About Optima Homes Private Limited
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Optima Homes Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45202TN2001PTC046646. Its GSTIN is 33AAGCS7992C1Z6 (Tamil Nadu).
The company has an authorised share capital of ₹4.3 Cr and a paid-up capital of ₹4.29 Cr. It was formerly known as S.S.V.K.Builders Private Limited and S S V K Builders Private Limited. It is led by directors including Vaideeswaran Sudhakar (Managing Director) and Sadasivam Venkatesan.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.78 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net profit of ₹21.45 Lakh (net margin 1.4%) and EBITDA of ₹5.95 Cr (EBITDA margin 37.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 99 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹102.37 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 5 cases are pending.
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 optimahomesindia.com.
Company details
Name history
Optima Homes has undergone 2 name changes throughout its history. The company was previously known as S.S.V.K.Builders Private Limited, and S S V K Builders Private Limited. The current legal name is Optima Homes Private Limited.
| Company Name | Status |
|---|---|
| Optima Homes Private Limited | Current |
| S.S.V.K.Builders Private Limited | Previous |
| S S V K Builders Private Limited | Previous |
Contact details
Optima Homes Private Limited's registered office is in Chennai, Tamil Nadu. Its website is optimahomesindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.6 & 7 – A Ist Floor Ssvk Sangamam Periyar Salai Gnanamurthy Nagar Ambatt, Ur, Chennai, Tamil Nadu, India – 600053
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Optima Homes 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 Optima Homes 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 Optima Homes Private Limited, buy the company report.
Financials of Optima Homes Private Limited
FY 2018 filings availableOptima Homes Private Limited reported revenue of ₹15.78 Cr (down 28% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 28% fall in the latest year. EBITDA rose 15% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹15.78 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹5.95 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹21.45 Lakh | |||
| 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 37.7% | |||
| Net Profit Margin | 1.4% | |||
| 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 | ||||
To see the full financial statements and ratios of Optima Homes Private Limited, buy the company report.
Board of directors of Optima Homes Private Limited
Optima Homes has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sadasivam Venkatesan | Director | 16 Feb 2001 | 25 Years 8 Months | Current |
| Vaideeswaran Sudhakar Also directs: P R S S Developers Private Limited | Managing Director | 04 Dec 2003 | 22 Years 10 Months | Current |
| Krishnamurthy Vaitheswaran | Director | 16 Feb 2001 | 25 Years 8 Months | Current |
| Dinesh Muthu Subramanyan | Additional Director | 14 Dec 2018 | 7 Years 10 Months | Current |
Peer comparison
Optima Homes Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Optima Homes Private Limitedthis company | ₹15.78 Cr (FY 2018) | ₹21.45 Lakh | 1.4% | -28.0% | 99 | Chennai, Tamil Nadu, India |
| Infinity Realprojects Private Limited | ₹15.77 Cr (FY 2025) | 128.0% | Gurgaon, Haryana, India | |||
| Prime Adhivas Contracts Private Limited | ₹15.77 Cr (FY 2025) | 191.0% | Jaipur, Rajasthan, India | |||
| MPM Ventures Private Limited | ₹15.77 Cr (FY 2024) | -3.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Optima Homes Private Limited, buy the company report.
Auditor
Optima Homes Private Limited is audited by MYTHILI A AND ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MYTHILI A AND ASSOCIATES | FY 2018 | 011589S |
Shareholding
The shareholding of Optima Homes Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Optima Homes Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2018 | 100179837 | Tata Capital Housing Finance Limited | ₹30 Cr | Open | |
| 08 Jul 2016 | 100041903 | Others | ₹40 Cr | Satisfied | |
| 24 Jun 2016 | 100069072 | Others | ₹40 Cr | Satisfied | |
| 13 Nov 2014 | 10535333 | Lic Housing Finance Ltd | ₹14 Cr | Satisfied | |
| 18 Jun 2013 | 10441045 | Lic Housing Finance Ltd | ₹4 Cr | Satisfied |
To see the full charge records of Optima Homes Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Optima Homes Private Limited has 12 court cases on record: 1 filed by Optima Homes, 11 filed against it. 5 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 5 | 3 |
| High courts | 6 | 6 | 2 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed against the company by M/S. Kotak Mahindra Bank Ltd Rep by Its Authorized Signatory R. Vasu | Pending |
| District court, Tiruvallur, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S. Axis Bank Ltd., Rep.By Its Authorized Officer S.Kalaivani | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed against the company | Pending |
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed against the company by Sandeep Khicha HUF Rep by Sandeep Khicha | Pending |
| District court, Tiruvallur, Tamil Nadu | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Optima Homes 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 Optima Homes Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Optima Homes has 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Optima Homes Private Limited has a workforce of 99 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Optima Homes has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCS7992C1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Optima Homes Private Limited, buy the company report.
Recent activity
Optima Homes Private Limited has 9 board changes on record since 2001: 4 appointments and 5 cessations. The latest: Pawankumar Abhishek ceased to be Additional Director on 25 Sep 2019.
17 earlier events are in the company report.
Frequently asked questions
Optima Homes is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 February 2001 (25+ years old) and is registered under CIN U45202TN2001PTC046646.
Optima Homes has 4 current directors:
- Vaideeswaran Sudhakar - Managing Director
- Sadasivam Venkatesan - Director
- Krishnamurthy Vaitheswaran - Director
- Dinesh Muthu Subramanyan - Additional Director
The latest financial statements of Optima Homes on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
The GSTIN of Optima Homes is 33AAGCS7992C1Z6, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Optima Homes is U45202TN2001PTC046646. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Optima Homes has 12 court cases on record: 1 filed by the company and 11 filed against it. 5 are pending. Most are in the district courts.
Optima Homes was incorporated on 16 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Optima Homes by revenue are Infinity Realprojects Private Limited, Prime Adhivas Contracts Private Limited, MPM Ventures Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Pawankumar Abhishek ceased to be Additional Director on 25 Sep 2019. Dinesh Muthu Subramanyan was appointed as Additional Director on 14 Dec 2018. Bheemrao Shanthibheemrao ceased to be Additional Director on 16 Nov 2015. Optima Homes has 9 board changes on record in total.
Optima Homes can be reached through the website optimahomesindia.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Optima Homes is at No.6 & 7 – A Ist Floor Ssvk Sangamam Periyar Salai Gnanamurthy Nagar Ambatt, Ur, Chennai, Tamil Nadu, India – 600053.