About Element119 Leasing and Finance Private Limited
Data last updated:
Element119 Leasing and Finance Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved (liquidated) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 April 2013.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2013PTC241880. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It was led by directors including Sunil Makharia and Nilesh Deshbandhu Gupta.
Its last annual general meeting (AGM) was held on 22 April 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 159 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.05 Lakh, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Lakh (net margin 42%) and EBITDA of ₹1.7 Lakh (EBITDA margin 42.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is lupin.com.
Company details
Contact details
Element119 Leasing and Finance Private Limited's registered office is in Mumbai, Maharashtra. Its website is lupin.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address159 Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Element119 Leasing and Finance 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 Element119 Leasing and Finance Private Limited
FY 2019 filings availableElement119 Leasing and Finance Private Limited reported revenue of ₹4.05 Lakh (down 63% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 63% fall in the latest year. EBITDA fell 82% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.05 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.7 Lakh | ||||
| 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.1% | ||||
| Net Profit Margin | 42% | ||||
| 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 | |||||
To see the full financial statements and ratios of Element119 Leasing and Finance Private Limited, buy the company report.
Board of directors of Element119 Leasing and Finance Private Limited
Element119 Leasing and Finance has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Makharia Also directs: Lupin Manufacturing Solutions Limited, Polynova Industries Limited, Lupin Investments Private Limited and 3 more | Director | 17 Apr 2019 | 7 Years 6 Months | As last reported |
| Nilesh Deshbandhu Gupta Also directs: Lupin Manufacturing Solutions Limited, Polynova Industries Limited, Lupin Investments Private Limited and 5 more | Director | 15 Apr 2013 | 13 Years 7 Months | As last reported |
| Manju Deshbandhu Gupta Also directs: Lupin Manufacturing Solutions Limited, Polynova Industries Limited, Lupin Limited and 2 more | Director | 15 Apr 2013 | 13 Years 7 Months | As last reported |
Peer comparison
Element119 Leasing and Finance Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Finance), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahee Properties Private Limited | ₹4.05 Lakh (FY 2024) | Howrah, West Bengal, India | ||||
| Skyking Infrastructure Private Limited | ₹4.05 Lakh (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Spar Real Estate Private Limited | ₹4.05 Lakh (FY 2025) | -61.0% | Chennai, Tamil Nadu, India | |||
| Gayatri Dham Colonisers and Constructions (India) Limited | ₹4.05 Lakh (FY 2024) | -12.0% | Allahabad, Uttar Pradesh, India | |||
| Hariom Finance Private Limited | ₹4.05 Lakh (FY 2024) | 227.0% | Bangalore, Karnataka, India | |||
| Element119 Leasing and Finance Private Limitedthis company | ₹4.05 Lakh (FY 2019) | ₹1.7 Lakh | 42% | -63.0% | Mumbai, Maharashtra, India | |
| Smartping Finance Private Limited | ₹4.04 Lakh (FY 2025) | Mohali, Punjab, India | ||||
| Fair Village Private Limited | ₹4.04 Lakh (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Saksham Residency Private Limited | ₹4.04 Lakh (FY 2025) | -37.0% | Kolkata, West Bengal, India | |||
| Nischit Infratech Private Limited | ₹4.04 Lakh (FY 2025) | 45.0% | Mumbai, Maharashtra, India | |||
| Chitta Finlease Private Limited | ₹4.04 Lakh (FY 2025) | Mumbai, Maharashtra, India |
To see the full peer comparison of Element119 Leasing and Finance Private Limited, buy the company report.
Auditor
Element119 Leasing and Finance Private Limited is audited by ARORA & ARORA for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARORA & ARORA | FY 2019 | 100544W |
Shareholding
The shareholding of Element119 Leasing and Finance Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Element119 Leasing and Finance Private Limited, buy the company report.
Legal cases
Element119 Leasing and Finance Private Limited has 1 court case on record: 1 filed by Element119 Leasing and Finance. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Element119 Leasing and Finance 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 Element119 Leasing and Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Element119 Leasing and Finance has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Element119 Leasing and Finance Private Limited, buy the company report.
Recent activity
Element119 Leasing and Finance Private Limited has 4 board changes on record since 2013: 3 appointments and 1 cessation. The latest: Sunil Makharia ceased to be Additional Director on 22 Apr 2019.
Frequently asked questions
Element119 Leasing and Finance has been "Dissolved (Liquidated)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Element119 Leasing and Finance was a private limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 April 2013 and is registered under CIN U70101MH2013PTC241880. The company is recorded as dissolved (liquidated) in MCA records and no longer exists as a legal entity.
Element119 Leasing and Finance was incorporated on 15 April 2013. It is registered with the Registrar of Companies, Mumbai.
Element119 Leasing and Finance had 3 directors:
- Sunil Makharia - Director
- Nilesh Deshbandhu Gupta - Director
- Manju Deshbandhu Gupta - Director
The CIN (Corporate Identification Number) of Element119 Leasing and Finance is U70101MH2013PTC241880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Element119 Leasing and Finance is at 159 Cst Road Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
Element119 Leasing and Finance can be reached through the website lupin.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Element119 Leasing and Finance on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 22 April 2019. Year-wise statements from 2015 are in the company report.
No. Element119 Leasing and Finance has 1 GST registration on record and it is cancelled or inactive.
Element119 Leasing and Finance operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Element119 Leasing and Finance by revenue are Mahee Properties Private Limited, Skyking Infrastructure Private Limited, Spar Real Estate Private Limited, Gayatri Dham Colonisers and Constructions (India) Limited, Hariom Finance Private Limited and 5 more, all in the Real Estate industry (Builders and Developers, Finance).
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