About Transcon - Sheth Creators Private Limited
Data last updated:
Transcon - Sheth Creators Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 03 June 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1986PTC039984. Its GSTIN is 27AAACT0197J1Z6 (Maharashtra).
The company has an authorised share capital of ₹3.51 Cr and a paid-up capital of ₹15 Lakh. It was formerly known as Transcon Properties Pvt Ltd. It is led by directors including Vijay Ambalal Patel and Kirti Vishwanath Kedia.
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 C – 302 3rd Floor Waterford Bldg Juhu Galli Above Navneet Motors Andheri (W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2023, the company reported a revenue of ₹236.52 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹2.74 Cr (net margin 1.2%) and EBITDA of ₹24.75 Cr (EBITDA margin 10.5%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹1,405.77 Cr and satisfied charges of ₹2,357.21 Cr on record. Court records list 118 cases involving the company, including 32 filed by the company and 86 filed against it; 24 cases are pending. The company has 7 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹79.2 Cr; the latest was in July 2020. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 1 smaller; the largest is Golden Rocks Realtors Private Limited with revenue of ₹248.63 Cr. The company has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,228 overdue payments to 49 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website transcon.in.
Company details
Contact details
Transcon - Sheth Creators Private Limited's registered office is in Mumbai, Maharashtra. Its website is transcon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 302 3rd Floor Waterford Bldg Juhu Galli Above Navneet Motors Andheri (W), Mumbai, Maharashtra, India – 400058
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Transcon - Sheth Creators 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 Transcon - Sheth Creators is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Transcon - Sheth Creators Private Limited, buy the company report.
Financials of Transcon - Sheth Creators Private Limited
FY 2023 filings availableTranscon - Sheth Creators Private Limited reported revenue of ₹236.52 Cr (down 50% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 50% fall in the latest year. EBITDA fell 79% 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 | ₹236.52 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹24.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.74 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.5% | ||||
| Net Profit Margin | 1.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Transcon - Sheth Creators Private Limited, buy the company report.
Board of directors of Transcon - Sheth Creators Private Limited
Transcon - Sheth Creators has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Ambalal Patel | Director | 24 Jul 2013 | 13 Years 3 Months | Current |
| Kirti Vishwanath Kedia Also directs: Sheth Creators and Homemakers Private Limited, Alleato Mercantiles LLP, Triumph Knights LLP and 5 more | Director | 03 Jun 1986 | 40 Years 5 Months | Current |
| Jitendra Natwarlal Sheth Also directs: Sheth & Ym Infra LLP, Neepa Real Estates Private Limited, Sheth Creators & Sun-Vision Private Limited and 5 more | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
| Vallabh Natwarlal Sheth Also directs: Sheth & Ym Infra LLP, Neepa Real Estates Private Limited, Sheth Creators & Sun-Vision Private Limited and 4 more | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
Peer comparison
Transcon - Sheth Creators 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Golden Rocks Realtors Private Limited | ₹248.63 Cr (FY 2025) | 155.0% | Jaipur, Rajasthan, India | |||
| Naiknavare Developers Private Limited | ₹248.32 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India | |||
| S.M.R. Builders Pvt Ltd | ₹247.6 Cr (FY 2023) | 108.0% | Telangana, India | |||
| Bhavna Property Developers Limited | ₹246.07 Cr (FY 2025) | 28.0% | Kalol(N G, Gujarat, India | |||
| Transcon - Sheth Creators Private Limitedthis company | ₹236.52 Cr (FY 2023) | ₹2.74 Cr | 1.2% | -50.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Transcon - Sheth Creators Private Limited, buy the company report.
