Avj Developers (India) Private Limited
About Avj Developers (India) Private Limited
Data last updated:
Avj Developers (India) Private Limited is a private limited company based in Delhi, 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 22 June 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2010PTC204465. Its GSTIN is 07AAICA5751H2ZL (Delhi). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹5.84 Cr. It is led by directors Vipin Aggarwal and Vinay Jain.
Its last annual general meeting (AGM) was held on 25 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Office No – 106 D – 248 Gali No – 10 Laxmi Nagar, Delhi, India – 110092.
As per the financials filed for FY 2013, the company reported a revenue of ₹187.59 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹42.79 Lakh (net margin 0.2%) and EBITDA of ₹9.78 Cr (EBITDA margin 5.2%).
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹139.31 Cr and satisfied charges of ₹41.49 Cr on record. Court records list 200 cases involving the company, including 24 filed by the company and 176 filed against it; 50 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹1.74 Cr; the latest was in March 2015.
Company details
Contact details
Avj Developers (India) Private Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressOffice No – 106 D – 248 Gali No – 10 Laxmi Nagar, Delhi, India – 110092
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Avj Developers (India) 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 Avj Developers (India) Private Limited
FY 2015 filings availableAvj Developers (India) Private Limited reported revenue of ₹187.59 Cr (up 1% YoY) for FY 2013.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year. EBITDA fell 95% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2012-13 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹187.59 Cr |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹9.78 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹42.79 Lakh |
| 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 2012-13 |
|---|---|
| Profitability | |
| EBITDA Margin | 5.2% |
| Net Profit Margin | 0.2% |
| 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 Avj Developers (India) Private Limited, buy the company report.
Board of directors of Avj Developers (India) Private Limited
Avj Developers (India) has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipin Aggarwal Also directs: Best View Properties Limited | Director | 19 Mar 2013 | 13 Years 7 Months | As last reported |
| Vinay Jain | Additional Director | 11 Aug 2017 | 9 Years 2 Months | As last reported |
Shareholding
The shareholding of Avj Developers (India) Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Avj Developers (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2016 | 100034959 | Others | ₹35 Cr | Open | |
| 07 Mar 2015 | 10569573 | India Infoline Finance Limited | ₹75 Cr | Open | |
| 13 Feb 2015 | 10559659 | India Infoline Finance Limited | ₹25 Cr | Open | |
| 26 Sep 2014 | 10531984 | Axis Bank Limited | ₹30.88 Lakh | Open | |
| 25 Aug 2014 | 10516441 | Dico Transport Corporation Ltd | ₹4 Cr | Open |
To see the full charge records of Avj Developers (India) Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Avj Developers (India) Private Limited has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹1.74 Cr; the latest was in March 2015.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sam India Builtwell Private Limited |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: Avj Developers Private Limited Seller: an individual |
| Sep 2012 | Acquisition | ₹12 Cr | Buyer: Avj Developers Private Limited |
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Avj Developers Private Limited |
| Apr 2011 | Acquisition | ₹3.75 Cr | Buyer: Avj Developers Private Limited Seller: 3 individuals |
To see the full deal history of Avj Developers (India) 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
Avj Developers (India) Private Limited has 200 court cases on record: 24 filed by Avj Developers (India), 176 filed against it. 50 cases are pending and 150 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 149 | 133 | 40 |
| NCLAT | 28 | 24 | 7 |
| High courts | 15 | 11 | 2 |
| Supreme Court | 8 | 8 | 1 |
Cases on record (5 of 200)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (CRLRD) | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by Allahabad Bank | Pending |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed by the company against Rio Heights Private Limited | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Ralhan India Private Limited and 30 others | Disposed |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against Rio Heights Private Limited | Disposed |
To see the full case history of Avj Developers (India) 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 Avj Developers (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avj Developers (India) has 1 subsidiary company. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avj Developers Private Limited | U45400DL2008PTC176567 |
To see the full group structure of Avj Developers (India) Private Limited, buy the company report.
Employees & EPFO
Avj Developers (India) Private Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Avj Developers (India) has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICA5751H2ZL | Delhi | Active | 06 Mar 2018 |
To see the full GST registrations and return filing status of Avj Developers (India) Private Limited, buy the company report.
Recent activity
Avj Developers (India) Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Pardeep Singhal ceased to be Additional Director on 14 Aug 2017.
10 earlier events are in the company report.
Frequently asked questions
Avj Developers (India) 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.
Avj Developers (India) is a company under insolvency, formerly operating as a 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 22 June 2010 and is registered under CIN U70101DL2010PTC204465. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Avj Developers (India) has 2 current directors:
- Vipin Aggarwal - Director
- Vinay Jain - Additional Director
The latest financial statements of Avj Developers (India) on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 25 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Avj Developers (India) is U70101DL2010PTC204465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avj Developers (India) has open charges of ₹139.31 Cr and satisfied charges of ₹41.49 Cr as per latest MCA filings.
Avj Developers (India) has 200 court cases on record: 24 filed by the company and 176 filed against it. 50 are pending. Most are in the district courts.
Avj Developers (India) was incorporated on 22 June 2010. It is registered with the Registrar of Companies, Delhi.
Avj Developers (India) has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹1.74 Cr; the latest was in March 2015.
Pardeep Singhal ceased to be Additional Director on 14 Aug 2017. Vinay Jain was appointed as Additional Director on 11 Aug 2017. Asha Jain ceased to be Director on 30 Mar 2016. Avj Developers (India) has 6 board changes on record in total.