About Shoden Developers Private Limited
Data last updated:
Shoden Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 10 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65100MH2008PTC184540. Its GSTIN is 27AAMCS2236F1ZC (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.12 Cr. It is led by directors including Neha Surendra Hiranandani and Harsh Surendra Hiranandani.
Its last annual general meeting (AGM) was held on 28 November 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 2025, the company reported a revenue of ₹190.49 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹26.9 Cr (net margin 14.1%) and EBITDA of ₹44.42 Cr (EBITDA margin 23.3%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 16% over five years.
The company has about 2,092 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹850.97 Cr and satisfied charges of ₹60.02 Lakh on record. Court records list 18 cases involving the company, including 3 filed by the company and 4 filed against it; 11 cases are pending. The company has 9 deals on record (4 rights issues, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹242.5 Cr; the latest was in November 2024. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Prozone Realty Limited with revenue of ₹191.22 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website houseofhiranandani.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Olympia, Central Avenue Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, Infrastructure Project Management
- 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 Shoden Developers Private Limited
The main business activities of Shoden Developers are real estate and professional, scientific and technical. In detail, this covers real estate activities with own or leased property and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.
| 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 |
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | 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 Shoden Developers Private Limited FY 2025 filings available
Shoden Developers Private Limited reported revenue of ₹190.49 Cr (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shoden Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 65% fall 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 Shoden Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| EBITDA | ₹44.42 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.9 Cr | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Shoden Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Shoden 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 Shoden Developers Private Limited
Shoden Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prozone Realty Limited Listed | ₹191.22 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Mumbai, Maharashtra, India |
| Infinity Infotech Parks Limited | ₹191.16 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Kolkata, West Bengal, India |
| Assotech Limited | ₹191.09 Cr (FY 2014) | •••• | •••• | •••• | Delhi, India | |
| Parmeka Private Limited | ₹191.02 Cr (FY 2016) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Rishita Developers Private Limited | ₹190.87 Cr (FY 2023) | •••• | •••• | 59.0% | •••• | Lucknow, Uttar Pradesh, India |
| Shoden Developers Private Limited this company | ₹190.49 Cr (FY 2025) | •••• | •••• | -65.0% | •••• | Mumbai, Maharashtra, India |
| Akshaya Private Limited | ₹190.46 Cr (FY 2025) | •••• | •••• | 106.0% | •••• | Chennai, Tamil Nadu, India |
| Raidurgam Developers Limited | ₹189.71 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Hyderabad, Telangana, India |
| G Corp Homes Private Limited | ₹189.66 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Bangalore, Karnataka, India |
| Nirmal Lifestyle Holding Private Limited | ₹189.11 Cr (FY 2016) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Nirmal Lifestyle Limited | ₹189.11 Cr (FY 2016) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Shoden Developers by revenue in the Real Estate industry (Builders and Developers), 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 Shoden Developers Private Limited
Shoden Developers Private Limited is audited by Chaturvedi & Shah LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chaturvedi & Shah LLP | 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 Shoden Developers Private Limited
Shoden Developers has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Surendra Hiranandani Also directs: Eternia Developers LLP, Penrose Constructions LLP, Poseidon Communications LLP and 5 more | Director | 10 Jul 2008 | 18 Years 2 Months | Current |
| Harsh Surendra Hiranandani Also directs: Eternia Developers LLP, Penrose Constructions LLP, Poseidon Communications LLP and 5 more | Director | 28 Nov 2016 | 9 Years 10 Months | Current |
| Alka Bhatia Hiranandani Also directs: Deogad Horticulture and Industries LLP, Hemangi Agro LLP, Sahyandri Hill Plantations LLP and 5 more | Director | 15 Dec 2018 | 7 Years 9 Months | Current |
| Bal Krishna Chaturvedi Also directs: Antevorta Developers Private Limited, Hiranandani Projects Private Limited, Dosojin Property Services Private Limited and 5 more | Director | 01 Nov 2017 | 8 Years 11 Months | Current |
