NRS Projects Private Limited
About NRS Projects Private Limited
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NRS Projects Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45201GJ2011PTC067426. Its GSTIN is 24AADCN8771D2ZF (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹25 Lakh. It is led by directors Nimit Rasiklal Sangani (Managing Director) and Gyan Arjunsingh Rajput.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 302 Riddhi Siddhi Elanza Subhanpura, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2024, the company reported a revenue of ₹74.33 Lakh, a growth of 20% compared to the previous year. For the same year it recorded a net loss of ₹1.74 Cr (net margin -234.5%) and EBITDA of -₹1.74 Cr (EBITDA margin -234.5%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 32% over five years.
As per MCA filings, the company has open charges of ₹43.05 Cr on record. Court records list 36 cases involving the company, including 14 filed by the company and 22 filed against it; 14 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
NRS Projects Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address302 Riddhi Siddhi Elanza Subhanpura, Vadodara, Gujarat, India – 390007
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of NRS 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 NRS 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 NRS Projects Private Limited, buy the company report.
Financials of NRS Projects Private Limited
FY 2024 filings availableNRS Projects Private Limited reported revenue of ₹74.33 Lakh (up 20% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 20% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 32%. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.74 Cr | ||||
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| Net Profit (PAT) | -₹1.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -234.5% | ||||
| Net Profit Margin | -234.5% | ||||
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To see the full financial statements and ratios of NRS Projects Private Limited, buy the company report.
Board of directors of NRS Projects Private Limited
NRS Projects has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nimit Rasiklal Sangani Also directs: NRS Forging Private Limited, NRS Growsure Private Limited, NRS Growsure Venture Private Limited and 2 more | Managing Director | 12 Oct 2011 | 15 Years 0 Months | Current |
| Gyan Arjunsingh Rajput | Director | 10 Sep 2022 | 4 Years 1 Months | Current |
Auditor
NRS Projects Private Limited is audited by BHAVESH PANSERIA & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAVESH PANSERIA & CO | FY 2016 | 129296W |
Shareholding
The shareholding of NRS Projects Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of NRS Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2017 | 100092654 | Others | ₹18 Cr | Open | |
| 09 May 2016 | 100067381 | Others | ₹5 Cr | Open | |
| 17 Feb 2016 | 100031128 | Others | ₹22.5 Lakh | Open | |
| 30 Sep 2015 | 10604139 | Corporation Bank | ₹9 Cr | Open | |
| 30 Sep 2015 | 10604170 | Corporation Bank | ₹9 Cr | Open |
Total charge records: 9 View all charges
Legal cases
NRS Projects Private Limited has 36 court cases on record: 14 filed by NRS Projects, 22 filed against it. 14 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 15 | 5 |
| NCLT | 10 | 4 | 1 |
| High courts | 8 | 3 | 6 |
| NCLAT | 3 | 0 | 2 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Omshivay Builders LLP | Pending |
| Bombay High Court | Criminal complaint | Filed by the company against Parinee Lifespaces Private Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against HDB Financial Services Limited | Pending |
| High Court, HARYANA | Criminal miscellaneous application | Filed by the company against M/S Prism Johnson Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Shriram City Union Finance Ltd | Pending |
To see the full case history of NRS 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for NRS Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
NRS Projects has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCN8771D2ZF | Gujarat | Active | 25 Aug 2020 |
To see the full GST registrations and return filing status of NRS Projects Private Limited, buy the company report.
Recent activity
NRS Projects Private Limited has 14 board changes on record since 2011: 2 appointments and 12 cessations. The latest: Gyan Arjunsingh Rajput ceased to be Additional Director on 29 Sep 2023.
14 earlier events are in the company report.
Frequently asked questions
NRS Projects is an active private limited company based in Vadodara, Gujarat, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 October 2011 (15+ years old) and is registered under CIN U45201GJ2011PTC067426.
NRS Projects has 2 current directors:
- Nimit Rasiklal Sangani - Managing Director
- Gyan Arjunsingh Rajput - Director
The latest financial statements of NRS Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of NRS Projects is 24AADCN8771D2ZF, registered in Gujarat. 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 NRS Projects is U45201GJ2011PTC067426. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NRS Projects has 36 court cases on record: 14 filed by the company and 22 filed against it. 14 are pending. Most are in the district courts.
NRS Projects was incorporated on 12 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gyan Arjunsingh Rajput ceased to be Additional Director on 29 Sep 2023. Gyan Arjunsingh Rajput was appointed as Director on 10 Sep 2022. Janak Kumar Girishbhai Malvi ceased to be Director on 10 Sep 2022. NRS Projects has 14 board changes on record in total.
The registered office of NRS Projects is at 302 Riddhi Siddhi Elanza Subhanpura, Vadodara, Gujarat, India – 390007.
NRS Projects operates in the real estate and construction industry, in the real estate builders and developers segment.