The Manjri Stud Farm Private Limited
About The Manjri Stud Farm Private Limited
Data last updated:
The Manjri Stud Farm Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Spref-Ii Pte. Ltd. It operates in the real estate financing segment of the financial services sector. It was incorporated on 26 October 1939 and has been in existence for over 87 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01211MH1939PTC003017. Its GSTIN is 27AAACT1947J2Z5 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹100.26 Cr. It was formerly known as The Manjri Stud Farm Limited. It is led by directors including Dhaval Vohera and Rajesh Premchand Agarwal.
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 70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.7 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹18.29 Cr (net margin -21.1%) and EBITDA of ₹52.28 Cr (EBITDA margin 60.3%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹751.75 Cr and satisfied charges of ₹1,066.41 Cr on record. Court records list 16 cases involving the company, including 13 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹168.01 Cr; the latest was in September 2023. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 3 smaller; the largest is Akarsh Residence Private Limited with revenue of ₹86.72 Cr. The company has 27 MSME Form 1 returns on record between 2015 and 2023, listing 1,723 overdue payments to 80 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
The Manjri Stud Farm Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of The Manjri Stud Farm 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 The Manjri Stud Farm 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 |
To see the full business activity and turnover split of The Manjri Stud Farm Private Limited, buy the company report.
Financials of The Manjri Stud Farm Private Limited
FY 2025 filings availableThe Manjri Stud Farm Private Limited reported revenue of ₹86.7 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 23% fall in the latest year. EBITDA fell 34% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.29 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 60.3% | ||||
| Net Profit Margin | -21.1% | ||||
| 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 The Manjri Stud Farm Private Limited, buy the company report.
Board of directors of The Manjri Stud Farm Private Limited
The Manjri Stud Farm has 3 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Vohera | Director | 27 Jan 2023 | 3 Years 9 Months | Current |
| Rajesh Premchand Agarwal | Director | 11 Jun 2018 | 8 Years 4 Months | Current |
| Ankit Nawal | Director | 31 Jul 2025 | 1 Years 2 Months | Current |
Peer comparison
The Manjri Stud Farm Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with 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 |
|---|---|---|---|---|---|---|
| Akarsh Residence Private Limited | ₹86.72 Cr (FY 2024) | 49.0% | Bengaluru, Karnataka, India | |||
| The Manjri Stud Farm Private Limitedthis company | ₹86.7 Cr (FY 2025) | -₹18.29 Cr | -21.1% | -23.0% | Mumbai, Maharashtra, India | |
| Tanmathra Aquarelle Developers Private Limited | ₹86.57 Cr (FY 2024) | -16.0% | Bengaluru, Karnataka, India | |||
| Reliance Progressive Traders Private Limited | ₹86.5 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Richwell Enterprises Private Limited | ₹86.45 Cr (FY 2025) | -1.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of The Manjri Stud Farm Private Limited, buy the company report.
