About Flagship Developers Private Limited
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Flagship Developers Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Vitp Private 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 16 June 2005.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U45201PN2005PTC020888. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹12 Lakh and a paid-up capital of ₹10.32 Lakh. It was led by directors Balaji Vijayaraghavan Vaniyambadi and Bhavesh Prafulchandra Madeka.
Its last annual general meeting (AGM) was held on 31 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Blue Ridge Near Cognizant Rajiv Gandhi Infotech Park – Phase 1 Hinjewadi Pune, Maharashtra, India – 411057.
As per the financials filed for FY 2017, the company reported a revenue of ₹48.13 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹36.94 Cr (net margin -76.7%) and EBITDA of ₹31.52 Cr (EBITDA margin 65.5%).
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹75 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in December 2014. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is 2Getherments Infra Private Limited with revenue of ₹48.28 Cr.
The last known website on record is blueridge.in.
Company details
Contact details
Flagship Developers Private Limited's registered office is in Pune, Maharashtra. Its website is blueridge.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBlue Ridge Near Cognizant Rajiv Gandhi Infotech Park – Phase 1 Hinjewadi Pune, Maharashtra, India – 411057
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Flagship Developers 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 Flagship Developers 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 Flagship Developers Private Limited, buy the company report.
Financials of Flagship Developers Private Limited
FY 2017 filings availableFlagship Developers Private Limited reported revenue of ₹48.13 Cr (up 198% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 198% in the latest year. EBITDA rose 201% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
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| Other Income | |||
| Total Revenue | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹31.52 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹36.94 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
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| Long-term Borrowings | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 65.5% | ||
| Net Profit Margin | -76.7% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| 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 Flagship Developers Private Limited, buy the company report.
Board of directors of Flagship Developers Private Limited
Flagship Developers has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaji Vijayaraghavan Vaniyambadi | Director | 19 Dec 2016 | 9 Years 10 Months | As last reported |
| Bhavesh Prafulchandra Madeka | Director | 19 Dec 2016 | 9 Years 10 Months | As last reported |
Peer comparison
Flagship Developers 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 |
|---|---|---|---|---|---|---|
| 2Getherments Infra Private Limited | ₹48.28 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Dharan Infra-Epc Limited | ₹48.16 Cr (FY 2024) | -60.0% | Nashik, Maharashtra, India | |||
| Flagship Developers Private Limitedthis company | ₹48.13 Cr (FY 2017) | -₹36.94 Cr | -76.7% | 198.0% | Pune, Maharashtra, India | |
| Alliance Villas Private Limited | ₹48.03 Cr (FY 2024) | -80.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Flagship Developers Private Limited, buy the company report.
Auditor
Flagship Developers Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2016 | 117366W |
Shareholding
The shareholding of Flagship Developers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Flagship Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2014 | 10497205 | Aditya Birla Finance Limited | ₹75 Cr | Satisfied |
To see the full charge records of Flagship Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Flagship Developers Private Limited has 1 deal on record (1 acquisition); the latest was in December 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2014 | Acquisition | ₹639.22 Cr | Buyer: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Flagship Developers Private Limited has 4 court cases on record: 4 filed by Flagship Developers. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company | Disposed |
| 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 Flagship Developers 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 Flagship Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flagship Developers 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 Flagship Developers Private Limited, buy the company report.
Recent activity
Flagship Developers Private Limited has 22 board changes on record since 2010: 2 appointments and 20 cessations. The latest: Balaji Vijayaraghavan Vaniyambadi ceased to be Additional Director on 31 Aug 2017.
16 earlier events are in the company report.
Frequently asked questions
Flagship Developers 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.
Flagship Developers was a private 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 16 June 2005 and is registered under CIN U45201PN2005PTC020888. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Flagship Developers was incorporated on 16 June 2005. It is registered with the Registrar of Companies, Pune.
Flagship Developers had 2 directors:
- Balaji Vijayaraghavan Vaniyambadi - Director
- Bhavesh Prafulchandra Madeka - Director
The CIN (Corporate Identification Number) of Flagship Developers is U45201PN2005PTC020888. 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 Flagship Developers is at Blue Ridge Near Cognizant Rajiv Gandhi Infotech Park – Phase 1 Hinjewadi Pune, Maharashtra, India – 411057.
Flagship Developers can be reached through the website blueridge.in. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Flagship Developers on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 31 August 2017. Year-wise statements from 2015 are in the company report.
No. Flagship Developers has 1 GST registration on record and it is cancelled or inactive.
Flagship Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
Flagship Developers has 1 deal on record (1 acquisition); the latest was in December 2014.
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