About Radiance Properties (India) Private Limited
Data last updated:
Radiance Properties (India) Private Limited is a private limited company based in Navi 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 17 April 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2007PTC169926. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹20 Cr. It was formerly known as Retroscape Infrastructure Limited and Radiance Properties (India) Limited. It is led by directors including Anuj Bajpai (Irp/Rp/Liquidator) and Vijay Premjibhai Patel.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Office No.905/906 Level – 9 Maithili'S Signet Plot No. 39/4 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2020, the company reported a revenue of ₹1.94 Cr, a decline of 88% compared to the previous year. For the same year it recorded a net profit of ₹74,534 (net margin 0.4%) and EBITDA of ₹74,534 (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 208% over three years and 76% over five years.
As per MCA filings, the company has open charges of ₹107 Cr on record. Court records list 58 cases involving the company, including 9 filed by the company and 49 filed against it; 10 cases are pending.
The last known website on record is radianceproperties.in.
Company details
Name history
Radiance Properties (India) has undergone 2 name changes throughout its history. The company was previously known as Retroscape Infrastructure Limited, and Radiance Properties (India) Limited. The current legal name is Radiance Properties (India) Private Limited.
| Company Name | Status |
|---|---|
| Radiance Properties (India) Private Limited | Current |
| Retroscape Infrastructure Limited | Previous |
| Radiance Properties (India) Limited | Previous |
CIN history
Radiance Properties (India) has one previous CIN (Corporate Identification Number): U70102MH2007PLC169926. The current CIN is U70102MH2007PTC169926, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102MH2007PTC169926 | Current |
| U70102MH2007PLC169926 | Previous |
Contact details
Radiance Properties (India) Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is radianceproperties.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No.905/906 Level – 9 Maithili'S Signet Plot No. 39/4 Sector – 30A Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Radiance Properties (India) 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 Radiance Properties (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 Radiance Properties (India) Private Limited, buy the company report.
Financials of Radiance Properties (India) Private Limited
FY 2020 filings availableRadiance Properties (India) Private Limited reported revenue of ₹1.94 Cr (down 88% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 76%. EBITDA rose 100% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹74,534 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74,534 | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Radiance Properties (India) Private Limited, buy the company report.
Board of directors of Radiance Properties (India) Private Limited
Radiance Properties (India) 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 |
|---|---|---|---|---|
| Anuj Bajpai | Irp/Rp/Liquidator | 03 Mar 2023 | 3 Years 7 Months | As last reported |
| Vijay Premjibhai Patel | Director | 31 Mar 2009 | 17 Years 7 Months | As last reported |
| Pratibha Ramesh Patel Also directs: Radiance Finvest Private Limited | Director | 27 Apr 2013 | 13 Years 6 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Feb 2012 | 10336907 | Others | ₹8 Cr | Open | |
| 26 Dec 2011 | 10325696 | Others | ₹11 Cr | Open | |
| 07 Apr 2011 | 10286891 | Others | ₹18 Cr | Open | |
| 13 Dec 2010 | 10258652 | Others | ₹18 Cr | Open | |
| 20 Oct 2010 | 10251338 | Abhyudaya Co-Op. Bank Ltd | ₹8 Cr | Open |
To see the full charge records of Radiance Properties (India) Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Radiance Properties (India) Private Limited has 58 court cases on record: 9 filed by Radiance Properties (India), 49 filed against it. 10 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 34 | 28 | 2 |
| District courts | 22 | 20 | 8 |
| Supreme Court | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Resolve Support Services Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by M/S. Nueclear Healthcare Limited | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Mayur Enterprises | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Radiance Properties (India) 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 Radiance Properties (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Radiance Properties (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 Radiance Properties (India) Private Limited, buy the company report.
Recent activity
Radiance Properties (India) Private Limited has 13 board changes on record since 2007: 3 appointments and 10 cessations. The latest: Anuj Bajpai was appointed as Irp/Rp/Liquidator on 03 Mar 2023.
17 earlier events are in the company report.
Frequently asked questions
Radiance Properties (India) 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.
Radiance Properties (India) is a company under liquidation, formerly operating as a private limited company based in Navi Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 17 April 2007 and is registered under CIN U70102MH2007PTC169926. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Radiance Properties (India) has 3 current directors:
- Vijay Premjibhai Patel - Director
- Pratibha Ramesh Patel - Director
- Anuj Bajpai - Irp/Rp/Liquidator
The latest financial statements of Radiance Properties (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Radiance Properties (India) is U70102MH2007PTC169926. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radiance Properties (India) has open charges of ₹107 Cr and no satisfied charges on record as per latest MCA filings.
Radiance Properties (India) has 58 court cases on record: 9 filed by the company and 49 filed against it. 10 are pending. Most are in the high courts.
Radiance Properties (India) was incorporated on 17 April 2007. It is registered with the Registrar of Companies, Mumbai.
Anuj Bajpai was appointed as Irp/Rp/Liquidator on 03 Mar 2023. Savitri Visanji Patel ceased to be Director on 10 May 2014. Karan Raju Patel ceased to be Director on 09 Aug 2013. Radiance Properties (India) has 13 board changes on record in total.
Radiance Properties (India) can be reached through the website radianceproperties.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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