About VR Malwa Private Limited
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VR Malwa Private Limited is a private limited company based in Mohali, Punjab, India, a subsidiary of Anisha (Mauritius) Limited. It operates in the mall and retail management segment of the business services sector. It was incorporated on 23 April 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U70109PB2007PTC065044. Its GSTIN is 03AABCH8828B1ZY (Punjab). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹29.49 Cr. It was formerly known as Hamir Real Estate Private Limited. It is led by directors including Anuj Bugga and Amrit Singh Deo.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 118, Punjab.
As per the financials filed for FY 2024, the company reported a revenue of ₹67.05 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹37.13 Cr (net margin -55.4%) and EBITDA of ₹35.8 Cr (EBITDA margin 53.4%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 2% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: North Country Mall. As per MCA filings, the company has open charges of ₹300 Cr and satisfied charges of ₹1,205 Cr on record. Court records list 84 cases involving the company, including 30 filed by the company and 55 filed against it; 16 cases are pending. The company has 17 deals on record (8 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹499.96 Cr; the latest was in May 2017. Its 7 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 3 smaller; the largest is Nexusmalls Whitefield Private Limited with revenue of ₹85.66 Cr. The company has 12 MSME Form 1 returns on record between 2022 and 2024, listing 199 overdue payments to 32 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website northcountrymall.com.
Company details
CIN history
VR Malwa has one previous CIN (Corporate Identification Number): U70109DL2007PTC162448. The current CIN is U70109PB2007PTC065044, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70109PB2007PTC065044 | Current |
| U70109DL2007PTC162448 | Previous |
Contact details
VR Malwa Private Limited's registered office is in Mohali, Punjab. Its website is northcountrymall.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVr Punjab NH – 21 Chandigarh Kharar Road, Sector 118 Sahibzada Ajit Singh Nagar, Mohali, Punjab, India – 160055
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of VR Malwa 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
VR Malwa operates one associated brand: North Country Mall. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retail shopping center known as North Country Mall is maintained. | northcountrymall.com |
Business activity
The main business activity of VR Malwa 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 VR Malwa Private Limited, buy the company report.
Financials of VR Malwa Private Limited
FY 2024 filings availableVR Malwa Private Limited reported revenue of ₹67.05 Cr (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 19% fall in the latest year. EBITDA fell 30% 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 | ₹35.8 Cr | ||||
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| Net Profit (PAT) | -₹37.13 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 53.4% | ||||
| Net Profit Margin | -55.4% | ||||
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To see the full financial statements and ratios of VR Malwa Private Limited, buy the company report.
Board of directors of VR Malwa Private Limited
VR Malwa has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Bugga Also directs: Fti Consulting India Private Limited | Additional Director | 24 Dec 2025 | 0 Years 10 Months | Current |
| Amrit Singh Deo Also directs: Fti Consulting India Private Limited | Additional Director | 23 Dec 2025 | 0 Years 10 Months | Current |
| Pradeep Jyoti Banerjee Also directs: Pradeep Banerjee Associates LLP, Chambal Fertilisers and Chemicals Limited, Jubilant Ingrevia Limited and 5 more | Nominee Director | 14 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
VR Malwa Private Limited is compared with the 7 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nexusmalls Whitefield Private Limited | ₹85.66 Cr (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| City Realty & Development Private Limited | ₹82.84 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India | |||
| Z-Square Shopping Mall Private Limited | ₹68.82 Cr (FY 2020) | 2.0% | Kanpur, Uttar Pradesh, India | |||
| City Centre Mall Nashik Private Limited | ₹68.14 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| VR Malwa Private Limitedthis company | ₹67.05 Cr (FY 2024) | -₹37.13 Cr | -55.4% | -19.0% | 9 | Mohali, Punjab, India |
| VR Vidarbha Limited | ₹62.57 Cr (FY 2024) | 18.0% | Nagpur, Maharashtra, India | |||
| Adarsh Heights Private Limited | ₹58.2 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Arliga Galleria (India) Private Limited | ₹57.98 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India |
To see the full peer comparison of VR Malwa Private Limited, buy the company report.
