About Sheth Homes Private Limited
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Sheth Homes 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 19 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2011PTC224136. Its GSTIN is 27AAQCS6310J1Z0 (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹25 Cr. It is led by directors Ashok Mallayya Adep and Ashwin Natwarlal Sheth.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.16 Lakh, a decline of 85% compared to the previous year. For the same year it recorded a net loss of ₹13.81 Lakh (net margin -76%) and EBITDA of -₹1.13 Lakh (EBITDA margin -6.2%).
As per MCA filings, the company has open charges of ₹215.05 Cr and satisfied charges of ₹150 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 6 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 shethdevelopers.com.
Company details
Contact details
Sheth Homes Private Limited's registered office is in Mumbai, Maharashtra. Its website is shethdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Prius Infinity Paranjape B Scheme, Subhash Road, Mumbai, Maharashtra, India – 400057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sheth Homes 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
Financials of Sheth Homes Private Limited
FY 2025 filings availableSheth Homes Private Limited reported revenue of ₹18.16 Lakh (down 85% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 85% in the latest year. EBITDA fell 101% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.13 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹13.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.2% | ||||
| Net Profit Margin | -76% | ||||
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To see the full financial statements and ratios of Sheth Homes Private Limited, buy the company report.
Board of directors of Sheth Homes Private Limited
Sheth Homes has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Mallayya Adep Also directs: Sheth Dream Projects LLP, Sheth Homes Spaces Private Limited, Sheth Homes Avenue Private Limited and 5 more | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Ashwin Natwarlal Sheth Also directs: Lohitka Properties LLP, Sheth Dream Projects LLP, Sheth Homes Spaces Private Limited and 5 more | Director | 08 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Sheth Homes Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Immortal Infrastructure Private Limited | ₹18.16 Lakh (FY 2022) | -38.0% | Nashik, Maharashtra, India | |||
| Sheth Homes Private Limitedthis company | ₹18.16 Lakh (FY 2024) | -₹13.81 Lakh | -76% | -85.0% | Mumbai, Maharashtra, India | |
| Blue Diamond Buildcon Private Limited | ₹18.15 Lakh (FY 2025) | Jaipur, Rajasthan, India | ||||
| City Mall Project and Infrastructures Private Limited | ₹18.15 Lakh (FY 2025) | -1.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Sheth Homes Private Limited, buy the company report.
Auditor
Sheth Homes Private Limited is audited by Haresh Bhanushali & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Haresh Bhanushali & Associates | FY 2023 | 0130877W |
Shareholding
The shareholding of Sheth Homes 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 Homes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2025 | 101170134 | Others | ₹50 Cr | Open | |
| 13 Mar 2025 | 101082594 | Others | ₹5.1 Lakh | Open | |
| 15 Jan 2025 | 101029418 | Idbi Trusteeship Services Limited | ₹165 Cr | Open | |
| 20 Jun 2024 | 100944911 | Others | ₹130 Cr | Satisfied | |
| 20 Jun 2024 | 100945198 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Sheth Homes Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Sheth Homes Private Limited has 8 court cases on record: 3 filed by Sheth Homes, 5 filed against it. 6 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 4 |
| District courts | 2 | 2 | 2 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Bombay Slum Redevelopment Corporation Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Bombay Slum Redevelopment Corporation Private Limited | Disposed |
| High Court | Court case (CARBP) | Filed by the company against Acerock Construction LLP and 2 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Bombay High Court | Commercial suit | Filed against the company by an individual | Pending |
To see the full case history of Sheth Homes 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
No delayed payments to MSME suppliers are on our record for Sheth Homes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sheth Homes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS6310J1Z0 | Maharashtra | Active | 21 Sep 2022 |
To see the full GST registrations and return filing status of Sheth Homes Private Limited, buy the company report.
Recent activity
Sheth Homes Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Ashok Mallayya Adep was appointed as Director on 30 Sep 2024.
4 earlier events are in the company report.
Frequently asked questions
Sheth Homes 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 19 November 2011 (15+ years old) and is registered under CIN U45400MH2011PTC224136.
Sheth Homes has 2 current directors:
- Ashok Mallayya Adep - Director
- Ashwin Natwarlal Sheth - Director
The latest financial statements of Sheth Homes 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 Sheth Homes is 27AAQCS6310J1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sheth Homes is U45400MH2011PTC224136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sheth Homes has 8 court cases on record: 3 filed by the company and 5 filed against it. 6 are pending. Most are in the high courts.
Sheth Homes was incorporated on 19 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Sheth Homes by revenue are Immortal Infrastructure Private Limited, Blue Diamond Buildcon Private Limited, City Mall Project and Infrastructures Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ashok Mallayya Adep was appointed as Director on 30 Sep 2024. Rajendra Chandrasinh Bajaria ceased to be Additional Director on 30 Nov 2021. Ashwin Natwarlal Sheth was appointed as Director on 08 Apr 2021. Sheth Homes has 6 board changes on record in total.
Sheth Homes can be reached through the website shethdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sheth Homes is at 3rd Floor Prius Infinity Paranjape B Scheme, Subhash Road, Mumbai, Maharashtra, India – 400057.