About India Green Reality Limited
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India Green Reality Limited is a public limited company based in Ahmedabad, Gujarat, 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 29 September 2009.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L70101GJ2009PLC058214. Its GSTIN is 19AACCI1495A2ZR (West Bengal). The company holds 5 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (540152) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹12.75 Cr and a paid-up capital of ₹12.71 Cr. It was formerly known as India Green Reality Private Limited. It is led by directors including Vinod Thaker (Managing Director) and Amitava Samanta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2019, the company reported a revenue of ₹6.49 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹3.42 Lakh (net margin 0.5%) and EBITDA of ₹94 Lakh (EBITDA margin 14.5%). Revenue has declined at a compounded annual rate (CAGR) of 46% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: India Green. As per MCA filings, the company has open charges of ₹5.15 Cr and satisfied charges of ₹22.17 Lakh on record. Court records list 131 cases involving the company, including 33 filed by the company and 98 filed against it; 52 cases are pending. The company has 29 deals on record (28 market trades, 1 ipo); the latest was in November 2020. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is BDR Finvest Private Limited with revenue of ₹6.49 Cr.
The last known website on record is indiagreenreality.com.
Company details
Name history
India Green Reality has undergone 2 name changes throughout its history. The company was previously known as India Green Reality Private Limited, and India Green Reality Limited. The current legal name is India Green Reality Limited.
| Company Name | Status |
|---|---|
| India Green Reality Limited | Current |
| India Green Reality Private Limited | Previous |
CIN history
India Green Reality has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70101GJ2009PLC058214, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70101GJ2009PLC058214 | Current |
| U70101GJ2009PTC058214 | Previous |
| U70101GJ2009PLC058214 | Previous |
Contact details
India Green Reality Limited's registered office is in Ahmedabad, Gujarat. Its website is indiagreenreality.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address12 Satyam Mall Nr.Kameshwar School Jodhpur Char Rasta S, Atellite, Ahmedabad, Gujarat, India – 380015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of India Green Reality 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
Brands
India Green Reality operates one associated brand: India Green. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Green buildings are designed and developed sustainably. | indiagreenreality.com |
Business activity
The main business activity of India Green Reality is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of India Green Reality Limited, buy the company report.
Financials of India Green Reality Limited
FY 2019 filings availableIndia Green Reality Limited reported revenue of ₹6.49 Cr (up 26% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue rose 26% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 46%. EBITDA fell 67% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6.49 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹94 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.42 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 India Green Reality Limited, buy the company report.
Board of directors and KMP of India Green Reality Limited
India Green Reality Limited currently reports 3 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanpreetkaur Manmindersingh Makhija | Additional Director | 03 Feb 2016 | 10 Years 9 Months | As last reported |
| Vinod Thaker | Managing Director | 29 Sep 2009 | 17 Years 1 Months | As last reported |
| Amitava Samanta | Whole-Time Director | 29 Sep 2009 | 17 Years 1 Months | As last reported |
| Manmindersingh Makhija | Cfo | 13 Feb 2016 | 10 Years 8 Months | As last reported |
Peer comparison
India Green Reality Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| BDR Finvest Private Limited | ₹6.49 Cr (FY 2025) | -77.0% | New Delhi, Delhi, India | |||
| India Green Reality Limitedthis company | ₹6.49 Cr (FY 2019) | ₹3.42 Lakh | 0.5% | 26.0% | 7 | Ahmedabad, Gujarat, India |
| Dharmendra Gupta Associates Private Limited | ₹6.48 Cr (FY 2024) | -31.0% | Ghaziabad, Uttar Pradesh, India | |||
| Arkay Holdings Limited | ₹6.48 Cr (FY 2021) | -1.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of India Green Reality Limited, buy the company report.
