About Shivam Developers Private Limited
Data last updated:
Shivam Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 22 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PTC166443. Its GSTIN is 27AAKCS4397P1ZB (Maharashtra).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Rajendra Popat Ghanwat and Mahesh Sudam Ghanwat.
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 Sainath Compound S. No.214/217 Cts123A/2 Bandongari Malad East, Mumbai, Maharashtra, India – 400097.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.5 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹81.42 Lakh (net margin 32.5%) and EBITDA of ₹1.4 Cr (EBITDA margin 56%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 24% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7 Cr and satisfied charges of ₹18.74 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 1 case is 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 ghanwatgroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSainath Compound S. No.214/217 Cts123A/2 Bandongari Malad East, Mumbai, Maharashtra, India – 400097
- IndustryFinancial Services, Real Estate Financing
- 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 Shivam Developers Private Limited
The main business activity of Shivam Developers is real estate. In detail, this covers 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
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 Shivam Developers Private Limited FY 2024 filings available
Shivam Developers Private Limited reported revenue of ₹2.5 Cr (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Shivam Developers Private Limited
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 34% 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 Shivam Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹81.42 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 Shivam Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 56% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 32.5% | •••• | •••• | •••• | •••• |
| 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 Shivam 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 Shivam Developers Private Limited
Shivam Developers Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Builders and Developers, Real Estate Leasing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ashwa Infra-Con Private Limited | ₹2.51 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Ahmedabad, Gujarat, India |
| Narayan Das and Sons (Hotels) Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Bikaner, Rajasthan, India |
| Ilhas Infrastructure and Realty Private Limited | ₹2.51 Cr (FY 2025) | •••• | •••• | 2552.0% | •••• | Mapusa, Goa, India |
| Panacea Developers Private Limited | ₹2.51 Cr (FY 2024) | •••• | •••• | 126.0% | •••• | Mumbai, Maharashtra, India |
| Jade Landmarks Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Shivam Developers Private Limited this company | ₹2.5 Cr (FY 2024) | •••• | •••• | -46.0% | •••• | Mumbai, Maharashtra, India |
| BKTS Realtech Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Delhi, India |
| Akshayaguna Nirmanm Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Pune, Maharashtra, India |
| RSN Balaji Realtors Private Limited | ₹2.5 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | Mumbai, Maharashtra, India |
| Jay Parshwa Infrastructure Private Limited | ₹2.5 Cr (FY 2024) | •••• | •••• | 7014.0% | •••• | Bangalore, Karnataka, India |
| JSM Pro Infrateck Private Limited | ₹2.5 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Shivam Developers by revenue in the BFSI industry (Builders and Developers, Real Estate Leasing), 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 Shivam Developers Private Limited
Shivam Developers Private Limited is audited by CHOUGHULE RANADE & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHOUGHULE RANADE & 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 Shivam Developers Private Limited
Shivam Developers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Popat Ghanwat Also directs: Pandey Ghanwat Developers LLP, SRPL Housing LLP, Shivam Development Ventures LLP and 5 more | Director | 22 Dec 2006 | 19 Years 9 Months | Current |
| Mahesh Sudam Ghanwat | Additional Director | 14 Aug 2025 | 1 Years 1 Months | Current |
Ownership and Shareholding of Shivam Developers Private 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 Shivam Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jul 2025 | Others | ₹4 Cr | Open |
| 31 Oct 2022 | Others | ₹3 Cr | Open |
| 24 May 2022 | Others | ₹2.37 Cr | Satisfied |
| 29 Mar 2017 | Others | ₹10 Cr | Satisfied |
| 23 Aug 2016 | Others | ₹3.62 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Shivam Developers Private Limited
Shivam Developers Private Limited has 8 court cases on record: 8 filed by Shivam Developers. 1 case is pending and 7 are disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Shivam Developers Private Limited
Employment history and EPFO contributions of people linked to Shivam 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 Shivam Developers Private Limited
Shivam Developers Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Mahesh Sudam Ghanwat was appointed as Additional Director on 14 Aug 2025.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shivam Developers Private 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 Shivam Developers Private 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 Shivam Developers Private 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 Shivam Developers Private Limited
Shivam Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS4397P1ZB | 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 Shivam Developers Private 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 Shivam Developers Private Limited
Shivam Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 22 December 2006 (20+ years old) and is registered under CIN U45201MH2006PTC166443.
Shivam Developers reported revenue of ₹2.5 Cr for FY 2024 (down 46% YoY).
Shivam Developers has 2 current directors:
- Rajendra Popat Ghanwat - Director
- Mahesh Sudam Ghanwat - Additional Director
Shivam Developers reported a net profit of ₹81.42 Lakh (net margin 32.5%) and EBITDA of ₹1.4 Cr (EBITDA margin 56%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shivam Developers is -45% over three years and 24% over five years. In the latest year (FY 2024) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shivam Developers is 27AAKCS4397P1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shivam Developers is U45201MH2006PTC166443. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shivam Developers has 8 court cases on record: 8 filed by the company. 1 is pending.
Shivam Developers was incorporated on 22 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Shivam Developers by revenue are Ashwa Infra-Con Private Limited, Narayan Das and Sons (Hotels) Private Limited, Ilhas Infrastructure and Realty Private Limited, Panacea Developers Private Limited, Jade Landmarks Private Limited and 5 more, all in the BFSI industry (Builders and Developers, Real Estate Leasing).
Mahesh Sudam Ghanwat was appointed as Additional Director on 14 Aug 2025. Neelkanth Popat Ghanwat ceased to be Whole-Time Director on 28 Sep 2013. Popat Maruti Ghanwat was appointed as Director on 22 Dec 2006. Shivam Developers has 4 board changes on record in total.