E Complex Private Limited
About E Complex Private Limited
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E Complex Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Reliance Naval And Engineering Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 30 May 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63000GJ1995PTC026113. Its GSTIN is 24AAACM4095N1Z6 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Metdist Industries Private Limited and Metdist Industries Limited. It is led by directors including Manoj Kumar Upadhyaya and Shashank Shripad Vijayakar.
Its last annual general meeting (AGM) was held on 02 November 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 905/906 9th Floor Sakar II Bhikhabhai Park, Elles Bridge Cornre Ashram Road Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2020, the company reported a revenue of ₹21.73 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹55.04 Cr (net margin -253.3%) and EBITDA of ₹20.83 Cr (EBITDA margin 95.9%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 30% over five years.
As per MCA filings, the company has satisfied charges of ₹440 Cr on record. Court records list 73 cases involving the company, including 16 filed by the company and 57 filed against it; 29 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹281.96 Cr; the latest was in December 2023. Its 6 peer companies in the Infrastructure industry (Infrastructure Services, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 2 smaller; the largest is Brilliant Spaces Limited with revenue of ₹21.88 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
E Complex has undergone 2 name changes throughout its history. The company was previously known as Metdist Industries Private Limited, and Metdist Industries Limited. The current legal name is E Complex Private Limited.
| Company Name | Status |
|---|---|
| E Complex Private Limited | Current |
| Metdist Industries Private Limited | Previous |
| Metdist Industries Limited | Previous |
CIN history
E Complex has one previous CIN (Corporate Identification Number): U67120GJ1995PTC026113. The current CIN is U63000GJ1995PTC026113, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63000GJ1995PTC026113 | Current |
| U67120GJ1995PTC026113 | Previous |
Contact details
E Complex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address905/906 9th Floor Sakar II Bhikhabhai Park, Elles Bridge Cornre Ashram Road Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of E Complex 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 E Complex 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 E Complex Private Limited, buy the company report.
Financials of E Complex Private Limited
FY 2020 filings availableE Complex Private Limited reported revenue of ₹21.73 Cr (up 17% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 30%. EBITDA rose 106% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.73 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹20.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹55.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.9% | ||||
| Net Profit Margin | -253.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of E Complex Private Limited, buy the company report.
Board of directors of E Complex Private Limited
E Complex has 3 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Shripad Vijayakar Also directs: Afamado Advisory Services Private Limited, Jai Inesh Smart Meters Private Limited, Neptune Steel Strips Limited and 5 more | Additional Director | 19 Dec 2023 | 2 Years 10 Months | Current |
| Manoj Kumar Upadhyaya Also directs: Jai Inesh Smart Meters Private Limited | Director | 19 Dec 2023 | 2 Years 10 Months | Current |
| Girish Shantilal Damania Also directs: Deep Industrial Finance Limited, Valuecorp Securities and Finance Limited, Sancus Financial Services Private Limited and 3 more | Additional Director | 19 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
E Complex Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Infrastructure Services, 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 |
|---|---|---|---|---|---|---|
| Brilliant Spaces Limited | ₹21.88 Cr (FY 2022) | 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 Limitedthis company | ₹21.73 Cr (FY 2020) | -₹55.04 Cr | -253.3% | 17.0% | Ahmedabad, Gujarat, India | |
| Hilite Business Park Private Limited | ₹21.72 Cr (FY 2024) | 52.0% | Kozhikode, Kerala, India | |||
| Wellside Global Private Limited | ₹21.63 Cr (FY 2025) | 64.0% | Kolkata, West Bengal, India |
To see the full peer comparison of E Complex Private Limited, buy the company report.
Auditor
E Complex Private Limited is audited by RAJKUMAR RATHI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJKUMAR RATHI & CO | FY 2020 | 006342C |
Shareholding
The shareholding of E Complex Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of E Complex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2015 | 10604656 | Idbi Trusteeship Services Limited | ₹110 Cr | Satisfied | |
| 17 Mar 2015 | 10594958 | Idbi Trusteeship Services Limited | ₹120 Cr | Satisfied | |
| 31 Dec 2014 | 10545389 | Corporation Bank | ₹10 Cr | Satisfied | |
| 27 Sep 2014 | 10524384 | Others | ₹15 Cr | Satisfied | |
| 17 May 2012 | 10358623 | Idbi Trusteeship Services Limited | ₹130 Cr | Satisfied |
To see the full charge records of E Complex Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
E Complex Private Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹281.96 Cr; the latest was in December 2023.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Nikhil Jain & Reliance Naval and Engineering Limited, Paresh Rathod & Reliance Naval and Engineering Limited Seller: Bijay Sinha & Reliance Naval and Engineering Limited, Ajit Dabholkar & Reliance Naval and Engineering Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Ajit Dabholkar & Reliance Naval and Engineering Limited, Swan Defence and Heavy Industries Limited Seller: Nikhil Jain & Reliance Naval and Engineering Limited, 3 individuals |
| Mar 2006 | Funding round | ₹21.71 Cr | Investors: Swan Defence and Heavy Industries Limited , Chirag Oza & Reliance Naval and Engineering Limited, Debashis Bir & Reliance Naval and Engineering Limited |
To see the full deal history of E Complex Private 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
E Complex Private Limited has 73 court cases on record: 16 filed by E Complex, 57 filed against it. 29 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 23 | 23 | 8 |
| District courts | 21 | 20 | 12 |
| NCLT | 17 | 10 | 6 |
| High courts | 11 | 3 | 3 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Skil Infrastructure Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Prudent Arc Limited (Prudent Trust – 80/23) | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Union Bank of India | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Skil Infrastructure Ltd. | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by Mr. Sudip Bhattacharya Reliance Naval and Engineering Limited | Pending |
To see the full case history of E Complex 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 E Complex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
E Complex Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
E Complex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACM4095N1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of E Complex Private Limited, buy the company report.
Recent activity
E Complex Private Limited has 26 board changes on record since 2006: 3 appointments and 23 cessations. The latest: Girish Shantilal Damania was appointed as Additional Director on 19 Dec 2023.
32 earlier events are in the company report.
Frequently asked questions
E Complex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in real estate financing, within the financial services industry. It was incorporated on 30 May 1995 (31+ years old) and is registered under CIN U63000GJ1995PTC026113.
E Complex has 3 current directors:
- Shashank Shripad Vijayakar - Additional Director
- Manoj Kumar Upadhyaya - Director
- Girish Shantilal Damania - Additional Director
The latest financial statements of E Complex on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 02 November 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of E Complex is 24AAACM4095N1Z6, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of E Complex is U63000GJ1995PTC026113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
E Complex has 73 court cases on record: 16 filed by the company and 57 filed against it. 29 are pending. Most are in the nclat.
E Complex was incorporated on 30 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
E Complex has 4 deals on record (2 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹281.96 Cr; the latest was in December 2023.
The peers of E Complex by revenue are Brilliant Spaces Limited, Quest Coworks Private Limited, M.M.G.Holdings Private Limited, Ceedeeyes IT Parks Private Limited, Hilite Business Park Private Limited and 1 more, all in the Infrastructure industry (Infrastructure Services, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Girish Shantilal Damania was appointed as Additional Director on 19 Dec 2023. Madan Gopal Pendse ceased to be CFO on 19 Dec 2023. Manoj Kumar Upadhyaya was appointed as Director on 19 Dec 2023. E Complex has 26 board changes on record in total.
The registered office of E Complex is at 905906 9th Floor Sakar II Bhikhabhai Park, Elles Bridge Cornre Ashram Road Ahmedabad, Gujarat, India – 380006.