Argan Properties Private Limited
About Argan Properties Private Limited
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Argan Properties Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Provident Housing Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45500KA2016PTC096089. Its GSTIN is 29AAOCA8299E1ZZ (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Hegarnatti Vishnumoorthi and Nani Rusi Choksey.
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 Argan Properties Private Limited 130/2 Ulsoor Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.97 Cr, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹1.92 Cr (net margin 64.6%) and EBITDA of ₹2.81 Cr (EBITDA margin 94.4%).
As per MCA filings, the company has satisfied charges of ₹85 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Argan Properties Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressArgan Properties Private Limited 130/2 Ulsoor Road, Bangalore, Karnataka, India – 560042
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Argan Properties 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
Financials of Argan Properties Private Limited
FY 2024 filings availableArgan Properties Private Limited reported revenue of ₹2.97 Cr (down 99% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 99% in the latest year. EBITDA fell 99% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.81 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.4% | ||||
| Net Profit Margin | 64.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Argan Properties Private Limited, buy the company report.
Board of directors of Argan Properties Private Limited
Argan Properties has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hegarnatti Vishnumoorthi Also directs: Vishnu Daya & Co LLP, Blissbourne Assets Private Limited, Raybourne Realty Private Limited and 5 more | Director | 29 Aug 2016 | 10 Years 2 Months | Current |
| Nani Rusi Choksey Also directs: Devas Global Services LLP, Provident White Oaks LLP, Purva Woodworks Private Limited and 5 more | Director | 26 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Argan Properties Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Newdimensions Developers Private Limited | ₹2.97 Cr (FY 2025) | -73.0% | Bangalore, Karnataka, India | |||
| Samriddhi Properties India Private Limited | ₹2.97 Cr (FY 2025) | 17.0% | Hyderabad, Telangana, India | |||
| Argan Properties Private Limitedthis company | ₹2.97 Cr (FY 2024) | ₹1.92 Cr | 64.6% | -99.0% | Bangalore, Karnataka, India | |
| MJM Consultant Private Limited | ₹2.97 Cr (FY 2024) | -50.0% | Mandi, Himachal Pradesh, India | |||
| Real Revolution Developers Private Limited | ₹2.97 Cr (FY 2024) | -45.0% | Jaipur, Rajasthan, India | |||
| Kiranmaie Avenues Private Limited | ₹2.97 Cr (FY 2025) | -6.0% | Eluru, Andhra Pradesh, India | |||
| Bivab Developers Private Limited | ₹2.97 Cr (FY 2025) | -52.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Argan Properties Private Limited, buy the company report.
Auditor
Argan Properties Private Limited is audited by V D S R & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V D S R & Co LLP | FY 2023 | 001626S/S200085 |
Shareholding
The shareholding of Argan Properties 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Argan Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2023 | 100745418 | Others | ₹85 Cr | Satisfied |
To see the full charge records of Argan Properties Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Argan Properties Private Limited has 2 court cases on record: 1 filed by Argan Properties, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (MFA) | Filed against the company by M/S Godrej Properties Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed by the company against Godrej Properties Limited | Disposed |
To see the full case history of Argan Properties 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 Argan Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Argan Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA8299E1ZZ | Karnataka | Active | 30 Mar 2019 |
To see the full GST registrations and return filing status of Argan Properties Private Limited, buy the company report.
Recent activity
Argan Properties Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Nani Rusi Choksey ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Argan Properties is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 August 2016 (10+ years old) and is registered under CIN U45500KA2016PTC096089.
Argan Properties has 2 current directors:
- Hegarnatti Vishnumoorthi - Director
- Nani Rusi Choksey - Director
The latest financial statements of Argan Properties 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 FY 2017 are in the company report.
The GSTIN of Argan Properties is 29AAOCA8299E1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Argan Properties is U45500KA2016PTC096089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Argan Properties has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Argan Properties was incorporated on 29 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Argan Properties by revenue are Newdimensions Developers Private Limited, Samriddhi Properties India Private Limited, MJM Consultant Private Limited, Real Revolution Developers Private Limited, Kiranmaie Avenues Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Nani Rusi Choksey ceased to be Additional Director on 29 Sep 2024. Amanda Joy Puravankara ceased to be Director on 26 Oct 2023. Nani Rusi Choksey was appointed as Director on 26 Oct 2023. Argan Properties has 5 board changes on record in total.
The registered office of Argan Properties is at Argan Properties 1302 Ulsoor Road, Bangalore, Karnataka, India – 560042.
Argan Properties operates in the real estate and construction industry, in the real estate builders and developers segment.
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