About Sparkle One Mall Developers Private Limited
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Sparkle One Mall Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Island Star Mall Developers Private Limited. It operates in the mall and retail management segment of the business services sector. It was incorporated on 29 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70109MH2017PTC299103. Its GSTIN is 27AAZCS1589C1ZR (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ritu Jaikishen Mehta (Managing Director) and Amit Dabriwala.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Market City Resources Pvt Ltd Gr Flr Rr Hosiery Bldg Shreelaxmi Woollen Mills, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2025, the company reported a revenue of ₹266.18 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹104.18 Cr (net margin 39.1%) and EBITDA of ₹179.29 Cr (EBITDA margin 67.4%).
As per MCA filings, the company has open charges of ₹1,600 Cr and satisfied charges of ₹405.24 Cr on record. Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 5 cases are pending. The company has 3 deals on record (3 convertible or debt financings), with disclosed funding of ₹1,124 Cr; the latest was in January 2021. Its 4 peer companies in the Business Services industry (Builders and Developers, Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 2 smaller; the largest is Milestone Buildcon Private Limited with revenue of ₹268.93 Cr. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 12 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website phoenixmallofasia.com.
Company details
Contact details
Sparkle One Mall Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is phoenixmallofasia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O Market City Resources Pvt Ltd Gr Flr Rr Hosiery Bldg Shreelaxmi Woollen Mills, Mumbai, Maharashtra, India – 400011
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Sparkle One Mall 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 Sparkle One Mall Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Sparkle One Mall Developers Private Limited, buy the company report.
Financials of Sparkle One Mall Developers Private Limited
FY 2025 filings availableSparkle One Mall Developers Private Limited reported revenue of ₹266.18 Cr (up 194% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 194% in the latest year. EBITDA rose 249% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹179.29 Cr | ||||
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| Net Profit (PAT) | ₹104.18 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 67.4% | ||||
| Net Profit Margin | 39.1% | ||||
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To see the full financial statements and ratios of Sparkle One Mall Developers Private Limited, buy the company report.
Board of directors of Sparkle One Mall Developers Private Limited
Sparkle One Mall Developers has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dabriwala Also directs: Master Project Management LLP, Satyatower Affordables Projects Private Limited, Adibhuta Investments Private Limited and 5 more | Director | 30 Mar 2024 | 2 Years 7 Months | Current |
| Raghav Bajoria | Director | 31 Mar 2020 | 6 Years 7 Months | Current |
| Manish Ashok Singh | Director | 31 Mar 2020 | 6 Years 7 Months | Current |
| Sanjay Sudam Wagaskar Also directs: Mindstone Mall Developers Private Limited, Sheela Traders Private Limited, Shanthi Chandran Enterprisers Private Limited and 5 more | Director | 31 Mar 2020 | 6 Years 7 Months | Current |
| Swapnil Subhash Kothari Also directs: Insight Mall Developers Private Limited, Truevalue Infrabuild Private Limited, SGH Realty Private Limited and 5 more | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
| Siddhesh Pradeep Pradhan | Director | 12 Jul 2024 | 2 Years 3 Months | Current |
Peer comparison
Sparkle One Mall Developers Private Limited is compared with the 4 companies closest to it by revenue in the Business Services industry (Builders and Developers, Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Milestone Buildcon Private Limited | ₹268.93 Cr (FY 2025) | 19.0% | Bangalore, Karnataka, India | |||
| Whispering Heights Real Estate Private Limited | ₹268.67 Cr (FY 2025) | 365.0% | Mumbai, Maharashtra, India | |||
| Sparkle One Mall Developers Private Limitedthis company | ₹266.18 Cr (FY 2025) | ₹104.18 Cr | 39.1% | 194.0% | Mumbai, Maharashtra, India | |
| Abhishek Propbuild Private Limited | ₹265.95 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| The Indian Film Combine Pvt Ltd | ₹265.81 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sparkle One Mall Developers Private Limited, buy the company report.
