About Ratnabhumi Developers Limited
Data last updated:
Ratnabhumi Developers Limited is a public limited company based in Daskroi, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L45200GJ2006PLC048776. Its GSTIN is 24AACCN3637P1Z5 (Gujarat). Its shares are listed on BSE: 540796.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.7 Cr. It was formerly known as Ratnabhumi Developers Private Limited and Navratna C G Road Properties Private Limited. It is led by directors including Kaivan Jitendrakumar Shah (Managing Director) and Rinni Kaivanbhai Shah (Whole-Time Director).
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 Daskroi, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹214.84 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.73 Cr (net margin 2.7%) and EBITDA of ₹21.31 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 194% over five years.
The company is associated with 1 brand: Ratna Group. As per MCA filings, the company has open charges of ₹219.25 Cr and satisfied charges of ₹198.77 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ratnagroup.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressRatna Corporate House, Near Santoor Bungalows, Daskroi, Gujarat, India – 380058
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Name History of Ratnabhumi Developers Limited
Ratnabhumi Developers has undergone 2 name changes throughout its history. The company was previously known as Ratnabhumi Developers Private Limited, and Navratna C G Road Properties Private Limited. The current legal name is Ratnabhumi Developers Limited.
| Company Name | Status |
|---|---|
| Ratnabhumi Developers Limited | Current |
| Ratnabhumi Developers Private Limited | Previous |
| Navratna C G Road Properties Private Limited | Previous |
CIN History of Ratnabhumi Developers Limited
Ratnabhumi Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L45200GJ2006PLC048776, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200GJ2006PLC048776 | Current |
| U45200GJ2006PTC048776 | Previous |
| U45200GJ2006PLC048776 | Previous |
Associated Brands with Ratnabhumi Developers Limited
Ratnabhumi Developers operates one associated brand: Ratna Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate and infrastructure development services | ratnagroup.co.in |
Competitors & Alternatives of Ratnabhumi Developers Limited
Brands and companies operating in the same space as Ratnabhumi Developers Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Godrej Properties | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India | 1990 |
 Vingroup | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam | 1993 |
 Lendlease | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia | 1958 |
 Frasers Property | Residential and commercial properties are developed and managed across regions. | Singapore | 1924 |
 Sunac | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China | 2003 |
 Lodha Group | Developer of residential and commercial real estate properties | Mumbai, India | 1980 |
 Vanke | Real estate properties are developed in over 50 cities. | Shenzhen, China | 1984 |
 Eiffage | Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France | 1920 |
 City Developments | Real estate development and management services are provided globally. | Singapore | 1963 |
Business Activity of Ratnabhumi Developers Limited
The main business activity of Ratnabhumi Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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.
Auditor Details of Ratnabhumi Developers Limited
Ratnabhumi Developers Limited is audited by DJNV & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DJNV & 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 Ratnabhumi Developers Limited
Ratnabhumi Developers has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaivan Jitendrakumar Shah | Managing Director | 01 Oct 2016 | 10 Years 0 Months | Current |
| Smit Sanjaykumar Shah Also directs: Ratnabhumi Techno Engg Private Limited, Idva Private Limited | Director | 29 Sep 2017 | 9 Years 0 Months | Current |
| Shaishav Amitbhai Shah Also directs: Ssu Ventures Private Limited | Director | 31 Jul 2017 | 9 Years 2 Months | Current |
| Rinni Kaivanbhai Shah Also directs: Raivat Projects LLP, Ratnabhumi Techno Engg Private Limited | Whole-Time Director | 16 Feb 2021 | 5 Years 7 Months | Current |
| Avaniben Rohit Sanghavi | Director | 07 Jun 2021 | 5 Years 3 Months | Current |
Financials of Ratnabhumi Developers Limited FY 2025 filings available
Ratnabhumi Developers Limited reported revenue of ₹214.84 Cr (up 19975% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ratnabhumi Developers Limited
Revenue has grown at a compounded annual rate (CAGR) of 194% over five years. EBITDA rose 30% 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 Ratnabhumi Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| EBITDA | ₹21.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.73 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Ratnabhumi Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.7% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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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 Ratnabhumi 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.
Ownership and Shareholding of Ratnabhumi Developers 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 Ratnabhumi Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jul 2026 | Indian Bank | ₹5.25 Cr | Open |
| 06 Oct 2025 | Others | ₹19 Cr | Open |
| 29 Aug 2025 | Sbicap Trustee Company Limited | ₹151 Cr | Open |
| 21 May 2025 | Others | ₹9 Cr | Open |
| 11 Mar 2025 | Others | ₹35 Cr | Open |
Total charge records: 14 View all charges
Employees and EPFO Compliance at Ratnabhumi Developers Limited
Employment history and EPFO contributions of people linked to Ratnabhumi 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.
GST Compliance of Ratnabhumi Developers Limited
Ratnabhumi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCN3637P1Z5 | Gujarat | Active | 01 Jul 2017 |
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.
Legal Cases of Ratnabhumi Developers Limited
Ratnabhumi Developers Limited has 2 court cases on record: 1 filed by Ratnabhumi Developers, 1 filed against it. All cases are disposed. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Asst. Commissioner of Income Tax | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Ratnabhumi Developers 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 Ratnabhumi Developers 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 Ratnabhumi Developers 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.
MCA Filings & Documents of Ratnabhumi Developers 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.
Recent Activity on Ratnabhumi Developers Limited
Frequently Asked Questions about Ratnabhumi Developers Limited
Ratnabhumi Developers is an active public limited company based in Daskroi, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 July 2006 (20+ years old) and is registered under CIN L45200GJ2006PLC048776. Listed on BSE: 540796.
Ratnabhumi Developers reported revenue of ₹214.84 Cr for FY 2025 (up 19975% YoY).
Ratnabhumi Developers has 5 current directors:
- Kaivan Jitendrakumar Shah - Managing Director
- Rinni Kaivanbhai Shah - Whole-Time Director
- Smit Sanjaykumar Shah - Director
- Shaishav Amitbhai Shah - Director
- Avaniben Rohit Sanghavi - Director
Ratnabhumi Developers reported a net profit of ₹5.73 Cr (net margin 2.7%) and EBITDA of ₹21.31 Cr (EBITDA margin 9.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ratnabhumi Developers is 194% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ratnabhumi Developers is 24AACCN3637P1Z5, registered in Gujarat.
The CIN (Corporate Identification Number) of Ratnabhumi Developers is L45200GJ2006PLC048776. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ratnabhumi Developers is listed on BSE with code 540796.
Ratnabhumi Developers has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.