Russel Developers Pvt Ltd
About Russel Developers Pvt Ltd
Data last updated:
Russel Developers Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 24 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45201WB1996PTC080597.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.88 Lakh. It is led by directors Shyam Sundar Nangalia and Sushila Nangalia.
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 2 Auckland Place 6th Floor, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.71 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹14.37 Lakh and EBITDA of -₹12.04 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 32% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
CIN History of Russel Developers Pvt Ltd
Russel Developers has one previous CIN (Corporate Identification Number): U80597WB1996PTC080597. The current CIN is U45201WB1996PTC080597, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201WB1996PTC080597 | Current |
| U80597WB1996PTC080597 | Previous |
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- Registered Address2 Auckland Place 6th Floor, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, Real Estate Financing
- 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
Business Activity of Russel Developers Pvt Ltd
The main business activity of Russel Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis | 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.
Financials of Russel Developers Pvt Ltd FY 2025 filings available
Russel Developers Pvt Ltd reported revenue of ₹1.71 Lakh (down 89% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Russel Developers Pvt Ltd
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 89% fall in the latest year. EBITDA fell 613% 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 Russel Developers Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹12.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.37 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 Russel Developers Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Russel 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.
Board of Directors of Russel Developers Pvt Ltd
Russel Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Sundar Nangalia Also directs: Aisha Developers LLP, Budge Budge Refineries Ltd, Central Properties Pvt Ltd and 5 more | Director | 24 Jun 1998 | 28 Years 3 Months | Current |
| Sushila Nangalia Also directs: Altius Builders Private Limited, Manushri Projects Private Limited, Pinkrose Projects Private Limited and 5 more | Director | 06 Dec 2021 | 4 Years 10 Months | Current |
Peer Comparison of Russel Developers Pvt Ltd
Russel Developers Pvt Ltd is compared with the companies closest to it by revenue in the BFSI industry (Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Matukripa Developers Private Limited | ₹1.74 Lakh (FY 2021) | •••• | •••• | -99.0% | •••• | Kolkata, West Bengal, India |
| Odyssey Plaza Pvt Ltd | ₹1.74 Lakh (FY 2018) | •••• | •••• | 14.0% | •••• | Kolkata, West Bengal, India |
| Uniform Commerce Private Limited | ₹1.72 Lakh (FY 2025) | •••• | •••• | -39.0% | •••• | Kolkata, West Bengal, India |
| Brightlook Builders Private Limited | ₹1.72 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | New Delhi, Delhi, India |
| Montana Properties Private Limited | ₹1.72 Lakh (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Russel Developers Pvt Ltd this company | ₹1.71 Lakh (FY 2025) | •••• | •••• | -89.0% | •••• | Kolkata, West Bengal, India |
| Shree Gajraj Grah Nirman Private Limited | ₹1.71 Lakh (FY 2018) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Ivorine Private Limited | ₹1.7 Lakh (FY 2024) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| SMN Farms Private Limited | ₹1.7 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Optimist Computers Private Limited | ₹1.7 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Prakash Colours Private Limited | ₹1.7 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Russel Developers by revenue in the BFSI industry (Real Estate Leasing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Russel Developers Pvt Ltd
Russel Developers Pvt Ltd is audited by S A V & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S A V & 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.
Ownership and Shareholding of Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
Russel Developers Pvt Ltd does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Russel Developers Pvt Ltd
Employment history and EPFO contributions of people linked to Russel 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 Russel Developers Pvt Ltd
Russel Developers Pvt Ltd has 3 board changes on record since 1998: 2 appointments and 1 cessation. The latest: Anuj Taparia ceased to be Director on 07 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
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 Russel Developers Pvt Ltd
Russel Developers is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 24 July 1996 (30+ years old) and is registered under CIN U45201WB1996PTC080597.
Russel Developers reported revenue of ₹1.71 Lakh for FY 2025 (down 89% YoY).
Russel Developers has 2 current directors:
- Shyam Sundar Nangalia - Director
- Sushila Nangalia - Director
Russel Developers reported a net loss of ₹14.37 Lakh and EBITDA of -₹12.04 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Russel Developers is -47% over three years and -32% over five years. In the latest year (FY 2025) revenue fell 89%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Russel Developers is U45201WB1996PTC080597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Russel Developers was incorporated on 24 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Russel Developers by revenue are Matukripa Developers Private Limited, Odyssey Plaza Pvt Ltd, Uniform Commerce Private Limited, Brightlook Builders Private Limited, Montana Properties Private Limited and 5 more, all in the BFSI industry (Real Estate Leasing).
Anuj Taparia ceased to be Director on 07 Dec 2021. Sushila Nangalia was appointed as Director on 06 Dec 2021. Shyam Sundar Nangalia was appointed as Director on 24 Jun 1998.
The registered office of Russel Developers is at 2 Auckland Place 6th Floor, Kolkata, West Bengal, India – 700017.
Russel Developers has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.88 Lakh.