Dhruvi Properties Private Limited
About Dhruvi Properties Private Limited
Data last updated:
Dhruvi Properties Private Limited is a private limited company based in Mumbai, Maharashtra, 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 August 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2009PTC194959. Its GSTIN is 27AADCD2763P1Z7 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pawitter Singh and Karmbir Singh.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Paras Centre A Office No. 127 1st Floor Tata Road No. 2 Opera House, Mumbai, Maharashtra, India – 400004.
As per the financials filed for FY 2022, the company reported a revenue of ₹32.81 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.13 Lakh (net margin 0.7%) and EBITDA of ₹31.26 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 97% over three years and 117% over five years.
Court records list 12 cases involving the company, including 8 filed by the company and 4 filed against it; 6 cases are pending.
Company details
Contact details
Dhruvi Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressParas Centre A Office No. 127 1st Floor Tata Road No. 2 Opera House, Mumbai, Maharashtra, India – 400004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Dhruvi Properties 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 Dhruvi Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Dhruvi Properties Private Limited, buy the company report.
Financials of Dhruvi Properties Private Limited
FY 2022 filings availableDhruvi Properties Private Limited reported revenue of ₹32.81 Cr (up 4420% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 117% over five years. EBITDA rose 541% 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 | ₹32.81 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹31.26 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹23.13 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 1% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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To see the full financial statements and ratios of Dhruvi Properties Private Limited, buy the company report.
Board of directors of Dhruvi Properties Private Limited
Dhruvi Properties has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawitter Singh Also directs: Ganpati Hydro Power Private Limited | Director | 15 Jun 2018 | 8 Years 4 Months | As last reported |
| Karmbir Singh Also directs: Sukh-Suvidha Real Estate Limited, Bilpower Textiles and Conpro Private Limited, Karan Conpro Private Limited and 5 more | Additional Director | 06 Nov 2023 | 2 Years 11 Months | As last reported |
Peer comparison
Dhruvi Properties Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhruvi Properties Private Limitedthis company | ₹32.81 Cr (FY 2022) | ₹23.13 Lakh | 0.7% | 4420.0% | Mumbai, Maharashtra, India | |
| Landmark Buildwell Private Limited | ₹29.32 Cr (FY 2024) | -43.0% | New Delhi, Delhi, India | |||
| Bridge Constructions Private Limited | ₹29.29 Cr (FY 2024) | 89.0% | Hyderabad, Telangana, India | |||
| Nucleus Premium Properties Private Limited | ₹29.28 Cr (FY 2018) | -34.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Dhruvi Properties Private Limited, buy the company report.
Auditor
Dhruvi Properties Private Limited is audited by PRIYAVRAT & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRIYAVRAT & ASSOCIATES | FY 2018 | 140707W |
Shareholding
The shareholding of Dhruvi Properties Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Dhruvi Properties Private Limited, buy the company report.
Legal cases
Dhruvi Properties Private Limited has 12 court cases on record: 8 filed by Dhruvi Properties, 4 filed against it. 6 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 5 | 1 | 5 |
| District courts | 3 | 2 | 1 |
| High courts | 2 | 0 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Mr. Kiran Shah .Petitioners Resolution Professional of KSL and Industries Limited and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Mr. Kiran Shah .Petitioners Resolution Professional of KSL and Industries Limited and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Mr. Kiran Shah Resolution Professional of KSL and Industries Limited and 2 others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Dhruvi Properties 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 Dhruvi Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhruvi Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCD2763P1Z7 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhruvi Properties Private Limited, buy the company report.
Recent activity
Dhruvi Properties Private Limited has 15 board changes on record since 2009: 2 appointments and 13 cessations. The latest: Karmbir Singh was appointed as Additional Director on 06 Nov 2023.
6 earlier events are in the company report.
Frequently asked questions
Dhruvi Properties 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.
Dhruvi Properties is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 August 2009 and is registered under CIN U45202MH2009PTC194959. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Dhruvi Properties has 2 current directors:
- Pawitter Singh - Director
- Karmbir Singh - Additional Director
The latest financial statements of Dhruvi Properties on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Dhruvi Properties is U45202MH2009PTC194959. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhruvi Properties has 12 court cases on record: 8 filed by the company and 4 filed against it. 6 are pending. Most are in the nclat.
Dhruvi Properties was incorporated on 17 August 2009. It is registered with the Registrar of Companies, Mumbai.
The peers of Dhruvi Properties by revenue are Landmark Buildwell Private Limited, Bridge Constructions Private Limited, Nucleus Premium Properties Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Karmbir Singh was appointed as Additional Director on 06 Nov 2023. Namadev Mahadev Patil ceased to be Additional Director on 06 Nov 2023. Parveen ceased to be Additional Director on 23 Sep 2018. Dhruvi Properties has 15 board changes on record in total.
The registered office of Dhruvi Properties is at Paras Centre A Office No. 127 1st Floor Tata Road No. 2 Opera House, Mumbai, Maharashtra, India – 400004.
The GSTIN of Dhruvi Properties is 27AADCD2763P1Z7, registered in Maharashtra.