Precision Realty Developers Private Limited
About Precision Realty Developers Private Limited
Data last updated:
Precision Realty Developers Private Limited is a private limited company based in Palghar, Maharashtra, India, a subsidiary of Futurebazaar India Limited. 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 equipment leasing and financing segment of the financial services sector. It was incorporated on 11 January 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70200MH2007PTC166932. Its GSTIN is 27AAECP2840C1ZR (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹35.01 Cr and a paid-up capital of ₹33.36 Cr. It is led by directors including Digamber Jadhav Dnyaneshwar and Pradeep Kumar Kabra (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Palghar, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.65 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹14.85 Cr and EBITDA of ₹2.13 Cr (EBITDA margin 80.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
As per MCA filings, the company has open charges of ₹328.44 Cr and satisfied charges of ₹365 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 7 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹24.99 Cr; the latest was in December 2020. Its 4 peer companies in the BFSI industry (Machinery and Equipment Leasing, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 2 smaller; the largest is Kushmitha Foundations Private Limited with revenue of ₹2.65 Cr.
Company details
Contact details
Precision Realty Developers Private Limited's registered office is in Palghar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 45 Ground Floor F Wing Krisha Arcade Building 11 Yashwant Shrusti, Khaira India, Palghar, Maharashtra, India – 401501
- IndustryFinancial Services, Equipment Leasing & Financing, Real Estate Financing
To see the full contact details of Precision Realty Developers 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 Precision Realty Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Precision Realty Developers Private Limited, buy the company report.
Financials of Precision Realty Developers Private Limited
FY 2023 filings availablePrecision Realty Developers Private Limited reported revenue of ₹2.65 Cr (down 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 114% 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 | ₹2.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.85 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 | 80.5% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Precision Realty Developers Private Limited, buy the company report.
Board of directors of Precision Realty Developers Private Limited
Precision Realty Developers has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Jalinder Kamble Also directs: Prasong Corporation Private Limited, Fumiro Corporation (I) Private Limited, Akar Estate & Finance Pvt Ltd and 5 more | Additional Director | 25 Aug 2023 | 3 Years 2 Months | As last reported |
| Digamber Jadhav Dnyaneshwar | Director | 24 Apr 2022 | 4 Years 6 Months | As last reported |
| Pradeep Kumar Kabra | Irp/Rp/Liquidator | 31 Oct 2023 | 3 Years 0 Months | As last reported |
Peer comparison
Precision Realty Developers Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Machinery and Equipment Leasing, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kushmitha Foundations Private Limited | ₹2.65 Cr (FY 2025) | -17.0% | Chennai 600O35, Tamil Nadu, India | |||
| Morphre Echo Private Limited | ₹2.65 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Precision Realty Developers Private Limitedthis company | ₹2.65 Cr (FY 2023) | -₹14.85 Cr | -17.0% | Palghar, Maharashtra, India | ||
| Silver Duck Traders Private Limited | ₹2.64 Cr (FY 2025) | 0.0% | Delhi, India | |||
| S.U. Properties Private Limited | ₹2.64 Cr (FY 2024) | 902.0% | New Delhi, Delhi, India |
To see the full peer comparison of Precision Realty Developers Private Limited, buy the company report.
Auditor
Precision Realty Developers Private Limited is audited by Ashok Bairagra & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Bairagra & Associates | FY 2023 | 118677W |
Shareholding
The shareholding of Precision Realty Developers 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precision Realty Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jul 2020 | 100351135 | Others | ₹118.13 Cr | Open | |
| 14 Mar 2017 | 100087195 | Others | ₹210.31 Cr | Open | |
| 09 Jan 2020 | 100319253 | Others | ₹25 Cr | Satisfied | |
| 22 Mar 2018 | 100167634 | Idbi Trusteeship Services Limited | ₹115 Cr | Satisfied | |
| 17 Jun 2013 | 10435328 | Indian Overseas Bank | ₹125 Cr | Satisfied |
To see the full charge records of Precision Realty Developers Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Precision Realty Developers Private Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹24.99 Cr; the latest was in December 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Bansi Mall Management Company Private Limited Seller: Rivaaz Trade Ventures Private Limited , an individual |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: Futurebazaar India Limited & Vimal K Dhruve, Futurebazaar India Limited & Deepak Navinchandra Tanna, Futurebazaar India Limited & Sanjay Ramprasad Rathi Seller: Bansi Mall Management Company Private Limited , Suhani Mall Management Company Private Limited , Harmony Malls Management Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Harmony Malls Management Private Limited Seller: Ujjain Future Bazaar Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Rivaaz Trade Ventures Private Limited Seller: F R Retail Destination Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Harmony Malls Management Private Limited Seller: Future Market Networks Limited & Rampal Laddha, Future Market Networks Limited |
To see the full deal history of Precision Realty Developers Private 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
Precision Realty Developers Private Limited has 9 court cases on record: 1 filed by Precision Realty Developers, 8 filed against it. 7 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 7 |
| NCLT | 2 | 1 | 0 |
Cases on record (3 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Phoenix Arc Private Limited and 1 other | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Phoenix Arc Private Limited Trustee of Phoenix Trust Fy23-7 | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Precision Realty Developers 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 Precision Realty Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Precision Realty Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP2840C1ZR | Maharashtra | Active | 01 Jul 2017 |
| 19AAECP2840C1ZO | West Bengal | Active | 03 Aug 2017 |
To see the full GST registrations and return filing status of Precision Realty Developers Private Limited, buy the company report.
Recent activity
Precision Realty Developers Private Limited has 12 board changes on record since 2007: 3 appointments and 9 cessations. The latest: Pradeep Kumar Kabra was appointed as Irp/Rp/Liquidator on 31 Oct 2023.
17 earlier events are in the company report.
Frequently asked questions
Precision Realty Developers 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.
Precision Realty Developers is a company under insolvency, formerly operating as a private limited company based in Palghar, Maharashtra, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 11 January 2007 and is registered under CIN U70200MH2007PTC166932. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Precision Realty Developers has 3 current directors:
- Deepak Jalinder Kamble - Additional Director
- Digamber Jadhav Dnyaneshwar - Director
- Pradeep Kumar Kabra - Irp/Rp/Liquidator
The latest financial statements of Precision Realty Developers on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Precision Realty Developers is U70200MH2007PTC166932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precision Realty Developers has open charges of ₹328.44 Cr and satisfied charges of ₹365 Cr as per latest MCA filings.
Precision Realty Developers has 9 court cases on record: 1 filed by the company and 8 filed against it. 7 are pending. Most are in the district courts.
Precision Realty Developers was incorporated on 11 January 2007. It is registered with the Registrar of Companies, Mumbai.
Precision Realty Developers has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹24.99 Cr; the latest was in December 2020.
The peers of Precision Realty Developers by revenue are Kushmitha Foundations Private Limited, Morphre Echo Private Limited, Silver Duck Traders Private Limited, S.U. Properties Private Limited, all in the BFSI industry (Machinery and Equipment Leasing, Real Estate Leasing), with the same principal business activity (real estate activities with own or leased property).
Pradeep Kumar Kabra was appointed as Irp/Rp/Liquidator on 31 Oct 2023. Deepak Jalinder Kamble was appointed as Additional Director on 25 Aug 2023. Digamber Jadhav Dnyaneshwar ceased to be Additional Director on 30 Sep 2022. Precision Realty Developers has 12 board changes on record in total.
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