About Hi Life Ventures Private Limited
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Hi Life Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2013PTC072778. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Mokkapati Venkataramanaidu and Syed Khamuruddin.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at # 48/1 Hadosiddapura (V), Bangalore, Karnataka, India – 560035.
As per the financials filed for FY 2019, the company reported a revenue of ₹17.48 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net profit of ₹19.92 Lakh (net margin 1.1%) and EBITDA of ₹6.8 Cr (EBITDA margin 38.9%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹74 Cr and satisfied charges of ₹10 Cr on record. Court records list 46 cases involving the company, including 3 filed by the company and 43 filed against it; 19 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hilifeventures.com.
Company details
Contact details
Hi Life Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is hilifeventures.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 48/1 Hadosiddapura (V), Bangalore, Karnataka, India – 560035
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Hi Life Ventures 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 Hi Life Ventures 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 Hi Life Ventures Private Limited, buy the company report.
Financials of Hi Life Ventures Private Limited
FY 2019 filings availableHi Life Ventures Private Limited reported revenue of ₹17.48 Cr (down 58% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA rose 15% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.92 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.9% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Hi Life Ventures Private Limited, buy the company report.
Board of directors of Hi Life Ventures Private Limited
Hi Life Ventures has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mokkapati Venkataramanaidu | Additional Director | 11 Apr 2024 | 2 Years 6 Months | Current |
| Syed Khamuruddin Also directs: Ceyana Infrastructure and Developers Private Limited | Additional Director | 11 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Hi Life Ventures 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 |
|---|---|---|---|---|---|---|
| Samay Construction Private Limited | ₹17.5 Cr (FY 2024) | 8.0% | Kolkata, West Bengal, India | |||
| Reyansh Buildcon Private Limited | ₹17.49 Cr (FY 2025) | 64.0% | Kolhapur, Maharashtra, India | |||
| Creo Homes Private Limited | ₹17.49 Cr (FY 2025) | 76.0% | Kochi, Kerala, India | |||
| Hi Life Ventures Private Limitedthis company | ₹17.48 Cr (FY 2019) | ₹19.92 Lakh | 1.1% | -58.0% | 32 | Bangalore, Karnataka, India |
| Darshanam Sphere Private Limited | ₹17.48 Cr (FY 2024) | 103.0% | Vadodara, Gujarat, India | |||
| Tridhaatu Constructions Private Limited | ₹17.46 Cr (FY 2023) | -59.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Hi Life Ventures Private Limited, buy the company report.
Auditor
Hi Life Ventures Private Limited is audited by D P R H & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D P R H & ASSOCIATES | FY 2019 | 012539S |
Shareholding
The shareholding of Hi Life Ventures Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hi Life Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2018 | 100173121 | Others | ₹35 Cr | Open | |
| 04 Jun 2016 | 100030575 | Others | ₹21 Cr | Open | |
| 28 Apr 2015 | 10567426 | Dewan Housing Finance Corporation Limited | ₹18 Cr | Open | |
| 24 May 2017 | 100105407 | Tata Capital Housing Finance Limited | ₹10 Cr | Satisfied |
To see the full charge records of Hi Life Ventures Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Hi Life Ventures Private Limited has 46 court cases on record: 3 filed by Hi Life Ventures, 43 filed against it. 19 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 35 | 15 |
| High courts | 11 | 8 | 4 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against M/S. Reliance Home Finance Ltd., | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Reliance Home Finance Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Edelweiss Housing Finance Ltd. | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Reliance Home Finance Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Criminal miscellaneous application | Filed against the company by Reliance Home Finance Limited | Disposed |
To see the full case history of Hi Life Ventures 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 Hi Life Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hi Life Ventures Private Limited has a workforce of 32 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Hi Life Ventures 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 Hi Life Ventures Private Limited, buy the company report.
Recent activity
Hi Life Ventures Private Limited has 16 board changes on record since 2016: 2 appointments and 14 cessations. The latest: Gowni Viswanath ceased to be Managing Director on 12 Apr 2024.
13 earlier events are in the company report.
Frequently asked questions
Hi Life Ventures is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 December 2013 (13+ years old) and is registered under CIN U45200KA2013PTC072778.
Hi Life Ventures has 2 current directors:
- Mokkapati Venkataramanaidu - Additional Director
- Syed Khamuruddin - Additional Director
The latest financial statements of Hi Life Ventures on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
No. Hi Life Ventures has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Hi Life Ventures is U45200KA2013PTC072778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hi Life Ventures has 46 court cases on record: 3 filed by the company and 43 filed against it. 19 are pending. Most are in the district courts.
Hi Life Ventures was incorporated on 31 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Hi Life Ventures by revenue are Samay Construction Private Limited, Reyansh Buildcon Private Limited, Creo Homes Private Limited, Darshanam Sphere Private Limited, Tridhaatu Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Gowni Viswanath ceased to be Managing Director on 12 Apr 2024. Kumavath Divya Guntepalli ceased to be Director on 12 Apr 2024. Mokkapati Venkataramanaidu was appointed as Additional Director on 11 Apr 2024. Hi Life Ventures has 16 board changes on record in total.
Hi Life Ventures can be reached through the website hilifeventures.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Hi Life Ventures is at # 481 Hadosiddapura V, Bangalore, Karnataka, India – 560035.
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