About Stimula Developers Private Limited
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Stimula Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Evita Constructions Private Limited. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 11 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2007PTC176655.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kumaraswamy Raju Gowda and Sanjeev Padmanabh Pillai.
Its last annual general meeting (AGM) was held on 30 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 ₹61.56 Lakh, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹27.5 Lakh (net margin 44.7%) and EBITDA of ₹46.01 Lakh (EBITDA margin 74.7%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 74% over five years.
As per MCA filings, the company has open charges of ₹1,065 Cr and satisfied charges of ₹850 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiranandani.com.
Company details
Contact details
Stimula Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is hiranandani.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1st Floor Olympia Central Avenue, Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Stimula 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
Financials of Stimula Developers Private Limited
FY 2025 filings availableStimula Developers Private Limited reported revenue of ₹61.56 Lakh (up 68% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 74% over five years, including 68% growth in the latest year. EBITDA rose 168% 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 | ₹46.01 Lakh | ||||
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| Net Profit (PAT) | ₹27.5 Lakh | ||||
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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 | 74.7% | ||||
| Net Profit Margin | 44.7% | ||||
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To see the full financial statements and ratios of Stimula Developers Private Limited, buy the company report.
Board of directors of Stimula Developers Private Limited
Stimula Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumaraswamy Raju Gowda Also directs: Prodigar Developers Private Limited, Preeti Orchards Private Limited, Krishnagiri Developers Private Limited and 5 more | Director | 28 Nov 2023 | 2 Years 10 Months | Current |
| Sanjeev Padmanabh Pillai Also directs: Oakwood Farms LLP, Tarq Semiconductors Private Limited, TTZ Semiconductors Private Limited and 5 more | Director | 02 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Stimula Developers Private Limited is compared with the 10 companies closest to it by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Benaras Infradreams Private Limited | ₹61.73 Lakh (FY 2024) | 72.0% | Varanasi, Uttar Pradesh, India | |||
| Surya Bhushan Projects Private Limited | ₹61.72 Lakh (FY 2025) | -50.0% | Bokaro Steel, Jharkhand, India | |||
| Oneness Buildtech Private Limited | ₹61.69 Lakh (FY 2024) | 24577.0% | Lucknow, Uttar Pradesh, India | |||
| Bharti Contracting Services Private Limited | ₹61.6 Lakh (FY 2024) | 622.0% | Mumbai, Maharashtra, India | |||
| Leins International Private Limited | ₹61.6 Lakh (FY 2024) | 81.0% | Cherthala, Kerala, India | |||
| Stimula Developers Private Limitedthis company | ₹61.56 Lakh (FY 2025) | ₹27.5 Lakh | 44.7% | 68.0% | Mumbai, Maharashtra, India | |
| Goldtech Aluminium India Private Limited | ₹61.44 Lakh (FY 2024) | -52.0% | Delhi, India | |||
| Redma Construction Private Limited | ₹61.43 Lakh (FY 2025) | 53.0% | Jharkhand, India | |||
| Walley Zone Services Private Limited | ₹61.42 Lakh (FY 2024) | 39073.0% | Hyderabad, Telangana, India | |||
| Divine Technobuild Private Limited | ₹61.42 Lakh (FY 2024) | -53.0% | Gurgaon, Haryana, India | |||
| Shivoy Constructions India Private Limited | ₹61.42 Lakh (FY 2025) | 57.0% | Delhi, India |
To see the full peer comparison of Stimula Developers Private Limited, buy the company report.
Auditor
Stimula Developers Private Limited is audited by S H PATRAWALA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S H PATRAWALA & CO | FY 2021 | 115260W |
Shareholding
The shareholding of Stimula Developers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Stimula Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Apr 2023 | 100715583 | Others | ₹315 Cr | Open | |
| 24 May 2022 | 100584013 | Others | ₹250 Cr | Open | |
| 17 Apr 2018 | 100176118 | Others | ₹500 Cr | Open | |
| 07 Feb 2017 | 100087794 | Others | ₹425 Cr | Satisfied | |
| 07 Feb 2017 | 100087798 | Others | ₹425 Cr | Satisfied |
To see the full charge records of Stimula Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Stimula Developers Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kancheepuram, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
| District court, Kancheepuram, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Stimula 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 Stimula Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Stimula Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Stimula Developers Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Kumaraswamy Raju Gowda was appointed as Director on 28 Nov 2023.
5 earlier events are in the company report.
News
Frequently asked questions
Stimula Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 11 December 2007 (19+ years old) and is registered under CIN U70102MH2007PTC176655.
Stimula Developers has 2 current directors:
- Kumaraswamy Raju Gowda - Director
- Sanjeev Padmanabh Pillai - Director
The latest financial statements of Stimula Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Stimula Developers is U70102MH2007PTC176655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stimula Developers has 2 court cases on record: 2 filed against it.
Stimula Developers was incorporated on 11 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Stimula Developers by revenue are Benaras Infradreams Private Limited, Surya Bhushan Projects Private Limited, Oneness Buildtech Private Limited, Bharti Contracting Services Private Limited, Leins International Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Kumaraswamy Raju Gowda was appointed as Director on 28 Nov 2023. Sanjeev Padmanabh Pillai was appointed as Director on 02 Jun 2022. Shridhar Narayan ceased to be Additional Director on 03 Aug 2015. Stimula Developers has 6 board changes on record in total.
Stimula Developers can be reached through the website hiranandani.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Stimula Developers is at 1st Floor Olympia Central Avenue, Hiranandani Gardens Powai, Mumbai, Maharashtra, India – 400076.
Stimula Developers operates in the infrastructure and utilities industry, in the general construction services segment.