Virtue Land Developers Private Limited
About Virtue Land Developers Private Limited
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Virtue Land Developers Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U70102PB2014PTC038998. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ankit Sidana and Amit Mangla.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at SCO 5 Sector 54 Village Madanpur, Mohali, Punjab, India – 160055.
As per the financials filed for FY 2018, the company reported a revenue of ₹44.39 Lakh, a decline of 39% compared to the previous year. For the same year it recorded EBITDA of ₹78.72 Lakh (EBITDA margin 177.3%).
As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Virtue Land Developers Private Limited's registered office is in Mohali, Punjab.
- Registered AddressSCO 5 Sector 54 Village Madanpur, Mohali, Punjab, India – 160055
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Virtue Land Developers 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 Virtue Land Developers Private Limited, buy the company report.
Financials of Virtue Land Developers Private Limited
FY 2018 filings availableVirtue Land Developers Private Limited reported revenue of ₹44.39 Lakh (down 39% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 39% in the latest year. EBITDA fell 12% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹78.72 Lakh | |||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA Margin | 177.3% | |||
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To see the full financial statements and ratios of Virtue Land Developers Private Limited, buy the company report.
Board of directors of Virtue Land Developers Private Limited
Virtue Land Developers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Sidana | Director | 28 Oct 2014 | 11 Years 11 Months | Current |
| Amit Mangla | Director | 30 Oct 2018 | 7 Years 11 Months | Current |
Peer comparison
Virtue Land Developers Private 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 |
|---|---|---|---|---|---|---|
| TKP Properties Private Limited | ₹44.4 Lakh (FY 2024) | 0.0% | Kolkata, West Bengal, India | |||
| Virtue Land Developers Private Limitedthis company | ₹44.39 Lakh (FY 2018) | -39.0% | Mohali, Punjab, India | |||
| Star Estates Management Limited. | ₹44.38 Lakh (FY 2024) | -65.0% | New Delhi, Delhi, India | |||
| Arora Farms Pvt Ltd | ₹44.35 Lakh (FY 2025) | -6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Virtue Land Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2016 | 100058949 | Others | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Virtue Land Developers Private Limited has 6 court cases on record: 1 filed by Virtue Land Developers, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mohali, Punjab | Civil suit | Filed by the company against Ms Bajwa Developers Ltd and 1 other | Disposed |
| District court, SAS Nagar, Punjab | Cheque dishonour complaint | Filed against the company by Selvel Media Services Pvt. Ltd. | Disposed |
| District court, SAS Nagar, Punjab | Cheque dishonour complaint | Filed against the company by Aniweb Designs Pvt. Ltd | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by M/S New Furniture Solutions | Disposed |
| District court, SAS Nagar, Punjab | Cheque dishonour complaint | Filed against the company by an individual | Disposed |
To see the full case history of Virtue Land 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 Virtue Land Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virtue Land Developers has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Virtue Land Developers Private Limited, buy the company report.
Recent activity
Virtue Land Developers Private Limited has 4 board changes on record since 2014: 2 appointments and 2 cessations. The latest: Amit Mangla was appointed as Director on 30 Oct 2018.
Frequently asked questions
Virtue Land Developers is an active private limited company based in Mohali, Punjab, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 October 2014 (12+ years old) and is registered under CIN U70102PB2014PTC038998.
Virtue Land Developers has 2 current directors:
- Ankit Sidana - Director
- Amit Mangla - Director
The latest financial statements of Virtue Land Developers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Virtue Land Developers has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Virtue Land Developers is U70102PB2014PTC038998. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virtue Land Developers has 6 court cases on record: 1 filed by the company and 5 filed against it.
Virtue Land Developers was incorporated on 28 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Virtue Land Developers by revenue are TKP Properties Private Limited, Star Estates Management Limited, Arora Farms Pvt Ltd, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Amit Mangla was appointed as Director on 30 Oct 2018. Asha Sidana ceased to be Director on 30 Oct 2018. Daljit Singh ceased to be Director on 11 Oct 2017. Virtue Land Developers has 4 board changes on record in total.
The registered office of Virtue Land Developers is at SCO 5 Sector 54 Village Madanpur, Mohali, Punjab, India – 160055.
Virtue Land Developers operates in the real estate and construction industry, in the real estate builders and developers segment.