Finest Promoters Private Limited
About Finest Promoters Private Limited
Data last updated:
Finest Promoters Private Limited is a private limited company based in Gurugram, Haryana, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 07 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70102HR1996PTC080238. Its GSTIN is 06AAACF1102H1ZE (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.54 Cr. It is led by directors Sohan Singh and Daljeet Singh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Aipl Business Club Fifth Floor Golf Course Extension Road Sector 62, Gurugram, Haryana, India – 122101.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.08 Cr (net margin -84.7%) and EBITDA of -₹36.76 Lakh (EBITDA margin -28.7%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 39% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹576.25 Cr and satisfied charges of ₹822.48 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Finest Promoters has one previous CIN (Corporate Identification Number): U70102DL1996PTC078722. The current CIN is U70102HR1996PTC080238, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102HR1996PTC080238 | Current |
| U70102DL1996PTC078722 | Previous |
Contact details
Finest Promoters Private Limited's registered office is in Gurugram, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAipl Business Club Fifth Floor Golf Course Extension Road Sector 62, Gurugram, Haryana, India – 122101
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Finest Promoters 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
Financials of Finest Promoters Private Limited
FY 2024 filings availableFinest Promoters Private Limited reported revenue of ₹1.28 Cr (up 491% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 491% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 39%. EBITDA rose 74% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | -₹36.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.08 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.7% | ||||
| Net Profit Margin | -84.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Finest Promoters Private Limited, buy the company report.
Board of directors of Finest Promoters Private Limited
Finest Promoters has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sohan Singh Also directs: Pirorum Projects Private Limited, Francolin Infrastructure Private Limited, Wellworth Project Developers Pvt Ltd and 4 more | Director | 21 Jan 2019 | 7 Years 9 Months | Current |
| Daljeet Singh Also directs: Aipl Estates LLP, Advance India Projects Limited, Aipl Projects Private Limited and 5 more | Director | 07 Dec 2013 | 12 Years 11 Months | Current |
Auditor
Finest Promoters Private Limited is audited by ASA&ASSOCIATESLLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA&ASSOCIATESLLP | FY 2023 | N500006 |
Shareholding
The shareholding of Finest Promoters 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 Finest Promoters Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2025 | 101046885 | Idbi Trusteeship Services Limited | ₹575 Cr | Open | |
| 26 Aug 2021 | 100482663 | Others | ₹1.25 Cr | Open | |
| 04 Jan 2023 | 100701777 | Idbi Trusteeship Services Limited | ₹130 Cr | Satisfied | |
| 04 Jan 2023 | 100678762 | Idbi Trusteeship Services Limited | ₹320 Cr | Satisfied | |
| 28 Mar 2017 | 100119003 | Others | ₹191.21 Cr | Satisfied |
To see the full charge records of Finest Promoters Private Limited, buy the company report.
Total charge records: 20 View all charges
Legal cases
Finest Promoters Private Limited has 10 court cases on record: 7 filed by Finest Promoters, 3 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 2 |
| High courts | 3 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (Rp) | Filed by the company against One Culture Private Limited | Disposed |
| District court, South East, Delhi | Arbitration matter | Filed by the company against Ms Precision Motor India Pvt Ltd | Disposed |
| District court, South East, Delhi | Arbitration matter | Filed by the company against Ms Automobili Italia Private Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Automobili Italia Pvt Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Precision Motor India Pvt Ltd | Disposed |
To see the full case history of Finest Promoters 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
Finest Promoters Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 11 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VR Facility Management Services | |||
| Westech Securities Private Limited | |||
| Premier Pest Control Private Limited |
To see the full MSME payment records of Finest Promoters Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Finest Promoters Private Limited has a workforce of 1 employees on its EPFO records as of Aug 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 1 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Finest Promoters Private Limited, buy the company report.
GST
Finest Promoters has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACF1102H1ZE | Haryana | Active | 01 Jul 2017 |
| 07AAACF1102H1ZC | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Finest Promoters Private Limited, buy the company report.
Recent activity
Finest Promoters Private Limited has 10 board changes on record since 2009: 2 appointments and 8 cessations. The latest: Sohan Singh ceased to be Additional Director on 30 Sep 2019.
46 earlier events are in the company report.
Frequently asked questions
Finest Promoters is an active private limited company based in Gurugram, Haryana, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 07 May 1996 (30+ years old) and is registered under CIN U70102HR1996PTC080238.
Finest Promoters has 2 current directors:
- Sohan Singh - Director
- Daljeet Singh - Director
The latest financial statements of Finest Promoters on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Finest Promoters is 06AAACF1102H1ZE, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAACF1102H1ZC (Delhi).
The CIN (Corporate Identification Number) of Finest Promoters is U70102HR1996PTC080238. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finest Promoters has 10 court cases on record: 7 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Finest Promoters was incorporated on 07 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
Sohan Singh ceased to be Additional Director on 30 Sep 2019. Sohan Singh was appointed as Director on 21 Jan 2019. Tirath Lal Anand ceased to be Director on 21 Jan 2019. Finest Promoters has 10 board changes on record in total.
Finest Promoters has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 11 overdue payments to 3 micro and small suppliers. The latest return was filed on 01 Mar 2022.
The registered office of Finest Promoters is at Aipl Business Club Fifth Floor Golf Course Extension Road Sector 62, Gurugram, Haryana, India – 122101.
Finest Promoters operates in the infrastructure and utilities industry, in the general infrastructure services segment.
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