MD Development Private Limited
About MD Development Private Limited
Data last updated:
MD Development Private Limited is a private limited company based in Mumbai, Maharashtra, India. 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 07 May 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2007PTC170644. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Ms Buildout Private Limited and Sm Buildout Private Limited. It is led by directors including Sandeep Kumar Agrawal (Irp/Rp/Liquidator) and Mukesh Keshavlal Chauhan.
Its last annual general meeting (AGM) was held on 08 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at F 89 Prime Mall Irla Society Road Vile Parle (West), Mumbai, Maharashtra, India – 400056.
As per the financials filed for FY 2020, the company reported a revenue of ₹7.32 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.07 Cr (net margin 14.7%) and EBITDA of ₹1.64 Cr (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 414% over three years and 13% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1 Lakh and satisfied charges of ₹10 Cr on record. Court records list 18 cases involving the company, including 18 filed against it; 3 cases are pending.
Company details
Name history
MD Development has undergone 3 name changes throughout its history. The company was previously known as Ms Buildout Private Limited, Sm Buildout Private Limited, and Satra Property Development Private Limited. The current legal name is Md Development Private Limited.
| Company Name | Status |
|---|---|
| MD Development Private Limited | Current |
| Ms Buildout Private Limited | Previous |
| Sm Buildout Private Limited | Previous |
| Satra Property Development Private Limited | Previous |
Contact details
MD Development Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressF 89 Prime Mall Irla Society Road Vile Parle (West), Mumbai, Maharashtra, India – 400056
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of MD Development 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
Financials of MD Development Private Limited
FY 2020 filings availableMD Development Private Limited reported revenue of ₹7.32 Cr (up 7107% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA rose 123% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.64 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.07 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | ||||
| Net Profit Margin | 14.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MD Development Private Limited, buy the company report.
Board of directors of MD Development Private Limited
MD Development has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Agrawal | Irp/Rp/Liquidator | 24 Jul 2023 | 3 Years 3 Months | As last reported |
| Mukesh Keshavlal Chauhan | Director | 27 Nov 2021 | 4 Years 11 Months | As last reported |
| Manoj Hasmukhlal Doshi | Director | 26 Jun 2019 | 7 Years 4 Months | As last reported |
Peer comparison
MD Development Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ipm Infratech Private Limited | ₹7.32 Cr (FY 2025) | 1.0% | Ghaziabad, Uttar Pradesh, India | |||
| Eastside Business Park Private Limited | ₹7.32 Cr (FY 2025) | 813600.0% | Pune, Maharashtra, India | |||
| Brahmaputra Automobiles Private Limited | ₹7.32 Cr (FY 2025) | -8.0% | Guwahati, Assam, India | |||
| Proinfratech Interiors Private Limited | ₹7.32 Cr (FY 2025) | 40.0% | Palghar, Maharashtra, India | |||
| Icon Global Trade Alliance Private Limited | ₹7.32 Cr (FY 2025) | 46.0% | Chennai, Tamil Nadu, India | |||
| MD Development Private Limitedthis company | ₹7.32 Cr (FY 2020) | ₹1.07 Cr | 14.7% | 7107.0% | 1 | Mumbai, Maharashtra, India |
| Pearlite Real Properties Private Limited | ₹7.32 Cr (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Chowdhury Estate Pvt Ltd | ₹7.32 Cr (FY 2024) | 42.0% | Kolkata, West Bengal, India | |||
| Cliffton Infrastructure Private Limited | ₹7.31 Cr (FY 2024) | -14.0% | Erode, Tamil Nadu, India | |||
| Gupta Land Developers Private Limited | ₹7.31 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Ric Infracon Private Limited | ₹7.31 Cr (FY 2025) | 1215.0% | Jajpur Road, Odisha, India |
To see the full peer comparison of MD Development Private Limited, buy the company report.
Auditor
MD Development 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 MD Development Private 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of MD Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2013 | 10413274 | Syndicate Bank | ₹1 Lakh | Open | |
| 05 Jan 2012 | 10329222 | The Greater Bombay Co-Operative Bank Limited | ₹5 Cr | Satisfied | |
| 19 Nov 2009 | 10188418 | Punjab National Bank | ₹5 Cr | Satisfied |
To see the full charge records of MD Development Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
MD Development Private Limited has 18 court cases on record: 18 filed against it. 3 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 2 |
| High courts | 4 | 4 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by M/S GRD Steel Industries Pvt. Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S GRD Steel Industries Pvt. Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S Eliza Finvest Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Lafarge Aggregates and Concrete India Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Venilaxmi Import and Export Ltd. | Disposed |
To see the full case history of MD Development 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 MD Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MD Development Private Limited has a workforce of 1 employees on its EPFO records as of Mar 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 1 |
| FY 2017-18 |
To see the full employee and EPFO history of MD Development Private Limited, buy the company report.
GST
MD Development has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MD Development Private Limited, buy the company report.
Recent activity
MD Development Private Limited has 10 board changes on record since 2011: 3 appointments and 7 cessations. The latest: Sandeep Kumar Agrawal was appointed as Irp/Rp/Liquidator on 24 Jul 2023.
7 earlier events are in the company report.
Frequently asked questions
MD Development 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.
MD Development 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 07 May 2007 and is registered under CIN U45200MH2007PTC170644. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
MD Development has 3 current directors:
- Mukesh Keshavlal Chauhan - Director
- Manoj Hasmukhlal Doshi - Director
- Sandeep Kumar Agrawal - Irp/Rp/Liquidator
The latest financial statements of MD Development on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 08 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of MD Development is U45200MH2007PTC170644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MD Development has open charges of ₹1 Lakh and satisfied charges of ₹10 Cr as per latest MCA filings.
MD Development has 18 court cases on record: 18 filed against it. 3 are pending. Most are in the district courts.
MD Development was incorporated on 07 May 2007. It is registered with the Registrar of Companies, Mumbai.
The peers of MD Development by revenue are Ipm Infratech Private Limited, Eastside Business Park Private Limited, Brahmaputra Automobiles Private Limited, Proinfratech Interiors Private Limited, Icon Global Trade Alliance Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Sandeep Kumar Agrawal was appointed as Irp/Rp/Liquidator on 24 Jul 2023. Mukesh Keshavlal Chauhan was appointed as Director on 27 Nov 2021. Mukesh Narpar Shah ceased to be Director on 27 Nov 2021. MD Development has 10 board changes on record in total.
The registered office of MD Development is at F 89 Prime Mall Irla Society Road Vile Parle West, Mumbai, Maharashtra, India – 400056.
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