About Goel Ganga Developers (India) Private Limited
Data last updated:
Goel Ganga Developers (India) Private Limited was a private limited company based in Pune, Maharashtra, India. 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 28 January 2009.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2009PTC133430. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25.25 Cr and a paid-up capital of ₹72.44 Lakh. It was led by directors including Amit Jaiprakash Goel (Whole-Time Director) and Atul Jaiprakash Goel.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at San Mahu Complex 5 Bund Garden Opp. Poona Club, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2016, the company reported a revenue of ₹133.85 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹65.19 Cr (net margin 48.7%) and EBITDA of ₹77.93 Cr (EBITDA margin 58.2%).
The company had about 512 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 12 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹1,189.2 Cr on record. Court records list 53 cases involving the company, including 27 filed by the company and 26 filed against it; 17 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹57.54 Cr; the latest was in March 2016.
The last known website on record is goelganga.com.
Company details
Contact details
Goel Ganga Developers (India) Private Limited's registered office is in Pune, Maharashtra. Its website is goelganga.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSan Mahu Complex 5 Bund Garden Opp. Poona Club, Pune, Maharashtra, India – 411001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Goel Ganga Developers (India) 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 Goel Ganga Developers (India) Private Limited
FY 2016 filings availableGoel Ganga Developers (India) Private Limited reported revenue of ₹133.85 Cr (up 36% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 36% in the latest year. EBITDA rose 498% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹133.85 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹77.93 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹65.19 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 58.2% | |
| Net Profit Margin | 48.7% | |
| 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 Goel Ganga Developers (India) Private Limited, buy the company report.
Board of directors of Goel Ganga Developers (India) Private Limited
Goel Ganga Developers (India) has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Jaiprakash Goel Also directs: Goel Ganga Housing LLP, Goel Ganga City Developers LLP, Goel Ganga Associates LLP and 5 more | Whole-Time Director | 28 Jan 2009 | 17 Years 9 Months | As last reported |
| Atul Jaiprakash Goel Also directs: Goel Ganga Housing LLP, Goel Ganga City Developers LLP, Goel Ganga Associates LLP and 5 more | Director | 28 Jan 2009 | 17 Years 9 Months | As last reported |
| Jaiprakash Sitaram Goel Also directs: Goel Ganga Housing LLP, Goel Ganga City Developers LLP, Goel Ganga Associates LLP and 5 more | Director | 06 Oct 2009 | 17 Years 0 Months | As last reported |
Auditor
Goel Ganga Developers (India) Private Limited is audited by SHIVSAGAR T. GOYAL & CO. for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIVSAGAR T. GOYAL & CO. | FY 2016 | 126042W |
Shareholding
The shareholding of Goel Ganga Developers (India) Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Goel Ganga Developers (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2016 | 100069115 | Others | ₹60 Cr | Satisfied | |
| 19 Jan 2016 | 10615734 | Others | ₹200 Cr | Satisfied | |
| 29 Dec 2015 | 10615733 | Jm Financial Credit Solutions Limited | ₹140 Cr | Satisfied | |
| 14 May 2015 | 10573198 | Pnb Housing Finance Limited | ₹95 Cr | Satisfied | |
| 18 Mar 2015 | 10561525 | Reliance Home Finance Limited | ₹15 Cr | Satisfied |
To see the full charge records of Goel Ganga Developers (India) Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Goel Ganga Developers (India) Private Limited has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹57.54 Cr; the latest was in March 2016.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹37.36 Cr | Investors: an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Goel Ganga Builders Private Limited , Goel Ganga Promoters Private Limited , 2 individuals |
| Feb 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Bandal Developers Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Atul Realtors Private Limited |
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Goel Ganga Gruhnirman Private Limited |
To see the full deal history of Goel Ganga Developers (India) 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
Goel Ganga Developers (India) Private Limited has 53 court cases on record: 27 filed by Goel Ganga Developers (India), 26 filed against it. 17 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 14 | 5 |
| District courts | 20 | 9 | 11 |
| Supreme Court | 6 | 3 | 1 |
Cases on record (5 of 53)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against 9 Nancy Builders and Developers Private Limited Through Its Authorized Representative Mr. Bimal Gobindram Khimtani, O/At: Ground Floor, Kala Palace Block A-25, Room No. 145, Madhuban Hotel Road, Ulhasnagar Maharashtra &Ndash; 421001 , , Maharashtra and 21 others | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against 4. Broadcast Initiatives Limited and 2 others | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Nancy Builders and Developers Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Nancy Builders and Developers Pvt. Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Nancy Builders and Developers Pvt. Ltd. and Anr. | Disposed |
To see the full case history of Goel Ganga Developers (India) 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.
Credit ratings & regulatory alerts
Goel Ganga Developers (India) Private Limited was last rated by Brickwork on 16 Aug 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 16 Aug 2017 |
To see the full credit ratings and regulatory alerts of Goel Ganga Developers (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Goel Ganga Developers (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Goel Ganga Developers (India) has 12 subsidiary companies and 2 associated companies. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Goel Ganga Land Holdings Private Limited | U45200PN2005PTC021307 | |
| Goel Ganga Land Holdings Private Limited | U45200PN2005PTC021307 | |
| Goel Ganga Realty Private Limited | U45201PN2003PTC018715 | |
| Goel Ganga Realty Private Limited | U45201PN2003PTC018715 | |
| Atul Realtors Private Limited | U45201PN2003PTC018716 | |
| Atul Realtors Private Limited | U45201PN2003PTC018716 |
To see the full group structure of Goel Ganga Developers (India) Private Limited, buy the company report.
Employees & EPFO
Goel Ganga Developers (India) Private Limited has a workforce of 512 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Goel Ganga Developers (India) 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 Goel Ganga Developers (India) Private Limited, buy the company report.
Recent activity
Goel Ganga Developers (India) Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Amit Jaiprakash Goel ceased to be Director on 29 Jun 2015.
33 earlier events are in the company report.
News
Frequently asked questions
Goel Ganga Developers (India) 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.
Goel Ganga Developers (India) 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 28 January 2009 and is registered under CIN U45200PN2009PTC133430. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Goel Ganga Developers (India) was incorporated on 28 January 2009. It is registered with the Registrar of Companies, Pune.
Goel Ganga Developers (India) had 3 directors:
- Amit Jaiprakash Goel - Whole-Time Director
- Atul Jaiprakash Goel - Director
- Jaiprakash Sitaram Goel - Director
The CIN (Corporate Identification Number) of Goel Ganga Developers (India) is U45200PN2009PTC133430. 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 Goel Ganga Developers (India) is at San Mahu Complex 5 Bund Garden Opp. Poona Club, Pune, Maharashtra, India – 411001.
Goel Ganga Developers (India) can be reached through the website goelganga.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Goel Ganga Developers (India) on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Goel Ganga Developers (India) has 1 GST registration on record and it is cancelled or inactive.
Goel Ganga Developers (India) operated in the real estate and construction industry, in the real estate builders and developers segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
