About Skyscape Developers Private Limited
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Skyscape Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sprite Developers Mauritius Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC158992. Its GSTIN is 27AAJCS8938H1ZQ (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹65.28 Cr. It is led by directors Janak Kiran Bhatt and Subodh Vinayak Pagnis.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2026, the company reported a revenue of ₹10.62 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹3.92 Cr (net margin -36.9%) and EBITDA of ₹5.06 Cr (EBITDA margin 47.6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 8% over five years.
The company is associated with 1 brand: Shapoorji Pallonji. As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹2,090.5 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 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 shapoorjipallonji.com.
Company details
Contact details
Skyscape Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressSp Centre 41/44 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Skyscape 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
Brands
Skyscape Developers operates one associated brand: Shapoorji Pallonji. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are maintained across engineering, construction, and infrastructure sectors. | shapoorjipallonji.com |
Business activity
The main business activity of Skyscape Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Skyscape Developers Private Limited, buy the company report.
Financials of Skyscape Developers Private Limited
FY 2026 filings availableSkyscape Developers Private Limited reported revenue of ₹10.62 Cr (up 2% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 2% growth in the latest year. EBITDA rose 36% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.62 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.92 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.6% | ||||
| Net Profit Margin | -36.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Skyscape Developers Private Limited, buy the company report.
Board of directors of Skyscape Developers Private Limited
Skyscape Developers has 2 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janak Kiran Bhatt | Director | 31 Mar 2021 | 5 Years 7 Months | Current |
| Subodh Vinayak Pagnis | Director | 31 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Skyscape Developers 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 (real estate activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Skyscape Developers Private Limitedthis company | ₹10.62 Cr (FY 2026) | -₹3.92 Cr | -36.9% | 2.0% | Mumbai, Maharashtra, India | |
| Pursarth Infrastructures Private Limited | ₹10.45 Cr (FY 2025) | 221.0% | New Delhi, Delhi, India | |||
| Deeksha Hotels Private Limited | ₹10.45 Cr (FY 2025) | -38.0% | Dehradun, Uttarakhand, India | |||
| Atia Estates Private Limited | ₹10.45 Cr (FY 2025) | 1902.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Skyscape Developers Private Limited, buy the company report.
Auditor
Skyscape Developers Private Limited is audited by B R NAGDA & CO for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B R NAGDA & CO | FY 2026 | 144279W |
Shareholding
The shareholding of Skyscape Developers Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Skyscape Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2023 | 100876154 | Idbi Trusteeship Services Limited | ₹100 Cr | Open | |
| 15 Dec 2022 | 100712918 | Idbi Trusteeship Services Limited | ₹100 Cr | Satisfied | |
| 27 May 2022 | 100579733 | Others | ₹265 Cr | Satisfied | |
| 25 May 2022 | 100579729 | Others | ₹265 Cr | Satisfied | |
| 31 Dec 2020 | 100407033 | Axis Bank Limited | ₹56 Cr | Satisfied |
To see the full charge records of Skyscape Developers Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Skyscape Developers Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 3 Mumbai | Disposed |
To see the full case history of Skyscape 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.
Credit ratings & regulatory alerts
Skyscape Developers Private Limited was last rated by Icra on 09 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Oct 2020 |
To see the full credit ratings and regulatory alerts of Skyscape Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Skyscape Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Skyscape Developers has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCS8938H1ZQ | Maharashtra | Active | 08 Jul 2017 |
| 27AAJCS8938H2ZP | Maharashtra | Active | 06 Oct 2017 |
| 06AAJCS8938H1ZU | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Skyscape Developers Private Limited, buy the company report.
Recent activity
Skyscape Developers Private Limited has 22 board changes on record since 2007: 2 appointments and 20 cessations. The latest: Janak Kiran Bhatt ceased to be Additional Director on 30 Nov 2021.
35 earlier events are in the company report.
Frequently asked questions
Skyscape Developers 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 18 January 2006 (20+ years old) and is registered under CIN U45200MH2006PTC158992.
Skyscape Developers has 2 current directors:
- Janak Kiran Bhatt - Director
- Subodh Vinayak Pagnis - Director
The latest financial statements of Skyscape Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Skyscape Developers is 27AAJCS8938H1ZQ, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAJCS8938H2ZP (Maharashtra), 06AAJCS8938H1ZU (Haryana).
The CIN (Corporate Identification Number) of Skyscape Developers is U45200MH2006PTC158992. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skyscape Developers has 2 court cases on record: 2 filed against it. 1 is pending.
Skyscape Developers was incorporated on 18 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Skyscape Developers by revenue are Pursarth Infrastructures Private Limited, Deeksha Hotels Private Limited, Atia Estates Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities).
Janak Kiran Bhatt ceased to be Additional Director on 30 Nov 2021. Subodh Vinayak Pagnis ceased to be Additional Director on 30 Nov 2021. Janak Kiran Bhatt was appointed as Director on 31 Mar 2021. Skyscape Developers has 22 board changes on record in total.
Skyscape Developers can be reached through the website shapoorjipallonji.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Skyscape Developers is at Sp Centre 4144 Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
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