VRS Developers Private Limited
About VRS Developers Private Limited
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VRS 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 21 February 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2003PTC139307. Its GSTIN is 27AABCV7819G1Z3 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors Sadanand Bhalchandra Sule and Dev Anand Veerabhadra.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Dubash House15 J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2023, the company reported a revenue of ₹14.64 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹10.87 Cr and EBITDA of ₹19.98 Cr. Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 4% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹2.62 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
VRS Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address1st Floor Dubash House15 J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of VRS Developers 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
Financials of VRS Developers Private Limited
FY 2025 filings availableVRS Developers Private Limited reported revenue of ₹14.64 Lakh (up 20% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 20% growth in the latest year. EBITDA rose 6% 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 | ₹14.64 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹19.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of VRS Developers Private Limited, buy the company report.
Board of directors of VRS Developers Private Limited
VRS Developers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadanand Bhalchandra Sule Also directs: Sniper Sports Ventures LLP, VS Agro Enterprises LLP, Laguna Developers Private Limited and 5 more | Director | 21 Feb 2003 | 23 Years 8 Months | Current |
| Dev Anand Veerabhadra Also directs: Laguna Developers Private Limited, Coldman Logistics Private Limited, Aarvee Cold Chain Logistics Private Limited and 5 more | Director | 19 Sep 2007 | 19 Years 1 Months | Current |
Auditor
VRS Developers Private Limited is audited by M P REDDY & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M P REDDY & ASSOCIATES | FY 2023 | 131623W |
Shareholding
The shareholding of VRS Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of VRS Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2013 | 10469577 | Bank of Baroda | ₹12 Lakh | Satisfied | |
| 21 Dec 2010 | 10261557 | Others | ₹2.5 Cr | Satisfied |
To see the full charge records of VRS Developers Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving VRS Developers Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VRS Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
VRS Developers has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| India Land Infrastructure Development Private Limited | U45200PN2005PTC140334 |
To see the full group structure of VRS Developers Private Limited, buy the company report.
GST
VRS Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCV7819G1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VRS Developers Private Limited, buy the company report.
Recent activity
VRS Developers Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Atul Ishwardas Chordia ceased to be Additional Director on 27 Sep 2011.
Frequently asked questions
VRS 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 21 February 2003 (23+ years old) and is registered under CIN U70100MH2003PTC139307.
VRS Developers has 2 current directors:
- Sadanand Bhalchandra Sule - Director
- Dev Anand Veerabhadra - Director
The latest financial statements of VRS Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VRS Developers is 27AABCV7819G1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of VRS Developers is U70100MH2003PTC139307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VRS Developers was incorporated on 21 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Atul Ishwardas Chordia ceased to be Additional Director on 27 Sep 2011. Supriya Sule Sadanand ceased to be Director on 24 Jan 2011. Dev Anand Veerabhadra was appointed as Director on 19 Sep 2007. VRS Developers has 4 board changes on record in total.
The registered office of VRS Developers is at 1st Floor Dubash House15 J N Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400001.
VRS Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
VRS Developers has no open charges and satisfied charges of ₹2.62 Cr as per latest MCA filings.