Auditor
Transcon - Sheth Creators Private Limited is audited by M.B.Agrawal & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.B.Agrawal & Co | FY 2023 | 100137W |
Shareholding
The shareholding of Transcon - Sheth Creators 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 Transcon - Sheth Creators Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2023 | 100795958 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 22 Sep 2022 | 100628371 | Others | ₹2.99 Cr | Open | |
| 22 Sep 2022 | 100628369 | Others | ₹2.78 Cr | Open | |
| 31 Jul 2018 | 100198261 | Idbi Trusteeship Services Limited | ₹560 Cr | Open | |
| 27 Dec 2017 | 100155000 | Idbi Trusteeship Services Limited | ₹540 Cr | Open |
To see the full charge records of Transcon - Sheth Creators Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Transcon - Sheth Creators Private Limited has 7 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹79.2 Cr; the latest was in July 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Debt financing | ₹75 Cr | Investors: an individual |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Transcon - Sheth Creators 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
Transcon - Sheth Creators Private Limited has 118 court cases on record: 32 filed by Transcon - Sheth Creators, 86 filed against it. 24 cases are pending and 94 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 61 | 36 | 9 |
| District courts | 55 | 48 | 15 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 118)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed by the company against Bhadriya Developers LLP and 1 other | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed against the company by Square Yards Consulting Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Arisinfra Solutions Private Limited | Disposed |
| Bombay High Court | Court case (CAC) | Filed by the company against Conwood Developers Pvt. Ltd., and 2 others | Disposed |
| Bombay High Court | Appeal | Filed by the company against Conwood Developers Pvt. Ltd., and 2 others | Disposed |
To see the full case history of Transcon - Sheth Creators 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
Transcon - Sheth Creators Private Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Transcon - Sheth Creators Private Limited, buy the company report.
MSME payment delays
Transcon - Sheth Creators Private Limited has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,228 overdue payments to 49 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 49)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Gebi Hardware | |||
| Gyananjan Sales Corporation |
To see the full MSME payment records of Transcon - Sheth Creators Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Transcon - Sheth Creators has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Transcon Construction Infra Private Limited | U45309MH2021PTC364868 | |
| Transcon Dev JV Private Limited | U45400MH2021PTC365042 | |
| Sheth Creators and Homemakers Private Limited | U70102MH2013PTC247269 |
To see the full group structure of Transcon - Sheth Creators Private Limited, buy the company report.
GST
Transcon - Sheth Creators has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT0197J1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Transcon - Sheth Creators Private Limited, buy the company report.
Recent activity
Transcon - Sheth Creators Private Limited has 16 board changes on record since 1986: 4 appointments and 12 cessations. The latest: Amit Balkrishna Jalan ceased to be Director on 28 May 2020.
44 earlier events are in the company report.
News
Frequently asked questions
Transcon - Sheth Creators 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 03 June 1986 (40+ years old) and is registered under CIN U45200MH1986PTC039984.
Transcon - Sheth Creators has 4 current directors:
- Vijay Ambalal Patel - Director
- Kirti Vishwanath Kedia - Director
- Jitendra Natwarlal Sheth - Director
- Vallabh Natwarlal Sheth - Director
The latest financial statements of Transcon - Sheth Creators 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 Transcon - Sheth Creators is 27AAACT0197J1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Transcon - Sheth Creators is U45200MH1986PTC039984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Transcon - Sheth Creators has 118 court cases on record: 32 filed by the company and 86 filed against it. 24 are pending. Most are in the high courts.
Transcon - Sheth Creators was incorporated on 03 June 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Transcon - Sheth Creators has 7 deals on record (4 secondary share transfers, 1 funding round, 1 debt financing), with disclosed funding of ₹79.2 Cr; the latest was in July 2020.
The peers of Transcon - Sheth Creators by revenue are Golden Rocks Realtors Private Limited, Naiknavare Developers Private Limited, S.M.R. Builders Pvt Ltd, Bhavna Property Developers Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Amit Balkrishna Jalan ceased to be Director on 28 May 2020. Mehul Girish Sheth ceased to be Director on 28 May 2020. Bipin Vrajlal Shah ceased to be Director on 05 Jan 2019. Transcon - Sheth Creators has 16 board changes on record in total.
Transcon - Sheth Creators has 18 MSME Form 1 returns on record between 2018 and 2024, listing 1,228 overdue payments to 49 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Transcon - Sheth Creators can be reached through the website transcon.in. Its registered office is in Mumbai, Maharashtra, India.
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