About Lavasa Corporation Limited
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Lavasa Corporation Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Hcc Real Estate Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 11 February 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2000PLC187834. Its GSTIN is 27AABCT4435E2ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3,650 Cr and a paid-up capital of ₹795.94 Cr. It is led by directors including Udayraj Ratnakar Patwardhan (Irp/Rp/Liquidator) and Madhavi Vijay Narkar.
Its last annual general meeting (AGM) was held on 15 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Hincon House Lal Bahadur Shastri Marg, Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2017, the company reported a revenue of ₹609.49 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹715.48 Cr (net margin -117.4%) and EBITDA of -₹11.8 Cr (EBITDA margin -1.9%).
The company has about 28 employees on its provident fund (EPFO) records. Its group structure includes 33 subsidiaries.
The company is associated with 1 brand: Lavasa. As per MCA filings, the company has open charges of ₹6,663.43 Cr and satisfied charges of ₹1,360.47 Cr on record. Court records list 212 cases involving the company, including 47 filed by the company and 165 filed against it; 72 cases are pending. The company has 23 deals on record (11 funding rounds, 11 secondary share transfers, 1 debt financing), with disclosed funding of ₹1,299.73 Cr; the latest was in December 2015.
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 lavasa.com.
Company details
CIN history
Lavasa Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U55101MH2000PLC187834, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH2000PLC187834 | Current |
| U55101PN2000PLC014474 | Previous |
| U55101PN2000PLC023246 | Previous |
Contact details
Lavasa Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is lavasa.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressHincon House Lal Bahadur Shastri Marg, Mumbai, Maharashtra, India – 400083
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Lavasa Corporation 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
Lavasa Corporation operates one associated brand: Lavasa. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operator of apartments | lavasa.com |
Business activity
The main business activity of Lavasa Corporation 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 Lavasa Corporation Limited, buy the company report.
Financials of Lavasa Corporation Limited
FY 2017 filings availableLavasa Corporation Limited reported revenue of ₹609.49 Cr (down 58% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 58% in the latest year. EBITDA fell 103% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹609.49 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹11.8 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹715.48 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -1.9% | ||
| Net Profit Margin | -117.4% | ||
| 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 | |||
To see the full financial statements and ratios of Lavasa Corporation Limited, buy the company report.
Board of directors and KMP of Lavasa Corporation Limited
Lavasa Corporation Limited currently reports 4 directors and 1 key managerial person. 37 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhavi Vijay Narkar | Additional Director | 08 May 2018 | 8 Years 5 Months | Current |
| Pragnesh Umershi Lodaya | Additional Director | 09 May 2018 | 8 Years 5 Months | Current |
| Sanjay Kumar Johar | Additional Director | 09 May 2018 | 8 Years 5 Months | Current |
| Praveen Sood Also directs: Dasve Convention Center Limited | Ceo | 19 May 2017 | 9 Years 5 Months | Current |
| Udayraj Ratnakar Patwardhan Also directs: Palnitkar & Patwardhan LLP, Capsbworth Consultancy Private Limited, Capsworth Consultancy Private Limited and 3 more | Irp/Rp/Liquidator | 03 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Lavasa Corporation Limited is audited by G.D.APTE AND COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G.D.APTE AND COMPANY | FY 2017 | 100515W |
Shareholding
The shareholding of Lavasa Corporation Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lavasa Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2016 | 100021325 | Others | ₹1,941.68 Cr | Open | |
| 30 Jun 2015 | 10580850 | Bank of Baroda | ₹15 Cr | Open | |
| 29 Jun 2015 | 10578995 | Corporation Bank | ₹2 Cr | Open | |
| 29 Jun 2015 | 10579000 | Central Bank of India | ₹20 Cr | Open | |
| 29 May 2015 | 10573852 | Oriental Bank of Commerce | ₹6.66 Cr | Open |
