About PRL Developers Private Limited
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PRL Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Prpl Enterprises Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 21 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2011PTC216545. Its GSTIN is 27AAFCP9978E1ZT (Maharashtra).
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹429.77 Cr. It is led by directors including Anand Ajay Piramal and Sunilkumar Jagdishprasad Adukia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Piramal Tower 8th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,530.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹466.37 Cr (net margin 10.3%) and EBITDA of ₹549.32 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 221% over three years and 29% over five years.
The company has about 134 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 2 brands: Piramal Group and Piramal Realty. As per MCA filings, the company has open charges of ₹1,645 Cr and satisfied charges of ₹3,665 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,914.77 Cr; the latest was in January 2016. The company has 8 MSME Form 1 returns on record between 2022 and 2023, listing 254 overdue payments to 33 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piramalrealty.com.
Company details
Contact details
PRL Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is piramalrealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPiramal Tower 8th Floor Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of PRL 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
Brands
PRL Developers operates two associated brands: Piramal Group and Piramal Realty. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | piramal.com | |
| Development services for residential, commercial, and mixed-use projects are provided. | piramalrealty.com |
Business activity
The main business activity of PRL Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of PRL Developers Private Limited, buy the company report.
Financials of PRL Developers Private Limited
FY 2025 filings availablePRL Developers Private Limited reported revenue of ₹4,530.84 Cr (up 263% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 263% growth in the latest year. EBITDA rose 505% 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 | ₹549.32 Cr | ||||
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| Net Profit (PAT) | ₹466.37 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 | 12.1% | ||||
| Net Profit Margin | 10.3% | ||||
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To see the full financial statements and ratios of PRL Developers Private Limited, buy the company report.
Board of directors of PRL Developers Private Limited
PRL Developers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Ajay Piramal Also directs: V3 Designs LLP, Piramal Corporate Services Private Limited, Piramal Finance Limited and 5 more | Director | 12 May 2017 | 9 Years 5 Months | Current |
| Sunilkumar Jagdishprasad Adukia | Director | 08 Jun 2015 | 11 Years 5 Months | Current |
| Girish Goenka Balkrishan Also directs: World Educares LLP, Assignment Cares LLP | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
Auditor
PRL Developers Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of PRL 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of PRL Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2024 | 100972550 | Tata Capital Housing Finance Limited | ₹475 Cr | Open | |
| 23 Dec 2021 | 100513519 | Idbi Trusteeship Services Limited | ₹1,170 Cr | Open | |
| 26 Oct 2023 | 100815233 | Others | ₹375 Cr | Satisfied | |
| 19 Oct 2022 | 100667894 | Others | ₹70 Cr | Satisfied | |
| 27 Oct 2021 | 100496902 | Idbi Trusteeship Services Limited | ₹1,850 Cr | Satisfied |
To see the full charge records of PRL Developers Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
PRL Developers Private Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,914.77 Cr; the latest was in January 2016.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Funding round | ₹385 Cr | Investors: PRPL Enterprises Private Limited , Prpl Enterprises Private Limited & Ajay G Piramal |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: PRPL Enterprises Private Limited Seller: Piramal Real Estates Private Limited , Thoughtful Realtors Private Limited , Pce Developers Private Limited |
| Jan 2015 | Secondary share transfer | Undisclosed | Buyer: Thoughtful Realtors Private Limited , Pce Developers Private Limited Seller: Semplice Corporate Solutions Private Limited |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: Thoughtful Realtors Private Limited , Semplice Corporate Solutions Private Limited , Piramal Real Estates Private Limited Seller: Thaler Developers Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Thaler Developers Private Limited , Piramal Real Estates Private Limited , Semplice Corporate Solutions Private Limited Seller: PRPL Enterprises Private Limited , an individual |
To see the full deal history of PRL Developers 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
PRL Developers Private Limited has 4 court cases on record: 1 filed by PRL Developers, 3 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (CARAP) | Filed against the company by Guerrilla Infra Solutions Pvt. Ltd. | Disposed |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 8 Mumbai | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 7( and 5 others | Disposed |
To see the full case history of PRL 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.
Credit ratings & regulatory alerts
PRL Developers Private Limited was last rated by Icra on 27 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Apr 2021 |
To see the full credit ratings and regulatory alerts of PRL Developers Private Limited, buy the company report.
MSME payment delays
PRL Developers Private Limited has 8 MSME Form 1 returns on record between 2022 and 2023, listing 254 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Travelstack Tech Limited | |||
| Argos Arkaya Power Solutions LLP | |||
| an individual supplier | |||
| Vrajman Consultants LLP | |||
| an individual supplier |
To see the full MSME payment records of PRL Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
PRL Developers has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Piramal Estates Private Limited | U17100MH1999PTC122652 | |
| PRL Infraconstructions & Developers Private Limited | U45400MH2011PTC216741 | |
| Pce Developers Private Limited | U70100MH2011PTC219158 | |
| Glider Buildcon Realtors Private Limited | U70200MH2015PTC265844 |
To see the full group structure of PRL Developers Private Limited, buy the company report.
Employees & EPFO
PRL Developers Private Limited has a workforce of 134 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 134 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of PRL Developers Private Limited, buy the company report.
GST
PRL Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP9978E1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of PRL Developers Private Limited, buy the company report.
Recent activity
PRL Developers Private Limited has 18 board changes on record since 2013: 4 appointments and 14 cessations. The latest: Anish Kumar Saraf ceased to be Nominee Director on 19 May 2025.
31 earlier events are in the company report.
News
Frequently asked questions
PRL 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 21 April 2011 (15+ years old) and is registered under CIN U45400MH2011PTC216545.
PRL Developers has 3 current directors:
- Anand Ajay Piramal - Director
- Sunilkumar Jagdishprasad Adukia - Director
- Girish Goenka Balkrishan - Director
The latest financial statements of PRL Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of PRL Developers is 27AAFCP9978E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of PRL Developers is U45400MH2011PTC216545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PRL Developers has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
PRL Developers was incorporated on 21 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
PRL Developers has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹1,914.77 Cr; the latest was in January 2016.
Anish Kumar Saraf ceased to be Nominee Director on 19 May 2025. Som Krishna ceased to be Nominee Director on 28 Mar 2025. Girish Goenka Balkrishan was appointed as Director on 01 Apr 2023. PRL Developers has 18 board changes on record in total.
PRL Developers has 8 MSME Form 1 returns on record between 2022 and 2023, listing 254 overdue payments to 33 micro and small suppliers. The latest return was filed on 26 Dec 2023.
PRL Developers can be reached through the website piramalrealty.com. Its registered office is in Mumbai, Maharashtra, India.
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