About Logix Infratech Private Limited
Data last updated:
Logix Infratech Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Logix Soft-Tel Private Limited. 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 13 May 2010.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2010PTC202613. Its GSTIN is 09AABCL8158J1Z2 (Uttar Pradesh).
The company has an authorised share capital of ₹77.67 Cr and a paid-up capital of ₹37.17 Cr. It is led by directors Davender Mohan Saxena and Mukesh Mohan Shrivastava.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Dgl006 Ground Floor DLF Galleria Mayur Vihar Phase – I, New Delhi, Delhi, India – 110091.
As per the financials filed for FY 2021, the company reported a revenue of ₹29.96 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹47.56 Cr (net margin -158.7%) and EBITDA of -₹6.69 Lakh (EBITDA margin -0.2%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 10% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Logix Group. As per MCA filings, the company has satisfied charges of ₹596.5 Cr on record. Court records list 61 cases involving the company, including 1 filed by the company and 60 filed against it; 26 cases are pending. The company has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹100.41 Cr; the latest was in June 2016.
The last known website on record is logixgroup.in.
Company details
Contact details
Logix Infratech Private Limited's registered office is in New Delhi, Delhi. Its website is logixgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressDgl006 Ground Floor DLF Galleria Mayur Vihar Phase – I, New Delhi, Delhi, India – 110091
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Logix Infratech 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
Logix Infratech operates one associated brand: Logix Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial and residential properties are developed in India. | logixgroup.in |
Business activity
The main business activity of Logix Infratech 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 Logix Infratech Private Limited, buy the company report.
Financials of Logix Infratech Private Limited
FY 2021 filings availableLogix Infratech Private Limited reported revenue of ₹29.96 Cr (down 44% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 44% fall in the latest year. EBITDA rose 100% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | -₹6.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹47.56 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -158.7% | ||||
| 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 Logix Infratech Private Limited, buy the company report.
Board of directors of Logix Infratech Private Limited
Logix Infratech has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Davender Mohan Saxena Also directs: Logix Estates Private Limited, Logix Developers Private Limited, Logix Realty Developers Private Limited and 3 more | Director | 12 Dec 2016 | 9 Years 10 Months | As last reported |
| Mukesh Mohan Shrivastava Also directs: Logix Developers Private Limited, Contend Builders Private Limited, Astral Alcobev Private Limited and 3 more | Director | 06 Apr 2017 | 9 Years 6 Months | As last reported |
Auditor
Logix Infratech Private Limited is audited by SAXENA SINGHAL & VAID for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SAXENA SINGHAL & VAID | FY 2020 | 003284N |
Shareholding
The shareholding of Logix Infratech Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Logix Infratech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100055448 | Idbi Trusteeship Services Limited | ₹400 Cr | Satisfied | |
| 20 Dec 2011 | 10335718 | Syndicate Bank | ₹80 Cr | Satisfied | |
| 20 Jun 2011 | 10296678 | Canara Bank | ₹76 Cr | Satisfied | |
| 22 Mar 2011 | 10340880 | Icici Prudential Asset Management Company Limited | ₹40.5 Cr | Satisfied |
To see the full charge records of Logix Infratech Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Logix Infratech Private Limited has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹100.41 Cr; the latest was in June 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Logix Soft-Tel Private Limited Seller: Icici Prudential Asset Management Company Limited |
| Jul 2015 | Acquisition | Undisclosed | Buyer: Logix Soft-Tel Private Limited Seller: India Opportunity Real Estate Fund |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: India Opportunity Real Estate Fund Seller: ICICI Opportunity Real Estate Fund |
| Mar 2011 | Debt financing | ₹40.5 Cr | Investors: Icici Prudential Asset Management Company Limited |
| Aug 2010 | Funding round | ₹30.5 Cr | Investors: Logix Soft-Tel Private Limited, VC Solutions Private Limited , Logix Buildcon Private Limited |
To see the full deal history of Logix Infratech 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
Logix Infratech Private Limited has 61 court cases on record: 1 filed by Logix Infratech, 60 filed against it. 26 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 39 | 39 | 24 |
| District courts | 13 | 13 | 1 |
| High courts | 6 | 5 | 1 |
| NCLT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Commercial suit | Filed against the company by M/S Bhasin Associates Projects Pvt Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Colliers International India Property Services Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Pending |
To see the full case history of Logix Infratech 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.
Credit ratings & regulatory alerts
Logix Infratech Private Limited was last rated by Icra on 17 Feb 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Feb 2015 |
To see the full credit ratings and regulatory alerts of Logix Infratech Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Logix Infratech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Logix Infratech Private Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Logix Infratech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCL8158J1Z2 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Logix Infratech Private Limited, buy the company report.
Recent activity
Logix Infratech Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Mukesh Mohan Shrivastava was appointed as Director on 06 Apr 2017.
8 earlier events are in the company report.
News
Frequently asked questions
Logix Infratech 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.
Logix Infratech 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 13 May 2010 and is registered under CIN U70101DL2010PTC202613. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Logix Infratech has 2 current directors:
- Davender Mohan Saxena - Director
- Mukesh Mohan Shrivastava - Director
The latest financial statements of Logix Infratech on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Logix Infratech is U70101DL2010PTC202613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Logix Infratech has no open charges and satisfied charges of ₹596.5 Cr as per latest MCA filings.
Logix Infratech has 61 court cases on record: 1 filed by the company and 60 filed against it. 26 are pending. Most are in the nclat.
Logix Infratech was incorporated on 13 May 2010. It is registered with the Registrar of Companies, Delhi.
Logix Infratech has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹100.41 Cr; the latest was in June 2016.
Mukesh Mohan Shrivastava was appointed as Director on 06 Apr 2017. Davender Mohan Saxena was appointed as Director on 12 Dec 2016. Karan Israni ceased to be Additional Director on 30 Sep 2016. Logix Infratech has 7 board changes on record in total.