To see the full charge records of Lavasa Corporation Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Lavasa Corporation Limited has 23 deals on record (11 funding rounds, 11 secondary share transfers, 1 debt financing), with disclosed funding of ₹1,299.73 Cr; the latest was in December 2015.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2015 | Funding round | ₹525 Cr | Investors: Axis Bank Limited |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: Axis Bank Limited Seller: Hincon Finance Ltd. |
| Mar 2012 | Funding round | ₹90 Cr | Investors: Hrel Real Estate Limited , Avantha Realty Limited , 2 individuals |
| Feb 2012 | Secondary share transfer | Undisclosed | Seller: Hrel Real Estate Limited , Avantha Realty Limited , Hincon Finance Ltd. , an individual |
| Feb 2012 | Funding round | ₹220 Cr | Investors: Hrel Real Estate Limited , Avantha Realty Limited , 2 individuals |
To see the full deal history of Lavasa Corporation 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
Lavasa Corporation Limited has 212 court cases on record: 47 filed by Lavasa Corporation, 165 filed against it. 72 cases are pending and 140 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 93 | 83 | 50 |
| High courts | 90 | 60 | 11 |
| NCLAT | 18 | 17 | 7 |
| Supreme Court | 9 | 3 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 212)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Jenjon Retail and Services Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Maharashtra State Electricity Distribution Company Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Darwin Platform Infrastructure Ltd.& Ors. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Jenjon Retail and Services Pvt. Ltd. and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Axis Trustee Services Limited | Disposed |
To see the full case history of Lavasa Corporation 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 Lavasa Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Lavasa Corporation has 33 subsidiary companies and 4 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Warasgaon Power Supply Limited | U40101MH2010PLC200845 | |
| Warasgaon Infrastructure Providers Limited | U45200MH2010PLC201647 | |
| Future City Multiservices Sez Limited | U45400MH2009PLC197467 | |
| Hill City Service Apartments Limited | U45400MH2010PLC201322 | |
| Dasve Retail Limited | U51109MH2008PLC187367 | |
| Lavasa Hotel Limited | U55100MH2007PLC173728 |
To see the full group structure of Lavasa Corporation Limited, buy the company report.
Employees & EPFO
Lavasa Corporation Limited has a workforce of 28 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Lavasa Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT4435E2ZI | Maharashtra | Active | 21 Mar 2020 |
To see the full GST registrations and return filing status of Lavasa Corporation Limited, buy the company report.
Recent activity
Lavasa Corporation Limited has 41 board changes on record since 2007: 5 appointments and 36 cessations. The latest: Udayraj Ratnakar Patwardhan was appointed as Irp/Rp/Liquidator on 03 Dec 2025.
100 earlier events are in the company report.
News
Frequently asked questions
Lavasa Corporation is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 11 February 2000 (26+ years old) and is registered under CIN U55101MH2000PLC187834.
Lavasa Corporation has 5 current directors and KMP:
- Madhavi Vijay Narkar - Additional Director
- Pragnesh Umershi Lodaya - Additional Director
- Sanjay Kumar Johar - Additional Director
- Praveen Sood - Ceo
- Udayraj Ratnakar Patwardhan - Irp/Rp/Liquidator
The latest financial statements of Lavasa Corporation on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 15 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Lavasa Corporation is 27AABCT4435E2ZI, registered in Maharashtra. 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 Lavasa Corporation is U55101MH2000PLC187834. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lavasa Corporation has 212 court cases on record: 47 filed by the company and 165 filed against it. 72 are pending. Most are in the district courts.
Lavasa Corporation was incorporated on 11 February 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Lavasa Corporation has 23 deals on record (11 funding rounds, 11 secondary share transfers, 1 debt financing), with disclosed funding of ₹1,299.73 Cr; the latest was in December 2015.
Udayraj Ratnakar Patwardhan was appointed as Irp/Rp/Liquidator on 03 Dec 2025. Sanjay Kumar Johar ceased to be Additional Director on 30 May 2019. Edna Victor Maclaine ceased to be Director on 11 May 2018. Lavasa Corporation has 41 board changes on record in total.
Lavasa Corporation can be reached through the website lavasa.com. Its registered office is in Mumbai, Maharashtra, India.