India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#444- Valuation
- ₹7,000 Cr
2021 #289
Revenue · FY 2025
₹1,199.76 Cr
▲ 104% YoY
Net profit · FY 2025
₹137.42 Cr
Net margin 11.5%
EBITDA · FY 2025
₹462.94 Cr
EBITDA margin 38.6%
Authorised capital
₹60 Cr
Registered with MCA
Paid-up capital
₹44.36 Cr
Issued & subscribed
Open charges
₹1,549.94 Cr
Satisfied ₹6,480.05 Cr
Company age
38 yrs
Est. 1988
Employees · EPFO
336
Provident fund records
About Runwal Developers Limited
Data last updated:
Runwal Developers Limited is a public 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 22 March 1988 and has been in existence for over 38 years.
Its director Sandeep Runwal and family are #178 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1988PLC046631. Its GSTIN is 27AAACR0395J1Z8 (Maharashtra).
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹44.36 Cr. It is led by directors including Sandeep Subhash Runwal (Managing Director) and Ashok Ghanshyam Darak (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 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 ₹1,199.76 Cr, a growth of 104% compared to the previous year. For the same year it recorded a net profit of ₹137.42 Cr (net margin 11.5%) and EBITDA of ₹462.94 Cr (EBITDA margin 38.6%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years.
The company has about 336 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,549.94 Cr and satisfied charges of ₹6,480.05 Cr on record. Court records list 188 cases involving the company, including 49 filed by the company and 139 filed against it; 64 cases are pending. The company has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.17 Cr; the latest was in March 2023. Its 6 peer companies in the Real Estate industry (Builders and Developers, Solar Power), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 3 smaller; the largest is Kanakia Spaces Realty Private Limited with revenue of ₹1,252.29 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 528 overdue payments to 92 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 runwal.com.
Company details
CIN U70100MH1988PLC046631
Registration Number 046631
Incorporation Date 22 March 1988
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Runwal Developers has one previous CIN (Corporate Identification Number): U70100MH1988PTC046631. The current CIN is U70100MH1988PLC046631, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH1988PLC046631 | Current |
| U70100MH1988PTC046631 | Previous |
Key People
Sandeep Subhash Runwal Managing Director Ashok Ghanshyam Darak Whole-Time Director Sanjay Sharma Whole-Time Director Recognitions & Rankings of Runwal Developers
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #178 Sandeep Runwal & family ₹20,300 Cr
Contact details
Runwal Developers Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressRunwal & Omkar Esquare 5th Floor Off Exp Highway Opp Sion Chunabhatti Signal, Sion – (E), Mumbai, Maharashtra, India – 400022
- IndustryReal Estate and Construction, Real Estate Builders & Developers
Comprehensive company report
Runwal Developers Limited - one report that includes everything
- 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
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Business activity
The main business activity of Runwal Developers 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 Runwal Developers Limited, buy the company report.
Financials of Runwal Developers Limited
FY 2025 filings availableRunwal Developers Limited reported revenue of ₹1,199.76 Cr (up 104% YoY) for FY 2025.
Revenue · FY 2025
₹1,199.76 Cr ▲ 104%
Net profit · FY 2025
₹137.42 Cr margin 11.5%
EBITDA · FY 2025
₹462.94 Cr margin 38.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 104%
3 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▼ 67%
3 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 13% over three years, including 104% growth in the latest year. EBITDA fell 67% 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 | ₹462.94 Cr | ||||
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| Net Profit (PAT) | ₹137.42 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.6% | ||||
| Net Profit Margin | 11.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Runwal Developers Limited, buy the company report.
Board of directors of Runwal Developers Limited
Runwal Developers has 6 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavesh Rasiklal Vora | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
| Ashok Ghanshyam Darak Also directs: Runwal Holding Estates Private Limited, Runwal Retail Private Limited, Asmira Ventures Private Limited and 3 more | Whole-Time Director | 08 Aug 2025 | 1 Years 2 Months | Current |
| Sandeep Subhash Runwal Also directs: Rupri Consultancy Services LLP, Runwal Hotels Private Limited, Runwal Holding Estates Private Limited and 5 more | Managing Director | 27 Aug 2025 | 1 Years 1 Months | Current |
| Rupal Anand Vora Also directs: Aarti Pharmalabs Limited, Sanathan Textiles Limited, Geecee Ventures Limited and 5 more | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
| Sanjay Sharma Also directs: Runwal Holding Estates Private Limited, Ashraya Highrise Private Limited, Aethon Developers Private Limited and 1 more | Whole-Time Director | 23 Dec 2024 | 1 Years 10 Months | Current |
| Visweswara Hassan Anantharamaiah | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Runwal Developers Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Solar Power), 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 |
|---|---|---|---|---|---|---|
| Kanakia Spaces Realty Private Limited | ₹1,252.29 Cr (FY 2024) | 95.0% | Mumbai, Maharashtra, India | |||
| Wave Megacity Centre Private Limited | ₹1,246.14 Cr (FY 2025) | 292.0% | New Delhi, Delhi, India | |||
| Nam Estates Private Limited | ₹1,217.54 Cr (FY 2024) | 9.0% | Infantry Road, Bangalore, Karnataka, India | |||
| Runwal Developers Limitedthis company | ₹1,199.76 Cr (FY 2025) | ₹137.42 Cr | 11.5% | 104.0% | Mumbai, Maharashtra, India | |
| Valor Estate Limited | ₹1,181.21 Cr (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| DLF Urban Private Limited | ₹1,162.39 Cr (FY 2025) | 24807.0% | Gurgaon, Haryana, India | |||
| Zinnia Promoters & Developers Private Limited. | ₹1,154.97 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India |
To see the full peer comparison of Runwal Developers Limited, buy the company report.