Auditor
VR Malwa Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of VR Malwa 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of VR Malwa Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2023 | 100793340 | Others | ₹300 Cr | Open | |
| 22 Dec 2017 | 100148184 | Others | ₹300 Cr | Satisfied | |
| 20 Aug 2013 | 10448623 | Axis Trustee Services Limited | ₹485 Cr | Satisfied | |
| 10 Apr 2012 | 10351490 | Yes Bank Limited | ₹20 Cr | Satisfied | |
| 29 Jun 2010 | 10230270 | Axis Trustee Services Limited | ₹400 Cr | Satisfied |
To see the full charge records of VR Malwa Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
VR Malwa Private Limited has 17 deals on record (8 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹499.96 Cr; the latest was in May 2017.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Anisha Mauritius Limited Seller: an individual |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2014 | Funding round | ₹6.02 Cr | Investors: Anisha Mauritius Limited |
To see the full deal history of VR Malwa 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
VR Malwa Private Limited has 84 court cases on record: 30 filed by VR Malwa, 55 filed against it. 16 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 45 | 13 |
| High courts | 20 | 10 | 3 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Haldiram Marketing Pvt Ltd | Pending |
| District court, SAS Nagar, Punjab | Arbitration matter | Filed against the company by H and M Hennes and Mauritz Retail Pvt Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by PVR Inox Limited | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against Punjab State Power Corporation Ltd. and Anr and 1 other | Pending |
| High Court, PUNJAB | Revision petition | Filed against the company by Hamir Real Estate Pvt. Ltd. | Disposed |
To see the full case history of VR Malwa 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
VR Malwa Private Limited was last rated by Indiarating on 13 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 13 May 2021 |
To see the full credit ratings and regulatory alerts of VR Malwa Private Limited, buy the company report.
MSME payment delays
VR Malwa Private Limited has 12 MSME Form 1 returns on record between 2022 and 2024, listing 199 overdue payments to 32 micro and small suppliers. 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 (5 of 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Incorp Advisory Services Private Limited | |||
| an individual supplier | |||
| Absolut Info Systems Private Limited | |||
| Raindrop Event Craft LLP | |||
| Vardhman Trusteeship Private Limited |
To see the full MSME payment records of VR Malwa Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VR Malwa Private Limited has a workforce of 9 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
VR Malwa has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCH8828B1ZY | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VR Malwa Private Limited, buy the company report.
Recent activity
VR Malwa Private Limited has 21 board changes on record since 2008: 3 appointments and 18 cessations. The latest: Anuj Bugga was appointed as Additional Director on 24 Dec 2025.
23 earlier events are in the company report.
Frequently asked questions
VR Malwa is an active private limited company based in Mohali, Punjab, India. The company works in mall and retail management, within the business services industry. It was incorporated on 23 April 2007 (19+ years old) and is registered under CIN U70109PB2007PTC065044.
VR Malwa has 3 current directors:
- Anuj Bugga - Additional Director
- Amrit Singh Deo - Additional Director
- Pradeep Jyoti Banerjee - Nominee Director
The latest financial statements of VR Malwa on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of VR Malwa is 03AABCH8828B1ZY, registered in Punjab. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of VR Malwa is U70109PB2007PTC065044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VR Malwa has 84 court cases on record: 30 filed by the company and 55 filed against it. 16 are pending. Most are in the district courts.
VR Malwa was incorporated on 23 April 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
VR Malwa has 17 deals on record (8 funding rounds, 8 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹499.96 Cr; the latest was in May 2017.
The peers of VR Malwa by revenue are Nexusmalls Whitefield Private Limited, City Realty & Development Private Limited, Z-Square Shopping Mall Private Limited, City Centre Mall Nashik Private Limited, VR Vidarbha Limited and 2 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Anuj Bugga was appointed as Additional Director on 24 Dec 2025. Amrit Singh Deo was appointed as Additional Director on 23 Dec 2025. Jay Viresh Dayani ceased to be Additional Director on 30 Mar 2023. VR Malwa has 21 board changes on record in total.
VR Malwa has 12 MSME Form 1 returns on record between 2022 and 2024, listing 199 overdue payments to 32 micro and small suppliers. The latest return was filed on 30 Apr 2024.
VR Malwa can be reached through the website northcountrymall.com. Its registered office is in Mohali, Punjab, India.