Steppe Developers Private Limited
About Steppe Developers Private Limited
Data last updated:
Steppe Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 02 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2008PTC180733. Its GSTIN is 27AALCS8889D1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Cyrus Eruch Amaria and Adil Meherwanji Daruwala.
Its last annual general meeting (AGM) was held on 29 September 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 ₹89.65 Lakh, a decline of 96% compared to the previous year. For the same year it recorded a net loss of ₹25.17 Cr and EBITDA of ₹69 Lakh (EBITDA margin 77%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹28,635 Cr and satisfied charges of ₹280 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Steppe Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- 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 Steppe 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 Steppe 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 |
Financials of Steppe Developers Private Limited
FY 2025 filings availableSteppe Developers Private Limited reported revenue of ₹89.65 Lakh (down 96% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 96% fall in the latest year. EBITDA fell 97% 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 | ₹69 Lakh | ||||
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| Net Profit (PAT) | -₹25.17 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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| EBITDA Margin | 77% | ||||
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To see the full financial statements and ratios of Steppe Developers Private Limited, buy the company report.
Board of directors of Steppe Developers Private Limited
Steppe Developers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Cyrus Eruch Amaria Also directs: Comart Lithographers Private Limited, Comart Retail Solutions Private Limited, Poonawalla Investments Private Limited and 4 more | Director | 30 Mar 2022 | 4 Years 7 Months | Current |
| Adil Meherwanji Daruwala | Director | 14 Apr 2008 | 18 Years 6 Months | Current |
Auditor
Steppe Developers Private Limited is audited by HARSHAD DOSHI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HARSHAD DOSHI & CO | FY 2021 | 133620W |
Shareholding
The shareholding of Steppe Developers Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Steppe Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2025 | 101127667 | Others | ₹28,600 Cr | Open | |
| 30 Jul 2024 | 100973778 | Others | ₹35 Cr | Open | |
| 12 Oct 2021 | 100493025 | Others | ₹140 Cr | Satisfied | |
| 16 Sep 2021 | 100494299 | Others | ₹140 Cr | Satisfied |
To see the full charge records of Steppe Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Steppe Developers Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Pending |
| District court, Pune, Maharashtra | Criminal miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Steppe 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 Steppe Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Steppe Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS8889D1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Steppe Developers Private Limited, buy the company report.
Recent activity
Steppe Developers Private Limited has 9 board changes on record since 2008: 2 appointments and 7 cessations. The latest: Cyrus Eruch Amaria ceased to be Additional Director on 28 Sep 2022.
7 earlier events are in the company report.
Frequently asked questions
Steppe 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 02 April 2008 (18+ years old) and is registered under CIN U70102MH2008PTC180733.
Steppe Developers has 2 current directors:
- Cyrus Eruch Amaria - Director
- Adil Meherwanji Daruwala - Director
The latest financial statements of Steppe Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Steppe Developers is 27AALCS8889D1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Steppe Developers is U70102MH2008PTC180733. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Steppe Developers has 2 court cases on record: 2 filed against it. 2 are pending. Most are in the district courts.
Steppe Developers was incorporated on 02 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Cyrus Eruch Amaria ceased to be Additional Director on 28 Sep 2022. Cyrus Eruch Amaria was appointed as Director on 30 Mar 2022. Janak Kiran Bhatt ceased to be Director on 30 Mar 2022. Steppe Developers has 9 board changes on record in total.
The registered office of Steppe Developers is at Sp Centre 4144, Minoo Desai Marg Colaba, Mumbai, Maharashtra, India – 400005.
Steppe Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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