About Shipra Estate Limited
Data last updated:
Shipra Estate Limited is a public 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 26 October 1987.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL1987PLC029594. Its GSTIN is 03AACCS6116J1ZK (Punjab). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.11 Cr. It was formerly known as Shipra Estate Private Limited. It is led by directors including Mohit Singh (Managing Director) and Gyanendra Pratap Singh.
Its last annual general meeting (AGM) was held on 15 April 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Flat No – 502 502 – A 5th Floor 23 Barakhamba Road Narain Manzil, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2021, the company reported a revenue of ₹11.96 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹168.31 Cr and EBITDA of ₹33.7 Cr (EBITDA margin 281.7%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 54% over five years.
The company has about 47 employees on its provident fund (EPFO) records. Its group structure includes 13 subsidiaries.
The company is associated with 1 brand: Shipra. As per MCA filings, the company has open charges of ₹2,169.77 Cr and satisfied charges of ₹2,324.79 Cr on record. Court records list 257 cases involving the company, including 81 filed by the company and 177 filed against it; 84 cases are pending. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in July 2013. 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, 2 larger and 1 smaller; the largest is Lahari Infrastructure Private Limited with revenue of ₹11.98 Cr. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 109 overdue payments to 28 micro and small suppliers.
The last known website on record is shipraworld.com.
Company details
Contact details
Shipra Estate Limited's registered office is in New Delhi, Delhi. Its website is shipraworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No – 502 502 – A 5th Floor 23 Barakhamba Road Narain Manzil, New Delhi, Delhi, India – 110001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Shipra Estate 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
Shipra Estate operates one associated brand: Shipra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A real estate development company focused on residential, commercial, and retail properties. | shipraworld.com |
Business activity
The main business activity of Shipra Estate 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 Shipra Estate Limited, buy the company report.
Financials of Shipra Estate Limited
FY 2021 filings availableShipra Estate Limited reported revenue of ₹11.96 Cr (down 92% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 92% fall in the latest year. EBITDA rose 167% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.96 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹168.31 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 281.7% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Shipra Estate Limited, buy the company report.
Board of directors of Shipra Estate Limited
Shipra Estate has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Singh | Managing Director | 24 Jul 2001 | 25 Years 3 Months | As last reported |
| Gyanendra Pratap Singh | Director | 22 Jun 2018 | 8 Years 4 Months | As last reported |
| Rajesh Kumar Tiwari | Additional Director | 18 Aug 2023 | 3 Years 2 Months | As last reported |
| Neeraj Walia | Additional Director | 18 Aug 2023 | 3 Years 2 Months | As last reported |
Peer comparison
Shipra Estate 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 |
|---|---|---|---|---|---|---|
| Lahari Infrastructure Private Limited | ₹11.98 Cr (FY 2024) | 36.0% | Hyderabad, Telangana, India | |||
| Astavakr Infrastructure Private Limited | ₹11.97 Cr (FY 2025) | 390.0% | Indore, Madhya Pradesh, India | |||
| Shipra Estate Limitedthis company | ₹11.96 Cr (FY 2021) | -₹168.31 Cr | -92.0% | 47 | New Delhi, Delhi, India | |
| Tulsi Infraheights Private Limited | ₹11.96 Cr (FY 2022) | 0.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Shipra Estate Limited, buy the company report.
Auditor
Shipra Estate Limited is audited by MATTA GARG & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MATTA GARG & CO | FY 2021 | 000914C |
Shareholding
The shareholding of Shipra Estate 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 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shipra Estate Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2022 | 100579771 | Others | ₹83.95 Cr | Open | |
| 30 Nov 2021 | 100548277 | Others | ₹16 Cr | Open | |
| 30 Dec 2020 | 100415191 | Others | ₹40 Cr | Open | |
| 15 Dec 2020 | 100396147 | Others | ₹10.84 Cr | Open | |
| 18 Aug 2020 | 100364790 | Others | ₹445 Cr | Open |
To see the full charge records of Shipra Estate Limited, buy the company report.
