About Sarovar Developers Private Limited
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Sarovar Developers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 April 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ1998PTC033910. Its GSTIN is 24AACCS7438R1ZP (Gujarat).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Chirag Govindbhai Patel and Anish Porasbhai Gandhi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Santoor Avenue13 – A Pushpkunj Society Kankaria, Ahmedabad, Gujarat, India – 380028.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.9 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.41 Cr (net margin 8.3%) and EBITDA of ₹9.65 Cr (EBITDA margin 23.6%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 4% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Sarovar Group. As per MCA filings, the company has open charges of ₹63 Cr and satisfied charges of ₹71.8 Lakh on record. Court records list 29 cases involving the company, including 4 filed by the company and 25 filed against it; 16 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sarovargroup.com.
Company details
Contact details
Sarovar Developers Private Limited's registered office is in Ahmedabad, Gujarat. Its website is sarovargroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSantoor Avenue13 – A Pushpkunj Society Kankaria, Ahmedabad, Gujarat, India – 380028
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sarovar 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
Brands
Sarovar Developers operates one associated brand: Sarovar Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development involving residential and commercial projects in Ahmedabad. | sarovargroup.com |
Business activity
The main business activity of Sarovar 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 Sarovar Developers Private Limited, buy the company report.
Financials of Sarovar Developers Private Limited
FY 2024 filings availableSarovar Developers Private Limited reported revenue of ₹40.9 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 4% growth in the latest year. EBITDA rose 31% 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 | ₹9.65 Cr | ||||
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| Net Profit (PAT) | ₹3.41 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 | 23.6% | ||||
| Net Profit Margin | 8.3% | ||||
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To see the full financial statements and ratios of Sarovar Developers Private Limited, buy the company report.
Board of directors of Sarovar Developers Private Limited
Sarovar Developers has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Govindbhai Patel Also directs: Sarovar Skyline LLP, Sandalwood Residency LLP | Director | 07 Jul 1998 | 28 Years 3 Months | Current |
| Anish Porasbhai Gandhi | Director | 01 Apr 1998 | 28 Years 7 Months | Current |
| Anil Prannath Mehta Also directs: Sandalwood Residency LLP | Director | 15 Nov 2019 | 6 Years 11 Months | Current |
Auditor
Sarovar Developers Private Limited is audited by Paridhi Bhakkad and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Paridhi Bhakkad and Associates | FY 2022 | 154680W |
Shareholding
The shareholding of Sarovar Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sarovar Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2024 | 100951738 | Tata Capital Housing Finance Limited | ₹40 Cr | Open | |
| 28 Dec 2018 | 100230608 | Canara Bank | ₹23 Cr | Open | |
| 08 Aug 2008 | 10128772 | Indiabulls Housing Finance Limited | ₹71.8 Lakh | Satisfied |
To see the full charge records of Sarovar Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Sarovar Developers Private Limited has 29 court cases on record: 4 filed by Sarovar Developers, 25 filed against it. 16 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 19 | 12 |
| High courts | 9 | 6 | 4 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Ahmedabad Electricity Co.Ltd. and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company | Pending |
| High Court of Gujarat | Arbitration matter | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMCST) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMCST) | Filed against the company by an individual | Pending |
To see the full case history of Sarovar 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 Sarovar Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sarovar Developers Private Limited has a workforce of 1 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Sarovar Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCS7438R1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sarovar Developers Private Limited, buy the company report.
Recent activity
Sarovar Developers Private Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Anil Prannath Mehta was appointed as Director on 15 Nov 2019.
Frequently asked questions
Sarovar Developers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 April 1998 (28+ years old) and is registered under CIN U45201GJ1998PTC033910.
Sarovar Developers has 3 current directors:
- Chirag Govindbhai Patel - Director
- Anish Porasbhai Gandhi - Director
- Anil Prannath Mehta - Director
The latest financial statements of Sarovar Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sarovar Developers is 24AACCS7438R1ZP, registered in Gujarat.
The CIN (Corporate Identification Number) of Sarovar Developers is U45201GJ1998PTC033910. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarovar Developers has 29 court cases on record: 4 filed by the company and 25 filed against it. 16 are pending. Most are in the district courts.
Sarovar Developers was incorporated on 01 April 1998, making it 28+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Anil Prannath Mehta was appointed as Director on 15 Nov 2019. Anil Prannath Mehta ceased to be Director on 01 Jun 2019. Chirag Govindbhai Patel was appointed as Director on 07 Jul 1998. Sarovar Developers has 4 board changes on record in total.
Sarovar Developers can be reached through the website sarovargroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Sarovar Developers is at Santoor Avenue13 – A Pushpkunj Society Kankaria, Ahmedabad, Gujarat, India – 380028.
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