About Indian Express Commercial Ventures & Projects Private Limited
Data last updated:
Indian Express Commercial Ventures & Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 11 November 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH1993PTC075094. Its GSTIN is 27AAACI6786J1Z2 (Maharashtra).
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹1.84 Cr. It was formerly known as Indian Express Audio-Visual Private Limited and Indian Express Commercial Ventures & Projects Limited. It is led by directors including Rachel Goenka and George Varghese.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Green Acre 31 Union Park Road No.5 Khar (W), Mumbai, Maharashtra, India – 400052.
As per the financials filed for FY 2025, the company reported a revenue of ₹30.94 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹8.86 Cr (net margin -28.6%) and EBITDA of -₹5.95 Cr (EBITDA margin -19.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
The company has about 60 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹18.5 Cr and satisfied charges of ₹1.94 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website expressindia.com.
Company details
Name history
Indian Express Commercial Ventures & Projects has undergone 2 name changes throughout its history. The company was previously known as Indian Express Audio-Visual Private Limited, and Indian Express Commercial Ventures & Projects Limited. The current legal name is Indian Express Commercial Ventures & Projects Private Limited.
| Company Name | Status |
|---|---|
| Indian Express Commercial Ventures & Projects Private Limited | Current |
| Indian Express Audio-Visual Private Limited | Previous |
| Indian Express Commercial Ventures & Projects Limited | Previous |
CIN history
Indian Express Commercial Ventures & Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70200MH1993PTC075094, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200MH1993PTC075094 | Current |
| U70200MH1993PLC075094 | Previous |
| U74999MH1993PTC075094 | Previous |
Contact details
Indian Express Commercial Ventures & Projects Private Limited's registered office is in Mumbai, Maharashtra. Its website is expressindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Green Acre 31 Union Park Road No.5 Khar (W), Mumbai, Maharashtra, India – 400052
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Indian Express Commercial Ventures & 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
Business activity
The main business activities of Indian Express Commercial Ventures & Projects are accommodation and food service and support service to organizations. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc. and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Financials of Indian Express Commercial Ventures & Projects Private Limited
FY 2025 filings availableIndian Express Commercial Ventures & Projects Private Limited reported revenue of ₹30.94 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 46% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.86 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.2% | ||||
| Net Profit Margin | -28.6% | ||||
| 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 Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Board of directors of Indian Express Commercial Ventures & Projects Private Limited
Indian Express Commercial Ventures & Projects has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rachel Goenka Also directs: TCSC Hospitality Private Limited, RG Sugar Creations Private Limited, Vigeo Ventures LLP and 2 more | Director | 11 May 2012 | 14 Years 5 Months | Current |
| George Varghese Also directs: The Indian Express Private Limited, Express NXT Media Private Limited, Ie Online Media Services Private Limited and 5 more | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Vaidehi Chintaman Thakar Also directs: The Financial Express Print Media Private Limited, Lokasatta Private Limited, The Indian Express Private Limited and 5 more | Director | 12 Oct 2000 | 26 Years 0 Months | Current |
| Viveck Goenka Also directs: The Financial Express Print Media Private Limited, Lokasatta Private Limited, The Indian Express Private Limited and 5 more | Director | 23 Feb 1999 | 27 Years 8 Months | Current |
Auditor
Indian Express Commercial Ventures & Projects Private Limited is audited by V. Sankar Aiyar & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Sankar Aiyar & Co. | FY 2022 | 109208W |
Shareholding
The shareholding of Indian Express Commercial Ventures & Projects 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 Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2024 | 100929459 | Hdfc Bank Limited | ₹3 Cr | Open | |
| 31 Mar 2023 | 100719822 | Others | ₹3 Cr | Open | |
| 03 Jan 2020 | 100317708 | Hdfc Bank Limited | ₹12.5 Cr | Open | |
| 02 May 2019 | 100264573 | Hdfc Bank Limited | ₹33.04 Lakh | Satisfied | |
| 23 Apr 2018 | 100175734 | Hdfc Bank Limited | ₹3.51 Lakh | Satisfied |
To see the full charge records of Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Total charge records: 19 View all charges
Legal cases
Indian Express Commercial Ventures & Projects Private Limited has 6 court cases on record: 5 filed by Indian Express Commercial Ventures & Projects, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Fundamental Hospitality Private Limited | Disposed |
| Supreme Court | Appeal | Filed against the company by Assistant Commissioner of Income Tax Circle 3(2)1 | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Assistant Commissioner of Income Tax Circle 3( and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Indian Express Commercial Ventures & 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 Indian Express Commercial Ventures & Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Indian Express Commercial Ventures & Projects has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vijit Hospitality Private Limited | U55101MH2018PTC315393 |
To see the full group structure of Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Employees & EPFO
Indian Express Commercial Ventures & Projects Private Limited has a workforce of 60 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Indian Express Commercial Ventures & Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6786J1Z2 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Express Commercial Ventures & Projects Private Limited, buy the company report.
Recent activity
Indian Express Commercial Ventures & Projects Private Limited has 7 board changes on record since 1999: 4 appointments and 3 cessations. The latest: George Varghese was appointed as Director on 31 Mar 2015.
34 earlier events are in the company report.
Frequently asked questions
Indian Express Commercial Ventures & Projects is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 11 November 1993 (33+ years old) and is registered under CIN U70200MH1993PTC075094.
Indian Express Commercial Ventures & Projects has 4 current directors:
- Rachel Goenka - Director
- George Varghese - Director
- Vaidehi Chintaman Thakar - Director
- Viveck Goenka - Director
The latest financial statements of Indian Express Commercial Ventures & Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indian Express Commercial Ventures & Projects is 27AAACI6786J1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Indian Express Commercial Ventures & Projects is U70200MH1993PTC075094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Express Commercial Ventures & Projects has 6 court cases on record: 5 filed by the company and 1 filed against it. Most are in the high courts.
Indian Express Commercial Ventures & Projects was incorporated on 11 November 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
George Varghese was appointed as Director on 31 Mar 2015. Monika Bansal ceased to be Director on 31 Mar 2015. Rachel Goenka ceased to be Director on 01 Nov 2012. Indian Express Commercial Ventures & Projects has 7 board changes on record in total.
Indian Express Commercial Ventures & Projects can be reached through the website expressindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Indian Express Commercial Ventures & Projects is at 3rd Floor Green Acre 31 Union Park Road No.5 Khar W, Mumbai, Maharashtra, India – 400052.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
