About Lodha Development Management Private Limited
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Lodha Development Management Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate leasing and property management segment of the real estate sector. It was incorporated on 27 July 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2015PTC266875. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,000. It was led by directors Sandeep Krishna Saxena and Ashokkumar Sureshchandra Tiwari.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011.
As per the financials filed for FY 2018, the company reported a revenue of ₹37.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹22.31 Cr (net margin -59.6%) and EBITDA of -₹20.08 Cr (EBITDA margin -53.7%).
Its group structure included 6 subsidiaries.
Court records list 5 cases involving the company, including 5 filed against it; 1 case is pending.
The last known website on record is lodhaventures.com.
Company details
Contact details
Lodha Development Management Private Limited's registered office is in Mumbai, Maharashtra. Its website is lodhaventures.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Lodha Development Management 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
Financials of Lodha Development Management Private Limited
FY 2017 filings availableLodha Development Management Private Limited reported revenue of ₹37.41 Cr (up 1671% YoY) for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | -₹20.08 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹22.31 Cr | ||
| Balance Sheet | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -53.7% | ||
| Net Profit Margin | -59.6% | ||
| 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 Lodha Development Management Private Limited, buy the company report.
Board of directors of Lodha Development Management Private Limited
Lodha Development Management has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Krishna Saxena Also directs: Tomorrow Capital Enterprises Private Limited, Tomorrow Capital Holdings Private Limited, Jnana Haven Private Limited and 5 more | Director | 03 Jul 2017 | 9 Years 3 Months | As last reported |
| Ashokkumar Sureshchandra Tiwari | Director | 11 Jun 2018 | 8 Years 4 Months | As last reported |
Auditor
Lodha Development Management Private Limited is audited by Subbaraman Sankar & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Subbaraman Sankar & Co. | FY 2017 | 110447W |
Shareholding
The shareholding of Lodha Development Management Private 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 Lodha Development Management Private Limited, buy the company report.
Legal cases
Lodha Development Management Private Limited has 5 court cases on record: 5 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 3 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Icici Bank Limited Through Its Authorized Representative Registered Office at Icici Bank Tower, Near Chakli Circle, Old Padra Road, ,Vadodara , Gujarat | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Icici Bank Limited | Disposed |
| NCLAT, Court II | Tribunal matter | Filed against the company by State Bank of India | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Taguda Pte. Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
To see the full case history of Lodha Development Management 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 Lodha Development Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Lodha Development Management has 6 subsidiary 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 |
|---|---|---|
| Lodha Infratech Private Limited | U45100MH2015PTC266764 | |
| Manan Finserve Private Limited | U65910MH1996PTC257051 | |
| Lodha Finserv Private Limited | U65923MH2008PTC178844 | |
| Lodha Housing Finance Private Limited | U65923MH2015PTC267193 | |
| Lodha Ventures Holdings Private Limited | U65999MH2007PTC168259 | |
| Finovate Technology Private Limited | U67190MH2016PTC281901 |
To see the full group structure of Lodha Development Management Private Limited, buy the company report.
GST
Lodha Development Management has 2 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 Lodha Development Management Private Limited, buy the company report.
Recent activity
Lodha Development Management Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Ashokkumar Sureshchandra Tiwari ceased to be Additional Director on 30 Nov 2018.
Frequently asked questions
Lodha Development Management has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Lodha Development Management was a private limited company based in Mumbai, Maharashtra, India. The company worked in real estate leasing, within the real estate industry. It was incorporated on 27 July 2015 and is registered under CIN U70102MH2015PTC266875. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Lodha Development Management was incorporated on 27 July 2015. It is registered with the Registrar of Companies, Mumbai.
Lodha Development Management had 2 directors:
- Sandeep Krishna Saxena - Director
- Ashokkumar Sureshchandra Tiwari - Director
The CIN (Corporate Identification Number) of Lodha Development Management is U70102MH2015PTC266875. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Lodha Development Management is at 7th Floor Lodha Excelus Apollo Mills Compound N. M. Joshi Marg Mahalaxmi, Mumbai, Maharashtra, India – 400011.
Lodha Development Management can be reached through the website lodhaventures.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Lodha Development Management on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from FY 2016 are in the company report.
No. Lodha Development Management has 2 GST registrations on record and all of them are cancelled or inactive.
Lodha Development Management operated in the real estate industry, in the real estate leasing segment.