About Aastha Buildhome Developers Private Limited
Data last updated:
Aastha Buildhome Developers Private Limited is a private limited company based in Jaipur, Rajasthan, 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 26 November 2008.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U45201RJ2008PTC027832. Its GSTIN is 08AAHCA4165E1ZT (Rajasthan).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹96.04 Lakh. It is led by directors Naresh Kumar Agarwal and Sanwar Lal Agarwal.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at E – 60 Girdhar Marg Malviya Nagar, Jaipur, Rajasthan, India – 302017.
As per the financials filed for FY 2020, the company reported a revenue of ₹95.33 Lakh, a growth of 65% compared to the previous year. For the same year it recorded a net loss of ₹74.47 Lakh (net margin -78.1%) and EBITDA of -₹25.59 Lakh (EBITDA margin -26.8%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 39% over five years.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹8 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 4 cases are pending.
The last known website on record is aasthagroup.org.
Company details
Contact details
Aastha Buildhome Developers Private Limited's registered office is in Jaipur, Rajasthan. Its website is aasthagroup.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE – 60 Girdhar Marg Malviya Nagar, Jaipur, Rajasthan, India – 302017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Aastha Buildhome Developers 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 Aastha Buildhome Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Aastha Buildhome Developers Private Limited, buy the company report.
Financials of Aastha Buildhome Developers Private Limited
FY 2020 filings availableAastha Buildhome Developers Private Limited reported revenue of ₹95.33 Lakh (up 65% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 65% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 39%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | -₹25.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹74.47 Lakh | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.8% | ||||
| Net Profit Margin | -78.1% | ||||
| 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 Aastha Buildhome Developers Private Limited, buy the company report.
Board of directors of Aastha Buildhome Developers Private Limited
Aastha Buildhome Developers has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kumar Agarwal Also directs: Aastha Realhome Developers LLP, Triayudh Constructions Private Limited, Vedang Colonizers Private Limited and 1 more | Director | 26 Nov 2008 | 17 Years 10 Months | As last reported |
| Sanwar Lal Agarwal | Director | 03 Jun 2017 | 9 Years 4 Months | As last reported |
Auditor
Aastha Buildhome Developers Private Limited is audited by M GUPTA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M GUPTA & CO | FY 2017 | 001906C |
Shareholding
The shareholding of Aastha Buildhome Developers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Aastha Buildhome Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2012 | 10356130 | Dewan Housing Finance Corporation Limited | ₹15 Cr | Open | |
| 19 Jul 2010 | 10230529 | Idbi Bank Limited | ₹2 Cr | Satisfied | |
| 10 Feb 2010 | 10201978 | Idbi Bank Limited | ₹6 Cr | Satisfied |
To see the full charge records of Aastha Buildhome Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Aastha Buildhome Developers Private Limited has 9 court cases on record: 1 filed by Aastha Buildhome Developers, 8 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 3 |
| District courts | 3 | 3 | 1 |
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by Ingenious Propcon Guru Pvt. Ltd. | Disposed |
| High Court of Rajasthan | Writ petition | Filed against the company by State of Rajasthan | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed against the company by State of Rajasthan | Pending |
| District court, Kolhapur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| High Court | Arbitration matter | Filed against the company by an individual | Pending |
To see the full case history of Aastha Buildhome Developers 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 Aastha Buildhome Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aastha Buildhome Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAHCA4165E1ZT | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aastha Buildhome Developers Private Limited, buy the company report.
Recent activity
Aastha Buildhome Developers Private Limited has 6 board changes on record since 2008: 2 appointments and 4 cessations. The latest: Sunil Kumar Sharma ceased to be Director on 19 Dec 2022.
4 earlier events are in the company report.
Frequently asked questions
Aastha Buildhome Developers 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.
Aastha Buildhome Developers is a company under insolvency, formerly operating as a private limited company based in Jaipur, Rajasthan, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 26 November 2008 and is registered under CIN U45201RJ2008PTC027832. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Aastha Buildhome Developers has 2 current directors:
- Naresh Kumar Agarwal - Director
- Sanwar Lal Agarwal - Director
The latest financial statements of Aastha Buildhome Developers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Aastha Buildhome Developers is U45201RJ2008PTC027832. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aastha Buildhome Developers has open charges of ₹15 Cr and satisfied charges of ₹8 Cr as per latest MCA filings.
Aastha Buildhome Developers has 9 court cases on record: 1 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.
Aastha Buildhome Developers was incorporated on 26 November 2008. It is registered with the Registrar of Companies, Jaipur.
Sunil Kumar Sharma ceased to be Director on 19 Dec 2022. Sanwar Lal Agarwal ceased to be Additional Director on 30 Sep 2017. Sanwar Lal Agarwal was appointed as Director on 03 Jun 2017. Aastha Buildhome Developers has 6 board changes on record in total.
Aastha Buildhome Developers can be reached through the website aasthagroup.org. Its registered office is in Jaipur, Rajasthan, India.