About Xrbia Developers Limited
Data last updated:
Xrbia Developers Limited is a public limited company based in Pune, Maharashtra, 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 22 September 2004.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45209PN2004PLC019772. Its GSTIN is 27AABCE5318F1ZW (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.16 Cr. It was formerly known as Eiffel Developers and Realtors Limited and Eiffel Infocity Private Limited. It is led by directors including Datta Phale and Yuvaraj Kisan Pawar.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Office No. 125/126 Patil Plaza Mitramandal Chowk Parvati, Pune, Maharashtra, India – 411009.
As per the financials filed for FY 2020, the company reported a revenue of ₹230.64 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹25.77 Lakh (net margin -0.1%) and EBITDA of ₹5.61 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
Its group structure includes 34 subsidiaries.
The company is associated with 1 brand: Xrbia. As per MCA filings, the company has open charges of ₹1,213.4 Cr and satisfied charges of ₹819.8 Cr on record. Court records list 88 cases involving the company, including 46 filed by the company and 42 filed against it; 24 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in June 2015. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Gera Properties Private Limited with revenue of ₹347.79 Cr.
The last known website on record is xrbia.com.
Name History
Xrbia Developers has undergone 3 name changes throughout its history. The company was previously known as Eiffel Developers And Realtors Limited, Eiffel Infocity Private Limited, and Eiffel Developers And Realtors Private Limited. The current legal name is Xrbia Developers Limited.
| Company Name | Status |
|---|---|
| Xrbia Developers Limited | Current |
| Eiffel Developers And Realtors Limited | Previous |
| Eiffel Infocity Private Limited | Previous |
| Eiffel Developers And Realtors Private Limited | Previous |
CIN History
Xrbia Developers has one previous CIN (Corporate Identification Number): U45209PN2004PTC019772. The current CIN is U45209PN2004PLC019772, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209PN2004PLC019772 | Current |
| U45209PN2004PTC019772 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. 125/126 Patil Plaza Mitramandal Chowk Parvati, Pune, Maharashtra, India – 411009
- 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
- One PDF report, delivered after checkout
Business Activity
The main business activity of Xrbia Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Xrbia Developers Limited
FY 2020 filings availableXrbia Developers Limited reported revenue of ₹230.64 Cr (up 36% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 36% growth in the latest year. EBITDA rose 4% 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 2019-20 | FY 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹230.64 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹5.61 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹25.77 Lakh | |
| Balance Sheet | ||
| Share Capital | •••• | |
| Reserves and Surplus | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2019-20 | FY 2015-16 to FY 2018-19in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 2.4% | |
| Net Profit Margin | -0.1% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2015-16 to FY 2018-19, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Xrbia Developers are in the company report.
: available in the company report
Board of Directors of Xrbia Developers Limited
Xrbia Developers has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Datta Phale | Director | 30 Sep 2022 | 4 Years 0 Months | As last reported |
| Yuvaraj Kisan Pawar Also directs: Xrbia Wanowrie Marketing LLP, Xrbia Kurla Marketing LLP, Xrbia Kharghar Marketing LLP and 5 more | Director | 30 Sep 2022 | 4 Years 0 Months | As last reported |
| Sachin Ashok Patil Also directs: Pinkrose Realty Private Limited, Eiffel India Infraprojects Private Limited, Eiffel Shelters Private Limited and 1 more | Director | 18 Sep 2023 | 3 Years 1 Months | As last reported |
Peer Comparison
Xrbia Developers Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gera Properties Private Limited | ₹347.79 Cr (FY 2021) | •••• | •••• | 47107.0% | •••• | Pune, Maharashtra, India |
| Shraddha Landmark Private Limited | ₹342.71 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Eldeco Sohna Projects Limited | ₹341.48 Cr (FY 2025) | •••• | •••• | 763.0% | •••• | Faridabad, Haryana, India |
| Xrbia Developers Limited this company | ₹230.64 Cr (FY 2020) | •••• | •••• | 36.0% | •••• | Pune, Maharashtra, India |
Peers are the companies nearest to Xrbia Developers by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Xrbia Developers Limited is audited by Rajnikant Mistry & Co for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rajnikant Mistry & Co | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jul 2022 | Others | ₹10 Cr | Open |
| 12 Nov 2021 | Others | ₹6.99 Cr | Open |
| 12 Nov 2021 | Others | ₹29 Cr | Open |
| 12 Nov 2021 | Others | ₹6 Cr | Open |
| 12 Nov 2021 | Others | ₹13 Cr | Open |
Total charge records: 40 View all charges
Deals & Funding
Xrbia Developers Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in June 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Funding round | ₹10 Cr | Investors: an individual |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Xrbia Developers Limited has 88 court cases on record: 46 filed by Xrbia Developers, 42 filed against it. 24 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 30 | 18 |
| High courts | 19 | 9 | 6 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Commercial suit | Filed against the company by Asset Reconstruction Company India Limited Through Jyoti Bhavsar | Pending |
| District court, Thane, Maharashtra | Court case (Other Misc.Cri.Appln) | Filed against the company by Ms Silvex Realty Pvt Ltd Through Its Director Shri Shailesh Mahadik | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary cases) | Filed against the company by New Consolidated Construction Company Limited | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Silvex Realty Private Limited | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Silvex Realty Pvt. Ltd. | Pending |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Xrbia Developers.
: available in the company report
Group Structure
Xrbia Developers has 34 subsidiary companies. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Jerbera Floriculture Private Limited | U01122PN2006PTC128985 | Locked |
| Karjat Sports Club Private Limited | U01403MH2007PTC170203 | Locked |
| Kasara Golf Course And Resorts Private Limited | U01403MH2007PTC176989 | Locked |
| Xrbia Hinjewadi Developers Private Limited | U45200DL2010PTC204015 | Locked |
| Xrbia North Hinjewadi Developers Private Limited | U45200PN2006PTC128984 | Locked |
| Eiffel Landmarks Private Limited | U45200PN2009PTC133874 | Locked |
Showing major subsidiaries. Total: 34.
Recent Activity
Xrbia Developers Limited has 22 board changes on record since 2008: 3 appointments and 19 cessations. The latest: Sachin Ashok Patil was appointed as Director on 18 Sep 2023.
99 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Xrbia Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCE5318F1ZW | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Xrbia 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.
Xrbia Developers is a company under insolvency, formerly operating as a public limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 September 2004 and is registered under CIN U45209PN2004PLC019772. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Xrbia Developers has 3 current directors:
- Datta Phale - Director
- Yuvaraj Kisan Pawar - Director
- Sachin Ashok Patil - Director
The latest financial statements of Xrbia Developers on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Xrbia Developers is U45209PN2004PLC019772. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xrbia Developers has open charges of ₹1,213.4 Cr and satisfied charges of ₹819.8 Cr as per latest MCA filings.
Xrbia Developers has 88 court cases on record: 46 filed by the company and 42 filed against it. 24 are pending. Most are in the district courts.
Xrbia Developers was incorporated on 22 September 2004. It is registered with the Registrar of Companies, Pune.
Xrbia Developers has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹10 Cr; the latest was in June 2015.
The peers of Xrbia Developers by revenue are Gera Properties Private Limited, Shraddha Landmark Private Limited, Eldeco Sohna Projects Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Sachin Ashok Patil was appointed as Director on 18 Sep 2023. Rahul Rasiklal Nahar ceased to be Managing Director on 30 Oct 2022. Datta Phale was appointed as Director on 30 Sep 2022. Xrbia Developers has 22 board changes on record in total.