Hurun India Rich List 2026 edition · 1 director
- #99 Niranjan Hiranandani ₹33,000 Cr
Revenue · FY 2024
₹30.68 Cr
▲ 18% YoY
Net profit · FY 2024
₹10.48 Cr
Net margin 34.2%
EBITDA · FY 2024
₹16.96 Cr
EBITDA margin 55.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹300 Cr
Satisfied ₹450 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
1
Provident fund records
About Volupia Developers Private Limited
Data last updated:
Volupia 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 02 November 2007 and has been in existence for over 19 years.
Its director Niranjan Hiranandani is #99 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2007PTC175672. Its GSTIN is 24AACCV5935E1ZF (Gujarat). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Niranjan Lakhumal Hiranandani and Kamal Niranjan Hiranandani.
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 514 Dalamal Towers 211 Fpj Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.68 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹10.48 Cr (net margin 34.2%) and EBITDA of ₹16.96 Cr (EBITDA margin 55.3%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 23% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹300 Cr and satisfied charges of ₹450 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virtualbuildingstudio.com.
Company Details of Volupia Developers Private Limited
CIN U45400MH2007PTC175672
Registration Number 175672
Incorporation Date 02 November 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Recognitions & Rankings of Volupia Developers
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address514 Dalamal Towers 211 Fpj Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
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Business Activity of Volupia Developers Private Limited
The main business activity of Volupia Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Volupia Developers Private Limited FY 2024 filings available
Volupia Developers Private Limited reported revenue of ₹30.68 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹30.68 Cr ▲ 18%
Net profit · FY 2024
₹10.48 Cr margin 34.2%
EBITDA · FY 2024
₹16.96 Cr margin 55.3%
Compounded Annual Growth Rate (CAGR) of Volupia Developers Private Limited
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 61%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 103%
5 years · compounded
▲ 44%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 18% growth in the latest year. EBITDA rose 35% 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 Volupia Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹16.96 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.48 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 of Volupia Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 34.2% | •••• | •••• | •••• | •••• |
| 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 Volupia Developers are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Volupia Developers Private Limited
Volupia Developers has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niranjan Lakhumal Hiranandani Also directs: Deogad Horticulture and Industries LLP, Hemangi Agro LLP, Sahyandri Hill Plantations LLP and 5 more | Director | 02 Nov 2007 | 18 Years 11 Months | Current |
| Kamal Niranjan Hiranandani Also directs: Deogad Horticulture and Industries LLP, Hemangi Agro LLP, Sahyandri Hill Plantations LLP and 5 more | Director | 02 Nov 2007 | 18 Years 11 Months | Current |
Peer Comparison of Volupia Developers Private Limited
Volupia 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 |
|---|---|---|---|---|---|---|
| Sugee Realtors Private Limited | ₹30.75 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Mumbai, Maharashtra, India |
| Tejraj Promoters & Builders Private Limited | ₹30.74 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Mahalaxmi Buildwell (India) Private Limited | ₹30.72 Cr (FY 2024) | •••• | •••• | 66.0% | •••• | Dehradun, Uttarakhand, India |
| Yj Realty Private Limited | ₹30.7 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Mumbai, Maharashtra, India |
| Sharada Erectors Private Limited | ₹30.69 Cr (FY 2023) | •••• | •••• | -48.0% | •••• | Pune, Maharashtra, India |
| Volupia Developers Private Limited this company | ₹30.68 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Mumbai, Maharashtra, India |
| Golden Falcon Pacific Limited | ₹30.65 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Mumbai, Maharashtra, India |
| Madhukamal Infrastructure Private Limited | ₹30.63 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Ahmedabad, Gujarat, India |
| Shah Group Builders & Infraprojects Limited | ₹30.62 Cr (FY 2017) | •••• | •••• | 23.0% | •••• | Navi Mumbai, Maharashtra, India |
| Raja Bahadur International Limited Listed | ₹30.61 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| SRR Grand Buildtech Private Limited | ₹30.59 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Volupia 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 Volupia Developers Private Limited
Volupia Developers Private Limited is audited by S.H.Patrawala & Co. (Swati H. Patrawala) for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.H.Patrawala & Co. (Swati H. Patrawala) | Locked | Locked | Locked |
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Ownership and Shareholding of Volupia Developers Private Limited
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Charges & Borrowings of Volupia Developers Private Limited
Open charges
₹300 Cr
Satisfied charges
₹450 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Aug 2021 | Others | ₹300 Cr | Satisfied |
| 14 Mar 2016 | Yes Bank Limited | ₹150 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Volupia Developers Private Limited
Volupia Developers Private Limited has a workforce of 1 employees as of Apr 09, 2024.
Employee count
1
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Volupia Developers Private Limited
Volupia Developers Private Limited has 2 board changes on record since 2007: 2 appointments. The latest: Kamal Niranjan Hiranandani was appointed as Director on 02 Nov 2007.
Charges
A charge registered on 18 Aug 2021 via Charge ID 100471155 with Others was fully satisfied on 04 Nov 2025.
AGM
Volupia Developers Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Volupia Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 30,000.00 Lakh with Charge ID 100471155 was registered on 18 Aug 2021.
Charges
A charge registered on 14 Mar 2016 via Charge ID 100016365 with Yes Bank Limited was fully satisfied on 11 Mar 2019.
Charges
A charge with Yes Bank Limited amounted to Rs. 15,000.00 Lakh with Charge ID 100016365 was registered on 14 Mar 2016.
Appointed
Kamal Niranjan Hiranandani was appointed as Director.
Appointed
Niranjan Lakhumal Hiranandani was appointed as Director.
Incorporation
02 Nov 2007
Volupia Developers Private Limited was registered on 02 Nov 2007 with Roc Mumbai & aged 18 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Volupia Developers Private Limited
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MSME Payment Delays by Volupia Developers Private Limited
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Subsidiaries & Group Companies of Volupia Developers Private Limited
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GST Compliance of Volupia Developers Private Limited
Volupia Developers has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCV5935E1ZF | Gujarat | Active | 01 Jul 2017 |
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MCA Filings & Documents of Volupia Developers Private Limited
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Frequently Asked Questions about Volupia Developers Private Limited
Volupia 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 02 November 2007 (19+ years old) and is registered under CIN U45400MH2007PTC175672.
Volupia Developers reported revenue of ₹30.68 Cr for FY 2024 (up 18% YoY).
Volupia Developers has 2 current directors:
- Niranjan Lakhumal Hiranandani - Director
- Kamal Niranjan Hiranandani - Director
Volupia Developers reported a net profit of ₹10.48 Cr (net margin 34.2%) and EBITDA of ₹16.96 Cr (EBITDA margin 55.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Volupia Developers is 61% over three years and 23% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Volupia Developers is 24AACCV5935E1ZF, registered in Gujarat. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Volupia Developers is U45400MH2007PTC175672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volupia Developers was incorporated on 02 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Volupia Developers by revenue are Sugee Realtors Private Limited, Tejraj Promoters & Builders Private Limited, Mahalaxmi Buildwell (India) Private Limited, Yj Realty Private Limited, Sharada Erectors Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Kamal Niranjan Hiranandani was appointed as Director on 02 Nov 2007. Niranjan Lakhumal Hiranandani was appointed as Director on 02 Nov 2007.
Volupia Developers can be reached through the website virtualbuildingstudio.com. Its registered office is in Mumbai, Maharashtra, India.