About Raffles Residency Private Limited
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Raffles Residency Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 26 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2010PTC056010. Its GSTIN is 29AAFCR0615J1ZC (Karnataka).
The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹44.37 Lakh. It is led by directors Hussain Somjee and Sanjib Kumar Nayak.
Its last annual general meeting (AGM) was held on 30 January 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at #54 Planet 2 Ndfloor Whitefieldmainroadopphulresearchcentre Whitefield, Bangalore, Karnataka, India – 560066.
As per the financials filed for FY 2020, the company reported a revenue of ₹7.39 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹23.11 Cr (net margin -312.6%) and EBITDA of -₹7.13 Cr (EBITDA margin -96.5%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 67% over five years.
As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹72 Cr on record. Court records list 56 cases involving the company, including 23 filed by the company and 33 filed against it; 15 cases are pending. The company has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹112.68 Cr; the latest was in February 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rafflespark.com.
Company details
Contact details
Raffles Residency Private Limited's registered office is in Bangalore, Karnataka. Its website is rafflespark.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address#54 Planet 2 Ndfloor Whitefieldmainroadopphulresearchcentre Whitefield, Bangalore, Karnataka, India – 560066
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Raffles Residency 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 Raffles Residency 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 Raffles Residency Private Limited, buy the company report.
Financials of Raffles Residency Private Limited
FY 2020 filings availableRaffles Residency Private Limited reported revenue of ₹7.39 Cr (down 46% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 67%. EBITDA rose 74% 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 | ₹7.39 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹7.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹23.11 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -96.5% | ||||
| Net Profit Margin | -312.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Raffles Residency Private Limited, buy the company report.
Board of directors of Raffles Residency Private Limited
Raffles Residency has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjib Kumar Nayak | Additional Director | 15 Jun 2020 | 6 Years 4 Months | Current |
| Hussain Somjee Also directs: Mimihomes Private Limited | Director | 18 Dec 2017 | 8 Years 10 Months | Current |
Auditor
Raffles Residency Private Limited is audited by VASAN & SAMPATH LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASAN & SAMPATH LLP | FY 2020 | 004542S |
Shareholding
The shareholding of Raffles Residency Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Raffles Residency Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2018 | 100204897 | Others | ₹100 Cr | Open | |
| 26 Mar 2018 | 100174575 | Others | ₹100 Cr | Open | |
| 30 Dec 2016 | 100070598 | State Bank of India | ₹42 Cr | Satisfied | |
| 25 Sep 2014 | 10525952 | State Bank of India | ₹30 Cr | Satisfied |
To see the full charge records of Raffles Residency Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Raffles Residency Private Limited has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹112.68 Cr; the latest was in February 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Debt financing | ₹80 Cr | Investors: Nomura Investments (Singapore) Pte Limited |
| Feb 2018 | Funding round | ₹34.2 Lakh | Investors: I Net International Limited |
| Nov 2015 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Sep 2015 | Funding round | ₹5 Lakh | Investors: 3 individuals |
| Jul 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Raffles Residency 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
Raffles Residency Private Limited has 56 court cases on record: 23 filed by Raffles Residency, 33 filed against it. 15 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 26 | 2 |
| High courts | 23 | 5 | 10 |
| Supreme Court | 3 | 2 | 3 |
Cases on record (5 of 56)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1401-Contempt of Court : Civil contempt including suo moto contempt petition, appeals/SLPs arising out of civil contempt petitions before the High Court) | Filed against the company by individuals | Pending |
| Supreme Court | Court case (1401-Contempt of Court : Civil contempt including suo moto contempt petition, appeals/SLPs arising out of civil contempt petitions before the High Court) | Filed against the company by individuals | Pending |
| High Court | Writ petition | Filed against the company by Ans Connectors Private Limited and 5 others | Pending |
| High Court | Court case (CCC) | Filed against the company by Assets Care and Reconstruction Enterprise Ltd and 1 other | Pending |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed against the company by M/S. Fuso Glass India Pvt. Ltd., Rep. by Its Legal Manager, Mr. Sandeep | Disposed |
To see the full case history of Raffles Residency 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.
Credit ratings & regulatory alerts
Raffles Residency Private Limited was last rated by Care on 07 Feb 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Feb 2018 |
To see the full credit ratings and regulatory alerts of Raffles Residency Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raffles Residency Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raffles Residency has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCR0615J1ZC | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raffles Residency Private Limited, buy the company report.
Recent activity
Raffles Residency Private Limited has 11 board changes on record since 2011: 2 appointments and 9 cessations. The latest: Sanjib Kumar Nayak was appointed as Additional Director on 15 Jun 2020.
12 earlier events are in the company report.
Frequently asked questions
Raffles Residency is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 26 November 2010 (16+ years old) and is registered under CIN U70102KA2010PTC056010.
Raffles Residency has 2 current directors:
- Sanjib Kumar Nayak - Additional Director
- Hussain Somjee - Director
The latest financial statements of Raffles Residency on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 January 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Raffles Residency is 29AAFCR0615J1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Raffles Residency is U70102KA2010PTC056010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raffles Residency has 56 court cases on record: 23 filed by the company and 33 filed against it. 15 are pending. Most are in the district courts.
Raffles Residency was incorporated on 26 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Raffles Residency has 11 deals on record (8 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹112.68 Cr; the latest was in February 2022.
Sanjib Kumar Nayak was appointed as Additional Director on 15 Jun 2020. Prannoy Kumar ceased to be Director on 11 Sep 2018. Hussain Somjee ceased to be Additional Director on 10 Sep 2018. Raffles Residency has 11 board changes on record in total.
Raffles Residency can be reached through the website rafflespark.com. Its registered office is in Bangalore, Karnataka, India.
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