Flagship Infrastructure Limited

Flagship Infrastructure Limited - real estate and construction in Mumbai, Maharashtra, India. Directors, charges & compliance details.
CIN U45200MH2005PLC157377 Incorporated 18 November 2005 ROC Mumbai HQ Mumbai, Maharashtra, India
Merged Public Limited Company real estate and construction
Data last updated
Revenue · FY 2019
₹301.52 Cr
▼ 42% YoY
Net profit · FY 2019
₹72.64 Cr
Net margin 24.1%
EBITDA · FY 2019
₹134.7 Cr
EBITDA margin 44.7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.33 Cr
Issued & subscribed
Satisfied charges
₹1,218 Cr
No open charges
Company age
21 yrs
Est. 2005
Employees · EPFO
379
Provident fund records

About Flagship Infrastructure Limited

Data last updated:

Flagship Infrastructure Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Paranjape Schemes (Construction) 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 18 November 2005.

The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2005PLC157377. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.33 Cr. It was led by directors including Meghali Ravindra Katdare and Sanjay Pandurang Joshi.

Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 101 Somnath Cts No. 988 Ram Mandir Road Near Tilak Mandir Vile Parle (East), Mumbai, Maharashtra, India – 400057.

As per the financials filed for FY 2019, the company reported a revenue of ₹301.52 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹72.64 Cr (net margin 24.1%) and EBITDA of ₹134.7 Cr (EBITDA margin 44.7%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years.

The company had about 379 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary and 1 joint venture.

As per MCA filings, the company had satisfied charges of ₹1,218 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.

The last known website on record is pscl.in.

Company Details of Flagship Infrastructure Limited
CIN U45200MH2005PLC157377
Registration Number 157377
Incorporation Date 18 November 2005
ROC Mumbai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Parent Company Paranjape Schemes (Construction) Limited
Compliance Status Active Compliant
Key People
Meghali Ravindra Katdare Director Sanjay Pandurang Joshi Director Dhananjay Madhukar Divekar Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    pscl.in
  • Social Media
  • Registered Address
    101 Somnath Cts No. 988 Ram Mandir Road Near Tilak Mandir Vile Parle (East), Mumbai, Maharashtra, India – 400057
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
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Financials, compliance, directors, charges, ownership and filings for Flagship Infrastructure Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Flagship Infrastructure Limited

The main business activity of Flagship Infrastructure is construction. In detail, this covers buildings.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
FConstructionF1BuildingsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Flagship Infrastructure Limited FY 2019 filings available

Flagship Infrastructure Limited reported revenue of ₹301.52 Cr (down 42% YoY) for FY 2019.

Revenue · FY 2019
₹301.52 Cr ▼ 42%
Net profit · FY 2019
₹72.64 Cr margin 24.1%
EBITDA · FY 2019
₹134.7 Cr margin 44.7%

Compounded Annual Growth Rate (CAGR) of Flagship Infrastructure Limited

Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 47%
3 years · compounded
▲ 20%

Revenue has declined at a compounded annual rate (CAGR) of 3% over three years, including a 42% fall in the latest year. EBITDA fell 47% 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 of Flagship Infrastructure Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹301.52 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹134.7 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹72.64 Cr••••••••••••••••
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 of Flagship Infrastructure Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin44.7%••••••••••••••••
Net Profit Margin24.1%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Flagship Infrastructure are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Peer Comparison of Flagship Infrastructure Limited

Flagship Infrastructure Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Indian City Properties Ltd₹303.09 Cr (FY 2023)••••••••698.0%••••Kolkata, West Bengal, India
Mahaluxmi Buildtech Limited₹302.45 Cr (FY 2024)••••••••225.0%••••New Delhi, Delhi, India
Nimbus Projects Limited Listed₹302.26 Cr (FY 2025)••••••••147.0%••••New Delhi, Delhi, India
Technoculture Building Centre Private Limited₹302.25 Cr (FY 2025)••••••••-27.0%••••Patna, Bihar, India
Asset Homes Private Limited₹301.7 Cr (FY 2025)••••••••15.0%••••Kochi, Kerala, India
Flagship Infrastructure Limited this company₹301.52 Cr (FY 2019)••••••••-42.0%••••Mumbai, Maharashtra, India
Agi Infra Limited Listed₹301.39 Cr (FY 2024)••••••••22.0%••••Jalandhar, Punjab, India
NBCC Services Limited₹301.37 Cr (FY 2025)••••••••8.0%••••Delhi, India
Angad Estates Private Limited₹301.17 Cr (FY 2025)••••••••2888.0%••••New Delhi, Delhi, India
Pacifica (India) Projects Private Limited₹299.79 Cr (FY 2025)••••••••42.0%••••Ahmedabad, Gujarat, India
Hiranandani Realtors Private Limited₹298.84 Cr (FY 2025)••••••••-45.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Flagship Infrastructure by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Flagship Infrastructure Limited

Flagship Infrastructure Limited is audited by GOSAVI YARDI & CO for the financial year 2019.

