About Brilliant Spaces Limited
Data last updated:
Brilliant Spaces Limited was a public limited company based in Indore, Madhya Pradesh, India, operated as a subsidiary of Brilliant Estates Limited. 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 financing segment of the financial services sector. It was incorporated on 04 August 1999.
The company was registered with the Registrar of Companies (ROC), Gwalior, under CIN U70100MP1999PLC023039. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹3 Cr and a paid-up capital of ₹39.3 Lakh. It was formerly known as Ubiquity Digital Card Systems Limited and Brilliant Realtech Developers Limited. It was led by directors including Dhruvraj Choudhary and Yogendra Kumar Upadhyay.
Its last annual general meeting (AGM) was held on 20 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 8th Floor Brilliant Platina Plot No.8 Scheme No.78 Part – II, Indore, Madhya Pradesh, India – 452010.
As per the financials filed for FY 2022, the company reported a revenue of ₹21.88 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net loss of ₹5.44 Cr (net margin -24.9%) and EBITDA of ₹16.1 Cr (EBITDA margin 73.6%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 7% over five years.
As per MCA filings, the company had satisfied charges of ₹404.9 Cr on record. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.54 Cr; the latest was in September 2016. Its 6 peer companies in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 5 smaller; the largest is Maniam Properties Pvt Ltd with revenue of ₹22.16 Cr.
The last known website on record is brilliantestates.com.
Company details
Name history
Brilliant Spaces has undergone 2 name changes throughout its history. The company was previously known as Ubiquity Digital Card Systems Limited, and Brilliant Realtech Developers Limited. The current legal name is Brilliant Spaces Limited.
| Company Name | Status |
|---|---|
| Brilliant Spaces Limited | Current |
| Ubiquity Digital Card Systems Limited | Previous |
| Brilliant Realtech Developers Limited | Previous |
CIN history
Brilliant Spaces has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70100MP1999PLC023039, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MP1999PLC023039 | Current |
| U72200MH1999PLC121131 | Previous |
| U72200MP1999PLC023039 | Previous |
| U45400MP1999PLC023039 | Previous |
Contact details
Brilliant Spaces Limited's registered office is in Indore, Madhya Pradesh. Its website is brilliantestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8th Floor Brilliant Platina Plot No.8 Scheme No.78 Part – II, Indore, Madhya Pradesh, India – 452010
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Brilliant Spaces 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 activities of Brilliant Spaces are real estate and support service to organizations. In detail, this covers real estate activities with own or leased property and housekeeping & maintenance service. 2 activity segments are registered with the MCA.
| 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 | |
| N | Support service to Organizations | N5 | Housekeeping & maintenance service |
To see the full business activity and turnover split of Brilliant Spaces Limited, buy the company report.
Financials of Brilliant Spaces Limited
FY 2022 filings availableBrilliant Spaces Limited reported revenue of ₹21.88 Cr (up 23% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 11% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.44 Cr | ||||
| 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 | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73.6% | ||||
| Net Profit Margin | -24.9% | ||||
| 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 Brilliant Spaces Limited, buy the company report.
Board of directors of Brilliant Spaces Limited
Brilliant Spaces has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruvraj Choudhary | Director | 05 Jan 2009 | 17 Years 10 Months | As last reported |
| Yogendra Kumar Upadhyay | Director | 20 Apr 2010 | 16 Years 6 Months | As last reported |
| Sanjay Choudhary | Director | 10 Sep 2008 | 18 Years 2 Months | As last reported |
| Madhuri Choudhary | Director | 20 Apr 2010 | 16 Years 6 Months | As last reported |
Peer comparison
Brilliant Spaces Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maniam Properties Pvt Ltd | ₹22.16 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Brilliant Spaces Limitedthis company | ₹21.88 Cr (FY 2022) | -₹5.44 Cr | -24.9% | 23.0% | Indore, Madhya Pradesh, India | |
| Quest Coworks Private Limited | ₹21.87 Cr (FY 2024) | 33.0% | Mumbai, Maharashtra, India | |||
| M.M.G.Holdings Private Limited | ₹21.81 Cr (FY 2025) | -4.0% | Chennai, Tamil Nadu, India | |||
| Ceedeeyes IT Parks Private Limited | ₹21.79 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| E Complex Private Limited | ₹21.73 Cr (FY 2020) | 17.0% | Ahmedabad, Gujarat, India | |||
| Hilite Business Park Private Limited | ₹21.72 Cr (FY 2024) | 52.0% | Kozhikode, Kerala, India |
To see the full peer comparison of Brilliant Spaces Limited, buy the company report.
