About Buoyant Technology Constellations Private Limited
Data last updated:
Buoyant Technology Constellations Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Waterwalk Apartments 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 23 July 2007.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2007PTC043436. Its GSTIN is 29AAFCM1653D1ZM (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹33 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Abode Technology Constellations Private Limited and Technology Builders Private Limited. It is led by directors including Devesh Sharma and Thippareddygari Harikrishna Reddy.
Its last annual general meeting (AGM) was held on 30 November 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C – 5 Rich Homes, No 5/1 Richmond Road Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2023, the company reported a revenue of ₹78.79 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹28.24 Cr (net margin -35.8%) and EBITDA of -₹6.3 Cr (EBITDA margin -8%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹1,120 Cr and satisfied charges of ₹610 Cr on record. Court records list 86 cases involving the company, including 36 filed by the company and 50 filed against it; 33 cases are pending. The company has 9 deals on record (4 debt financings, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹454.8 Cr; the latest was in September 2014.
The last known website on record is mantri.in.
Company details
Name history
Buoyant Technology Constellations has undergone 8 name changes throughout its history. The current legal name is Buoyant Technology Constellations Private Limited.
| Company Name | Status |
|---|---|
| Buoyant Technology Constellations Private Limited | Current |
| Abode Technology Constellations Private Limited | Previous |
| Technology Builders Private Limited | Previous |
| Tech Build Constructions Private Limited | Previous |
| Technology Buildcon Private Limited | Previous |
| Technology Constructions Private Limited | Previous |
| Mantri Technology Constellations Private Limited | Previous |
| Technology Buildtech Private Limited | Previous |
Contact details
Buoyant Technology Constellations Private Limited's registered office is in Bangalore, Karnataka. Its website is mantri.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 5 Rich Homes, No 5/1 Richmond Road Bangalore, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Buoyant Technology Constellations 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 Buoyant Technology Constellations is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Buoyant Technology Constellations Private Limited, buy the company report.
Financials of Buoyant Technology Constellations Private Limited
FY 2023 filings availableBuoyant Technology Constellations Private Limited reported revenue of ₹78.79 Cr (down 88% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 88% fall in the latest year. EBITDA fell 117% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹78.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹28.24 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8% | ||||
| Net Profit Margin | -35.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Buoyant Technology Constellations Private Limited, buy the company report.
Board of directors of Buoyant Technology Constellations Private Limited
Buoyant Technology Constellations has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devesh Sharma | Director | 21 Nov 2019 | 6 Years 11 Months | As last reported |
| Thippareddygari Harikrishna Reddy | Director | 26 Nov 2020 | 5 Years 11 Months | As last reported |
| Methuku Srinivas Also directs: Castles Vista Private Limited, Pratibha Realtors Private Limited, Minerva Infra Tech Private Limited and 5 more | Director | 21 Nov 2019 | 6 Years 11 Months | As last reported |
| Sanjeev Jain Kumar Also directs: Amicus Insolvency and Turnaround Services LLP, VR Konkan Private Limited, Green Planet Logistics Private Limited and 5 more | Director | 21 Nov 2019 | 6 Years 11 Months | As last reported |
Auditor
Buoyant Technology Constellations Private Limited is audited by K.K. Rao & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.K. Rao & Associates | FY 2023 | 010757S |
Shareholding
The shareholding of Buoyant Technology Constellations Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Buoyant Technology Constellations Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2017 | 100100069 | Others | ₹350 Cr | Open | |
| 20 Jan 2017 | 100080178 | Others | ₹250 Cr | Open | |
| 07 Jan 2017 | 100078418 | Others | ₹350 Cr | Open | |
| 27 Oct 2016 | 100070634 | Others | ₹170 Cr | Open | |
| 30 Jul 2015 | 10586063 | Aditya Birla Finance Limited | ₹100 Cr | Satisfied |
To see the full charge records of Buoyant Technology Constellations Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Buoyant Technology Constellations Private Limited has 9 deals on record (4 debt financings, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹454.8 Cr; the latest was in September 2014.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Debt financing | ₹27.87 Cr | Investors: Castles Vista Private Limited |
| Jun 2012 | Funding round | ₹1.6 Cr | Investors: Waterwalk Apartments Private Limited , Ammon Holdings I Pte Limited, Rodos Holdings Pte Limited |
| Mar 2012 | Debt financing | ₹37.85 Cr | Investors: Ustesta Limited, Zagreus Investments Limited, Waterwalk Apartments Private Limited |
| Dec 2011 | Funding round | ₹3.01 Cr | Investors: Waterwalk Apartments Private Limited , Xander Investment Holding XXIII Limited |
| Mar 2011 | Debt financing | ₹284.19 Cr | Investors: Ustesta Limited, Waterwalk Apartments Private Limited , Zagreus Investments Limited |
To see the full deal history of Buoyant Technology Constellations 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
Buoyant Technology Constellations Private Limited has 86 court cases on record: 36 filed by Buoyant Technology Constellations, 50 filed against it. 33 cases are pending and 53 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 43 | 26 | 22 |
| District courts | 27 | 12 | 9 |
| NCLT | 6 | 5 | 1 |
| NCLAT | 6 | 6 | 0 |
| Supreme Court | 4 | 1 | 1 |
Cases on record (5 of 86)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Asset Reconstruction Company (India) Ltd., | Pending |
| NCLT, NCLT Bengaluru | Insolvency matter | Filed against the company by Waterwalk Apartments Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by Asset Reconstruction Company India Limited (Arcil) | Pending |
| High Court, KARNATAKA | Court case (CCC) | Filed against the company by Manyata Infrastructure Developments Private Ltd., and 1 other | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Plaza Agencies Pvt Ltd | Pending |
To see the full case history of Buoyant Technology Constellations 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 Buoyant Technology Constellations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Buoyant Technology Constellations has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM1653D1ZM | Karnataka | Active | 01 Jul 2017 |
| 33AAFCM1653D1ZX | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAFCM1653D1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Buoyant Technology Constellations Private Limited, buy the company report.
Recent activity
Buoyant Technology Constellations Private Limited has 23 board changes on record since 2007: 4 appointments and 19 cessations. The latest: Thippareddygari Harikrishna Reddy ceased to be Additional Director on 14 Jul 2023.
38 earlier events are in the company report.
Frequently asked questions
Buoyant Technology Constellations 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.
Buoyant Technology Constellations is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 23 July 2007 and is registered under CIN U45201KA2007PTC043436. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Buoyant Technology Constellations has 4 current directors:
- Devesh Sharma - Director
- Thippareddygari Harikrishna Reddy - Director
- Methuku Srinivas - Director
- Sanjeev Jain Kumar - Director
The latest financial statements of Buoyant Technology Constellations on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 November 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Buoyant Technology Constellations is U45201KA2007PTC043436. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Buoyant Technology Constellations has open charges of ₹1,120 Cr and satisfied charges of ₹610 Cr as per latest MCA filings.
Buoyant Technology Constellations has 86 court cases on record: 36 filed by the company and 50 filed against it. 33 are pending. Most are in the high courts.
Buoyant Technology Constellations was incorporated on 23 July 2007. It is registered with the Registrar of Companies, Bangalore.
Buoyant Technology Constellations has 9 deals on record (4 debt financings, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹454.8 Cr; the latest was in September 2014.
Thippareddygari Harikrishna Reddy ceased to be Additional Director on 14 Jul 2023. Thippareddygari Harikrishna Reddy was appointed as Director on 26 Nov 2020. Bharat Dixit Madhukar ceased to be Director on 09 Jul 2020. Buoyant Technology Constellations has 23 board changes on record in total.
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