About Corolla Realty Limited
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Corolla Realty Limited was a public limited company based in Pune, Maharashtra, India, operated as a subsidiary of Kolte-Patil Developers 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 development and construction segment of the real estate and construction sector. It was incorporated on 13 January 2006.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U70102PN2006PLC021837. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹57.93 Lakh. It was led by directors including Milind Digambar Kolte (Person Incharge) and Jayant Gopal Pendse.
Its last annual general meeting (AGM) was held on 12 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at City Point Dhole Patilroad Pune – 411 001, Maharashtra, India.
As per the financials filed for FY 2016, the company reported a revenue of ₹102.73 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹18.26 Cr (net margin 17.8%) and EBITDA of ₹29.56 Cr (EBITDA margin 28.8%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 23% over five years.
The company had about 77 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹65 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.92 Cr; the latest was in March 2016. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 4 smaller; the largest is Pittie Antariksh Realty Private Limited with revenue of ₹73.18 Cr.
The last known website on record is koltepatil.com.
Company details
CIN history
Corolla Realty has one previous CIN (Corporate Identification Number): U70102PN2006PTC021837. The current CIN is U70102PN2006PLC021837, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102PN2006PLC021837 | Current |
| U70102PN2006PTC021837 | Previous |
Contact details
Corolla Realty Limited's registered office is in Pune, Maharashtra. Its website is koltepatil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCity Point Dhole Patilroad Pune – 411 001, Maharashtra, India
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Corolla Realty 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 Corolla Realty 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 Corolla Realty Limited, buy the company report.
Financials of Corolla Realty Limited
FY 2016 filings availableCorolla Realty Limited reported revenue of ₹102.73 Cr (up 41% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 41% growth in the latest year. EBITDA rose 15% 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹102.73 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹29.56 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹18.26 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 | ||
| Cash and Bank Balance | ||
| Total Assets | ||
Financial Ratios
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 28.8% | |
| Net Profit Margin | 17.8% | |
| 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 Corolla Realty Limited, buy the company report.
Board of directors of Corolla Realty Limited
Corolla Realty has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Milind Digambar Kolte Also directs: Kp-Rachana Real Estate LLP, Bouvardia Developers LLP, Kp-Sk Projects Management LLP and 5 more | Person Incharge | 05 Sep 2013 | 13 Years 2 Months | As last reported |
| Jayant Gopal Pendse | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
| Pramod Purushottam Nemade | Nominee Director | 08 Mar 2011 | 15 Years 8 Months | As last reported |
| Prakash Yashwant Gurav | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Corolla Realty Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), 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 |
|---|---|---|---|---|---|---|
| Corolla Realty Limitedthis company | ₹102.73 Cr (FY 2016) | ₹18.26 Cr | 17.8% | 41.0% | 77 | Pune, Maharashtra, India |
| Pittie Antariksh Realty Private Limited | ₹73.18 Cr (FY 2025) | 77.0% | Mumbai, Maharashtra, India | |||
| Eon-Hinjewadi Infrastructure Private Limited | ₹72.89 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| Forum Projects Private Limited | ₹72.88 Cr (FY 2024) | -32.0% | Kolkata, West Bengal, India | |||
| Aparna Property Management Services Private Limited | ₹72.76 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Gokul Kripa Colonizers and Developers Private Limited | ₹72.63 Cr (FY 2025) | -44.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Corolla Realty Limited, buy the company report.
Auditor
Corolla Realty Limited is audited by - for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| - | FY 2016 |
Shareholding
The shareholding of Corolla Realty Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Corolla Realty Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2014 | 10515964 | Idbi Bank Limited | ₹30 Cr | Satisfied | |
| 13 Mar 2008 | 10100288 | Industrial Development Bank of India Limited | ₹35 Cr | Satisfied |
To see the full charge records of Corolla Realty Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Corolla Realty Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.92 Cr; the latest was in March 2016.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Kolte Patil Developers Limited & Atul Bohra, Kolte Patil Developers Limited & Nirmal Kolte, Kolte-Patil Developers Limited Seller: Icici Venture, an individual |
| Sep 2012 | Secondary share transfer | Undisclosed | Seller: Icici Venture, Kolte-Patil Developers Limited , an individual |
| Jul 2012 | Secondary share transfer | Undisclosed | Seller: Icici Venture, Kolte-Patil Developers Limited , an individual |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: Kolte Patil Developers Limited & Sujay Kalele, Kolte Patil Developers Limited & Vasant Gaikwad, Kolte Patil Developers Limited & Milind Kolte Seller: Kolte-Patil Developers Limited |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: Icici Venture Seller: Kolte-Patil Developers Limited |
To see the full deal history of Corolla Realty Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Corolla Realty Limited has 2 court cases on record: 2 filed by Corolla Realty. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Corolla Realty 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 Corolla Realty Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Corolla Realty Limited has a workforce of 77 employees on its EPFO records as of Mar 2017.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2016-17 | 77 |
| FY 2015-16 | |
| FY 2014-15 | |
| FY 2013-14 | |
| FY 2012-13 | |
| FY 2011-12 | |
| FY 2010-11 |
To see the full employee and EPFO history of Corolla Realty Limited, buy the company report.
GST
Corolla Realty 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 Corolla Realty Limited, buy the company report.
Recent activity
Corolla Realty Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Ishwarchand Kishorilal Goyal ceased to be Director on 09 Oct 2015.
15 earlier events are in the company report.
News
Frequently asked questions
Corolla Realty 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.
Corolla Realty was a public limited company based in Pune, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 January 2006 and is registered under CIN U70102PN2006PLC021837. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Corolla Realty was incorporated on 13 January 2006. It is registered with the Registrar of Companies, Pune.
Corolla Realty had 4 directors:
- Jayant Gopal Pendse - Director
- Pramod Purushottam Nemade - Nominee Director
- Prakash Yashwant Gurav - Director
- Milind Digambar Kolte - Person Incharge
The CIN (Corporate Identification Number) of Corolla Realty is U70102PN2006PLC021837. 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 Corolla Realty is at City Point Dhole Patilroad Pune – 411 001, Maharashtra, India.
Corolla Realty can be reached through the website koltepatil.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Corolla Realty on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 12 September 2016. Year-wise statements from 2015 are in the company report.
No. Corolla Realty has 1 GST registration on record and it is cancelled or inactive.
Corolla Realty operated in the real estate and construction industry, in the real estate builders and developers segment.
Corolla Realty has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹5.92 Cr; the latest was in March 2016.
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