Sinew Developers Private Limited
About Sinew Developers Private Limited
Data last updated:
Sinew Developers Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Kumar Urban Development Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 July 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45202PN1994PTC128486. Its GSTIN is 27AABCM2435K1ZH (Maharashtra).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹6.5 Cr. It was formerly known as Sinew Developers Limited. It is led by directors Lalitkumar Kesarimal Jain and Viresh Shashikant Parekh.
Its last annual general meeting (AGM) was held on 28 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2409 East Street, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2024, the company reported a revenue of ₹20.25 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.72 Cr and EBITDA of -₹2.71 Cr. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹502.5 Cr and satisfied charges of ₹138 Cr on record. Court records list 33 cases involving the company, including 7 filed by the company and 26 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Sinew Developers has one previous CIN (Corporate Identification Number): U45202PN1994PLC128486. The current CIN is U45202PN1994PTC128486, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45202PN1994PTC128486 | Current |
| U45202PN1994PLC128486 | Previous |
Contact details
Sinew Developers Private Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address2409 East Street, Pune, Maharashtra, India – 411001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sinew Developers 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
Business activity
The main business activity of Sinew Developers is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
Financials of Sinew Developers Private Limited
FY 2024 filings availableSinew Developers Private Limited reported revenue of ₹20.25 Lakh (up 202400% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years. EBITDA fell 172% 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 |
|---|---|---|---|---|---|
| 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 | -₹2.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.72 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Sinew Developers Private Limited, buy the company report.
Board of directors of Sinew Developers Private Limited
Sinew Developers has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalitkumar Kesarimal Jain Also directs: Sukumar Realty LLP, Kumar Builders Project Pune Private Limited, Sukumar Housing and Finance Private Limited and 4 more | Director | 03 Feb 2007 | 19 Years 9 Months | Current |
| Viresh Shashikant Parekh | Director | 11 Dec 2019 | 6 Years 10 Months | Current |
Auditor
Sinew Developers Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2017 | 001076N/N500013 |
Shareholding
The shareholding of Sinew Developers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sinew Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2011 | 10270951 | Idbi Trusteeship Services Limited | ₹502.5 Cr | Open | |
| 23 Dec 2011 | 10331118 | Capital First Limited | ₹40 Cr | Satisfied | |
| 23 Dec 2011 | 10331145 | Capital First Limited | ₹75 Cr | Satisfied | |
| 16 Jul 2004 | 90094069 | Bank of Maharashtra | ₹23 Cr | Satisfied |
To see the full charge records of Sinew Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sinew Developers Private Limited has 33 court cases on record: 7 filed by Sinew Developers, 26 filed against it. 5 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 10 | 4 |
| High courts | 9 | 5 | 1 |
| NCLAT | 6 | 5 | 0 |
| Supreme Court | 4 | 4 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Amura Marketing Technologies Pvt. Ltd. Through Amit Tare | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Posco Engineering and Construction India Pvt. Ltd. Authorized Signatory Ajay Sharma 7Th Floor, Tower B, Park Centre Builder Building, Sector 30 ,Gurgaon , Haryana | Disposed |
| NCLT, Mumbai | Company petition | Filed against the company by Kumar Urban Development Private Limited. and 2 others | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Kumar Urban Development Private Limited and 2 others | Disposed |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against individuals | Pending |
To see the full case history of Sinew Developers 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 Sinew Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sinew Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCM2435K1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sinew Developers Private Limited, buy the company report.
Recent activity
Sinew Developers Private Limited has 19 board changes on record since 2004: 2 appointments and 17 cessations. The latest: Viresh Shashikant Parekh was appointed as Director on 11 Dec 2019.
18 earlier events are in the company report.
Frequently asked questions
Sinew Developers is an active private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 July 1994 (32+ years old) and is registered under CIN U45202PN1994PTC128486.
Sinew Developers has 2 current directors:
- Lalitkumar Kesarimal Jain - Director
- Viresh Shashikant Parekh - Director
The latest financial statements of Sinew Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sinew Developers is 27AABCM2435K1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sinew Developers is U45202PN1994PTC128486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sinew Developers has 33 court cases on record: 7 filed by the company and 26 filed against it. 5 are pending. Most are in the district courts.
Sinew Developers was incorporated on 06 July 1994, making it 32+ years old. It is registered with the Registrar of Companies, Pune.
Viresh Shashikant Parekh was appointed as Director on 11 Dec 2019. Rakesh Shah ceased to be Nominee Director on 03 Oct 2019. Aparna Goel ceased to be Nominee Director on 30 Sep 2019. Sinew Developers has 19 board changes on record in total.
The registered office of Sinew Developers is at 2409 East Street, Pune, Maharashtra, India – 411001.
Sinew Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
