Payal Properties Private Limited
About Payal Properties Private Limited
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Payal Properties Private Limited is a private limited company based in Vapi, Gujarat, India, a subsidiary of Arete Services Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 September 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1991PTC016318. Its GSTIN is 24AACCP0053H1ZW (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Mohammedzahid Abrarahmed Pathan and Nidhi Sanjay Bengali.
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 Comm. Plot No. C7/67/P N. H. No 8 Galaxy Campus GIDC, Vapi, Gujarat, India – 396195.
As per the financials filed for FY 2025, the company reported a revenue of ₹407.84 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹173.41 Cr (net margin 42.5%) and EBITDA of ₹239.55 Cr (EBITDA margin 58.7%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 78% over five years.
The company has about 57 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.
The company is associated with 1 brand: Payal Industrial Park. As per MCA filings, the company has open charges of ₹32.91 Cr and satisfied charges of ₹40.44 Cr on record. Court records list 22 cases involving the company, including 17 filed by the company and 5 filed against it; 5 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2016. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Ds-Max Properties Private Limited with revenue of ₹417.92 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2022, listing 59 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Payal Properties Private Limited's registered office is in Vapi, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressComm. Plot No. C7/67/P N. H. No 8 Galaxy Campus GIDC, Vapi, Gujarat, India – 396195
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Payal Properties 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
Payal Properties operates one associated brand: Payal Industrial Park. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides plug-and-play industrial land and utilities for chemical businesses in India. | payalindustrialpark.com |
Business activity
The main business activity of Payal Properties 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 Payal Properties Private Limited, buy the company report.
Financials of Payal Properties Private Limited
FY 2024 filings availablePayal Properties Private Limited reported revenue of ₹407.84 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 78%. EBITDA fell 27% 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 | ₹239.55 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹173.41 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 | 58.7% | ||||
| Net Profit Margin | 42.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Payal Properties Private Limited, buy the company report.
Board of directors of Payal Properties Private Limited
Payal Properties has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Payal Properties 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 (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 |
|---|---|---|---|---|---|---|
| Ds-Max Properties Private Limited | ₹417.92 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India | |||
| Payal Properties Private Limitedthis company | ₹407.84 Cr (FY 2025) | ₹173.41 Cr | 42.5% | -19.0% | 57 | Vapi, Gujarat, India |
| Courtyard Real Estate Private Limited | ₹407.73 Cr (FY 2025) | 239.0% | Mumbai, Maharashtra, India | |||
| Rga Software Systems Private Limited | ₹407.41 Cr (FY 2024) | -5.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Payal Properties Private Limited, buy the company report.
Auditor
Payal Properties Private Limited is audited by GAJJAR & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GAJJAR & CO | FY 2024 | 118687W |
Shareholding
The shareholding of Payal Properties Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payal Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2025 | 101180719 | Hdfc Bank Limited | ₹1.35 Cr | Open | |
| 03 Nov 2025 | 101180690 | Hdfc Bank Limited | ₹13 Lakh | Open | |
| 02 Jul 2025 | 101116274 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 13 Jun 2025 | 101106787 | Hdfc Bank Limited | ₹17 Lakh | Open | |
| 27 May 2025 | 101100228 | Hdfc Bank Limited | ₹28.59 Lakh | Open |
To see the full charge records of Payal Properties Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
Payal Properties Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Highway Services Private Limited Seller: Arete Services Private Limited & Mrugesh Dhimantrai Oza, Arete Services Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Payal Properties Private Limited has 22 court cases on record: 17 filed by Payal Properties, 5 filed against it. 5 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 1 | 2 |
| District courts | 10 | 4 | 3 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Appeal | Filed by the company against Aarti Drugs Ltd., Mumbai and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Aarti Drugs Ltd. and 2 others | Disposed |
| Bombay High Court | Court case (AO) | Filed by the company against I.B. Commercial Pvt. Ltd. and Ors and 1 other | Disposed |
| Bombay High Court | Court case (CAA) | Filed by the company against I.B. Commercial Pvt. Ltd. and Ors and 1 other | Disposed |
| High Court, GUJARAT | Court case (AO) | Filed against the company by Rohit Pulp & Paper Mills Ltd. | Disposed |
To see the full case history of Payal Properties 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
Payal Properties Private Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 59 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Konart Steel Buildings Private Limited | |||
| Aqua-Air Environmental Engineers Private Limited | |||
| an individual supplier | |||
| Shikhar Construction |
To see the full MSME payment records of Payal Properties Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Payal Properties has 12 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| M Graph Industries Private Limited | U36900GJ2007PTC083489 | |
| Narmada Industrial Park Private Limited | U45201GJ2012PTC068504 | |
| Jambusar Industrial Park Private Limited | U45201GJ2012PTC068512 | |
| Ambience Industrial Park Private Limited | U45201GJ2012PTC068513 | |
| Adharbhut Industrial Park Private Limited | U45201GJ2012PTC068531 | |
| Ample Industrial Park Private Limited | U45201GJ2012PTC068564 |
To see the full group structure of Payal Properties Private Limited, buy the company report.
Employees & EPFO
Payal Properties Private Limited has a workforce of 57 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Payal Properties has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCP0053H1ZW | Gujarat | Active | 01 Jul 2017 |
| 24AACCP0053H2ZV | Gujarat | Active | 14 Mar 2021 |
| 24AACCP0053H3ZU | Gujarat | Active | 22 Mar 2025 |
To see the full GST registrations and return filing status of Payal Properties Private Limited, buy the company report.
Recent activity
Payal Properties Private Limited has 8 board changes on record since 2005: 5 appointments and 3 cessations. The latest: Chirag Rana was appointed as Director on 22 Apr 2025.
29 earlier events are in the company report.
Frequently asked questions
Payal Properties is an active private limited company based in Vapi, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 September 1991 (35+ years old) and is registered under CIN U45201GJ1991PTC016318.
Payal Properties has 5 current directors:
- Mohammedzahid Abrarahmed Pathan - Director
- Nidhi Sanjay Bengali - Director
- Mrugesh Dhimantrai Oza - Director
- Maulesh Jayendrabhai Shah - Director
- Chirag Rana - Director
The latest financial statements of Payal Properties 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 Payal Properties is 24AACCP0053H1ZW, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AACCP0053H2ZV (Gujarat), 24AACCP0053H3ZU (Gujarat).
The CIN (Corporate Identification Number) of Payal Properties is U45201GJ1991PTC016318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payal Properties has 22 court cases on record: 17 filed by the company and 5 filed against it. 5 are pending. Most are in the high courts.
Payal Properties was incorporated on 25 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Payal Properties has 1 deal on record (1 secondary share transfer); the latest was in March 2016.
The peers of Payal Properties by revenue are Ds-Max Properties Private Limited, Courtyard Real Estate Private Limited, Rga Software Systems Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Chirag Rana was appointed as Director on 22 Apr 2025. Maulesh Jayendrabhai Shah was appointed as Director on 15 Apr 2025. Nidhi Sanjay Bengali was appointed as Director on 15 Apr 2025. Payal Properties has 8 board changes on record in total.
Payal Properties has 4 MSME Form 1 returns on record between 2019 and 2022, listing 59 overdue payments to 8 micro and small suppliers. The latest return was filed on 24 Sep 2023.
The registered office of Payal Properties is at Comm. Plot No. C767P N. H. No 8 Galaxy Campus GIDC, Vapi, Gujarat, India – 396195.