Maan Sarovar Properties Development Private Limited
About Maan Sarovar Properties Development Private Limited
Data last updated:
Maan Sarovar Properties Development 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 04 February 1992.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45201TN1992PTC022124. Its GSTIN is 33AAACM6304Q1ZD (Tamil Nadu).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹3.87 Cr. It is led by directors Naveen Jain and Nalin Gulechha.
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 No.33/2 Gangai Street Kalashethra Colony Besant Nagar Extension Besant Nagar, Chennai, Tamil Nadu, India – 600090.
As per the financials filed for FY 2018, the company reported a revenue of ₹91.63 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹4.15 Lakh (net margin -4.5%) and EBITDA of -₹3.04 Lakh (EBITDA margin -3.3%). Revenue has grown at a compounded annual rate (CAGR) of 131% over three years.
As per MCA filings, the company has open charges of ₹139.63 Cr and satisfied charges of ₹59.85 Cr on record. Court records list 51 cases involving the company, including 11 filed by the company and 40 filed against it; 4 cases are pending.
Company details
Contact details
Maan Sarovar Properties Development 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 AddressNo.33/2 Gangai Street Kalashethra Colony Besant Nagar Extension Besant Nagar, Chennai, Tamil Nadu, India – 600090
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Maan Sarovar Properties Development 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 Maan Sarovar Properties Development 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 Maan Sarovar Properties Development Private Limited, buy the company report.
Financials of Maan Sarovar Properties Development Private Limited
FY 2021 filings availableMaan Sarovar Properties Development Private Limited reported revenue of ₹91.63 Lakh (up 8% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 131% over three years, including 8% growth in the latest year. EBITDA rose 80% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹91.63 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹3.04 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹4.15 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Inventories | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -3.3% | |||
| Net Profit Margin | -4.5% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Maan Sarovar Properties Development Private Limited, buy the company report.
Board of directors and KMP of Maan Sarovar Properties Development Private Limited
Maan Sarovar Properties Development Private Limited currently reports 2 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Jain | Director | 04 Feb 1992 | 34 Years 8 Months | As last reported |
| Nalin Gulechha | Additional Director | 01 Oct 2018 | 8 Years 0 Months | As last reported |
| Navneet Jain | Ceo | 05 Oct 2018 | 8 Years 0 Months | As last reported |
Auditor
Maan Sarovar Properties Development Private Limited is audited by MANI & SRIDHARAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANI & SRIDHARAN | FY 2018 | 001967S |
Shareholding
The shareholding of Maan Sarovar Properties Development Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maan Sarovar Properties Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2013 | 10424980 | Reliance Net Limited | ₹66 Cr | Open | |
| 26 Apr 2013 | 10424146 | Reliance Capital Ltd | ₹15 Cr | Open | |
| 29 Sep 2009 | 10218727 | Reliance Asset Reconstruction Company Limited | ₹10 Cr | Open | |
| 07 Nov 2008 | 10137163 | Corporation Bank | ₹12.5 Cr | Open | |
| 16 Aug 2008 | 10123491 | Reliance Capital Ltd | ₹36.13 Cr | Open |
To see the full charge records of Maan Sarovar Properties Development Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Maan Sarovar Properties Development Private Limited has 51 court cases on record: 11 filed by Maan Sarovar Properties Development, 40 filed against it. 4 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 24 | 0 |
| High courts | 12 | 8 | 4 |
| NCLT | 6 | 6 | 0 |
| Supreme Court | 4 | 0 | 0 |
| NCLAT | 2 | 2 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Reliance Net Ltd | Disposed |
| NCLT, Chennai | Insolvency matter | Filed against the company by Reliance Net Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Max Hypermarket India Private Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Reliance Net Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Max Hypermarket India Private Limited | Disposed |
To see the full case history of Maan Sarovar Properties Development 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 Maan Sarovar Properties Development Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maan Sarovar Properties Development Private Limited has 1 active EPFO establishment as of Mar 31, 2024.
GST
Maan Sarovar Properties Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM6304Q1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maan Sarovar Properties Development Private Limited, buy the company report.
Recent activity
Maan Sarovar Properties Development Private Limited has 7 board changes on record since 1992: 3 appointments and 4 cessations. The latest: Navneet Jain was appointed as CEO on 05 Oct 2018.
22 earlier events are in the company report.
Frequently asked questions
Maan Sarovar Properties Development 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.
Maan Sarovar Properties Development 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 04 February 1992 and is registered under CIN U45201TN1992PTC022124. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Maan Sarovar Properties Development has 3 current directors and KMP:
- Naveen Jain - Director
- Nalin Gulechha - Additional Director
- Navneet Jain - Ceo
The latest financial statements of Maan Sarovar Properties Development 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.
The CIN (Corporate Identification Number) of Maan Sarovar Properties Development is U45201TN1992PTC022124. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maan Sarovar Properties Development has open charges of ₹139.63 Cr and satisfied charges of ₹59.85 Cr as per latest MCA filings.
Maan Sarovar Properties Development has 51 court cases on record: 11 filed by the company and 40 filed against it. 4 are pending. Most are in the district courts.
Maan Sarovar Properties Development was incorporated on 04 February 1992. It is registered with the Registrar of Companies, Chennai.
Navneet Jain was appointed as CEO on 05 Oct 2018. Navneet Jain ceased to be Director on 05 Oct 2018. Nalin Gulechha was appointed as Additional Director on 01 Oct 2018. Maan Sarovar Properties Development has 7 board changes on record in total.
The registered office of Maan Sarovar Properties Development is at No.332 Gangai Street Kalashethra Colony Besant Nagar Extension Besant Nagar, Chennai, Tamil Nadu, India – 600090.