Gangotri Enterprises Limited
About Gangotri Enterprises Limited
Data last updated:
Gangotri Enterprises Limited is a public limited company based in Lucknow, Uttar Pradesh, 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 general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 18 November 1991.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U01403UP1991PLC013717. Its GSTIN is 10AAACG8915B1Z9 (Bihar). The company holds 9 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹31.19 Cr. It was formerly known as Gangotri Enterprises Private Limited. It is led by directors including Ajeet Pandey (Managing Director) and Ratnakar Tripathi.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at B – 158 Sector A Mahanagar, Lucknow, Uttar Pradesh, India – 226006.
As per the financials filed for FY 2017, the company reported a revenue of ₹1,524.82 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹6.27 Cr (net margin -0.4%) and EBITDA of -₹9.45 Cr (EBITDA margin -0.6%).
The company has about 6 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
As per MCA filings, the company has open charges of ₹1,852.11 Cr and satisfied charges of ₹253.03 Cr on record. Court records list 282 cases involving the company, including 133 filed by the company and 149 filed against it; 50 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118.91 Cr; the latest was in March 2014.
Company details
CIN history
Gangotri Enterprises has one previous CIN (Corporate Identification Number): U10200UP1991PLC013717. The current CIN is U01403UP1991PLC013717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01403UP1991PLC013717 | Current |
| U10200UP1991PLC013717 | Previous |
Contact details
Gangotri Enterprises Limited's registered office is in Lucknow, Uttar Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressB – 158 Sector A Mahanagar, Lucknow, Uttar Pradesh, India – 226006
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Gangotri Enterprises 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 Gangotri Enterprises is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Gangotri Enterprises Limited, buy the company report.
Financials of Gangotri Enterprises Limited
FY 2018 filings availableGangotri Enterprises Limited reported revenue of ₹1,524.82 Cr (up 66% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 66% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹1,524.82 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹9.45 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.27 Cr | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.6% | ||
| Net Profit Margin | -0.4% | ||
| 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 Gangotri Enterprises Limited, buy the company report.
Board of directors and KMP of Gangotri Enterprises Limited
Gangotri Enterprises Limited currently reports 5 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Indra Bahadur Mall | Cfo | 01 Jan 2016 | 10 Years 10 Months | As last reported |
| Ajeet Pandey Also directs: Kandarp Hotels Private Limited | Managing Director | 12 Dec 2002 | 23 Years 11 Months | As last reported |
| Ratnakar Tripathi | Director | 03 Oct 2017 | 9 Years 1 Months | As last reported |
| Vijay Shankar | Director | 29 Mar 2018 | 8 Years 7 Months | As last reported |
| Praveen Pandey | Director | 20 Dec 2014 | 11 Years 10 Months | As last reported |
| Shashi | Director | 03 Oct 2017 | 9 Years 1 Months | As last reported |
Auditor
Gangotri Enterprises Limited is audited by RAJESH PURSHOTTAM & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH PURSHOTTAM & ASSOCIATES | FY 2017 | 014434C |
Shareholding
The shareholding of Gangotri Enterprises Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Gangotri Enterprises Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2017 | 100122505 | Others | ₹20 Cr | Open | |
| 11 Feb 2016 | 100044799 | Others | ₹323 Cr | Open | |
| 22 Sep 2015 | 10603642 | Axis Trustee Services Limited | ₹34.53 Cr | Open | |
| 01 Jul 2015 | 10624859 | Srei Equipment Finance Limited | ₹9 Cr | Open | |
| 14 Dec 2013 | 10475930 | Bank of India (Consortium) | ₹20.05 Cr | Open |
To see the full charge records of Gangotri Enterprises Limited, buy the company report.
