Harkar Developers Private Limited
About Harkar Developers Private Limited
Data last updated:
Harkar Developers Private Limited was a private limited company based in Nagpur, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the developers segment of the construction sector. It was incorporated on 26 December 2011.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2011PTC225418. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Hardik Ravi Jaiswal and Reshma Ravi Jaiswal.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Khasra No.62 (Old 122/2) Of Mouza – Khairi P.S.K 16. Thasil Kamptee, Nagpur, Maharashtra, India – 441401.
As per the financials filed for FY 2017, the company reported a revenue of ₹15.49 Cr, a growth of 150% compared to the previous year. For the same year it recorded a net loss of ₹12.27 Lakh (net margin -0.8%) and EBITDA of ₹53.85 Lakh (EBITDA margin 3.5%).
Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 3 cases are pending.
Company details
Contact details
Harkar Developers Private Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKhasra No.62 (Old 122/2) Of Mouza – Khairi P.S.K 16. Thasil Kamptee, Nagpur, Maharashtra, India – 441401
- IndustryConstruction, Developers, Builders
To see the full contact details of Harkar 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
Business activity
The main business activity of Harkar Developers is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Harkar Developers Private Limited, buy the company report.
Financials of Harkar Developers Private Limited
FY 2017 filings availableHarkar Developers Private Limited reported revenue of ₹15.49 Cr (up 150% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 150% in the latest year. EBITDA rose 173% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹15.49 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹53.85 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹12.27 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 3.5% | ||
| Net Profit Margin | -0.8% | ||
| 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 Harkar Developers Private Limited, buy the company report.
Board of directors of Harkar Developers Private Limited
Harkar Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Ravi Jaiswal | Director | 21 Oct 2014 | 12 Years 0 Months | As last reported |
| Reshma Ravi Jaiswal | Director | 26 Dec 2011 | 14 Years 10 Months | As last reported |
Peer comparison
Harkar Developers Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Delta Sensor Private Limited | ₹15.49 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Pramukh Food Exports Private Limited | ₹15.49 Cr (FY 2024) | 104.0% | Vadodara, Gujarat, India | |||
| Jaiswal Retail India Private Limited | ₹15.49 Cr (FY 2025) | 91.0% | Delhi, India | |||
| Majee Iron & Minerals Private Limited | ₹15.49 Cr (FY 2024) | 35.0% | Purulia, West Bengal, India | |||
| Galaxy Enclave Private Limited | ₹15.49 Cr (FY 2024) | -6.0% | Jaipur, Rajasthan, India | |||
| Harkar Developers Private Limitedthis company | ₹15.49 Cr (FY 2017) | -₹12.27 Lakh | -0.8% | 150.0% | Nagpur, Maharashtra, India | |
| Texpert Textiles Private Limited | ₹15.49 Cr (FY 2017) | -13.0% | Mumbai, Maharashtra, India | |||
| Iras Trading Private Limited | ₹15.49 Cr (FY 2020) | 5.0% | Mumbai, Maharashtra, India | |||
| Ektelon Engineering and Projects Private Limited | ₹15.49 Cr (FY 2024) | 6.0% | Indore, Madhya Pradesh, India | |||
| NFB Exotik (India) Private Limited | ₹15.49 Cr (FY 2024) | 34.0% | Ahmedabad, Gujarat, India | |||
| Sai Krushi Ratn Agro Tech Farmers Producer Company Limited | ₹15.49 Cr (FY 2025) | -23.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Harkar Developers Private Limited, buy the company report.
Auditor
Harkar Developers Private Limited is audited by RAV & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAV & ASSOCIATES | FY 2017 | 126606 |
Shareholding
The shareholding of Harkar Developers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Harkar Developers Private Limited, buy the company report.
Legal cases
Harkar Developers Private Limited has 7 court cases on record: 3 filed by Harkar Developers, 4 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 2 | 3 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bank of Baroda | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Dera Finvest Pvt. Ltd. and 3 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Dera Finvest Pvt. Ltd. and 3 others | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by an individual | Disposed |
To see the full case history of Harkar Developers 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 Harkar Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Harkar Developers 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 Harkar Developers Private Limited, buy the company report.
Recent activity
Harkar Developers Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Manish Sahu ceased to be Director on 10 Feb 2021.
Frequently asked questions
Harkar Developers has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Harkar Developers was a private limited company based in Nagpur, Maharashtra, India. The company worked in developers, within the construction industry. It was incorporated on 26 December 2011 and is registered under CIN U70102MH2011PTC225418. The company has been struck off by the Registrar of Companies and is no longer operational.
Harkar Developers had 2 directors:
- Hardik Ravi Jaiswal - Director
- Reshma Ravi Jaiswal - Director
The CIN (Corporate Identification Number) of Harkar Developers is U70102MH2011PTC225418. 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 Harkar Developers is at Khasra No.62 Old 1222 Of Mouza – Khairi P.S.K 16. Thasil Kamptee, Nagpur, Maharashtra, India – 441401.
Harkar Developers was incorporated on 26 December 2011. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Harkar Developers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
No. Harkar Developers has 1 GST registration on record and it is cancelled or inactive.
Harkar Developers operated in the construction industry, in the developers segment. It worked in this industry before it was struck off.
The peers of Harkar Developers by revenue are Delta Sensor Private Limited, Pramukh Food Exports Private Limited, Jaiswal Retail India Private Limited, Majee Iron & Minerals Private Limited, Galaxy Enclave Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Harkar Developers has 7 court cases on record: 3 filed by the company and 4 filed against it. 3 are pending. Most are in the nclat.
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