About RSB Developers Private Limited
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RSB 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 17 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U11101MH2007PTC167900. Its GSTIN is 27AADCR6005J2ZD (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ankit Rajendrakumar Sheth (Whole-Time Director) and Yash Manish Pethani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹94.84 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹26.55 Cr (net margin 28%) and EBITDA of ₹36.25 Cr (EBITDA margin 38.2%). Revenue has grown at a compounded annual rate (CAGR) of 331% over three years.
As per MCA filings, the company has open charges of ₹72 Lakh on record. Court records list 3 cases involving the company, including 2 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 rsbdevelopers.com.
Company details
Contact details
RSB Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB720 – 724 7 Thflr Plaza Panchashil Nyaymurti Sitaram Patkar Marg Nr Dharam Palace Gamdevi Gr, Ant Road, Mumbai, Maharashtra, India – 400007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of RSB Developers 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
Business activity
The main business activity of RSB Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of RSB Developers Private Limited, buy the company report.
Financials of RSB Developers Private Limited
FY 2023 filings availableRSB Developers Private Limited reported revenue of ₹94.84 Cr (up 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 331% over three years, including 1% growth in the latest year. EBITDA fell 10% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹36.25 Cr | ||||
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| Net Profit (PAT) | ₹26.55 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 38.2% | ||||
| Net Profit Margin | 28% | ||||
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To see the full financial statements and ratios of RSB Developers Private Limited, buy the company report.
Board of directors of RSB Developers Private Limited
RSB Developers has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Manish Pethani Also directs: Royal Minerva Realty LLP, Catalina Developers LLP, M Suresh Company Private Limited and 2 more | Director | 10 Jun 2019 | 7 Years 4 Months | Current |
| Kartik Jagdishkumar Parikh Also directs: Amelia Exports LLP, Dhamal Properties Private Limited, Ohio Exports Private Limited and 3 more | Director | 30 Jun 2014 | 12 Years 3 Months | Current |
| Vipul Pravinchandra Jhaveri | Director | 06 Mar 2007 | 19 Years 7 Months | Current |
| Ankit Rajendrakumar Sheth Also directs: Royal Minerva Realty LLP, Clean Slate Real Estate LLP, Raghunandan Sales Agencies Private Limited and 5 more | Whole-Time Director | 08 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
RSB Developers Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eldeco City Limited | ₹95.3 Cr (FY 2017) | 25.0% | Kanpur, Uttar Pradesh, India | |||
| Navkar Estate & Homes Private Limited | ₹94.86 Cr (FY 2023) | 54.0% | Vasai, Maharashtra, India | |||
| RSB Developers Private Limitedthis company | ₹94.84 Cr (FY 2023) | ₹26.55 Cr | 28% | 1.0% | Mumbai, Maharashtra, India | |
| DTC Projects Private Limited | ₹94.53 Cr (FY 2025) | -36.0% | Kolkata, West Bengal, India | |||
| Dillip Constructions Private Limited | ₹94.38 Cr (FY 2025) | -45.0% | Bhubaneswar, Odisha, India | |||
| Adarsh Buildestate Limited | ₹94.34 Cr (FY 2017) | -26.0% | Gurugram, Haryana, India |
To see the full peer comparison of RSB Developers Private Limited, buy the company report.
Auditor
RSB Developers Private Limited is audited by MAHENDRA KUMBHAT & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHENDRA KUMBHAT & ASSOCIATES | FY 2022 | 105770W |
Shareholding
The shareholding of RSB Developers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of RSB Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Oct 2021 | 100494640 | Hdfc Bank Limited | ₹72 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
RSB Developers Private Limited has 3 court cases on record: 2 filed by RSB Developers, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed against the company | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Union of India Through the Secretary Ministry of Civil Aviation and 2 Ors and 2 others | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra and Ors. | Disposed |
To see the full case history of RSB Developers 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
No delayed payments to MSME suppliers are on our record for RSB Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
RSB Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR6005J2ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of RSB Developers Private Limited, buy the company report.
Recent activity
RSB Developers Private Limited has 9 board changes on record since 2007: 4 appointments and 5 cessations. The latest: Yash Manish Pethani ceased to be Additional Director on 28 Sep 2019.
1 earlier event is in the company report.
Frequently asked questions
RSB 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 17 February 2007 (19+ years old) and is registered under CIN U11101MH2007PTC167900.
RSB Developers has 4 current directors:
- Ankit Rajendrakumar Sheth - Whole-Time Director
- Yash Manish Pethani - Director
- Kartik Jagdishkumar Parikh - Director
- Vipul Pravinchandra Jhaveri - Director
The latest financial statements of RSB Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of RSB Developers is 27AADCR6005J2ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of RSB Developers is U11101MH2007PTC167900. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
RSB Developers has 3 court cases on record: 2 filed by the company and 1 filed against it.
RSB Developers was incorporated on 17 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of RSB Developers by revenue are Eldeco City Limited, Navkar Estate & Homes Private Limited, DTC Projects Private Limited, Dillip Constructions Private Limited, Adarsh Buildestate Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Yash Manish Pethani ceased to be Additional Director on 28 Sep 2019. Yash Manish Pethani was appointed as Director on 10 Jun 2019. Ankit Rajendrakumar Sheth ceased to be Additional Director on 30 Sep 2016. RSB Developers has 9 board changes on record in total.
RSB Developers can be reached through the website rsbdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of RSB Developers is at B720 – 724 7 Thflr Plaza Panchashil Nyaymurti Sitaram Patkar Marg Nr Dharam Palace Gamdevi Gr, Ant Road, Mumbai, Maharashtra, India – 400007.