About Jasmine Buildmart Private Limited
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Jasmine Buildmart Private Limited is a private limited company based in New Delhi, Delhi, 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 30 April 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2010PTC202195. Its GSTIN is 07AACCJ5119L1ZG (Delhi). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.66 Cr. It is led by directors including Satish Kumar Seth and Devvart Rana (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 23 November 2023, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Unit No. 201 Elegance Tower, Plot No. 8 Jasola, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2021, the company reported a revenue of ₹11.01 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹11.31 Cr (net margin -102.7%) and EBITDA of -₹9.11 Cr (EBITDA margin -82.7%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 32% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹94.85 Cr and satisfied charges of ₹27.5 Cr on record. Court records list 104 cases involving the company, including 33 filed by the company and 71 filed against it; 42 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.66 Cr; the latest was in August 2017.
The last known website on record is thekrrishgroup.com.
Company details
Contact details
Jasmine Buildmart Private Limited's registered office is in New Delhi, Delhi. Its website is thekrrishgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 201 Elegance Tower, Plot No. 8 Jasola, New Delhi, Delhi, India – 110025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Jasmine Buildmart 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 Jasmine Buildmart is real estate. In detail, this covers real estate activities with own or leased property.
| 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 |
To see the full business activity and turnover split of Jasmine Buildmart Private Limited, buy the company report.
Financials of Jasmine Buildmart Private Limited
FY 2021 filings availableJasmine Buildmart Private Limited reported revenue of ₹11.01 Cr (up 5% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 32%. 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
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| EBITDA | -₹9.11 Cr | ||||
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| Net Profit (PAT) | -₹11.31 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | -82.7% | ||||
| Net Profit Margin | -102.7% | ||||
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To see the full financial statements and ratios of Jasmine Buildmart Private Limited, buy the company report.
Board of directors of Jasmine Buildmart Private Limited
Jasmine Buildmart has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar Seth Also directs: Vicinity Hotels Private Limited, Krrish Realtech Private Limited | Director | 13 Jan 2011 | 15 Years 9 Months | As last reported |
| Devvart Rana Also directs: Potential Housing LLP, Potential Land & Housing Private Limited | Irp/Rp/Liquidator | 11 Sep 2024 | 2 Years 1 Months | As last reported |
| Rajiv Narda Also directs: Arnav Buildwell Private Limited, Aventura Retailer Private Limited, Iceberg Distilleries Private Limited and 5 more | Director | 24 Aug 2017 | 9 Years 2 Months | As last reported |
| Amulya Kumar Mishra Also directs: Vicinity Hotels Private Limited, Krrish Realtech Private Limited, Asmina Trading Private Limited and 5 more | Director | 25 Aug 2017 | 9 Years 1 Months | As last reported |
Auditor
Jasmine Buildmart Private Limited is audited by A K N R & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K N R & CO | FY 2020 | 023076C |
Shareholding
The shareholding of Jasmine Buildmart 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 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Jasmine Buildmart Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2023 | 100732805 | Others | ₹3.03 Cr | Open | |
| 23 Feb 2023 | 100729395 | Others | ₹2.7 Cr | Open | |
| 29 Dec 2017 | 100150311 | Others | ₹8.37 Cr | Open | |
| 16 Sep 2017 | 100129765 | Others | ₹5.75 Cr | Open | |
| 01 May 2012 | 10355547 | Punjab National Bank | ₹75 Cr | Open |
To see the full charge records of Jasmine Buildmart Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Jasmine Buildmart Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.66 Cr; the latest was in August 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2012 | Funding round | ₹62.32 Cr | Investors: Krrish Realtech Private Limited , 2 individuals |
| Jan 2012 | Funding round | ₹2.25 Cr | Investors: an individual |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2011 | Funding round | ₹9 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Jasmine Buildmart Private Limited has 104 court cases on record: 33 filed by Jasmine Buildmart, 71 filed against it. 42 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 32 | 18 |
| High courts | 27 | 14 | 11 |
| Supreme Court | 19 | 7 | 5 |
| NCLAT | 14 | 14 | 8 |
| NCLT | 4 | 4 | 0 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Krrish Realtech Pvt Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Krrish Realtech Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Kvell Infrastructure LLP and Ors and 2 others | Pending |
| High Court, UTTAR PRADESH | Writ petition | Filed against the company by M/S Ahluwalia Contracts (India) Ltd | Pending |
| Supreme Court | Appeal | Filed by the company against Ahluwalia Contracts (India) Ltd. | Pending |
To see the full case history of Jasmine Buildmart 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 Jasmine Buildmart Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Jasmine Buildmart 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 |
|---|---|---|
| Aventura Retailer Private Limited | U70200DL2017PTC313564 |
To see the full group structure of Jasmine Buildmart Private Limited, buy the company report.
Employees & EPFO
Jasmine Buildmart Private Limited has a workforce of 2 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Jasmine Buildmart has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCJ5119L1ZG | Delhi | Active | 01 Jul 2017 |
| 06AACCJ5119L1ZI | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jasmine Buildmart Private Limited, buy the company report.
Recent activity
Jasmine Buildmart Private Limited has 15 board changes on record since 2010: 4 appointments and 11 cessations. The latest: Devvart Rana was appointed as Irp/Rp/Liquidator on 11 Sep 2024.
16 earlier events are in the company report.
Frequently asked questions
Jasmine Buildmart 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.
Jasmine Buildmart is a company under insolvency, formerly operating as a 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 30 April 2010 and is registered under CIN U45400DL2010PTC202195. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jasmine Buildmart has 4 current directors:
- Satish Kumar Seth - Director
- Rajiv Narda - Director
- Amulya Kumar Mishra - Director
- Devvart Rana - Irp/Rp/Liquidator
The latest financial statements of Jasmine Buildmart on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 23 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jasmine Buildmart is U45400DL2010PTC202195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jasmine Buildmart has open charges of ₹94.85 Cr and satisfied charges of ₹27.5 Cr as per latest MCA filings.
Jasmine Buildmart has 104 court cases on record: 33 filed by the company and 71 filed against it. 42 are pending. Most are in the district courts.
Jasmine Buildmart was incorporated on 30 April 2010. It is registered with the Registrar of Companies, Delhi.
Jasmine Buildmart has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹64.66 Cr; the latest was in August 2017.
Devvart Rana was appointed as Irp/Rp/Liquidator on 11 Sep 2024. Amulya Kumar Mishra ceased to be Additional Director on 27 Sep 2017. Rajiv Narda ceased to be Additional Director on 27 Sep 2017. Jasmine Buildmart has 15 board changes on record in total.