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About Sheth Developers & Realtors (India) Limited
Data last updated: 21 July 2025
Sheth Developers & Realtors (India) Limited was a public limited company based in Thane, Maharashtra, India, operated as a subsidiary of Salsette Developers Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It specialised in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 19 March 1993.
Registered with ROC Mumbai under CIN U29130MH1993PLC071231.
Capital: an authorised share capital of ₹62 Cr and a paid-up capital of ₹38.93 Cr. Formerly known as Henkel Switchgear Limited and Voltas Switchgears Limited. It was led by directors including Karim Kasimali Merchant and Ashwani Singh.
Last AGM: 04 July 2022. Financial statements filed for year ended 31 March 2022. Office: Viviana Mall Management Office Upper Basement Eastern Express Highway Thane (West), Maharashtra, India – 400606.
As per the financials filed for FY 2022, the company reported a revenue of ₹123.82 Cr, a growth of 18% compared to the previous year.
The company had a reported workforce of approximately 57 employees prior to being dissolved. It operated as a subsidiary of Salsette Developers Private Limited.
As per MCA filings, the company had satisfied charges of ₹2,073.81 Cr on record.
The company has been merged (amalgamated) with another entity and no longer exists separately. Business activities, if any, continue under the successor entity. The last known website on record is shethdevelopers.com.
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Registered AddressViviana Mall Management Office Upper Basement Eastern Express Highway Thane (West), Maharashtra, India – 400606
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited has undergone 2 name changes throughout its history. The company was previously known as Henkel Switchgear Limited, and Voltas Switchgears Limited. The current legal name is Sheth Developers & Realtors (India) Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Sheth Developers & Realtors (India) Limited | Current |
| Henkel Switchgear Limited | Previous |
| Voltas Switchgears Limited | Previous |
CIN History of Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited has one previous CIN (Corporate Identification Number): L29130MH1993PLC071231. The current CIN is U29130MH1993PLC071231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29130MH1993PLC071231 | Current |
| L29130MH1993PLC071231 | Previous |
Business Activity of Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited is engaged in the principal business activity of real estate, with detailed activities including real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details for Sheth Developers & Realtors (India) Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for Sheth Developers & Realtors (India) Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors and KMP of Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited currently reports 4 directors and 1 key managerial person. 24 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Karim Kasimali Merchant
Also directs:
Edgewood Advisory Ifsc Llp, Visapur Developers Private Limited, Salsette Developers Private Limited and 5 more
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Nominee Director | 10 Feb 2022 | 4 Years 7 Months | As last reported |
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Koshtishwaran Iyer
Also directs:
Visapur Developers Private Limited, Salsette Developers Private Limited, Kukatpally Developers Private Limited and 5 more
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Cfo | 30 Sep 2022 | 3 Years 11 Months | As last reported |
| Ashwani Singh | Director | 09 May 2022 | 4 Years 4 Months | As last reported |
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Deepak Jagwani
Also directs:
Kukatpally Developers Private Limited
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Director | 09 May 2022 | 4 Years 4 Months | As last reported |
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Ashwin Puri
Also directs:
Edgewood Advisory Ifsc Llp, Visapur Developers Private Limited, Salsette Developers Private Limited and 5 more
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Nominee Director | 10 Feb 2022 | 4 Years 7 Months | As last reported |
Financials of Sheth Developers & Realtors (India) Limited FY 2022 filings available
Sheth Developers & Realtors (India) Limited reported revenue of ₹123.82 Cr (up 18.00% YoY) for FY 2022.
Ten-year financial statements for Sheth Developers & Realtors (India) Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Sheth Developers & Realtors (India) Limited
Shareholding and ownership data for Sheth Developers & Realtors (India) Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings of Sheth Developers & Realtors (India) Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Mar 2022 | Axis Bank Limited | ₹1.2 Cr | Satisfied |
| 20 Jul 2019 | Axis Bank Limited | ₹10.65 Lakh | Satisfied |
| 17 Oct 2017 | Axis Bank Limited | ₹620 Cr | Satisfied |
| 01 Oct 2013 | State Bank of India | ₹557.5 Cr | Satisfied |
| 28 Feb 2013 | Indiabulls Housing Finance Limited | ₹60 Cr | Satisfied |
Total charge records: 11 View all charges
Employees and EPFO Compliance at Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited has a workforce of 57 employees as of Apr 08, 2024.
Employee and EPFO history for Sheth Developers & Realtors (India) Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Sheth Developers & Realtors (India) Limited
GST registrations and filing compliance for Sheth Developers & Realtors (India) Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Sheth Developers & Realtors (India) Limited
Credit ratings, litigation, and regulatory alerts for Sheth Developers & Realtors (India) Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Sheth Developers & Realtors (India) Limited
MSME payment history for Sheth Developers & Realtors (India) Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Sheth Developers & Realtors (India) Limited
Corporate group structure for Sheth Developers & Realtors (India) Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Sheth Developers & Realtors (India) Limited
MCA filings and documents for Sheth Developers & Realtors (India) Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Sheth Developers & Realtors (India) Limited
Frequently Asked Questions about Sheth Developers & Realtors (India) Limited
Sheth Developers & Realtors (India) Limited has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Sheth Developers & Realtors (India) Limited is a amalgamated public limited company in the real estate and construction sector based in Thane, Maharashtra, India. It was incorporated on 19 March 1993 and is registered under CIN U29130MH1993PLC071231. The company was amalgamated as per MCA records and no longer exists as a legal entity.
Sheth Developers & Realtors (India) Limited was incorporated on 19 March 1993. Registered with ROC Mumbai.
The current directors and KMP of Sheth Developers & Realtors (India) Limited are:
- Karim Kasimali Merchant - Nominee Director
- Koshtishwaran Iyer - Cfo
- Ashwani Singh - Director
- Deepak Jagwani - Director
- Ashwin Puri - Nominee Director
The CIN (Corporate Identification Number) of Sheth Developers & Realtors (India) Limited is U29130MH1993PLC071231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Sheth Developers & Realtors (India) Limited is real estate and construction. The company specifically operates in real estate builders and developers.