About Synergy Property Development Services Private Limited
Data last updated:
Synergy Property Development Services Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Colliers International (India) Property Services Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the infrastructure project management segment of the infrastructure and utilities sector. It was incorporated on 16 January 2003.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2003PTC340546. Its GSTIN is 27AAHCS1556K1Z1 (Maharashtra). The company held 10 GST registrations, of which 8 are active.
The company had an authorised share capital of ₹103.82 Cr and a paid-up capital of ₹1.02 Cr. It was led by directors including Sankey Prasad (Managing Director) and Paul Nathan Baxter.
Its last annual general meeting (AGM) was held on 06 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹187.17 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹10.75 Cr (net margin 5.7%) and EBITDA of ₹15.47 Cr (EBITDA margin 8.3%).
The company had about 755 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Synergy Industries. Court records list 14 cases involving the company, including 6 filed by the company and 8 filed against it. The company has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹34.39 Cr; the latest was in March 2020.
The last known website on record is synergyind.com.
Company details
CIN history
Synergy Property Development Services has one previous CIN (Corporate Identification Number): U74140KA2003PTC031477. The current CIN is U74140MH2003PTC340546, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH2003PTC340546 | Current |
| U74140KA2003PTC031477 | Previous |
Contact details
Synergy Property Development Services Private Limited's registered office is in Mumbai, Maharashtra. Its website is synergyind.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressIndiabulls Finance Centre 17th Floor Unit No. 1701 Tower 3 Senapati Bapat Marg Elphinston, E (West), Mumbai, Maharashtra, India – 400013
- IndustryInfrastructure and Utilities, Infrastructure Project Management
To see the full contact details of Synergy Property Development Services 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
Brands
Synergy Property Development Services operates one associated brand: Synergy Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Light gauge steel truss systems are designed, fabricated, and installed. | synergyind.com |
Business activity
The main business activity of Synergy Property Development Services is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Synergy Property Development Services Private Limited, buy the company report.
Financials of Synergy Property Development Services Private Limited
FY 2021 filings availableSynergy Property Development Services Private Limited reported revenue of ₹187.17 Cr (down 37% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 37% in the latest year. EBITDA fell 21% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹187.17 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹15.47 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.75 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 5.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Synergy Property Development Services Private Limited, buy the company report.
Board of directors of Synergy Property Development Services Private Limited
Synergy Property Development Services has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankey Prasad Also directs: Tritvam Realty Investments LLP, Sailingstones Technologies LLP, Cherry Infra and Tech Solutions Private Limited and 1 more | Managing Director | 26 Feb 2003 | 23 Years 8 Months | As last reported |
| John William Kenny | Nominee Director | 18 Jun 2020 | 6 Years 4 Months | As last reported |
| Leo Wong Hang | Nominee Director | 15 Nov 2019 | 6 Years 11 Months | As last reported |
| Paul Nathan Baxter | Director | 15 Oct 2019 | 7 Years 0 Months | As last reported |
Auditor
Synergy Property Development Services Private Limited is audited by ARAVIND PAVITHRA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARAVIND PAVITHRA & ASSOCIATES | FY 2021 | 013581S |
Shareholding
The shareholding of Synergy Property Development Services Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Synergy Property Development Services Private Limited, buy the company report.
Deals & funding
Synergy Property Development Services Private Limited has 14 deals on record (9 secondary share transfers, 5 funding rounds), with disclosed funding of ₹34.39 Cr; the latest was in March 2020.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Seller: JV Holding Private Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Colliers International (India) Property Services Private Limited Seller: ESOP Trust, 3 individuals |
| Nov 2018 | Secondary share transfer | Undisclosed | Buyer: Supernus Property Development Services Private Limited Seller: Bre/Synergy Holding |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: Supernus Property Development Services Private Limited Seller: Bre/Synergy Holding |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Supernus Property Development Services Private Limited Seller: Bre/Synergy Holding |
To see the full deal history of Synergy Property Development Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Synergy Property Development Services Private Limited has 14 court cases on record: 6 filed by Synergy Property Development Services, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 5 | 0 |
| High courts | 3 | 2 | 0 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Civil suit | Filed against the company by Pride Hotels Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Smartcity (Kochi) Infrastructure Pvt. Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against DSG Buildwell Pvt Ltd | Disposed |
| District court, Ernakulam, Kerala | Court case (AOP) | Filed by the company against Smart City ( Kochi) Infrastructure Pvt.Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by M S DSG Buildwell Pvt. Ltd | Disposed |
To see the full case history of Synergy Property Development Services 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.
Credit ratings & regulatory alerts
Synergy Property Development Services Private Limited was last rated by Icra on 04 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Feb 2022 |
To see the full credit ratings and regulatory alerts of Synergy Property Development Services Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Synergy Property Development Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Synergy Property Development Services Private Limited has a workforce of 755 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Synergy Property Development Services has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCS1556K1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 07AAHCS1556K2Z2 | Delhi | Active | 01 Jul 2017 |
| 09AAHCS1556K1ZZ | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAHCS1556K1Z7 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Synergy Property Development Services Private Limited, buy the company report.
Recent activity
Synergy Property Development Services Private Limited has 19 board changes on record since 2003: 4 appointments and 15 cessations. The latest: John William Kenny was appointed as Nominee Director on 18 Jun 2020.
10 earlier events are in the company report.
Frequently asked questions
Synergy Property Development Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Synergy Property Development Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in infrastructure project management, within the infrastructure and utilities industry. It was incorporated on 16 January 2003 and is registered under CIN U74140MH2003PTC340546. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Synergy Property Development Services was incorporated on 16 January 2003. It is registered with the Registrar of Companies, Mumbai.
Synergy Property Development Services had 4 directors:
- Sankey Prasad - Managing Director
- John William Kenny - Nominee Director
- Leo Wong Hang - Nominee Director
- Paul Nathan Baxter - Director
The CIN (Corporate Identification Number) of Synergy Property Development Services is U74140MH2003PTC340546. 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 Synergy Property Development Services is at Indiabulls Finance Centre 17th Floor Unit No. 1701 Tower 3 Senapati Bapat Marg Elphinston, E West, Mumbai, Maharashtra, India – 400013.
Synergy Property Development Services can be reached through the website synergyind.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Synergy Property Development Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 06 September 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Synergy Property Development Services is 27AAHCS1556K1Z1, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAHCS1556K2Z2 (Delhi), 09AAHCS1556K1ZZ (Uttar Pradesh), 24AAHCS1556K1Z7 (Gujarat).
Synergy Property Development Services operated in the infrastructure and utilities industry, in the infrastructure project management segment.