Laundry Project India Private Limited
About Laundry Project India Private Limited
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Laundry Project India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Das Star Ventures Private Limited. It operates in the facility management segment of the business services sector. It was incorporated on 05 September 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93010TN2011PTC082203. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹4.82 Lakh. It is led by directors Balachandar Ramachandran and Ravi Shankar Ganesh.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at New No: 61 Oldno : 33 M.G.Ramachandran Road Besant Nagar, Chennai, Tamil Nadu, India – 600090.
As per the financials filed for FY 2019, the company reported a revenue of ₹67.32 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net loss of ₹3.32 Cr (net margin -493.8%) and EBITDA of -₹1.78 Cr (EBITDA margin -264.7%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 27% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Parlay4d. As per MCA filings, the company has open charges of ₹6.4 Cr on record. Court records list 14 cases involving the company, including 2 filed by the company and 12 filed against it; 1 case is pending. The company has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹12.02 Cr; the latest was in March 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Laundry Project India Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No: 61 Oldno : 33 M.G.Ramachandran Road Besant Nagar, Chennai, Tamil Nadu, India – 600090
- IndustryBusiness Services, Facility Management
To see the full contact details of Laundry Project India 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
Brands
Laundry Project India operates one associated brand: Parlay4d. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Parlay4d is recognized as an online gaming platform provider. | wassupondemand.com |
Financials of Laundry Project India Private Limited
FY 2021 filings availableLaundry Project India Private Limited reported revenue of ₹67.32 Lakh (down 79% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 79% fall 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 | ₹67.32 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.32 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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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 | -264.7% | ||||
| Net Profit Margin | -493.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Laundry Project India Private Limited, buy the company report.
Board of directors of Laundry Project India Private Limited
Laundry Project India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Shankar Ganesh | Additional Director | 21 Mar 2024 | 2 Years 7 Months | Current |
| Balachandar Ramachandran Also directs: Super Capital Advisors LLP, Bigbox Retailtech Solutions LLP, Chennai Infrahomes LLP and 5 more | Director | 05 Sep 2011 | 15 Years 1 Months | Current |
Shareholding
The shareholding of Laundry Project India Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Laundry Project India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Feb 2014 | 10593373 | Canara Bank | ₹6.4 Cr | Open |
To see the full charge records of Laundry Project India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Laundry Project India Private Limited has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹12.02 Cr; the latest was in March 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Funding round · Series E | ₹1.02 Cr | Investors: 4 individuals |
| Nov 2016 | Funding round · Series D | ₹15 Lakh | Investors: an individual |
| May 2016 | Funding round · Series C | ₹33.5 Lakh | Investors: 3 individuals |
| Mar 2016 | Funding round · Series B | ₹5 Cr | Investors: an individual |
| Mar 2014 | Funding round · Series A | ₹4.44 Cr | Investors: Das Star Ventures, 3 individuals |
To see the full deal history of Laundry Project India 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
Laundry Project India Private Limited has 14 court cases on record: 2 filed by Laundry Project India, 12 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruvallur, Tamil Nadu | Criminal complaint | Filed against the company by Sree Gokulam Chit and Finance Co Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| High Court | Arbitration matter | Filed against the company by Vitwo Business Solutions LLP | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S. HDFC Bank Limited | Disposed |
To see the full case history of Laundry Project India 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 Laundry Project India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Laundry Project India Private Limited has a workforce of 10 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Laundry Project India has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Laundry Project India Private Limited, buy the company report.
Recent activity
Laundry Project India Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Durga Das ceased to be Director on 21 Mar 2024.
News
Frequently asked questions
Laundry Project India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in facility management, within the business services industry. It was incorporated on 05 September 2011 (15+ years old) and is registered under CIN U93010TN2011PTC082203.
Laundry Project India has 2 current directors:
- Ravi Shankar Ganesh - Additional Director
- Balachandar Ramachandran - Director
The latest financial statements of Laundry Project India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
No. Laundry Project India has 3 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Laundry Project India is U93010TN2011PTC082203. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laundry Project India has 14 court cases on record: 2 filed by the company and 12 filed against it. 1 is pending. Most are in the district courts.
Laundry Project India was incorporated on 05 September 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
Laundry Project India has 7 deals on record (6 funding rounds, 1 secondary share transfer), with disclosed funding of ₹12.02 Cr; the latest was in March 2019.
Durga Das ceased to be Director on 21 Mar 2024. Ravi Shankar Ganesh was appointed as Additional Director on 21 Mar 2024. Anil Jain ceased to be Director on 06 Mar 2017. Laundry Project India has 5 board changes on record in total.
The registered office of Laundry Project India is at New No: 61 Oldno : 33 M.G.Ramachandran Road Besant Nagar, Chennai, Tamil Nadu, India – 600090.