Ratnabhumi Developers was originally incorporated as 'Navratna C G Road Properties Private Limited at Ahmedabad on July 27, 2006 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issue d by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Subsequently, the name of the company was changed to 'Ratnabhumi Developers Private Limited' on July 9, 2009 and fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Consequently upon the conversion of the Company into public limited company, the name of the Company was changed to 'Ratnabhumi Developers Limited and fresh Certificate of Incorporation dated September 18, 2017 was issued by the Registrar of Companies, Gujarat, Dadra and
Ratnabhumi Developers was originally incorporated as 'Navratna C G Road Properties Private Limited at Ahmedabad on July 27, 2006 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issue d by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Subsequently, the name of the company was changed to 'Ratnabhumi Developers Private Limited' on July 9, 2009 and fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Consequently upon the conversion of the Company into public limited company, the name of the Company was changed to 'Ratnabhumi Developers Limited and fresh Certificate of Incorporation dated September 18, 2017 was issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Mr. Pranav Shah, Mr. Devang Shah and corporate promoter Navratna Organisers & Developers Pvt. Ltd. ('Original Promoters') floated the Company in the year 2006 with the object of acquiring land, carrying out construction work, developing and organizing of immovable properties etc. In the year 2006-07, the Company took the unsecured loan of ` 3768.00 Lakhs from the parties belonging to original promoters and purchased piece and parcel of land at cost of ` 44.35 Crores (admeasuring area of 5017 square Meters) which is situated in prime location of Ahmedabad city at Panchvati Panch Rasta, C.G. Road, Ahmedabad. With the intention to commence the project namely 'Turquoise on the said piece and parcel of land, their previous promoters Mr. Jitendra Shah and Mr. Mahendra Shah ('Ratna Group) took over the company by acquiring 100% Equity Share holding along with all the assets and liabilities of company from original promoters in the beginning of the year 2009-10. Mr. Jitendra Shah and Mr. Mahendra Shah were appointed as Promoter-Executive Director of the company w.e.f. April 1, 2009.
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