About Radius & Deserve Land Developers Private Limited
Data last updated:
Radius & Deserve Land Developers 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 28 December 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2006PTC166575. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Deserve Land Developers Private Limited and Ami Varsha Land Developers Private Limited. It is led by directors including Santosh Kumar Sarda (Managing Director) and Sanjay Rajkumar Chhabria (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Deserve Cst Road Junction Opp. University Of Mumbai Premises Kalina Santacruz (East), Maharashtra, India – 400098.
As per MCA filings, the company has open charges of ₹430 Cr on record. Court records list 28 cases involving the company, including 18 filed by the company and 10 filed against it; 19 cases are pending. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.9 Cr; the latest was in September 2015.
The last known website on record is deserve.co.in.
Company details
Name history
Radius & Deserve Land Developers has undergone 2 name changes throughout its history. The company was previously known as Deserve Land Developers Private Limited, and Ami Varsha Land Developers Private Limited. The current legal name is Radius & Deserve Land Developers Private Limited.
| Company Name | Status |
|---|---|
| Radius & Deserve Land Developers Private Limited | Current |
| Deserve Land Developers Private Limited | Previous |
| Ami Varsha Land Developers Private Limited | Previous |
Contact details
Radius & Deserve Land Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is deserve.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDeserve Cst Road Junction Opp. University Of Mumbai Premises Kalina Santacruz (East), Maharashtra, India – 400098
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Radius & Deserve Land 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
Financials of Radius & Deserve Land Developers Private Limited
FY 2019 filings availableRadius & Deserve Land Developers Private Limited reported revenue of ₹8,000 (up 700% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over three years, including 700% growth 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
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| Total Revenue | ₹8,000 | ||||
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Financial Ratios
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To see the full financial statements and ratios of Radius & Deserve Land Developers Private Limited, buy the company report.
Board of directors of Radius & Deserve Land Developers Private Limited
Radius & Deserve Land Developers has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kumar Sarda | Managing Director | 01 Sep 2012 | 14 Years 2 Months | As last reported |
| Sanjay Rajkumar Chhabria | Managing Director | 04 Aug 2015 | 11 Years 3 Months | As last reported |
| Avil Jerome Menezes | Irp/Rp/Liquidator | 22 May 2023 | 3 Years 5 Months | As last reported |
Auditor
Radius & Deserve Land Developers Private Limited is audited by S M M P & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M M P & Associates | FY 2019 | 120438W |
Shareholding
The shareholding of Radius & Deserve Land Developers 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 Radius & Deserve Land Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jan 2018 | 100181872 | Others | ₹15 Cr | Open | |
| 07 Dec 2017 | 100181870 | Others | ₹100 Cr | Open | |
| 15 Sep 2015 | 10594158 | Others | ₹315 Cr | Open |
To see the full charge records of Radius & Deserve Land Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Radius & Deserve Land Developers Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.9 Cr; the latest was in September 2015.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Deserve Exim Private Limited |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Radius Developers LLP , an individual Seller: Deserve Exim Private Limited , an individual |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Deserve Exim Private Limited Seller: Deserve Properties Private Limited |
| Mar 2013 | Funding round | ₹4.9 Cr | Investors: Deserve Properties Private Limited |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Deserve Properties Private Limited Seller: Poddar Developers Private Limited |
To see the full deal history of Radius & Deserve Land 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
Radius & Deserve Land Developers Private Limited has 28 court cases on record: 18 filed by Radius & Deserve Land Developers, 10 filed against it. 19 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 20 | 4 | 16 |
| District courts | 3 | 3 | 1 |
| High courts | 3 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed by the company against Radius & Deserve Builders LLP & Ors. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Radius & Deserve Builders LLP & Ors. and 2 others | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Radius & Deserve Builders LLP & Anr. and 2 others | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Radius & Deserve Builders LLP (Through Its Resolution Professional Jayesh Natvarlal Sanghrajka) and 2 others | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by M/S Investors Clinic Infratech Pvt Ltd | Disposed |
To see the full case history of Radius & Deserve Land 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 Radius & Deserve Land Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Radius & Deserve Land Developers 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 Radius & Deserve Land Developers Private Limited, buy the company report.
Recent activity
Radius & Deserve Land Developers Private Limited has 21 board changes on record since 2007: 3 appointments and 18 cessations. The latest: Avil Jerome Menezes was appointed as Irp/Rp/Liquidator on 22 May 2023.
18 earlier events are in the company report.
Frequently asked questions
Radius & Deserve Land 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.
Radius & Deserve Land Developers 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 28 December 2006 and is registered under CIN U45201MH2006PTC166575. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Radius & Deserve Land Developers has 3 current directors:
- Santosh Kumar Sarda - Managing Director
- Sanjay Rajkumar Chhabria - Managing Director
- Avil Jerome Menezes - Irp/Rp/Liquidator
The latest financial statements of Radius & Deserve Land Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Radius & Deserve Land Developers is U45201MH2006PTC166575. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radius & Deserve Land Developers has open charges of ₹430 Cr and no satisfied charges on record as per latest MCA filings.
Radius & Deserve Land Developers has 28 court cases on record: 18 filed by the company and 10 filed against it. 19 are pending. Most are in the nclat.
Radius & Deserve Land Developers was incorporated on 28 December 2006. It is registered with the Registrar of Companies, Mumbai.
Radius & Deserve Land Developers has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹4.9 Cr; the latest was in September 2015.
Avil Jerome Menezes was appointed as Irp/Rp/Liquidator on 22 May 2023. Santosh Kumar Sarda ceased to be Director on 01 Jun 2016. Sanjay Rajkumar Chhabria ceased to be Additional Director on 30 Sep 2015. Radius & Deserve Land Developers has 21 board changes on record in total.
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