About Bieven Technology Private Limited
Data last updated:
Bieven Technology Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 26 October 2006.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2006PTC040789. Its GSTIN is 29AACCN3865H1Z6 (Karnataka).
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Nitesh Estates Projects Private Limited and Nitesh Estates Projects Private Limtied. It was led by directors including Vijay Kumar Arora and Lalgudi Saptharishi Vaidyanathan.
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 was at Bangalore, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.59 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹17.27 Lakh (net margin -6.7%) and EBITDA of -₹2.62 Cr (EBITDA margin -101.3%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 5% over five years.
As per MCA filings, the company had open charges of ₹60 Cr and satisfied charges of ₹108.5 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2019.
The last known website on record is niteshgroup.com.
Company details
Name history
Bieven Technology has undergone 3 name changes throughout its history. The company was previously known as Nitesh Estates Projects Private Limited, Nitesh Estates Projects Private Limtied, and Nitesh Estates Projects Private Limted. The current legal name is Bieven Technology Private Limited.
| Company Name | Status |
|---|---|
| Bieven Technology Private Limited | Current |
| Nitesh Estates Projects Private Limited | Previous |
| Nitesh Estates Projects Private Limtied | Previous |
| Nitesh Estates Projects Private Limted | Previous |
Contact details
Bieven Technology Private Limited's registered office is in Bangalore, Karnataka. Its website is niteshgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.23/1 1st Floor, 1st Main Vasanth Nagar, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Bieven Technology 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 Bieven Technology Private Limited
FY 2023 filings availableBieven Technology Private Limited reported revenue of ₹2.59 Cr (down 36% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 36% fall 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.27 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -101.3% | ||||
| Net Profit Margin | -6.7% | ||||
| 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 Bieven Technology Private Limited, buy the company report.
Board of directors of Bieven Technology Private Limited
Bieven Technology has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Kumar Arora Also directs: Hey Spoon Private Limited | Director | 19 Jan 2023 | 3 Years 9 Months | As last reported |
| Lalgudi Saptharishi Vaidyanathan Also directs: Satchmo Holdings Limited, Nirpl Ventures Private Limited, Northroof Ventures Private Limited and 4 more | Director | 26 Oct 2006 | 20 Years 0 Months | As last reported |
| Dev Kishan Baheti Also directs: Ewyndotha Infra Ventures Private Limited | Additional Director | 15 Mar 2024 | 2 Years 7 Months | As last reported |
Auditor
Bieven Technology Private Limited is audited by S V R & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V R & ASSOCIATES | FY 2020 | 003767S |
Shareholding
The shareholding of Bieven Technology Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bieven Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2009 | 10158775 | Housing Development Finance Corporation Limited | ₹50 Cr | Satisfied | |
| 31 Mar 2009 | 10158770 | Housing Development Finance Corporation Limited | ₹20 Cr | Satisfied | |
| 30 Aug 2007 | 10071474 | Housing Development Finance Corporation Limited | ₹12.5 Cr | Satisfied | |
| 14 Aug 2007 | 10069282 | Housing Development Finance Corporation Limited | ₹4 Cr | Satisfied | |
| 11 Jan 2007 | 10048036 | Housing Development Finance Corporation Limited | ₹22 Cr | Satisfied |
To see the full charge records of Bieven Technology Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Bieven Technology Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Fijita Outdoor Ads and Networks Private Limited |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Fijita Outdoor Ads and Networks Private Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bieven Technology Private Limited has 16 court cases on record: 8 filed by Bieven Technology, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 5 | 0 |
| District courts | 3 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Nitesh Buckingham Gate Apartment Owners Association Regd and 5 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by M/S Katrishma Parad.&Hill Coun.Res.P.Ltd | Disposed |
To see the full case history of Bieven Technology 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 Bieven Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bieven Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCN3865H1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bieven Technology Private Limited, buy the company report.
Recent activity
Bieven Technology Private Limited has 7 board changes on record since 2006: 3 appointments and 4 cessations. The latest: Dev Kishan Baheti was appointed as Additional Director on 15 Mar 2024.
10 earlier events are in the company report.
Frequently asked questions
Bieven Technology has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Bieven Technology was a private limited company based in Bangalore, Karnataka, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 October 2006 and is registered under CIN U70102KA2006PTC040789. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Bieven Technology was incorporated on 26 October 2006. It is registered with the Registrar of Companies, Bangalore.
Bieven Technology had 3 directors:
- Vijay Kumar Arora - Director
- Lalgudi Saptharishi Vaidyanathan - Director
- Dev Kishan Baheti - Additional Director
The CIN (Corporate Identification Number) of Bieven Technology is U70102KA2006PTC040789. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Bieven Technology is at No.231 1st Floor, 1st Main Vasanth Nagar, Bangalore, Karnataka, India – 560001.
Bieven Technology can be reached through the website niteshgroup.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Bieven Technology 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 Bieven Technology is 29AACCN3865H1Z6, registered in Karnataka.
Bieven Technology operated in the real estate and construction industry, in the real estate builders and developers segment.
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