Banyan Projects India Private Limited
About Banyan Projects India Private Limited
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Banyan Projects India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 20 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2007PTC130243. Its GSTIN is 29AADCB6525D1ZU (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2.34 Cr. It was formerly known as Escape Hotels Pvt Ltd. It is led by directors Attibele Ramaswamy Ravindra and Suresh Manohar Hemdev.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at # 770 100 Feet Road 12th Main Corner Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.27 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹12.79 Lakh (net margin 2.4%) and EBITDA of ₹2.19 Cr (EBITDA margin 41.6%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 22% over five years.
As per MCA filings, the company has satisfied charges of ₹6.5 Cr on record. Court records list 60 cases involving the company, including 15 filed by the company and 45 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Banyan Projects India has one previous CIN (Corporate Identification Number): U45200TN2007PTC062791. The current CIN is U45200KA2007PTC130243, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200KA2007PTC130243 | Current |
| U45200TN2007PTC062791 | Previous |
Contact details
Banyan Projects India Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address# 770 100 Feet Road 12th Main Corner Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Banyan Projects 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
Business activity
The main business activity of Banyan Projects India is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Banyan Projects India Private Limited, buy the company report.
Financials of Banyan Projects India Private Limited
FY 2023 filings availableBanyan Projects India Private Limited reported revenue of ₹5.27 Cr (down 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 3% fall in the latest year. EBITDA rose 2% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹5.27 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹2.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.79 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.6% | ||||
| Net Profit Margin | 2.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Banyan Projects India Private Limited, buy the company report.
Board of directors of Banyan Projects India Private Limited
Banyan Projects India 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 |
|---|---|---|---|---|
| Attibele Ramaswamy Ravindra Also directs: Finante Wealth Private Limited | Director | 08 Nov 2017 | 8 Years 11 Months | Current |
| Suresh Manohar Hemdev | Director | 20 Mar 2007 | 19 Years 7 Months | Current |
Auditor
Banyan Projects India Private Limited is audited by P. Sreenivasulu & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. Sreenivasulu & Associates | FY 2023 | 010960S |
Shareholding
The shareholding of Banyan Projects India 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Banyan Projects India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2009 | 10169654 | Uco Bank | ₹6.5 Cr | Satisfied |
To see the full charge records of Banyan Projects India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Banyan Projects India Private Limited has 60 court cases on record: 15 filed by Banyan Projects India, 45 filed against it. 8 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 40 | 7 |
| High courts | 13 | 4 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 60)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by KMB Estates LLP | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Tab Capital Ltd., Through Abhijeet Prabhakar Mokashi | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by M/S Fore Vision Technologies Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Fore Vision Technologies Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
To see the full case history of Banyan Projects 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 Banyan Projects India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Banyan Projects India Private Limited has 1 active EPFO establishment as of Mar 29, 2024.
GST
Banyan Projects India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB6525D1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Banyan Projects India Private Limited, buy the company report.
Recent activity
Banyan Projects India Private Limited has 8 board changes on record since 2007: 5 appointments and 3 cessations. The latest: Devina Hemdev ceased to be Director on 01 Jun 2018.
2 earlier events are in the company report.
Frequently asked questions
Banyan Projects India 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 20 March 2007 (19+ years old) and is registered under CIN U45200KA2007PTC130243.
Banyan Projects India has 2 current directors:
- Attibele Ramaswamy Ravindra - Director
- Suresh Manohar Hemdev - Director
The latest financial statements of Banyan Projects India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Banyan Projects India is 29AADCB6525D1ZU, registered in Karnataka. 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 Banyan Projects India is U45200KA2007PTC130243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banyan Projects India has 60 court cases on record: 15 filed by the company and 45 filed against it. 8 are pending. Most are in the district courts.
Banyan Projects India was incorporated on 20 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Devina Hemdev ceased to be Director on 01 Jun 2018. Sanskriti Dewivedi ceased to be Director on 01 Jun 2018. Attibele Ramaswamy Ravindra was appointed as Director on 08 Nov 2017. Banyan Projects India has 8 board changes on record in total.
The registered office of Banyan Projects India is at # 770 100 Feet Road 12th Main Corner Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560038.
Banyan Projects India operates in the real estate and construction industry, in the real estate builders and developers segment.