Privilege Power and Infrastructure Private Limited
About Privilege Power and Infrastructure Private Limited
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Privilege Power and Infrastructure Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Housing Development And Infrastructure 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 September 1984.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH1984PTC033927. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹161.05 Cr and a paid-up capital of ₹161.05 Cr. It was formerly known as Dewan Investment Pvt Ltd and Privilege Power and Infrastructure Private Limited C/N Privileg. It is led by directors including Rakeshkumar Kuldipsingh Wadhawan and Sarang Rakesh Wadhawan.
Its last annual general meeting (AGM) was held on 26 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 3rd Floor Hdil Towers Anant Kanekar Marg Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2018, the company reported a revenue of ₹7.24 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 17.6%) and EBITDA of ₹58.13 Cr. Revenue has grown at a compounded annual rate (CAGR) of 53% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,130.21 Cr and satisfied charges of ₹1,355 Cr on record. Court records list 30 cases involving the company, including 4 filed by the company and 26 filed against it; 17 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹321 Cr; the latest was in March 2015.
Company details
Name history
Privilege Power and Infrastructure has undergone 2 name changes throughout its history. The company was previously known as Dewan Investment Pvt Ltd, and Privilege Power And Infrastructure Private Limited C/N Privileg. The current legal name is Privilege Power And Infrastructure Private Limited.
| Company Name | Status |
|---|---|
| Privilege Power and Infrastructure Private Limited | Current |
| Dewan Investment Pvt Ltd | Previous |
| Privilege Power And Infrastructure Private Limited C/N Privileg | Previous |
Contact details
Privilege Power and Infrastructure Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3rd Floor Hdil Towers Anant Kanekar Marg Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Privilege Power and Infrastructure 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 Privilege Power and Infrastructure 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 Privilege Power and Infrastructure Private Limited, buy the company report.
Financials of Privilege Power and Infrastructure Private Limited
FY 2018 filings availablePrivilege Power and Infrastructure Private Limited reported revenue of ₹7.24 Cr (down 50% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 53%. EBITDA fell 48% 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 | ₹7.24 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹58.13 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.28 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | 17.6% | |||
| 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 Privilege Power and Infrastructure Private Limited, buy the company report.
Board of directors of Privilege Power and Infrastructure Private Limited
Privilege Power and Infrastructure 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 |
|---|---|---|---|---|
| Rakeshkumar Kuldipsingh Wadhawan | Director | 20 Dec 2005 | 20 Years 10 Months | As last reported |
| Sarang Rakesh Wadhawan Also directs: Privilege Airways Pvt Ltd, Privilege Distilleries Private Limited, Privilege Holding and Investment Private Limited and 2 more | Director | 20 Dec 2005 | 20 Years 10 Months | As last reported |
| Saimon Francis Dsouza Also directs: Wadhawan Livestock Private Limited, The Mall Malad Management Company Limited, Privilege Oil & Gas Private Limited and 3 more | Director | 10 Mar 2018 | 8 Years 7 Months | As last reported |
Auditor
Privilege Power and Infrastructure Private Limited is audited by RAJESWARI & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESWARI & ASSOCIATES | FY 2018 | 123005W |
Shareholding
The shareholding of Privilege Power and Infrastructure 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 Privilege Power and Infrastructure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2018 | 100207382 | Punjab and Maharashtra Co-Operative Bank Limited | ₹100 Cr | Open | |
| 05 Mar 2018 | 100183166 | Punjab and Maharashtra Co-Operative Bank Limited | ₹120 Cr | Open | |
| 17 Apr 2017 | 100095717 | Punjab and Maharashtra Co-Operative Bank Limited | ₹10 Cr | Open | |
| 17 Apr 2017 | 100095713 | Punjab and Maharashtra Co-Operative Bank Limited | ₹10 Cr | Open | |
| 17 Apr 2017 | 100095708 | Punjab and Maharashtra Co-Operative Bank Limited | ₹10 Cr | Open |
To see the full charge records of Privilege Power and Infrastructure Private Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Privilege Power and Infrastructure Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹321 Cr; the latest was in March 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Rights issue | ₹24.86 Cr | Investors: Housing Development and Infrastructure Limited |
| Aug 2010 | Funding round | ₹321 Cr | Investors: Housing Development and Infrastructure Limited |
| Dec 2006 | Secondary share transfer | Undisclosed | Buyer: Housing Development and Infrastructure Limited & Rakeshkumar Kuldipsingh Wadhawan Seller: an individual |
| Mar 2006 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Privilege Power and Infrastructure Private Limited has 30 court cases on record: 4 filed by Privilege Power and Infrastructure, 26 filed against it. 17 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 12 |
| High courts | 9 | 7 | 5 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by Jade Agri Land Private Limited | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Jade Agri Land Private Limited | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by J.C. Flowers Asset Reconstructionprivate Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Yes Bank Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S. Singh Intelligence Security Pvt. Ltd. | Disposed |
To see the full case history of Privilege Power and Infrastructure 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 Privilege Power and Infrastructure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Privilege Power and Infrastructure Private Limited has a workforce of 2 employees on its EPFO records as of May 06, 2024, across 1 active EPFO establishment.
GST
Privilege Power and Infrastructure 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 Privilege Power and Infrastructure Private Limited, buy the company report.
Recent activity
Privilege Power and Infrastructure Private Limited has 13 board changes on record since 2005: 3 appointments and 10 cessations. The latest: Darshan Dhrupad Majmudar ceased to be Company Secretary on 07 Jul 2020.
47 earlier events are in the company report.
Frequently asked questions
Privilege Power and Infrastructure 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.
Privilege Power and Infrastructure 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 04 September 1984 and is registered under CIN U65990MH1984PTC033927. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Privilege Power and Infrastructure has 3 current directors:
- Rakeshkumar Kuldipsingh Wadhawan - Director
- Sarang Rakesh Wadhawan - Director
- Saimon Francis Dsouza - Director
The latest financial statements of Privilege Power and Infrastructure on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Privilege Power and Infrastructure is U65990MH1984PTC033927. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Privilege Power and Infrastructure has open charges of ₹5,130.21 Cr and satisfied charges of ₹1,355 Cr as per latest MCA filings.
Privilege Power and Infrastructure has 30 court cases on record: 4 filed by the company and 26 filed against it. 17 are pending. Most are in the district courts.
Privilege Power and Infrastructure was incorporated on 04 September 1984. It is registered with the Registrar of Companies, Mumbai.
Privilege Power and Infrastructure has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹321 Cr; the latest was in March 2015.
Darshan Dhrupad Majmudar ceased to be Company Secretary on 07 Jul 2020. Saimon Francis Dsouza ceased to be Additional Director on 26 Sep 2018. Ashok Kumar Gupta ceased to be Director on 10 Mar 2018. Privilege Power and Infrastructure has 13 board changes on record in total.
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