Total charge records: 63 View all charges
Deals & funding
Gangotri Enterprises Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118.91 Cr; the latest was in March 2014.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Royal Empire Marketing Private Limited Seller: 4 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Modern Enterprises, 2 individuals |
| Mar 2012 | Funding round | ₹78.41 Cr | Investors: Royal Empire Marketing Private Limited , Kandarp Constructions (India) Private Limited , 2 individuals |
| Dec 2011 | Funding round | ₹9.3 Cr | Investors: Kandarp Constructions (India) Private Limited |
| Mar 2011 | Funding round | ₹31.2 Cr | Investors: Royal Empire Marketing Private Limited , 3 individuals |
To see the full deal history of Gangotri Enterprises 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
Gangotri Enterprises Limited has 282 court cases on record: 133 filed by Gangotri Enterprises, 149 filed against it. 50 cases are pending and 232 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 127 | 92 | 34 |
| High courts | 115 | 32 | 10 |
| NCLT | 17 | 10 | 0 |
| Supreme Court | 16 | 8 | 0 |
| NCLAT | 7 | 7 | 6 |
Cases on record (5 of 282)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S Akul Securities Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against NTPC Tamil Nadu Energy Company Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Aravali Power Company Pvt. Ltd. | Disposed |
| NCLT, Allahabad | Insolvency matter | Filed against the company by Akul Securities Private Limited and 1 other | Disposed |
To see the full case history of Gangotri Enterprises 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 Gangotri Enterprises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gangotri Enterprises has 5 subsidiary companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gangotri Deherdha Ishagarh Tollway Limited | U45206UP2011PLC044412 | |
| Gangotri Thandla Limdi Tollway Private Limited | U45206UP2011PTC044411 | |
| Gangotri Jhabua Jobat Kukshi Tollway Private Limited | U45206UP2011PTC044413 | |
| Gangotri Sarangpur Sujalpur Tollway Private Limited | U45400UP2011PTC045720 | |
| Kandarp Hotels Private Limited | U55101UP2006PTC031546 |
To see the full group structure of Gangotri Enterprises Limited, buy the company report.
GST
Gangotri Enterprises has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AAACG8915B1Z9 | Bihar | Active | 01 Jul 2017 |
| 23AAACG8915B1Z2 | Madhya Pradesh | Active | 01 Jul 2017 |
| 06AAACG8915B2ZX | Haryana | Active | 03 Aug 2017 |
To see the full GST registrations and return filing status of Gangotri Enterprises Limited, buy the company report.
Recent activity
Gangotri Enterprises Limited has 17 board changes on record since 2002: 6 appointments and 11 cessations. The latest: Shashi ceased to be Director on 12 Jul 2019.
103 earlier events are in the company report.
Frequently asked questions
Gangotri Enterprises 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.
Gangotri Enterprises is a company under insolvency, formerly operating as a public limited company based in Lucknow, Uttar Pradesh, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 18 November 1991 and is registered under CIN U01403UP1991PLC013717. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gangotri Enterprises has 6 current directors and KMP:
- Ajeet Pandey - Managing Director
- Ratnakar Tripathi - Director
- Vijay Shankar - Director
- Praveen Pandey - Director
- Shashi - Director
- Indra Bahadur Mall - Cfo
The latest financial statements of Gangotri Enterprises on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gangotri Enterprises is U01403UP1991PLC013717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gangotri Enterprises has open charges of ₹1,852.11 Cr and satisfied charges of ₹253.03 Cr as per latest MCA filings.
Gangotri Enterprises has 282 court cases on record: 133 filed by the company and 149 filed against it. 50 are pending. Most are in the district courts.
Gangotri Enterprises was incorporated on 18 November 1991. It is registered with the Registrar of Companies, Kanpur.
Gangotri Enterprises has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹118.91 Cr; the latest was in March 2014.
Shashi ceased to be Director on 12 Jul 2019. Ratnakar Tripathi ceased to be Additional Director on 30 Sep 2018. Vijay Shankar ceased to be Additional Director on 30 Sep 2018. Gangotri Enterprises has 17 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
