About Relationship Properties Private Limited
Data last updated:
Relationship Properties Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2008PTC178830. Its GSTIN is 27AAFCM3904P1Z3 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹50.04 Cr and a paid-up capital of ₹44.04 Cr. It is led by directors Venkatesh Gopalakrishnan and Nirav Bhupendra Dalal.
Its last annual general meeting (AGM) was held on 21 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2026, the company reported a revenue of ₹70.65 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹72.52 Cr (net margin -102.7%) and EBITDA of -₹69.12 Cr (EBITDA margin -97.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 20% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shapoorji Pallonji. As per MCA filings, the company has open charges of ₹250 Cr and satisfied charges of ₹1,875 Cr on record. Court records list 21 cases involving the company, including 7 filed by the company and 14 filed against it; 7 cases are pending. The company has 5 deals on record (5 funding rounds), with disclosed funding of ₹616.58 Cr; the latest was in June 2019. The company has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,843 overdue payments to 164 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 shapoorji.in.
Company details
Contact details
Relationship Properties Private Limited's registered office is in Mumbai, Maharashtra. Its website is shapoorji.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Relationship Properties 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
Relationship Properties operates one associated brand: Shapoorji Pallonji. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are maintained across engineering, construction, and infrastructure sectors. | shapoorjipallonji.com |
Business activity
The main business activity of Relationship Properties is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Relationship Properties Private Limited, buy the company report.
Financials of Relationship Properties Private Limited
FY 2026 filings availableRelationship Properties Private Limited reported revenue of ₹70.65 Cr (down 65% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 20%. EBITDA rose 26% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹70.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹69.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹72.52 Cr | ||||
| 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -97.8% | ||||
| Net Profit Margin | -102.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Relationship Properties Private Limited, buy the company report.
Board of directors of Relationship Properties Private Limited
Relationship Properties has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Gopalakrishnan Also directs: Pravahan Ventures LLP, Shapoorji Pallonji Real Estate Private Limited, S D Corporation Holdings Private Limited and 5 more | Director | 19 Jun 2019 | 7 Years 4 Months | Current |
| Nirav Bhupendra Dalal Also directs: Awesome Space Creations LLP, Vakratunda Buildcon Private Limited, Mangalesh Ventures Private Limited and 5 more | Director | 01 Sep 2026 | 0 Years 2 Months | Current |
Auditor
Relationship Properties Private Limited is audited by B S R & CO. LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO. LLP | FY 2026 | 101248W |
Shareholding
The shareholding of Relationship Properties Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Relationship Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Feb 2022 | 100550719 | Idbi Trusteeship Services Limited | ₹250 Cr | Open | |
| 24 Aug 2022 | 100604803 | Others | ₹300 Cr | Satisfied | |
| 25 Jun 2019 | 100271798 | Idbi Trusteeship Services Limited | ₹450 Cr | Satisfied | |
| 12 Mar 2019 | 100251260 | Others | ₹450 Cr | Satisfied | |
| 21 Sep 2017 | 100162923 | Others | ₹250 Cr | Satisfied |
To see the full charge records of Relationship Properties Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Relationship Properties Private Limited has 5 deals on record (5 funding rounds), with disclosed funding of ₹616.58 Cr; the latest was in June 2019.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2019 | Funding round · Series B | ₹294.54 Cr | Investors: Green Light A 2014 Trust, Hines India Residential Manager Limited Partnership |
| Jun 2019 | Funding round · Series A | ₹81.04 Cr | Investors: Shapoorji Pallonji and Company Private Limited |
| Jan 2019 | Funding round | ₹1 Cr | Investors: Shapoorji Pallonji and Company Private Limited |
| Aug 2011 | Funding round | ₹214.95 Cr | Investors: Shapoorji Pallonji and Company Private Limited |
To see the full deal history of Relationship Properties 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
Relationship Properties Private Limited has 21 court cases on record: 7 filed by Relationship Properties, 14 filed against it. 7 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 7 | 4 |
| District courts | 9 | 7 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Original application | Filed against the company by M/S.Sundaram Home Finance Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Pending |
To see the full case history of Relationship Properties 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
Relationship Properties Private Limited has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,843 overdue payments to 164 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 164)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cauvery Cars | |||
| Keen Facility Management Services Private Limited | |||
| Zigma Technologies | |||
| Chempure Technologies Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Relationship Properties Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Relationship Properties Private Limited has a workforce of 63 employees on its EPFO records as of Mar 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 63 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Relationship Properties Private Limited, buy the company report.
GST
Relationship Properties has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM3904P1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCR8947D1Z4 | Maharashtra | Active | 14 Jul 2017 |
| 27AADCR8947D2Z3 | Maharashtra | Active | 16 Aug 2017 |
| 29AADCR8947D1Z0 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Relationship Properties Private Limited, buy the company report.
Recent activity
Relationship Properties Private Limited has 34 board changes on record since 2008: 18 appointments and 16 cessations. The latest: Nirav Bhupendra Dalal was appointed as Director on 01 Sep 2026.
40 earlier events are in the company report.
News
Frequently asked questions
Relationship Properties 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 12 February 2008 (18+ years old) and is registered under CIN U45200MH2008PTC178830.
Relationship Properties has 2 current directors:
- Venkatesh Gopalakrishnan - Director
- Nirav Bhupendra Dalal - Director
The latest financial statements of Relationship Properties on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 September 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Relationship Properties is 27AAFCM3904P1Z3, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AADCR8947D1Z4 (Maharashtra), 27AADCR8947D2Z3 (Maharashtra), 29AADCR8947D1Z0 (Karnataka).
The CIN (Corporate Identification Number) of Relationship Properties is U45200MH2008PTC178830. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Relationship Properties has 21 court cases on record: 7 filed by the company and 14 filed against it. 7 are pending. Most are in the high courts.
Relationship Properties was incorporated on 12 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Relationship Properties has 5 deals on record (5 funding rounds), with disclosed funding of ₹616.58 Cr; the latest was in June 2019.
Nirav Bhupendra Dalal was appointed as Director on 01 Sep 2026. Manish Swaroop ceased to be Director on 29 Feb 2024. Vijay Shreenivas Karanam ceased to be Director on 15 Jun 2023. Relationship Properties has 34 board changes on record in total.
Relationship Properties has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,843 overdue payments to 164 micro and small suppliers. The latest return was filed on 10 May 2024.
Relationship Properties can be reached through the website shapoorji.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
