About Gaurang Properties Private Limited
Data last updated:
Gaurang Properties Private Limited is a private limited company based in Thane, Maharashtra, 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 08 October 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2009PTC196349. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹8.26 Cr. It is led by directors Sayali Deepak Sane and Kamisha Danbahadur Singh.
Its last annual general meeting (AGM) was held on 23 March 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at A/001 Gr. Floor Anmol Chs Brahmin Society Sahakar Colony Naupada, Thane, Maharashtra, India – 400602.
As per the financials filed for FY 2019, the company reported a revenue of ₹94,975, a decline of 96% compared to the previous year. For the same year it recorded a net profit of ₹2.8 Lakh (net margin 295.3%) and EBITDA of ₹5.1 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 72% over three years.
As per MCA filings, the company has open charges of ₹65 Cr and satisfied charges of ₹17.05 Cr on record. Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 10 cases are pending. The company has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.17 Cr; the latest was in December 2017. 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 Red Carpet Properties Private Limited with revenue of ₹95,000.
The last known website on record is gaurangproperties.com.
Company details
Contact details
Gaurang Properties Private Limited's registered office is in Thane, Maharashtra. Its website is gaurangproperties.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA/001 Gr. Floor Anmol Chs Brahmin Society Sahakar Colony Naupada, Thane, Maharashtra, India – 400602
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Gaurang Properties 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
Financials of Gaurang Properties Private Limited
FY 2019 filings availableGaurang Properties Private Limited reported revenue of ₹94,975 (down 96% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over three years, including a 96% fall in the latest year. EBITDA fell 89% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹94,975 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.8 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | 295.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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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 Gaurang Properties Private Limited, buy the company report.
Board of directors of Gaurang Properties Private Limited
Gaurang Properties has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamisha Danbahadur Singh Also directs: Joshi Buildcon LLP, Shubha Realspace LLP | Additional Director | 18 May 2019 | 7 Years 5 Months | As last reported |
| Sayali Deepak Sane | Director | 08 Oct 2009 | 17 Years 0 Months | As last reported |
Peer comparison
Gaurang Properties 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 |
|---|---|---|---|---|---|---|
| Red Carpet Properties Private Limited | ₹95,000 (FY 2019) | -96.0% | Bangalore, Karnataka, India | |||
| Will Abodes Private Limited | ₹95,000 (FY 2025) | Hyderabad, Telangana, India | ||||
| Gaurang Properties Private Limitedthis company | ₹94,975 (FY 2019) | ₹2.8 Lakh | 295.3% | -96.0% | Thane, Maharashtra, India | |
| Rounak Buildtech Private Limited | ₹94,703 (FY 2025) | 2.0% | Subzi Mandi, Delhi-7, Delhi, India |
To see the full peer comparison of Gaurang Properties Private Limited, buy the company report.
Auditor
Gaurang Properties Private Limited is audited by J H GHUMARA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J H GHUMARA & CO | FY 2019 | 103185W |
Shareholding
The shareholding of Gaurang Properties Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | 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 Gaurang Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2017 | 100138400 | Others | ₹65 Cr | Open | |
| 19 Sep 2015 | 10595445 | The Cosmos Co-Op Bank Ltd | ₹17.05 Cr | Satisfied |
To see the full charge records of Gaurang Properties Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Gaurang Properties Private Limited has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.17 Cr; the latest was in December 2017.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Funding round | ₹2.4 Cr | Investors: Girish Gulati HUF, 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Funding round | ₹14.1 Lakh | Investors: Chandrashekar D Bhide HUF, Vishal Shantilal Gada HUF, 2 individuals |
| Jan 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2012 | Funding round | ₹18 Lakh | Investors: 4 individuals |
To see the full deal history of Gaurang Properties 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
Gaurang Properties Private Limited has 17 court cases on record: 5 filed by Gaurang Properties, 12 filed against it. 10 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 11 | 9 |
| High courts | 2 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Piramal Capital & Housing Financelimited | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (ARA) | Filed by the company against Bombay Thane Co-Operative Housing Society Ltd. | Pending |
To see the full case history of Gaurang Properties 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 Gaurang Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gaurang Properties Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Gaurang Properties 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 Gaurang Properties Private Limited, buy the company report.
Recent activity
Gaurang Properties Private Limited has 8 board changes on record since 2009: 2 appointments and 6 cessations. The latest: Deepak Sane Madhusudan ceased to be Director on 12 Jul 2023.
3 earlier events are in the company report.
Frequently asked questions
Gaurang Properties 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.
Gaurang Properties is a company under insolvency, formerly operating as a private limited company based in Thane, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 October 2009 and is registered under CIN U70102MH2009PTC196349. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gaurang Properties has 2 current directors:
- Kamisha Danbahadur Singh - Additional Director
- Sayali Deepak Sane - Director
The latest financial statements of Gaurang Properties on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 23 March 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gaurang Properties is U70102MH2009PTC196349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gaurang Properties has open charges of ₹65 Cr and satisfied charges of ₹17.05 Cr as per latest MCA filings.
Gaurang Properties has 17 court cases on record: 5 filed by the company and 12 filed against it. 10 are pending. Most are in the district courts.
Gaurang Properties was incorporated on 08 October 2009. It is registered with the Registrar of Companies, Mumbai.
Gaurang Properties has 8 deals on record (6 funding rounds, 2 secondary share transfers), with disclosed funding of ₹20.17 Cr; the latest was in December 2017.
The peers of Gaurang Properties by revenue are Red Carpet Properties Private Limited, Will Abodes Private Limited, Rounak Buildtech Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Deepak Sane Madhusudan ceased to be Director on 12 Jul 2023. Manoj Nanakchandra Verma ceased to be Additional Director on 29 Sep 2022. Shailesh Mohan Chavan ceased to be Additional Director on 29 Sep 2022. Gaurang Properties has 8 board changes on record in total.