About Vastav Developers Private Limited
Data last updated:
Vastav Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate marketing and sales segment of the real estate and construction sector. It was incorporated on 19 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1992PTC069106. Its GSTIN is 27AAACV4936H1Z6 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ashwini Ajit Karandikar and Ajit Ganesh Karandikar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Block No. 403 Vilas Apartment Nr. Sai Avenue Navghar Mulund (East), Mumbai, Maharashtra, India – 400081.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.61 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹24.37 Lakh (net margin 2.5%) and EBITDA of ₹25.72 Lakh (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 21% over five years.
As per MCA filings, the company has satisfied charges of ₹16.48 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company; 1 case is 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 vastavgroup.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressBlock No. 403 Vilas Apartment Nr. Sai Avenue Navghar Mulund (East), Mumbai, Maharashtra, India – 400081
- IndustryReal Estate and Construction, Real Estate Marketing & Sales
- 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
- One PDF report, delivered after checkout
Business Activity of Vastav Developers Private Limited
The main business activity of Vastav Developers is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vastav Developers Private Limited FY 2024 filings available
Vastav Developers Private Limited reported revenue of ₹9.61 Cr (up 132% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vastav Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 132% growth in the latest year. EBITDA rose 118% 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 of Vastav Developers Private Limited
| 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 | ₹25.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹24.37 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 of Vastav Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vastav Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vastav Developers Private Limited
Vastav Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Real Estate Marketing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mayfair Resorts (India) Limited | ₹9.76 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | New Delhi, Delhi, India |
| Sanchar Infratech Private Limited | ₹9.72 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Jaipur, Rajasthan, India |
| Green Tech Residencies Private Limited | ₹9.65 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | New Delhi, Delhi, India |
| Gayatri Ganga Construction Private Limited | ₹9.65 Cr (FY 2025) | •••• | •••• | 104.0% | •••• | Pratapgarh, Uttar Pradesh, India |
| Samanvay Buildmart Private Limited | ₹9.62 Cr (FY 2025) | •••• | •••• | -43.0% | •••• | Jaipur, Rajasthan, India |
| Vastav Developers Private Limited this company | ₹9.61 Cr (FY 2025) | •••• | •••• | 132.0% | •••• | Mumbai, Maharashtra, India |
| Sri Logillu Marketing and Services Private Limited | ₹9.6 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Hyderabad, Telangana, India |
| Shanno Business India Private Limited | ₹9.57 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Raipur, Chhattisgarh, India |
| Kamayani Agencies Pvt Ltd. | ₹9.55 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Kolkata, West Bengal, India |
| Cama Automobiles Private Ltd. | ₹9.44 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Delhi, India |
| Exult Devcon Private Limited | ₹9.41 Cr (FY 2023) | •••• | •••• | 19314.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Vastav Developers by revenue in the Real Estate industry (Real Estate Marketing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Vastav Developers Private Limited
Vastav Developers Private Limited is audited by KARLEKAR & GOKHALE for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KARLEKAR & GOKHALE | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vastav Developers Private Limited
Vastav Developers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwini Ajit Karandikar Also directs: Vastav Realtors (India) Private Limited | Director | 06 Feb 2009 | 17 Years 8 Months | Current |
| Ajit Ganesh Karandikar Also directs: Extra Edge Table Tennis Foundation | Director | 19 Oct 1992 | 33 Years 11 Months | Current |
Ownership and Shareholding of Vastav Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vastav Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Apr 2019 | Others | ₹3 Cr | Satisfied |
| 05 May 2017 | Others | ₹7 Cr | Satisfied |
| 17 Oct 2015 | State Bank of India | ₹4.95 Cr | Satisfied |
| 10 Dec 2010 | Samarth Sahakari Bank Limited Solapur | ₹1.5 Cr | Satisfied |
| 17 Apr 2001 | The Cosmos Co.Operative Bank Limited | ₹3 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Vastav Developers Private Limited
Vastav Developers Private Limited has 4 court cases on record: 3 filed by Vastav Developers, 1 where it is another party. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Additional Commissioner Central GST and Ex, Navi Mumbai | Pending |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Vastav Developers Private Limited
Employment history and EPFO contributions of people linked to Vastav Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vastav Developers Private Limited
Vastav Developers Private Limited has 7 board changes on record since 1992: 2 appointments and 5 cessations. The latest: Chhabiraj Madhusudhan Rane ceased to be Director on 01 Apr 2019.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vastav Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vastav Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vastav Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vastav Developers Private Limited
Vastav Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4936H1Z6 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vastav Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vastav Developers Private Limited
Vastav Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 19 October 1992 (34+ years old) and is registered under CIN U70100MH1992PTC069106.
Vastav Developers reported revenue of ₹9.61 Cr for FY 2025 (up 132% YoY).
Vastav Developers has 2 current directors:
- Ashwini Ajit Karandikar - Director
- Ajit Ganesh Karandikar - Director
Vastav Developers reported a net profit of ₹24.37 Lakh (net margin 2.5%) and EBITDA of ₹25.72 Lakh (EBITDA margin 2.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vastav Developers is -23% over three years and 21% over five years. In the latest year (FY 2025) revenue rose 132%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vastav Developers is 27AAACV4936H1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vastav Developers is U70100MH1992PTC069106. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vastav Developers has 4 court cases on record: 3 filed by the company. 1 is pending.
Vastav Developers was incorporated on 19 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vastav Developers by revenue are Mayfair Resorts (India) Limited, Sanchar Infratech Private Limited, Green Tech Residencies Private Limited, Gayatri Ganga Construction Private Limited, Samanvay Buildmart Private Limited and 5 more, all in the Real Estate industry (Real Estate Marketing).
Chhabiraj Madhusudhan Rane ceased to be Director on 01 Apr 2019. Ashwini Ajit Karandikar ceased to be Additional Director on 30 Sep 2009. Ashwini Ajit Karandikar was appointed as Director on 06 Feb 2009. Vastav Developers has 7 board changes on record in total.