About Milan Developers and Builders Private Limited
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Milan Developers and Builders Private Limited is a private limited company based in Angul, Odisha, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 31 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U45203OR1992PTC003225. Its GSTIN is 21AADCM2302B1ZK (Odisha).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹90.96 Lakh. It is led by directors Anup Kumar Dhirsamant (Managing Director) and Rutuparna Dhirsamant.
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 is at Amalpada, Angul, Odisha, India – 759122.
As per the financials filed for FY 2023, the company reported a revenue of ₹51.42 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net profit of ₹4.64 Lakh (net margin 9%) and EBITDA of ₹18.32 Lakh (EBITDA margin 35.6%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 2% over five years.
As per MCA filings, the company has open charges of ₹52 Cr and satisfied charges of ₹49.08 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 9 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website 3rdavenueangul.com.
Company details
Contact details
Milan Developers and Builders Private Limited's registered office is in Angul, Odisha. Its website is 3rdavenueangul.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAmalpada, Angul, Odisha, India – 759122
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Milan Developers and Builders 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 Milan Developers and Builders 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 Milan Developers and Builders Private Limited, buy the company report.
Financials of Milan Developers and Builders Private Limited
FY 2023 filings availableMilan Developers and Builders Private Limited reported revenue of ₹51.42 Lakh (down 90% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 90% fall in the latest year. EBITDA fell 52% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹51.42 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18.32 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.6% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Milan Developers and Builders Private Limited, buy the company report.
Board of directors of Milan Developers and Builders Private Limited
Milan Developers and Builders has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Kumar Dhirsamant | Managing Director | 31 Dec 1992 | 33 Years 9 Months | Current |
| Rutuparna Dhirsamant | Director | 31 Dec 1992 | 33 Years 9 Months | Current |
Peer comparison
Milan Developers and Builders Private 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 (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Mangalmurti Interiors & Civil Consultants Private Limited | ₹51.49 Lakh (FY 2023) | 15.0% | Indore, Madhya Pradesh, India | |||
| JSB Dream Homes Private Limited | ₹51.47 Lakh (FY 2025) | 514.0% | Mumbai, Maharashtra, India | |||
| Milan Developers and Builders Private Limitedthis company | ₹51.42 Lakh (FY 2023) | ₹4.64 Lakh | 9% | -90.0% | Angul, Odisha, India | |
| Neelkanth Ashiana Private Limited | ₹51.4 Lakh (FY 2022) | -4.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Milan Developers and Builders Private Limited, buy the company report.
Auditor
Milan Developers and Builders Private Limited is audited by G N S & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G N S & ASSOCIATES | FY 2023 | 318171E |
Shareholding
The shareholding of Milan Developers and Builders Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | 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 Milan Developers and Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2011 | 10307920 | Andhra Bank | ₹52 Cr | Open | |
| 18 Feb 2014 | 10485287 | Icici Bank Limited | ₹51.12 Lakh | Satisfied | |
| 14 Feb 2014 | 10479419 | United Bank of India | ₹2.25 Cr | Satisfied | |
| 24 Apr 2010 | 10217705 | Karnataka Bank Ltd. | ₹50 Lakh | Satisfied | |
| 23 Sep 2009 | 10180251 | Andhra Bank | ₹36.23 Cr | Satisfied |
To see the full charge records of Milan Developers and Builders Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Milan Developers and Builders Private Limited has 15 court cases on record: 6 filed by Milan Developers and Builders, 9 filed against it. 7 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 5 |
| Supreme Court | 3 | 2 | 1 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CRR) | Filed by the company against Frost International Limited and 1 other | Pending |
| District court, Khurda, Orissa | Court case (I . c. c) | Filed against the company by Axis Bank Limited | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against Axis Bank Ltd. | Disposed |
| District court, Khurda, Odisha | Civil suit | Filed by the company against Axis Bank Ltd and Another | Disposed |
| District court, Khurda, Orissa | Arbitration matter | Filed against the company by M/S Evos Buildcon Pvt Ltd | Disposed |
To see the full case history of Milan Developers and Builders 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 Milan Developers and Builders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Milan Developers and Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AADCM2302B1ZK | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milan Developers and Builders Private Limited, buy the company report.
Recent activity
Milan Developers and Builders Private Limited has 6 board changes on record since 1992: 2 appointments and 4 cessations. The latest: Manoj Biswal ceased to be Director on 14 Apr 2020.
16 earlier events are in the company report.
Frequently asked questions
Milan Developers and Builders is an active private limited company based in Angul, Odisha, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 December 1992 (34+ years old) and is registered under CIN U45203OR1992PTC003225.
Milan Developers and Builders has 2 current directors:
- Anup Kumar Dhirsamant - Managing Director
- Rutuparna Dhirsamant - Director
The latest financial statements of Milan Developers and Builders 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 Milan Developers and Builders is 21AADCM2302B1ZK, registered in Odisha.
The CIN (Corporate Identification Number) of Milan Developers and Builders is U45203OR1992PTC003225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Developers and Builders has 15 court cases on record: 6 filed by the company and 9 filed against it. 7 are pending. Most are in the district courts.
Milan Developers and Builders was incorporated on 31 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Milan Developers and Builders by revenue are Shree Mangalmurti Interiors & Civil Consultants Private Limited, JSB Dream Homes Private Limited, Neelkanth Ashiana Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Manoj Biswal ceased to be Director on 14 Apr 2020. Harapriya Bisoi ceased to be Director on 12 Oct 2016. Subhra Prakash Dhirsamant ceased to be Director on 12 Oct 2016. Milan Developers and Builders has 6 board changes on record in total.
Milan Developers and Builders can be reached through the website 3rdavenueangul.com. Its registered office is in Angul, Odisha, India.
The registered office of Milan Developers and Builders is at Amalpada, Angul, Odisha, India – 759122.