Total charge records: 49 View all charges
Deals & funding
Shipra Estate Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in July 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Secondary share transfer | Undisclosed | Seller: Landmark Holdings Pvt Ltd |
| Oct 2008 | Acquisition | ₹42.31 Cr | Buyer: Landmark Holdings Pvt Ltd |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shipra Estate Limited has 257 court cases on record: 81 filed by Shipra Estate, 177 filed against it. 84 cases are pending and 173 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 116 | 93 | 56 |
| High courts | 91 | 48 | 22 |
| Supreme Court | 31 | 24 | 4 |
| NCLAT | 14 | 7 | 2 |
| NCLT | 5 | 5 | 0 |
Cases on record (5 of 257)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Sammaan Capital Ltd As Indian Bull Housing Finance Ltd and 1 other | Pending |
| District court, South East, Delhi | Revision petition | Filed against the company by Renaissance Infratech Pvt Limited and 1 other | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Morgan Asia Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Restoration App) | Filed against the company by Icons Projects India Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Court case (Restoration App) | Filed against the company by Interactive Communication Services India Private Limited | Pending |
To see the full case history of Shipra Estate 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
Shipra Estate Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 109 overdue payments to 28 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 28)
To see the full MSME payment records of Shipra Estate Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Shipra Estate has 13 subsidiary companies and 5 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Zest Towers Private Limited | U45200DL2008PTC176482 | |
| Tudor Estates Private Limited | U45200DL2008PTC176483 | |
| Epitome Developers Private Limited | U45200DL2008PTC177151 | |
| Kadam Developers Private Limited | U45300DL2007PTC167438 | |
| Shipra Homes Private Limited | U45400DL2008PTC176284 | |
| Barque Infrastructure Private Limited | U45400DL2008PTC176285 |
To see the full group structure of Shipra Estate Limited, buy the company report.
Employees & EPFO
Shipra Estate Limited has a workforce of 47 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Shipra Estate has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCS6116J1ZK | Punjab | Active | 01 Jul 2017 |
| 09AACCS6116J1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shipra Estate Limited, buy the company report.
Recent activity
Shipra Estate Limited has 16 board changes on record since 2001: 4 appointments and 12 cessations. The latest: Faisal Intikhab Chisti ceased to be Additional Director on 18 Aug 2023.
104 earlier events are in the company report.
Frequently asked questions
Shipra Estate 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.
Shipra Estate is a company under insolvency, formerly operating as a public 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 26 October 1987 and is registered under CIN U70101DL1987PLC029594. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shipra Estate has 4 current directors:
- Mohit Singh - Managing Director
- Gyanendra Pratap Singh - Director
- Rajesh Kumar Tiwari - Additional Director
- Neeraj Walia - Additional Director
The latest financial statements of Shipra Estate on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 April 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shipra Estate is U70101DL1987PLC029594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shipra Estate has open charges of ₹2,169.77 Cr and satisfied charges of ₹2,324.79 Cr as per latest MCA filings.
Shipra Estate has 257 court cases on record: 81 filed by the company and 177 filed against it. 84 are pending. Most are in the district courts.
Shipra Estate was incorporated on 26 October 1987. It is registered with the Registrar of Companies, Delhi.
Shipra Estate has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in July 2013.
The peers of Shipra Estate by revenue are Lahari Infrastructure Private Limited, Astavakr Infrastructure Private Limited, Tulsi Infraheights Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Faisal Intikhab Chisti ceased to be Additional Director on 18 Aug 2023. Neeraj Walia was appointed as Additional Director on 18 Aug 2023. Rajesh Kumar Tiwari was appointed as Additional Director on 18 Aug 2023. Shipra Estate has 16 board changes on record in total.
Shipra Estate has 13 MSME Form 1 returns on record between 2018 and 2024, listing 109 overdue payments to 28 micro and small suppliers. The latest return was filed on 02 May 2024.
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