KD Lite Developers Private Limited
About KD Lite Developers Private Limited
Data last updated:
KD Lite Developers 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 02 August 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70101MH2012PTC234084. Its GSTIN is 27AAECK9069N1ZQ (Maharashtra).
The company has an authorised share capital of ₹11.1 Cr and a paid-up capital of ₹5.1 Cr. It is led by directors Pradeep Ramesh Ahire and Parikshit Madanmohan Sharma.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chembur Acharya Nag Chs Ltd Cts No 470 (Pt) Eastern Express Highway Village Chembur, Mumbai, Maharashtra, India – 400071.
As per the financials filed for FY 2022, the company reported a revenue of ₹10.63 Cr, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹12.95 Cr (net margin -121.8%) and EBITDA of ₹6.01 Cr (EBITDA margin 56.5%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 70% over five years.
As per MCA filings, the company has open charges of ₹70.45 Cr and satisfied charges of ₹90 Cr on record. Court records list 76 cases involving the company, including 18 filed by the company and 58 filed against it; 39 cases are pending. The company has 22 deals on record (13 secondary share transfers, 5 rights issues, 4 funding rounds), with disclosed funding of ₹7.61 Cr; the latest was in December 2015. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is Stoneage Builders & Developers Private Limited with revenue of ₹10.66 Cr.
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- Registered AddressChembur Acharya Nag Chs Ltd Cts No 470 (Pt) Eastern Express Highway Village Chembur, Mumbai, Maharashtra, India – 400071
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of KD Lite Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of KD Lite Developers Private Limited
FY 2023 filings availableKD Lite Developers Private Limited reported revenue of ₹10.63 Cr (down 90% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 90% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 70%. EBITDA rose 181% 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 2021-22 | FY 2017-18 to FY 2020-21in the company report |
|---|---|---|
| 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 | ₹6.01 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹12.95 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 2021-22 | FY 2017-18 to FY 2020-21in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 56.5% | |
| Net Profit Margin | -121.8% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2017-18 to FY 2020-21, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of KD Lite Developers are in the company report.
: available in the company report
Board of Directors of KD Lite Developers Private Limited
KD Lite Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Ramesh Ahire | Director | 30 May 2022 | 4 Years 4 Months | As last reported |
| Parikshit Madanmohan Sharma | Director | 29 Aug 2018 | 8 Years 1 Months | As last reported |
Peer Comparison
KD Lite Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Stoneage Builders & Developers Private Limited | ₹10.66 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Bhiwandi, Maharashtra, India |
| Narayan Agencies and Estates Private Limited. | ₹10.64 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Bhubaneswar, Odisha, India |
| Rituraj Steel Private Limited | ₹10.64 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bilaspur, Chhattisgarh, India |
| KD Lite Developers Private Limited this company | ₹10.63 Cr (FY 2022) | •••• | •••• | -90.0% | •••• | Mumbai, Maharashtra, India |
| RMS Infrastructure Private Limited | ₹10.63 Cr (FY 2024) | •••• | •••• | -32.0% | •••• | Chennai, Tamil Nadu, India |
| Chavala Ventures Private Limited | ₹10.63 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Hyderabad, Telangana, India |
Peers are the companies nearest to KD Lite Developers by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
KD Lite Developers Private Limited is audited by SARVESHWAR & CO LLP for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SARVESHWAR & CO LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Dec 2018 | Hdfc Bank Limited | ₹45.36 Lakh | Open |
| 05 Jan 2018 | Others | ₹70 Cr | Open |
| 27 Jan 2016 | India Infoline Finance Limited | ₹25 Cr | Satisfied |
| 17 Jan 2015 | India Infoline Housing Finance Limited | ₹35 Cr | Satisfied |
| 26 Sep 2012 | Idbi Trusteeship Services Limited | ₹30 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding
KD Lite Developers Private Limited has 22 deals on record (13 secondary share transfers, 5 rights issues, 4 funding rounds), with disclosed funding of ₹7.61 Cr; the latest was in December 2015.
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Secondary share transfer | Undisclosed | Seller: 360 ONE (IIFL Asset Management) |
| Oct 2015 | Secondary share transfer | Undisclosed | Seller: 360 ONE (IIFL Asset Management) |
| Mar 2015 | Rights issue | ₹1.74 Cr | Investors: Shree Sukhakarta Developers Private Limited , an individual Seller: Shree Sukhakarta Developers Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Shree Sukhakarta Developers Private Limited |
| Mar 2014 | Funding round | ₹87 Lakh | Investors: Shree Sukhakarta Developers Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
KD Lite Developers Private Limited has 76 court cases on record: 18 filed by KD Lite Developers, 58 filed against it. 39 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 44 | 36 | 18 |
| High courts | 21 | 12 | 16 |
| NCLT | 6 | 5 | 1 |
| NCLAT | 5 | 5 | 4 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Patel Integrated Logistics Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Shree Sukhakarta Developers Pvt Ltd and 6 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by One Capitall Limited | Pending |
| NCLT, NCLT Mumbai | Insolvency matter | Filed against the company by One Capitall Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Iifl Finance Limited Through Mr Rahul Doshi | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to KD Lite Developers.
: available in the company report
Recent Activity
KD Lite Developers Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Amit Mahendra Ruparel ceased to be Director on 30 May 2022.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
KD Lite Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECK9069N1ZQ | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
KD Lite Developers 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.
KD Lite Developers 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 02 August 2012 and is registered under CIN U70101MH2012PTC234084. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
KD Lite Developers has 2 current directors:
- Pradeep Ramesh Ahire - Director
- Parikshit Madanmohan Sharma - Director
The latest financial statements of KD Lite Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of KD Lite Developers is U70101MH2012PTC234084. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
KD Lite Developers has open charges of ₹70.45 Cr and satisfied charges of ₹90 Cr as per latest MCA filings.
KD Lite Developers has 76 court cases on record: 18 filed by the company and 58 filed against it. 39 are pending. Most are in the district courts.
KD Lite Developers was incorporated on 02 August 2012. It is registered with the Registrar of Companies, Mumbai.
KD Lite Developers has 22 deals on record (13 secondary share transfers, 5 rights issues, 4 funding rounds), with disclosed funding of ₹7.61 Cr; the latest was in December 2015.
The peers of KD Lite Developers by revenue are Stoneage Builders & Developers Private Limited, Narayan Agencies and Estates Private Limited, Rituraj Steel Private Limited, RMS Infrastructure Private Limited, Chavala Ventures Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Amit Mahendra Ruparel ceased to be Director on 30 May 2022. Pradeep Ramesh Ahire was appointed as Director on 30 May 2022. Parikshit Madanmohan Sharma ceased to be Additional Director on 29 Sep 2018. KD Lite Developers has 6 board changes on record in total.