About Ozone Projects Private Limited
Data last updated:
Ozone Projects Private Limited is a private limited company based in Chennai, Tamil Nadu, 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 13 July 2005.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70101TN2005PTC056894. Its GSTIN is 33AAACO7589D1ZD (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹143.58 Cr. It is led by directors including Vasudevan Sathyamoorthy (Managing Director) and Rajendran Shanmugam (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 12 December 2019, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2020, the company reported a revenue of ₹319.93 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹20.22 Cr (net margin -6.3%) and EBITDA of -₹24.79 Cr (EBITDA margin -7.7%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 7% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,887.26 Cr and satisfied charges of ₹3,400.29 Cr on record. Court records list 298 cases involving the company, including 89 filed by the company and 211 filed against it; 63 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹133.33 Cr; the latest was in November 2012. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger and 2 smaller; the largest is Elan Limited with revenue of ₹324.85 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 202 overdue payments to 15 micro and small suppliers.
The last known website on record is ozonegroup.com.
Company details
Contact details
Ozone Projects Private Limited's registered office is in Chennai, Tamil Nadu. Its website is ozonegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNew No.63 G.N.Chetty Road, T. Nagar India, Chennai, Tamil Nadu, India – 600017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ozone Projects 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 Ozone Projects 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 Ozone Projects Private Limited, buy the company report.
Financials of Ozone Projects Private Limited
FY 2020 filings availableOzone Projects Private Limited reported revenue of ₹319.93 Cr (up 66% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 66% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 303% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹319.93 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹24.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.22 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.7% | ||||
| Net Profit Margin | -6.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ozone Projects Private Limited, buy the company report.
Board of directors of Ozone Projects Private Limited
Ozone Projects has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendran Shanmugam | Irp/Rp/Liquidator | 23 May 2023 | 3 Years 5 Months | As last reported |
| Sathya Moorthy Sai Prasad Also directs: Ozone Lifestyle Projects Private Limited, Ozone Realtors Private Limited, Ozone Infra Con Private Limited and 5 more | Director | 30 Jun 2017 | 9 Years 3 Months | As last reported |
| Vasudevan Sathyamoorthy Also directs: Ozone Lifestyle Projects Private Limited, Ozone Shelters Private Limited, Ozone Leisure and Resorts Private Limited and 5 more | Managing Director | 13 Jul 2005 | 21 Years 3 Months | As last reported |
| Ashvany Kumar Bansal | Nominee Director | 28 Nov 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Ozone Projects Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elan Limited | ₹324.85 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Cci Projects Private Limited | ₹321.16 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Saha Infratech Private Limited | ₹320.32 Cr (FY 2018) | 39782.0% | Delhi, India | |||
| Ozone Projects Private Limitedthis company | ₹319.93 Cr (FY 2020) | -₹20.22 Cr | -6.3% | 66.0% | 26 | Chennai, Tamil Nadu, India |
| JP Iscon Private Limited | ₹319.39 Cr (FY 2024) | 4.0% | Ahmedabad, Gujarat, India | |||
| GLS Infratech Private Limited | ₹318.66 Cr (FY 2025) | 40.0% | Gurugram, Haryana, India |
To see the full peer comparison of Ozone Projects Private Limited, buy the company report.
Auditor
Ozone Projects Private Limited is audited by Pani & Associates for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pani & Associates | FY 2020 | 05025S |
Shareholding
The shareholding of Ozone Projects Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Ozone Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2022 | 100585781 | Others | ₹2.8 Cr | Open | |
| 30 May 2022 | 100599158 | Others | ₹3.09 Cr | Open | |
| 20 Dec 2021 | 100518090 | Others | ₹542.07 Cr | Open | |
| 23 Jul 2020 | 100386685 | Others | ₹170 Cr | Open | |
| 14 Jul 2020 | 100355914 | Others | ₹36 Cr | Open |
To see the full charge records of Ozone Projects Private Limited, buy the company report.