| Surendra Lakhumal Hiranandani Also directs: Eternia Developers LLP, Penrose Constructions LLP, Poseidon Communications LLP and 5 more | Director | 10 Jul 2008 | 18 Years 2 Months | Current |
Ownership and Shareholding of Shoden 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 Shoden Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jan 2025 | Others | ₹24.74 Lakh | Open |
| 10 Oct 2024 | Others | ₹24.23 Lakh | Open |
| 03 Oct 2024 | Sbicap Trustee Company Limited | ₹850 Cr | Open |
| 16 Sep 2024 | Others | ₹14.4 Lakh | Open |
| 11 Sep 2024 | Others | ₹15.14 Lakh | Open |
Total charge records: 11 View all charges
Deals & Funding of Shoden Developers Private Limited
Shoden Developers Private Limited has 9 deals on record (4 rights issues, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹242.5 Cr; the latest was in November 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Funding round | ₹142.5 Cr | Investors: an individual |
| Jul 2024 | Funding round | ₹40 Cr | Investors: an individual |
| Mar 2024 | Rights issue | ₹100.01 Cr | Investors: an individual |
| Jul 2017 | Rights issue | ₹214.7 Cr | Investors: Savato Developers Private Limited , 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Savato Developers Private Limited Seller: an individual |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Shoden Developers Private Limited
Shoden Developers Private Limited has 18 court cases on record: 3 filed by Shoden Developers, 4 filed against it, 11 where it is another party. 11 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 4 | 3 |
| District courts | 9 | 0 | 8 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, Thane, Maharashtra | Civil suit | Company is another party | Pending |
| District court, Thane, Maharashtra | Civil suit | Company is another party | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax 3- Mumbai | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Maitri Park Cooperative Housing Society Limited | Disposed |
Full case history
All 18 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 Shoden Developers Private Limited
Shoden Developers Private Limited has a workforce of 2,092 employees as of Sep 24, 2025.
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.
Group Structure of Shoden Developers Private Limited
Shoden Developers has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Suadela Constructions Private Limited | U45200MH2007PTC172213 | Locked |
| Antevorta Developers Private Limited | U45200MH2008PTC183690 | Locked |
| Lakepoint Builders Private Limited | U70100MH2005PTC154588 | Locked |
Showing major subsidiaries. Total: 3.
CIN History of Shoden Developers Private Limited
Shoden Developers has one previous CIN (Corporate Identification Number): U70102MH2008PTC184540. The current CIN is U65100MH2008PTC184540, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100MH2008PTC184540 | Current |
| U70102MH2008PTC184540 | Previous |
News related to Shoden Developers Private Limited
Recent Activity on Shoden Developers Private Limited
Shoden Developers Private Limited has 10 board changes on record since 2008: 5 appointments and 5 cessations. The latest: Manish Anandkumar Jain ceased to be Additional Director on 31 Mar 2023.
17 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shoden 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 Shoden 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 Shoden 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 Shoden Developers Private Limited
Shoden Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS2236F1ZC | 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 Shoden 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 Shoden Developers Private Limited
Shoden Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 10 July 2008 (18+ years old) and is registered under CIN U65100MH2008PTC184540.
Shoden Developers reported revenue of ₹190.49 Cr for FY 2025 (down 65% YoY).
Shoden Developers has 5 current directors:
- Neha Surendra Hiranandani - Director
- Harsh Surendra Hiranandani - Director
- Alka Bhatia Hiranandani - Director
- Bal Krishna Chaturvedi - Director
- Surendra Lakhumal Hiranandani - Director
Shoden Developers reported a net profit of ₹26.9 Cr (net margin 14.1%) and EBITDA of ₹44.42 Cr (EBITDA margin 23.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shoden Developers is -22% over three years and -16% over five years. In the latest year (FY 2025) revenue fell 65%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shoden Developers is 27AAMCS2236F1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shoden Developers is U65100MH2008PTC184540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shoden Developers has 18 court cases on record: 3 filed by the company and 4 filed against it. 11 are pending. Most are in the high courts.
Shoden Developers was incorporated on 10 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Shoden Developers has 9 deals on record (4 rights issues, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹242.5 Cr; the latest was in November 2024.
The peers of Shoden Developers by revenue are Prozone Realty Limited, Infinity Infotech Parks Limited, Assotech Limited, Parmeka Private Limited, Rishita Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).