Granite Gate Properties Private Limited
About Granite Gate Properties Private Limited
Data last updated:
Granite Gate Properties Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Three C Universal Developers 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 16 May 2007.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45200DL2007PTC202952. Its GSTIN is 09AADCR6248M3ZR (Uttar Pradesh). The company holds 5 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.05 Cr. It was formerly known as Red Fort Jahangir Properties Private Limited. It is led by directors Anand Ram and Bhupendra Singh.
Its last annual general meeting (AGM) was held on 30 November 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at C – 23 Greater Kailash Enclave Part – I, New Delhi, Delhi, India – 110048.
As per the financials filed for FY 2017, the company reported a revenue of ₹77.51 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹188.08 Cr (net margin -242.7%) and EBITDA of -₹84.33 Cr (EBITDA margin -108.8%).
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹1,152 Cr on record. Court records list 87 cases involving the company, including 14 filed by the company and 73 filed against it; 15 cases are pending. The company has 11 deals on record (5 convertible or debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹329.25 Cr; the latest was in June 2014. Its 7 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 3 smaller; the largest is Ghanasai Ispat Private Limited with revenue of ₹77.73 Cr.
Company details
CIN history
Granite Gate Properties has one previous CIN (Corporate Identification Number): U45200MH2007PTC170890. The current CIN is U45200DL2007PTC202952, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200DL2007PTC202952 | Current |
| U45200MH2007PTC170890 | Previous |
Contact details
Granite Gate Properties Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 23 Greater Kailash Enclave Part – I, New Delhi, Delhi, India – 110048
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Granite Gate Properties 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 Granite Gate Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Granite Gate Properties Private Limited, buy the company report.
Financials of Granite Gate Properties Private Limited
FY 2017 filings availableGranite Gate Properties Private Limited reported revenue of ₹77.51 Cr (down 70% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year. EBITDA rose 11% 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 | ₹77.51 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹84.33 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹188.08 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 | -108.8% | ||
| Net Profit Margin | -242.7% | ||
| 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 Granite Gate Properties Private Limited, buy the company report.
Board of directors and KMP of Granite Gate Properties Private Limited
Granite Gate Properties Private Limited currently reports 2 directors and 1 key managerial person. 14 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Ram Also directs: Chrome Colonizers Private Limited, Topline Homz Private Limited, Primeone Buildcon India Private Limited and 2 more | Director | 23 Nov 2016 | 9 Years 11 Months | As last reported |
| Bhupendra Singh | Director | 06 Jul 2018 | 8 Years 3 Months | As last reported |
| Saran Kumar Also directs: Multi Purpose Financial Corporation Limited | Company Secretary | 01 Mar 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Granite Gate Properties Private Limited is compared with the 7 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ghanasai Ispat Private Limited | ₹77.73 Cr (FY 2025) | 25.0% | Hyderabad, Telangana, India | |||
| Meera Shantivanam Private Limited | ₹77.64 Cr (FY 2025) | 481.0% | Nandigama, Telangana, India | |||
| Presidency Infraheights Private Limited | ₹77.62 Cr (FY 2025) | 29.0% | Noida, Uttar Pradesh, India | |||
| Mansha Buildcon Pvt Ltd | ₹77.56 Cr (FY 2025) | 19.0% | Faridabad, Haryana, India | |||
| Granite Gate Properties Private Limitedthis company | ₹77.51 Cr (FY 2017) | -₹188.08 Cr | -242.7% | -70.0% | 7 | New Delhi, Delhi, India |
| Nisith Keshari Constructions Private Limited | ₹77.41 Cr (FY 2025) | -12.0% | Ranchi, Jharkhand, India | |||
| Cosmos Prime Projects Limited | ₹77.32 Cr (FY 2024) | 474.0% | Mumbai, Maharashtra, India | |||
| Veer Savarkar Projects Private Limited | ₹77.21 Cr (FY 2023) | 211123.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Granite Gate Properties Private Limited, buy the company report.
