Sethi Developers Limited
About Sethi Developers Limited
Data last updated:
Sethi Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the building construction segment of the construction sector. It was incorporated on 26 May 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1992PLC066934. Its GSTIN is 27AAACJ0875B1ZW (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹17.25 Lakh. It is led by directors including Rajpal Sethi and Vineet Rajpal Sethi.
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 102 Pals 1st Floor 1st Road T.P.S. IV Bandra (West), Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹60.21 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹34.2 Lakh (net margin 56.8%) and EBITDA of ₹48.93 Lakh (EBITDA margin 81.3%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address102 Pals 1st Floor 1st Road T.P.S. IV Bandra (West), Mumbai, Maharashtra, India – 400050
- IndustryConstruction, Buildings
- 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 Sethi Developers Limited
The main business activity of Sethi Developers is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | 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 Sethi Developers Limited FY 2025 filings available
Sethi Developers Limited reported revenue of ₹60.21 Lakh (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sethi Developers Limited
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 4% 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 Sethi 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 | ₹48.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹34.2 Lakh | •••• | •••• | •••• | •••• |
| 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 Sethi Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 56.8% | •••• | •••• | •••• | •••• |
| 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 Sethi 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.
Peer Comparison of Sethi Developers Limited
Sethi Developers Limited is compared with the companies closest to it by revenue in the same principal business activity (Construction of buildings). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Regency Express Builders Private Ltd | ₹60.34 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Hi-Tech Ultra Homes Private Limited | ₹60.32 Lakh (FY 2025) | •••• | •••• | 373.0% | •••• | Navi Mumbai, Maharashtra, India |
| Balaji S.K. Builders Private Limited | ₹60.3 Lakh (FY 2025) | •••• | •••• | -90.0% | •••• | Delhi, India |
| Metre Infratech Private Limited | ₹60.29 Lakh (FY 2025) | •••• | •••• | -71.0% | •••• | Thane, Maharashtra, India |
| Talan Constructions Private Limited | ₹60.25 Lakh (FY 2025) | •••• | •••• | -67.0% | •••• | Khurja, Uttar Pradesh, India |
| Sethi Developers Limited this company | ₹60.21 Lakh (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Havin Infra Structures Private Limited | ₹60.12 Lakh (FY 2025) | •••• | •••• | -28.0% | •••• | Kumbakonam, Tamil Nadu, India |
| Chaitra Projects Limited | ₹60.1 Lakh (FY 2024) | •••• | •••• | -72.0% | •••• | Mumbai, Maharashtra, India |
| Mylaar Developers Private Limited | ₹60.07 Lakh (FY 2025) | •••• | •••• | -11.0% | •••• | Arsikere, Karnataka, India |
| Kastor Woods Private Limited | ₹60.04 Lakh (FY 2023) | •••• | •••• | -62.0% | •••• | Kolkata, West Bengal, India |
| Aranmanai Infrastructure Private Limited | ₹60.01 Lakh (FY 2024) | •••• | •••• | 1823.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Sethi Developers by revenue in the same principal business activity (Construction of buildings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sethi Developers Limited
Sethi Developers Limited is audited by Dinesh Tibarewala & Associates for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Dinesh Tibarewala & Associates | 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 Sethi Developers Limited
Sethi Developers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajpal Sethi | Director | 20 Oct 2003 | 22 Years 11 Months | Current |
| Vineet Rajpal Sethi | Director | 20 Oct 2003 | 22 Years 11 Months | Current |
| Satpal Singh Sethi | Director | 20 Oct 2003 | 22 Years 11 Months | Current |
Ownership and Shareholding of Sethi 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 Sethi Developers Limited
Sethi Developers Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sethi Developers Limited
Employment history and EPFO contributions of people linked to Sethi Developers.
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.
Recent Activity on Sethi Developers Limited
Sethi Developers Limited has 6 board changes on record since 2003: 4 appointments and 2 cessations. The latest: Veer Sethi ceased to be Additional Director on 30 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Sethi 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 Sethi 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 Sethi 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 Sethi Developers Limited
Sethi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACJ0875B1ZW | Maharashtra | 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 Sethi 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 Sethi Developers Limited
Sethi Developers is an active public limited company based in Mumbai, Maharashtra, India. The company works in buildings, within the construction industry. It was incorporated on 26 May 1992 (34+ years old) and is registered under CIN U74140MH1992PLC066934.
Sethi Developers reported revenue of ₹60.21 Lakh for FY 2025 (up 5% YoY).
Sethi Developers has 3 current directors:
- Rajpal Sethi - Director
- Vineet Rajpal Sethi - Director
- Satpal Singh Sethi - Director
Sethi Developers reported a net profit of ₹34.2 Lakh (net margin 56.8%) and EBITDA of ₹48.93 Lakh (EBITDA margin 81.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sethi Developers is 3% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 5%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sethi Developers is 27AAACJ0875B1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sethi Developers is U74140MH1992PLC066934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethi Developers was incorporated on 26 May 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sethi Developers by revenue are Regency Express Builders Private Ltd, Hi-Tech Ultra Homes Private Limited, Balaji S.K. Builders Private Limited, Metre Infratech Private Limited, Talan Constructions Private Limited and 5 more, all in the same principal business activity (Construction of buildings).
Veer Sethi ceased to be Additional Director on 30 Sep 2022. Veer Sethi was appointed as Director on 17 Aug 2022. Harinder Sethi ceased to be Director on 03 Jan 2013. Sethi Developers has 6 board changes on record in total.
The registered office of Sethi Developers is at 102 Pals 1st Floor 1st Road T.P.S. IV Bandra West, Mumbai, Maharashtra, India – 400050.