About Ganga Foundations Private Limited
Data last updated:
Ganga Foundations Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 October 2004.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN2004PTC054417. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹17 Cr. It is led by directors including Senthilkumar (Managing Director) and Chittibabu (Managing Director).
Its last annual general meeting (AGM) was held on 28 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No.33 Paper Mills Road Hemavathy Complex II Floor Perambur, Chennai, Tamil Nadu, India – 600011.
As per the financials filed for FY 2018, the company reported a revenue of ₹12.53 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹15.24 Cr (net margin -121.6%) and EBITDA of -₹8.14 Cr (EBITDA margin -65%).
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹59.7 Cr and satisfied charges of ₹105.69 Cr on record. Court records list 21 cases involving the company, including 11 filed by the company and 10 filed against it.
The last known website on record is gfpl.in.
Company details
Contact details
Ganga Foundations Private Limited's registered office is in Chennai, Tamil Nadu. Its website is gfpl.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressNo.33 Paper Mills Road Hemavathy Complex II Floor Perambur, Chennai, Tamil Nadu, India – 600011
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ganga Foundations 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 Ganga Foundations is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Ganga Foundations Private Limited, buy the company report.
Financials of Ganga Foundations Private Limited
FY 2018 filings availableGanga Foundations Private Limited reported revenue of ₹12.53 Cr (up 13% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year. EBITDA fell 210% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹12.53 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹8.14 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹15.24 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -65% | |||
| Net Profit Margin | -121.6% | |||
| 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 Ganga Foundations Private Limited, buy the company report.
Board of directors of Ganga Foundations Private Limited
Ganga Foundations has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Senthilkumar Also directs: Ganga Wind Farm Private Limited | Managing Director | 08 Oct 2004 | 22 Years 0 Months | As last reported |
| Suresh Kumar Mahalingam Also directs: SPP Insolvency Professionals LLP | Irp/Rp/Liquidator | 19 Apr 2023 | 3 Years 6 Months | As last reported |
| Chittibabu Also directs: Ganga Wind Farm Private Limited | Managing Director | 08 Oct 2004 | 22 Years 0 Months | As last reported |
Auditor
Ganga Foundations Private Limited is audited by PADMANABHAN RAMANI & RAMANUJAM for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PADMANABHAN RAMANI & RAMANUJAM | FY 2018 | 002510S |
Shareholding
The shareholding of Ganga Foundations Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ganga Foundations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2016 | 100046452 | Others | ₹7 Cr | Open | |
| 31 Dec 2015 | 10616249 | Repatriates Co-Operative Finance and Development Bank Limited | ₹3.4 Cr | Open | |
| 26 Jul 2014 | 10520815 | State Bank of India | ₹49.3 Cr | Open | |
| 09 May 2014 | 10504137 | Dewan Housing Finance Corporation Limited | ₹8 Cr | Satisfied | |
| 12 Oct 2012 | 10390418 | Dewan Housing Finance Corporation Limited | ₹15 Cr | Satisfied |
To see the full charge records of Ganga Foundations Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Ganga Foundations Private Limited has 21 court cases on record: 11 filed by Ganga Foundations, 10 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 4 | 0 |
| District courts | 5 | 5 | 0 |
| NCLT | 3 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by individuals | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by State Bank of India | Disposed |
| Supreme Court | Court case (2808-Mercantile Laws, Commercial Transactions Including Banking : Others) | Filed by the company against The State Bank of India Rep. by Its Assistant General Manager SME Chennai Branch, No. 39, 6Th Floor, Prasanth Gold Towers, T. Ngar , District: Chennai ,Chennai , Tamil Nadu and 1 other | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Ganga Foundations 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 Ganga Foundations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ganga Foundations Private Limited has a workforce of 9 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Ganga Foundations 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 Ganga Foundations Private Limited, buy the company report.
Recent activity
Ganga Foundations Private Limited has 3 board changes on record since 2004: 3 appointments. The latest: Suresh Kumar Mahalingam was appointed as Irp/Rp/Liquidator on 19 Apr 2023.
24 earlier events are in the company report.
Frequently asked questions
Ganga Foundations is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ganga Foundations is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 October 2004 and is registered under CIN U45201TN2004PTC054417. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ganga Foundations has 3 current directors:
- Senthilkumar - Managing Director
- Chittibabu - Managing Director
- Suresh Kumar Mahalingam - Irp/Rp/Liquidator
The latest financial statements of Ganga Foundations on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 August 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ganga Foundations is U45201TN2004PTC054417. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ganga Foundations has open charges of ₹59.7 Cr and satisfied charges of ₹105.69 Cr as per latest MCA filings.
Ganga Foundations has 21 court cases on record: 11 filed by the company and 10 filed against it. Most are in the high courts.
Ganga Foundations was incorporated on 08 October 2004. It is registered with the Registrar of Companies, Chennai.
Suresh Kumar Mahalingam was appointed as Irp/Rp/Liquidator on 19 Apr 2023. Chittibabu was appointed as Managing Director on 08 Oct 2004. Senthilkumar was appointed as Managing Director on 08 Oct 2004.
Ganga Foundations can be reached through the website gfpl.in. Its registered office is in Chennai, Tamil Nadu, India.