Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U45202MH2009PTC189590 Incorporated 15 January 2009 ROC Mumbai HQ Mumbai, Maharashtra, India
Under Insolvency Private Limited Company real estate and construction
Data last updated
Revenue · FY 2019
₹53.71 Cr
▼ 88% YoY
Net loss · FY 2019
₹47.57 Cr
Net margin -88.6%
EBITDA · FY 2019
-₹8.72 Cr
EBITDA margin -16.2%
Authorised capital
₹56 Cr
Registered with MCA
Paid-up capital
₹56 Cr
Issued & subscribed
Open charges
₹1,358.26 Cr
Satisfied ₹390.99 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
20
Provident fund records

About Neptune Ventures and Developers Private Limited.

Data last updated:

Neptune Ventures and Developers Private Limited. is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Neptune Developers Limited. 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 15 January 2009.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2009PTC189590. Its GSTIN is 27AACCN9418J1Z4 (Maharashtra).

The company has an authorised share capital of ₹56 Cr and a paid-up capital of ₹56 Cr. It is led by directors including Nayan Ashok Bheda (Managing Director) and Nayan Thakarshi Shah.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2019, the company reported a revenue of ₹53.71 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net loss of ₹47.57 Cr (net margin -88.6%) and EBITDA of -₹8.72 Cr (EBITDA margin -16.2%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.

The company has about 20 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1,358.26 Cr and satisfied charges of ₹390.99 Cr on record. Court records list 73 cases involving the company, including 8 filed by the company and 59 filed against it; 12 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹199.99 Cr; the latest was in August 2014. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is VBHC Private Limited with revenue of ₹53.98 Cr.

The last known website on record is neptunegroup.in.

Company Details of Neptune Ventures and Developers Private Limited.
CIN U45202MH2009PTC189590
Registration Number 189590
Incorporation Date 15 January 2009
ROC Mumbai
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Parent Company Neptune Developers Limited
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Registered Address
    4th Floor Eastern Business District Near Mangatram Petrol Pump L B S Road, Bhandup(W), Mumbai, Maharashtra, India – 400078
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers
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Financials, compliance, directors, charges, ownership and filings for Neptune Ventures and Developers Private Limited. in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Neptune Ventures and Developers Private Limited.

The main business activity of Neptune Ventures and Developers Private Limited is construction. In detail, this covers buildings.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
FConstructionF1BuildingsLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Neptune Ventures and Developers Private Limited. FY 2019 filings available

Neptune Ventures and Developers Private Limited. reported revenue of ₹53.71 Cr (down 88% YoY) for FY 2019.

Revenue · FY 2019
₹53.71 Cr ▼ 88%
Net loss · FY 2019
₹47.57 Cr margin -88.6%
EBITDA · FY 2019
-₹8.72 Cr margin -16.2%

Compounded Annual Growth Rate (CAGR) of Neptune Ventures and Developers Private Limited.

Revenue CAGR growth
1 year
▼ 88%
3 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▼ 186%
3 years · compounded
▼ 30%

Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 88% fall in the latest year. EBITDA fell 186% 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 of Neptune Ventures and Developers Private Limited.

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue₹53.71 Cr••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA-₹8.72 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹47.57 Cr••••••••••••••••
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 of Neptune Ventures and Developers Private Limited.

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin-16.2%••••••••••••••••
Net Profit Margin-88.6%••••••••••••••••
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 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 Neptune Ventures and Developers Private Limited are in the company report.

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Financial statements from 2015

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Peer Comparison of Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
VBHC Private Limited₹53.98 Cr (FY 2025)••••••••-43.0%••••Bangalore, Karnataka, India
SMV Agencies Private Limited₹53.82 Cr (FY 2025)••••••••-30.0%••••New Delhi, Delhi, India
Gurgaon Realtech Limited₹53.8 Cr (FY 2025)••••••••13.0%••••Gurgaon, Haryana, India
Nova Life Space Private Limited₹53.76 Cr (FY 2025)••••••••1.0%••••Chennai, Tamil Nadu, India
Adinath Buildcon Private Limited₹53.76 Cr (FY 2025)••••••••335.0%••••Jaipur, Rajasthan, India
Neptune Ventures and Developers Private Limited. this company₹53.71 Cr (FY 2019)••••••••-88.0%••••Mumbai, Maharashtra, India
Transcon Dev JV Private Limited₹53.7 Cr (FY 2025)••••••••442.0%••••Mumbai, Maharashtra, India
Deron Properties Private Limited₹53.68 Cr (FY 2019)••••••••2124.0%••••Mumbai, Maharashtra, India
Kshitija Infrastructure Private Limited₹53.67 Cr (FY 2025)••••••••-73.0%••••Mumbai, Maharashtra, India
Jai Shanker Sales Private Limited₹53.64 Cr (FY 2025)••••••••-2.0%••••Kanpur, Uttar Pradesh, India
Sri Kubera Constructions Private Limited₹53.62 Cr (FY 2020)••••••••-2.0%••••Sangli, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Neptune Ventures and Developers Private Limited by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. is audited by B P SANGHANI & ASSOCIATES for the financial year 2019.

