Initiative Properties and Developers Private Limited
About Initiative Properties and Developers Private Limited
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Initiative Properties and Developers Private Limited was a private limited company based in New Delhi, Delhi, 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 real estate leasing and property management segment of the real estate sector. It was incorporated on 10 June 2006.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U70109DL2006PTC149611.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Vipin Bisht and Ram Krishan Paliya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at GF 5589 Basant Road, New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2024, the company reported a revenue of ₹29,000, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹245 (net margin -0.8%) and EBITDA of -₹245 (EBITDA margin -0.8%).
Company details
Contact details
Initiative Properties and Developers Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGF 5589 Basant Road, New Delhi, Delhi, India – 110055
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Initiative Properties and 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 Initiative Properties and Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Initiative Properties and Developers Private Limited
FY 2024 filings availableInitiative Properties and Developers Private Limited reported revenue of ₹29,000 (up 314% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 314% in the latest year. EBITDA rose 73% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹245 | ||||
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| Net Profit (PAT) | -₹245 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -0.8% | ||||
| Net Profit Margin | -0.8% | ||||
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To see the full financial statements and ratios of Initiative Properties and Developers Private Limited, buy the company report.
Board of directors of Initiative Properties and Developers Private Limited
Initiative Properties and Developers has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipin Bisht | Director | 01 Aug 2023 | 3 Years 2 Months | As last reported |
| Ram Krishan Paliya | Director | 01 Aug 2023 | 3 Years 2 Months | As last reported |
Peer comparison
Initiative Properties and Developers Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quiver Realtors Private Limited | ₹29,050 (FY 2016) | 153.0% | New Delhi, Delhi, India | |||
| Precise Realty Private Limited | ₹29,037 (FY 2023) | -100.0% | Mumbai, Maharashtra, India | |||
| Lookline Vanijya Private Limited | ₹29,033 (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Initiative Properties and Developers Private Limitedthis company | ₹29,000 (FY 2024) | -₹245 | -0.8% | 314.0% | New Delhi, Delhi, India | |
| MN Real Estates Private Limited | ₹29,000 (FY 2025) | -13.0% | Howrah, West Bengal, India | |||
| Kasturi Infraproperties Private Limited | ₹29,000 (FY 2025) | 8.0% | Kolkata, West Bengal, India | |||
| Trishla Realtors Private Limited | ₹29,000 (FY 2025) | 61.0% | Delhi, India | |||
| Silverstreet Infrastructure Private Limited | ₹29,000 (FY 2025) | Delhi, India | ||||
| Navneet Realtors Private Limited | ₹29,000 (FY 2025) | 93.0% | Delhi, India | |||
| Elixir Infrastructure Private Limited | ₹29,000 (FY 2025) | 480.0% | Delhi, India | |||
| Nadish Real Estate Private Limited | ₹29,000 (FY 2025) | -40.0% | Gurugram, Haryana, India |
To see the full peer comparison of Initiative Properties and Developers Private Limited, buy the company report.
Auditor
Initiative Properties and Developers Private Limited is audited by AMARPAL & ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMARPAL & ASSOCIATES | FY 2016 | 023287N |
Shareholding
The shareholding of Initiative Properties and 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 Initiative Properties and Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Initiative Properties and 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 Initiative Properties and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Initiative Properties and Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Initiative Properties and Developers Private Limited has 8 board changes on record since 2007: 2 appointments and 6 cessations. The latest: Ram Krishan Paliya ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Initiative Properties and 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.
Initiative Properties and Developers was a private limited company based in New Delhi, Delhi, India. The company worked in real estate leasing, within the real estate industry. It was incorporated on 10 June 2006 and is registered under CIN U70109DL2006PTC149611. The company has been struck off by the Registrar of Companies and is no longer operational.
Initiative Properties and Developers had 2 directors:
- Vipin Bisht - Director
- Ram Krishan Paliya - Director
The CIN (Corporate Identification Number) of Initiative Properties and Developers is U70109DL2006PTC149611. 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 Initiative Properties and Developers is at GF 5589 Basant Road, New Delhi, Delhi, India – 110055.
Initiative Properties and Developers was incorporated on 10 June 2006. It is registered with the Registrar of Companies, Delhi.
The latest financial statements of Initiative Properties and Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
Initiative Properties and Developers operated in the real estate industry, in the real estate leasing segment. It worked in this industry before it was struck off.
The peers of Initiative Properties and Developers by revenue are Quiver Realtors Private Limited, Precise Realty Private Limited, Lookline Vanijya Private Limited, MN Real Estates Private Limited, Kasturi Infraproperties Private Limited and 5 more, all in the same principal business activity (real estate activities with own or leased property).
Ram Krishan Paliya ceased to be Additional Director on 29 Sep 2023. Vipin . Bisht ceased to be Additional Director on 29 Sep 2023. Ram Krishan Paliya was appointed as Director on 01 Aug 2023. Initiative Properties and Developers has 8 board changes on record in total.
The compliance status of Initiative Properties and Developers is compliant as of 25 July 2026.