MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0074149
Starwing Developers Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹101.04 Cr
▼ 25% YoY
Net profit · FY 2023
₹2.84 Cr
Net margin 2.8%
EBITDA · FY 2023
₹15.6 Cr
EBITDA margin 15.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Open charges
₹220.62 Cr
Satisfied ₹163.68 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
26
Provident fund records
About Starwing Developers Private Limited
Data last updated:
Starwing Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Starwing Infrastructure Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1994PTC077850. Its GSTIN is 27AAACE2177K1ZJ (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as Elect Finance & Investments Company Private Limited. It is led by directors Rajeev Rameshkumar Dube (Managing Director) and Jitendra Nathuram Vora.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹101.04 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.84 Cr (net margin 2.8%) and EBITDA of ₹15.6 Cr (EBITDA margin 15.4%).
The company has about 26 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹220.62 Cr and satisfied charges of ₹163.68 Cr on record. Court records list 80 cases involving the company, including 44 filed by the company and 36 filed against it; 22 cases are pending. The company has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2021.
Starwing Developers Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0074149). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website starwingdevelopers.com.
Company details
CIN U65990MH1994PTC077850
Registration Number 077850
Incorporation Date 20 April 1994
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Starwing Infrastructure Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0074149
Recognitions & Rankings of Starwing Developers
Contact details
Starwing Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is starwingdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address501 – Kaatyayni Business Center Off Mahakali Caves Road M.I.D.C. Marol Bus Depot An, Dheri (E), Mumbai, Maharashtra, India – 400093
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Starwing Developers Private Limited, buy the company report.
Comprehensive company report
Starwing Developers Private Limited - one report that includes everything
- 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
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Financials of Starwing Developers Private Limited
FY 2024 filings availableStarwing Developers Private Limited reported revenue of ₹101.04 Cr (down 25% YoY) for FY 2023.
Revenue · FY 2023
₹101.04 Cr ▼ 25%
Net profit · FY 2023
₹2.84 Cr margin 2.8%
EBITDA · FY 2023
₹15.6 Cr margin 15.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
EBITDA CAGR growth
1 year
▼ 21%
Revenue fell 25% in the latest year. EBITDA fell 21% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹101.04 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.84 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.4% | ||||
| Net Profit Margin | 2.8% | ||||
| 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 Starwing Developers Private Limited, buy the company report.
Board of directors of Starwing Developers Private Limited
Starwing Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Rameshkumar Dube Also directs: Starwing Vibe Realty LLP, Electrx Motors Private Limited, Starwing Build-Con Private Limited and 2 more | Managing Director | 10 May 1994 | 32 Years 5 Months | Current |
| Jitendra Nathuram Vora Also directs: Electrx Motors Private Limited, Starwing Build-Con Private Limited, I-Stay Housing Private Limited and 1 more | Director | 06 Dec 2006 | 19 Years 10 Months | Current |
Shareholding
The shareholding of Starwing 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 Starwing Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹220.62 Cr
Satisfied charges
₹163.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2025 | 101166243 | Others | ₹32.5 Cr | Open | |
| 30 Mar 2023 | 100740791 | Others | ₹25 Cr | Open | |
| 04 Feb 2023 | 100737242 | Hdfc Bank Limited | ₹3.12 Cr | Open | |
| 08 Jul 2019 | 100273757 | Tata Capital Housing Finance Limited | ₹160 Cr | Open | |
| 21 Oct 2017 | 100142802 | Others | ₹65 Cr | Satisfied |
To see the full charge records of Starwing Developers Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Starwing Developers Private Limited has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2021.
Total deals
7
Secondary share transfers
5
Funding round
1
Rights issue
1
Disclosed funding
₹2.99 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Starwing Infrastructure Private Limited Seller: an individual |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Starwing Infrastructure Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Savi Global Realtors Limited Seller: Starwing Infrastructure Private Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Starwing Infrastructure Private Limited Seller: Login Solutions Private Limited |
To see the full deal history of Starwing 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
Starwing Developers Private Limited has 80 court cases on record: 44 filed by Starwing Developers, 36 filed against it. 22 cases are pending and 58 are disposed.
Total cases
80
Filed by the company
44
Filed against the company
36
Pending
22
Disposed
58
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 46 | 15 | 12 |
| District courts | 33 | 20 | 10 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Vainteya Films (P) Limited and 2 Others and 2 others | Pending |
| Bombay High Court | Criminal complaint | Filed by the company against Gawde Constructions Pvt Ltd | Pending |
| Bombay High Court | Court case (COMSS) | Filed against the company by Gawde Constructions Pvt.Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Vainteya Films P Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Gawde Constructions Pvt.Ltd. | Disposed |
To see the full case history of Starwing 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 Starwing Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Starwing Developers has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
4
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Starwing Plastic and Chemicals Private Limite | U25203MH2013PTC244446 | |
| Starwing Build-Con Private Limited | U45202MH2011PTC216211 | |
| I-Stay Real Estate Private Limited | U65990MH1994PTC079283 | |
| Starwing Infrastructure and Logistics Private Limited | U74120MH2010PTC210220 |
To see the full group structure of Starwing Developers Private Limited, buy the company report.
Employees & EPFO
Starwing Developers Private Limited has a workforce of 26 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
26
Active EPFO establishments
1
Employee growth
-7.14%
GST
Starwing Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACE2177K1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starwing Developers Private Limited, buy the company report.
Recent activity
Starwing Developers Private Limited has 10 board changes on record since 1994: 6 appointments and 4 cessations. The latest: Deepak Chhotelal Dube ceased to be Director on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 32.50 Cr with Charge ID 101166243 was registered on 11 Sep 2025.
AGM
Starwing Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 31 Jul 2013 via Charge ID 10440732 with Icici Bank Limited was fully satisfied on 06 May 2024.
Filing
Starwing Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Deepak Chhotelal Dube ceased to be Director.
Ceased
Rohan Rajeev Dube ceased to be Director.
Charges
A charge registered on 19 Apr 2014 via Charge ID 10496444 with Others was fully satisfied on 01 Sep 2023.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100740791 was registered on 30 Mar 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.12 Cr with Charge ID 100737242 was registered on 04 Feb 2023.
Appointed
Rohan Rajeev Dube was appointed as Director.
Charges
A charge with Tata Capital Housing Finance Limited of Rs. 160.00 Cr registered on 08 Jul 2019 with Charge ID 100273757 was modified on 31 Mar 2022.
Charges
A charge registered on 29 Sep 2014 via Charge ID 10526748 with Dcb Bank Limited was fully satisfied on 20 Oct 2021.
33 earlier events are in the company report.
Frequently asked questions
Starwing 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 20 April 1994 (32+ years old) and is registered under CIN U65990MH1994PTC077850.
Starwing Developers has 2 current directors:
- Rajeev Rameshkumar Dube - Managing Director
- Jitendra Nathuram Vora - Director
The latest financial statements of Starwing Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Starwing Developers is 27AAACE2177K1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Starwing Developers is U65990MH1994PTC077850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starwing Developers has 80 court cases on record: 44 filed by the company and 36 filed against it. 22 are pending. Most are in the high courts.
Starwing Developers was incorporated on 20 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.
Starwing Developers has 7 deals on record (5 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.99 Cr; the latest was in March 2021.
Deepak Chhotelal Dube ceased to be Director on 15 Feb 2024. Rohan Rajeev Dube ceased to be Director on 01 Jan 2024. Rohan Rajeev Dube was appointed as Director on 10 Aug 2022. Starwing Developers has 10 board changes on record in total.
Yes, Starwing Developers is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0074149).