Bhagwati Developers Pvt.Ltd.
About Bhagwati Developers Pvt.Ltd.
Data last updated:
Bhagwati Developers Pvt.Ltd. is a private limited company based in Kolkata, West Bengal, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 27 March 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70200WB1981PTC033488. Its GSTIN is 19AABCB0305P1ZQ (West Bengal).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹98.62 Lakh. It is led by directors Vasudha Lodha and Madhu Lodha.
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 48 S.N.Roy Road., Kolkata, West Bengal, India – 700038.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.37 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.26 Cr (net margin 62.9%) and EBITDA of ₹7.16 Cr (EBITDA margin 85.5%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹50 Lakh on record. Court records list 62 cases involving the company, including 37 filed by the company and 25 filed against it; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhagwati Developers Pvt.Ltd.'s registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address48 S.N.Roy Road., Kolkata, West Bengal, India – 700038
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Bhagwati Developers Pvt.Ltd., 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 Bhagwati Developers is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Bhagwati Developers Pvt.Ltd., buy the company report.
Financials of Bhagwati Developers Pvt.Ltd.
FY 2024 filings availableBhagwati Developers Pvt.Ltd. reported revenue of ₹8.37 Cr (up 803% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 803% growth 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 | ₹7.16 Cr | ||||
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| Net Profit (PAT) | ₹5.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 85.5% | ||||
| Net Profit Margin | 62.9% | ||||
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To see the full financial statements and ratios of Bhagwati Developers Pvt.Ltd., buy the company report.
Board of directors of Bhagwati Developers Pvt.Ltd.
Bhagwati Developers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasudha Lodha Also directs: Vijaya Finance Corporation Ltd, Gajanand Developments Ltd, Quick Consultancy Services Pvt Ltd and 1 more | Director | 03 Jan 2011 | 15 Years 9 Months | Current |
| Madhu Lodha Also directs: Vijaya Finance Corporation Ltd, T C A Surveyors and Advisors Pvt Ltd, Ganpati Appartments Pvt Ltd and 3 more | Director | 30 Jul 2004 | 22 Years 2 Months | Current |
Auditor
Bhagwati Developers Pvt.Ltd. is audited by VIVEK GUPTA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEK GUPTA | FY 2023 | 303408 |
Shareholding
The shareholding of Bhagwati Developers Pvt.Ltd. 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhagwati Developers Pvt.Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2024 | 101001262 | Hdfc Bank Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Bhagwati Developers Pvt.Ltd. has 62 court cases on record: 37 filed by Bhagwati Developers, 25 filed against it. 13 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 6 | 7 |
| Supreme Court | 19 | 4 | 0 |
| NCLAT | 13 | 13 | 5 |
| District courts | 5 | 2 | 1 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Shikha Holdings Private Limited & Anr. and 1 other | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Zodiac Developers Private Limited and Anr | Pending |
| Supreme Court | Appeal | Filed by the company against The Peerless General Finance and Investment Co. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Zodiac Developers Private Limited and Anr and 1 other | Disposed |
| Supreme Court | Court case (1003-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters arising out of orders of Company Law Board under Section 397 & 398 of Companies Act, 1956) | Filed by the company against Go Ahead Holdings (P) Ltd. Through Its Director Having Its Registered Office at 8/2 K.S. Roy Road, Calcutta- 700 001, West Bengal; , , Other and 26 others | Disposed |
To see the full case history of Bhagwati Developers Pvt.Ltd., 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 Bhagwati Developers Pvt.Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhagwati Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCB0305P1ZQ | West Bengal | Active | 28 Nov 2022 |
To see the full GST registrations and return filing status of Bhagwati Developers Pvt.Ltd., buy the company report.
Recent activity
Bhagwati Developers Pvt.Ltd. has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Bhanwari Devi Lodha ceased to be Director on 24 Oct 2017.
Frequently asked questions
Bhagwati Developers is an active private limited company based in Kolkata, West Bengal, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 27 March 1981 (45+ years old) and is registered under CIN U70200WB1981PTC033488.
Bhagwati Developers has 2 current directors:
- Vasudha Lodha - Director
- Madhu Lodha - Director
The latest financial statements of Bhagwati Developers 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 2015 are in the company report.
The GSTIN of Bhagwati Developers is 19AABCB0305P1ZQ, registered in West Bengal.
The CIN (Corporate Identification Number) of Bhagwati Developers is U70200WB1981PTC033488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagwati Developers has 62 court cases on record: 37 filed by the company and 25 filed against it. 13 are pending. Most are in the high courts.
Bhagwati Developers was incorporated on 27 March 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
Bhanwari Devi Lodha ceased to be Director on 24 Oct 2017. Vasudha Lodha was appointed as Director on 03 Jan 2011. Manohar Mull Lodha ceased to be Director on 04 Aug 2009. Bhagwati Developers has 4 board changes on record in total.
The registered office of Bhagwati Developers is at 48 S.N.Roy Road., Kolkata, West Bengal, India – 700038.
Bhagwati Developers operates in the business outsourcing industry, in the business and IT consulting segment.