About Suyog Development Corporation Limited
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Suyog Development Corporation Limited is a public limited company based in Pune, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45201PN2004PLC019740. Its GSTIN is 27AAICS6329R1ZH (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.9 Cr. It was formerly known as Suyog Development Corporation Private Limited. It is led by directors including Bharat Keshavlal Shah and Kalpesh Bharat Shah.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Sujay Garden Off No 27 Parshwabuilding 12 Mukund Nagar, Pune, Maharashtra, India – 411037.
As per the financials filed for FY 2023, the company reported a revenue of ₹34.63 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹31.51 Lakh (net margin 0.9%) and EBITDA of ₹4.48 Cr (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 2% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Suyog Group. As per MCA filings, the company has open charges of ₹19.45 Cr and satisfied charges of ₹50.8 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suyoggroup.com.
Company details
CIN history
Suyog Development Corporation has one previous CIN (Corporate Identification Number): U45201PN2004PTC019740. The current CIN is U45201PN2004PLC019740, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201PN2004PLC019740 | Current |
| U45201PN2004PTC019740 | Previous |
Contact details
Suyog Development Corporation Limited's registered office is in Pune, Maharashtra. Its website is suyoggroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSujay Garden Off No 27 Parshwabuilding 12 Mukund Nagar, Pune, Maharashtra, India – 411037
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Suyog Development Corporation 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
Brands
Suyog Development Corporation operates one associated brand: Suyog Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development specializing in residential projects in Pune, Maharashtra. | suyoggroup.com |
Business activity
The main business activities of Suyog Development Corporation are construction and electricity, gas, steam and air condition supply. In detail, this covers buildings and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Suyog Development Corporation Limited, buy the company report.
Financials of Suyog Development Corporation Limited
FY 2023 filings availableSuyog Development Corporation Limited reported revenue of ₹34.63 Cr (up 43% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 43% growth 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 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 | ₹34.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.51 Lakh | ||||
| 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 | 12.9% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Suyog Development Corporation Limited, buy the company report.
Board of directors of Suyog Development Corporation Limited
Suyog Development Corporation has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Keshavlal Shah | Director | 15 Sep 2004 | 22 Years 1 Months | Current |
| Kalpesh Bharat Shah | Director | 15 Sep 2004 | 22 Years 1 Months | Current |
| Nilesh Bharat Shah | Director | 15 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Suyog Development Corporation Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Builders and Developers, Wind Power), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sakthi Property Developers India Private Limited | ₹34.68 Cr (FY 2025) | 179.0% | Chennai, Tamil Nadu, India | |||
| Suyog Development Corporation Limitedthis company | ₹34.63 Cr (FY 2023) | ₹31.51 Lakh | 0.9% | 43.0% | 18 | Pune, Maharashtra, India |
| Vinayakkripa Realtors Private Limited | ₹34.58 Cr (FY 2025) | 115.0% | Allahabad, Uttar Pradesh, India | |||
| Okamura Homes Private Limited | ₹34.56 Cr (FY 2020) | -19.0% | Delhi, India | |||
| Aradhana Builders Private Limited | ₹34.53 Cr (FY 2024) | 52.0% | Rishikesh, Uttarakhand, India |
To see the full peer comparison of Suyog Development Corporation Limited, buy the company report.
Auditor
Suyog Development Corporation Limited is audited by ANKUR M. MEHTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKUR M. MEHTA & ASSOCIATES | FY 2023 | 163470 |
Shareholding
The shareholding of Suyog Development Corporation 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 Suyog Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2015 | 10595463 | Bajaj Finance Limited | ₹9.45 Cr | Open | |
| 22 Dec 2011 | 10329310 | State Bank of India Industrial Finance Branch | ₹10 Cr | Open | |
| 31 Aug 2015 | 10595936 | Bank of Maharashtra | ₹15 Cr | Satisfied | |
| 23 Jan 2013 | 10411076 | Bank of Maharashtra | ₹7.8 Cr | Satisfied | |
| 11 May 2012 | 10358991 | Bank of Maharashtra | ₹28 Cr | Satisfied |
To see the full charge records of Suyog Development Corporation Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Suyog Development Corporation Limited has 6 court cases on record: 2 filed by Suyog Development Corporation, 4 filed against it. 2 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Satara, Maharashtra | Civil suit | Filed against the company by Suman Motels Ltd Lord Panchgani Resort Bhilar Through Manager Prakash Sonawane | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Suyog Paradise CHS Ltd. Through Haji A.R. Shafizadeh and 1 other | Pending |
| District court, Pune, Maharashtra | Court case (R.C.A.) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CAI) | Filed by the company against an individual | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Suyog Development Corporation 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
Suyog Development Corporation Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 71 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suyog Enterprises | |||
| Aarya Enterprises | |||
| Bhikshu Granimart LLP | |||
| Glotech Fire Equipments & Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Suyog Development Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Suyog Development Corporation Limited has a workforce of 18 employees on its EPFO records as of Nov 29, 2024, across 1 active EPFO establishment.
GST
Suyog Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS6329R1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suyog Development Corporation Limited, buy the company report.
Recent activity
Suyog Development Corporation Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Nitin Bharat Shah ceased to be Director on 04 Aug 2020.
4 earlier events are in the company report.
Frequently asked questions
Suyog Development Corporation is an active public limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 September 2004 (22+ years old) and is registered under CIN U45201PN2004PLC019740.
Suyog Development Corporation has 3 current directors:
- Bharat Keshavlal Shah - Director
- Kalpesh Bharat Shah - Director
- Nilesh Bharat Shah - Director
The latest financial statements of Suyog Development Corporation on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Suyog Development Corporation is 27AAICS6329R1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Suyog Development Corporation is U45201PN2004PLC019740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suyog Development Corporation has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Suyog Development Corporation was incorporated on 15 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Suyog Development Corporation by revenue are Sakthi Property Developers India Private Limited, Vinayakkripa Realtors Private Limited, Okamura Homes Private Limited, Aradhana Builders Private Limited, all in the Cleantech industry (Builders and Developers, Wind Power), with the same principal business activity (buildings).
Nitin Bharat Shah ceased to be Director on 04 Aug 2020. Bharat Keshavlal Shah was appointed as Director on 15 Sep 2004. Kalpesh Bharat Shah was appointed as Director on 15 Sep 2004. Suyog Development Corporation has 5 board changes on record in total.
Suyog Development Corporation has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 71 overdue payments to 20 micro and small suppliers. The latest return was filed on 07 May 2024.
Suyog Development Corporation can be reached through the website suyoggroup.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Suyog Development Corporation is at Sujay Garden Off No 27 Parshwabuilding 12 Mukund Nagar, Pune, Maharashtra, India – 411037.