About Fairwealth Housing Private Limited
Data last updated:
Fairwealth Housing Private Limited is a private limited company based in Gurgaon, Haryana, 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 November 2009.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70200HR2009PTC039709. Its GSTIN is 08AADCN1232D2ZZ (Rajasthan). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25.5 Cr and a paid-up capital of ₹14.35 Cr. It was formerly known as Nipun Dealers Private Limited and Fairwealth Agencies Private Limited. It is led by directors Naresh Kumar and Surajmal.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 651 – 652 Udyog Vihar Phase – V Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2021, the company reported a revenue of ₹27.64 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Lakh (net margin 7%) and EBITDA of ₹1.39 Lakh (EBITDA margin 5%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years and 246% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹32.13 Cr and satisfied charges of ₹42.55 Cr on record. Court records list 28 cases involving the company, including 14 filed by the company and 14 filed against it; 8 cases are pending.
The last known website on record is fairwealthhousing.com.
Company details
Name history
Fairwealth Housing has undergone 2 name changes throughout its history. The company was previously known as Nipun Dealers Private Limited, and Fairwealth Agencies Private Limited. The current legal name is Fairwealth Housing Private Limited.
| Company Name | Status |
|---|---|
| Fairwealth Housing Private Limited | Current |
| Nipun Dealers Private Limited | Previous |
| Fairwealth Agencies Private Limited | Previous |
CIN history
Fairwealth Housing has one previous CIN (Corporate Identification Number): U52599HR2009PTC039709. The current CIN is U70200HR2009PTC039709, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200HR2009PTC039709 | Current |
| U52599HR2009PTC039709 | Previous |
Contact details
Fairwealth Housing Private Limited's registered office is in Gurgaon, Haryana. Its website is fairwealthhousing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address651 – 652 Udyog Vihar Phase – V Gurgaon, Haryana, India – 122001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Fairwealth Housing 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 Fairwealth Housing is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Fairwealth Housing Private Limited, buy the company report.
Financials of Fairwealth Housing Private Limited
FY 2021 filings availableFairwealth Housing Private Limited reported revenue of ₹27.64 Lakh (down 94% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 94% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 246%. EBITDA fell 100% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.64 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.94 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5% | ||||
| Net Profit Margin | 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 | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Fairwealth Housing Private Limited, buy the company report.
Board of directors of Fairwealth Housing Private Limited
Fairwealth Housing has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surajmal | Additional Director | 22 Dec 2020 | 5 Years 10 Months | As last reported |
| Naresh Kumar Also directs: Jai Bhagwan Fats Private Limited | Director | 28 Sep 2019 | 7 Years 1 Months | As last reported |
Auditor
Fairwealth Housing Private Limited is audited by SUBODH SHARMA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUBODH SHARMA & CO | FY 2021 | 016293C |
Shareholding
The shareholding of Fairwealth Housing Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fairwealth Housing Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2018 | 100191480 | Others | ₹1 Cr | Open | |
| 30 Apr 2018 | 100191477 | Others | ₹31 Cr | Open | |
| 09 Mar 2016 | 100024106 | Others | ₹12.5 Lakh | Open | |
| 13 Jul 2016 | 100042698 | Others | ₹40 Cr | Satisfied | |
| 01 Nov 2014 | 10538559 | Globe Fincap Limited. | ₹2.55 Cr | Satisfied |
To see the full charge records of Fairwealth Housing Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Fairwealth Housing Private Limited has 28 court cases on record: 14 filed by Fairwealth Housing, 14 filed against it. 8 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 13 | 6 |
| High courts | 2 | 1 | 2 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Execution petition | Filed against the company by M/S. Infrastructure Advisors Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by M/S Infrastructure Advisors Pvt Ltd | Disposed |
| District court, KHAIRTAL TIJARA, Rajasthan | Civil miscellaneous application | Filed by the company against N.R.I. Buildtech (India) Pvt. Ltd. | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by RC Modellers Pvtltd | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed by the company against Ms Realtech Developments and Infrastructure India Pvt Ltd | Disposed |
To see the full case history of Fairwealth Housing 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.
Credit ratings & regulatory alerts
Fairwealth Housing Private Limited was last rated by Indiarating on 31 May 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 31 May 2018 |
To see the full credit ratings and regulatory alerts of Fairwealth Housing Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fairwealth Housing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fairwealth Housing Private Limited has a workforce of 3 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Fairwealth Housing has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AADCN1232D2ZZ | Rajasthan | Active | 08 Aug 2017 |
To see the full GST registrations and return filing status of Fairwealth Housing Private Limited, buy the company report.
Recent activity
Fairwealth Housing Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Digvijay Kataria ceased to be Director on 22 Dec 2020.
8 earlier events are in the company report.
Frequently asked questions
Fairwealth Housing 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.
Fairwealth Housing is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 November 2009 and is registered under CIN U70200HR2009PTC039709. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Fairwealth Housing has 2 current directors:
- Surajmal - Additional Director
- Naresh Kumar - Director
The latest financial statements of Fairwealth Housing on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Fairwealth Housing is U70200HR2009PTC039709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fairwealth Housing has open charges of ₹32.13 Cr and satisfied charges of ₹42.55 Cr as per latest MCA filings.
Fairwealth Housing has 28 court cases on record: 14 filed by the company and 14 filed against it. 8 are pending. Most are in the district courts.
Fairwealth Housing was incorporated on 17 November 2009. It is registered with the Registrar of Companies, Delhi.
Digvijay Kataria ceased to be Director on 22 Dec 2020. Surajmal was appointed as Additional Director on 22 Dec 2020. Dhirender Gaba ceased to be Director on 28 Sep 2019. Fairwealth Housing has 10 board changes on record in total.
Fairwealth Housing can be reached through the website fairwealthhousing.com. Its registered office is in Gurgaon, Haryana, India.
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