Total charge records: 31 View all charges
Deals & funding
Ozone Projects Private Limited has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹133.33 Cr; the latest was in November 2012.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2012 | Acquisition | ₹350.96 Cr | Buyer: The Xander Group |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: Shinano Retail Private Limited Seller: Reliance Energy and Project Development Limited |
| Jan 2009 | Funding round | ₹133.33 Cr | Investors: Ozone Propex Private Limited , Hdfc Ventures Trustee Company Limited, Urban Infrastructure Venture Capital |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Urban Infrastructure Venture Capital, Ozone Propex Private Limited , Reliance Energy and Project Development Limited Seller: Reliance Entertainment Networks Private Limited , an individual |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: Reliance Entertainment Networks Private Limited , Ozone Propex Private Limited Seller: Ruchi Infrastructure Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ozone Projects Private Limited has 298 court cases on record: 89 filed by Ozone Projects, 211 filed against it. 63 cases are pending and 235 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 212 | 151 | 47 |
| District courts | 48 | 35 | 13 |
| NCLT | 16 | 11 | 0 |
| NCLAT | 16 | 11 | 3 |
| Supreme Court | 6 | 3 | 0 |
Cases on record (5 of 298)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Axis Finance Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Axis Finance Ltd. | Pending |
| Madras High Court | Writ petition | Filed against the company by Ucon PT Structural System Private Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed by the company against Shapoorji Pallonji and Company Private Limited | Pending |
| High Court | Appeal | Filed against the company by Urban Infrastructure Trustees Limited | Disposed |
To see the full case history of Ozone Projects 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
Ozone Projects Private Limited was last rated by Care on 27 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Aug 2021 |
To see the full credit ratings and regulatory alerts of Ozone Projects Private Limited, buy the company report.
MSME payment delays
Ozone Projects Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 202 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Green and Grow Water Treatment Pvt Ltd | |||
| an individual supplier | |||
| Ranga Electricals Private Limited | |||
| D S Enterprises | |||
| Symtec Engineers Private Limited |
To see the full MSME payment records of Ozone Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ozone Projects Private Limited has a workforce of 26 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Ozone Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACO7589D1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ozone Projects Private Limited, buy the company report.
Recent activity
Ozone Projects Private Limited has 17 board changes on record since 2005: 4 appointments and 13 cessations. The latest: Rabindra Kumar Pathak ceased to be Company Secretary on 30 Jun 2023.
77 earlier events are in the company report.
News
Frequently asked questions
Ozone Projects 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.
Ozone Projects is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 July 2005 and is registered under CIN U70101TN2005PTC056894. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ozone Projects has 4 current directors:
- Vasudevan Sathyamoorthy - Managing Director
- Sathya Moorthy Sai Prasad - Director
- Ashvany Kumar Bansal - Nominee Director
- Rajendran Shanmugam - Irp/Rp/Liquidator
The latest financial statements of Ozone Projects on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 12 December 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ozone Projects is U70101TN2005PTC056894. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ozone Projects has open charges of ₹3,887.26 Cr and satisfied charges of ₹3,400.29 Cr as per latest MCA filings.
Ozone Projects has 298 court cases on record: 89 filed by the company and 211 filed against it. 63 are pending. Most are in the high courts.
Ozone Projects was incorporated on 13 July 2005. It is registered with the Registrar of Companies, Chennai.
Ozone Projects has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹133.33 Cr; the latest was in November 2012.
The peers of Ozone Projects by revenue are Elan Limited, Cci Projects Private Limited, Saha Infratech Private Limited, JP Iscon Private Limited, GLS Infratech Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Rabindra Kumar Pathak ceased to be Company Secretary on 30 Jun 2023. Rajendran Shanmugam was appointed as Irp/Rp/Liquidator on 23 May 2023. Medipalli Sreehari ceased to be CFO on 19 Mar 2021. Ozone Projects has 17 board changes on record in total.
Ozone Projects has 4 MSME Form 1 returns on record between 2023 and 2024, listing 202 overdue payments to 15 micro and small suppliers. The latest return was filed on 30 Apr 2024.