Sungrace Estate Developers Private Limited
About Sungrace Estate Developers Private Limited
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Sungrace Estate Developers Private Limited is a private limited company based in Ponda, Goa, India. It operates in the building construction segment of the construction sector. It was incorporated on 15 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U70200GA1993PTC001450. Its GSTIN is 30AADCS0418A1ZC (Goa).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Pushpa Ravi Naik and Sonali Ritesh Naik.
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 1st Floor Cardoz Building Ponda, Goa, India – 403401.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.13 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹51.15 Lakh (net margin 24%) and EBITDA of ₹91.89 Lakh (EBITDA margin 43%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
As per MCA filings, the company has satisfied charges of ₹3.8 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sungrace Estate Developers Private Limited's registered office is in Ponda, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1st Floor Cardoz Building Ponda, Goa, India – 403401
- IndustryConstruction, Buildings
To see the full contact details of Sungrace Estate 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 activities of Sungrace Estate Developers are real estate and accommodation and food service. In detail, this covers real estate activities with own or leased property and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| 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 | |
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Sungrace Estate Developers Private Limited, buy the company report.
Financials of Sungrace Estate Developers Private Limited
FY 2025 filings availableSungrace Estate Developers Private Limited reported revenue of ₹2.13 Cr (up 22% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 22% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA rose 43% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹91.89 Lakh | ||||
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| Net Profit (PAT) | ₹51.15 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 43% | ||||
| Net Profit Margin | 24% | ||||
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To see the full financial statements and ratios of Sungrace Estate Developers Private Limited, buy the company report.
Board of directors of Sungrace Estate Developers Private Limited
Sungrace Estate Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpa Ravi Naik | Director | 15 Oct 1993 | 33 Years 0 Months | Current |
| Sonali Ritesh Naik | Director | 01 Jun 2019 | 7 Years 5 Months | Current |
| Ritesh Ravi Naik | Director | 13 Feb 1996 | 30 Years 8 Months | Current |
Peer comparison
Sungrace Estate Developers Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Manek Real Property Developers Pvt Ltd | ₹2.14 Cr (FY 2025) | 241.0% | Ahmedabad, Gujarat, India | |||
| Attukal Shopping Complex P Ltd | ₹2.14 Cr (FY 2025) | 10.0% | Thiruvananthapuram, Kerala, India | |||
| Shriramaya Reality Private Limited | ₹2.14 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Arhan Infratech Private Limited | ₹2.14 Cr (FY 2019) | -93.0% | Delhi, India | |||
| New Era Structural Technologies Private Limited | ₹2.14 Cr (FY 2025) | -23.0% | Delhi, India | |||
| Sungrace Estate Developers Private Limitedthis company | ₹2.13 Cr (FY 2024) | ₹51.15 Lakh | 24% | 22.0% | Ponda, Goa, India | |
| S.M.L.V. Buildcon Private Limited | ₹2.13 Cr (FY 2025) | 8045.0% | Jaipur, Rajasthan, India | |||
| Prabhukrupa Estates Private Limited | ₹2.13 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Unique Banquets Private Limited | ₹2.13 Cr (FY 2023) | 135.0% | Hyderabad, Telangana, India | |||
| Goel Ganga Promoters Private Limited | ₹2.13 Cr (FY 2024) | Pune, Maharashtra, India | ||||
| National Properties Ltd | ₹2.13 Cr (FY 2025) | 132.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sungrace Estate Developers Private Limited, buy the company report.
Auditor
Sungrace Estate Developers Private Limited is audited by P. V. BHANDARE & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. V. BHANDARE & CO. | FY 2017 | 032764 |
Shareholding
The shareholding of Sungrace Estate Developers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Sungrace Estate Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Feb 2009 | 10150057 | The Goa State Co-Operative Bank Ltd | ₹2.5 Cr | Satisfied | |
| 14 Jan 2009 | 10201087 | The Goa State Co-Operative Bank Ltd | ₹50 Lakh | Satisfied | |
| 30 Apr 2007 | 10051317 | The Goa Urban Co Operative Bank | ₹70 Lakh | Satisfied | |
| 24 Apr 2007 | 10051516 | The Goa Urban Co Operative Bank | ₹10 Lakh | Satisfied |
To see the full charge records of Sungrace Estate Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Sungrace Estate Developers Private Limited has 3 court cases on record: 1 filed by Sungrace Estate Developers, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company | Disposed |
| NCLT, Mumbai | Company petition | Filed by the company | Disposed |
To see the full case history of Sungrace Estate 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 Sungrace Estate Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sungrace Estate Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AADCS0418A1ZC | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sungrace Estate Developers Private Limited, buy the company report.
Recent activity
Sungrace Estate Developers Private Limited has 6 board changes on record since 1993: 4 appointments and 2 cessations. The latest: Sonali Ritesh Naik was appointed as Director on 01 Jun 2019.
5 earlier events are in the company report.
Frequently asked questions
Sungrace Estate Developers is an active private limited company based in Ponda, Goa, India. The company works in buildings, within the construction industry. It was incorporated on 15 October 1993 (33+ years old) and is registered under CIN U70200GA1993PTC001450.
Sungrace Estate Developers has 3 current directors:
- Pushpa Ravi Naik - Director
- Sonali Ritesh Naik - Director
- Ritesh Ravi Naik - Director
The latest financial statements of Sungrace Estate 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 GSTIN of Sungrace Estate Developers is 30AADCS0418A1ZC, registered in Goa.
The CIN (Corporate Identification Number) of Sungrace Estate Developers is U70200GA1993PTC001450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sungrace Estate Developers has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Sungrace Estate Developers was incorporated on 15 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Sungrace Estate Developers by revenue are Manek Real Property Developers Pvt Ltd, Attukal Shopping Complex P Ltd, Shriramaya Reality Private Limited, Arhan Infratech Private Limited, New Era Structural Technologies Private Limited and 5 more, all in the same principal business activity (real estate activities with own or leased property).
Sonali Ritesh Naik was appointed as Director on 01 Jun 2019. Matheus Dias ceased to be Director on 01 Jul 2014. Ravi Sitaram Naik was appointed as Director on 15 May 2012. Sungrace Estate Developers has 6 board changes on record in total.
The registered office of Sungrace Estate Developers is at 1st Floor Cardoz Building Ponda, Goa, India – 403401.
Sungrace Estate Developers operates in the construction industry, in the buildings segment.
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