Auditor
India Green Reality Limited is audited by PARTH SHAH AND ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PARTH SHAH AND ASSOCIATES | FY 2019 | 144251W |
Shareholding
The shareholding of India Green Reality Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of India Green Reality Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2016 | 100060217 | Others | ₹5 Cr | Open | |
| 15 Mar 2012 | 10352488 | Srei Equipment Finance Private Limited | ₹15.16 Lakh | Open | |
| 24 Jun 2013 | 10438511 | Srei Equipment Finance Private Limited | ₹22.17 Lakh | Satisfied |
To see the full charge records of India Green Reality Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
India Green Reality Limited has 29 deals on record (28 market trades, 1 ipo); the latest was in November 2020.
Deals on record (5 of 29)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2019 | Market trade | ₹14 Lakh | Buyer: Alacrity Securities Limited Seller: Odyssey Corporation Limited |
| Jun 2018 | Market trade | ₹13 Lakh | Buyer: Guiness Securities Limited Seller: an individual |
| Jun 2018 | Market trade | ₹20.3 Lakh | Buyer: Guiness Securities Limited Seller: Globe Fincap Limited. |
| May 2018 | Market trade | ₹17.9 Lakh | Buyer: Guiness Securities Limited Seller: Globe Fincap Limited. |
| May 2018 | Market trade | ₹39.2 Lakh | Buyer: an individual Seller: Suncare Traders Limited , an individual |
To see the full deal history of India Green Reality 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
India Green Reality Limited has 131 court cases on record: 33 filed by India Green Reality, 98 filed against it. 52 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 97 | 88 | 36 |
| High courts | 26 | 4 | 13 |
| NCLT | 8 | 6 | 3 |
Cases on record (5 of 131)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed by the company against M/S Kurlon Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Veeram Vendors Private Limited-Rakshit Mahendrabhai Shah | Pending |
| NCLT, NCLT Ahmedabad | Insolvency matter | Filed against the company by Kanara Consumer Products Ltd | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed against the company by Veeram Vendors Private Limited | Pending |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Globe Fincap Ltd | Pending |
To see the full case history of India Green Reality 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 India Green Reality Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
India Green Reality Limited has a workforce of 7 employees on its EPFO records as of Apr 11, 2024, across 2 active EPFO establishments.
GST
India Green Reality has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCI1495A2ZR | West Bengal | Active | 18 Aug 2017 |
To see the full GST registrations and return filing status of India Green Reality Limited, buy the company report.
Recent activity
India Green Reality Limited has 12 board changes on record since 2009: 8 appointments and 4 cessations. The latest: Shankar Prasad Bhagat ceased to be Director on 29 Nov 2017.
8 earlier events are in the company report.
Frequently asked questions
India Green Reality 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.
India Green Reality is a company under insolvency, formerly operating as a public limited company based in Ahmedabad, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 29 September 2009 and is registered under CIN L70101GJ2009PLC058214. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
India Green Reality has 4 current directors and KMP:
- Vinod Thaker - Managing Director
- Amitava Samanta - Whole-Time Director
- Dhanpreetkaur Manmindersingh Makhija - Additional Director
- Manmindersingh Makhija - Cfo
The latest financial statements of India Green Reality on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of India Green Reality is L70101GJ2009PLC058214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Green Reality is recorded as a listed company by MCA, but trading in its shares on BSE (540152) has been suspended, so they do not currently trade on a stock exchange.
India Green Reality has open charges of ₹5.15 Cr and satisfied charges of ₹22.17 Lakh as per latest MCA filings.
India Green Reality has 131 court cases on record: 33 filed by the company and 98 filed against it. 52 are pending. Most are in the district courts.
India Green Reality was incorporated on 29 September 2009. It is registered with the Registrar of Companies, Ahmedabad.
India Green Reality has 29 deals on record (28 market trades, 1 ipo); the latest was in November 2020.
The peers of India Green Reality by revenue are BDR Finvest Private Limited, Dharmendra Gupta Associates Private Limited, Arkay Holdings Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
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