Raag Developers Private Limited
About Raag Developers Private Limited
Data last updated:
Raag Developers Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 20 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45200MP2007PTC020138. Its GSTIN is 23AAECR0405R1ZD (Madhya Pradesh).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Aman Mehta and Ajay Kumar Mehta.
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 A – 8 Pulak City Nihalpur Mandi, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.08 Cr. For the same year it recorded a net profit of ₹4.1 Lakh (net margin 1%) and EBITDA of ₹53.99 Lakh (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 375% over three years and 158% over five years.
As per MCA filings, the company has open charges of ₹1.6 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA – 8 Pulak City Nihalpur Mandi, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Real Estate Financing
- 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
- One PDF report, delivered after checkout
Business Activity of Raag Developers Private Limited
The main business activity of Raag Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Raag Developers Private Limited FY 2025 filings available
Raag Developers Private Limited reported revenue of ₹4.08 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Raag Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 158% over five years. EBITDA fell 8% 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 of Raag Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹53.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.1 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Raag Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Raag Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Raag Developers Private Limited
Raag Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chevron Builders and Realtors Private Limited | ₹4.09 Cr (FY 2018) | •••• | •••• | -26.0% | •••• | Thiruvananthapuram, Kerala, India |
| Anjali Groups of Companies Private Limited | ₹4.09 Cr (FY 2024) | •••• | •••• | 71.0% | •••• | Rewari, Haryana, India |
| Saiswastik Infrastructure Private Limited | ₹4.08 Cr (FY 2025) | •••• | •••• | 110.0% | •••• | Hubli, Karnataka, India |
| Anaadi Buildwell Private Limited | ₹4.08 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Gurgaon, Haryana, India |
| Pratyaksha Infracon Private Limited | ₹4.08 Cr (FY 2024) | •••• | •••• | 689.0% | •••• | Ranchi, Jharkhand, India |
| Raag Developers Private Limited this company | ₹4.08 Cr (FY 2024) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Tefilah Infrastructure Private Limited | ₹4.08 Cr (FY 2024) | •••• | •••• | 121.0% | •••• | Bangalore, Karnataka, India |
| Snug Dream Builders Private Limited | ₹4.08 Cr (FY 2020) | •••• | •••• | •••• | Hanumangarh, Rajasthan, India | |
| Ground Crafts Private Limited | ₹4.08 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Jodhpur, Rajasthan, India |
| Braganza and Fulari Ventures Private Limited | ₹4.08 Cr (FY 2025) | •••• | •••• | 151.0% | •••• | Mapusa, Goa, India |
| MG Realcon Private Limited | ₹4.08 Cr (FY 2025) | •••• | •••• | 360.0% | •••• | Allahabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Raag Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Raag Developers Private Limited
Raag Developers Private Limited is audited by B. Bansal & Co. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. Bansal & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Raag Developers Private Limited
Raag Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aman Mehta | Director | 26 Sep 2020 | 6 Years 0 Months | Current |
| Ajay Kumar Mehta | Director | 22 Feb 2013 | 13 Years 7 Months | Current |
| Abhinandan Mehta Also directs: Aaam Food Products Private Limited | Director | 26 Sep 2020 | 6 Years 0 Months | Current |
Ownership and Shareholding of Raag Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Raag Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Apr 2024 | Uco Bank | ₹10 Lakh | Open |
| 10 Aug 2022 | Uco Bank | ₹1.5 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Raag Developers Private Limited
Employment history and EPFO contributions of people linked to Raag Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Raag Developers Private Limited
Raag Developers Private Limited has 7 board changes on record since 2013: 3 appointments and 4 cessations. The latest: Munni Kanwar ceased to be Director on 29 Aug 2021.
Credit Ratings, Litigation & Regulatory Alerts for Raag Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Raag Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Raag Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Raag Developers Private Limited
Raag Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECR0405R1ZD | Madhya Pradesh | Active | 15 Jan 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Raag Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Raag Developers Private Limited
Raag Developers is an active private limited company based in Indore, Madhya Pradesh, India. The company works in real estate financing, within the financial services industry. It was incorporated on 20 December 2007 (19+ years old) and is registered under CIN U45200MP2007PTC020138.
Raag Developers reported revenue of ₹4.08 Cr for FY 2024.
Raag Developers has 3 current directors:
- Aman Mehta - Director
- Ajay Kumar Mehta - Director
- Abhinandan Mehta - Director
Raag Developers reported a net profit of ₹4.1 Lakh (net margin 1%) and EBITDA of ₹53.99 Lakh (EBITDA margin 13.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Raag Developers is 375% over three years and 158% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Raag Developers is 23AAECR0405R1ZD, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Raag Developers is U45200MP2007PTC020138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raag Developers was incorporated on 20 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Raag Developers by revenue are Chevron Builders and Realtors Private Limited, Anjali Groups of Companies Private Limited, Saiswastik Infrastructure Private Limited, Anaadi Buildwell Private Limited, Pratyaksha Infracon Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Munni Kanwar ceased to be Director on 29 Aug 2021. Abhinandan Mehta was appointed as Director on 26 Sep 2020. Aman Mehta was appointed as Director on 26 Sep 2020. Raag Developers has 7 board changes on record in total.
The registered office of Raag Developers is at A – 8 Pulak City Nihalpur Mandi, Indore, Madhya Pradesh, India – 452001.