About R Mall Developers Private Limited
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R Mall Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the mall and retail management segment of the business services sector. It was incorporated on 24 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PTC163273. Its GSTIN is 27AADCR3444F1ZI (Maharashtra).
The company has an authorised share capital of ₹14.5 Cr and a paid-up capital of ₹4.1 Cr. It is led by directors including Ashish Subashchandra Bhandari and Yogesh Genmal Bafna.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹291.1 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹71.5 Cr (net margin 24.6%) and EBITDA of ₹207 Cr (EBITDA margin 71.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 8% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Runwal and R Mall. As per MCA filings, the company has open charges of ₹1,755 Cr and satisfied charges of ₹1,290 Cr on record. Court records list 70 cases involving the company, including 37 filed by the company and 33 filed against it; 18 cases are pending. The company has 10 deals on record (4 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹334.82 Cr; the latest was in July 2021. Its 9 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 5 smaller; the largest is Ambience Developers & Infrastructure Private Limited. with revenue of ₹342.56 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 403 overdue payments to 62 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 rmall.co.in.
Company details
Contact details
R Mall Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is rmall.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressR City Mall 3rd Floor Mall Management Office 146 Cts No. 166/1 To 23 Of Village Ghatkoper, Lbs Marg, Mumbai, Maharashtra, India – 400086
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of R Mall 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
R Mall Developers operates two associated brands: Runwal and R Mall. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial, residential, and real estate properties are developed in India. | runwal.com | |
| Retail shopping, dining, and entertainment services in Thane, Maharashtra. | rmall.co.in |
Business activity
The main business activity of R Mall Developers 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 R Mall Developers Private Limited, buy the company report.
Financials of R Mall Developers Private Limited
FY 2025 filings availableR Mall Developers Private Limited reported revenue of ₹291.1 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 12% growth in the latest year. EBITDA rose 20% 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 | ₹207 Cr | ||||
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| Net Profit (PAT) | ₹71.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 71.1% | ||||
| Net Profit Margin | 24.6% | ||||
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To see the full financial statements and ratios of R Mall Developers Private Limited, buy the company report.
Board of directors of R Mall Developers Private Limited
R Mall Developers has 4 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Subashchandra Bhandari Also directs: Avagraha Retail Ventures Private Limited, Runwal Hotels Private Limited, Ariane Orgachem Private Limited and 1 more | Director | 30 Nov 2021 | 4 Years 10 Months | Current |
| Yogesh Genmal Bafna | Director | 29 Jul 2025 | 1 Years 2 Months | Current |
| Anuradha Singh Also directs: Avagraha Retail Ventures Private Limited | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
| Rupal Anand Vora Also directs: Sanathan Textiles Limited, Aarti Pharmalabs Limited, Geecee Ventures Limited and 5 more | Director | 26 Sep 2025 | 1 Years 0 Months | Current |
Peer comparison
R Mall Developers Private Limited is compared with the 9 companies closest to it by revenue in the Business Services industry (Mall Management), 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 |
|---|---|---|---|---|---|---|
| Ambience Developers & Infrastructure Private Limited. | ₹342.56 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Vamona Developers Private Limited | ₹330.76 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Trion Properties Private Limited | ₹325.41 Cr (FY 2025) | 26.0% | Mumbai, Maharashtra, India | |||
| Express Infrastructure Private Limited | ₹314.29 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India | |||
| R Mall Developers Private Limitedthis company | ₹291.1 Cr (FY 2025) | ₹71.5 Cr | 24.6% | 12.0% | 72 | Mumbai, Maharashtra, India |
| Salsette Developers Private Limited | ₹278.39 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Sparkle One Mall Developers Private Limited | ₹266.18 Cr (FY 2025) | 194.0% | Mahalaxmi, Mumbai, Maharashtra, India | |||
| Abhishek Propbuild Private Limited | ₹265.95 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Century 21 Town Planners Private Limited | ₹258.85 Cr (FY 2025) | 276.0% | Indore, Madhya Pradesh, India | |||
| Nexus Hyderabad Retail Private Limited | ₹256.59 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India |
To see the full peer comparison of R Mall Developers Private Limited, buy the company report.
