About Satellite Developers Private Limited
Data last updated: 06 January 2026
Satellite Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 17 February 1953, the company has been in operation for over 73 years.
Registered with ROC Mumbai under CIN U24291MH1953PTC139290.
Capital: an authorised share capital of ₹62 Cr and a paid-up capital of ₹53.4 Cr. Formerly known as Satellite Developers Private Limited and The Selective Chemicals Private Limited. It is led by directors Kalpana Pankaj Shah and Sarjan Pankaj Shah.
Last AGM: 01 October 2024. Financial statements filed for year ended 31 March 2024. Office: 14 Solitaire Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹150.19 Cr, a decline of 37% compared to the previous year.
The company has a workforce of approximately 54 employees as per the latest available data. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand - Group Satellite. As per MCA filings, the company has open charges of ₹2,115.45 Cr and satisfied charges of ₹2,731.13 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website groupsatellite.com.
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Registered Address7Th Floor S – 14 Solitaire Corporate Park Andheri – Ghatkopar Link Road Andheri(Eas, T), Mumbai, Maharashtra, India – 400093
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Satellite Developers Private Limited
Satellite Developers Private Limited has undergone 3 name changes throughout its history. The company was previously known as Satellite Developers Private Limited, The Selective Chemicals Private Limited, and Satellite Developers Limited. The current legal name is Satellite Developers Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Satellite Developers Private Limited | Current |
| The Selective Chemicals Private Limited | Previous |
| Satellite Developers Limited | Previous |
CIN History of Satellite Developers Private Limited
Satellite Developers Private Limited has one previous CIN (Corporate Identification Number): U24291MH1953PLC139290. The current CIN is U24291MH1953PTC139290, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24291MH1953PTC139290 | Current |
| U24291MH1953PLC139290 | Previous |
Associated Brands with Satellite Developers Private Limited
Satellite Developers Private Limited operates one associated brand: Group Satellite. These brands represent Satellite Developers Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Real estate firm developing residential and commercial projects in Mumbai, India. | group-satellite.com |
Competitors & Alternatives of Satellite Developers Private Limited
Brands and companies operating in the same space as Satellite Developers Private Limited include Godrej Properties, Vingroup, Howard Hughes and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Godrej Properties
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Residential and commercial properties are developed by Godrej Properties. | Mumbai, India, India | 1990 |
Vingroup
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Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam, Vietnam | 1993 |
Howard Hughes
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Residential and commercial properties are developed across the United States. | Dallas, United States, United States | 2010 |
DLF India
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Provider of property and real estate development services | Gurugram, India, India | 1947 |
Lendlease
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Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia, Australia | 1958 |
Frasers Property
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Residential and commercial properties are developed and managed across regions. | Singapore, Singapore, Singapore | 1924 |
Sunac
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Residential and commercial real estate development is conducted by Sunac. | Shanghai, China, China | 2003 |
STRABAG
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Provider of construction management services | Vienna, Austria, Austria | 1835 |
Vanke
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Real estate properties are developed in over 50 cities. | Shenzhen, China, China | 1984 |
Skanska
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3D printing technology for construction professionals is provided by Skanska. | Stockholm, Sweden, Sweden | 1887 |
Business Activity of Satellite Developers Private Limited
Satellite Developers Private Limited is engaged in the principal business activity of construction, with detailed activities including buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details for Satellite Developers Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Satellite Developers Private Limited
Satellite Developers Private Limited is audited by V. C. Shah & Co. for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. C. Shah & Co. | Locked | Locked | Locked |
Complete auditor history for Satellite Developers Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors and KMP of Satellite Developers Private Limited
Satellite Developers Private Limited currently reports 2 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Nihalchand Munot | Ceo | 15 Jul 2025 | 1 Years 0 Months | Current |
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Kalpana Pankaj Shah
Also directs:
Satellite Developers And Builders Llp, Satellite Ghanwat Llp, Purva Realties Private Limited and 5 more
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Director | 01 Dec 2018 | 7 Years 7 Months | Current |
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Sarjan Pankaj Shah
Also directs:
Satellite Cove Private Limited, Newone Constructions Private Limited, Satellite Builders Private Limited and 5 more
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Director | 02 Dec 2008 | 17 Years 7 Months | Current |
Financials of Satellite Developers Private Limited FY 2024 filings available
Satellite Developers Private Limited reported revenue of ₹150.19 Cr (down 37.00% YoY) for FY 2024.
Ten-year financial statements for Satellite Developers Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
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Ownership and Shareholding of Satellite Developers Private Limited
Shareholding and ownership data for Satellite Developers Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Satellite Developers Private Limited
Satellite Developers Private Limited has 7 subsidiary companies and 4 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Satellite Developers Private Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Newone Constructions Private Limited | U45200MH2005PTC152248 | Locked |
| Satellite Builders Private Limited | U45201MH2014PTC256042 | Locked |
| Satellite Aedifex Private Limited | U45400MH2016PTC286894 | Locked |
| Satellite Infraservices Private Limited | U51900MH2006PTC159519 | Locked |
| Sesen Realty Private Limited | U70100MH2018PTC306952 | Locked |
| Satsang Projects Private Limited | U70100MH2021PTC360392 | Locked |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Satellite Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2025 | Others | ₹28.4 Cr | Open |
| 28 Jan 2025 | Others | ₹13.88 Cr | Open |
| 04 Mar 2024 | Others | ₹510 Cr | Open |
| 28 Dec 2023 | State Bank of India | ₹92.95 Cr | Open |
| 20 Sep 2023 | State Bank of India | ₹30 Cr | Open |
Total charge records: 64 View all charges
Employees and EPFO Compliance at Satellite Developers Private Limited
Satellite Developers Private Limited has a workforce of 54 employees as of Apr 09, 2024.
Employee and EPFO history for Satellite Developers Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Satellite Developers Private Limited
GST registrations and filing compliance for Satellite Developers Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Satellite Developers Private Limited
Credit ratings, litigation, and regulatory alerts for Satellite Developers Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Satellite Developers Private Limited
MSME payment history for Satellite Developers Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Satellite Developers Private Limited
Corporate group structure for Satellite Developers Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Satellite Developers Private Limited
MCA filings and documents for Satellite Developers Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Satellite Developers Private Limited
Frequently Asked Questions about Satellite Developers Private Limited
Satellite Developers Private Limited is an active private limited company in the real estate and construction sector based in Mumbai, Maharashtra, India. It was incorporated on 17 February 1953 (73+ years old) and is registered under CIN U24291MH1953PTC139290. The company has 54 employees.
Satellite Developers Private Limited reported revenue of ₹150.19 Cr for FY 2024 (down 37.00% YoY).
The current directors and KMP of Satellite Developers Private Limited are:
- Sunil Nihalchand Munot - Ceo
- Kalpana Pankaj Shah - Director
- Sarjan Pankaj Shah - Director
The primary industry of Satellite Developers Private Limited is real estate and construction. The company specifically operates in real estate builders and developers. The company is currently active in this sector.
Satellite Developers Private Limited can be reached at the registered office: 7Th Floor S – 14 Solitaire Corporate Park Andheri – Ghatkopar Link Road AndheriEas, T, Mumbai, Maharashtra, India – 400093, or through the website groupsatellite.com.
The authorised capital is ₹62 Cr, and the paid-up capital is ₹53.4 Cr.