Vikas Procon Private Limited
About Vikas Procon Private Limited
Data last updated:
Vikas Procon Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 21 April 2016.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45309MH2016PTC280060. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹90 Lakh. It is led by directors including Arvindbhai Makabhai Gajera and Himmatbhai Laljibhai Sojitra.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Shop No.1 3rd Floor Building No. 9/11 Old Hanuman Cross Lane Kalbadevi, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2021, the company reported a revenue of ₹88.04 Lakh, a decline of 79% compared to the previous year. For the same year it recorded EBITDA of ₹5.85 Lakh (EBITDA margin 6.6%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
Court records list 10 cases involving the company, including 10 filed against it; 5 cases are pending.
Company details
Contact details
Vikas Procon Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No.1 3rd Floor Building No. 9/11 Old Hanuman Cross Lane Kalbadevi, Mumbai, Maharashtra, India – 400002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vikas Procon 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 Vikas Procon 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 Vikas Procon Private Limited, buy the company report.
Financials of Vikas Procon Private Limited
FY 2021 filings availableVikas Procon Private Limited reported revenue of ₹88.04 Lakh (down 79% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 79% fall in the latest year. EBITDA fell 25% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹88.04 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.85 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | |||||
| 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 Vikas Procon Private Limited, buy the company report.
Board of directors of Vikas Procon Private Limited
Vikas Procon has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvindbhai Makabhai Gajera | Director | 21 Apr 2016 | 10 Years 6 Months | As last reported |
| Himmatbhai Laljibhai Sojitra | Director | 21 Apr 2016 | 10 Years 6 Months | As last reported |
| Bhanubhai Devchandbhai Butani | Director | 02 Jul 2020 | 6 Years 3 Months | As last reported |
| Shaileshbhai Dhirubhai Nakarani | Director | 02 Jul 2020 | 6 Years 3 Months | As last reported |
Auditor
Vikas Procon Private Limited is audited by D M D & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D M D & CO | FY 2021 | 153231W |
Shareholding
The shareholding of Vikas Procon Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Vikas Procon Private Limited, buy the company report.
Legal cases
Vikas Procon Private Limited has 10 court cases on record: 10 filed against it. 5 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 5 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Civil suit | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Vikas Procon 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 Vikas Procon Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vikas Procon Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Vikas Procon 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 Vikas Procon Private Limited, buy the company report.
Recent activity
Vikas Procon Private Limited has 13 board changes on record since 2016: 4 appointments and 9 cessations. The latest: Vinod Radhakrishnan Nair ceased to be Irp/Rp/Liquidator on 10 Oct 2023.
4 earlier events are in the company report.
Frequently asked questions
Vikas Procon is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Vikas Procon is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 21 April 2016 and is registered under CIN U45309MH2016PTC280060. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vikas Procon has 4 current directors:
- Arvindbhai Makabhai Gajera - Director
- Himmatbhai Laljibhai Sojitra - Director
- Bhanubhai Devchandbhai Butani - Director
- Shaileshbhai Dhirubhai Nakarani - Director
The latest financial statements of Vikas Procon on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Vikas Procon is U45309MH2016PTC280060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Procon has 10 court cases on record: 10 filed against it. 5 are pending. Most are in the district courts.
Vikas Procon was incorporated on 21 April 2016. It is registered with the Registrar of Companies, Mumbai.
Vinod Radhakrishnan Nair ceased to be Irp/Rp/Liquidator on 10 Oct 2023. Himmatbhai Laljibhai Sojitra ceased to be Director on 24 Feb 2021. Bhanubhai Devchandbhai Butani ceased to be Additional Director on 31 Dec 2020. Vikas Procon has 13 board changes on record in total.
The registered office of Vikas Procon is at Shop No.1 3rd Floor Building No. 911 Old Hanuman Cross Lane Kalbadevi, Mumbai, Maharashtra, India – 400002.
No. Vikas Procon has 1 GST registration on record and it is cancelled or inactive.