About Akme Projects Limited
Data last updated:
Akme Projects Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Joint Investment Pvt Ltd. 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 15 December 2003.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL2003PLC123512. Its GSTIN is 03AAFCA4671F3ZY (Punjab). The company holds 8 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹67.46 Lakh. It is led by directors including Anil Nanda and Vijay Kumar Sinha.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at First Floor Shop Np. 53 Krishna Market Kalkaji New Delhi – 110019, Delhi, India – 110019.
As per the financials filed for FY 2016, the company reported a revenue of ₹29.29 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net loss of ₹110.74 Cr (net margin -378.1%) and EBITDA of -₹108.8 Cr (EBITDA margin -371.5%).
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹96.45 Cr and satisfied charges of ₹355.5 Cr on record. Court records list 89 cases involving the company, including 23 filed by the company and 66 filed against it; 18 cases are pending.
The last known website on record is akmeprojects.com.
Company details
Contact details
Akme Projects Limited's registered office is in New Delhi, Delhi. Its website is akmeprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFirst Floor Shop Np. 53 Krishna Market Kalkaji New Delhi – 110019, Delhi, India – 110019
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Akme Projects 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 Akme Projects is real estate. In detail, this covers real estate activities with own or leased property.
| 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 |
To see the full business activity and turnover split of Akme Projects Limited, buy the company report.
Financials of Akme Projects Limited
FY 2016 filings availableAkme Projects Limited reported revenue of ₹29.29 Cr (up 78% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 78% in the latest year. EBITDA fell 443% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹29.29 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹108.8 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹110.74 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -371.5% | |
| Net Profit Margin | -378.1% | |
| 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 Akme Projects Limited, buy the company report.
Board of directors of Akme Projects Limited
Akme Projects has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Nanda Also directs: Gi Wind Power Company Limited, GTZ Securities Limited, An-Net Infotech Limited. and 4 more | Director | 23 Aug 2004 | 22 Years 1 Months | As last reported |
| Vijay Kumar Sinha Also directs: Gi Wind Power Company Limited, GTZ Securities Limited, An-Net Infotech Limited. and 1 more | Director | 06 Apr 2007 | 19 Years 6 Months | As last reported |
| Helmut Theodor Nanz | Director | 07 May 2007 | 19 Years 5 Months | As last reported |
| Jalesh Kumar Grover | Irp/Rp/Liquidator | 28 May 2025 | 1 Years 4 Months | As last reported |
Peer comparison
Akme Projects Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akme Projects Limitedthis company | ₹29.29 Cr (FY 2016) | -₹110.74 Cr | -378.1% | 78.0% | 20 | New Delhi, Delhi, India |
| Green Home Farms and Resorts Private Limited | ₹29.28 Cr (FY 2025) | -19.0% | Telangana, India | |||
| Savfab Developers Private Limited | ₹29.26 Cr (FY 2025) | 15.0% | Delhi, India | |||
| Essem18 Developers Private Limited | ₹29.26 Cr (FY 2024) | -50.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Akme Projects Limited, buy the company report.
Auditor
Akme Projects Limited is audited by S N DHAWAN & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N DHAWAN & CO LLP | FY 2016 | 000050N |
Shareholding
The shareholding of Akme Projects Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Akme Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2012 | 10373251 | Housing Development Finance Corporation Limited | ₹11.45 Cr | Open | |
| 06 Jan 2012 | 10335174 | Yes Bank Limited | ₹63 Cr | Open | |
| 27 Sep 2011 | 10313148 | Housing Development Finance Corporation Limited | ₹12 Cr | Open | |
| 22 Mar 2010 | 10213393 | Others | ₹10 Cr | Open | |
| 24 Dec 2015 | 10608963 | Reliable Developers & Others. | ₹100 Cr | Satisfied |
To see the full charge records of Akme Projects Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Akme Projects Limited has 89 court cases on record: 23 filed by Akme Projects, 66 filed against it. 18 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 42 | 12 |
| High courts | 26 | 14 | 4 |
| Supreme Court | 7 | 6 | 1 |
| NCLT | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 1 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (CRR) | Filed by the company against M/S Tirath Ram Ahuja Pvt Ltd and 8 others | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Spade Financial Services Ltd. & Anr. and 1 other | Pending |
| Supreme Court | Court case (0303-Arbitration Law and Other Alternative Dispute Resolution : Matters arising out of orders passed under Sections 9 and 17 of the Arbitration & Conciliation Act, 1996) | Filed against the company by AAA Landmark Private Limited Through Its Authorized Representative Through Its Authorized Representative K-24, Jangpura Extension , District: New Delhi ,New Delhi , Delhi | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by Yes Bank Ltd. | Pending |
| Supreme Court | Court case (2808-Mercantile Laws, Commercial Transactions Including Banking : Others) | Filed against the company by Spade Financial Services Limited Through Its A.R. Mr. S.C. Arora Registered Office at K-24, Jangpura Extn., ,South * , Delhi | Disposed |
To see the full case history of Akme Projects 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 Akme Projects Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Akme Projects has 2 subsidiary companies and 1 joint venture. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| GTZ Securities Limited | U67120JK1984PLC000719 | |
| Cathedral-Akme Projects Private Limited | U70109DL2006PTC150313 |
To see the full group structure of Akme Projects Limited, buy the company report.
Employees & EPFO
Akme Projects Limited has a workforce of 20 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Akme Projects has 8 GST registrations: 1 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCA4671F3ZY | Punjab | Active | 06 Jan 2020 |
To see the full GST registrations and return filing status of Akme Projects Limited, buy the company report.
Recent activity
Akme Projects Limited has 14 board changes on record since 2004: 4 appointments and 10 cessations. The latest: Jalesh Kumar Grover was appointed as Irp/Rp/Liquidator on 28 May 2025.
40 earlier events are in the company report.
Frequently asked questions
Akme Projects 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.
Akme Projects is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 December 2003 and is registered under CIN U45201DL2003PLC123512. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Akme Projects has 4 current directors:
- Anil Nanda - Director
- Vijay Kumar Sinha - Director
- Helmut Theodor Nanz - Director
- Jalesh Kumar Grover - Irp/Rp/Liquidator
The latest financial statements of Akme Projects on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Akme Projects is U45201DL2003PLC123512. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akme Projects has open charges of ₹96.45 Cr and satisfied charges of ₹355.5 Cr as per latest MCA filings.
Akme Projects has 89 court cases on record: 23 filed by the company and 66 filed against it. 18 are pending. Most are in the district courts.
Akme Projects was incorporated on 15 December 2003. It is registered with the Registrar of Companies, Delhi.
The peers of Akme Projects by revenue are Green Home Farms and Resorts Private Limited, Savfab Developers Private Limited, Essem18 Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Jalesh Kumar Grover was appointed as Irp/Rp/Liquidator on 28 May 2025. Vijay Kumar Sinha ceased to be Director on 09 Oct 2017. Sudhir Sud ceased to be Alternate Director on 27 Jan 2015. Akme Projects has 14 board changes on record in total.
Akme Projects can be reached through the website akmeprojects.com. Its registered office is in New Delhi, Delhi, India.