Auditor
The Manjri Stud Farm Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of The Manjri Stud Farm 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 The Manjri Stud Farm Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2025 | 101061376 | Others | ₹1.25 Cr | Open | |
| 23 Jul 2024 | 100955387 | Others | ₹50 Lakh | Open | |
| 28 Mar 2024 | 100904121 | Idbi Trusteeship Services Limited | ₹750 Cr | Open | |
| 24 Jan 2022 | 100544008 | Others | ₹740 Cr | Satisfied | |
| 17 Nov 2021 | 100507202 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.12 Cr | Satisfied |
To see the full charge records of The Manjri Stud Farm Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
The Manjri Stud Farm Private Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹168.01 Cr; the latest was in September 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Rights issue | ₹9.5 Cr | Investors: Spref Ii Pte. Limited |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: Spref Ii Pte. Limited, SPIRE Investment Manager Pte. Ltd. Seller: Strand Developers Mauritius Limited & Mahesh Doorgakant, Strand Developers Mauritius Limited, Strand Developers Mauritius Limited & Chandra Gujadhur & Vasudev Appadoo |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: Strand Developers Mauritius Limited Seller: an individual |
| Jul 2009 | Funding round | ₹77.22 Cr | Investors: Strand Developers Mauritius Limited |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Strand Developers Mauritius Limited, an individual Seller: Shapoorji Pallonji and Company Private Limited , 2 individuals |
To see the full deal history of The Manjri Stud Farm 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
The Manjri Stud Farm Private Limited has 16 court cases on record: 13 filed by The Manjri Stud Farm, 3 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 0 |
| District courts | 5 | 1 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Court case (Reg.Sum.Suit) | Filed against the company by Qualcon Engineering Solutions Pvt.Ltd., Through Ramchandra Sudhakar Soman | Disposed |
| Bombay High Court | Company petition | Filed by the company against Media Wide (Sez) Private Limited (Formerly Brand Matrix Private Limited) - U72900mh2008ptc188174 and 1 other | Disposed |
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against JKL India Solutions Through Its Partner Mr. Santosh Venzanekar Etc and 2 others | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against The Pune Municipal Corporation and 3 others | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Pune Municipal Corporation and Anr | Disposed |
To see the full case history of The Manjri Stud Farm 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.
Credit ratings & regulatory alerts
The Manjri Stud Farm Private Limited was last rated by Icra on 28 Mar 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Mar 2016 |
To see the full credit ratings and regulatory alerts of The Manjri Stud Farm Private Limited, buy the company report.
MSME payment delays
The Manjri Stud Farm Private Limited has 27 MSME Form 1 returns on record between 2015 and 2023, listing 1,723 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Apg Associates | |||
| Emegatron Technologies Private Limited |
To see the full MSME payment records of The Manjri Stud Farm Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
The Manjri Stud Farm Private Limited has 1 active EPFO establishment as of Mar 22, 2024.
GST
The Manjri Stud Farm has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1947J2Z5 | Maharashtra | Active | 28 Jun 2017 |
| 27AAACT1947J1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of The Manjri Stud Farm Private Limited, buy the company report.
Recent activity
The Manjri Stud Farm Private Limited has 57 board changes on record since 1986: 30 appointments and 27 cessations. The latest: Ankit Nawal was appointed as Director on 31 Jul 2025.
87 earlier events are in the company report.
Frequently asked questions
The Manjri Stud Farm is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 26 October 1939 (87+ years old) and is registered under CIN U01211MH1939PTC003017.
The Manjri Stud Farm has 3 current directors:
- Dhaval Vohera - Director
- Rajesh Premchand Agarwal - Director
- Ankit Nawal - Director
The latest financial statements of The Manjri Stud Farm 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 The Manjri Stud Farm is 27AAACT1947J2Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACT1947J1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of The Manjri Stud Farm is U01211MH1939PTC003017. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The Manjri Stud Farm has 16 court cases on record: 13 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
The Manjri Stud Farm was incorporated on 26 October 1939, making it 87+ years old. It is registered with the Registrar of Companies, Mumbai.
The Manjri Stud Farm has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹168.01 Cr; the latest was in September 2023.
The peers of The Manjri Stud Farm by revenue are Akarsh Residence Private Limited, Tanmathra Aquarelle Developers Private Limited, Reliance Progressive Traders Private Limited, Richwell Enterprises Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Ankit Nawal was appointed as Director on 31 Jul 2025. Ashok Kumar Patidar ceased to be Director on 31 Jul 2025. Ashok Kumar Patidar was appointed as Director on 10 Mar 2023. The Manjri Stud Farm has 57 board changes on record in total.
The Manjri Stud Farm has 27 MSME Form 1 returns on record between 2015 and 2023, listing 1,723 overdue payments to 80 micro and small suppliers. The latest return was filed on 22 Nov 2023.
The registered office of The Manjri Stud Farm is at 70 Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
