About Semplice Corporate Solutions Private Limited
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Semplice Corporate Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Piramal Glass Private Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 14 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2011PTC219815. Its GSTIN is 27AAJCA7980P1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3,002 Cr and a paid-up capital of ₹291.63 Cr. It was formerly known as Aasan Developers & Constructions Private Limited. It is led by directors Sunilkumar Jagdishprasad Adukia and Vinod Damodar Gadaiya.
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 is at 1st Floor Piramal Tower Peninsula Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹105.12 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹70 Cr (net margin -66.6%) and EBITDA of ₹66.17 Cr (EBITDA margin 62.9%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 36% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5,958 Cr on record. Court records list 19 cases involving the company, including 11 filed by the company and 8 filed against it; 9 cases are pending. The company has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.62 Cr; the latest was in September 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piramal.com.
Company details
Name history
Semplice Corporate Solutions has undergone 2 name changes throughout its history. The company was previously known as Aasan Developers & Constructions Private Limited, and Semplice Corporate Solutions Private Limited. The current legal name is Semplice Corporate Solutions Private Limited.
| Company Name | Status |
|---|---|
| Semplice Corporate Solutions Private Limited | Current |
| Aasan Developers & Constructions Private Limited | Previous |
Contact details
Semplice Corporate Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is piramal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1st Floor Piramal Tower Peninsula Corporate Park, Ganpatrao Kadam Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Real Estate Financing, Brokerage & Trading Services
To see the full contact details of Semplice Corporate Solutions 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 activities of Semplice Corporate Solutions are real estate, trade and financial and insurance service. In detail, this covers real estate activities with own or leased property, wholesale trading and other financial activities. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Semplice Corporate Solutions Private Limited, buy the company report.
Financials of Semplice Corporate Solutions Private Limited
FY 2024 filings availableSemplice Corporate Solutions Private Limited reported revenue of ₹105.12 Cr (down 92% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 92% fall in the latest year. EBITDA fell 89% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹66.17 Cr | ||||
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| Net Profit (PAT) | -₹70 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 62.9% | ||||
| Net Profit Margin | -66.6% | ||||
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To see the full financial statements and ratios of Semplice Corporate Solutions Private Limited, buy the company report.
Board of directors of Semplice Corporate Solutions Private Limited
Semplice Corporate Solutions has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunilkumar Jagdishprasad Adukia | Director | 08 Aug 2016 | 10 Years 2 Months | Current |
| Vinod Damodar Gadaiya Also directs: PRPL Enterprises Private Limited, Shrikrishna Services Private Limited, Indiaventure Advisors Private Limited and 4 more | Director | 09 Sep 2024 | 2 Years 1 Months | Current |
Auditor
Semplice Corporate Solutions Private Limited is audited by Mayur Khandelwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mayur Khandelwal & Co. | FY 2023 | 134723W |
Shareholding
The shareholding of Semplice Corporate Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Semplice Corporate Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2021 | 100425739 | Others | ₹467 Cr | Satisfied | |
| 25 Sep 2020 | 100378413 | Others | ₹140 Cr | Satisfied | |
| 13 Jun 2019 | 100271611 | Yes Bank Limited | ₹850 Cr | Satisfied | |
| 11 Apr 2019 | 100261540 | Idbi Trusteeship Services Limited | ₹350 Cr | Satisfied | |
| 11 Apr 2019 | 100261534 | Idbi Trusteeship Services Limited | ₹100 Cr | Satisfied |
To see the full charge records of Semplice Corporate Solutions Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Semplice Corporate Solutions Private Limited has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.62 Cr; the latest was in September 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Piramal Glass Private Limited Seller: The Sri Govinda Trust, Alpex Holdings Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: The Sri Govinda Trust Seller: Alpex Holdings Private Limited |
| Jan 2016 | Funding round | ₹1.51 Cr | Investors: Alpex Holdings Private Limited , Alpex Holdings Private Limited & Swati A Piramal, Alpex Holdings Private Limited & Ajay G Piramal |
| Nov 2014 | Secondary share transfer | Undisclosed | Buyer: Alpex Holdings Private Limited , Alpex Holdings Private Limited & Ajay G Piramal, Alpex Holdings Private Limited & Swati A Piramal Seller: Piramal Real Estates Private Limited , Thoughtful Realtors Private Limited , PRL Developers Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Piramal Real Estates Private Limited , PRL Developers Private Limited Seller: Thaler Developers Private Limited |
To see the full deal history of Semplice Corporate Solutions 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
Semplice Corporate Solutions Private Limited has 19 court cases on record: 11 filed by Semplice Corporate Solutions, 8 filed against it. 9 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 1 |
| NCLAT | 6 | 6 | 6 |
| NCLT | 4 | 0 | 1 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Dipco Pvt Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Nirmal Lifestyle Reality Pvt Ltd. | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 6 Mumbai | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (LEC) | Filed by the company against an individual | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by an individual | Pending |
To see the full case history of Semplice Corporate Solutions 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
Semplice Corporate Solutions Private Limited was last rated by Icra on 17 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Nov 2020 |
To see the full credit ratings and regulatory alerts of Semplice Corporate Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Semplice Corporate Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Semplice Corporate Solutions has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Semplice Corporate Solutions Private Limited has a workforce of 29 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Semplice Corporate Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCA7980P1ZR | Maharashtra | Active | 01 Jul 2017 |
| 24AAJCA7980P1ZX | Gujarat | Active | 21 Dec 2017 |
To see the full GST registrations and return filing status of Semplice Corporate Solutions Private Limited, buy the company report.
Recent activity
Semplice Corporate Solutions Private Limited has 12 board changes on record since 2012: 2 appointments and 10 cessations. The latest: Vinod Damodar Gadaiya ceased to be Additional Director on 29 Sep 2024.
43 earlier events are in the company report.
Frequently asked questions
Semplice Corporate Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 14 July 2011 (15+ years old) and is registered under CIN U70102MH2011PTC219815.
Semplice Corporate Solutions has 2 current directors:
- Sunilkumar Jagdishprasad Adukia - Director
- Vinod Damodar Gadaiya - Director
The latest financial statements of Semplice Corporate Solutions 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.
The GSTIN of Semplice Corporate Solutions is 27AAJCA7980P1ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAJCA7980P1ZX (Gujarat).
The CIN (Corporate Identification Number) of Semplice Corporate Solutions is U70102MH2011PTC219815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Semplice Corporate Solutions has 19 court cases on record: 11 filed by the company and 8 filed against it. 9 are pending. Most are in the high courts.
Semplice Corporate Solutions was incorporated on 14 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Semplice Corporate Solutions has 10 deals on record (8 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.62 Cr; the latest was in September 2022.
Vinod Damodar Gadaiya ceased to be Additional Director on 29 Sep 2024. Vinod Damodar Gadaiya was appointed as Director on 09 Sep 2024. Kshitish Shreekant Bapat ceased to be Additional Director on 28 Sep 2023. Semplice Corporate Solutions has 12 board changes on record in total.
Semplice Corporate Solutions can be reached through the website piramal.com. Its registered office is in Mumbai, Maharashtra, India.
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