About Indo Global Soft Solutions and Technologies Private Limited
Data last updated:
Indo Global Soft Solutions and Technologies Private Limited is a private limited company based in Pune, Maharashtra, 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 financing segment of the financial services sector. It was incorporated on 26 December 2005.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2005PTC021732. Its GSTIN is 27AABCI5177L1Z6 (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.02 Cr. It is led by directors Sanjay Rajkumar Chhabria and Ritu Sanjay Chhabria.
Its last annual general meeting (AGM) was held on 29 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Radius Tech Park, Pune, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹25.72 Cr, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹49.17 Cr (net margin -191.2%) and EBITDA of ₹6.44 Cr (EBITDA margin 25%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 3% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,080 Cr and satisfied charges of ₹674 Cr on record. Court records list 19 cases involving the company, including 2 filed by the company and 17 filed against it; 5 cases are pending.
The last known website on record is radiusdevelopers.com.
Company details
Contact details
Indo Global Soft Solutions and Technologies Private Limited's registered office is in Pune, Maharashtra. Its website is radiusdevelopers.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressRadius Tech Park Plot No. 41 Rajiv Gandhi Infotech Park Phase I MIDC, Hinjawadi, Pune, Maharashtra, India – 411057
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Indo Global Soft Solutions and Technologies 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 Indo Global Soft Solutions and Technologies are real estate and information and communication. In detail, this covers real estate activities with own or leased property and other information & communication service activities. 2 activity segments are registered with the MCA.
| 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 | |
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Financials of Indo Global Soft Solutions and Technologies Private Limited
FY 2020 filings availableIndo Global Soft Solutions and Technologies Private Limited reported revenue of ₹25.72 Cr (down 79% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 93% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹25.72 Cr | ||||
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| EBITDA | ₹6.44 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹49.17 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25% | ||||
| Net Profit Margin | -191.2% | ||||
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To see the full financial statements and ratios of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Board of directors of Indo Global Soft Solutions and Technologies Private Limited
Indo Global Soft Solutions and Technologies has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Rajkumar Chhabria | Director | 05 Apr 2016 | 10 Years 6 Months | As last reported |
| Ritu Sanjay Chhabria | Director | 05 Apr 2016 | 10 Years 6 Months | As last reported |
Peer comparison
Indo Global Soft Solutions and Technologies Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers, Real Estate Leasing), 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 |
|---|---|---|---|---|---|---|
| Apeejay House Private Limited | ₹25.75 Cr (FY 2024) | -6.0% | Kolkata, West Bengal, India | |||
| Westpark Developers Private Limited | ₹25.74 Cr (FY 2025) | 44.0% | Gurugram, Haryana, India | |||
| Indo Global Soft Solutions and Technologies Private Limitedthis company | ₹25.72 Cr (FY 2020) | -₹49.17 Cr | -191.2% | -79.0% | 7 | Pune, Maharashtra, India |
| Atlanta Capital Private Limited | ₹25.72 Cr (FY 2025) | 235.0% | Gurgaon, Haryana, India | |||
| Pune Infrarealty and Ventures Private Limited | ₹25.71 Cr (FY 2025) | -5.0% | Pune, Maharashtra, India | |||
| Dhanvijay Realtors Private Limited | ₹25.7 Cr (FY 2025) | -16.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Auditor
Indo Global Soft Solutions and Technologies Private Limited is audited by K KANKANI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K KANKANI & CO | FY 2020 | 139958W |
Shareholding
The shareholding of Indo Global Soft Solutions and Technologies Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2019 | 100270866 | Others | ₹163 Cr | Open | |
| 05 Mar 2019 | 100257782 | Others | ₹850 Cr | Open | |
| 05 Nov 2018 | 100223925 | Idbi Trusteeship Services Limited | ₹192 Cr | Open | |
| 28 Aug 2017 | 100139673 | Others | ₹700 Cr | Open | |
| 12 Apr 2016 | 100018541 | Others | ₹175 Cr | Open |
To see the full charge records of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Indo Global Soft Solutions and Technologies Private Limited has 19 court cases on record: 2 filed by Indo Global Soft Solutions and Technologies, 17 filed against it. 5 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 5 |
| High courts | 4 | 4 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by M/S. Vinsons Projects India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Yes Bank Limited | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Rohan Developers Pvt Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Ashdan Properties Private Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Cognizant Technology Solutions India Pvt.Ltd. Through Gokul Thirumalai | Disposed |
To see the full case history of Indo Global Soft Solutions and Technologies 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 Indo Global Soft Solutions and Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indo Global Soft Solutions and Technologies Private Limited has a workforce of 7 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Indo Global Soft Solutions and Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI5177L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indo Global Soft Solutions and Technologies Private Limited, buy the company report.
Recent activity
Indo Global Soft Solutions and Technologies Private Limited has 10 board changes on record since 2008: 2 appointments and 8 cessations. The latest: Ritu Sanjay Chhabria ceased to be Additional Director on 26 Sep 2016.
24 earlier events are in the company report.
News
Frequently asked questions
Indo Global Soft Solutions and Technologies 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.
Indo Global Soft Solutions and Technologies is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 26 December 2005 and is registered under CIN U72900PN2005PTC021732. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indo Global Soft Solutions and Technologies has 2 current directors:
- Sanjay Rajkumar Chhabria - Director
- Ritu Sanjay Chhabria - Director
The latest financial statements of Indo Global Soft Solutions and Technologies on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 29 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indo Global Soft Solutions and Technologies is U72900PN2005PTC021732. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indo Global Soft Solutions and Technologies has open charges of ₹2,080 Cr and satisfied charges of ₹674 Cr as per latest MCA filings.
Indo Global Soft Solutions and Technologies has 19 court cases on record: 2 filed by the company and 17 filed against it. 5 are pending. Most are in the district courts.
Indo Global Soft Solutions and Technologies was incorporated on 26 December 2005. It is registered with the Registrar of Companies, Pune.
The peers of Indo Global Soft Solutions and Technologies by revenue are Apeejay House Private Limited, Westpark Developers Private Limited, Atlanta Capital Private Limited, Pune Infrarealty and Ventures Private Limited, Dhanvijay Realtors Private Limited, all in the Real Estate industry (Builders and Developers, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Ritu Sanjay Chhabria ceased to be Additional Director on 26 Sep 2016. Sanjay Rajkumar Chhabria ceased to be Additional Director on 26 Sep 2016. Ashish Narendra Shah ceased to be Director on 05 Apr 2016. Indo Global Soft Solutions and Technologies has 10 board changes on record in total.
Indo Global Soft Solutions and Technologies can be reached through the website radiusdevelopers.com. Its registered office is in Pune, Maharashtra, India.