About Ireo Waterfront Private Limited
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Ireo Waterfront Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Skylith Ltd. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70100DL2006FTC146233. Its GSTIN is 03AACCV2433R1Z5 (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹310 Cr and a paid-up capital of ₹130.52 Cr. It was formerly known as Var Realtors Private Limited. It is led by directors Mahesh Kumar Singh and Bhupesh Bansal.
Its last annual general meeting (AGM) was held on 25 June 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at C – 4 1st Floor Malviya Nagar, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2020, the company reported a revenue of ₹21.5 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹33.61 Cr (net margin -156.3%) and EBITDA of -₹1.57 Cr (EBITDA margin -7.3%). Revenue has declined at a compounded annual rate (CAGR) of 20% over three years and 39% over five years.
The company has about 48 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Ireo. As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹170 Cr on record. Court records list 155 cases involving the company, including 31 filed by the company and 124 filed against it; 25 cases are pending. The company has 15 deals on record (11 secondary share transfers, 4 funding rounds), with disclosed funding of ₹494.14 Cr; the latest was in March 2016. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 3 smaller; the largest is SCT Smart Home Creators Private Limited with revenue of ₹21.51 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ireowaterfront.com.
Company details
CIN history
Ireo Waterfront has one previous CIN (Corporate Identification Number): U70100DL2006PTC146233. The current CIN is U70100DL2006FTC146233, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100DL2006FTC146233 | Current |
| U70100DL2006PTC146233 | Previous |
Contact details
Ireo Waterfront Private Limited's registered office is in New Delhi, Delhi. Its website is ireowaterfront.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 4 1st Floor Malviya Nagar, New Delhi, Delhi, India – 110017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ireo Waterfront 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 Ireo Waterfront 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 Ireo Waterfront Private Limited, buy the company report.
Financials of Ireo Waterfront Private Limited
FY 2020 filings availableIreo Waterfront Private Limited reported revenue of ₹21.5 Cr (up 662% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 662% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 39%. EBITDA rose 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹21.5 Cr | ||||
| Other Income | |||||
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| EBITDA | -₹1.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹33.61 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 | -7.3% | ||||
| Net Profit Margin | -156.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ireo Waterfront Private Limited, buy the company report.
Board of directors of Ireo Waterfront Private Limited
Ireo Waterfront has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kumar Singh | Additional Director | 12 Nov 2018 | 7 Years 11 Months | Current |
| Bhupesh Bansal Also directs: Arise Properties Private Limited, Family Realtors Private Limited, Ireo Victory Valley Private Limited and 5 more | Additional Director | 09 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Ireo Waterfront Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| SCT Smart Home Creators Private Limited | ₹21.51 Cr (FY 2025) | -30.0% | Hosur, Tamil Nadu, India | |||
| Ireo Waterfront Private Limitedthis company | ₹21.5 Cr (FY 2020) | -₹33.61 Cr | -156.3% | 662.0% | 48 | New Delhi, Delhi, India |
| GKH Properties Private Limited | ₹21.49 Cr (FY 2025) | -3.0% | Secunderabad, Telangana, India | |||
| Pratham Buildcon Private Limited | ₹21.48 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Top Light Homes Private Limited | ₹21.48 Cr (FY 2025) | 2289.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Ireo Waterfront Private Limited, buy the company report.
Auditor
Ireo Waterfront Private Limited is audited by S. N. Dhawan & Co. LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. N. Dhawan & Co. LLP | FY 2020 | 000050N |
Shareholding
The shareholding of Ireo Waterfront Private Limited is on record for 5 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ireo Waterfront Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2016 | 100065789 | Others | ₹135 Cr | Open | |
| 01 Aug 2014 | 10518290 | Others | ₹170 Cr | Satisfied |
To see the full charge records of Ireo Waterfront Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ireo Waterfront Private Limited has 15 deals on record (11 secondary share transfers, 4 funding rounds), with disclosed funding of ₹494.14 Cr; the latest was in March 2016.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Seller: Skylith Limited |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: Puma Realtors Private Limited Seller: Skylith Limited |
| Nov 2014 | Secondary share transfer | Undisclosed | Seller: Skylith Limited |
| Oct 2014 | Secondary share transfer | Undisclosed | Seller: Skylith Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Seller: Skylith Limited |
To see the full deal history of Ireo Waterfront 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
Ireo Waterfront Private Limited has 155 court cases on record: 31 filed by Ireo Waterfront, 124 filed against it. 25 cases are pending and 130 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 106 | 93 | 13 |
| High courts | 43 | 26 | 12 |
| NCLT | 4 | 4 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 155)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Aipl Housing and Urban Infrastructure Limited and 1 other | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by M/S B.E. Contracts Pvt Ltd (Formerly Known As Bharat Electricals) and 1 other | Pending |
| District court, Chandigarh | Arbitration matter | Filed by the company against Sterling Green Power Solutions Pvt Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Aipl Housing and Urban Infrastructure Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Aipl Housing and Urban Infrastructure Ltd | Pending |
To see the full case history of Ireo Waterfront 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
Ireo Waterfront Private Limited was last rated by Icra on 05 Feb 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 05 Feb 2015 |
To see the full credit ratings and regulatory alerts of Ireo Waterfront Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ireo Waterfront Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ireo Waterfront has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ireo Waterfront Clubs Private Limited | U55101DL2011PTC214397 |
To see the full group structure of Ireo Waterfront Private Limited, buy the company report.
Employees & EPFO
Ireo Waterfront Private Limited has a workforce of 48 employees on its EPFO records as of Oct 05, 2024, across 1 active EPFO establishment.
GST
Ireo Waterfront has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCV2433R1Z5 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ireo Waterfront Private Limited, buy the company report.
Recent activity
Ireo Waterfront Private Limited has 12 board changes on record since 2008: 2 appointments and 10 cessations. The latest: Ramesh Kumar ceased to be Director on 15 Apr 2019.
7 earlier events are in the company report.
Frequently asked questions
Ireo Waterfront is an active foreign private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 February 2006 (20+ years old) and is registered under CIN U70100DL2006FTC146233.
Ireo Waterfront has 2 current directors:
- Mahesh Kumar Singh - Additional Director
- Bhupesh Bansal - Additional Director
The latest financial statements of Ireo Waterfront on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 25 June 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Ireo Waterfront is 03AACCV2433R1Z5, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ireo Waterfront is U70100DL2006FTC146233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ireo Waterfront has 155 court cases on record: 31 filed by the company and 124 filed against it. 25 are pending. Most are in the district courts.
Ireo Waterfront was incorporated on 13 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Ireo Waterfront has 15 deals on record (11 secondary share transfers, 4 funding rounds), with disclosed funding of ₹494.14 Cr; the latest was in March 2016.
The peers of Ireo Waterfront by revenue are SCT Smart Home Creators Private Limited, GKH Properties Private Limited, Pratham Buildcon Private Limited, Top Light Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ramesh Kumar ceased to be Director on 15 Apr 2019. Bhupesh Bansal was appointed as Additional Director on 09 Apr 2019. Madhukar Tulsi ceased to be Whole-Time Director on 29 Nov 2018. Ireo Waterfront has 12 board changes on record in total.
Ireo Waterfront can be reached through the website ireowaterfront.com. Its registered office is in New Delhi, Delhi, India.