About GRJ Distributors & Developers Private Limited
Data last updated:
GRJ Distributors & Developers Private Limited is a private limited company based in 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 23 November 1998.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51396DL1998PTC097177. Its GSTIN is 06AABCG6952F1ZO (Haryana). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.04 Cr. It was formerly known as G.R.J Distributors Private Limited. It is led by directors Ajay Singal and Vaneet Jindal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at House No 288, Shivaji Market Pritampura, Delhi, India – 110034.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.05 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹9.64 Cr (net margin -50.6%) and EBITDA of -₹9.52 Cr (EBITDA margin -50%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avalon Group. As per MCA filings, the company has open charges of ₹216 Cr and satisfied charges of ₹95.04 Cr on record. Court records list 98 cases involving the company, including 49 filed by the company and 49 filed against it; 27 cases are pending.
The last known website on record is avalongroup.in.
Company details
Contact details
GRJ Distributors & Developers Private Limited's registered office is in Delhi, Delhi. Its website is avalongroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHouse No 288, Shivaji Market Pritampura, Delhi, India – 110034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of GRJ Distributors & Developers 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
Brands
GRJ Distributors & Developers operates one associated brand: Avalon Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development of residential and commercial properties in India. | avalongroup.in |
Business activity
The main business activity of GRJ Distributors & Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of GRJ Distributors & Developers Private Limited, buy the company report.
Financials of GRJ Distributors & Developers Private Limited
FY 2024 filings availableGRJ Distributors & Developers Private Limited reported revenue of ₹19.05 Cr (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 54% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA fell 326% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹9.52 Cr | ||||
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| Net Profit (PAT) | -₹9.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -50% | ||||
| Net Profit Margin | -50.6% | ||||
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To see the full financial statements and ratios of GRJ Distributors & Developers Private Limited, buy the company report.
Board of directors of GRJ Distributors & Developers Private Limited
GRJ Distributors & Developers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Singal Also directs: Axis Industrial Parks LLP, Ambition Builders Private Limited, Genius Propbuild Private Limited and 5 more | Director | 03 Apr 2006 | 20 Years 6 Months | As last reported |
| Vaneet Jindal | Additional Director | 16 May 2022 | 4 Years 5 Months | As last reported |
Peer comparison
GRJ Distributors & Developers Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Oceanik Buildtech and Constructions Private Limited | ₹19.09 Cr (FY 2024) | 35.0% | Ranchi, Jharkhand, India | |||
| GRJ Distributors & Developers Private Limitedthis company | ₹19.05 Cr (FY 2024) | -₹9.64 Cr | -50.6% | -54.0% | 8 | Delhi, India |
| Shridhar and Shankar Infra Private Limited | ₹19.04 Cr (FY 2024) | -22.0% | Mumbai, Maharashtra, India | |||
| Emperium Realty Private Limited | ₹19.04 Cr (FY 2024) | -58.0% | Gurgaon, Haryana, India | |||
| Prajay Holdings Private Limited | ₹19.04 Cr (FY 2025) | -42.0% | Hyderabad, Telangana, India | |||
| Qualitas Golden Enclave Private Limited | ₹19.02 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India |
To see the full peer comparison of GRJ Distributors & Developers Private Limited, buy the company report.
Auditor
GRJ Distributors & Developers Private Limited is audited by LUKESH SETHI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LUKESH SETHI & ASSOCIATES | FY 2023 | 025670N |
Shareholding
The shareholding of GRJ Distributors & Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GRJ Distributors & Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2018 | 100160600 | Others | ₹50 Cr | Open | |
| 22 Nov 2016 | 100074326 | Tata Capital Housing Finance Limited | ₹47 Cr | Open | |
| 04 Oct 2016 | 100053597 | Sidbi | ₹4 Cr | Open | |
| 20 Nov 2015 | 10602971 | Small Industries Development Bank of India | ₹5 Cr | Open | |
| 17 Jul 2015 | 10585291 | Others | ₹90 Cr | Open |
To see the full charge records of GRJ Distributors & Developers Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
GRJ Distributors & Developers Private Limited has 98 court cases on record: 49 filed by GRJ Distributors & Developers, 49 filed against it. 27 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 57 | 12 | 9 |
| District courts | 28 | 24 | 15 |
| NCLAT | 7 | 7 | 2 |
| NCLT | 5 | 5 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Petropol India Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Petropol India Limited | Disposed |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed by the company against Petropol India Limited | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Metro Sponge Steel Private Limited | Disposed |
| High Court, Rajasthan | Writ petition | Filed against the company by Tata Capital Housing Finance Ltd | Disposed |
To see the full case history of GRJ Distributors & Developers 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
GRJ Distributors & Developers Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| RPRP & Associates |
To see the full MSME payment records of GRJ Distributors & Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
GRJ Distributors & Developers has 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
GRJ Distributors & Developers Private Limited has a workforce of 8 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
GRJ Distributors & Developers has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCG6952F1ZO | Haryana | Active | 01 Jul 2017 |
| 09AABCG6952F1ZI | Uttar Pradesh | Active | 01 Jul 2017 |
| 08AABCG6952F2ZJ | Rajasthan | Active | 28 Jul 2021 |
To see the full GST registrations and return filing status of GRJ Distributors & Developers Private Limited, buy the company report.
Recent activity
GRJ Distributors & Developers Private Limited has 7 board changes on record since 2006: 2 appointments and 5 cessations. The latest: Ajay Kumar Gupta ceased to be Director on 16 May 2022.
25 earlier events are in the company report.
Frequently asked questions
GRJ Distributors & Developers 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.
GRJ Distributors & Developers is a company under insolvency, formerly operating as a private limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 23 November 1998 and is registered under CIN U51396DL1998PTC097177. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
GRJ Distributors & Developers has 2 current directors:
- Ajay Singal - Director
- Vaneet Jindal - Additional Director
The latest financial statements of GRJ Distributors & Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of GRJ Distributors & Developers is U51396DL1998PTC097177. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GRJ Distributors & Developers has open charges of ₹216 Cr and satisfied charges of ₹95.04 Cr as per latest MCA filings.
GRJ Distributors & Developers has 98 court cases on record: 49 filed by the company and 49 filed against it. 27 are pending. Most are in the high courts.
GRJ Distributors & Developers was incorporated on 23 November 1998. It is registered with the Registrar of Companies, Delhi.
The peers of GRJ Distributors & Developers by revenue are Oceanik Buildtech and Constructions Private Limited, Shridhar and Shankar Infra Private Limited, Emperium Realty Private Limited, Prajay Holdings Private Limited, Qualitas Golden Enclave Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ajay Kumar Gupta ceased to be Director on 16 May 2022. Vaneet Jindal was appointed as Additional Director on 16 May 2022. Ashok Kumar Arora ceased to be Company Secretary on 21 Jun 2019. GRJ Distributors & Developers has 7 board changes on record in total.
GRJ Distributors & Developers has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 May 2019.
GRJ Distributors & Developers can be reached through the website avalongroup.in. Its registered office is in Delhi, India.