About Jaatvedas Construction Company Private Limited
Data last updated:
Jaatvedas Construction Company Private Limited is a private limited company based in Mumbai, 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 development and construction segment of the real estate and construction sector. It was incorporated on 10 February 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2011PTC213252. Its GSTIN is 27AACCJ5332R1Z3 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.69 Cr. It is led by directors including Ashok Girdharilal Mewani and Narendra Amrutlal Patel.
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 F/306 3rd Floor Eastern Business District Lbs Rd Bhandup West, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2019, the company reported a revenue of ₹181.41 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.43 Cr (net margin 1.3%) and EBITDA of ₹11.19 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
As per MCA filings, the company has open charges of ₹30.02 Cr and satisfied charges of ₹18.88 Cr on record. Court records list 41 cases involving the company, including 41 filed against it; 11 cases are pending. The company has 8 deals on record (6 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹5.36 Cr; the latest was in March 2019.
The last known website on record is jaatvedas.com.
Company details
Contact details
Jaatvedas Construction Company Private Limited's registered office is in Mumbai, Maharashtra. Its website is jaatvedas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressF/306 3rd Floor Eastern Business District Lbs Rd Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Jaatvedas Construction Company 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 Jaatvedas Construction Company 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 Jaatvedas Construction Company Private Limited, buy the company report.
Financials of Jaatvedas Construction Company Private Limited
FY 2019 filings availableJaatvedas Construction Company Private Limited reported revenue of ₹181.41 Cr (up 6% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over three years, including 6% growth in the latest year. EBITDA fell 35% 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 | ₹181.41 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.43 Cr | ||||
| Balance Sheet | |||||
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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 | 6.2% | ||||
| Net Profit Margin | 1.3% | ||||
| 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 Jaatvedas Construction Company Private Limited, buy the company report.
Board of directors of Jaatvedas Construction Company Private Limited
Jaatvedas Construction Company has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Girdharilal Mewani Also directs: Jaatvedas Construction and Contractors LLP | Director | 05 Feb 2016 | 10 Years 8 Months | As last reported |
| Narendra Amrutlal Patel | Director | 10 Feb 2011 | 15 Years 8 Months | As last reported |
| Hitesh Amrutlal Patel Also directs: Jaatvedas Construction and Contractors LLP | Director | 10 Feb 2011 | 15 Years 8 Months | As last reported |
Auditor
Jaatvedas Construction Company Private Limited is audited by JAYESH SANGHRAJKA & CO. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYESH SANGHRAJKA & CO. LLP | FY 2019 | 104184W/W100075 |
Shareholding
The shareholding of Jaatvedas Construction Company Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Jaatvedas Construction Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Nov 2020 | 100392545 | Hdfc Bank Limited | ₹98 Lakh | Open | |
| 28 Oct 2020 | 100388589 | Others | ₹48.1 Lakh | Open | |
| 16 Jul 2019 | 100279855 | Others | ₹41.5 Lakh | Open | |
| 30 Jun 2018 | 100197088 | Others | ₹78.59 Lakh | Open | |
| 30 Jun 2018 | 100197089 | Others | ₹1.39 Cr | Open |
To see the full charge records of Jaatvedas Construction Company Private Limited, buy the company report.
Total charge records: 36 View all charges
Deals & funding
Jaatvedas Construction Company Private Limited has 8 deals on record (6 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹5.36 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Allied Rainbow Asia Steel Private Limited Seller: Reform Trading Company Private Limited |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Eustoma Advisors Private Limited Seller: an individual |
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Reform Trading Company Private Limited Seller: Prism Scan Express Private Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Eustoma Advisors Private Limited Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Anay Realtors Private Limited , Prism Scan Express Private Limited Seller: Choice International Limited |
To see the full deal history of Jaatvedas Construction Company 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
Jaatvedas Construction Company Private Limited has 41 court cases on record: 41 filed against it. 11 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 21 | 11 |
| High courts | 8 | 8 | 0 |
| NCLT | 8 | 8 | 0 |
| NCLAT | 4 | 4 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Trans Oilfield Chemicals Pvt. Ltd. Through Director Rakesh Ranchoddas Rathi | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Ultratech Cement Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Prism Johnson Limited Th. Rohan Loke | Pending |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Godrej Projects Development Limited | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Prakhhyat Dwellings LLP | Disposed |
To see the full case history of Jaatvedas Construction Company 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
Jaatvedas Construction Company Private Limited was last rated by Care on 19 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 May 2022 |
To see the full credit ratings and regulatory alerts of Jaatvedas Construction Company Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jaatvedas Construction Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jaatvedas Construction Company has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCJ5332R1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jaatvedas Construction Company Private Limited, buy the company report.
Recent activity
Jaatvedas Construction Company Private Limited has 7 board changes on record since 2011: 3 appointments and 4 cessations. The latest: Bhavesh Karsandas Patel ceased to be Director on 17 Dec 2019.
59 earlier events are in the company report.
Frequently asked questions
Jaatvedas Construction Company 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.
Jaatvedas Construction Company is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 February 2011 and is registered under CIN U45202MH2011PTC213252. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jaatvedas Construction Company has 3 current directors:
- Ashok Girdharilal Mewani - Director
- Narendra Amrutlal Patel - Director
- Hitesh Amrutlal Patel - Director
The latest financial statements of Jaatvedas Construction Company 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.
The CIN (Corporate Identification Number) of Jaatvedas Construction Company is U45202MH2011PTC213252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jaatvedas Construction Company has open charges of ₹30.02 Cr and satisfied charges of ₹18.88 Cr as per latest MCA filings.
Jaatvedas Construction Company has 41 court cases on record: 41 filed against it. 11 are pending. Most are in the district courts.
Jaatvedas Construction Company was incorporated on 10 February 2011. It is registered with the Registrar of Companies, Mumbai.
Jaatvedas Construction Company has 8 deals on record (6 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹5.36 Cr; the latest was in March 2019.
Bhavesh Karsandas Patel ceased to be Director on 17 Dec 2019. Shantilal Karamshi Patel ceased to be Director on 31 Mar 2018. Ashok Girdharilal Mewani ceased to be Additional Director on 30 Sep 2016. Jaatvedas Construction Company has 7 board changes on record in total.