Ray Property Developers Private Limited
About Ray Property Developers Private Limited
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Ray Property Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2003PTC138535.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Vidyut Dilip Shah and Aditya Vidyut Shah.
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 – 204 Neelam Centre Hind Cycle Road Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.05 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.33 Lakh (net margin -46.1%) and EBITDA of -₹6.78 Lakh (EBITDA margin -134.3%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 11% over five years.
Court records list 1 case involving the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressA – 204 Neelam Centre Hind Cycle Road Worli, Mumbai, Maharashtra, India – 400030
- 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
Financials of Ray Property Developers Private Limited FY 2025 filings available
Ray Property Developers Private Limited reported revenue of ₹5.05 Lakh (up 2766% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ray Property Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years. 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 Ray Property Developers Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹5.05 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹6.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.33 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 Ray Property Developers Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -134.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -46.1% | •••• | •••• | •••• | •••• |
| 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 Ray Property 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.
Auditor Details of Ray Property Developers Private Limited
Ray Property Developers Private Limited is audited by AZD & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AZD & ASSOCIATES | 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 Ray Property Developers Private Limited
Ray Property Developers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidyut Dilip Shah Also directs: Pearim Pharmaceuticals Private Limited, Alvaetra Laboratories Pvt Ltd, Saurabh Desai Exports Private Limited and 1 more | Director | 03 Oct 2009 | 17 Years 0 Months | Current |
| Aditya Vidyut Shah Also directs: V S International Private Limited, Ikegai Education Labs LLP | Director | 24 Nov 2017 | 8 Years 10 Months | Current |
| Purvesh Dilip Shah Also directs: V S International Private Limited | Director | 01 Jan 2014 | 12 Years 9 Months | Current |
Ownership and Shareholding of Ray Property 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 Ray Property Developers Private Limited
Ray Property Developers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Ray Property Developers Private Limited
Ray Property Developers Private Limited has 1 court case on record: 1 where it is another party. All case is disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Disposed |
Full case history
All 1 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.
Employees and EPFO Compliance at Ray Property Developers Private Limited
Employment history and EPFO contributions of people linked to Ray Property 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 Ray Property Developers Private Limited
Ray Property Developers Private Limited has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Abhinav Balvant Desai ceased to be Director on 10 Oct 2019.
Credit Ratings, Litigation & Regulatory Alerts for Ray Property 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 Ray Property 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 Ray Property 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 Ray Property Developers Private Limited
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 Ray Property 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 Ray Property Developers Private Limited
Ray Property 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 06 January 2003 (23+ years old) and is registered under CIN U45200MH2003PTC138535.
Ray Property Developers reported revenue of ₹5.05 Lakh for FY 2023 (up 2766% YoY).
Ray Property Developers has 3 current directors:
- Vidyut Dilip Shah - Director
- Aditya Vidyut Shah - Director
- Purvesh Dilip Shah - Director
Ray Property Developers reported a net loss of ₹2.33 Lakh (net margin -46.1%) and EBITDA of -₹6.78 Lakh (EBITDA margin -134.3%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ray Property Developers is 17% over three years and 11% over five years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Ray Property Developers is U45200MH2003PTC138535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ray Property Developers has 1 court case on record.
Ray Property Developers was incorporated on 06 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Abhinav Balvant Desai ceased to be Director on 10 Oct 2019. Aditya Vidyut Shah was appointed as Director on 24 Nov 2017. Purvesh Dilip Shah ceased to be Additional Director on 26 Sep 2014. Ray Property Developers has 8 board changes on record in total.
The registered office of Ray Property Developers is at A – 204 Neelam Centre Hind Cycle Road Worli, Mumbai, Maharashtra, India – 400030.