New India City Developers Private Limited
About New India City Developers Private Limited
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New India City Developers Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 17 August 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201DL1993PTC054855. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.67 Cr. It was formerly known as Karishma Estates P Ltd. It is led by directors Jagtar Singh Matharu and Navin Thakur.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – 44 2nd Floor Jangpura – B N Delhi – 14, New Delhi, Delhi, India – 110014.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.88 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹26.48 Lakh (net margin -222.9%) and EBITDA of -₹26.46 Lakh (EBITDA margin -222.7%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹25.44 Cr on record. Court records list 26 cases involving the company, including 8 filed by the company and 18 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
New India City Developers Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressB – 44 2nd Floor Jangpura – B N Delhi – 14, New Delhi, Delhi, India – 110014
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of New India City Developers 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
Financials of New India City Developers Private Limited
FY 2024 filings availableNew India City Developers Private Limited reported revenue of ₹11.88 Lakh (down 56% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 56% fall in the latest year. EBITDA fell 33% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹26.46 Lakh | ||||
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| Net Profit (PAT) | -₹26.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -222.7% | ||||
| Net Profit Margin | -222.9% | ||||
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To see the full financial statements and ratios of New India City Developers Private Limited, buy the company report.
Board of directors of New India City Developers Private Limited
New India City Developers has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagtar Singh Matharu Also directs: Photon Suryodaya Private Limited, Photon Ojas Private Limited, Photon Sunshine Private Limited and 2 more | Director | 05 Sep 2020 | 6 Years 1 Months | Current |
| Navin Thakur Also directs: Photon Suryodaya Private Limited, Photon Ojas Private Limited, Photon Sunshine Private Limited and 4 more | Director | 16 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
New India City Developers Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Raghava Reddy Constructions Private Limited | ₹11.89 Lakh (FY 2022) | 86.0% | Bangalore, Karnataka, India | |||
| Right Value Finance Private Limited | ₹11.89 Lakh (FY 2025) | -4.0% | Secunderabad, Telangana, India | |||
| KMR Real Estates Private Limited | ₹11.88 Lakh (FY 2025) | Chennai, Tamil Nadu, India | ||||
| Shagun Mall Management Company Private Limited | ₹11.88 Lakh (FY 2021) | 9968.0% | Mumbai, Maharashtra, India | |||
| Riki Estates Pvt Ltd | ₹11.88 Lakh (FY 2024) | 40.0% | Kolkata, West Bengal, India | |||
| New India City Developers Private Limitedthis company | ₹11.88 Lakh (FY 2024) | -₹26.48 Lakh | -222.9% | -56.0% | New Delhi, Delhi, India | |
| Safire Hotel Pvt Ltd | ₹11.87 Lakh (FY 2022) | -33.0% | Pune, Maharashtra, India | |||
| Birja Devi Estate Private Limited | ₹11.87 Lakh (FY 2025) | -26.0% | Hyderabad, Telangana, India | |||
| Orbit Buildhome Private Limited | ₹11.87 Lakh (FY 2025) | 9.0% | Jaipur, Rajasthan, India | |||
| Mana Properties Private Limited | ₹11.87 Lakh (FY 2025) | 147.0% | Mumbai, Maharashtra, India | |||
| J.W. Projects Private Limited | ₹11.87 Lakh (FY 2025) | 6.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of New India City Developers Private Limited, buy the company report.
Auditor
New India City Developers Private Limited is audited by N S SINGH AND CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N S SINGH AND CO | FY 2021 | 026765N |
Shareholding
The shareholding of New India City Developers 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 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of New India City Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2014 | 10545300 | Kotak Mahindra Bank Limited | ₹25 Cr | Open | |
| 19 Nov 2010 | 10259333 | Syndicate Bank | ₹11 Cr | Satisfied | |
| 20 Dec 2008 | 10136379 | Syndicate Bank | ₹13.64 Cr | Satisfied | |
| 05 Jul 2007 | 10061210 | Syndicate Bank | ₹80 Lakh | Satisfied |
To see the full charge records of New India City Developers Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
New India City Developers Private Limited has 26 court cases on record: 8 filed by New India City Developers, 18 filed against it. 1 case is pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 9 | 0 |
| District courts | 10 | 8 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLAT | 2 | 0 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Court case (APP) | Filed against the company by M/S Today Homes and Infrastructure Private Limited | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Sheetal International Pvt. Ltd. and Ors | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by M/S Sheetal International Pvt Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of New India City Developers 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 New India City Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
New India City Developers has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
GST
New India City Developers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of New India City Developers Private Limited, buy the company report.
Recent activity
New India City Developers Private Limited has 13 board changes on record since 2011: 2 appointments and 11 cessations. The latest: Jagtar Singh Matharu ceased to be Additional Director on 30 Dec 2020.
11 earlier events are in the company report.
Frequently asked questions
New India City Developers is an active 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 17 August 1993 (33+ years old) and is registered under CIN U45201DL1993PTC054855.
New India City Developers has 2 current directors:
- Jagtar Singh Matharu - Director
- Navin Thakur - Director
The latest financial statements of New India City Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
No. New India City Developers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of New India City Developers is U45201DL1993PTC054855. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
New India City Developers has 26 court cases on record: 8 filed by the company and 18 filed against it. 1 is pending. Most are in the high courts.
New India City Developers was incorporated on 17 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of New India City Developers by revenue are Raghava Reddy Constructions Private Limited, Right Value Finance Private Limited, KMR Real Estates Private Limited, Shagun Mall Management Company Private Limited, Riki Estates Pvt Ltd and 5 more, all in the Real Estate industry (Builders and Developers).
Jagtar Singh Matharu ceased to be Additional Director on 30 Dec 2020. Jagtar Singh Matharu was appointed as Director on 05 Sep 2020. Ganesh Chandra Bamrara ceased to be Additional Director on 27 Sep 2018. New India City Developers has 13 board changes on record in total.
The registered office of New India City Developers is at B – 44 2nd Floor Jangpura – B N Delhi – 14, New Delhi, Delhi, India – 110014.
New India City Developers operates in the real estate and construction industry, in the real estate builders and developers segment.