Prashul Real Estate Private Limited
About Prashul Real Estate Private Limited
Data last updated:
Prashul Real Estate Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 09 June 2015.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2015PTC265360.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jayesh Natvarlal Sanghrajka (Irp/Rp/Liquidator) and Satish Manoharrao Jadhav.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹89.48 Lakh. For the same year it recorded a net loss of ₹17.34 Lakh (net margin -19.4%) and EBITDA of ₹72.14 Lakh (EBITDA margin 80.6%).
As per MCA filings, the company has open charges of ₹465 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Company details
Contact details
Prashul Real Estate Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 612 B2B Centre Cabin B 6th Floor Bhd. Malad Industrial Estate Kachpada, Malad West, Mumbai, Maharashtra, India – 400064
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Prashul Real Estate 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
Financials of Prashul Real Estate Private Limited
FY 2018 filings availablePrashul Real Estate Private Limited reported revenue of ₹89.48 Lakh for FY 2018.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹89.48 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹72.14 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹17.34 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 80.6% | ||
| Net Profit Margin | -19.4% | ||
| 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 Prashul Real Estate Private Limited, buy the company report.
Board of directors of Prashul Real Estate Private Limited
Prashul Real Estate has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Natvarlal Sanghrajka Also directs: Jayesh Sanghrajka & Co. LLP, Algol Computers Training LLP, Optimo Realty LLP and 3 more | Irp/Rp/Liquidator | 22 Feb 2024 | 2 Years 8 Months | As last reported |
| Satish Manoharrao Jadhav | Additional Director | 31 Jul 2019 | 7 Years 3 Months | As last reported |
| Subhash Kuttappu Thrippanath Also directs: Space-Xcel Infra Private Limited | Additional Director | 01 Jul 2020 | 6 Years 4 Months | As last reported |
Peer comparison
Prashul Real Estate Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ansul Housing Projects Private Limited | ₹89.52 Lakh (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Burman Resorts Private Limited | ₹89.52 Lakh (FY 2025) | 213.0% | New Delhi, Delhi, India | |||
| V V Phuge Promoters and Builders Private Limited | ₹89.51 Lakh (FY 2025) | 1449.0% | Pune, Maharashtra, India | |||
| Kanha Facility Management Private Limited | ₹89.5 Lakh (FY 2025) | 237.0% | Agra, Uttar Pradesh, India | |||
| Shree Aditya Constructions Private Limited | ₹89.49 Lakh (FY 2024) | -74.0% | Bicholim, Goa, India | |||
| Prashul Real Estate Private Limitedthis company | ₹89.48 Lakh (FY 2018) | -₹17.34 Lakh | -19.4% | Mumbai, Maharashtra, India | ||
| Sonic Electrochem Private Limited | ₹89.48 Lakh (FY 2025) | 22.0% | Indore, Madhya Pradesh, India | |||
| N.S.L.Impex Private Limited | ₹89.46 Lakh (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Asha Properties Pvt Ltd | ₹89.45 Lakh (FY 2025) | Kolkata, West Bengal, India | ||||
| Tuljai Infratech Private Limited | ₹89.43 Lakh (FY 2024) | -11.0% | Aurangabad, Maharashtra, India | |||
| Meena Estates Private Limited | ₹89.41 Lakh (FY 2024) | 1.0% | Pune, Maharashtra, India |
To see the full peer comparison of Prashul Real Estate Private Limited, buy the company report.
Auditor
Prashul Real Estate Private Limited is audited by BANSAL BANSAL & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSAL BANSAL & CO | FY 2018 | 100986W |
Shareholding
The shareholding of Prashul Real Estate 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 Prashul Real Estate Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2016 | 100036145 | Others | ₹465 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Prashul Real Estate Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
To see the full case history of Prashul Real Estate 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 Prashul Real Estate Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Prashul Real Estate Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Prashul Real Estate Private Limited has 11 board changes on record since 2016: 3 appointments and 8 cessations. The latest: Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 22 Feb 2024.
3 earlier events are in the company report.
Frequently asked questions
Prashul Real Estate is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Prashul Real Estate is a company under insolvency, formerly operating as a private 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 09 June 2015 and is registered under CIN U70102MH2015PTC265360. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prashul Real Estate has 3 current directors:
- Satish Manoharrao Jadhav - Additional Director
- Subhash Kuttappu Thrippanath - Additional Director
- Jayesh Natvarlal Sanghrajka - Irp/Rp/Liquidator
The latest financial statements of Prashul Real Estate on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Prashul Real Estate is U70102MH2015PTC265360. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prashul Real Estate has open charges of ₹465 Cr and no satisfied charges on record as per latest MCA filings.
Prashul Real Estate has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the supreme court.
Prashul Real Estate was incorporated on 09 June 2015. It is registered with the Registrar of Companies, Mumbai.
The peers of Prashul Real Estate by revenue are Ansul Housing Projects Private Limited, Burman Resorts Private Limited, V V Phuge Promoters and Builders Private Limited, Kanha Facility Management Private Limited, Shree Aditya Constructions Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 22 Feb 2024. Satish Manoharrao Jadhav ceased to be Additional Director on 11 Nov 2020. Subhash Kuttappu Thrippanath ceased to be Additional Director on 25 Sep 2020. Prashul Real Estate has 11 board changes on record in total.
The registered office of Prashul Real Estate is at Office No. 612 B2B Centre Cabin B 6th Floor Bhd. Malad Industrial Estate Kachpada, Malad West, Mumbai, Maharashtra, India – 400064.
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