Mist Avenue Private Limited
About Mist Avenue Private Limited
Data last updated:
Mist Avenue Private Limited is a private limited company based in New Delhi, Delhi, 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 12 October 2012.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70200DL2012PTC243560. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Pran Kumar and Narender Kumar Sharma (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 15 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 28 Raja Garden New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.74 Lakh, a decline of 93% compared to the previous year. For the same year it recorded a net profit of ₹2.53 Lakh (net margin 92.3%) and EBITDA of ₹2.53 Lakh (EBITDA margin 92.3%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 56% over five years.
As per MCA filings, the company has satisfied charges of ₹4.06 Cr on record. Court records list 96 cases involving the company, including 17 filed by the company and 79 filed against it; 12 cases are pending.
Company details
Contact details
Mist Avenue Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered Address28 Raja Garden New Delhi, Delhi, India – 110015
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Mist Avenue 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 Mist Avenue 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 Mist Avenue Private Limited, buy the company report.
Financials of Mist Avenue Private Limited
FY 2021 filings availableMist Avenue Private Limited reported revenue of ₹2.74 Lakh (down 93% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 93% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 56%. EBITDA rose 105% 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
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| EBITDA | ₹2.53 Lakh | ||||
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| Net Profit (PAT) | ₹2.53 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA Margin | 92.3% | ||||
| Net Profit Margin | 92.3% | ||||
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To see the full financial statements and ratios of Mist Avenue Private Limited, buy the company report.
Board of directors of Mist Avenue Private Limited
Mist Avenue has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pran Kumar | Director | 19 Jul 2021 | 5 Years 3 Months | As last reported |
| Narender Kumar Sharma Also directs: Daksh Compliance Management Private Limited | Irp/Rp/Liquidator | 28 Jan 2025 | 1 Years 8 Months | As last reported |
| Ravi Kumar Also directs: Grand Express Developers Private Limited | Director | 19 Jul 2021 | 5 Years 3 Months | As last reported |
Auditor
Mist Avenue Private Limited is audited by BANSAL V & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSAL V & COMPANY | FY 2018 | 011220C |
Shareholding
The shareholding of Mist Avenue Private 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 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Mist Avenue Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2014 | 10518719 | Religare Finvest Limited | ₹4.06 Cr | Satisfied |
To see the full charge records of Mist Avenue Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mist Avenue Private Limited has 96 court cases on record: 17 filed by Mist Avenue, 79 filed against it. 12 cases are pending and 84 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 56 | 8 |
| High courts | 17 | 9 | 1 |
| NCLAT | 13 | 8 | 3 |
| Supreme Court | 4 | 3 | 0 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 96)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Mist Direct Sales Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Grand Developers Pvt. Ltd | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Grand Developers Pvt. Ltd | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by M/S Mist Direct Sales Private Limited 1A Kanchanjunga Building, 18 Barakhamba Road, ,New Delhi , Delhi | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by BL Kashyap and Sons Ltd. | Disposed |
To see the full case history of Mist Avenue 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 Mist Avenue Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mist Avenue Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
GST
Mist Avenue has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Mist Avenue Private Limited, buy the company report.
Recent activity
Mist Avenue Private Limited has 14 board changes on record since 2012: 3 appointments and 11 cessations. The latest: Narender Kumar Sharma was appointed as Irp/Rp/Liquidator on 28 Jan 2025.
7 earlier events are in the company report.
Frequently asked questions
Mist Avenue 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.
Mist Avenue 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 12 October 2012 and is registered under CIN U70200DL2012PTC243560. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mist Avenue has 3 current directors:
- Pran Kumar - Director
- Ravi Kumar - Director
- Narender Kumar Sharma - Irp/Rp/Liquidator
The latest financial statements of Mist Avenue on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Mist Avenue is U70200DL2012PTC243560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mist Avenue has no open charges and satisfied charges of ₹4.06 Cr as per latest MCA filings.
Mist Avenue has 96 court cases on record: 17 filed by the company and 79 filed against it. 12 are pending. Most are in the district courts.
Mist Avenue was incorporated on 12 October 2012. It is registered with the Registrar of Companies, Delhi.
Narender Kumar Sharma was appointed as Irp/Rp/Liquidator on 28 Jan 2025. Pran Kumar ceased to be Additional Director on 15 Nov 2021. Ravi Kumar ceased to be Additional Director on 15 Nov 2021. Mist Avenue has 14 board changes on record in total.
The registered office of Mist Avenue is at 28 Raja Garden New Delhi, Delhi, India – 110015.