About Ideb Projects Private Limited
Data last updated:
Ideb Projects Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the engineering, procurement and construction (epc) segment of the engineering sector. It was incorporated on 17 April 1997.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1997PTC022128. Its GSTIN is 29AAACI5570N1Z2 (Karnataka). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹27.7 Cr and a paid-up capital of ₹25.06 Cr. It was formerly known as Bhandari Builders (South) Private Limited and Ideb Construction Projects Private Limited. It is led by directors Harkirat Singh Bedi (Managing Director) and Avneet Bedi.
Its last annual general meeting (AGM) was held on 25 March 2019, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 10th Floor Delta Tower Sigma Soft Tech Park, Bangalore, Karnataka.
As per the financials filed for FY 2016, the company reported a revenue of ₹19.76 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹3.77 Cr (net margin 19.1%) and EBITDA of -₹1.36 Cr (EBITDA margin -6.9%).
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: IDEB. As per MCA filings, the company has open charges of ₹619.05 Cr and satisfied charges of ₹311.49 Cr on record. Court records list 446 cases involving the company, including 110 filed by the company and 336 filed against it; 29 cases are pending. The company has 1 deal on record (1 funding round); the latest was in February 2007.
The last known website on record is idebinc.com.
Company details
Name history
Ideb Projects has undergone 2 name changes throughout its history. The company was previously known as Bhandari Builders (South) Private Limited, and Ideb Construction Projects Private Limited. The current legal name is Ideb Projects Private Limited.
| Company Name | Status |
|---|---|
| Ideb Projects Private Limited | Current |
| Bhandari Builders (South) Private Limited | Previous |
| Ideb Construction Projects Private Limited | Previous |
Contact details
Ideb Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is idebinc.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9th & 10th Floor Delta Tower Sigma Soft Tech Park No.7 Whitefiled Road Varthur Kodi Bang, Alore, Bangalore, Karnataka, India – 560066
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Ideb Projects 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
Ideb Projects operates one associated brand: IDEB. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Road infrastructure development is conducted by IDEB in India. | idebinc.com |
Financials of Ideb Projects Private Limited
FY 2018 filings availableIdeb Projects Private Limited reported revenue of ₹19.76 Cr (down 40% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% 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 | ₹19.76 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹1.36 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹3.77 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 | -6.9% | |
| Net Profit Margin | 19.1% | |
| 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 Ideb Projects Private Limited, buy the company report.
Board of directors of Ideb Projects Private Limited
Ideb Projects has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harkirat Singh Bedi Also directs: SSTP Property Management Services LLP, Ideb Buildcon Private Limited, Ideb PSB Estates Private Limited and 4 more | Managing Director | 17 Apr 1997 | 29 Years 6 Months | As last reported |
| Avneet Bedi Also directs: SSTP Property Management Services LLP, Ideb Buildcon Private Limited, Ideb PSB Estates Private Limited and 3 more | Director | 17 Apr 1997 | 29 Years 6 Months | As last reported |
Auditor
Ideb Projects Private Limited is audited by M R N M & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M R N M & CO | FY 2016 | 013072S |
Shareholding
The shareholding of Ideb Projects Private Limited is on record for 2 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ideb Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2009 | 10160749 | Others | ₹3.58 Cr | Open | |
| 20 Mar 2009 | 10155034 | Hdfc Bank Limited | ₹30 Cr | Open | |
| 15 Dec 2008 | 10139036 | State Bank of Hyderabad | ₹50 Cr | Open | |
| 01 Mar 2008 | 10100998 | L & T Finance Limited | ₹17.46 Lakh | Open | |
| 01 Mar 2008 | 10101002 | L & T Finance Limited | ₹18.82 Lakh | Open |
To see the full charge records of Ideb Projects Private Limited, buy the company report.
Total charge records: 150 View all charges
Deals & funding
Ideb Projects Private Limited has 1 deal on record (1 funding round); the latest was in February 2007.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2007 | Funding round | Undisclosed | Investors: Samsara Capital, Forum Partners Investment Management LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ideb Projects Private Limited has 446 court cases on record: 110 filed by Ideb Projects, 336 filed against it. 29 cases are pending and 417 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 241 | 173 | 14 |
| District courts | 193 | 155 | 15 |
| Supreme Court | 12 | 8 | 0 |
Cases on record (5 of 446)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Court case (CRL.P) | Filed by the company against M/S. Reliance Capital Ltd., | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by L and T Infrastructure Finance Company Ltd Th.Mr. Rajesh Talwatkar | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Reserve Bank of India | Pending |
| High Court of Karnataka | Arbitration matter | Filed by the company against Bangalore Metro Rail Corporation Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed by the company against Bangalore Metro Rail Corporation Ltd | Disposed |
To see the full case history of Ideb Projects 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 Ideb Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ideb Projects has 4 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ideb Buildcon Private Limited | U45201KA2001PTC028401 | |
| Ideb-Sucg Knowledge Park Private Limited | U45202KA2007PTC043343 | |
| Patiala Malerkotla Tollways Private Limited | U45203KA2006PTC038287 | |
| Ideb Investments Private Limited | U70102KA2006PTC041095 |
To see the full group structure of Ideb Projects Private Limited, buy the company report.
Employees & EPFO
Ideb Projects Private Limited has a workforce of 3 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Ideb Projects has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI5570N1Z2 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ideb Projects Private Limited, buy the company report.
Recent activity
Ideb Projects Private Limited has 12 board changes on record since 1997: 2 appointments and 10 cessations. The latest: Sunil Kumar Bansal ceased to be Company Secretary on 11 Dec 2009.
246 earlier events are in the company report.
Frequently asked questions
Ideb Projects is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ideb Projects is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in engineering, procurement and construction (epc), within the engineering industry. It was incorporated on 17 April 1997 and is registered under CIN U85110KA1997PTC022128. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ideb Projects has 2 current directors:
- Harkirat Singh Bedi - Managing Director
- Avneet Bedi - Director
The latest financial statements of Ideb Projects on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 March 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ideb Projects is U85110KA1997PTC022128. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ideb Projects has open charges of ₹619.05 Cr and satisfied charges of ₹311.49 Cr as per latest MCA filings.
Ideb Projects has 446 court cases on record: 110 filed by the company and 336 filed against it. 29 are pending. Most are in the high courts.
Ideb Projects was incorporated on 17 April 1997. It is registered with the Registrar of Companies, Bangalore.
Ideb Projects has 1 deal on record (1 funding round); the latest was in February 2007.
Sunil Kumar Bansal ceased to be Company Secretary on 11 Dec 2009. Gurmeet Singh Uberai ceased to be Director on 25 Jun 2009. Prabhat Prakashchand Goel ceased to be Alternate Director on 25 Jun 2009. Ideb Projects has 12 board changes on record in total.