Auditor
Brilliant Spaces Limited is audited by DINESH KOTHARI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DINESH KOTHARI & ASSOCIATES | FY 2022 | 073581 |
Shareholding
The shareholding of Brilliant Spaces 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 Brilliant Spaces Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2021 | 100516226 | Others | ₹3 Cr | Satisfied | |
| 13 Jan 2021 | 100411912 | Others | ₹64 Lakh | Satisfied | |
| 22 Dec 2020 | 100402112 | Others | ₹4.26 Cr | Satisfied | |
| 01 Dec 2020 | 100399378 | Others | ₹125 Cr | Satisfied | |
| 17 Mar 2020 | 100342258 | State Bank of India | ₹30.75 Cr | Satisfied |
To see the full charge records of Brilliant Spaces Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Brilliant Spaces Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.54 Cr; the latest was in September 2016.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Brilliant Estates Limited , 3 individuals Seller: 4 individuals |
| Nov 2013 | Funding round | ₹6 Cr | Investors: Brilliant Estates Limited |
| Mar 2012 | Funding round | ₹8.54 Cr | Investors: Brilliant Estates Limited |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Feb 2008 | Secondary share transfer | Undisclosed | Buyer: Brilliant Estates Limited Seller: Magnificent Constructions Private Limited , Classic Merchandisers Private Limited , Butterfly Card Systems Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Brilliant Spaces Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Brilliant Spaces Limited was last rated by Icra on 07 Mar 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Mar 2018 |
To see the full credit ratings and regulatory alerts of Brilliant Spaces Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Brilliant Spaces Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Brilliant Spaces has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Brilliant Spaces Limited, buy the company report.
Recent activity
Brilliant Spaces Limited has 15 board changes on record since 2008: 4 appointments and 11 cessations. The latest: Dhanpal Jain ceased to be Director on 31 Mar 2018.
33 earlier events are in the company report.
Frequently asked questions
Brilliant Spaces 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.
Brilliant Spaces was a public limited company based in Indore, Madhya Pradesh, India. The company worked in real estate financing, within the financial services industry. It was incorporated on 04 August 1999 and is registered under CIN U70100MP1999PLC023039. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Brilliant Spaces was incorporated on 04 August 1999. It is registered with the Registrar of Companies, Gwalior.
Brilliant Spaces had 4 directors:
- Dhruvraj Choudhary - Director
- Yogendra Kumar Upadhyay - Director
- Sanjay Choudhary - Director
- Madhuri Choudhary - Director
The CIN (Corporate Identification Number) of Brilliant Spaces is U70100MP1999PLC023039. 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 Brilliant Spaces is at 8th Floor Brilliant Platina Plot No.8 Scheme No.78 Part – II, Indore, Madhya Pradesh, India – 452010.
Brilliant Spaces can be reached through the website brilliantestates.com. Its registered office is in Indore, Madhya Pradesh, India.
The latest financial statements of Brilliant Spaces on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 20 September 2022. Year-wise statements from 2015 are in the company report.
No. Brilliant Spaces has 1 GST registration on record and it is cancelled or inactive.
Brilliant Spaces operated in the financial services industry, in the real estate financing segment.
Brilliant Spaces has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹14.54 Cr; the latest was in September 2016.
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