About Safal Developers Pvt.Ltd.
Data last updated:
Safal Developers Pvt.Ltd. is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sahana Builders And Developers Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 February 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1992PTC065526. Its GSTIN is 27AAACS5763P1ZP (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹50 Lakh. It is led by directors Umesh Shetty and Sushant Srinivas Shetty.
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 402 Sagar Avenue Above Icici Bank 54 B S V Road Andheri (W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.7 Cr. For the same year it recorded a net loss of ₹39.08 Cr and EBITDA of ₹1.37 Cr (EBITDA margin 80.5%). Revenue has declined at a compounded annual rate (CAGR) of 10% over five years.
As per MCA filings, the company has open charges of ₹259.22 Cr on record. Court records list 7 cases involving the company, including 2 filed by the company and 5 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 sahanagroup.com.
Company details
Contact details
Safal Developers Pvt.Ltd.'s registered office is in Mumbai, Maharashtra. Its website is sahanagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address402 Sagar Avenue Above Icici Bank 54 B S V Road Andheri (W), Mumbai, Maharashtra, India – 400058
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Safal Developers Pvt.Ltd., 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
Financials of Safal Developers Pvt.Ltd.
FY 2025 filings availableSafal Developers Pvt.Ltd. reported revenue of ₹1.7 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years. EBITDA rose 105% 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 | ₹1.37 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | -₹39.08 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 80.5% | ||||
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To see the full financial statements and ratios of Safal Developers Pvt.Ltd., buy the company report.
Board of directors of Safal Developers Pvt.Ltd.
Safal Developers has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesh Shetty Also directs: Harmony Developers Private Limited, Goodlife Realtors Private Limited, Sahana Properties and Resorts Private Limited and 5 more | Director | 09 Jun 2022 | 4 Years 4 Months | Current |
| Sushant Srinivas Shetty Also directs: K.K. Enterprise Development LLP, Greencore Mining Private Limited, Rockbridge Mining Private Limited and 5 more | Director | 09 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Safal Developers Pvt.Ltd. is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Hotels), 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 |
|---|---|---|---|---|---|---|
| Vaithianathaswamy Thunai Roarke Construction Private Limited | ₹1.7 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Suryashakti Greenlands Private Limited | ₹1.7 Cr (FY 2024) | 424.0% | Visakhapatnam, Andhra Pradesh, India | |||
| Safal Developers Pvt.Ltd.this company | ₹1.7 Cr (FY 2025) | -₹39.08 Cr | Mumbai, Maharashtra, India | |||
| Sukhibhava Builders and Developers Private Limited | ₹1.7 Cr (FY 2024) | -6.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Safal Developers Pvt.Ltd., buy the company report.
Auditor
Safal Developers Pvt.Ltd. is audited by KESHRI&ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KESHRI&ASSOCIATES | FY 2023 | 310006E |
Shareholding
The shareholding of Safal Developers Pvt.Ltd. is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Safal Developers Pvt.Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2019 | 100295551 | Others | ₹259.22 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Safal Developers Pvt.Ltd. has 7 court cases on record: 2 filed by Safal Developers, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Court III | Tribunal matter | Filed against the company by Magnate Industries LLP | Disposed |
| NCLT, Mumbai | Court case (MA(CompaniesAct)) | Filed against the company by an individual | Disposed |
| NCLT, Mumbai | Petition | Filed against the company by an individual | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by City and Industrial Development Cor. of Mah. Ltd. | Disposed |
To see the full case history of Safal Developers Pvt.Ltd., 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 Safal Developers Pvt.Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Safal Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS5763P1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safal Developers Pvt.Ltd., buy the company report.
Recent activity
Safal Developers Pvt.Ltd. has 16 board changes on record since 2011: 2 appointments and 14 cessations. The latest: Sushant Srinivas Shetty ceased to be Additional Director on 30 Sep 2022.
8 earlier events are in the company report.
Frequently asked questions
Safal 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 20 February 1992 (34+ years old) and is registered under CIN U45200MH1992PTC065526.
Safal Developers has 2 current directors:
- Umesh Shetty - Director
- Sushant Srinivas Shetty - Director
The latest financial statements of Safal Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Safal Developers is 27AAACS5763P1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Safal Developers is U45200MH1992PTC065526. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safal Developers has 7 court cases on record: 2 filed by the company and 5 filed against it. Most are in the high courts.
Safal Developers was incorporated on 20 February 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Safal Developers by revenue are Vaithianathaswamy Thunai Roarke Construction Private Limited, Suryashakti Greenlands Private Limited, Sukhibhava Builders and Developers Private Limited, all in the Real Estate industry (Builders and Developers, Hotels), with the same principal business activity (buildings).
Sushant Srinivas Shetty ceased to be Additional Director on 30 Sep 2022. Umesh Shetty ceased to be Additional Director on 30 Sep 2022. Hemlatha Sudhakar Shetty ceased to be Director on 09 Jun 2022. Safal Developers has 16 board changes on record in total.
Safal Developers can be reached through the website sahanagroup.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Safal Developers is at 402 Sagar Avenue Above Icici Bank 54 B S V Road Andheri W, Mumbai, Maharashtra, India – 400058.
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