About Shapoorji Pallonji Development Managers Private Limited
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Shapoorji Pallonji Development Managers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2008PTC177792. Its GSTIN is 27AABCL4300Q1ZE (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Lucrative Properties Private Limited. It is led by directors including Venkatesh Gopalkrishan and Saureen Bharat Desai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sp Centre 41/44 Minoo Desai Marg, Colaba Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.55 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹14.51 Cr (net margin -61.6%) and EBITDA of -₹1.78 Cr (EBITDA margin -7.5%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 24% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹1,348 Cr and satisfied charges of ₹2,405 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 3 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Lakh; the latest was in April 2008. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 86 overdue payments to 17 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shapoorji.in.
Company details
Contact details
Shapoorji Pallonji Development Managers Private Limited's registered office is in Mumbai, Maharashtra. Its website is shapoorji.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSp Centre 41/44 Minoo Desai Marg, Colaba Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Shapoorji Pallonji Development Managers 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 Shapoorji Pallonji Development Managers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Financials of Shapoorji Pallonji Development Managers Private Limited
FY 2024 filings availableShapoorji Pallonji Development Managers Private Limited reported revenue of ₹23.55 Cr (down 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 57% fall in the latest year. EBITDA rose 96% 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 | -₹1.78 Cr | ||||
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| Net Profit (PAT) | -₹14.51 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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| Profitability | |||||
| EBITDA Margin | -7.5% | ||||
| Net Profit Margin | -61.6% | ||||
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To see the full financial statements and ratios of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Board of directors of Shapoorji Pallonji Development Managers Private Limited
Shapoorji Pallonji Development Managers has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatesh Gopalkrishan Also directs: Pravahan Ventures LLP, Relationship Properties Private Limited, Shapoorji Pallonji Real Estate Private Limited and 5 more | Director | 24 Nov 2015 | 10 Years 11 Months | Current |
| Saureen Bharat Desai Also directs: Shapoorji Pallonji Real Estate Private Limited, Precaution Properties Private Limited, Awesome Space Creations LLP and 5 more | Director | 04 Sep 2023 | 3 Years 2 Months | Current |
| Muralidharan Raghuraman | Director | 04 Dec 2023 | 2 Years 11 Months | Current |
Auditor
Shapoorji Pallonji Development Managers Private Limited is audited by JAIN JAGAWAT KAMDAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN JAGAWAT KAMDAR & CO | FY 2023 | 122530W |
Shareholding
The shareholding of Shapoorji Pallonji Development Managers Private 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 Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2024 | 100992992 | Idbi Trusteeship Services Limited | ₹380 Cr | Open | |
| 03 Oct 2023 | 100927319 | Idbi Trusteeship Services Limited | ₹380 Cr | Open | |
| 15 Feb 2022 | 100550716 | Idbi Trusteeship Services Limited | ₹250 Cr | Open | |
| 06 Nov 2020 | 100384999 | Others | ₹25 Cr | Open | |
| 21 Aug 2019 | 100294815 | Others | ₹75 Cr | Open |
To see the full charge records of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Shapoorji Pallonji Development Managers Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Lakh; the latest was in April 2008.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji and Company Private Limited Seller: 2 individuals |
| Mar 2008 | Funding round | ₹5 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shapoorji Pallonji Development Managers Private Limited has 13 court cases on record: 7 filed by Shapoorji Pallonji Development Managers, 6 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 4 | 3 |
| Supreme Court | 2 | 2 | 0 |
| District courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PNB Housing Finance Ltd. | Pending |
| High Court | Court case (CPCD) | Filed by the company against Rock Spaces Private Limited and 9 others | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Grand Vacations Private Limited | Disposed |
| Bombay High Court | Court case (CHSCD) | Filed by the company against And Rock Spaces Pvt.Ltd and 1 other | Disposed |
| Bombay High Court | Court case (CARBP) | Filed against the company by Shapoorji Pallonji Investment Advisors Pvt. Ltd. and Anr. | Disposed |
To see the full case history of Shapoorji Pallonji Development Managers 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
Shapoorji Pallonji Development Managers Private Limited has 10 MSME Form 1 returns on record between 2019 and 2023, listing 86 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Jain Jagawat Kamdar & Co | |||
| Magnamious Systems Private Limited | |||
| Logix Infosecurity Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Shapoorji Pallonji Development Managers has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Jaykali Developers Private Limited | U45400MH2010PTC210326 | |
| Stonebricks Property Development Private Limited | U45500MH2018PTC310287 | |
| Behold Space Developers Private Limited | U70102MH2008PTC180081 |
To see the full group structure of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
GST
Shapoorji Pallonji Development Managers has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL4300Q1ZE | Maharashtra | Active | 01 Jul 2017 |
| 06AABCL4300Q1ZI | Haryana | Active | 20 Apr 2018 |
| 29AABCL4300Q1ZA | Karnataka | Active | 23 Sep 2020 |
To see the full GST registrations and return filing status of Shapoorji Pallonji Development Managers Private Limited, buy the company report.
Recent activity
Shapoorji Pallonji Development Managers Private Limited has 18 board changes on record since 2008: 3 appointments and 15 cessations. The latest: Muralidharan Raghuraman ceased to be Additional Director on 29 Sep 2024.
33 earlier events are in the company report.
News
Frequently asked questions
Shapoorji Pallonji Development Managers is an active 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 14 January 2008 (18+ years old) and is registered under CIN U70102MH2008PTC177792.
Shapoorji Pallonji Development Managers has 3 current directors:
- Venkatesh Gopalkrishan - Director
- Saureen Bharat Desai - Director
- Muralidharan Raghuraman - Director
The latest financial statements of Shapoorji Pallonji Development Managers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shapoorji Pallonji Development Managers is 27AABCL4300Q1ZE, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 06AABCL4300Q1ZI (Haryana), 29AABCL4300Q1ZA (Karnataka).
The CIN (Corporate Identification Number) of Shapoorji Pallonji Development Managers is U70102MH2008PTC177792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shapoorji Pallonji Development Managers has 13 court cases on record: 7 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.
Shapoorji Pallonji Development Managers was incorporated on 14 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Shapoorji Pallonji Development Managers has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹5 Lakh; the latest was in April 2008.
Muralidharan Raghuraman ceased to be Additional Director on 29 Sep 2024. Muralidharan Raghuraman was appointed as Director on 04 Dec 2023. Parikshit Pushpakant Pawar ceased to be Additional Director on 29 Sep 2023. Shapoorji Pallonji Development Managers has 18 board changes on record in total.
Shapoorji Pallonji Development Managers has 10 MSME Form 1 returns on record between 2019 and 2023, listing 86 overdue payments to 17 micro and small suppliers. The latest return was filed on 06 Dec 2023.
Shapoorji Pallonji Development Managers can be reached through the website shapoorji.in. Its registered office is in Mumbai, Maharashtra, India.
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