About Satyam Developers Limited
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Satyam Developers Limited is a public limited company based in Ahmedabad, 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 Ahmedabad, 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 40 cases involving the company, including 12 filed by the company and 28 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.
Company details
CIN history
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 |
Contact details
Satyam Developers Limited's registered office is in Ahmedabad, Gujarat. Its website is satyamdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address604/A Sun Orbit, B/H Rajpath Club Road, Ahmedabad, Gujarat, India – 380054
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Satyam Developers 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 Satyam Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Satyam Developers Limited, buy the company report.
Financials of Satyam Developers Limited
FY 2025 filings availableSatyam Developers Limited reported revenue of ₹63.73 Cr (up 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹8.53 Cr | ||||
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| Net Profit (PAT) | -₹9.34 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -13.4% | ||||
| Net Profit Margin | -14.7% | ||||
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To see the full financial statements and ratios of Satyam Developers Limited, buy the company report.
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 8 Months | Current |
| Nitaben Vyomeshbhai Patel | Director | 27 Mar 2025 | 1 Years 6 Months | Current |
Auditor
Satyam Developers Limited is audited by B. H MANGAROLIA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. H MANGAROLIA & CO. | FY 2022 | 105972W |
Shareholding
The shareholding of Satyam Developers Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Satyam Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Aug 2023 | 100802867 | Others | ₹70 Cr | Open | |
| 20 May 2000 | 90110149 | Co-Operative Bank of Ahmedabad Ltd. | ₹5 Lakh | Open | |
| 05 Mar 2021 | 100424341 | Tata Capital Housing Finance Limited | ₹80 Cr | Satisfied | |
| 21 Apr 2018 | 100180023 | Others | ₹67 Cr | Satisfied | |
| 30 Mar 2017 | 100094522 | State Bank of India | ₹28 Cr | Satisfied |
To see the full charge records of Satyam Developers Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
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 |
To see the full deal history of Satyam Developers 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
Satyam Developers Limited has 40 court cases on record: 12 filed by Satyam Developers, 28 filed against it. 25 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 27 | 23 |
| High courts | 7 | 1 | 2 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Ugro Capital Limited | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by DCB Bank Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by DCM Shriram Limited | Pending |
| District court, South, Delhi | Cheque dishonour complaint | Filed against the company by Hero Fincorp Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Auxilo Finserve Pvt Ltd | Pending |
To see the full case history of Satyam Developers 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.
Credit ratings & regulatory alerts
Satyam Developers Limited was last rated by Indiarating on 27 Nov 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 27 Nov 2018 |
To see the full credit ratings and regulatory alerts of Satyam Developers Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Satyam Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Satyam Developers Limited has a workforce of 16 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Satyam Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCS9247C1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Satyam Developers Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
Satyam Developers is an active public limited company based in Ahmedabad, 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 has 4 current directors:
- Joy Vyomesh Patel - Director
- Vinodrai Premjibhai Bhimani - Director
- Vyomesh Vinodrai Patel - Director
- Nitaben Vyomeshbhai Patel - Director
The latest financial statements of Satyam Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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 40 court cases on record: 12 filed by the company and 28 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.
Nitaben Vyomeshbhai Patel ceased to be Additional Director on 29 Sep 2025. Dhaval Pankajbhai Bhimani ceased to be Additional Director on 27 Mar 2025. Nitaben Vyomeshbhai Patel was appointed as Director on 27 Mar 2025. Satyam Developers has 12 board changes on record in total.
Satyam Developers can be reached through the website satyamdevelopers.com. Its registered office is in Ahmedabad, Gujarat, India.