Auditor
Sparkle One Mall Developers Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Sparkle One Mall Developers 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 Sparkle One Mall Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Dec 2025 | 101205925 | Others | ₹1,600 Cr | Open | |
| 20 Jul 2022 | 100595250 | Others | ₹400 Cr | Satisfied | |
| 18 Feb 2022 | 100540545 | Others | ₹2.68 Cr | Satisfied | |
| 04 Feb 2022 | 100540546 | Others | ₹2.57 Cr | Satisfied |
To see the full charge records of Sparkle One Mall Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Sparkle One Mall Developers Private Limited has 3 deals on record (3 convertible or debt financings), with disclosed funding of ₹1,124 Cr; the latest was in January 2021.
To see the full deal history of Sparkle One Mall Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sparkle One Mall Developers Private Limited has 13 court cases on record: 11 filed by Sparkle One Mall Developers, 2 filed against it. 5 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 4 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company | Pending |
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer Ward 8(2)(1), Mumbai | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Joint Commissioner | Pending |
| High Court | Writ petition | Filed by the company against State of Karnataka and 3 others | Pending |
To see the full case history of Sparkle One Mall 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
Sparkle One Mall Developers Private Limited was last rated by Icra on 04 Oct 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Oct 2022 |
To see the full credit ratings and regulatory alerts of Sparkle One Mall Developers Private Limited, buy the company report.
MSME payment delays
Sparkle One Mall Developers Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 12 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
To see the full MSME payment records of Sparkle One Mall Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sparkle One Mall Developers has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAZCS1589C1ZR | Maharashtra | Active | 26 Apr 2018 |
| 27AAZCS1589C2ZQ | Maharashtra | Active | 25 Mar 2025 |
| 29AAZCS1589C1ZN | Karnataka | Active | 01 May 2018 |
To see the full GST registrations and return filing status of Sparkle One Mall Developers Private Limited, buy the company report.
Recent activity
Sparkle One Mall Developers Private Limited has 20 board changes on record since 2018: 7 appointments and 13 cessations. The latest: Siddhesh Pradeep Pradhan ceased to be Additional Director on 10 Sep 2024.
19 earlier events are in the company report.
Frequently asked questions
Sparkle One Mall Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in mall and retail management, within the business services industry. It was incorporated on 29 August 2017 (9+ years old) and is registered under CIN U70109MH2017PTC299103.
Sparkle One Mall Developers has 7 current directors:
- Ritu Jaikishen Mehta - Managing Director
- Amit Dabriwala - Director
- Raghav Bajoria - Director
- Manish Ashok Singh - Director
- Sanjay Sudam Wagaskar - Director
- Swapnil Subhash Kothari - Director
- Siddhesh Pradeep Pradhan - Director
The latest financial statements of Sparkle One Mall Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Sparkle One Mall Developers is 27AAZCS1589C1ZR, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAZCS1589C2ZQ (Maharashtra), 29AAZCS1589C1ZN (Karnataka).
The CIN (Corporate Identification Number) of Sparkle One Mall Developers is U70109MH2017PTC299103. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sparkle One Mall Developers has 13 court cases on record: 11 filed by the company and 2 filed against it. 5 are pending. Most are in the high courts.
Sparkle One Mall Developers was incorporated on 29 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Sparkle One Mall Developers has 3 deals on record (3 convertible or debt financings), with disclosed funding of ₹1,124 Cr; the latest was in January 2021.
The peers of Sparkle One Mall Developers by revenue are Milestone Buildcon Private Limited, Whispering Heights Real Estate Private Limited, Abhishek Propbuild Private Limited, The Indian Film Combine Pvt Ltd, all in the Business Services industry (Builders and Developers, Mall Management), with the same principal business activity (real estate activities with own or leased property).
Siddhesh Pradeep Pradhan ceased to be Additional Director on 10 Sep 2024. Ritu Jaikishen Mehta was appointed as Managing Director on 12 Jul 2024. Ritu Jaikishen Mehta ceased to be Additional Director on 12 Jul 2024. Sparkle One Mall Developers has 20 board changes on record in total.
Sparkle One Mall Developers has 8 MSME Form 1 returns on record between 2021 and 2024, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Sparkle One Mall Developers can be reached through the website phoenixmallofasia.com. Its registered office is in Mumbai, Maharashtra, India.
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