Vardhman Estates and Developers Private Limited
About Vardhman Estates and Developers Private Limited
Data last updated:
Vardhman Estates and Developers Private Limited is a private 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 marketing and sales segment of the real estate and construction sector. It was incorporated on 24 September 1996.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL1996PTC082197. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.12 Cr. It is led by directors including Devendra Umrao (Irp/Rp/Liquidator) and Harinder Bashista.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 401 4th Floor Shahpuri Tirath Singh Tower C – 58 Janakpuri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2022, the company reported a revenue of ₹11.48 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹51.22 Lakh (net margin 4.5%) and EBITDA of ₹71.38 Lakh (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 44% over five years.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 73 cases involving the company, including 7 filed by the company and 66 filed against it; 6 cases are pending.
Company details
Contact details
Vardhman Estates and Developers Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address401 4th Floor Shahpuri Tirath Singh Tower C – 58 Janakpuri, New Delhi, Delhi, India – 110058
- IndustryReal Estate and Construction, Real Estate Marketing & Sales
To see the full contact details of Vardhman Estates and 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
Business activity
The main business activity of Vardhman Estates and Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Vardhman Estates and Developers Private Limited, buy the company report.
Financials of Vardhman Estates and Developers Private Limited
FY 2022 filings availableVardhman Estates and Developers Private Limited reported revenue of ₹11.48 Cr (up 56% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 56% growth in the latest year. EBITDA fell 43% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹11.48 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹71.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹51.22 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 4.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Vardhman Estates and Developers Private Limited, buy the company report.
Board of directors of Vardhman Estates and Developers Private Limited
Vardhman Estates and Developers has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Umrao | Irp/Rp/Liquidator | 09 Dec 2024 | 1 Years 10 Months | As last reported |
| Harinder Bashista Also directs: Vardhman Infrabuild Private Limited, Vardhman Realtech Private Limited, Zestha Projects Private Limited and 3 more | Director | 11 Jan 2008 | 18 Years 9 Months | As last reported |
| Raju Verma Also directs: Vardhman Infrabuild Private Limited, Vardhman Realtech Private Limited, Zestha Projects Private Limited and 2 more | Director | 11 Jan 2008 | 18 Years 9 Months | As last reported |
Auditor
Vardhman Estates and Developers Private Limited is audited by Yashpal Jindal & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Yashpal Jindal & Co | FY 2022 | 558673 |
Shareholding
The shareholding of Vardhman Estates and Developers Private Limited is on record for 4 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 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vardhman Estates and Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2015 | 10581717 | Moneywise Financial Services Private Limited | ₹5 Cr | Satisfied |
To see the full charge records of Vardhman Estates and Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vardhman Estates and Developers Private Limited has 73 court cases on record: 7 filed by Vardhman Estates and Developers, 66 filed against it. 6 cases are pending and 67 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 42 | 42 | 5 |
| NCLT | 15 | 15 | 0 |
| High courts | 12 | 6 | 1 |
| Supreme Court | 3 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against Vardhman Infra Developers Pvt. Ltd. Thru. Ar , New Delhi and 3 others | Disposed |
| District court, New Delhi, Delhi | Execution petition | Filed against the company by Royal Orchid Hotels Ltd. | Disposed |
| District court, West, Delhi | Execution petition | Filed against the company by RMC Infraprojects Pvt Ltd | Disposed |
| District court, East, Delhi | Criminal case | Filed against the company by M/S Pyramine Corporate Services Private Limited | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Vardhman Estates and 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 Vardhman Estates and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vardhman Estates and Developers Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Vardhman Estates and Developers has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vardhman Estates and Developers Private Limited, buy the company report.
Recent activity
Vardhman Estates and Developers Private Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Devendra Umrao was appointed as Irp/Rp/Liquidator on 09 Dec 2024.
4 earlier events are in the company report.
Frequently asked questions
Vardhman Estates and Developers 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.
Vardhman Estates and Developers is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate marketing and sales, within the real estate and construction industry. It was incorporated on 24 September 1996 and is registered under CIN U70101DL1996PTC082197. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vardhman Estates and Developers has 3 current directors:
- Harinder Bashista - Director
- Raju Verma - Director
- Devendra Umrao - Irp/Rp/Liquidator
The latest financial statements of Vardhman Estates and Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vardhman Estates and Developers is U70101DL1996PTC082197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhman Estates and Developers has no open charges and satisfied charges of ₹5 Cr as per latest MCA filings.
Vardhman Estates and Developers has 73 court cases on record: 7 filed by the company and 66 filed against it. 6 are pending. Most are in the district courts.
Vardhman Estates and Developers was incorporated on 24 September 1996. It is registered with the Registrar of Companies, Delhi.
Devendra Umrao was appointed as Irp/Rp/Liquidator on 09 Dec 2024. Mukesh Gupta ceased to be Irp/Rp/Liquidator on 09 Dec 2024. Jaideep Aggarwal ceased to be Additional Director on 26 Sep 2013. Vardhman Estates and Developers has 11 board changes on record in total.
The registered office of Vardhman Estates and Developers is at 401 4th Floor Shahpuri Tirath Singh Tower C – 58 Janakpuri, New Delhi, Delhi, India – 110058.
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