About Spaze Towers Private Limited
Data last updated:
Spaze Towers Private Limited is a private limited company based in Gurgaon, Haryana, 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 27 January 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45201HR2006PTC096709. Its GSTIN is 06AACCK8088R1ZN (Haryana).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹19.8 Cr. It was formerly known as Ks Estate Developers and Promoters Private Limited. It is led by directors including Bharat Kumar Bhushan and Deepak Kumar.
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 Sector 47, Gurgaon, Haryana.
As per the financials filed for FY 2023, the company reported a revenue of ₹35.25 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹34.58 Lakh (net margin 1%) and EBITDA of ₹1.25 Cr (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years.
The company has about 32 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹29.66 Cr and satisfied charges of ₹181.78 Cr on record. Court records list 205 cases involving the company, including 49 filed by the company and 157 filed against it; 49 cases are pending.
The last known website on record is spazegroups.in.
Company details
CIN history
Spaze Towers has one previous CIN (Corporate Identification Number): U45201DL2006PTC145529. The current CIN is U45201HR2006PTC096709, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201HR2006PTC096709 | Current |
| U45201DL2006PTC145529 | Previous |
Contact details
Spaze Towers Private Limited's registered office is in Gurgaon, Haryana. Its website is spazegroups.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnits No. 714 To 724 And 726 – 726A, 7th Floor Spaze Platinum Tower Sector 47 Gurugram India, Gurgaon, Haryana, India – 122002
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Spaze Towers 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 Spaze Towers 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 Spaze Towers Private Limited, buy the company report.
Financials of Spaze Towers Private Limited
FY 2023 filings availableSpaze Towers Private Limited reported revenue of ₹35.25 Cr (down 72% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over three years, including a 72% fall in the latest year. EBITDA rose 102% 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 | ₹35.25 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.58 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Short-term Borrowings | |||||
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| 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 | 3.5% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Spaze Towers Private Limited, buy the company report.
Board of directors of Spaze Towers Private Limited
Spaze Towers has 7 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Kumar Bhushan | Director | 12 Mar 2007 | 19 Years 7 Months | As last reported |
| Deepak Kumar | Director | 15 Jul 2006 | 20 Years 3 Months | As last reported |
| Narender Kumar Sharma Also directs: Daksh Compliance Management Private Limited | Irp/Rp/Liquidator | 07 Mar 2025 | 1 Years 7 Months | As last reported |
| Harpal Singh Chawla Also directs: BLVD Facilities LLP, Raj Realtech Private Limited, Wellworth Housing Private Limited and 4 more | Director | 12 Mar 2007 | 19 Years 7 Months | As last reported |
| Vipin Sharma Also directs: Trade Centre Hospitality LLP, BLVD Facilities LLP, Spaze Leasing Services LLP and 5 more | Director | 12 Mar 2007 | 19 Years 7 Months | As last reported |
| Aman Sharma | Director | 08 Jul 2006 | 20 Years 3 Months | As last reported |
Peer comparison
Spaze Towers Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| LHP Infrastructure Private Limited | ₹35.33 Cr (FY 2024) | 7066060.0% | Ahmedabad, Gujarat, India | |||
| Annika Promoters Private Limited | ₹35.33 Cr (FY 2021) | -11.0% | New Delhi, Delhi, India | |||
| Spaze Towers Private Limitedthis company | ₹35.25 Cr (FY 2023) | ₹34.58 Lakh | 1% | -72.0% | 32 | Gurgaon, Haryana, India |
| Muthammal Estates Private Limited | ₹35.24 Cr (FY 2025) | 281.0% | Chennai, Tamil Nadu, India | |||
| Marathon Panvel Infrastructures Private Limited | ₹35.21 Cr (FY 2025) | Mumbai, Maharashtra, India |
To see the full peer comparison of Spaze Towers Private Limited, buy the company report.
