About Eta Star Property Developers Ltd.
Data last updated:
Eta Star Property Developers Ltd. was a public limited company based in Chennai, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 November 2005.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U70102TN2005PLC064766. Its GSTIN is 33AABCE5356K1ZM (Tamil Nadu). The company held 3 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹500 Cr and a paid-up capital of ₹418.44 Cr. It was led by directors including Abdul Alim (Managing Director) and Ashraf Abdul Rahman Buhari (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Chennai Citi Centre 4th Floor No.10&11 Dr. Radhakrishnan Salai Mylapore, Tamil Nadu, India – 600004.
As per the financials filed for FY 2021, the company reported a revenue of ₹39.05 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.19 Cr (net margin -15.9%) and EBITDA of -₹3.86 Cr (EBITDA margin -9.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over five years.
The company had about 39 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Etastar and ETA Star. As per MCA filings, the company had satisfied charges of ₹219 Cr on record. Court records list 18 cases involving the company, including 8 filed by the company and 10 filed against it; 11 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹418.37 Cr; the latest was in March 2022.
The last known website on record is etastar.co.in.
Company details
CIN history
Eta Star Property Developers has one previous CIN (Corporate Identification Number): U70102KA2005PLC037624. The current CIN is U70102TN2005PLC064766, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102TN2005PLC064766 | Current |
| U70102KA2005PLC037624 | Previous |
Contact details
Eta Star Property Developers Ltd.'s registered office is in Chennai, Tamil Nadu. Its website is etastar.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressChennai Citi Centre 4th Floor No.10&11 Dr. Radhakrishnan Salai Mylapore, Tamil Nadu, India – 600004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Eta Star Property Developers 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
Brands
Eta Star Property Developers operates two associated brands: Etastar and ETA Star. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Builds luxury apartments and residential plots in Chennai with sustainable designs. | etastar.co.in | |
| Potato farming, grain marketing, and equipment services by Etastar. | etastar.com |
Business activity
The main business activity of Eta Star Property Developers 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 Eta Star Property Developers Ltd., buy the company report.
Financials of Eta Star Property Developers Ltd.
FY 2023 filings availableEta Star Property Developers Ltd. reported revenue of ₹39.05 Cr (up 182% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 182% growth in the latest year. EBITDA rose 85% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | -₹3.86 Cr | ||||
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| Net Profit (PAT) | -₹6.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -9.9% | ||||
| Net Profit Margin | -15.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Eta Star Property Developers Ltd., buy the company report.
Board of directors and KMP of Eta Star Property Developers Ltd.
Eta Star Property Developers Ltd. currently reports 6 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ahamed Shakir Also directs: Milky Way Developers Private Limited, Minnath Estates LLP, Invesmart Ventures LLP and 5 more | Director | 15 Apr 2006 | 20 Years 6 Months | As last reported |
| Abdul Alim | Managing Director | 07 Sep 2022 | 4 Years 1 Months | As last reported |
| Ashraf Abdul Rahman Buhari Also directs: Pearl Kinesis Healthcare LLP, MKM Thangamaligai LLP, Eta Karnataka Estates Limited and 5 more | Managing Director | 09 Nov 2005 | 20 Years 11 Months | As last reported |
| Khalid Abdul Khader Buhari Also directs: Eta Karnataka Estates Limited, Omega Cables Limited, Milky Way Developers Private Limited and 5 more | Director | 09 Feb 2006 | 20 Years 8 Months | As last reported |
| Sivasubramanian Venkatraman Also directs: Verdant Infrastructure LLP | Company Secretary | 26 Dec 2009 | 16 Years 10 Months | As last reported |
| Mohamed Maraikayar | Director | 16 Mar 2009 | 17 Years 7 Months | As last reported |
Auditor
Eta Star Property Developers Ltd. is audited by S SANTHANAGOPALAN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S SANTHANAGOPALAN & CO | FY 2020 | 003604S |
Shareholding
The shareholding of Eta Star Property Developers Ltd. is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Eta Star Property Developers Ltd., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Feb 2014 | 10486525 | City Union Bank Limited | ₹22 Cr | Satisfied | |
| 06 Sep 2013 | 10451018 | Corporation Bank | ₹15 Cr | Satisfied | |
| 23 Mar 2013 | 10425299 | City Union Bank Limited | ₹7 Cr | Satisfied | |
| 08 Sep 2010 | 10245709 | State Bank of India | ₹70 Cr | Satisfied | |
| 03 Jun 2010 | 10227308 | State Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of Eta Star Property Developers Ltd., buy the company report.
Total charge records: 7 View all charges
Deals & funding
Eta Star Property Developers Ltd. has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹418.37 Cr; the latest was in March 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Milkyway Developers Private Limited Seller: 3 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Maricar Estates Private Limited Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Eta Constructions(India) Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Eta Constructions(India) Limited , 2 individuals Seller: Mincore Resources Private Limited , ETA Star Holding Limited |
| Jun 2008 | Funding round | ₹219.47 Cr | Investors: ETA Star Holding Limited, Mincore Resources Private Limited , an individual |
To see the full deal history of Eta Star Property Developers Ltd., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Eta Star Property Developers Ltd. has 18 court cases on record: 8 filed by Eta Star Property Developers, 10 filed against it. 11 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 7 | 9 |
| District courts | 6 | 3 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kancheepuram, Tamil Nadu | Execution petition | Filed by the company against M/S Eta Properties and Investments (P) Ltd., Rep by Its Director | Pending |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company against Eta Star Techcity Private Limited and 1 other | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against The Government of Andhra Pradesh, | Disposed |
| High Court, TELANGANA | Revision petition | Filed against the company by M/S. Nest Enterprises Private Limited, and 1 other | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against Ms. Poornodaya Industries Ltd., and 1 other | Disposed |
To see the full case history of Eta Star Property Developers 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 Eta Star Property Developers Ltd.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Eta Star Property Developers Ltd. has a workforce of 39 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Eta Star Property Developers has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCE5356K1ZM | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCE5356K2ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Eta Star Property Developers Ltd., buy the company report.
Recent activity
Eta Star Property Developers Ltd. has 20 board changes on record since 2005: 7 appointments and 13 cessations. The latest: Abdul Alim was appointed as Managing Director on 07 Sep 2022.
26 earlier events are in the company report.
Frequently asked questions
Eta Star Property Developers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Eta Star Property Developers was a public limited company based in Chennai, Tamil Nadu, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 09 November 2005 and is registered under CIN U70102TN2005PLC064766. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Eta Star Property Developers was incorporated on 09 November 2005. It is registered with the Registrar of Companies, Chennai.
Eta Star Property Developers had 7 directors and KMP:
- Abdul Alim - Managing Director
- Ashraf Abdul Rahman Buhari - Managing Director
- Ahamed Shakir - Director
- Khalid Abdul Khader Buhari - Director
- Mohamed Maraikayar - Director
- Nooriya Thahseen Anwar Husain - Director
- Sivasubramanian Venkatraman - Company Secretary
The CIN (Corporate Identification Number) of Eta Star Property Developers is U70102TN2005PLC064766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Eta Star Property Developers is at Chennai Citi Centre 4th Floor No.10&11 Dr. Radhakrishnan Salai Mylapore, Tamil Nadu, India – 600004.
Eta Star Property Developers can be reached through the website etastar.co.in. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Eta Star Property Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Eta Star Property Developers is 33AABCE5356K1ZM, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AABCE5356K2ZA (Karnataka).
Eta Star Property Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
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