About Lokaa Developer Private Limited
Data last updated:
Lokaa Developer Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 September 2011.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70200TN2011PTC082157. Its GSTIN is 33AACCL0960F1ZX (Tamil Nadu).
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹50.54 Cr. It was formerly known as Leela Prime Properties Chennai Private Limited and Styleone Properties Private Limited. It is led by directors including Parasmal Santosh Sharma (Managing Director) and Kunjuri Murtyrao Satynarayana.
Its last annual general meeting (AGM) was held on 22 February 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at No.14 2nd Main Road Kannapan Nagar Extn Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041.
As per the financials filed for FY 2019, the company reported a revenue of ₹52.88 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹81.11 Lakh (net margin 1.5%) and EBITDA of ₹1.89 Cr (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 162% over three years.
The company has about 14 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹47.87 Cr and satisfied charges of ₹14 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 4 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.51 Cr; the latest was in March 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Lightstone Developers India Private Limited with revenue of ₹52.99 Cr.
The last known website on record is lokaa.in.
Company details
Name history
Lokaa Developer has undergone 2 name changes throughout its history. The company was previously known as Leela Prime Properties Chennai Private Limited, and Styleone Properties Private Limited. The current legal name is Lokaa Developer Private Limited.
| Company Name | Status |
|---|---|
| Lokaa Developer Private Limited | Current |
| Leela Prime Properties Chennai Private Limited | Previous |
| Styleone Properties Private Limited | Previous |
Contact details
Lokaa Developer Private Limited's registered office is in Chennai, Tamil Nadu. Its website is lokaa.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.14 2nd Main Road Kannapan Nagar Extn Thiruvanmiyur, Chennai, Tamil Nadu, India – 600041
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Lokaa Developer 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
Business activity
The main business activity of Lokaa Developer 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 Lokaa Developer Private Limited, buy the company report.
Financials of Lokaa Developer Private Limited
FY 2020 filings availableLokaa Developer Private Limited reported revenue of ₹52.88 Cr (up 6% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 162% over three years, including 6% growth in the latest year. EBITDA rose 37% 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 | ₹52.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.11 Lakh | ||||
| 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 | 3.6% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Lokaa Developer Private Limited, buy the company report.
Board of directors of Lokaa Developer Private Limited
Lokaa Developer has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunjuri Murtyrao Satynarayana Also directs: Quintegra Solutions Limited | Director | 30 Sep 2015 | 11 Years 0 Months | As last reported |
| Ramakrishnan Sadasivan | Irp/Rp/Liquidator | 24 Jun 2024 | 2 Years 3 Months | As last reported |
| Parasmal Santosh Sharma Also directs: Lokaa Realty Private Limited, Lokaa Luxury Homes Private Limited, Lokaa Builders Private Limited and 1 more | Managing Director | 02 Sep 2011 | 15 Years 1 Months | As last reported |
| Kalpana Sharma Also directs: Lokaa Realty Private Limited, Lokaa Luxury Homes Private Limited, Lokaa Builders Private Limited and 3 more | Director | 15 Jul 2014 | 12 Years 3 Months | As last reported |
Peer comparison
Lokaa Developer Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lightstone Developers India Private Limited | ₹52.99 Cr (FY 2023) | 52.0% | New Delhi, Delhi, India | |||
| PMK Contractors Private Limited | ₹52.97 Cr (FY 2025) | -23.0% | Kozhikode, Kerala, India | |||
| Lokaa Developer Private Limitedthis company | ₹52.88 Cr (FY 2019) | ₹81.11 Lakh | 1.5% | 6.0% | 14 | Chennai, Tamil Nadu, India |
| Sai Kalyan Builders and Developers Private Limited | ₹52.81 Cr (FY 2021) | -3.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Lokaa Developer Private Limited, buy the company report.
Auditor
Lokaa Developer Private Limited is audited by GOPAL SELVIN AND PARASAR for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOPAL SELVIN AND PARASAR | FY 2019 | 012672S |
Shareholding
The shareholding of Lokaa Developer Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Lokaa Developer Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2022 | 100619173 | Indian Overseas Bank | ₹2 Cr | Open | |
| 25 Jun 2021 | 100459079 | Others | ₹1.94 Cr | Open | |
| 29 Dec 2017 | 100163787 | Others | ₹3.93 Cr | Open | |
| 05 Jan 2017 | 100078405 | Others | ₹40 Cr | Open | |
| 11 Jun 2013 | 10438015 | Dewan Housing Finance Corporation Limited | ₹14 Cr | Satisfied |
To see the full charge records of Lokaa Developer Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Lokaa Developer Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.51 Cr; the latest was in March 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Funding round | ₹36.5 Cr | Investors: 2 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2015 | Funding round | ₹14.01 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lokaa Developer Private Limited has 13 court cases on record: 7 filed by Lokaa Developer, 6 filed against it. 4 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 7 | 0 | 4 |
| High courts | 4 | 4 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed by the company against an individual | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
To see the full case history of Lokaa Developer 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 Lokaa Developer Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Lokaa Developer has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Lokaa Developer Pride of Porur LLP | AAL-6251 |
To see the full group structure of Lokaa Developer Private Limited, buy the company report.
Employees & EPFO
Lokaa Developer Private Limited has a workforce of 14 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Lokaa Developer has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCL0960F1ZX | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lokaa Developer Private Limited, buy the company report.
Recent activity
Lokaa Developer Private Limited has 10 board changes on record since 2011: 4 appointments and 6 cessations. The latest: Ramakrishnan Sadasivan was appointed as Irp/Rp/Liquidator on 24 Jun 2024.
8 earlier events are in the company report.
Frequently asked questions
Lokaa Developer 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.
Lokaa Developer is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 02 September 2011 and is registered under CIN U70200TN2011PTC082157. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lokaa Developer has 4 current directors:
- Parasmal Santosh Sharma - Managing Director
- Kunjuri Murtyrao Satynarayana - Director
- Kalpana Sharma - Director
- Ramakrishnan Sadasivan - Irp/Rp/Liquidator
The latest financial statements of Lokaa Developer on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 22 February 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lokaa Developer is U70200TN2011PTC082157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lokaa Developer has open charges of ₹47.87 Cr and satisfied charges of ₹14 Cr as per latest MCA filings.
Lokaa Developer has 13 court cases on record: 7 filed by the company and 6 filed against it. 4 are pending. Most are in the nclat.
Lokaa Developer was incorporated on 02 September 2011. It is registered with the Registrar of Companies, Chennai.
Lokaa Developer has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹50.51 Cr; the latest was in March 2017.
The peers of Lokaa Developer by revenue are Lightstone Developers India Private Limited, PMK Contractors Private Limited, Sai Kalyan Builders and Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ramakrishnan Sadasivan was appointed as Irp/Rp/Liquidator on 24 Jun 2024. Vinod Kumar Jha ceased to be Director on 16 Jul 2021. Rameshwarlal Sharma Lalith Kumar ceased to be Director on 01 Aug 2020. Lokaa Developer has 10 board changes on record in total.