Grand Reality Private Limited
About Grand Reality Private Limited
Data last updated:
Grand Reality Private Limited is a private limited company based in New Delhi, Delhi, 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 11 December 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL2006PTC242451.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹67.01 Cr. It is led by directors including Rakesh Kumar Jindal (Irp/Rp/Liquidator) and Sushma Varma.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at P – 11 – 12 L.G.F. N.D.S.E Part – II, New Delhi, Delhi, India – 110049.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.78 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹65.92 Lakh (net margin -214.2%) and EBITDA of -₹65.9 Lakh (EBITDA margin -214.1%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 14% over five years.
As per MCA filings, the company has satisfied charges of ₹60 Cr on record. Court records list 37 cases involving the company, including 18 filed by the company and 22 filed against it; 6 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹69.99 Cr; the latest was in November 2011.
Company details
CIN history
Grand Reality has one previous CIN (Corporate Identification Number): U45201KA2006PTC041162. The current CIN is U45201DL2006PTC242451, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201DL2006PTC242451 | Current |
| U45201KA2006PTC041162 | Previous |
Contact details
Grand Reality Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressP – 11 – 12 L.G.F. N.D.S.E Part – II, New Delhi, Delhi, India – 110049
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Grand Reality 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 Grand Reality 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 Grand Reality Private Limited, buy the company report.
Financials of Grand Reality Private Limited
FY 2022 filings availableGrand Reality Private Limited reported revenue of ₹30.78 Lakh (up 677% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 677% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA rose 58% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹65.9 Lakh | ||||
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| Net Profit (PAT) | -₹65.92 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -214.1% | ||||
| Net Profit Margin | -214.2% | ||||
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To see the full financial statements and ratios of Grand Reality Private Limited, buy the company report.
Board of directors of Grand Reality Private Limited
Grand Reality has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Jindal Also directs: Efficax Resolution Professionals Private Limited | Irp/Rp/Liquidator | 10 May 2023 | 3 Years 5 Months | As last reported |
| Sushma Varma | Director | 18 Jul 2011 | 15 Years 3 Months | As last reported |
| Satish Chander Varma | Director | 21 Feb 2011 | 15 Years 8 Months | As last reported |
Auditor
Grand Reality Private Limited is audited by H.K. CHAUDHRY AND CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.K. CHAUDHRY AND CO. | FY 2022 | 006154N |
Shareholding
The shareholding of Grand Reality Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Grand Reality Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2008 | 10108252 | Oriental Bank of Commerce Ltd. | ₹30 Cr | Satisfied | |
| 22 Jan 2008 | 10108225 | Oriental Bank of Commerce Ltd. | ₹30 Cr | Satisfied |
To see the full charge records of Grand Reality Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Grand Reality Private Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹69.99 Cr; the latest was in November 2011.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ideb Projects Private Limited |
| Nov 2007 | Funding round | ₹33 Cr | Investors: an individual |
| Nov 2007 | Funding round | ₹36.99 Cr | Investors: Ideb Projects Private Limited |
To see the full deal history of Grand Reality 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
Grand Reality Private Limited has 37 court cases on record: 18 filed by Grand Reality, 22 filed against it. 6 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 4 | 4 |
| NCLAT | 14 | 14 | 2 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against M/S Forum Designs Private Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Satish Chander Varma (Suspended Director of M/S Grand Reality Pvt. Ltd.) | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against M/S Grand Reality Pvt. Ltd & Ors. and 1 other | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against M/S. Forum Designs Pvt. Ltd | Disposed |
| High Court of Karnataka | Revision petition | Filed against the company by M/S Ideb Projects Private Limited | Disposed |
To see the full case history of Grand Reality 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 Grand Reality Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Grand Reality Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Grand Reality Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator on 10 May 2023.
2 earlier events are in the company report.
Frequently asked questions
Grand Reality 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.
Grand Reality is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 December 2006 and is registered under CIN U45201DL2006PTC242451. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Grand Reality has 3 current directors:
- Sushma Varma - Director
- Satish Chander Varma - Director
- Rakesh Kumar Jindal - Irp/Rp/Liquidator
The latest financial statements of Grand Reality on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Grand Reality is U45201DL2006PTC242451. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grand Reality has no open charges and satisfied charges of ₹60 Cr as per latest MCA filings.
Grand Reality has 37 court cases on record: 18 filed by the company and 22 filed against it. 6 are pending. Most are in the high courts.
Grand Reality was incorporated on 11 December 2006. It is registered with the Registrar of Companies, Delhi.
Grand Reality has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹69.99 Cr; the latest was in November 2011.
Rakesh Kumar Jindal was appointed as Irp/Rp/Liquidator on 10 May 2023. Avneet Bedi ceased to be Director on 19 Dec 2011. Harkirat Singh Bedi ceased to be Director on 19 Dec 2011. Grand Reality has 7 board changes on record in total.