Auditor
Granite Gate Properties Private Limited is audited by S N DHAWAN & CO LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N DHAWAN & CO LLP | FY 2017 | 000050N |
Shareholding
The shareholding of Granite Gate Properties Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Granite Gate Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Sep 2015 | 10601153 | Indusind Bank Ltd. | ₹60 Cr | Open | |
| 03 Sep 2015 | 10601151 | Indusind Bank Ltd. | ₹150 Cr | Satisfied | |
| 05 Jul 2014 | 10507195 | Icici Bank Limited | ₹35 Cr | Satisfied | |
| 23 May 2014 | 10493362 | Icici Bank Limited | ₹40 Cr | Satisfied | |
| 09 May 2014 | 10503473 | Axis Trustee Services Limited | ₹77 Cr | Satisfied |
To see the full charge records of Granite Gate Properties Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Granite Gate Properties Private Limited has 11 deals on record (5 convertible or debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹329.25 Cr; the latest was in June 2014.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Rights issue | ₹16.14 Cr | Investors: Three C Universal Developers Private Limited |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Three C Universal Developers Private Limited Seller: Advance Egraphics Complogic Solutions Private Limited |
| Mar 2012 | Funding round · Series E | ₹32.5 Lakh | Investors: Three C Infra Private Limited , Three C Universal Developers Private Limited , Twilzon Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Three C Universal Developers Private Limited Seller: Dashmesh Promotors and Developers Private Limited , Vistar Constructions Private Limited |
| Jan 2010 | Funding round | ₹5 Cr | Investors: Three C Universal Developers Private Limited |
To see the full deal history of Granite Gate Properties 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
Granite Gate Properties Private Limited has 87 court cases on record: 14 filed by Granite Gate Properties, 73 filed against it. 15 cases are pending and 72 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 28 | 2 |
| NCLAT | 27 | 27 | 9 |
| High courts | 15 | 5 | 3 |
| Supreme Court | 15 | 11 | 0 |
| NCLT | 2 | 2 | 1 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by New Okhla Industrial Development Authority | Disposed |
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by The Authorised Representative for Granite Gate Properties Private Limited, Ms. Rakesh Verma | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S SMV Agencies Private. Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by M/S SMV Agencies Private. Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by M/S SMV Agencies Private. Limited | Disposed |
To see the full case history of Granite Gate Properties 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 Granite Gate Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Granite Gate Properties Private Limited has a workforce of 7 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Granite Gate Properties has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCR6248M3ZR | Uttar Pradesh | Active | 26 Nov 2021 |
| 09AADCR6248M4ZQ | Uttar Pradesh | Active | 01 Feb 2022 |
To see the full GST registrations and return filing status of Granite Gate Properties Private Limited, buy the company report.
Recent activity
Granite Gate Properties Private Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Saran Kumar was appointed as Company Secretary on 01 Mar 2019.
44 earlier events are in the company report.
Frequently asked questions
Granite Gate Properties 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.
Granite Gate Properties is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 May 2007 and is registered under CIN U45200DL2007PTC202952. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Granite Gate Properties has 3 current directors and KMP:
- Anand Ram - Director
- Bhupendra Singh - Director
- Saran Kumar - Company Secretary
The latest financial statements of Granite Gate Properties on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 November 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Granite Gate Properties is U45200DL2007PTC202952. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Granite Gate Properties has open charges of ₹60 Cr and satisfied charges of ₹1,152 Cr as per latest MCA filings.
Granite Gate Properties has 87 court cases on record: 14 filed by the company and 73 filed against it. 15 are pending. Most are in the district courts.
Granite Gate Properties was incorporated on 16 May 2007. It is registered with the Registrar of Companies, Delhi.
Granite Gate Properties has 11 deals on record (5 convertible or debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹329.25 Cr; the latest was in June 2014.
The peers of Granite Gate Properties by revenue are Ghanasai Ispat Private Limited, Meera Shantivanam Private Limited, Presidency Infraheights Private Limited, Mansha Buildcon Pvt Ltd, Nisith Keshari Constructions Private Limited and 2 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Saran Kumar was appointed as Company Secretary on 01 Mar 2019. Rajeev Baisoya ceased to be Director on 30 Jul 2018. Bhupendra Singh was appointed as Director on 06 Jul 2018. Granite Gate Properties has 16 board changes on record in total.
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