About Sheth Corp Private Limited
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Sheth Corp Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2010PTC207316. Its GSTIN is 27AAOCS8862R1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Etheria Developers Private Limited. It is led by directors including Ashwin Natwarlal Sheth and Chintan Ashwin Sheth.
Its last annual general meeting (AGM) was held on 30 May 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.18 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹9.43 Cr (net margin 66.5%) and EBITDA of ₹9.79 Cr (EBITDA margin 69.1%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 4% over five years.
The company has about 39 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Sheth Developers Pvt and Sheth Corp. As per MCA filings, the company has open charges of ₹455.05 Cr and satisfied charges of ₹524.55 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shethcorp.com.
Company details
Contact details
Sheth Corp Private Limited's registered office is in Mumbai, Maharashtra. Its website is shethcorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3rd Floor Prius Infinity Paranjape B Scheme, Subhash Road Vile Parle (East), Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sheth Corp 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
Brands
Sheth Corp operates two associated brands: Sheth Developers Pvt and Sheth Corp. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops luxury residential and commercial properties in India. | ashwinshethgroup.com | |
| Potato farming, grain marketing, and equipment services are conducted in Maine. | shethcorp.com |
Financials of Sheth Corp Private Limited
FY 2023 filings availableSheth Corp Private Limited reported revenue of ₹14.18 Cr (up 47% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 47% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 213% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹14.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.43 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.1% | ||||
| Net Profit Margin | 66.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Sheth Corp Private Limited, buy the company report.
Board of directors of Sheth Corp Private Limited
Sheth Corp has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Natwarlal Sheth Also directs: Lohitka Properties LLP, Sheth Dream Projects LLP, Sheth Homes Spaces Private Limited and 5 more | Director | 01 Nov 2017 | 8 Years 11 Months | Current |
| Chintan Ashwin Sheth Also directs: Lohitka Properties LLP, Sheth Realty (India) Private Limited, Viviana Malls Private Limited and 5 more | Director | 01 Nov 2017 | 8 Years 11 Months | Current |
| Maulik Ashwin Sheth Also directs: Lohitka Properties LLP, Sheth Realty (India) Private Limited, Viviana Malls Private Limited and 5 more | Director | 01 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Sheth Corp Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rudhra Constructions Private Limited | ₹14.19 Cr (FY 2024) | 14.0% | Hyderabad, Telangana, India | |||
| Sheth Corp Private Limitedthis company | ₹14.18 Cr (FY 2023) | ₹9.43 Cr | 66.5% | 47.0% | 39 | Mumbai, Maharashtra, India |
| Parker Estate Developers Private Limited | ₹14.18 Cr (FY 2025) | -8.0% | Delhi, India | |||
| Ace Build Private Limited | ₹14.18 Cr (FY 2024) | -15.0% | Chandigarh, India | |||
| Ihc Infra Build Private Limited | ₹14.17 Cr (FY 2025) | 60.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Sheth Corp Private Limited, buy the company report.
Auditor
Sheth Corp Private Limited is audited by M. B. AGRAWAL & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. B. AGRAWAL & CO. | FY 2023 | 100137W |
Shareholding
The shareholding of Sheth Corp 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 Sheth Corp Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2021 | 100444624 | Idbi Trusteeship Services Limited | ₹55.05 Cr | Satisfied | |
| 04 Mar 2020 | 100332107 | Idbi Trusteeship Services Limited | ₹70 Cr | Satisfied | |
| 28 Sep 2017 | 100128777 | Idbi Trusteeship Services Limited | ₹330 Cr | Satisfied | |
| 07 Aug 2014 | 10534178 | Indiabulls Housing Finance Limited | ₹18 Cr | Satisfied | |
| 24 May 2012 | 10360195 | Indiabulls Financial Services Limited | ₹51.5 Cr | Satisfied |
To see the full charge records of Sheth Corp Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sheth Corp Private Limited has 9 court cases on record: 5 filed by Sheth Corp, 4 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 3 | 2 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary cases) | Filed against the company by Runwal Developers Pvt Ltd | Pending |
| Bombay High Court | Company petition | Filed against the company by M/S. Mega Infra and Trading Company Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by The Tata Power Company Ltd. | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by The Tata Power Company Ltd. | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against individuals | Pending |
To see the full case history of Sheth Corp 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
Sheth Corp Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Sheth Corp Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sheth Corp Private Limited has a workforce of 39 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Sheth Corp has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS8862R1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sheth Corp Private Limited, buy the company report.
Recent activity
Sheth Corp Private Limited has 11 board changes on record since 2010: 3 appointments and 8 cessations. The latest: Nalini Rajendra Bajaria ceased to be Additional Director on 15 Mar 2018.
14 earlier events are in the company report.
News
Frequently asked questions
Sheth Corp 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 31 August 2010 (16+ years old) and is registered under CIN U45400MH2010PTC207316.
Sheth Corp has 3 current directors:
- Ashwin Natwarlal Sheth - Director
- Chintan Ashwin Sheth - Director
- Maulik Ashwin Sheth - Director
The latest financial statements of Sheth Corp on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 May 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sheth Corp is 27AAOCS8862R1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sheth Corp is U45400MH2010PTC207316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheth Corp has 9 court cases on record: 5 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Sheth Corp was incorporated on 31 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sheth Corp by revenue are Rudhra Constructions Private Limited, Parker Estate Developers Private Limited, Ace Build Private Limited, Ihc Infra Build Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Nalini Rajendra Bajaria ceased to be Additional Director on 15 Mar 2018. Rajendra Chandrasinh Bajaria ceased to be Additional Director on 15 Mar 2018. Ashwin Natwarlal Sheth was appointed as Director on 01 Nov 2017. Sheth Corp has 11 board changes on record in total.
Sheth Corp has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 20 Jul 2019.
Sheth Corp can be reached through the website shethcorp.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sheth Corp is at 3rd Floor Prius Infinity Paranjape B Scheme, Subhash Road Vile Parle East, Mumbai, Maharashtra, India – 400057.