Pioneer India Developers Private Limited
About Pioneer India Developers Private Limited
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Pioneer India 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 10 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1999PTC121729. Its GSTIN is 27AACCP0674N1Z2 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3 Lakh. It is led by directors including Abdulkhalique Abdulkarim Barudgar and Rafique Maqbool Qureshi.
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 25 Dheeraj Heritage S. V. Road Santacruz West, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.88 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Cr (net margin 6.8%) and EBITDA of ₹1.8 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 39% over five years.
As per MCA filings, the company has open charges of ₹7.5 Cr on record. Court records list 86 cases involving the company, including 7 filed by the company and 79 filed against it; 19 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Pioneer India Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address25 Dheeraj Heritage S. V. Road Santacruz West, Mumbai, Maharashtra, India – 400054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pioneer India 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 Pioneer India 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 |
To see the full business activity and turnover split of Pioneer India Developers Private Limited, buy the company report.
Financials of Pioneer India Developers Private Limited
FY 2024 filings availablePioneer India Developers Private Limited reported revenue of ₹16.88 Cr (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 56% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 13% 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 |
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| EBITDA | ₹1.8 Cr | ||||
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| Net Profit (PAT) | ₹1.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 6.8% | ||||
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To see the full financial statements and ratios of Pioneer India Developers Private Limited, buy the company report.
Board of directors of Pioneer India Developers Private Limited
Pioneer India Developers has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abdulkhalique Abdulkarim Barudgar Also directs: Heritage Housing Development (India ) Private Limited | Director | 10 Sep 1999 | 27 Years 1 Months | Current |
| Irshad Rafique Qureshi | Additional Director | 18 Nov 2020 | 5 Years 11 Months | Current |
| Rafique Maqbool Qureshi Also directs: Heritage Housing Development (India ) Private Limited | Director | 10 Sep 1999 | 27 Years 1 Months | Current |
| Abdulwahid Abdul Khalique Barudgar | Director | 22 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Pioneer India Developers Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Abhiyaan Infra Projects Private Limited | ₹16.89 Cr (FY 2024) | -54.0% | Noida, Uttar Pradesh, India | |||
| Prieska Real Estates Pvt Ltd | ₹16.89 Cr (FY 2024) | -49.0% | Mumbai, Maharashtra, India | |||
| Pioneer India Developers Private Limitedthis company | ₹16.88 Cr (FY 2024) | ₹1.16 Cr | 6.8% | -56.0% | Mumbai, Maharashtra, India | |
| M V Projects (India) Private Limited | ₹16.88 Cr (FY 2016) | 53.0% | Bangalore, Karnataka, India | |||
| Call Express Construction (India) Private Limited. | ₹16.88 Cr (FY 2018) | -15.0% | Chennai, Tamil Nadu, India | |||
| HL Builders Private Limited | ₹16.86 Cr (FY 2024) | 39.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Pioneer India Developers Private Limited, buy the company report.
Auditor
Pioneer India Developers Private Limited is audited by SURESH UDHAWDAS RADHAKRISHNANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH UDHAWDAS RADHAKRISHNANI | FY 2023 | 031760 |
Shareholding
The shareholding of Pioneer India 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) | |||||
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| Others |
To see the full shareholding pattern of Pioneer India Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2016 | 100072057 | Others | ₹7.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Pioneer India Developers Private Limited has 86 court cases on record: 7 filed by Pioneer India Developers, 79 filed against it. 19 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 58 | 14 |
| District courts | 19 | 19 | 4 |
| Supreme Court | 4 | 2 | 1 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Pioneer Residency - II (Horizon) Cooperative Housing Society | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (S) | Filed against the company by Pioneer Residency - II (Horizon) Cooperative Housing Society | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by individuals | Pending |
To see the full case history of Pioneer India 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 Pioneer India Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pioneer India Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCP0674N1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pioneer India Developers Private Limited, buy the company report.
Recent activity
Pioneer India Developers Private Limited has 5 board changes on record since 1999: 4 appointments and 1 cessation. The latest: Irshad Rafique Qureshi was appointed as Additional Director on 18 Nov 2020.
Frequently asked questions
Pioneer India 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 10 September 1999 (27+ years old) and is registered under CIN U45200MH1999PTC121729.
Pioneer India Developers has 4 current directors:
- Abdulkhalique Abdulkarim Barudgar - Director
- Irshad Rafique Qureshi - Additional Director
- Rafique Maqbool Qureshi - Director
- Abdulwahid Abdul Khalique Barudgar - Director
The latest financial statements of Pioneer India 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 Pioneer India Developers is 27AACCP0674N1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Pioneer India Developers is U45200MH1999PTC121729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer India Developers has 86 court cases on record: 7 filed by the company and 79 filed against it. 19 are pending. Most are in the high courts.
Pioneer India Developers was incorporated on 10 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Pioneer India Developers by revenue are Abhiyaan Infra Projects Private Limited, Prieska Real Estates Pvt Ltd, M V Projects (India) Private Limited, Call Express Construction (India) Private Limited, HL Builders Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Irshad Rafique Qureshi was appointed as Additional Director on 18 Nov 2020. Abdulwahid Abdul Khalique Barudgar was appointed as Director on 22 Jun 2019. Saleh Najmuddin Mithiborwala ceased to be Director on 16 Jun 2014. Pioneer India Developers has 5 board changes on record in total.
The registered office of Pioneer India Developers is at 25 Dheeraj Heritage S. V. Road Santacruz West, Mumbai, Maharashtra, India – 400054.
Pioneer India Developers operates in the real estate and construction industry, in the real estate builders and developers segment.