About Radius Estate Projects Private Limited
Data last updated:
Radius Estate Projects 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 26 September 2014.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH2014PTC258381. Its GSTIN is 27AAECV9136H1Z0 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Vishwaroop Realtors Private Limited. It is led by directors Anil Nandlal Chhabria and Sukant Mangal.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2020, the company reported a revenue of ₹80.73 Lakh, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹9.75 Lakh (net margin 12.1%) and EBITDA of ₹32.71 Cr. Revenue has declined at a compounded annual rate (CAGR) of 71% over three years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,173.1 Cr and satisfied charges of ₹1,302.5 Cr on record. Court records list 26 cases involving the company, including 1 filed by the company and 25 filed against it; 16 cases are pending.
The last known website on record is radiusdevelopers.com.
Company details
Contact details
Radius Estate Projects Private Limited's registered office is in Mumbai, Maharashtra. Its website is radiusdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOne BKC A Wing 1401 Plot No. C – 66 G Block Bandra Kurla Complex Bandra (E, Ast), Mumbai, Maharashtra, India – 400051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Radius Estate Projects 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 Radius Estate Projects 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 |
Financials of Radius Estate Projects Private Limited
FY 2020 filings availableRadius Estate Projects Private Limited reported revenue of ₹80.73 Lakh (down 22% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 71% over three years, including a 22% fall in the latest year. EBITDA fell 90% 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 |
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| EBITDA | ₹32.71 Cr | ||||
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| Net Profit (PAT) | ₹9.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | |||||
| Net Profit Margin | 12.1% | ||||
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To see the full financial statements and ratios of Radius Estate Projects Private Limited, buy the company report.
Board of directors of Radius Estate Projects Private Limited
Radius Estate Projects has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Nandlal Chhabria Also directs: Neuzen Realtors LLP, Turnpoint Developers LLP, Uttwani Realty Private Limited and 5 more | Director | 05 Jun 2017 | 9 Years 4 Months | As last reported |
| Sukant Mangal Also directs: Exquisite Shelters Private Limited, SC Infraventures Private Limited, Fourh Estate Projects Private Limited and 5 more | Director | 29 Nov 2018 | 7 Years 11 Months | As last reported |
Peer comparison
Radius Estate Projects Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akasa Nesto Private Limited | ₹80.8 Lakh (FY 2025) | 26833.0% | Mumbai, Maharashtra, India | |||
| Radius Estate Projects Private Limitedthis company | ₹80.73 Lakh (FY 2020) | ₹9.75 Lakh | 12.1% | -22.0% | 23 | Mumbai, Maharashtra, India |
| Keva Properties Private Limited | ₹80.72 Lakh (FY 2024) | -8.0% | Mumbai, Maharashtra, India | |||
| Ecoprime Highrises Private Limited | ₹80.7 Lakh (FY 2020) | -88.0% | Kolkata, West Bengal, India | |||
| Trishna Infra & Homes Private Limited | ₹80.7 Lakh (FY 2024) | Bhubaneswar, Odisha, India |
To see the full peer comparison of Radius Estate Projects Private Limited, buy the company report.
Auditor
Radius Estate Projects Private Limited is audited by K KANKANI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K KANKANI & CO | FY 2019 | 139958W |
Shareholding
The shareholding of Radius Estate Projects Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | 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 Estate Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2019 | 100263834 | Others | ₹395 Cr | Open | |
| 30 Jul 2018 | 100212688 | Others | ₹1,100 Cr | Open | |
| 19 Jun 2017 | 100117002 | Others | ₹205 Cr | Open | |
| 07 Oct 2016 | 100059165 | Sbicap Trustee Company Limited | ₹40 Cr | Open | |
| 12 May 2016 | 100030290 | Others | ₹350 Cr | Open |
To see the full charge records of Radius Estate Projects Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Radius Estate Projects Private Limited has 26 court cases on record: 1 filed by Radius Estate Projects, 25 filed against it. 16 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 13 |
| NCLAT | 5 | 5 | 3 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Top Class Capital Markets Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed against the company by M/S. Vinsons Projects India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by Yes Bank Ltd. Th. Hitesh Darji | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (PMLA MA) | Filed by the company against State - Directorate of Enforcement, Mumbai (in Ecir/Mbzo-1/03/2020) | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Radius Estate Projects 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 Estate Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Radius Estate Projects Private Limited has a workforce of 23 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Radius Estate Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECV9136H1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Radius Estate Projects Private Limited, buy the company report.
Recent activity
Radius Estate Projects Private Limited has 7 board changes on record since 2017: 2 appointments and 5 cessations. The latest: Sukant Mangal ceased to be Additional Director on 27 Sep 2019.
11 earlier events are in the company report.
News
Frequently asked questions
Radius Estate Projects 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 Estate Projects 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 26 September 2014 and is registered under CIN U45201MH2014PTC258381. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Radius Estate Projects has 2 current directors:
- Anil Nandlal Chhabria - Director
- Sukant Mangal - Director
The latest financial statements of Radius Estate Projects on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Radius Estate Projects is U45201MH2014PTC258381. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radius Estate Projects has open charges of ₹2,173.1 Cr and satisfied charges of ₹1,302.5 Cr as per latest MCA filings.
Radius Estate Projects has 26 court cases on record: 1 filed by the company and 25 filed against it. 16 are pending. Most are in the district courts.
Radius Estate Projects was incorporated on 26 September 2014. It is registered with the Registrar of Companies, Mumbai.
The peers of Radius Estate Projects by revenue are Akasa Nesto Private Limited, Keva Properties Private Limited, Ecoprime Highrises Private Limited, Trishna Infra & Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Sukant Mangal ceased to be Additional Director on 27 Sep 2019. Quaiser Parvez ceased to be Director on 29 Nov 2018. Sukant Mangal was appointed as Director on 29 Nov 2018. Radius Estate Projects has 7 board changes on record in total.
Radius Estate Projects can be reached through the website radiusdevelopers.com. Its registered office is in Mumbai, Maharashtra, India.
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