About Saltee Infrastructure Limited
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Saltee Infrastructure Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 30 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB1995PLC072515. Its GSTIN is 19AAECS4854R1ZG (West Bengal).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.94 Cr. It was formerly known as Sunrise Projects Private Limited and Sunrise Builders and Developers Private Limited. It is led by directors including Anju Bagla and Varun Bagla.
Its last annual general meeting (AGM) was held on 30 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ae 40 Salt Lake City, Kolkata, West Bengal, India – 700064.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.44 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹75.48 Lakh (net margin -21.9%) and EBITDA of -₹4.54 Lakh (EBITDA margin -1.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 4% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Saltee Group. As per MCA filings, the company has open charges of ₹6 Cr and satisfied charges of ₹49 Cr on record. Court records list 55 cases involving the company, including 27 filed by the company and 28 filed against it; 16 cases are pending. The company has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹60.72 Cr; the latest was in March 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salteegroup.com.
Company details
Name history
Saltee Infrastructure has undergone 3 name changes throughout its history. The company was previously known as Sunrise Projects Private Limited, Sunrise Builders And Developers Private Limited, and Saltee Infrastructure Private Limited. The current legal name is Saltee Infrastructure Limited.
| Company Name | Status |
|---|---|
| Saltee Infrastructure Limited | Current |
| Sunrise Projects Private Limited | Previous |
| Sunrise Builders And Developers Private Limited | Previous |
| Saltee Infrastructure Private Limited | Previous |
CIN history
Saltee Infrastructure has one previous CIN (Corporate Identification Number): U70101WB1995PTC072515. The current CIN is U70101WB1995PLC072515, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101WB1995PLC072515 | Current |
| U70101WB1995PTC072515 | Previous |
Contact details
Saltee Infrastructure Limited's registered office is in Kolkata, West Bengal. Its website is salteegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAe 40 Salt Lake City, Kolkata, West Bengal, India – 700064
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Saltee Infrastructure 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
Saltee Infrastructure operates one associated brand: Saltee Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A real estate company specializing in developing and managing residential and commercial properties. | salteegroup.com |
Business activity
The main business activity of Saltee Infrastructure is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Saltee Infrastructure Limited, buy the company report.
Financials of Saltee Infrastructure Limited
FY 2024 filings availableSaltee Infrastructure Limited reported revenue of ₹3.44 Cr (down 68% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 68% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA rose 99% 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 | -₹4.54 Lakh | ||||
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| Net Profit (PAT) | -₹75.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.3% | ||||
| Net Profit Margin | -21.9% | ||||
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To see the full financial statements and ratios of Saltee Infrastructure Limited, buy the company report.
Board of directors of Saltee Infrastructure Limited
Saltee Infrastructure has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anju Bagla | Director | 08 Feb 2014 | 12 Years 8 Months | Current |
| Varun Bagla | Director | 14 Jan 2019 | 7 Years 9 Months | Current |
| Nidhi Bagla | Director | 11 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Saltee Infrastructure Limited is audited by SALARPURIA & PARTNERS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SALARPURIA & PARTNERS | FY 2023 | 302113E |
Shareholding
The shareholding of Saltee Infrastructure Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saltee Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2017 | 100110627 | Others | ₹15 Cr | Satisfied | |
| 30 Dec 2015 | 10620231 | Others | ₹6 Cr | Satisfied | |
| 28 Mar 2015 | 10564282 | Karnataka Bank Ltd. | ₹10 Cr | Satisfied | |
| 09 Nov 2009 | 10187375 | State Bank of India | ₹18 Cr | Satisfied |
To see the full charge records of Saltee Infrastructure Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Saltee Infrastructure Limited has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹60.72 Cr; the latest was in March 2022.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2013 | Secondary share transfer | Undisclosed | Buyer: Parimala Mercantile Pvt Ltd Seller: an individual |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Saltee Assets Management Pvt Ltd Seller: Muskan Floris Private Limited , Diaspore Mercantile Private Limited , Veshnawi Vyapaar Private Limited |
| Mar 2011 | Funding round | ₹3.05 Cr | Investors: Muskan Floris Private Limited , Diaspore Mercantile Private Limited , Veshnawi Vyapaar Private Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Saltee Productions Private Limited Seller: GPT Estate Private Limited |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: Saltee Assets Management Pvt Ltd Seller: Hotex Merchandise Pvt. Ltd. , Contiloc Marketing Pvt Ltd |
To see the full deal history of Saltee Infrastructure 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
Saltee Infrastructure Limited has 55 court cases on record: 27 filed by Saltee Infrastructure, 28 filed against it. 16 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 18 | 5 |
| District courts | 22 | 9 | 9 |
| Supreme Court | 2 | 1 | 2 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Shivam Industrial Parks and Estates Limited | Pending |
| Supreme Court | Court case | Filed by the company against Shivam Industrial Parks and Estates Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Dhar Realtors Private Limited | Pending |
| District court, South Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Syndicate Plaza Pvt. Ltd. and 2 others | Pending |
| District court, South Twenty Four Parganas, West Bengal | Arbitration matter | Filed against the company by Syndicate Plaza Pvt. Ltd. and 2 others | Pending |
To see the full case history of Saltee Infrastructure 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 Saltee Infrastructure Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Saltee Infrastructure has 7 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Saltee Infrastructure Limited has a workforce of 12 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Saltee Infrastructure has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECS4854R1ZG | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saltee Infrastructure Limited, buy the company report.
Recent activity
Saltee Infrastructure Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Nidhi Bagla was appointed as Director on 11 Oct 2022.
13 earlier events are in the company report.
Frequently asked questions
Saltee Infrastructure is an active public limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 30 June 1995 (31+ years old) and is registered under CIN U70101WB1995PLC072515.
Saltee Infrastructure has 3 current directors:
- Anju Bagla - Director
- Varun Bagla - Director
- Nidhi Bagla - Director
The latest financial statements of Saltee Infrastructure on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Saltee Infrastructure is 19AAECS4854R1ZG, registered in West Bengal.
The CIN (Corporate Identification Number) of Saltee Infrastructure is U70101WB1995PLC072515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saltee Infrastructure has 55 court cases on record: 27 filed by the company and 28 filed against it. 16 are pending. Most are in the high courts.
Saltee Infrastructure was incorporated on 30 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Kolkata.
Saltee Infrastructure has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹60.72 Cr; the latest was in March 2022.
Nidhi Bagla was appointed as Director on 11 Oct 2022. Surya Prakash Bagla ceased to be Managing Director on 11 Oct 2022. Nidhi Bagla ceased to be Director on 17 Aug 2021. Saltee Infrastructure has 12 board changes on record in total.
Saltee Infrastructure can be reached through the website salteegroup.com. Its registered office is in Kolkata, West Bengal, India.