Citistar Developers Pvt Ltd
About Citistar Developers Pvt Ltd
Data last updated:
Citistar Developers Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 09 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70109WB1990PTC048168. Its GSTIN is 19AABCC0203F1ZD (West Bengal).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1.01 Lakh. It was formerly known as Citistar Developers Limited. It is led by directors Harsh Vardhan Rungta (Managing Director) and Nidhi Rungta.
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 120 Lenin Sarani 5th Floor, Kolkata, West Bengal, India – 700013.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.12 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹14.17 Lakh (net margin -25.7%) and EBITDA of ₹10.62 Lakh (EBITDA margin 19.3%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹6.22 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address120 Lenin Sarani 5th Floor, Kolkata, West Bengal, India – 700013
- IndustryFinancial Services, Real Estate Financing
- 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
- One PDF report, delivered after checkout
Business Activity of Citistar Developers Pvt Ltd
The main business activities of Citistar Developers are trade and real estate. In detail, this covers wholesale trading and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Citistar Developers Pvt Ltd
Citistar Developers Pvt Ltd is audited by VIJAY BHUSHAN AGARWAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY BHUSHAN AGARWAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Citistar Developers Pvt Ltd
Citistar Developers 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 |
|---|---|---|---|---|
| Harsh Vardhan Rungta Also directs: Sunidhi Properties LLP, Aayush Steelco Private Limited, Spring Valley Computech Private Limited and 2 more | Managing Director | 08 Oct 1991 | 34 Years 11 Months | Current |
| Nidhi Rungta | Director | 10 Aug 2007 | 19 Years 1 Months | Current |
Financials of Citistar Developers Pvt Ltd FY 2024 filings available
Citistar Developers Pvt Ltd reported revenue of ₹55.12 Lakh (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Citistar Developers Pvt Ltd
Revenue rose 9% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 57% 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 of Citistar Developers Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.17 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 of Citistar Developers Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -25.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Citistar Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Citistar Developers Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Citistar Developers Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jan 2023 | Others | ₹2 Cr | Open |
| 24 Jul 2020 | Standard Chartered Bank | ₹22.85 Lakh | Satisfied |
| 24 Jul 2020 | Standard Chartered Bank | ₹17.62 Lakh | Satisfied |
| 31 Jul 2017 | Standard Chartered Bank | ₹5.1 Cr | Satisfied |
| 03 Dec 2011 | Ing Vysya Bank Limited | ₹71.57 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Citistar Developers Pvt Ltd
Employment history and EPFO contributions of people linked to Citistar Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Citistar Developers Pvt Ltd
Citistar Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCC0203F1ZD | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Citistar Developers Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Citistar Developers Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Citistar Developers Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Citistar Developers Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Citistar Developers Pvt Ltd
Frequently Asked Questions about Citistar Developers Pvt Ltd
Citistar Developers is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 09 January 1990 (36+ years old) and is registered under CIN U70109WB1990PTC048168.
Citistar Developers reported revenue of ₹55.12 Lakh for FY 2024 (up 9% YoY).
Citistar Developers has 2 current directors:
- Harsh Vardhan Rungta - Managing Director
- Nidhi Rungta - Director
Citistar Developers reported a net loss of ₹14.17 Lakh (net margin -25.7%) and EBITDA of ₹10.62 Lakh (EBITDA margin 19.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Citistar Developers is 22% over three years and -7% over five years. In the latest year (FY 2024) revenue rose 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Citistar Developers is 19AABCC0203F1ZD, registered in West Bengal.
The CIN (Corporate Identification Number) of Citistar Developers is U70109WB1990PTC048168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citistar Developers was incorporated on 09 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kolkata.
The registered office of Citistar Developers is at 120 Lenin Sarani 5th Floor, Kolkata, West Bengal, India – 700013.