About Ninex Developers Limited
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Ninex Developers Limited is a public limited company based in New, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 19 May 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70101DL2006PLC148931. Its GSTIN is 06AACCN3074E2ZQ (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹18 Cr. It is led by directors including Ram Mehar Garg (Whole-Time Director) and Sandeep Garg (Whole-Time Director).
Its last annual general meeting (AGM) was held on 01 August 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Kh – 115 Vill Chhatterpur, New, Delhi, India – 110030.
As per the financials filed for FY 2023, the company reported a revenue of ₹8.12 Cr, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹3.84 Cr (net margin -47.3%) and EBITDA of -₹13.63 Lakh (EBITDA margin -1.7%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years and 40% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹144.21 Cr and satisfied charges of ₹83.85 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website ninex.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressKh – 115 Vill Chhatterpur, New, Delhi, India – 110030
- 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 of Ninex Developers Limited
The main business activity of Ninex 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
Verified entity values are shown only after access is granted.
Auditor Details of Ninex Developers Limited
Ninex Developers Limited is audited by SHASHI VERMA & COMPANY for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHASHI VERMA & COMPANY | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ninex Developers Limited
Ninex Developers has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ram Mehar Garg Also directs: Skyexotic Maintenance LLP, Dauphin Cables Private Limited, Redtopaz Real Estate Private Limited and 5 more | Whole-Time Director | 19 May 2006 | 20 Years 4 Months | Current |
| Monika Garg Also directs: Dauphin Hospitality Private Limited, Ninex Infotech LLP, Sky Xotic Buildwell LLP and 4 more | Additional Director | 28 Feb 2024 | 2 Years 7 Months | Current |
| Sandeep Garg Also directs: Skyexotic Maintenance LLP, Dauphin Cables Private Limited, Redtopaz Real Estate Private Limited and 5 more | Whole-Time Director | 19 May 2006 | 20 Years 4 Months | Current |
Financials of Ninex Developers Limited FY 2023 filings available
Ninex Developers Limited reported revenue of ₹8.12 Cr (down 58% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ninex Developers Limited
Revenue has declined at a compounded annual rate (CAGR) of 40% over five years, including a 58% fall in the latest year. EBITDA fell 102% 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 Ninex Developers Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹13.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.84 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ninex Developers Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -47.3% | •••• | •••• | •••• | •••• |
| 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 Ninex Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ninex Developers Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Ninex Developers Limited
Ninex Developers has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Redtopaz Real Estate Private Limited | U45201DL2006PTC147961 | Locked |
| Rmg Developers Private Limited | U70109DL2006PTC150054 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Ninex Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Apr 2019 | Lakshmi Vilas Bank Limited | ₹1.22 Cr | Open |
| 31 Oct 2018 | Others | ₹23.23 Cr | Open |
| 18 May 2018 | Others | ₹17.2 Cr | Open |
| 26 Jul 2017 | Others | ₹35 Cr | Open |
| 27 Feb 2017 | Others | ₹2.02 Cr | Open |
Total charge records: 25 View all charges
Employees and EPFO Compliance at Ninex Developers Limited
Employment history and EPFO contributions of people linked to Ninex Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Ninex Developers Limited
Ninex Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCN3074E2ZQ | Haryana | Active | 21 Jul 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Ninex Developers Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ninex Developers Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ninex Developers Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ninex Developers Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Ninex Developers Limited
Frequently Asked Questions about Ninex Developers Limited
Ninex Developers is an active public limited company based in New, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 19 May 2006 (20+ years old) and is registered under CIN U70101DL2006PLC148931.
Ninex Developers reported revenue of ₹8.12 Cr for FY 2023 (down 58% YoY).
Ninex Developers has 3 current directors:
- Ram Mehar Garg - Whole-Time Director
- Sandeep Garg - Whole-Time Director
- Monika Garg - Additional Director
Ninex Developers reported a net loss of ₹3.84 Cr (net margin -47.3%) and EBITDA of -₹13.63 Lakh (EBITDA margin -1.7%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ninex Developers is -55% over three years and -40% over five years. In the latest year (FY 2023) revenue fell 58%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ninex Developers is 06AACCN3074E2ZQ, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ninex Developers is U70101DL2006PLC148931. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ninex Developers was incorporated on 19 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Ninex Developers can be reached through the website ninex.in. Its registered office is in New, Delhi, India.