About Orbit Corporation Limited
Data last updated:
Orbit Corporation Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 March 2000.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72900MH2000PLC124729. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹113.96 Cr. It was formerly known as Orbit Cybertech Limited. It is led by directors including Pujit Ravikiran Aggarwal (Managing Director) and Ravikiran Surajbhan Aggarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at The View 165 Dr. Annie Besant Road Worli Mumbai 400018, Maharashtra, India – 400018.
As per the financials filed for FY 2014, the company reported a revenue of ₹33.82 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net loss of ₹148.93 Cr (net margin -440.4%) and EBITDA of -₹54.06 Cr (EBITDA margin -159.8%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years.
The company has about 21 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
As per MCA filings, the company has open charges of ₹1,831.61 Cr and satisfied charges of ₹635.86 Cr on record. Court records list 566 cases involving the company, including 72 filed by the company and 494 filed against it; 170 cases are pending. The company has 38 deals on record (36 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹145.05 Cr; the latest was in August 2010.
The last known website on record is orbitcorp.com.
Company details
CIN history
Orbit Corporation has one previous CIN (Corporate Identification Number): U72900MH2000PLC124729. The current CIN is L72900MH2000PLC124729, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900MH2000PLC124729 | Current |
| U72900MH2000PLC124729 | Previous |
Contact details
Orbit Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is orbitcorp.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressThe View 165 Dr. Annie Besant Road Worli Mumbai 400018, Maharashtra, India – 400018
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Orbit Corporation 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 Orbit Corporation 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 Orbit Corporation Limited, buy the company report.
Financials of Orbit Corporation Limited
FY 2015 filings availableOrbit Corporation Limited reported revenue of ₹33.82 Cr (down 84% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over three years, including a 84% fall 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 2013-14 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹33.82 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹54.06 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹148.93 Cr |
| 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 2013-14 |
|---|---|
| Profitability | |
| EBITDA Margin | -159.8% |
| Net Profit Margin | -440.4% |
| 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 Orbit Corporation Limited, buy the company report.
Board of directors of Orbit Corporation Limited
Orbit Corporation has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sakina Saifee Mamaji | Additional Director | 12 Feb 2016 | 10 Years 8 Months | As last reported |
| Pujit Ravikiran Aggarwal Also directs: Emgee Foils Private Limited, Orbit Abode Private Limited, Apex Hotel Enterprises Pvt Ltd and 2 more | Managing Director | 01 Apr 2009 | 17 Years 6 Months | As last reported |
| Ravikiran Surajbhan Aggarwal Also directs: Emgee Foils Private Limited, Orbit Abode Private Limited, Orbit Socio Foundation and 1 more | Whole-Time Director | 10 Apr 2006 | 20 Years 6 Months | As last reported |
Shareholding
The shareholding of Orbit Corporation Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Orbit Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2015 | 10571232 | Au Financiers (India) Limited | ₹13 Lakh | Open | |
| 09 Sep 2014 | 10521373 | Corporation Bank | ₹28.8 Lakh | Open | |
| 22 Oct 2013 | 10458477 | Corporation Bank | ₹8.5 Lakh | Open | |
| 07 Oct 2013 | 10455971 | Corporation Bank | ₹25.5 Lakh | Open | |
| 30 Sep 2013 | 10455966 | Corporation Bank | ₹52 Lakh | Open |
To see the full charge records of Orbit Corporation Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
Orbit Corporation Limited has 38 deals on record (36 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹145.05 Cr; the latest was in August 2010.
Deals on record (5 of 38)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2010 | Market trade | ₹42.57 Cr | Buyer: Smart Equity Brokers Private Limited. , Opg Securities Private Limited Seller: Smart Equity Brokers Private Limited. , Opg Securities Private Limited |
| Nov 2009 | Market trade | ₹15.68 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| Sep 2009 | Market trade | ₹6.31 Cr | Buyer: Opg Securities Private Limited Seller: Opg Securities Private Limited |
| May 2009 | Market trade | ₹3.19 Cr | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Apr 2009 | Market trade | ₹1.39 Cr | Buyer: JMP Securities Private Limited |
To see the full deal history of Orbit Corporation 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
Orbit Corporation Limited has 566 court cases on record: 72 filed by Orbit Corporation, 494 filed against it. 170 cases are pending and 396 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 343 | 292 | 105 |
| District courts | 209 | 190 | 65 |
| Supreme Court | 14 | 12 | 0 |
Cases on record (5 of 566)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by CFM Asset Reconstruction Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Icici Home Finance Company Ltd. | Pending |
| Bombay High Court | Court case (CRR) | Filed against the company by Vardhman Developers Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Bennett Coleman and Co Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by HC Infotech Services Private Limited | Pending |
To see the full case history of Orbit Corporation 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 Orbit Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Orbit Corporation has 8 subsidiary companies. This group structure data is as of FY 2015. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Orbit Residency Private Limited | U45200MH2004PTC149147 | |
| Orbit Residency Private Limited | U45200MH2004PTC149147 | |
| Ahinsa Buildtech Private Limited | U45202MH2008PTC177268 | |
| Ahinsa Buildtech Private Limited | U45202MH2008PTC177268 | |
| Orbit Highcity Private Limited | U45400MH2007PTC176925 | |
| Sobo Estate Development Private Limited | U45400MH2007PTC176925 |
To see the full group structure of Orbit Corporation Limited, buy the company report.
GST
Orbit Corporation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Orbit Corporation Limited, buy the company report.
Recent activity
Orbit Corporation Limited has 45 board changes on record since 2006: 24 appointments and 21 cessations. The latest: Dinesh Ram Bhalotia ceased to be CFO on 14 Mar 2017.
131 earlier events are in the company report.
Frequently asked questions
Orbit Corporation is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Orbit Corporation is a company under liquidation, formerly operating as a public 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 07 March 2000 and is registered under CIN L72900MH2000PLC124729. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Orbit Corporation has 3 current directors:
- Pujit Ravikiran Aggarwal - Managing Director
- Ravikiran Surajbhan Aggarwal - Whole-Time Director
- Sakina Saifee Mamaji - Additional Director
The latest financial statements of Orbit Corporation on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 26 December 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Orbit Corporation is L72900MH2000PLC124729. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Orbit Corporation is recorded as a listed company by MCA, but its shares were delisted from NSE on 08 Aug 2018 · compulsory delisting and from BSE on 04 Jul 2018 · compulsory delisting, and no longer trade on a stock exchange.
Orbit Corporation has open charges of ₹1,831.61 Cr and satisfied charges of ₹635.86 Cr as per latest MCA filings.
Orbit Corporation has 566 court cases on record: 72 filed by the company and 494 filed against it. 170 are pending. Most are in the high courts.
Orbit Corporation was incorporated on 07 March 2000. It is registered with the Registrar of Companies, Mumbai.
Orbit Corporation has 38 deals on record (36 market trades, 1 funding round, 1 ipo), with disclosed funding of ₹145.05 Cr; the latest was in August 2010.