About Satra Properties (India) Limited
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Satra Properties (India) 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 30 May 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65910MH1983PLC030083. Its GSTIN is 27AAACE1835C2Z4 (Maharashtra). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 24 Mar 2026 · voluntary delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Express Leasing Limited. It is led by directors including Nitin Pravinbhai Shah and Tushar Ramaniklal Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2019, the company reported a revenue of ₹36.3 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹15.88 Cr (net margin -43.8%) and EBITDA of -₹15.88 Cr (EBITDA margin -43.7%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years.
Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Satra Properties. As per MCA filings, the company has open charges of ₹193.96 Cr and satisfied charges of ₹578.15 Cr on record. Court records list 242 cases involving the company, including 128 filed by the company and 115 filed against it; 127 cases are pending. The company has 7 deals on record (7 market trades); the latest was in November 2021. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 3 smaller; the largest is Rai Residency Private Limited with revenue of ₹62.23 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website satraproperties.in.
Company details
CIN history
Satra Properties (India) has one previous CIN (Corporate Identification Number): U65910MH1983PTC030083. The current CIN is L65910MH1983PLC030083, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910MH1983PLC030083 | Current |
| U65910MH1983PTC030083 | Previous |
Contact details
Satra Properties (India) Limited's registered office is in Mumbai, Maharashtra. Its website is satraproperties.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address5th Floor A Block Aidun Building, Jss Road, Mumbai, Maharashtra, India – 400002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Satra Properties (India) 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
Satra Properties (India) operates one associated brand: Satra Properties. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of residential and commercial properties | satraproperties.in |
Business activity
The main business activity of Satra Properties (India) 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 Satra Properties (India) Limited, buy the company report.
Financials of Satra Properties (India) Limited
FY 2020 filings availableSatra Properties (India) Limited reported revenue of ₹36.3 Cr (down 53% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over three years, including a 53% fall in the latest year. EBITDA rose 80% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹36.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.88 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -43.7% | ||||
| Net Profit Margin | -43.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Satra Properties (India) Limited, buy the company report.
Board of directors of Satra Properties (India) Limited
Satra Properties (India) has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Pravinbhai Shah Also directs: Centrio Lifespaces Limited | Director | 26 Jul 2024 | 2 Years 2 Months | Current |
| Tushar Ramaniklal Shah Also directs: Gajendra Investment Limited | Director | 26 Jul 2024 | 2 Years 2 Months | Current |
| Jignesh Pravinchandra Shah | Director | 26 Jul 2024 | 2 Years 2 Months | Current |
Peer comparison
Satra Properties (India) Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), 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 |
|---|---|---|---|---|---|---|
| Rai Residency Private Limited | ₹62.23 Cr (FY 2024) | 10.0% | Kalyan East, Maharashtra, India | |||
| Bengal Nri Complex Ltd. | ₹62.12 Cr (FY 2025) | 39.0% | Kolkata, West Bengal, India | |||
| Vishranthi Homes Private Limited | ₹62.11 Cr (FY 2025) | 674.0% | Chennai, Tamil Nadu, India | |||
| Vijay Jindal Builders Private Limited | ₹61.99 Cr (FY 2025) | 61.0% | Bathinda, Punjab, India | |||
| Satra Properties (India) Limitedthis company | ₹36.3 Cr (FY 2019) | -₹15.88 Cr | -43.8% | -53.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Satra Properties (India) Limited, buy the company report.
