About Satyam Developers Limited
Data last updated:
Satyam Developers Limited is a public limited company based in Ahmadabad City, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2007PLC050008. Its GSTIN is 24AAKCS9247C1Z9 (Gujarat).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.49 Cr. It was formerly known as Satyam Developers Private Limited. It is led by directors including Joy Vyomesh Patel and Vinodrai Premjibhai Bhimani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmadabad City, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹63.73 Cr, a growth of 87% compared to the previous year. For the same year it recorded a net loss of ₹9.34 Cr (net margin -14.7%) and EBITDA of -₹8.53 Cr (EBITDA margin -13.4%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 32% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹70.05 Cr and satisfied charges of ₹338 Cr on record. Court records list 41 cases involving the company, including 12 filed by the company and 29 filed against it; 25 cases are pending. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹32.62 Cr; the latest was in March 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website satyamdevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address604/A Sun Orbit, B/H Rajpath Club Road, Ahmadabad City, Gujarat, India – 380054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Satyam Developers Limited
The main business activity of Satyam Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Satyam Developers Limited FY 2025 filings available
Satyam Developers Limited reported revenue of ₹63.73 Cr (up 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Satyam Developers Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 87% growth in the latest year. EBITDA fell 61% 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 of Satyam Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹8.53 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.34 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 of Satyam Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -13.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Satyam Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Satyam Developers Limited
Satyam Developers Limited is audited by B. H MANGAROLIA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. H MANGAROLIA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Satyam Developers Limited
Satyam Developers has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joy Vyomesh Patel Also directs: Sentossa Realty LLP, Satyam Sentossa Developers LLP, Satyam Developers (Gujarat) Private Limited and 3 more | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
| Vinodrai Premjibhai Bhimani | Director | 24 Dec 2019 | 6 Years 9 Months | Current |
| Vyomesh Vinodrai Patel | Director | 13 Feb 2007 | 19 Years 7 Months | Current |
| Nitaben Vyomeshbhai Patel | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Satyam Developers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Satyam Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Aug 2023 | Others | ₹70 Cr | Open |
| 20 May 2000 | Co-Operative Bank of Ahmedabad Ltd. | ₹5 Lakh | Open |
| 05 Mar 2021 | Tata Capital Housing Finance Limited | ₹80 Cr | Satisfied |
| 21 Apr 2018 | Others | ₹67 Cr | Satisfied |
| 30 Mar 2017 | State Bank of India | ₹28 Cr | Satisfied |
Total charge records: 10 View all charges
Deals & Funding of Satyam Developers Limited
Satyam Developers Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹32.62 Cr; the latest was in March 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Thirdeye Mercantile Private Limited |
| Mar 2012 | Funding round | ₹23.45 Cr | Investors: Thirdeye Mercantile Private Limited , Nilmani Merchants Private Limited |
| Dec 2010 | Funding round | ₹8.22 Cr | Investors: 4 individuals |
| Oct 2007 | Funding round | ₹95 Lakh | Investors: 3 individuals |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Satyam Developers Limited
Satyam Developers Limited has 41 court cases on record: 12 filed by Satyam Developers, 29 filed against it. 25 cases are pending and 16 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 34 | 28 | 23 |
| High courts | 7 | 1 | 2 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jhansi, Uttar Pradesh | Criminal case | Filed against the company by Shriram Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Auxilo Finserve Private Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by DCM Shriram Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by DCB Bank Limited | Pending |
Full case history
All 41 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Satyam Developers Limited
Satyam Developers Limited has a workforce of 16 employees as of Apr 02, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Satyam Developers Limited
Satyam Developers has one previous CIN (Corporate Identification Number): U45201GJ2007PTC050008. The current CIN is U45201GJ2007PLC050008, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201GJ2007PLC050008 | Current |
| U45201GJ2007PTC050008 | Previous |
Recent Activity on Satyam Developers Limited
Satyam Developers Limited has 12 board changes on record since 2007: 4 appointments and 8 cessations. The latest: Nitaben Vyomeshbhai Patel ceased to be Additional Director on 29 Sep 2025.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Satyam Developers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Satyam Developers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Satyam Developers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Satyam Developers Limited
Satyam Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS9247C1Z9 | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Satyam Developers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Satyam Developers Limited
Satyam Developers is an active public limited company based in Ahmadabad City, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 February 2007 (19+ years old) and is registered under CIN U45201GJ2007PLC050008.
Satyam Developers reported revenue of ₹63.73 Cr for FY 2025 (up 87% YoY).
Satyam Developers has 4 current directors:
- Joy Vyomesh Patel - Director
- Vinodrai Premjibhai Bhimani - Director
- Vyomesh Vinodrai Patel - Director
- Nitaben Vyomeshbhai Patel - Director
Satyam Developers reported a net loss of ₹9.34 Cr (net margin -14.7%) and EBITDA of -₹8.53 Cr (EBITDA margin -13.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Satyam Developers is 50% over three years and 32% over five years. In the latest year (FY 2025) revenue rose 87%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Satyam Developers is 24AAKCS9247C1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Satyam Developers is U45201GJ2007PLC050008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satyam Developers has 41 court cases on record: 12 filed by the company and 29 filed against it. 25 are pending. Most are in the district courts.
Satyam Developers was incorporated on 13 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Satyam Developers has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹32.62 Cr; the latest was in March 2020.