About Patel Realty (India) Limited
Data last updated:
Patel Realty (India) Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Patel Engineering Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 January 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH2007PLC167118. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹330 Cr and a paid-up capital of ₹100 Cr. It was formerly known as Patel Realty (India) Private Limited. It was led by directors including Ramasubramanian Kuppusubramanian and Khizer Ahmed.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Patel Engineering Compound Patel Estate Road Jogeswari (West), Mumbai, Maharashtra, India – 400102.
As per the financials filed for FY 2016, the company reported a revenue of ₹72.55 Cr, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹57.23 Cr (net margin -78.9%) and EBITDA of ₹19.75 Cr (EBITDA margin 27.2%).
The company had about 52 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 7 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹720 Cr on record. Court records list 36 cases involving the company, including 6 filed by the company and 30 filed against it; 10 cases are pending.
The last known website on record is patelrealty.in.
Company details
CIN history
Patel Realty (India) has one previous CIN (Corporate Identification Number): U70200MH2007PTC167118. The current CIN is U70200MH2007PLC167118, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200MH2007PLC167118 | Current |
| U70200MH2007PTC167118 | Previous |
Contact details
Patel Realty (India) Limited's registered office is in Mumbai, Maharashtra. Its website is patelrealty.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPatel Engineering Compound Patel Estate Road Jogeswari (West), Mumbai, Maharashtra, India – 400102
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Patel Realty (India) 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 Patel Realty (India) 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 Patel Realty (India) Limited, buy the company report.
Financials of Patel Realty (India) Limited
FY 2016 filings availablePatel Realty (India) Limited reported revenue of ₹72.55 Cr (down 53% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 53% in the latest year. EBITDA fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹72.55 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹19.75 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹57.23 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 27.2% | |
| Net Profit Margin | -78.9% | |
| 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 Patel Realty (India) Limited, buy the company report.
Board of directors of Patel Realty (India) Limited
Patel Realty (India) has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramasubramanian Kuppusubramanian Also directs: Excelus Capital Advisers LLP, Patel KNR Infrastructures Limited, Mirae Asset Trustee Company Private Limited and 1 more | Director | 01 Sep 2016 | 10 Years 1 Months | As last reported |
| Khizer Ahmed | Director | 01 Jul 2012 | 14 Years 3 Months | As last reported |
| Priti Rasik Patel Also directs: Raspian Tech LLP, Raspian Enterprises Private Limited, Sompel JV Private Limited and 2 more | Director | 16 Jun 2016 | 10 Years 4 Months | As last reported |
| Rupen Pravinbhai Patel | Director | 13 Nov 2013 | 12 Years 11 Months | As last reported |
Auditor
Patel Realty (India) Limited is audited by KHIMJI KUNVERJI & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHIMJI KUNVERJI & CO | FY 2016 | 105146W |
Shareholding
The shareholding of Patel Realty (India) 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 Patel Realty (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2014 | 10476161 | Idbi Trusteeship Services Limited | ₹75 Cr | Satisfied | |
| 07 Dec 2012 | 10390811 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied | |
| 23 Nov 2012 | 10387448 | Idbi Trusteeship Services Limited | ₹100 Cr | Satisfied | |
| 14 Mar 2012 | 10345610 | Idbi Trusteeship Services Limited | ₹95 Cr | Satisfied | |
| 26 Jul 2010 | 10233879 | Kotak Mahindra Bank Limited | ₹125 Cr | Satisfied |
To see the full charge records of Patel Realty (India) Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Patel Realty (India) Limited has 36 court cases on record: 6 filed by Patel Realty (India), 30 filed against it. 10 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 18 | 8 |
| District courts | 14 | 12 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed against the company by Mana Builders and Developers Pvt. Ltd. and 6 Ors. | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by M/S. Salarpuria Real Estates Pvt. Ltd., Repted by Ashwin Sancheti | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against M/S Al Fara A Infra Projects Pvt.Ltd and 1 other | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Mana Builders and Developers Pvt. Ltd. and 6 Ors. | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Satyam Cineplexes Limited | Disposed |
To see the full case history of Patel Realty (India) 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 Patel Realty (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Patel Realty (India) has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Apollo Buildwell Private Limited | U45200MH2007PTC167521 | |
| Arsen Infra Pvt. Ltd. | U45201MH2006PTC164319 | |
| PBSR Developers Private Limited | U45209TG2012PTC078886 | |
| Nirman Constructions Private Limited | U45400MH2007PTC171050 | |
| Azra Land Projects Private Limited | U70102MH2008PTC180422 | |
| Hera Realcon Private Limited | U70109MH2007PTC166825 |
To see the full group structure of Patel Realty (India) Limited, buy the company report.
Employees & EPFO
Patel Realty (India) Limited has a workforce of 52 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Patel Realty (India) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Patel Realty (India) Limited, buy the company report.
Recent activity
Patel Realty (India) Limited has 14 board changes on record since 2012: 4 appointments and 10 cessations. The latest: Priti Rasik Patel ceased to be Additional Director on 30 Sep 2016.
20 earlier events are in the company report.
Frequently asked questions
Patel Realty (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Patel Realty (India) was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 January 2007 and is registered under CIN U70200MH2007PLC167118. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Patel Realty (India) was incorporated on 18 January 2007. It is registered with the Registrar of Companies, Mumbai.
Patel Realty (India) had 4 directors:
- Ramasubramanian Kuppusubramanian - Director
- Khizer Ahmed - Director
- Priti Rasik Patel - Director
- Rupen Pravinbhai Patel - Director
The CIN (Corporate Identification Number) of Patel Realty (India) is U70200MH2007PLC167118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Patel Realty (India) is at Patel Engineering Compound Patel Estate Road Jogeswari West, Mumbai, Maharashtra, India – 400102.
Patel Realty (India) can be reached through the website patelrealty.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Patel Realty (India) on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Patel Realty (India) has 2 GST registrations on record and all of them are cancelled or inactive.
Patel Realty (India) operated in the real estate and construction industry, in the real estate builders and developers segment.