Adarsh Properties Pvt Ltd
About Adarsh Properties Pvt Ltd
Data last updated:
Adarsh Properties Pvt Ltd is a private limited company based in Kolkata, West Bengal, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 August 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70109WB1962PTC025595.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jyoti Bafna and Vikash Bafna.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 11/1 – A Sarojini Naidu Sarani, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.63 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹18,513 (net margin 11.4%) and EBITDA of ₹1.02 Lakh (EBITDA margin 62.8%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹132.74 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 6 filed against it; 6 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Adarsh Properties Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address11/1 – A Sarojini Naidu Sarani, Kolkata, West Bengal, India – 700001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Adarsh Properties Pvt Ltd, 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 Adarsh Properties 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 Adarsh Properties Pvt Ltd, buy the company report.
Financials of Adarsh Properties Pvt Ltd
FY 2019 filings availableAdarsh Properties Pvt Ltd reported revenue of ₹1.63 Lakh (up 2% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 2% growth in the latest year. EBITDA rose 1% 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 |
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| EBITDA | ₹1.02 Lakh | ||||
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| Net Profit (PAT) | ₹18,513 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 62.8% | ||||
| Net Profit Margin | 11.4% | ||||
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To see the full financial statements and ratios of Adarsh Properties Pvt Ltd, buy the company report.
Board of directors of Adarsh Properties Pvt Ltd
Adarsh Properties 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 |
|---|---|---|---|---|
| Jyoti Bafna Also directs: Bafna Alumina Private Limited, Devi Vyapaar Private Limited, Vishal Commotrade Private Limited and 5 more | Director | 23 May 2022 | 4 Years 5 Months | Current |
| Vikash Bafna Also directs: Bafna Alumina Private Limited, Devi Vyapaar Private Limited, Vishal Commotrade Private Limited and 5 more | Director | 23 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Adarsh Properties Pvt Ltd 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 (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Axis Projects Private Limited | ₹1.63 Lakh (FY 2024) | 11.0% | Kolkata, West Bengal, India | |||
| Adarsh Properties Pvt Ltdthis company | ₹1.63 Lakh (FY 2019) | ₹18,513 | 11.4% | 2.0% | Kolkata, West Bengal, India | |
| Marten Buildwell Private Limited | ₹1.63 Lakh (FY 2024) | -14.0% | New Delhi, Delhi, India | |||
| Kuars Builders Private Limited | ₹1.63 Lakh (FY 2023) | 0.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Adarsh Properties Pvt Ltd, buy the company report.
Auditor
Adarsh Properties Pvt Ltd is audited by B Y JATANIA & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B Y JATANIA & CO | FY 2015 | 311010E |
Shareholding
The shareholding of Adarsh Properties Pvt Ltd is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Adarsh Properties Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 May 2008 | 10109825 | Others | ₹112.04 Cr | Open | |
| 25 Jul 2005 | 90253003 | Allahabad Bank | ₹20.7 Cr | Open |
To see the full charge records of Adarsh Properties Pvt Ltd, buy the company report.
Total charge records: 2 View all charges
Legal cases
Adarsh Properties Pvt Ltd has 10 court cases on record: 4 filed by Adarsh Properties, 6 filed against it. 6 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 5 |
| High courts | 4 | 1 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Writ petition | Filed by the company against The K. M. C. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Adarsh Properties Pvt Ltd, 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 Adarsh Properties Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Adarsh Properties Pvt Ltd; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Adarsh Properties Pvt Ltd has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Avijit Ghosal ceased to be Director on 23 May 2022.
4 earlier events are in the company report.
Frequently asked questions
Adarsh Properties is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 August 1962 (64+ years old) and is registered under CIN U70109WB1962PTC025595.
Adarsh Properties has 2 current directors:
- Jyoti Bafna - Director
- Vikash Bafna - Director
The latest financial statements of Adarsh Properties on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Adarsh Properties is U70109WB1962PTC025595. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Properties has 10 court cases on record: 4 filed by the company and 6 filed against it. 6 are pending. Most are in the district courts.
Adarsh Properties was incorporated on 09 August 1962, making it 64+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Adarsh Properties by revenue are Axis Projects Private Limited, Marten Buildwell Private Limited, Kuars Builders Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Avijit Ghosal ceased to be Director on 23 May 2022. Jyoti Bafna was appointed as Director on 23 May 2022. Pratap Dey ceased to be Director on 23 May 2022. Adarsh Properties has 9 board changes on record in total.
The registered office of Adarsh Properties is at 111 – A Sarojini Naidu Sarani, Kolkata, West Bengal, India – 700001.
Adarsh Properties operates in the real estate and construction industry, in the real estate builders and developers segment.
Adarsh Properties has open charges of ₹132.74 Cr and no satisfied charges on record as per latest MCA filings.