Prime Properties Pvt Ltd
About Prime Properties Pvt Ltd
Data last updated:
Prime Properties Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Marck Stationery Manufacturing Llp. It operates in the real estate financing segment of the financial services sector. It was incorporated on 05 February 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1986PTC038862.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹40.13 Lakh. It is led by directors Hemant Bansilal Dave and Mukesh Jangir.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 101 Kalpataru Synergy Opp. Grand Hyatt Santacruz (East), Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.97 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹92.15 Lakh (net margin 46.8%) and EBITDA of ₹1.45 Cr (EBITDA margin 73.3%). Revenue has declined at a compounded annual rate (CAGR) of 66% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹1,971.9 Cr and satisfied charges of ₹1,019.71 Cr on record. Court records list 44 cases involving the company, including 33 filed by the company and 11 filed against it; 9 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prime Properties Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 Kalpataru Synergy Opp. Grand Hyatt Santacruz (East), Mumbai, Maharashtra, India – 400055
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Prime Properties Pvt Ltd, 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 Prime Properties is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Prime Properties Pvt Ltd, buy the company report.
Financials of Prime Properties Pvt Ltd
FY 2024 filings availablePrime Properties Pvt Ltd reported revenue of ₹1.97 Cr (down 71% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 71% fall in the latest year. EBITDA fell 74% 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 | ₹1.45 Cr | ||||
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| Net Profit (PAT) | ₹92.15 Lakh | ||||
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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 | 73.3% | ||||
| Net Profit Margin | 46.8% | ||||
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To see the full financial statements and ratios of Prime Properties Pvt Ltd, buy the company report.
Board of directors of Prime Properties Pvt Ltd
Prime Properties has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemant Bansilal Dave Also directs: Klassik Vinyl Products LLP, Kanani Agro Farms Private Limited, Kanani Orchards Private Limited and 5 more | Director | 02 Feb 2022 | 4 Years 9 Months | Current |
| Mukesh Jangir Also directs: Agile Real Estate Dev Private Limited, Appropriate Enviro Farms Private Limited, Appropriate Orchards Private Limited and 5 more | Additional Director | 04 Apr 2025 | 1 Years 7 Months | Current |
Auditor
Prime Properties Pvt Ltd is audited by SINGHI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO | FY 2019 | 302049E |
Shareholding
The shareholding of Prime Properties Pvt Ltd 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 Prime Properties Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2022 | 100616925 | Others | ₹1,950 Cr | Open | |
| 03 Feb 2014 | 10480662 | Housing Development Finance Corporation Limited | ₹14.9 Cr | Open | |
| 01 Oct 1993 | 80050630 | Masharq Bank | ₹6.5 Cr | Open | |
| 01 Oct 1993 | 90216191 | Mashrq Bank | ₹50 Lakh | Open | |
| 25 Sep 2020 | 100380786 | Tata Capital Financial Services Limited | ₹85 Cr | Satisfied |
To see the full charge records of Prime Properties Pvt Ltd, buy the company report.
Total charge records: 15 View all charges
Legal cases
Prime Properties Pvt Ltd has 44 court cases on record: 33 filed by Prime Properties, 11 filed against it. 9 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 9 | 6 |
| Supreme Court | 6 | 2 | 3 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (M.Profit R) | Filed by the company against Ms Tata Services Limited and 2 others | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAER) | Filed by the company against Messer Apollo Tyres Limited and 2 others | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (M.Nt. NRA) | Filed by the company against Mssimplex Mills Co.Ltd. | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAN) | Filed against the company by Jaico Book House Pvt Ltd | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed against the company by Jaico Book House Pvt Ltd | Disposed |
To see the full case history of Prime Properties Pvt Ltd, 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 Prime Properties Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prime Properties Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prime Properties Pvt Ltd has 10 board changes on record since 2015: 2 appointments and 8 cessations. The latest: Mukesh Jangir was appointed as Additional Director on 04 Apr 2025.
33 earlier events are in the company report.
Frequently asked questions
Prime Properties is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 05 February 1986 (40+ years old) and is registered under CIN U45200MH1986PTC038862.
Prime Properties has 2 current directors:
- Hemant Bansilal Dave - Director
- Mukesh Jangir - Additional Director
The latest financial statements of Prime Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Prime Properties is U45200MH1986PTC038862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Properties has 44 court cases on record: 33 filed by the company and 11 filed against it. 9 are pending. Most are in the district courts.
Prime Properties was incorporated on 05 February 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Mukesh Jangir was appointed as Additional Director on 04 Apr 2025. Hemant Bansilal Dave ceased to be Additional Director on 30 Sep 2022. Anuj Amar Munot ceased to be Director on 02 Feb 2022. Prime Properties has 10 board changes on record in total.
The registered office of Prime Properties is at 101 Kalpataru Synergy Opp. Grand Hyatt Santacruz East, Mumbai, Maharashtra, India – 400055.
Prime Properties operates in the financial services industry, in the real estate financing segment.
Prime Properties has open charges of ₹1,971.9 Cr and satisfied charges of ₹1,019.71 Cr as per latest MCA filings.
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