NameStatusAppointment DateCessation Date
B P SANGHANI & ASSOCIATESLockedLockedLocked
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Board of Directors and KMP of Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. currently reports 4 directors and 1 key managerial person. 9 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Chintan Bharatbhai DoshiCompany Secretary01 Jul 201511 Years 3 MonthsAs last reported
Nayan Thakarshi ShahDirector15 Jun 201115 Years 3 MonthsAs last reported
Sachin Manohar DeshmukhDirector15 Jan 200917 Years 8 MonthsAs last reported
Nayan Ashok BhedaManaging Director15 Jan 200917 Years 8 MonthsAs last reported
Sandeep MahajanIrp/Rp/Liquidator21 Sep 20233 Years 0 MonthsAs last reported

Ownership and Shareholding of Neptune Ventures and Developers Private Limited.

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Charges & Borrowings of Neptune Ventures and Developers Private Limited.

Open charges
₹1,358.26 Cr
Satisfied charges
₹390.99 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹601.00 Cr
Hdfc Ltd₹250.00 Cr
Edelweiss Asset Reconstruction Company Limited₹200.00 Cr
Housing Development Finance Corporation Limited₹200.00 Cr
Others₹61.90 Cr
Others₹45.36 Cr
Latest charge details
DateLenderAmountStatus
30 May 2019Others₹11.4 CrOpen
10 Jan 2018Others₹25 CrOpen
28 Sep 2016Others₹25.5 CrOpen
30 Nov 2015Hdfc Ltd₹250 CrOpen
09 Mar 2015Axis Bank Limited₹11.7 LakhOpen

Total charge records: 21 View all charges

Deals & Funding of Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹199.99 Cr; the latest was in August 2014.

Total deals
8
Secondary share transfers
5
Funding rounds
3
Disclosed funding
₹199.99 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Aug 2014Secondary share transferUndisclosedBuyer: Neptune Developers Limited , Neptune Developers Limited & Nayan ashok Bheda
Seller: an individual
Aug 2014Secondary share transferUndisclosedBuyer: Neptune Developers Limited
Seller: an individual
Aug 2014Secondary share transferUndisclosedBuyer: Neptune Developers Limited
Seller: an individual
Aug 2014Secondary share transferUndisclosedBuyer: Neptune Developers Limited
Seller: an individual
Jan 2014Funding round₹160 CrInvestors: Neptune Developers Limited
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. has a workforce of 20 employees as of Mar 27, 2024.

Employee count
20
Active EPFO establishments
1
Employee growth
-69.23%
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News related to Neptune Ventures and Developers Private Limited.

Recent Activity on Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited. has 13 board changes on record since 2009: 5 appointments and 8 cessations. The latest: Sandeep Mahajan was appointed as Irp/Rp/Liquidator on 21 Sep 2023.

Appointed
Sandeep Mahajan was appointed as Irp/Rp/Liquidator.
AGM
Neptune Ventures And Developers Private Limited. last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 11.40 Cr with Charge ID 100270877 was registered on 30 May 2019.
Filing
Neptune Ventures And Developers Private Limited. has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Mumbai.
Charges
A charge registered on 03 Oct 2017 via Charge ID 100137117 with Others was fully satisfied on 10 May 2018.
Charges
A charge registered on 20 Feb 2017 via Charge ID 100088199 with Others was fully satisfied on 11 Jan 2018.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100150850 was registered on 10 Jan 2018.
Charges
A charge with Others of Rs. 25.50 Cr registered on 28 Sep 2016 with Charge ID 100057085 was modified on 26 Oct 2017.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 100137117 was registered on 03 Oct 2017.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100088199 was registered on 20 Feb 2017.
Ceased
Niraj Navin Shah ceased to be Director.
Ceased
Shashikumar Cherukunnath ceased to be Director.

38 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Neptune Ventures and Developers Private Limited.

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MSME Payment Delays by Neptune Ventures and Developers Private Limited.

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Subsidiaries & Group Companies of Neptune Ventures and Developers Private Limited.

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GST Compliance of Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AACCN9418J1Z4MaharashtraActive01 Jul 2017
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MCA Filings & Documents of Neptune Ventures and Developers Private Limited.

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Frequently Asked Questions about Neptune Ventures and Developers Private Limited.

Neptune Ventures and Developers Private Limited 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.

Neptune Ventures and Developers Private Limited is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 January 2009 and is registered under CIN U45202MH2009PTC189590. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Neptune Ventures and Developers Private Limited reported revenue of ₹53.71 Cr for FY 2019 (down 88% YoY).

Neptune Ventures and Developers Private Limited has 5 current directors and KMP:

Neptune Ventures and Developers Private Limited reported a net loss of ₹47.57 Cr (net margin -88.6%) and EBITDA of -₹8.72 Cr (EBITDA margin -16.2%) for FY 2019, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Neptune Ventures and Developers Private Limited is -6% over three years. In the latest year (FY 2019) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.

The CIN (Corporate Identification Number) of Neptune Ventures and Developers Private Limited is U45202MH2009PTC189590. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Neptune Ventures and Developers Private Limited has open charges of ₹1,358.26 Cr and satisfied charges of ₹390.99 Cr as per latest MCA filings.

Neptune Ventures and Developers Private Limited has 73 court cases on record: 8 filed by the company and 59 filed against it. 12 are pending. Most are in the district courts.

Neptune Ventures and Developers Private Limited was incorporated on 15 January 2009. It is registered with the Registrar of Companies, Mumbai.

Neptune Ventures and Developers Private Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹199.99 Cr; the latest was in August 2014.

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