About Gigeo Construction Company Private Limited
Data last updated:
Gigeo Construction Company Private Limited is a private limited company based in Nagpur, 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 20 June 1990.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH1990PTC056929. Its GSTIN is 27AAACG5861E1ZP (Maharashtra).
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.2 Cr. It is led by directors including Pankaj Purushottam Bhattad (Irp/Rp/Liquidator) and Chhaganlal Kunwarjibhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 5/1 Amar Palace West Central Road Opp. Yashwant Stadium Dhantoli, Nagpur, Maharashtra, India – 440012.
As per the financials filed for FY 2017, the company reported a revenue of ₹10.74 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹28.4 Lakh (net margin 2.6%) and EBITDA of ₹7 Cr (EBITDA margin 65.2%).
As per MCA filings, the company has open charges of ₹80.2 Cr and satisfied charges of ₹15 Cr on record. Court records list 34 cases involving the company, including 4 filed by the company and 30 filed against it; 19 cases are pending.
The last known website on record is gigeobuilder.com.
Company details
Contact details
Gigeo Construction Company Private Limited's registered office is in Nagpur, Maharashtra. Its website is gigeobuilder.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5/1 Amar Palace West Central Road Opp. Yashwant Stadium Dhantoli, Nagpur, Maharashtra, India – 440012
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Gigeo Construction Company 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 Gigeo Construction Company is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Gigeo Construction Company Private Limited, buy the company report.
Financials of Gigeo Construction Company Private Limited
FY 2017 filings availableGigeo Construction Company Private Limited reported revenue of ₹10.74 Cr (up 224% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 224% in the latest year. EBITDA rose 33% 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 | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹10.74 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹28.4 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 65.2% | ||
| Net Profit Margin | 2.6% | ||
| 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 Gigeo Construction Company Private Limited, buy the company report.
Board of directors of Gigeo Construction Company Private Limited
Gigeo Construction Company has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Purushottam Bhattad Also directs: Finvin Turnaround and Restructuring Private Limited | Irp/Rp/Liquidator | 20 Aug 2024 | 2 Years 2 Months | As last reported |
| Chhaganlal Kunwarjibhai Patel | Director | 20 Jun 1990 | 36 Years 4 Months | As last reported |
| Durga Chhaganlal Patel | Director | 16 Nov 1998 | 27 Years 11 Months | As last reported |
Auditor
Gigeo Construction Company Private Limited is audited by PARYANI AND MOTWANI for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARYANI AND MOTWANI | FY 2017 | 126923W |
Shareholding
The shareholding of Gigeo Construction Company 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 Gigeo Construction Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2017 | 100131368 | Others | ₹50 Cr | Open | |
| 12 May 2015 | 10572389 | Nagpur Nagarik Sahakari Bank Limited | ₹8.25 Lakh | Open | |
| 30 Dec 2014 | 10544529 | Dewan Housing Finance Corporation Limited | ₹30 Cr | Open | |
| 17 Sep 2005 | 90351774 | Andhra Bank | ₹12 Lakh | Open | |
| 28 Feb 2005 | 80025582 | Andhra Bank | ₹15 Cr | Satisfied |
To see the full charge records of Gigeo Construction Company Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Gigeo Construction Company Private Limited has 34 court cases on record: 4 filed by Gigeo Construction Company, 30 filed against it. 19 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 14 | 7 |
| NCLAT | 13 | 13 | 12 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bsel Algo Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by MKS Constro Venture Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by MKS Constro Venture Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Subhash Ganpatrao Buty HUF Through Its Karta Subhash Ganpatrao Buty | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Subhash Ganpatrao Buty HUF Through Its Karta | Pending |
To see the full case history of Gigeo Construction Company 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 Gigeo Construction Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gigeo Construction Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG5861E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gigeo Construction Company Private Limited, buy the company report.
Recent activity
Gigeo Construction Company Private Limited has 4 board changes on record since 1990: 3 appointments and 1 cessation. The latest: Pankaj Purushottam Bhattad was appointed as Irp/Rp/Liquidator on 20 Aug 2024.
2 earlier events are in the company report.
Frequently asked questions
Gigeo Construction Company 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.
Gigeo Construction Company is a company under insolvency, formerly operating as a private limited company based in Nagpur, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 20 June 1990 and is registered under CIN U70101MH1990PTC056929. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gigeo Construction Company has 3 current directors:
- Chhaganlal Kunwarjibhai Patel - Director
- Durga Chhaganlal Patel - Director
- Pankaj Purushottam Bhattad - Irp/Rp/Liquidator
The latest financial statements of Gigeo Construction Company on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gigeo Construction Company is U70101MH1990PTC056929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gigeo Construction Company has open charges of ₹80.2 Cr and satisfied charges of ₹15 Cr as per latest MCA filings.
Gigeo Construction Company has 34 court cases on record: 4 filed by the company and 30 filed against it. 19 are pending. Most are in the district courts.
Gigeo Construction Company was incorporated on 20 June 1990. It is registered with the Registrar of Companies, Mumbai.
Pankaj Purushottam Bhattad was appointed as Irp/Rp/Liquidator on 20 Aug 2024. Ritesh Raghunath Mahajan ceased to be Irp/Rp/Liquidator on 20 Aug 2024. Durga Chhaganlal Patel was appointed as Director on 16 Nov 1998. Gigeo Construction Company has 4 board changes on record in total.
Gigeo Construction Company can be reached through the website gigeobuilder.com. Its registered office is in Nagpur, Maharashtra, India.
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