Charges & borrowings
Open charges
₹1,549.94 Cr
Satisfied charges
₹6,480.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2024 | 100874426 | Others | ₹325 Cr | Open | |
| 29 Nov 2023 | 100834326 | Tata Capital Housing Finance Limited | ₹200 Cr | Open | |
| 29 Nov 2023 | 100836771 | Tata Capital Housing Finance Limited | ₹200 Cr | Open | |
| 26 Jul 2023 | 100760930 | Others | ₹90 Cr | Open | |
| 13 Jun 2023 | 100740384 | Axis Bank Limited | ₹1.8 Cr | Open |
To see the full charge records of Runwal Developers Limited, buy the company report.
Total charge records: 80 View all charges
Deals & funding
Runwal Developers Limited has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.17 Cr; the latest was in March 2023.
Total deals
13
Secondary share transfers
8
Funding rounds
4
Acquisition
1
Disclosed funding
₹18.17 Cr
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Anand Developers, Runwal Constructions, 2 individuals |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Subhash Runwal HUF, 3 individuals |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2019 | Acquisition | Undisclosed | Buyer: HDFC Capital Advisors Limited |
To see the full deal history of Runwal Developers 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
Runwal Developers Limited has 188 court cases on record: 49 filed by Runwal Developers, 139 filed against it. 64 cases are pending and 124 are disposed.
Total cases
188
Filed by the company
49
Filed against the company
139
Pending
64
Disposed
124
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 89 | 79 | 34 |
| High courts | 87 | 48 | 28 |
| Supreme Court | 12 | 12 | 2 |
Cases on record (5 of 188)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Court case (RAD) | Filed against the company by Ajay Poly Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary cases) | Filed by the company against Sheth Corp Pvt Ltd and 3 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Accord Estates Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (SJ) | Filed by the company against Accord Estates Pvt. Ltd. | Pending |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed by the company against Accord Estates Pvt. Ltd. | Pending |
To see the full case history of Runwal Developers 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
Runwal Developers Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 528 overdue payments to 92 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 92)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Marshan Innovative Security Private Limited | |||
| an individual supplier | |||
| Aluwind Infra-Tech Limited | |||
| J S Parmar and Company | |||
| an individual supplier |
To see the full MSME payment records of Runwal Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Runwal Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR0395J1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Runwal Developers Limited, buy the company report.
Recent activity
Runwal Developers Limited has 22 board changes on record since 2007: 6 appointments and 16 cessations. The latest: Bhavesh Rasiklal Vora ceased to be Additional Director on 25 Sep 2025.
AGM
Runwal Developers Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Ceased
Bhavesh Rasiklal Vora ceased to be Additional Director.
Ceased
Rupal Anand Vora ceased to be Additional Director.
Ceased
Visweswara Hassan Anantharamaiah ceased to be Additional Director.
Appointed
Bhavesh Rasiklal Vora was appointed as Director.
Appointed
Rupal Anand Vora was appointed as Director.
Appointed
Visweswara Hassan Anantharamaiah was appointed as Director.
Appointed
Sandeep Subhash Runwal was appointed as Managing Director.
Appointed
Ashok Ghanshyam Darak was appointed as Whole-Time Director.
Charges
A charge registered on 22 Dec 2021 via Charge ID 100523219 with Others was fully satisfied on 18 Jul 2025.
Charges
A charge registered on 16 Oct 2023 via Charge ID 100818657 with Others was fully satisfied on 30 May 2025.
Filing
Runwal Developers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
174 earlier events are in the company report.
News
Frequently asked questions
Runwal Developers is an active public 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 22 March 1988 (38+ years old) and is registered under CIN U70100MH1988PLC046631.
Runwal Developers has 6 current directors:
- Sandeep Subhash Runwal - Managing Director
- Ashok Ghanshyam Darak - Whole-Time Director
- Sanjay Sharma - Whole-Time Director
- Bhavesh Rasiklal Vora - Director
- Rupal Anand Vora - Director
- Visweswara Hassan Anantharamaiah - Director
The latest financial statements of Runwal Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Runwal Developers is 27AAACR0395J1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Runwal Developers is U70100MH1988PLC046631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Runwal Developers has 188 court cases on record: 49 filed by the company and 139 filed against it. 64 are pending. Most are in the district courts.
Runwal Developers was incorporated on 22 March 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Runwal Developers has 13 deals on record (8 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹18.17 Cr; the latest was in March 2023.
The peers of Runwal Developers by revenue are Kanakia Spaces Realty Private Limited, Wave Megacity Centre Private Limited, Nam Estates Private Limited, Valor Estate Limited, DLF Urban Private Limited and 1 more, all in the Real Estate industry (Builders and Developers, Solar Power), with the same principal business activity (real estate activities with own or leased property).
Bhavesh Rasiklal Vora ceased to be Additional Director on 25 Sep 2025. Rupal Anand Vora ceased to be Additional Director on 25 Sep 2025. Visweswara Hassan Anantharamaiah ceased to be Additional Director on 25 Sep 2025. Runwal Developers has 22 board changes on record in total.
Runwal Developers has 14 MSME Form 1 returns on record between 2019 and 2024, listing 528 overdue payments to 92 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Runwal Developers can be reached through the website runwal.com. Its registered office is in Mumbai, Maharashtra, India.