Vatsal Developers Private Limited
About Vatsal Developers Private Limited
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Vatsal Developers 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 10 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2005PTC156641.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh. It is led by directors Ashwin Murlidhar Shah and Sangeeta Ashwin Shah.
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 Shop No 5 Panchsheel Heights Mahavir Nagar Off M.G.Road Kandivali (West), Mumbai, Maharashtra, India – 400067.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.06 Lakh, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹7.46 Lakh (net margin 67.5%) and EBITDA of ₹9.72 Lakh (EBITDA margin 87.9%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressShop No 5 Panchsheel Heights Mahavir Nagar Off M.G.Road Kandivali (West), Mumbai, Maharashtra, India – 400067
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Financials of Vatsal Developers Private Limited FY 2025 filings available
Vatsal Developers Private Limited reported revenue of ₹11.06 Lakh (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vatsal Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 51% fall in the latest year. EBITDA fell 46% 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 Vatsal 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 | ₹9.72 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.46 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 Vatsal Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 67.5% | •••• | •••• | •••• | •••• |
| 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 Vatsal 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 Vatsal Developers Private Limited
Vatsal Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pda Enterprises Private Limited | ₹11.07 Lakh (FY 2025) | •••• | •••• | -30.0% | •••• | Meerut, Uttar Pradesh, India |
| Bagban Abasan Private Limited | ₹11.07 Lakh (FY 2025) | •••• | •••• | -21.0% | •••• | Kolkata, West Bengal, India |
| Gemskorrp Impex Private Limited | ₹11.07 Lakh (FY 2016) | •••• | •••• | -32.0% | •••• | Kolkata, West Bengal, India |
| Caliber Infratech Private Limited | ₹11.06 Lakh (FY 2025) | •••• | •••• | -87.0% | •••• | Kudal, Maharashtra, India |
| Vaastu Structures Private Limited | ₹11.06 Lakh (FY 2024) | •••• | •••• | -49.0% | •••• | Bangalore, Karnataka, India |
| Vatsal Developers Private Limited this company | ₹11.06 Lakh (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| United Infratowers Private Limited | ₹11.06 Lakh (FY 2024) | •••• | •••• | -82.0% | •••• | Rudrapur, Uttarakhand, India |
| Dhasak Creation India Private Limited | ₹11.05 Lakh (FY 2025) | •••• | •••• | •••• | Navi Mumbai, Maharashtra, India | |
| Padma (India) Ltd | ₹11.05 Lakh (FY 2025) | •••• | •••• | 791.0% | •••• | Kolkata, West Bengal, India |
| Savannah Realty Private Limited | ₹11.05 Lakh (FY 2016) | •••• | •••• | -46.0% | •••• | Ahmedabad, Gujarat, India |
| Anu Buildwell Private Limited | ₹11.05 Lakh (FY 2024) | •••• | •••• | 37.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Vatsal Developers by revenue in the Real Estate industry (Builders and Developers), 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 Vatsal Developers Private Limited
Vatsal Developers Private Limited is audited by SANDEEP SHAH & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANDEEP SHAH & ASSOCIATES | 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 Vatsal Developers Private Limited
Vatsal Developers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Murlidhar Shah | Director | 10 Oct 2005 | 20 Years 11 Months | Current |
| Sangeeta Ashwin Shah Also directs: Keshaavs Multitrade Private Limited | Director | 10 Oct 2005 | 20 Years 11 Months | Current |
Ownership and Shareholding of Vatsal 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 Vatsal Developers Private Limited
Vatsal Developers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Vatsal Developers Private Limited
Employment history and EPFO contributions of people linked to Vatsal 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 Vatsal Developers Private Limited
Vatsal Developers Private Limited has 2 board changes on record since 2005: 2 appointments. The latest: Ashwin Murlidhar Shah was appointed as Director on 10 Oct 2005.
Credit Ratings, Litigation & Regulatory Alerts for Vatsal 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 Vatsal 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 Vatsal 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 Vatsal Developers Private Limited
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 Vatsal 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 Vatsal Developers Private Limited
Vatsal Developers 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 10 October 2005 (21+ years old) and is registered under CIN U70100MH2005PTC156641.
Vatsal Developers reported revenue of ₹11.06 Lakh for FY 2025 (down 51% YoY).
Vatsal Developers has 2 current directors:
- Ashwin Murlidhar Shah - Director
- Sangeeta Ashwin Shah - Director
Vatsal Developers reported a net profit of ₹7.46 Lakh (net margin 67.5%) and EBITDA of ₹9.72 Lakh (EBITDA margin 87.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vatsal Developers is -12% over three years and -5% over five years. In the latest year (FY 2025) revenue fell 51%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Vatsal Developers is U70100MH2005PTC156641. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vatsal Developers was incorporated on 10 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Vatsal Developers by revenue are Pda Enterprises Private Limited, Bagban Abasan Private Limited, Gemskorrp Impex Private Limited, Caliber Infratech Private Limited, Vaastu Structures Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Ashwin Murlidhar Shah was appointed as Director on 10 Oct 2005. Sangeeta Ashwin Shah was appointed as Director on 10 Oct 2005.
The registered office of Vatsal Developers is at Shop No 5 Panchsheel Heights Mahavir Nagar Off M.G.Road Kandivali West, Mumbai, Maharashtra, India – 400067.
Vatsal Developers has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8 Lakh.