India's Richest People 2026 edition · 1 director · Source: Hurun India
- #97 Atul Ruia ₹33,400 Cr
Revenue · FY 2023
₹15,270
▲ 205% YoY
Net loss · FY 2023
₹27,080
Net margin -177.3%
EBITDA · FY 2023
-₹42,350
EBITDA margin -277.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
20 yrs
Est. 2006
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Pinnacle Real Estate Development Private Limited
Data last updated:
Pinnacle Real Estate Development Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of The Phoenix Mills Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 April 2006 and has been in existence for over 20 years.
Its director Atul Ruia is #97 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2006PTC161072. Its GSTIN is 27AADCP8749F1Z2 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Atul Ashokkumar Ruia and Mahesh Ramdas Iyer.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Phoenix Mills Premises 462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹15,270, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹27,080 (net margin -177.3%) and EBITDA of -₹42,350 (EBITDA margin -277.3%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 5% over five years.
The company has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in July 2015. Its 6 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, 3 larger and 3 smaller; the largest is Veenavani Apartment Private Limited with revenue of ₹5,001.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thephoenixmills-ar2017.com.
Company details
CIN U70100MH2006PTC161072
Registration Number 161072
Incorporation Date 10 April 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Parent Company The Phoenix Mills Limited
Compliance Status Active Compliant
Key People
Atul Ashokkumar Ruia Director Mahesh Ramdas Iyer Director Vidyasagar Venkat Ratnam Pingali Director Recognitions & Rankings of Pinnacle Real Estate Development
Contact details
Pinnacle Real Estate Development Private Limited's registered office is in Mumbai, Maharashtra. Its website is thephoenixmills-ar2017.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPhoenix Mills Premises 462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pinnacle Real Estate Development Private Limited, buy the company report.
Comprehensive company report
Pinnacle Real Estate Development 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 Pinnacle Real Estate Development Private Limited
FY 2025 filings availablePinnacle Real Estate Development Private Limited reported revenue of ₹15,270 (up 205% YoY) for FY 2023.
Revenue · FY 2023
₹15,270 ▲ 205%
Net loss · FY 2023
₹27,080 margin -177.3%
EBITDA · FY 2023
-₹42,350 margin -277.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 205%
3 years · compounded
▼ 9%
5 years · compounded
▼ 5%
Revenue rose 205% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹15,270 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹42,350 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27,080 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -277.3% | ||||
| Net Profit Margin | -177.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Pinnacle Real Estate Development Private Limited, buy the company report.
Board of directors of Pinnacle Real Estate Development Private Limited
Pinnacle Real Estate Development has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Ashokkumar Ruia Also directs: The Phoenix Mills Limited, Padmashil Hospitality and Leisure Private Limited, Ashok Atul Private Limited and 5 more | Director | 10 Apr 2006 | 20 Years 6 Months | Current |
| Mahesh Ramdas Iyer | Director | 15 Jul 2024 | 2 Years 3 Months | Current |
| Vidyasagar Venkat Ratnam Pingali | Director | 08 Nov 2016 | 9 Years 11 Months | Current |
Peer comparison
Pinnacle Real Estate Development Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Pinnacle Real Estate Development Private Limitedthis company | ₹15,270 (FY 2023) | -₹27,080 | -177.3% | 205.0% | Mumbai, Maharashtra, India | |
| Veenavani Apartment Private Limited | ₹5,001 (FY 2021) | Kolkata, West Bengal, India | ||||
| Gagan I-Land Township Private Limited | ₹5,000 (FY 2020) | -86.0% | Pune, Maharashtra, India | |||
| Vijesh Infra Private Limited | ₹5,000 (FY 2024) | Mumbai, Maharashtra, India | ||||
| Meriton Infradevelopers Private Limited | ₹5,000 (FY 2025) | New Delhi, Delhi, India | ||||
| JLG Developers Limited. | ₹5,000 (FY 2025) | -94.0% | New Delhi, Delhi, India | |||
| Bright Promoters Private Limited | ₹5,000 (FY 2025) | New Delhi, Delhi, India |
To see the full peer comparison of Pinnacle Real Estate Development Private Limited, buy the company report.
Auditor
Pinnacle Real Estate Development Private Limited is audited by DTS & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DTS & Associates LLP | FY 2023 | 142412W/W100595 |
Shareholding
The shareholding of Pinnacle Real Estate Development 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 Pinnacle Real Estate Development Private Limited, buy the company report.
Deals & funding
Pinnacle Real Estate Development Private Limited has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in July 2015.
Total deals
4
Secondary share transfers
2
Acquisitions
2
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Acquisition | ₹89 Cr | Buyer: Essel Finance |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: HBS Realtors Private Limited |
| Sep 2008 | Acquisition | Undisclosed | Buyer: The Phoenix Mills Limited Seller: Ashok Ruia Enterprises Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Ashok Ruia Enterprises Private Limited Seller: Ashok Ruia Enterprises Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Pinnacle Real Estate Development Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pinnacle Real Estate Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pinnacle Real Estate Development has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8749F1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pinnacle Real Estate Development Private Limited, buy the company report.
Recent activity
Pinnacle Real Estate Development Private Limited has 12 board changes on record since 2006: 3 appointments and 9 cessations. The latest: Mahesh Ramdas Iyer ceased to be Additional Director on 10 Sep 2024.
AGM
Pinnacle Real Estate Development Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Filing
Pinnacle Real Estate Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Mahesh Ramdas Iyer ceased to be Additional Director.
Appointed
Mahesh Ramdas Iyer was appointed as Director.
Ceased
Siddhesh Pradeep Pradhan ceased to be Additional Director.
Ceased
Kumar Diwesh ceased to be Director.
Ceased
Vidyasagar Venkat Ratnam Pingali ceased to be Additional Director.
Appointed
Vidyasagar Venkat Ratnam Pingali was appointed as Director.
Ceased
Vinay Krishnarao Goggi ceased to be Additional Director.
Ceased
Suyash Bhise Neelkanth ceased to be Director.
Ceased
Haresh Zilu Morajkar ceased to be Director.
Ceased
Shishir Ashok Shrivastava ceased to be Director.
3 earlier events are in the company report.
Frequently asked questions
Pinnacle Real Estate Development 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 10 April 2006 (20+ years old) and is registered under CIN U70100MH2006PTC161072.
Pinnacle Real Estate Development has 3 current directors:
- Atul Ashokkumar Ruia - Director
- Mahesh Ramdas Iyer - Director
- Vidyasagar Venkat Ratnam Pingali - Director
The latest financial statements of Pinnacle Real Estate Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pinnacle Real Estate Development is 27AADCP8749F1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pinnacle Real Estate Development is U70100MH2006PTC161072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pinnacle Real Estate Development was incorporated on 10 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Pinnacle Real Estate Development has 4 deals on record (2 secondary share transfers, 2 acquisitions); the latest was in July 2015.
The peers of Pinnacle Real Estate Development by revenue are Veenavani Apartment Private Limited, Gagan I-Land Township Private Limited, Vijesh Infra Private Limited, Meriton Infradevelopers Private Limited, JLG Developers Limited. and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Mahesh Ramdas Iyer ceased to be Additional Director on 10 Sep 2024. Mahesh Ramdas Iyer was appointed as Director on 15 Jul 2024. Siddhesh Pradeep Pradhan ceased to be Additional Director on 11 Jul 2024. Pinnacle Real Estate Development has 12 board changes on record in total.
Pinnacle Real Estate Development can be reached through the website thephoenixmills-ar2017.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Pinnacle Real Estate Development is at Phoenix Mills Premises 462 Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.