About Viraj Estates Private Limited
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Viraj Estates 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 08 April 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH1991PTC061082. Its GSTIN is 27AAACM4414F1ZU (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.82 Cr. It was formerly known as Mahavir Land Developers Pvt Ltd. It is led by directors including Vilas Rasiklal Shah and Chandrashekhar Babulal Shah.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹108.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹4.37 Cr (net margin 4%) and EBITDA of ₹11.81 Cr (EBITDA margin 10.9%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 42% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹206.26 Cr and satisfied charges of ₹34.22 Cr on record. Court records list 52 cases involving the company, including 25 filed by the company and 27 filed against it; 19 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 virajestates.com.
Company details
Contact details
Viraj Estates Private Limited's registered office is in Mumbai, Maharashtra. Its website is virajestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No.2 Ground Floor Clover Co – Op. Housing Society Naushir Barucha Marg Grant Roa, D, Mumbai, Maharashtra, India – 400007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Viraj Estates 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 Viraj Estates is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Viraj Estates Private Limited, buy the company report.
Financials of Viraj Estates Private Limited
FY 2025 filings availableViraj Estates Private Limited reported revenue of ₹108.81 Cr (up 194% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 194% growth in the latest year. EBITDA fell 5% 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 |
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| EBITDA | ₹11.81 Cr | ||||
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| Net Profit (PAT) | ₹4.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 10.9% | ||||
| Net Profit Margin | 4% | ||||
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To see the full financial statements and ratios of Viraj Estates Private Limited, buy the company report.
Board of directors of Viraj Estates Private Limited
Viraj Estates has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Viraj Estates Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D. G. Land Developers Private Limited | ₹109.48 Cr (FY 2025) | 75.0% | Mumbai, Maharashtra, India | |||
| Evinos Builders Limited | ₹109.47 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Viraj Estates Private Limitedthis company | ₹108.81 Cr (FY 2025) | ₹4.37 Cr | 4% | 194.0% | 18 | Mumbai, Maharashtra, India |
| Wagholi Estates Private Limited | ₹108.64 Cr (FY 2025) | 1041.0% | Pune, Maharashtra, India |
To see the full peer comparison of Viraj Estates Private Limited, buy the company report.
Auditor
Viraj Estates Private Limited is audited by SNSS & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNSS & ASSOCIATES | FY 2023 | 146899W |
Shareholding
The shareholding of Viraj Estates 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 Viraj Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2025 | 101100583 | Others | ₹15 Cr | Open | |
| 14 May 2025 | 101098172 | Others | ₹1.59 Cr | Open | |
| 03 May 2025 | 101096094 | Hdfc Bank Limited | ₹15 Lakh | Open | |
| 30 Oct 2024 | 100998882 | Others | ₹15 Cr | Open | |
| 16 Feb 2024 | 100869403 | Others | ₹4.7 Cr | Open |
To see the full charge records of Viraj Estates Private Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Viraj Estates Private Limited has 52 court cases on record: 25 filed by Viraj Estates, 27 filed against it. 19 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 17 | 10 |
| High courts | 19 | 9 | 9 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by individuals | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| Bombay High Court | Appeal | Filed by the company against an individual | Pending |
To see the full case history of Viraj Estates 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Viraj Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Viraj Estates Private Limited has a workforce of 18 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Viraj Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM4414F1ZU | Maharashtra | Active | 07 Jan 2019 |
To see the full GST registrations and return filing status of Viraj Estates Private Limited, buy the company report.
Recent activity
Viraj Estates Private Limited has 9 board changes on record since 1991: 6 appointments and 3 cessations. The latest: Rohit Manilal Shah ceased to be Director on 19 Apr 2024.
30 earlier events are in the company report.
Frequently asked questions
Viraj Estates 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 08 April 1991 (35+ years old) and is registered under CIN U70101MH1991PTC061082.
Viraj Estates has 6 current directors:
- Vilas Rasiklal Shah - Director
- Chandrashekhar Babulal Shah - Director
- Rajendra Rasiklal Shah - Director
- Viraj Vilas Shah - Director
- Karan Rajendra Shah - Director
- Vaishal Dushyant Naik - Director
The latest financial statements of Viraj Estates 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 Viraj Estates is 27AAACM4414F1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Viraj Estates is U70101MH1991PTC061082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viraj Estates has 52 court cases on record: 25 filed by the company and 27 filed against it. 19 are pending. Most are in the district courts.
Viraj Estates was incorporated on 08 April 1991, making it 35+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Viraj Estates by revenue are D. G. Land Developers Private Limited, Evinos Builders Limited, Wagholi Estates Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities).
Rohit Manilal Shah ceased to be Director on 19 Apr 2024. Vilas Rasiklal Shah ceased to be Additional Director on 30 Nov 2021. Vilas Rasiklal Shah was appointed as Director on 25 Nov 2021. Viraj Estates has 9 board changes on record in total.
Viraj Estates can be reached through the website virajestates.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Viraj Estates is at Flat No.2 Ground Floor Clover Co – Op. Housing Society Naushir Barucha Marg Grant Roa, D, Mumbai, Maharashtra, India – 400007.