About Tarun Realtors Private Limited
Data last updated:
Tarun Realtors Private Limited is a private limited company based in Bangalore, Karnataka, 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 06 December 2004.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U07010KA2004PTC035166. Its GSTIN is 29AACCT1512D1ZS (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹37.58 Lakh. It is led by directors including Amit Bhushan and Subramanian Baaskaran.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No 41 Vittal Malya Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2019, the company reported a revenue of ₹25.77 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹84.72 Lakh (net margin -328.8%) and EBITDA of -₹32.39 Lakh (EBITDA margin -125.7%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years.
As per MCA filings, the company has open charges of ₹350 Cr on record. Court records list 39 cases involving the company, including 7 filed by the company and 36 filed against it; 11 cases are pending. The company has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹142.89 Cr; the latest was in September 2018.
The last known website on record is mantri.in.
Company details
Contact details
Tarun Realtors Private Limited's registered office is in Bangalore, Karnataka. Its website is mantri.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 41 Vittal Malya Road, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Tarun Realtors 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 Tarun Realtors 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 |
Financials of Tarun Realtors Private Limited
FY 2019 filings availableTarun Realtors Private Limited reported revenue of ₹25.77 Lakh (up 2810% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 48% over three years. EBITDA fell 107% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹25.77 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹32.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹84.72 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
| Total Liabilities | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -125.7% | ||||
| Net Profit Margin | -328.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Tarun Realtors Private Limited, buy the company report.
Board of directors of Tarun Realtors Private Limited
Tarun Realtors has 6 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Bhushan | Director | 04 Sep 2018 | 8 Years 2 Months | As last reported |
| Subramanian Baaskaran | Director | 31 Mar 2017 | 9 Years 7 Months | As last reported |
| Ashok Gupta Also directs: Brightbridge Advisors LLP, Brightbridge Advisory Services LLP, Bold Renewables LLP and 5 more | Director | 04 Sep 2018 | 8 Years 2 Months | As last reported |
| Ayant Gupta Also directs: Alliance Corporate Advisors Private Limited | Director | 09 Jul 2019 | 7 Years 3 Months | As last reported |
| Bharat Dixit Madhukar | Director | 28 May 2019 | 7 Years 5 Months | As last reported |
| Venkata Subbarao Kalva Also directs: Icodex Publishing Solutions Limited, Best Valuers Private Limited | Irp/Rp/Liquidator | 13 May 2024 | 2 Years 5 Months | As last reported |
Auditor
Tarun Realtors Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2019 | 101049W/E300004 |
Shareholding
The shareholding of Tarun Realtors Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Tarun Realtors Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Apr 2017 | 100091171 | Others | ₹350 Cr | Open |
To see the full charge records of Tarun Realtors Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Tarun Realtors Private Limited has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹142.89 Cr; the latest was in September 2018.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2012 | Funding round | ₹52.74 Cr | Investors: Virtuous Retail Pte Limited, Mantri Developers Private Limited, Ephesus Holdings Pte Ltd |
| Jun 2012 | Funding round | ₹15.8 Lakh | Investors: Mantri Developers Private Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Mantri Developers Private Limited Seller: Mantri Homes Private Limited , an individual |
| Jan 2007 | Secondary share transfer | Undisclosed | Buyer: Mantri Homes Private Limited , an individual Seller: 2 individuals |
To see the full deal history of Tarun Realtors Private 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
Tarun Realtors Private Limited has 39 court cases on record: 7 filed by Tarun Realtors, 36 filed against it. 11 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 16 | 7 |
| High courts | 11 | 9 | 4 |
| NCLAT | 9 | 8 | 0 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Propcare Developers Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Chiron Life Science Private Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Saha Infrastructures Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Bangalore Dor Tech Pvt.Ltd., | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Propcare Developers Private Limited | Disposed |
To see the full case history of Tarun Realtors 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.
Credit ratings & regulatory alerts
Tarun Realtors Private Limited was last rated by Brickwork on 25 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 25 Jan 2021 |
To see the full credit ratings and regulatory alerts of Tarun Realtors Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tarun Realtors Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tarun Realtors has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCT1512D1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tarun Realtors Private Limited, buy the company report.
Recent activity
Tarun Realtors Private Limited has 30 board changes on record since 2007: 6 appointments and 24 cessations. The latest: Venkata Subbarao Kalva was appointed as Irp/Rp/Liquidator on 13 May 2024.
23 earlier events are in the company report.
Frequently asked questions
Tarun Realtors 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.
Tarun Realtors is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 06 December 2004 and is registered under CIN U07010KA2004PTC035166. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tarun Realtors has 6 current directors:
- Amit Bhushan - Director
- Subramanian Baaskaran - Director
- Ashok Gupta - Director
- Ayant Gupta - Director
- Bharat Dixit Madhukar - Director
- Venkata Subbarao Kalva - Irp/Rp/Liquidator
The latest financial statements of Tarun Realtors on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tarun Realtors is U07010KA2004PTC035166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tarun Realtors has open charges of ₹350 Cr and no satisfied charges on record as per latest MCA filings.
Tarun Realtors has 39 court cases on record: 7 filed by the company and 36 filed against it. 11 are pending. Most are in the district courts.
Tarun Realtors was incorporated on 06 December 2004. It is registered with the Registrar of Companies, Bangalore.
Tarun Realtors has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹142.89 Cr; the latest was in September 2018.
Venkata Subbarao Kalva was appointed as Irp/Rp/Liquidator on 13 May 2024. Amit Bhushan ceased to be Director on 09 Jun 2022. Ashok Gupta ceased to be Director on 09 Jun 2022. Tarun Realtors has 30 board changes on record in total.
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