Bhasin Infotech and Infrastructure Private Limited
About Bhasin Infotech and Infrastructure Private Limited
Data last updated:
Bhasin Infotech and Infrastructure 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 mall and retail management segment of the business services sector. It was incorporated on 23 May 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2006PTC149113. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹25 Cr. It is led by directors Harpreet Singh Chhabra and Satinder Singh Bhasin.
Its last annual general meeting (AGM) was held on 30 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 13A Mohan Cooperative Industrial Estate Mathura Road, Delhi, India – 110044.
As per the financials filed for FY 2023, the company reported a revenue of ₹32.48 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net loss of ₹23.87 Cr (net margin -73.5%) and EBITDA of ₹89.45 Lakh (EBITDA margin 2.8%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 12% over five years.
The company has about 28 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹276.12 Cr on record. Court records list 188 cases involving the company, including 73 filed by the company and 115 filed against it; 25 cases are pending.
Company details
Contact details
Bhasin Infotech and Infrastructure Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address13A Mohan Cooperative Industrial Estate Mathura Road, Delhi, India – 110044
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Bhasin Infotech and Infrastructure 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 Bhasin Infotech and Infrastructure 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 Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Financials of Bhasin Infotech and Infrastructure Private Limited
FY 2023 filings availableBhasin Infotech and Infrastructure Private Limited reported revenue of ₹32.48 Cr (up 86% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 86% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 12%. EBITDA rose 103% 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 |
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| EBITDA | ₹89.45 Lakh | ||||
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| Net Profit (PAT) | -₹23.87 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | -73.5% | ||||
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To see the full financial statements and ratios of Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Board of directors of Bhasin Infotech and Infrastructure Private Limited
Bhasin Infotech and Infrastructure has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harpreet Singh Chhabra Also directs: Venice Maintenance LLP, Magnum Garments Private Limited, Bhasin Motors India Private Limited and 5 more | Director | 30 Jan 2019 | 7 Years 9 Months | As last reported |
| Satinder Singh Bhasin Also directs: Venice Maintenance LLP, Urza Hospitality LLP | Director | 09 May 2017 | 9 Years 5 Months | As last reported |
Auditor
Bhasin Infotech and Infrastructure Private Limited is audited by Bansal V & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bansal V & Company | FY 2022 | 011220C |
Shareholding
The shareholding of Bhasin Infotech and Infrastructure Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2013 | 10446368 | Punjab & Sind Bank | ₹30 Cr | Satisfied | |
| 28 Dec 2011 | 10332151 | Punjab & Sind Bank | ₹130 Cr | Satisfied | |
| 27 Aug 2008 | 10126238 | Punjab National Bank | ₹85.39 Cr | Satisfied | |
| 03 Apr 2008 | 10096674 | Punjab & Sind Bank | ₹30.73 Cr | Satisfied |
To see the full charge records of Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Bhasin Infotech and Infrastructure Private Limited has 188 court cases on record: 73 filed by Bhasin Infotech and Infrastructure, 115 filed against it. 25 cases are pending and 163 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 91 | 50 | 14 |
| District courts | 71 | 55 | 9 |
| Supreme Court | 20 | 5 | 2 |
| NCLT | 5 | 5 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (5 of 188)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Civil suit | Filed against the company by M/S Jain Amar Clothing Pvt. Ltd. | Pending |
| High Court | Writ petition | Filed by the company against Tyco Fire and Security India Pvt Ltd | Pending |
| High Court, GOA | Writ petition | Filed by the company against New Consolidated Construction Company Ltd and 5 others | Pending |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by M/S Jain Amar Clothing Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Commercial suit | Filed against the company by M/S. Cdi Security (India) Private Limited | Disposed |
To see the full case history of Bhasin Infotech and Infrastructure 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
Bhasin Infotech and Infrastructure Private Limited has 26 MSME Form 1 returns on record between 2017 and 2023, listing 214 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Z Plus Surveillance Security Private Limited | |||
| M.S Sales Corporation | |||
| Sma Power Control Private Limited | |||
| Home Zone India | |||
| an individual supplier |
To see the full MSME payment records of Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Bhasin Infotech and Infrastructure Private Limited has a workforce of 28 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Bhasin Infotech and Infrastructure has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Bhasin Infotech and Infrastructure Private Limited, buy the company report.
Recent activity
Bhasin Infotech and Infrastructure Private Limited has 16 board changes on record since 2006: 9 appointments and 7 cessations. The latest: Mohinder Singh Ahluwalia ceased to be Director on 29 Mar 2021.
18 earlier events are in the company report.
Frequently asked questions
Bhasin Infotech and Infrastructure 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.
Bhasin Infotech and Infrastructure is a company under insolvency, formerly operating as a private limited company based in Delhi, India. The company works in mall and retail management, within the business services industry. It was incorporated on 23 May 2006 and is registered under CIN U72300DL2006PTC149113. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Bhasin Infotech and Infrastructure has 2 current directors:
- Harpreet Singh Chhabra - Director
- Satinder Singh Bhasin - Director
The latest financial statements of Bhasin Infotech and Infrastructure on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 December 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bhasin Infotech and Infrastructure is U72300DL2006PTC149113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhasin Infotech and Infrastructure has no open charges and satisfied charges of ₹276.12 Cr as per latest MCA filings.
Bhasin Infotech and Infrastructure has 188 court cases on record: 73 filed by the company and 115 filed against it. 25 are pending. Most are in the high courts.
Bhasin Infotech and Infrastructure was incorporated on 23 May 2006. It is registered with the Registrar of Companies, Delhi.
Mohinder Singh Ahluwalia ceased to be Director on 29 Mar 2021. Yuvraj Abrol ceased to be Director on 22 Jun 2020. Harpreet Singh Chhabra was appointed as Director on 30 Jan 2019. Bhasin Infotech and Infrastructure has 16 board changes on record in total.
Bhasin Infotech and Infrastructure has 26 MSME Form 1 returns on record between 2017 and 2023, listing 214 overdue payments to 41 micro and small suppliers. The latest return was filed on 29 Aug 2023.
The registered office of Bhasin Infotech and Infrastructure is at 13A Mohan Cooperative Industrial Estate Mathura Road, Delhi, India – 110044.
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