About Satra Property Developers Private Limited
Data last updated:
Satra Property Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Satra Properties (India) Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 May 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2000PTC126260.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.6 Cr. It is led by directors including Rajen Vasant Dhruv and Jagdish Vadilal Shah.
Its last annual general meeting (AGM) was held on 28 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Upper Basement Link Corner Mall Off Linking Road Behind Kfc 24th &33rd Road Bandra (W), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.2 Cr, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹70.65 Cr and EBITDA of -₹70.15 Cr. Revenue has declined at a compounded annual rate (CAGR) of 32% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹79.06 Cr and satisfied charges of ₹112.3 Cr on record. Court records list 105 cases involving the company, including 1 filed by the company and 104 filed against it; 20 cases are pending.
The last known website on record is satraproperties.in.
Company details
Contact details
Satra Property Developers Private 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 AddressUpper Basement Link Corner Mall Off Linking Road Behind Kfc 24th &33rd Road Bandra (W), Mumbai, Maharashtra, India – 400050
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Satra Property 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
Business activity
The main business activity of Satra Property 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 Satra Property Developers Private Limited, buy the company report.
Financials of Satra Property Developers Private Limited
FY 2019 filings availableSatra Property Developers Private Limited reported revenue of ₹2.2 Cr (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 32% over three years, including a 98% fall in the latest year. EBITDA fell 181% 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 | ₹2.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹70.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹70.65 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Satra Property Developers Private Limited, buy the company report.
Board of directors of Satra Property Developers Private Limited
Satra Property Developers has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdish Vadilal Shah | Additional Director | 01 Nov 2018 | 8 Years 0 Months | As last reported |
| Narendra Kumar | Additional Director | 17 Mar 2020 | 6 Years 7 Months | As last reported |
| Hiren Vasantkumar Dhruv Also directs: Mid-City Projects LLP, Mid-City Landmarks LLP, Mid-City Infrastructure Private Limited and 2 more | Additional Director | 15 Nov 2019 | 6 Years 11 Months | As last reported |
| Jignesh Pravinchandra Shah Also directs: Satra Properties (India) Limited, Centrio Lifespaces Limited, Gangrel Amusement Park Limited Liability Partnership and 1 more | Additional Director | 01 Nov 2018 | 8 Years 0 Months | As last reported |
| Nitin Pravinbhai Shah Also directs: Satra Properties (India) Limited, Centrio Lifespaces Limited | Additional Director | 01 Nov 2018 | 8 Years 0 Months | As last reported |
| Rajen Vasant Dhruv Also directs: Mid-City Projects LLP, Mid-City Landmarks LLP, Primo Realtors Private Limited and 5 more | Director | 13 Sep 2019 | 7 Years 2 Months | As last reported |
Peer comparison
Satra Property Developers Private 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 |
|---|---|---|---|---|---|---|
| A R Infravision Private Limited | ₹2.2 Cr (FY 2024) | 58.0% | Udaipur, Rajasthan, India | |||
| Satra Property Developers Private Limitedthis company | ₹2.2 Cr (FY 2019) | -₹70.65 Cr | -98.0% | 1 | Mumbai, Maharashtra, India | |
| Iswaryalaxmi Properties Private Limited | ₹2.2 Cr (FY 2024) | 25.0% | Chennai, Tamil Nadu, India | |||
| Om Infrastructure and Services Private Limited | ₹2.2 Cr (FY 2025) | 407.0% | Sangli, Maharashtra, India | |||
| Prithvi - Shaurya Nirmitee India Private Limited | ₹2.2 Cr (FY 2025) | 39.0% | Pune, Maharashtra, India |
To see the full peer comparison of Satra Property Developers Private Limited, buy the company report.
Auditor
Satra Property Developers Private 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 Property Developers Private Limited is on record for 5 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 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Satra Property Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2016 | 10623172 | Others | ₹65 Cr | Open | |
| 09 Jul 2013 | 10438229 | Others | ₹10.21 Cr | Open | |
| 08 Feb 2011 | 10276537 | Allahabad Bank | ₹3.85 Cr | Open | |
| 24 Apr 2013 | 10429079 | Bmw India Financial Services Private Limited | ₹69 Lakh | Satisfied | |
| 27 Apr 2012 | 10360870 | Axis Bank Limited | ₹82 Lakh | Satisfied |
To see the full charge records of Satra Property Developers Private Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Satra Property Developers Private Limited has 105 court cases on record: 1 filed by Satra Property Developers, 104 filed against it. 20 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 85 | 84 | 14 |
| High courts | 18 | 18 | 6 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Firstwave Developers LLP | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Gajendra Investment Ltd. and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Lakadawala Developers Private Limited | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Exe.Appln.) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (SCNW) | Filed against the company by an individual | Pending |
To see the full case history of Satra Property 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 Satra Property Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Satra Property Developers Private Limited has a workforce of 1 employees on its EPFO records as of Mar 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 |
To see the full employee and EPFO history of Satra Property Developers Private Limited, buy the company report.
GST
No GST registration is on our record for Satra Property Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Satra Property Developers Private Limited has 24 board changes on record since 2007: 6 appointments and 18 cessations. The latest: Karim Hasanali Kalyani ceased to be Director on 31 Mar 2020.
53 earlier events are in the company report.
Frequently asked questions
Satra Property Developers is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Satra Property Developers is a company under insolvency, formerly operating as a 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 01 May 2000 and is registered under CIN U51900MH2000PTC126260. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Satra Property Developers has 6 current directors:
- Jagdish Vadilal Shah - Additional Director
- Narendra Kumar - Additional Director
- Hiren Vasantkumar Dhruv - Additional Director
- Jignesh Pravinchandra Shah - Additional Director
- Nitin Pravinbhai Shah - Additional Director
- Rajen Vasant Dhruv - Director
The latest financial statements of Satra Property Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 28 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Satra Property Developers is U51900MH2000PTC126260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satra Property Developers has open charges of ₹79.06 Cr and satisfied charges of ₹112.3 Cr as per latest MCA filings.
Satra Property Developers has 105 court cases on record: 1 filed by the company and 104 filed against it. 20 are pending. Most are in the district courts.
Satra Property Developers was incorporated on 01 May 2000. It is registered with the Registrar of Companies, Mumbai.
The peers of Satra Property Developers by revenue are A R Infravision Private Limited, Iswaryalaxmi Properties Private Limited, Om Infrastructure and Services Private Limited, Prithvi - Shaurya Nirmitee India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Karim Hasanali Kalyani ceased to be Director on 31 Mar 2020. Praful Nanji Satra ceased to be Director on 21 Mar 2020. Vishal Rasiklal Karia ceased to be Director on 21 Mar 2020. Satra Property Developers has 24 board changes on record in total.
Satra Property Developers can be reached through the website satraproperties.in. Its registered office is in Mumbai, Maharashtra, India.
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