Sheth Developers Profile
Key Indicators
- Authorised Capital ₹ 88.35 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 32 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,028.38 Cr
- Satisfied Charges ₹ 4,872.03 Cr
- Revenue Growth -80.07%
- Profit Growth -82.63%
- Ebitda 60.18%
- Net Worth 7.55%
- Total Assets 17.46%
About Sheth Developers
Sheth Developers Private Limited (SDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 January 1993 and has a history of 32 years and one month. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Sheth Developers Limited. The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 88.35 Cr and a paid-up capital of Rs 10.00 Cr.
The company currently has active open charges totaling ₹1,028.38 Cr. The company has closed loans amounting to ₹4,872.03 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashwin Sheth, Hanuman Kanodia, Maulik Sheth, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45200MH1993PTC070335
- Company No.
070335
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Jan 1993
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Real Estate and Construction
Who are the key members and board of directors at Sheth Developers?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashwin Sheth  | Managing Director | 31-Mar-2003 | Current |
| Maulik Sheth | Managing Director | 11-Jan-2019 | Current |
| Chintan Sheth | Managing Director | 11-Jan-2019 | Current |
Board Members (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Hanuman Kanodia | Director | 08-Apr-2021 | Current |
Financial Performance of Sheth Developers.
Sheth Developers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 80.07% decrease. The company also saw a substantial fall in profitability, with a 82.63% decrease in profit. The company's net worth moved up by a moderate rise of 7.55%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Sheth Developers?
In 2023, Sheth Developers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Viviana Malls Private LimitedAshwin Sheth, Maulik Sheth and 1 more are mutual person
Sheth Infraworld Private LimitedAshwin Sheth, Maulik Sheth and 1 more are mutual person
Sheth Corp Private LimitedAshwin Sheth, Maulik Sheth and 1 more are mutual person
Lipi Data Systems LimitedHanuman Kanodia is a mutual person
Sheth Dream Projects LlpAshwin Sheth is a mutual person
- Sheth Homestead Private Limited
Ashwin Sheth is a mutual person
Charges (Loans)
Open Charges
₹1,028.38 Cr
Satisfied Charges
₹4,872.03 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 730.05 Cr
- Others : 273.28 Cr
- Hdfc Bank Limited : 23.81 Cr
- Axis Bank Limited : 1.24 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Feb 2024 | Axis Bank Limited | ₹1.24 Cr | Open |
| 13 Dec 2023 | Others | ₹50.00 Cr | Open |
| 31 Jul 2023 | Others | ₹70.00 Cr | Open |
| 17 Jan 2022 | Idbi Trusteeship Services Limited | ₹275.00 Cr | Open |
| 27 Dec 2021 | Others | ₹70.00 Cr | Open |
How Many Employees Work at Sheth Developers?
Sheth Developers has a workforce of 158 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Sheth Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sheth Developers's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Sheth Developers
Recent activity within the organization
- Charges
A charge with Axis Bank Limited amounted to Rs. 1.24 Cr with Charge ID 100889336 was registered on 13 Feb 2024.
- Charges
A charge with Others of Rs. 50.00 Cr registered on 13 Dec 2023 with Charge ID 100829554 was modified on 20 Dec 2023.
- Charges
A charge registered on 12 Apr 2021 via Charge ID 100442362 with Others was fully satisfied on 19 Dec 2023.
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100829554 was registered on 13 Dec 2023.
- Annual General Meeting
Sheth Developers Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 70.00 Cr with Charge ID 100763102 was registered on 31 Jul 2023.
Recent News, Updates & Announcement
- Altico Capital Partners Funds Mumbai's Sheth Group with Rs.370 Crore for Real Estate Project, Plans to Invest Rs.5,000 Crore in Residential Projects This Year; Naina Lal Kidwai Joins as Director.
Clearwater Capital Partners-backed Altico Capital gives Rs.370 crore loan to Mumbai-based Sheth group for real estate project. Interest rates at 17-17.50%. Altico CEO says Sheth has good track record. Altico plans to invest Rs.5,000 crore in residential projects this year. In 2016, they raised Rs.460 crore from IFC. Net worth is Rs.2,200 crore. Naina Lal Kidwai joins as director." #RealEstateGoals #MoneyMoves #AlticoCapital #ShethGroup #Mumbai #Loan #Investment #IFC #NainaLalKidwai.
- New Towers in Thane: Seth Developers' Vasant Lawns Project Impresses with #RealtyGoals.
Me: Just launched two towers in Thane. Everyone else: Wow, Seth Developers really be flexin' with their Vasant Lawns project. #RealtyGoals #ThaneLiving.
Frequently asked questions
What is the Incorporation or founding date of Sheth Developers Private Limited?
Sheth Developers Private Limited was incorporated on 06 Jan 1993.
What is authorized share capital and paid-up capital of Sheth Developers Private Limited?
The authorized share capital of Sheth Developers Private Limited is ₹ 88.35 Cr and paid-up capital is ₹ 10.00 Cr.
Who are the current board members & directors of Sheth Developers Private Limited?
Currently 4 directors are associated with Sheth Developers Private Limited.
- Ashwin Natwarlal Sheth
- Hanuman Parshad Kanodia
- Maulik Ashwin Sheth
- Chintan Ashwin Sheth
What is the registered address of Sheth Developers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sheth Developers Private Limited is Ground And 3Rd Floor Prius Infinity, Paranjape B Scheme Subhash Road Vile Parle(East), Mumbai, Maharashtra, India, 400057.
What is the corporate identification number (CIN) and company number of Sheth Developers Private Limited?
The corporate identification number (CIN) of Sheth Developers Private Limited is U45200MH1993PTC070335 and the company number is 070335 as per Ministry of Corporate Affairs (MCA).
What is the official website of Sheth Developers Private Limited?
The Official website of Sheth Developers Private Limited is https://www.shethdevelopers.com
What has been the recent revenue trend for Sheth Developers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Sheth Developers Private Limited has fallen by -80.07%.
How many employees does Sheth Developers Private Limited currently have?
As Per 2023 financial reports, 158 employees are currently employed by Sheth Developers Private Limited.
What change has been observed in the net worth of Sheth Developers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Sheth Developers Private Limited has experienced an upsurge of 7.55%.
What are the total open charges for Sheth Developers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Sheth Developers Private Limited amount to ₹ 1,028.38 Cr.
When was the last Balance Sheet of Sheth Developers Private Limited filed with the ROC?
The most recent Balance Sheet for Sheth Developers Private Limited was filed with the ROC on 31 Mar 2023.
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