Duroflex Apartments Private Limited
About Duroflex Apartments Private Limited
Data last updated:
Duroflex Apartments 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 leasing and property management segment of the real estate sector. It was incorporated on 19 May 1998.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA1998PTC023754.
The company had an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6.92 Lakh. It was led by directors Sanjay Shand and Ajay Shand.
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 was at No. 52 7th Cross Wilson Garden, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2024, the company reported a revenue of ₹13,166, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹30,455 (net margin -231.3%) and EBITDA of -₹25,341 (EBITDA margin -192.5%). Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 46% over five years.
As per MCA filings, the company had open charges of ₹1.84 Cr on record.
Company details
Contact details
Duroflex Apartments Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 52 7th Cross Wilson Garden, Bangalore, Karnataka, India – 560027
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Duroflex Apartments 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 Duroflex Apartments Private Limited
FY 2024 filings availableDuroflex Apartments Private Limited reported revenue of ₹13,166 (down 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 46% over five years, including a 98% fall in the latest year. EBITDA fell 104% 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 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 | -₹25,341 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹30,455 | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -192.5% | ||||
| Net Profit Margin | -231.3% | ||||
| 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 Duroflex Apartments Private Limited, buy the company report.
Board of directors of Duroflex Apartments Private Limited
Duroflex Apartments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Shand Also directs: Shand Pipe Industry Private Limited, Diamond Pipes & Tubes Private Limited, Fulfil Tieup Pvt Ltd and 1 more | Director | 19 May 1998 | 28 Years 5 Months | As last reported |
| Ajay Shand Also directs: Shand Pipe Industry Private Limited, Diamond Pipes & Tubes Private Limited, Fulfil Tieup Pvt Ltd and 2 more | Director | 02 Jul 2018 | 8 Years 3 Months | As last reported |
Peer comparison
Duroflex Apartments Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Star Infracity International Private Limited | ₹13,200 (FY 2024) | 3.0% | Firozabad, Uttar Pradesh, India | |||
| Premier League Greens Private Limited | ₹13,197 (FY 2025) | New Delhi, Delhi, India | ||||
| Omsatyai Properties Private Limited | ₹13,181 (FY 2025) | -16.0% | Durgapur, West Bengal, India | |||
| Duroflex Apartments Private Limitedthis company | ₹13,166 (FY 2024) | -₹30,455 | -231.3% | -98.0% | Bangalore, Karnataka, India | |
| Smartspace Infrastructure Private Limited | ₹13,158 (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Alok Villa Private Limited | ₹13,134 (FY 2025) | 78.0% | Kolkata, West Bengal, India | |||
| Bidhan Nirman Private Limited | ₹13,133 (FY 2025) | -78.0% | Amherst Street, West Bengal, India |
To see the full peer comparison of Duroflex Apartments Private Limited, buy the company report.
Auditor
Duroflex Apartments Private Limited is audited by KPMS & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KPMS & ASSOCIATES | FY 2017 | 012090S |
Shareholding
The shareholding of Duroflex Apartments Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Duroflex Apartments Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 1999 | 90197582 | State Bank of India | ₹92 Lakh | Open | |
| 14 Aug 1999 | 90200408 | State Bank of India | ₹92 Lakh | Open |
To see the full charge records of Duroflex Apartments Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Duroflex Apartments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Duroflex Apartments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Duroflex Apartments Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Duroflex Apartments Private Limited has 4 board changes on record since 1998: 2 appointments and 2 cessations. The latest: Ajay Shand ceased to be Additional Director on 29 Sep 2018.
Frequently asked questions
Duroflex Apartments 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.
Duroflex Apartments was a private limited company based in Bangalore, Karnataka, India. The company worked in real estate leasing, within the real estate industry. It was incorporated on 19 May 1998 and is registered under CIN U70101KA1998PTC023754. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Duroflex Apartments was incorporated on 19 May 1998. It is registered with the Registrar of Companies, Bangalore.
Duroflex Apartments had 2 directors:
- Sanjay Shand - Director
- Ajay Shand - Director
The CIN (Corporate Identification Number) of Duroflex Apartments is U70101KA1998PTC023754. 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 Duroflex Apartments is at No. 52 7th Cross Wilson Garden, Bangalore, Karnataka, India – 560027.
The latest financial statements of Duroflex Apartments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
Duroflex Apartments operated in the real estate industry, in the real estate leasing segment.
The peers of Duroflex Apartments by revenue are Star Infracity International Private Limited, Premier League Greens Private Limited, Omsatyai Properties Private Limited, Smartspace Infrastructure Private Limited, Alok Villa Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Ajay Shand ceased to be Additional Director on 29 Sep 2018. Ajay Shand was appointed as Director on 02 Jul 2018. Mary Kutty George ceased to be Director on 02 Jul 2018. Duroflex Apartments has 4 board changes on record in total.
Duroflex Apartments has open charges of ₹1.84 Cr and no satisfied charges on record as per latest MCA filings.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
