About Raghuleela Estates Private Limited
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Raghuleela Estates Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Marve Beach Resorts Pvt Ltd. It operates in the real estate financing segment of the financial services sector. It was incorporated on 03 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC142488. Its GSTIN is 27AACCR6864N1ZO (Maharashtra).
The company has an authorised share capital of ₹13.1 Cr and a paid-up capital of ₹4.65 Cr. It is led by directors Manohar Moolchand Chhabria and Arvind Yeshwant Sawant.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.45 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹110.4 Cr (net margin 192.2%) and EBITDA of ₹45.33 Cr (EBITDA margin 78.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over five years.
The company is associated with 2 brands: RBPL and The Wadhwa Group. As per MCA filings, the company has open charges of ₹365 Cr and satisfied charges of ₹4,016.28 Cr on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thewadhwagroup.com.
Company details
Contact details
Raghuleela Estates Private Limited's registered office is in Mumbai, Maharashtra. Its website is thewadhwagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 Platina Plot No. C – 59 G Block, Bandra Kurla Complex Bandra (E), Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Raghuleela Estates 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
Raghuleela Estates operates two associated brands: RBPL and The Wadhwa Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops residential and commercial properties through construction services. | raghuleela.in | |
| Residential and commercial properties are developed in Mumbai, India. | thewadhwagroup.com |
Business activity
The main business activity of Raghuleela Estates 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 Raghuleela Estates Private Limited, buy the company report.
Financials of Raghuleela Estates Private Limited
FY 2025 filings availableRaghuleela Estates Private Limited reported revenue of ₹57.45 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 4% growth in the latest year. EBITDA fell 6% 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 | ₹45.33 Cr | ||||
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| Net Profit (PAT) | ₹110.4 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 | 78.9% | ||||
| Net Profit Margin | 192.2% | ||||
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To see the full financial statements and ratios of Raghuleela Estates Private Limited, buy the company report.
Board of directors of Raghuleela Estates Private Limited
Raghuleela Estates has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manohar Moolchand Chhabria Also directs: Rituvarsha Estates Private Limited, Raghuleela Properties Private Limited, Wadhwa Realty Private Limited and 5 more | Additional Director | 23 Dec 2025 | 0 Years 10 Months | Current |
| Arvind Yeshwant Sawant Also directs: Wise City Magnolia Management Private Limited, Elaris Realty Private Limited, Altmark Realty Private Limited and 5 more | Additional Director | 23 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Raghuleela Estates Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), 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 |
|---|---|---|---|---|---|---|
| Hunch Circle Private Limited | ₹58.26 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| 2Gethr Hub Private Limited | ₹58.09 Cr (FY 2025) | 50.0% | Bangalore, Karnataka, India | |||
| Mohan Infradevelopers Private Limited | ₹58.07 Cr (FY 2024) | 75.0% | Bareilly, Uttar Pradesh, India | |||
| Raghuleela Estates Private Limitedthis company | ₹57.45 Cr (FY 2025) | ₹110.4 Cr | 192.2% | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Raghuleela Estates Private Limited, buy the company report.
Auditor
Raghuleela Estates Private Limited is audited by R M A & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R M A & CO LLP | FY 2023 | 118777W/W100913 |
Shareholding
The shareholding of Raghuleela Estates Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raghuleela Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101156217 | Others | ₹240 Cr | Open | |
| 19 Mar 2019 | 100249945 | Others | ₹125 Cr | Open | |
| 22 Mar 2023 | 100696515 | Others | ₹800 Cr | Satisfied | |
| 07 Jan 2022 | 100528635 | Others | ₹243 Cr | Satisfied | |
| 10 Feb 2021 | 100421956 | Others | ₹170 Cr | Satisfied |
To see the full charge records of Raghuleela Estates Private Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Raghuleela Estates Private Limited has 11 court cases on record: 3 filed by Raghuleela Estates, 8 filed against it. 7 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 5 | 5 |
| District courts | 4 | 3 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Marvel Sigma Homes Pvt Ltd | Pending |
| Bombay High Court | Commercial suit | Filed against the company by Vistra Itcl (India) Limited | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed by the company against Marvel Sigma Homes Private Limited. | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax Central 3 | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by an individual | Pending |
To see the full case history of Raghuleela Estates 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
Raghuleela Estates Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 5 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rohira Mehta & Associates | |||
| Kavles Pressure Concrete Pvt Ltd | |||
| an individual supplier |
To see the full MSME payment records of Raghuleela Estates Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Raghuleela Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR6864N1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raghuleela Estates Private Limited, buy the company report.
Recent activity
Raghuleela Estates Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Arvind Yeshwant Sawant was appointed as Additional Director on 23 Dec 2025.
51 earlier events are in the company report.
News
Frequently asked questions
Raghuleela Estates 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 03 October 2003 (23+ years old) and is registered under CIN U45200MH2003PTC142488.
Raghuleela Estates has 2 current directors:
- Manohar Moolchand Chhabria - Additional Director
- Arvind Yeshwant Sawant - Additional Director
The latest financial statements of Raghuleela Estates 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 Raghuleela Estates is 27AACCR6864N1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Raghuleela Estates is U45200MH2003PTC142488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raghuleela Estates has 11 court cases on record: 3 filed by the company and 8 filed against it. 7 are pending. Most are in the high courts.
Raghuleela Estates was incorporated on 03 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Raghuleela Estates by revenue are Hunch Circle Private Limited, 2Gethr Hub Private Limited, Mohan Infradevelopers Private Limited, all in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Arvind Yeshwant Sawant was appointed as Additional Director on 23 Dec 2025. Manohar Moolchand Chhabria was appointed as Additional Director on 23 Dec 2025. Vinita Vijay Wadhwa ceased to be Director on 20 May 2025. Raghuleela Estates has 10 board changes on record in total.
Raghuleela Estates has 2 MSME Form 1 returns on record between 2019 and 2020, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 05 Feb 2021.
Raghuleela Estates can be reached through the website thewadhwagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Raghuleela Estates is at 301 Platina Plot No. C – 59 G Block, Bandra Kurla Complex Bandra E, Mumbai, Maharashtra, India – 400098.