About NVT Quality Lifestyle Projects Private Limited
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NVT Quality Lifestyle Projects Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45209KA2010PTC055832. Its GSTIN is 29AADCN4373P1ZR (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Vivek Garg and Tanuj Garg.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Cap 1 Eoiz Export Promotion Industrial Park Whitefield, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2023, the company reported a revenue of ₹86.71 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.28 Cr (net margin 14.2%) and EBITDA of ₹14.12 Cr (EBITDA margin 16.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 21% over five years.
The company is associated with 1 brand: NVT Quality Lifestyle. As per MCA filings, the company has open charges of ₹1.09 Cr and satisfied charges of ₹37 Cr on record. Court records list 11 cases involving the company, including 11 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qualitylifestyle.in.
Company details
Contact details
NVT Quality Lifestyle Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is qualitylifestyle.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCap 1 Eoiz Export Promotion Industrial Park Whitefield, Bangalore, Karnataka, India – 560048
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of NVT Quality Lifestyle 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
Brands
NVT Quality Lifestyle Projects operates one associated brand: NVT Quality Lifestyle. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for high-end luxury residential properties. | qualitylifestyle.in |
Business activity
The main business activity of NVT Quality Lifestyle 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 NVT Quality Lifestyle Projects Private Limited, buy the company report.
Financials of NVT Quality Lifestyle Projects Private Limited
FY 2023 filings availableNVT Quality Lifestyle Projects Private Limited reported revenue of ₹86.71 Cr (up 403% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 403% growth in the latest year. EBITDA rose 274% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹86.71 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹14.12 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.28 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.3% | ||||
| Net Profit Margin | 14.2% | ||||
| Return on Equity (ROE) | |||||
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| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of NVT Quality Lifestyle Projects Private Limited, buy the company report.
Board of directors of NVT Quality Lifestyle Projects Private Limited
NVT Quality Lifestyle Projects has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Garg Also directs: NVT Group Management Services LLP, NVT Quality Lifestyle Estate LLP, NVT Quality Lifestyle Homes LLP and 5 more | Director | 11 Nov 2010 | 16 Years 0 Months | Current |
| Tanuj Garg Also directs: NVT Group Management Services LLP, NVT Quality Lifestyle Estate LLP, NVT Quality Lifestyle Homes LLP and 5 more | Director | 29 May 2018 | 8 Years 5 Months | Current |
| Nitin Garg Also directs: NVT Group Management Services LLP, NVT Quality Lifestyle Estate LLP, NVT Quality Lifestyle Homes LLP and 5 more | Director | 11 Nov 2010 | 16 Years 0 Months | Current |
| Krishan Gopal Garg Also directs: NVT Group Management Services LLP, NVT Quality Lifestyle Estate LLP, NVT Quality Lifestyle Homes LLP and 5 more | Director | 11 Nov 2010 | 16 Years 0 Months | Current |
Auditor
NVT Quality Lifestyle Projects Private Limited is audited by J.SNAGPAL & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.SNAGPAL & CO | FY 2023 | 24841 |
Shareholding
The shareholding of NVT Quality Lifestyle Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of NVT Quality Lifestyle Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Sep 2024 | 101001645 | Hdfc Bank Limited | ₹23.27 Lakh | Open | |
| 07 Nov 2022 | 100671384 | Hdfc Bank Limited | ₹86 Lakh | Open | |
| 16 Jun 2018 | 100187937 | Others | ₹22 Cr | Satisfied | |
| 23 Dec 2015 | 10613533 | State Bank of India | ₹15 Cr | Satisfied |
To see the full charge records of NVT Quality Lifestyle Projects Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
NVT Quality Lifestyle Projects Private Limited has 11 court cases on record: 11 filed against it. 6 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 5 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| District court, BENGALURU, Karnataka | Court case (AA) | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of NVT Quality Lifestyle 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
NVT Quality Lifestyle Projects Private Limited was last rated by Icra on 02 Aug 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 02 Aug 2018 |
To see the full credit ratings and regulatory alerts of NVT Quality Lifestyle Projects Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for NVT Quality Lifestyle Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
NVT Quality Lifestyle Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCN4373P1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of NVT Quality Lifestyle Projects Private Limited, buy the company report.
Recent activity
NVT Quality Lifestyle Projects Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Tanuj Garg ceased to be Additional Director on 29 Sep 2018.
4 earlier events are in the company report.
Frequently asked questions
NVT Quality Lifestyle Projects is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 November 2010 (16+ years old) and is registered under CIN U45209KA2010PTC055832.
NVT Quality Lifestyle Projects has 4 current directors:
- Vivek Garg - Director
- Tanuj Garg - Director
- Nitin Garg - Director
- Krishan Gopal Garg - Director
The latest financial statements of NVT Quality Lifestyle Projects on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of NVT Quality Lifestyle Projects is 29AADCN4373P1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of NVT Quality Lifestyle Projects is U45209KA2010PTC055832. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
NVT Quality Lifestyle Projects has 11 court cases on record: 11 filed against it. 6 are pending. Most are in the district courts.
NVT Quality Lifestyle Projects was incorporated on 11 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Tanuj Garg ceased to be Additional Director on 29 Sep 2018. Savita Garg ceased to be Director on 29 May 2018. Tanuj Garg was appointed as Director on 29 May 2018. NVT Quality Lifestyle Projects has 6 board changes on record in total.
NVT Quality Lifestyle Projects can be reached through the website qualitylifestyle.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of NVT Quality Lifestyle Projects is at Cap 1 Eoiz Export Promotion Industrial Park Whitefield, Bangalore, Karnataka, India – 560048.
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