About Neptune Ventures and Developers Private Limited.
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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 76 cases involving the company, including 8 filed by the company and 69 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 8 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 4 larger and 4 smaller; the largest is VBHC Private Limited with revenue of ₹53.98 Cr.
The last known website on record is neptunegroup.in.
Company details
Contact details
Neptune Ventures and Developers Private Limited.'s registered office is in Mumbai, Maharashtra. Its website is neptunegroup.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address4th Floor Eastern Business District Near Mangatram Petrol Pump L B S Road, Bhandup(W), Mumbai, Maharashtra, India – 400078
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Neptune Ventures 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 Neptune Ventures and Developers Private Limited 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 Neptune Ventures and Developers Private Limited., buy the company report.
Financials of Neptune Ventures and Developers Private Limited.
FY 2019 filings availableNeptune Ventures and Developers Private Limited. reported revenue of ₹53.71 Cr (down 88% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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 | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Neptune Ventures and Developers Private Limited., buy the company report.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintan Bharatbhai Doshi | Company Secretary | 01 Jul 2015 | 11 Years 3 Months | As last reported |
| Nayan Thakarshi Shah Also directs: Neptune Enclave Private Limited, Neptune Entertainment Private Limited, Kavya Residency LLP and 2 more | Director | 15 Jun 2011 | 15 Years 4 Months | As last reported |
| Sachin Manohar Deshmukh Also directs: Vrutti Developers LLP, Vedant Realtors LLP, Neptune Enclave Private Limited and 5 more | Director | 15 Jan 2009 | 17 Years 9 Months | As last reported |
| Nayan Ashok Bheda Also directs: Vrutti Developers LLP, Vedant Realtors LLP, Neptune Enclave Private Limited and 5 more | Managing Director | 15 Jan 2009 | 17 Years 9 Months | As last reported |
| Sandeep Mahajan | Irp/Rp/Liquidator | 21 Sep 2023 | 3 Years 1 Months | As last reported |
Peer comparison
Neptune Ventures and Developers Private Limited. is compared with the 8 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 |
|---|---|---|---|---|---|---|
| VBHC Private Limited | ₹53.98 Cr (FY 2025) | -43.0% | Bangalore, Karnataka, 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) | -₹47.57 Cr | -88.6% | -88.0% | 20 | 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 | |||
| Sri Kubera Constructions Private Limited | ₹53.62 Cr (FY 2020) | -2.0% | Sangli, Maharashtra, India |
To see the full peer comparison of Neptune Ventures and Developers Private Limited., buy the company report.
Auditor
Neptune Ventures and Developers Private Limited. is audited by B P SANGHANI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B P SANGHANI & ASSOCIATES | FY 2019 | 122943W |
Shareholding
The shareholding of Neptune Ventures and Developers Private Limited. is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Neptune Ventures and Developers Private Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 May 2019 | 100270877 | Others | ₹11.4 Cr | Open | |
| 10 Jan 2018 | 100150850 | Others | ₹25 Cr | Open | |
| 28 Sep 2016 | 100057085 | Others | ₹25.5 Cr | Open | |
| 30 Nov 2015 | 10606233 | Hdfc Ltd | ₹250 Cr | Open | |
| 09 Mar 2015 | 10573972 | Axis Bank Limited | ₹11.7 Lakh | Open |
To see the full charge records of Neptune Ventures and Developers Private Limited., buy the company report.
Total charge records: 21 View all charges
Deals & funding
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.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Neptune Developers Limited , Neptune Developers Limited & Nayan ashok Bheda Seller: an individual |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Neptune Developers Limited Seller: an individual |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Neptune Developers Limited Seller: an individual |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Neptune Developers Limited Seller: an individual |
| Jan 2014 | Funding round | ₹160 Cr | Investors: Neptune Developers Limited |
To see the full deal history of Neptune Ventures and Developers Private Limited., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Neptune Ventures and Developers Private Limited. has 76 court cases on record: 8 filed by Neptune Ventures and Developers Private Limited, 69 filed against it. 12 cases are pending and 64 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 38 | 10 |
| High courts | 31 | 27 | 2 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 76)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by M/S Beacon Trusteeship Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by JM Financial Products Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by JM Financial Products Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Sachin Manohar Deshmukh (Ex-Director of Neptune Ventures and Developers Private Limited) | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Catalyst Trusteeship Ltd. | Disposed |
To see the full case history of Neptune Ventures 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.
Credit ratings & regulatory alerts
Neptune Ventures and Developers Private Limited. was last rated by Brickwork on 29 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Sep 2020 |
To see the full credit ratings and regulatory alerts of Neptune Ventures and Developers Private Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neptune Ventures and Developers Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Neptune Ventures and Developers Private Limited. has a workforce of 20 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Neptune Ventures and Developers Private Limited has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN9418J1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Neptune Ventures and Developers Private Limited., buy the company report.
Recent activity
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.
38 earlier events are in the company report.
Frequently asked questions
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 has 5 current directors and KMP:
- Nayan Ashok Bheda - Managing Director
- Nayan Thakarshi Shah - Director
- Sachin Manohar Deshmukh - Director
- Chintan Bharatbhai Doshi - Company Secretary
- Sandeep Mahajan - Irp/Rp/Liquidator
The latest financial statements of Neptune Ventures and Developers Private Limited on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
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 76 court cases on record: 8 filed by the company and 69 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.
The peers of Neptune Ventures and Developers Private Limited by revenue are VBHC Private Limited, Gurgaon Realtech Limited, Nova Life Space Private Limited, Adinath Buildcon Private Limited, Transcon Dev JV Private Limited and 3 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Sandeep Mahajan was appointed as Irp/Rp/Liquidator on 21 Sep 2023. Niraj Navin Shah ceased to be Director on 10 Dec 2016. Shashikumar Cherukunnath ceased to be Director on 10 Dec 2016. Neptune Ventures and Developers Private Limited has 13 board changes on record in total.