Auditor
Satra Properties (India) Limited is audited by G M J & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G M J & CO | FY 2019 | 103429W |
Shareholding
The shareholding of Satra Properties (India) Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Satra Properties (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2017 | 100118939 | Others | ₹5 Cr | Open | |
| 29 Sep 2016 | 100057038 | Others | ₹40 Cr | Open | |
| 17 Nov 2015 | 10606366 | Others | ₹60 Cr | Open | |
| 08 Sep 2015 | 10593941 | Hdfc Bank Limited | ₹45.56 Lakh | Open | |
| 03 Mar 2014 | 10485001 | Il & Fs Trust Company Limited | ₹56 Cr | Open |
To see the full charge records of Satra Properties (India) Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Satra Properties (India) Limited has 7 deals on record (7 market trades); the latest was in November 2021.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2021 | Market trade | ₹9.2 Lakh | Seller: an individual |
| Mar 2017 | Market trade | ₹32.9 Cr | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2007 | Market trade | ₹1.73 Cr | Seller: Maharashtra Overseas Limited |
| Nov 2006 | Market trade | ₹1.54 Cr | Buyer: Enca Finlease Ltd. Seller: Enca Finlease Ltd. |
| Oct 2006 | Market trade | ₹72.8 Lakh | Seller: Enca Finlease Ltd |
To see the full deal history of Satra Properties (India) 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
Satra Properties (India) Limited has 242 court cases on record: 128 filed by Satra Properties (India), 115 filed against it. 127 cases are pending and 115 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 148 | 44 | 107 |
| High courts | 42 | 25 | 7 |
| NCLAT | 36 | 36 | 13 |
| NCLT | 12 | 6 | 0 |
| Supreme Court | 4 | 4 | 0 |
Cases on record (5 of 242)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Dev Land & Housing Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Dev Land & Housing Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Vistra Itcl India Limited & Ors and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by MJ Shah Realtors LLP and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Apple Cosmetics Pvt. Ltd. | Pending |
To see the full case history of Satra Properties (India) 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 Satra Properties (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Satra Properties (India) has 4 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ulltra Lifespace Private Limited | U45400MH2007PTC175172 | |
| Satra Property Developers Private Limited | U51900MH2000PTC126260 | |
| Carari Impex Private Limited | U74110MH2007PTC175176 | |
| Satra Lifestyles Private Limited | U74999MH2007PTC175177 |
To see the full group structure of Satra Properties (India) Limited, buy the company report.
GST
Satra Properties (India) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE1835C2Z4 | Maharashtra | Active | 16 Apr 2021 |
To see the full GST registrations and return filing status of Satra Properties (India) Limited, buy the company report.
Recent activity
Satra Properties (India) Limited has 35 board changes on record since 2006: 19 appointments and 16 cessations. The latest: Jignesh Pravinchandra Shah was appointed as Director on 26 Jul 2024.
87 earlier events are in the company report.
Frequently asked questions
Satra Properties (India) 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 30 May 1983 (43+ years old) and is registered under CIN L65910MH1983PLC030083.
Satra Properties (India) has 3 current directors:
- Nitin Pravinbhai Shah - Director
- Tushar Ramaniklal Shah - Director
- Jignesh Pravinchandra Shah - Director
The latest financial statements of Satra Properties (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Satra Properties (India) is 27AAACE1835C2Z4, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Satra Properties (India) is L65910MH1983PLC030083. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satra Properties (India) is recorded as a listed company by MCA, but its shares were delisted from BSE on 24 Mar 2026 · voluntary delisting, and no longer trade on a stock exchange.
Satra Properties (India) has 242 court cases on record: 128 filed by the company and 115 filed against it. 127 are pending. Most are in the district courts.
Satra Properties (India) was incorporated on 30 May 1983, making it 43+ years old. It is registered with the Registrar of Companies, Mumbai.
Satra Properties (India) has 7 deals on record (7 market trades); the latest was in November 2021.
The peers of Satra Properties (India) by revenue are Rai Residency Private Limited, Bengal Nri Complex Ltd, Vishranthi Homes Private Limited, Vijay Jindal Builders Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Jignesh Pravinchandra Shah was appointed as Director on 26 Jul 2024. Kamlesh Babubhai Limbachiya ceased to be Director on 26 Jul 2024. Manish Rameshchandra Jakhmola ceased to be CFO on 26 Jul 2024. Satra Properties (India) has 35 board changes on record in total.