Adarsh Buildestate Limited
About Adarsh Buildestate Limited
Data last updated:
Adarsh Buildestate Limited is a public limited company based in Gurugram, Haryana, 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 20 April 2000.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201HR2000PLC045738. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Ishwer Singh Sindhal and Ankit Kumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 410 4th Floor Vatika Atrium Block – B Golf Course Road Sector 53, Gurugram, Haryana, India – 122002.
As per the financials filed for FY 2017, the company reported a revenue of ₹48.26 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹17.01 Cr (net margin -35.2%) and EBITDA of ₹316.69 Cr.
The company has about 38 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
As per MCA filings, the company has open charges of ₹490 Cr on record. Court records list 73 cases involving the company, including 13 filed by the company and 60 filed against it; 19 cases are pending.
Company details
CIN history
Adarsh Buildestate has one previous CIN (Corporate Identification Number): U45201RJ2000PLC016333. The current CIN is U45201HR2000PLC045738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201HR2000PLC045738 | Current |
| U45201RJ2000PLC016333 | Previous |
Contact details
Adarsh Buildestate Limited's registered office is in Gurugram, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address410 4th Floor Vatika Atrium Block – B Golf Course Road Sector 53, Gurugram, Haryana, India – 122002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Adarsh Buildestate 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 Adarsh Buildestate is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Adarsh Buildestate Limited, buy the company report.
Financials of Adarsh Buildestate Limited
FY 2017 filings availableAdarsh Buildestate Limited reported revenue of ₹48.26 Cr (down 26% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year. EBITDA rose 71% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹48.26 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹316.69 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹17.01 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | -35.2% | ||
| 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 Adarsh Buildestate Limited, buy the company report.
Board of directors of Adarsh Buildestate Limited
Adarsh Buildestate 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 |
|---|---|---|---|---|
| Ishwer Singh Sindhal Also directs: Chevron Buildcon Private Limited | Director | 30 Mar 2015 | 11 Years 6 Months | As last reported |
| Ankit Kumar Shah Also directs: Chevron Buildcon Private Limited, Awaas Infrastructure LLP | Director | 11 May 2018 | 8 Years 5 Months | As last reported |
| Damyanti Bhandari | Director | 11 May 2018 | 8 Years 5 Months | As last reported |
| Hemant Kumar Jain Also directs: Adarsh Thoughtworks Private Limited, Deniz Builders & Developers Private Limited, Star Buildestates Private Limited and 3 more | Director | 11 May 2018 | 8 Years 5 Months | As last reported |
Peer comparison
Adarsh Buildestate Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RSB Developers Private Limited | ₹94.84 Cr (FY 2023) | 1.0% | Mumbai, Maharashtra, India | |||
| DTC Projects Private Limited | ₹94.53 Cr (FY 2025) | -36.0% | Kolkata, West Bengal, India | |||
| Dillip Constructions Private Limited | ₹94.38 Cr (FY 2025) | -45.0% | Bhubaneswar, Odisha, India | |||
| Sheel Procon Private Limited | ₹93.95 Cr (FY 2024) | 14.0% | Valsad, Gujarat, India | |||
| Adarsh Buildestate Limitedthis company | ₹48.26 Cr (FY 2017) | -₹17.01 Cr | -35.2% | -26.0% | 38 | Gurugram, Haryana, India |
To see the full peer comparison of Adarsh Buildestate Limited, buy the company report.
Auditor
Adarsh Buildestate Limited is audited by ABHAY K SHAH & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABHAY K SHAH & ASSOCIATES | FY 2017 | 015298C |
Shareholding
The shareholding of Adarsh Buildestate Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Adarsh Buildestate Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2012 | 10360934 | Adarsh Credit Co-Operative Society Limited | ₹50 Cr | Open | |
| 10 Dec 2011 | 10325018 | Adarsh Credit Co-Operative Society Limited | ₹55 Cr | Open | |
| 05 Dec 2011 | 10325025 | Adarsh Credit Co-Operative Society Limited | ₹10 Cr | Open | |
| 04 Aug 2011 | 10307052 | Adarsh Credit Co-Operative Society Ltd | ₹300 Cr | Open | |
| 02 May 2011 | 10288841 | Adarsh Credit Co-Operative Society Limited | ₹75 Cr | Open |
To see the full charge records of Adarsh Buildestate Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Adarsh Buildestate Limited has 73 court cases on record: 13 filed by Adarsh Buildestate, 60 filed against it. 19 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 29 | 2 |
| High courts | 26 | 25 | 12 |
| NCLT | 4 | 4 | 2 |
| NCLAT | 4 | 1 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Chandigarh | Insolvency matter | Filed against the company by Carnation Realcon Pvt. Ltd. | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed against the company by Chaurdiya Buildcon Pvt. Ltd. and 2 others | Disposed |
| High Court, Rajasthan | Arbitration matter | Filed against the company by M/S Shree Seco (P) Limited and 1 other | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Ms Sidhartha Buildtech Pvt Ltd and 3 others | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Ms Rosemerry Buildcon Pvt Ltd and 2 others | Disposed |
To see the full case history of Adarsh Buildestate 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 Adarsh Buildestate Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Adarsh Buildestate has 8 subsidiary companies and 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ramapati Papires Udyog Private Limited | U21012UR1985PTC007262 | |
| Primetime Infra Projects Private Limited | U45201RJ2008PTC025799 | |
| Shiva Mega Projects Private Limited | U45204HR2012PTC046109 | |
| Pan Infratech Private Limited | U45209HR2007PTC057670 | |
| Victory Buildestates Private Limited | U45400HR2011PTC043634 | |
| Vista Dream Homes Private Limited | U45400HR2012PTC046015 |
To see the full group structure of Adarsh Buildestate Limited, buy the company report.
Employees & EPFO
Adarsh Buildestate Limited has a workforce of 38 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Adarsh Buildestate has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Adarsh Buildestate Limited, buy the company report.
Recent activity
Adarsh Buildestate Limited has 20 board changes on record since 2014: 4 appointments and 16 cessations. The latest: Damyanti Bhandari ceased to be Director on 29 Apr 2019.
17 earlier events are in the company report.
Frequently asked questions
Adarsh Buildestate 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.
Adarsh Buildestate is a company under insolvency, formerly operating as a public limited company based in Gurugram, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 20 April 2000 and is registered under CIN U45201HR2000PLC045738. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Adarsh Buildestate has 4 current directors:
- Ishwer Singh Sindhal - Director
- Ankit Kumar Shah - Director
- Damyanti Bhandari - Director
- Hemant Kumar Jain - Director
The latest financial statements of Adarsh Buildestate on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Adarsh Buildestate is U45201HR2000PLC045738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Buildestate has open charges of ₹490 Cr and no satisfied charges on record as per latest MCA filings.
Adarsh Buildestate has 73 court cases on record: 13 filed by the company and 60 filed against it. 19 are pending. Most are in the district courts.
Adarsh Buildestate was incorporated on 20 April 2000. It is registered with the Registrar of Companies, Delhi.
The peers of Adarsh Buildestate by revenue are RSB Developers Private Limited, DTC Projects Private Limited, Dillip Constructions Private Limited, Sheel Procon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Damyanti Bhandari ceased to be Director on 29 Apr 2019. Ankit Kumar Shah ceased to be Director on 23 Apr 2019. Hemant Kumar Jain ceased to be Director on 30 Mar 2019. Adarsh Buildestate has 20 board changes on record in total.
The registered office of Adarsh Buildestate is at 410 4th Floor Vatika Atrium Block – B Golf Course Road Sector 53, Gurugram, Haryana, India – 122002.