About Aashiyana Promoters and Developers Private Limited
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Aashiyana Promoters and Developers Private Limited is a private limited company based in Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2007PTC163513. Its GSTIN is 09AAGCA3211J1ZW (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹15 Cr. It was formerly known as Newtech Promoters and Developers Private Limited. It is led by directors Raushan Prakash and Pankaj Kumar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Unit – 219 S/F Vasundhara Enclave Plot No. 1 Vardhman Sunrise Plaza Lsc, Delhi, India – 110096.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.46 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹2.05 Cr and EBITDA of -₹80 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 81% over five years.
As per MCA filings, the company has open charges of ₹49 Cr on record. Court records list 68 cases involving the company, including 46 filed by the company and 22 filed against it; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website newtechgroup.co.
Company details
Name history
Aashiyana Promoters and Developers has undergone 2 name changes throughout its history. The company was previously known as Newtech Promoters And Developers Private Limited, and Aashiyana Promoters And Developers Private Limited. The current legal name is Aashiyana Promoters And Developers Private Limited.
| Company Name | Status |
|---|---|
| Aashiyana Promoters and Developers Private Limited | Current |
| Newtech Promoters And Developers Private Limited | Previous |
Contact details
Aashiyana Promoters and Developers Private Limited's registered office is in Delhi, Delhi. Its website is newtechgroup.co. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressUnit – 219 S/F Vasundhara Enclave Plot No. 1 Vardhman Sunrise Plaza Lsc, Delhi, India – 110096
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Aashiyana Promoters 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 Aashiyana Promoters and Developers 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 Aashiyana Promoters and Developers Private Limited, buy the company report.
Financials of Aashiyana Promoters and Developers Private Limited
FY 2019 filings availableAashiyana Promoters and Developers Private Limited reported revenue of ₹3.46 Lakh (down 97% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 81% over five years, including a 97% fall in the latest year. EBITDA rose 87% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.46 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹80 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.05 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
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To see the full financial statements and ratios of Aashiyana Promoters and Developers Private Limited, buy the company report.
Board of directors of Aashiyana Promoters and Developers Private Limited
Aashiyana Promoters and Developers has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Kumar Also directs: Newtech La Palacia Private Limited | Additional Director | 25 Jun 2021 | 5 Years 4 Months | Current |
| Raushan Prakash Also directs: Soho Housing Private Limited, Newtech Homes Private Limited, Vyom Infrastructures & Projects Private Limited and 3 more | Director | 14 Jan 2012 | 14 Years 10 Months | Current |
Auditor
Aashiyana Promoters and Developers Private Limited is audited by RAUSHAN PANKAJ & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAUSHAN PANKAJ & ASSOCIATES | FY 2019 | 030145N |
Shareholding
The shareholding of Aashiyana Promoters and Developers Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Aashiyana Promoters and Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2013 | 10413034 | Others | ₹49 Cr | Open |
To see the full charge records of Aashiyana Promoters and Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Aashiyana Promoters and Developers Private Limited has 68 court cases on record: 46 filed by Aashiyana Promoters and Developers, 22 filed against it. 19 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 1 | 18 |
| District courts | 16 | 16 | 1 |
| NCLT | 5 | 5 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by Axis Bank Ltd. | Pending |
| Allahabad High Court | Court case (A227) | Filed by the company against Dewan Housing Finance Corporation Limited (DHFL) and 1 other | Disposed |
| High Court, UTTARPRADESH | Court case (A227) | Filed by the company against Axis Bank Limited, A Company Incorporated Under Companies Act and 6 others | Disposed |
| District court, East, Delhi | Cheque dishonour complaint | Filed against the company by M/S Boronial Buildcon Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Court case (OMP (I) (COMM.)) | Filed against the company by Tata Capital Housing Finance Limited | Disposed |
To see the full case history of Aashiyana Promoters and 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 Aashiyana Promoters and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aashiyana Promoters and Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAGCA3211J1ZW | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aashiyana Promoters and Developers Private Limited, buy the company report.
Recent activity
Aashiyana Promoters and Developers Private Limited has 11 board changes on record since 2012: 2 appointments and 9 cessations. The latest: Alok Vatsa ceased to be Director on 25 Jun 2021.
4 earlier events are in the company report.
Frequently asked questions
Aashiyana Promoters and Developers is an active private limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 May 2007 (19+ years old) and is registered under CIN U45400DL2007PTC163513.
Aashiyana Promoters and Developers has 2 current directors:
- Pankaj Kumar - Additional Director
- Raushan Prakash - Director
The latest financial statements of Aashiyana Promoters and Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Aashiyana Promoters and Developers is 09AAGCA3211J1ZW, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Aashiyana Promoters and Developers is U45400DL2007PTC163513. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aashiyana Promoters and Developers has 68 court cases on record: 46 filed by the company and 22 filed against it. 19 are pending. Most are in the high courts.
Aashiyana Promoters and Developers was incorporated on 16 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
Alok Vatsa ceased to be Director on 25 Jun 2021. Pankaj Kumar was appointed as Additional Director on 25 Jun 2021. Harekrishn Kumar ceased to be Additional Director on 22 Jun 2021. Aashiyana Promoters and Developers has 11 board changes on record in total.
Aashiyana Promoters and Developers can be reached through the website newtechgroup.co. Its registered office is in Delhi, India.
The registered office of Aashiyana Promoters and Developers is at Unit – 219 SF Vasundhara Enclave Plot No. 1 Vardhman Sunrise Plaza Lsc, Delhi, India – 110096.
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