realty is U45200MH1998PTC113833. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parinee Realty has 139 court cases on record: 59 filed by the company and 80 filed against it. 41 are pending. Most are in the high courts.
Parinee Realty was incorporated on 05 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Parinee Realty has 8 deals on record (4 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹9.64 Cr; the latest was in December 2015.
The peers of Parinee Realty by revenue are B.L. Gupta Construction Private Limited, Logix Buildtech Private Limited, Sri Elite Plus Construction Private Limited, Muppa Projects India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Benny Varghese ceased to be Director on 01 Nov 2018. Mashkoor Ahmad ceased to be Director on 01 Nov 2018. Amit Jain ceased to be Nominee Director on 16 Jan 2017. Parinee Realty has 5 board changes on record in total.
Parinee Realty can be reached through the website parinee.com. Its registered office is in Mumbai, Maharashtra, India.