Auditor
Spaze Towers Private Limited is audited by Arora and Bansal for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Arora and Bansal | FY 2023 | 003368N |
Shareholding
The shareholding of Spaze Towers Private 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 Spaze Towers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2023 | 100696933 | Others | ₹3.01 Cr | Open | |
| 16 Mar 2023 | 100698622 | Others | ₹4 Cr | Open | |
| 31 Jan 2023 | 100677209 | Others | ₹3 Cr | Open | |
| 15 Feb 2021 | 100424245 | Others | ₹8.1 Lakh | Open | |
| 22 Oct 2010 | 10251561 | Axis Bank Limited | ₹19.57 Cr | Open |
To see the full charge records of Spaze Towers Private Limited, buy the company report.
Total charge records: 64 View all charges
Legal cases
Spaze Towers Private Limited has 205 court cases on record: 49 filed by Spaze Towers, 157 filed against it. 49 cases are pending and 156 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 110 | 87 | 40 |
| NCLAT | 39 | 38 | 6 |
| High courts | 36 | 20 | 3 |
| NCLT | 12 | 10 | 0 |
| Supreme Court | 8 | 2 | 0 |
Cases on record (5 of 205)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Court case (Restoration App) | Filed against the company by Bonny Baby Care Pvt. Ltd. and 55 others | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bonny Baby Care Pvt. Ltd. and 55 others | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Harpal Singh Chawla ;Suspended Director of Spaze Towers Private Limited; | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Zygote Infratech Pvt. Ltd. Through Its Authorised Signatory and 87 others | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Gaurav Katiyar Interim Resolution Professional for Spaze Towers Private Limited and 26 others | Disposed |
To see the full case history of Spaze Towers 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
Spaze Towers Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 25 overdue payments to 5 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 5)
To see the full MSME payment records of Spaze Towers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Spaze Towers has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Raj Realtech Private Limited | U45400HR2007PTC093997 | |
| Wellworth Housing Private Limited | U45400HR2007PTC094000 |
To see the full group structure of Spaze Towers Private Limited, buy the company report.
Employees & EPFO
Spaze Towers Private Limited has a workforce of 32 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Spaze Towers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCK8088R1ZN | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spaze Towers Private Limited, buy the company report.
Recent activity
Spaze Towers Private Limited has 11 board changes on record since 2006: 7 appointments and 4 cessations. The latest: Gaurav Katiyar ceased to be Irp/Rp/Liquidator on 07 Mar 2025.
132 earlier events are in the company report.
Frequently asked questions
Spaze Towers 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.
Spaze Towers is a company under insolvency, formerly operating as a private limited company based in Gurgaon, Haryana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 January 2006 and is registered under CIN U45201HR2006PTC096709. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spaze Towers has 7 current directors:
- Bharat Kumar Bhushan - Director
- Deepak Kumar - Director
- Harpal Singh Chawla - Director
- Vipin Sharma - Director
- Aman Sharma - Director
- Jaspal Singh Chawla - Director
- Narender Kumar Sharma - Irp/Rp/Liquidator
The latest financial statements of Spaze Towers 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 CIN (Corporate Identification Number) of Spaze Towers is U45201HR2006PTC096709. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spaze Towers has open charges of ₹29.66 Cr and satisfied charges of ₹181.78 Cr as per latest MCA filings.
Spaze Towers has 205 court cases on record: 49 filed by the company and 157 filed against it. 49 are pending. Most are in the district courts.
Spaze Towers was incorporated on 27 January 2006. It is registered with the Registrar of Companies, Delhi.
The peers of Spaze Towers by revenue are LHP Infrastructure Private Limited, Annika Promoters Private Limited, Muthammal Estates Private Limited, Marathon Panvel Infrastructures 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).
Gaurav Katiyar ceased to be Irp/Rp/Liquidator on 07 Mar 2025. Narender Kumar Sharma was appointed as Irp/Rp/Liquidator on 07 Mar 2025. Arvinder Dhingra ceased to be Director on 27 May 2016. Spaze Towers has 11 board changes on record in total.
Spaze Towers has 4 MSME Form 1 returns on record between 2022 and 2023, listing 25 overdue payments to 5 micro and small suppliers. The latest return was filed on 21 Oct 2023.
Spaze Towers can be reached through the website spazegroups.in. Its registered office is in Gurgaon, Haryana, India.