Auditor
R Mall Developers Private Limited is audited by M.B Agrawal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.B Agrawal & Co. | FY 2023 | 100137W |
Shareholding
The shareholding of R Mall 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 R Mall Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2024 | 101010546 | Others | ₹525 Cr | Open | |
| 27 Oct 2023 | 100806131 | Others | ₹430 Cr | Open | |
| 31 Mar 2023 | 100707616 | Others | ₹800 Cr | Open | |
| 06 Dec 2021 | 100513224 | Others | ₹100 Cr | Satisfied | |
| 26 Mar 2015 | 10562448 | Bank of Baroda | ₹600 Cr | Satisfied |
To see the full charge records of R Mall Developers Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
R Mall Developers Private Limited has 10 deals on record (4 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹334.82 Cr; the latest was in July 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Debt financing | ₹20 Cr | Investors: Runwal Developers Limited , GIC Singapore |
| Mar 2010 | Debt financing | ₹11.01 Cr | Investors: Runwal Developers Limited |
| Mar 2009 | Debt financing | ₹57.86 Cr | Investors: Runwal Developers Limited |
| Feb 2009 | Funding round | ₹16.5 Cr | Investors: GIC Singapore, Runwal Developers Limited |
| Feb 2007 | Funding round | ₹1 Cr | Investors: Runwal Developers Limited |
To see the full deal history of R Mall 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
R Mall Developers Private Limited has 70 court cases on record: 37 filed by R Mall Developers, 33 filed against it. 18 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 20 | 9 |
| High courts | 19 | 9 | 3 |
| NCLT | 6 | 0 | 1 |
| NCLAT | 6 | 0 | 1 |
| Supreme Court | 4 | 4 | 4 |
Cases on record (5 of 70)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by M Plus Parking Services Pvt. Ltd. | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed by the company against Triton Retail Pvt Ltd | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LC) | Filed by the company against Ice Hospitality Pvt Ltd | Pending |
| NCLT, Mumbai | Company petition | Filed by the company against Chilli Pepper Foods LLP | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by M Plus Parking Services Pvt. Ltd. | Pending |
To see the full case history of R Mall 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
R Mall Developers Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 403 overdue payments to 62 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 62)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stealth Management Solutions Private Limited | |||
| Gamut Infosystems Limited | |||
| N K Group of Companies | |||
| Aluwind Infra-Tech Limited | |||
| an individual supplier |
To see the full MSME payment records of R Mall Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
R Mall Developers has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
R Mall Developers Private Limited has a workforce of 72 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
R Mall Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR3444F1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of R Mall Developers Private Limited, buy the company report.
Recent activity
R Mall Developers Private Limited has 60 board changes on record since 2006: 32 appointments and 28 cessations. The latest: Jayshree Amol Taori ceased to be Director on 02 Jan 2026.
64 earlier events are in the company report.
Frequently asked questions
R Mall Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in mall and retail management, within the business services industry. It was incorporated on 24 July 2006 (20+ years old) and is registered under CIN U45201MH2006PTC163273.
R Mall Developers has 4 current directors:
- Ashish Subashchandra Bhandari - Director
- Yogesh Genmal Bafna - Director
- Anuradha Singh - Director
- Rupal Anand Vora - Director
The latest financial statements of R Mall Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of R Mall Developers is 27AADCR3444F1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of R Mall Developers is U45201MH2006PTC163273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
R Mall Developers has 70 court cases on record: 37 filed by the company and 33 filed against it. 18 are pending. Most are in the district courts.
R Mall Developers was incorporated on 24 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
R Mall Developers has 10 deals on record (4 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹334.82 Cr; the latest was in July 2021.
The peers of R Mall Developers by revenue are Ambience Developers & Infrastructure Private Limited, Vamona Developers Private Limited, Trion Properties Private Limited, Express Infrastructure Private Limited, Salsette Developers Private Limited and 4 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Jayshree Amol Taori ceased to be Director on 02 Jan 2026. Rupal Anand Vora was appointed as Director on 26 Sep 2025. Anuradha Singh was appointed as Director on 05 Sep 2025. R Mall Developers has 60 board changes on record in total.
R Mall Developers has 13 MSME Form 1 returns on record between 2019 and 2023, listing 403 overdue payments to 62 micro and small suppliers. The latest return was filed on 16 Dec 2023.
R Mall Developers can be reached through the website rmall.co.in. Its registered office is in Mumbai, Maharashtra, India.