NameStatusAppointment DateCessation Date
GOSAVI YARDI & COLockedLockedLocked
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Board of Directors of Flagship Infrastructure Limited

Flagship Infrastructure has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Meghali Ravindra KatdareDirector29 May 20179 Years 4 MonthsAs last reported
Sanjay Pandurang Joshi
Also directs: Advent Projects & Consultancy Services Private Limited
Director03 May 20188 Years 5 MonthsAs last reported
Dhananjay Madhukar DivekarDirector15 Apr 20197 Years 6 MonthsAs last reported
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Ownership and Shareholding of Flagship Infrastructure Limited

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Charges & Borrowings of Flagship Infrastructure Limited

Open charges
None
Satisfied charges
₹1,218 Cr
Breakdown by lending institutions
Housing Development Finance Corporation Limited₹475.00 Cr
Idbi Trusteeship Services Limited₹450.00 Cr
Aditya Birla Finance Limited₹150.00 Cr
Union Bank of India₹100.00 Cr
Others₹43.00 Cr
Latest charge details
DateLenderAmountStatus
20 Jul 2017Others₹43 CrSatisfied
29 Oct 2015Idbi Trusteeship Services Limited₹100 CrSatisfied
26 Oct 2015Idbi Trusteeship Services Limited₹350 CrSatisfied
20 Feb 2015Aditya Birla Finance Limited₹75 CrSatisfied
28 Mar 2014Aditya Birla Finance Limited₹75 CrSatisfied

Total charge records: 10 View all charges

Employees and EPFO Compliance at Flagship Infrastructure Limited

Flagship Infrastructure Limited has a workforce of 379 employees as of Mar 28, 2024.

Employee count
379
Active EPFO establishments
1
Employee growth
-14.83%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Flagship Infrastructure Limited

Flagship Infrastructure has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.

1
Subsidiary companies
1
Joint ventures
Key Subsidiaries
Company NameCINShares Held
Blueridge Golfclub Private LimitedU92412PN2012PTC143925Locked

Showing major subsidiaries. Total: 1.

CIN History of Flagship Infrastructure Limited

Flagship Infrastructure has one previous CIN (Corporate Identification Number): U45200MH2005PTC157377. The current CIN is U45200MH2005PLC157377, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U45200MH2005PLC157377Current
U45200MH2005PTC157377Previous

Recent Activity on Flagship Infrastructure Limited

Flagship Infrastructure Limited has 23 board changes on record since 2005: 3 appointments and 20 cessations. The latest: Dhananjay Madhukar Divekar ceased to be Additional Director on 30 Sep 2019.

AGM
Flagship Infrastructure Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Ceased
Dhananjay Madhukar Divekar ceased to be Additional Director.
Ceased
Shrikant Trimbak Gadre ceased to be Director.
Appointed
Dhananjay Madhukar Divekar was appointed as Director.
Filing
Flagship Infrastructure Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.
Charges
A charge registered on 26 Oct 2015 via Charge ID 100220375 with Idbi Trusteeship Services Limited was fully satisfied on 07 Mar 2019.
Ceased
Sanjay Pandurang Joshi ceased to be Additional Director.
Ceased
Arun Vinayak Phansalkar ceased to be Director.
Appointed
Sanjay Pandurang Joshi was appointed as Director.
Charges
A charge registered on 14 Feb 2011 via Charge ID 10273442 with Housing Development Finance Corporation Limited was fully satisfied on 16 Mar 2018.
Charges
A charge registered on 29 Oct 2015 via Charge ID 10608816 with Idbi Trusteeship Services Limited was fully satisfied on 07 Mar 2018.
Ceased
Meghali Ravindra Katdare ceased to be Additional Director.

38 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Flagship Infrastructure Limited

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MSME Payment Delays by Flagship Infrastructure Limited

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Subsidiaries & Group Companies of Flagship Infrastructure Limited

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GST Compliance of Flagship Infrastructure Limited

Flagship Infrastructure has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Flagship Infrastructure Limited

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Related news about Flagship Infrastructure Limited

Frequently Asked Questions about Flagship Infrastructure Limited

Flagship Infrastructure 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 Infrastructure was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 November 2005 and is registered under CIN U45200MH2005PLC157377. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Flagship Infrastructure was incorporated on 18 November 2005. It is registered with the Registrar of Companies, Mumbai.

Flagship Infrastructure had 3 directors:

The CIN (Corporate Identification Number) of Flagship Infrastructure is U45200MH2005PLC157377. 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 Infrastructure is at 101 Somnath Cts No. 988 Ram Mandir Road Near Tilak Mandir Vile Parle East, Mumbai, Maharashtra, India – 400057.

Flagship Infrastructure can be reached through the website pscl.in. Its registered office is in Mumbai, Maharashtra, India.

Flagship Infrastructure reported revenue of ₹301.52 Cr for FY 2019 (down 42% YoY).

Flagship Infrastructure has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.33 Cr.

Flagship Infrastructure reported a net profit of ₹72.64 Cr (net margin 24.1%) and EBITDA of ₹134.7 Cr (EBITDA margin 44.7%) for FY 2019, as per its filed financial statements.

No. Flagship Infrastructure has 1 GST registration on record and it is cancelled or inactive.

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