Raga Foundation Private Limited
About Raga Foundation Private Limited
Data last updated:
Raga Foundation Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45200TN2008PTC066016. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Seshadri Rajagopal Venkat Sridhar (Managing Director) and Mythili Ragunathan.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at No. 23/12 Desika Road Alwarpet, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2018, the company reported a revenue of ₹26,170, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹81,233 (net margin -310.4%) and EBITDA of -₹80,465 (EBITDA margin -307.5%). Revenue has declined at a compounded annual rate (CAGR) of 92% over three years.
As per MCA filings, the company has open charges of ₹3.53 Cr on record. Court records list 22 cases involving the company, including 12 filed by the company and 10 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Raga Foundation Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 23/12 Desika Road Alwarpet, Chennai, Tamil Nadu, India – 600004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Raga Foundation 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 Raga Foundation 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 Raga Foundation Private Limited, buy the company report.
Financials of Raga Foundation Private Limited
FY 2018 filings availableRaga Foundation Private Limited reported revenue of ₹26,170 (down 100% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 92% over three years. EBITDA rose 96% 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 |
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| Total Expenses | ||||
| EBITDA | -₹80,465 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹81,233 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -307.5% | |||
| Net Profit Margin | -310.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Raga Foundation Private Limited, buy the company report.
Board of directors of Raga Foundation Private Limited
Raga Foundation has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mythili Ragunathan | Director | 05 Oct 2016 | 10 Years 0 Months | Current |
| Seshadri Rajagopal Venkat Sridhar | Managing Director | 10 Jan 2008 | 18 Years 9 Months | Current |
Peer comparison
Raga Foundation Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Raga Foundation Private Limitedthis company | ₹26,170 (FY 2018) | -₹81,233 | -310.4% | -100.0% | Chennai, Tamil Nadu, India | |
| Globaltech Engineering Private Limited | ₹26,150 (FY 2024) | -91.0% | Pratapgarh, Uttar Pradesh, India | |||
| Omkar Devcon Properties Private Limited | ₹26,110 (FY 2024) | -99.0% | Kolkata, West Bengal, India | |||
| Aby Developers Private Limited | ₹26,053 (FY 2020) | -98.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Raga Foundation Private Limited, buy the company report.
Auditor
Raga Foundation Private Limited is audited by R.RAMALINGAM ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.RAMALINGAM ASSOCIATES | FY 2017 | 027154 |
Shareholding
The shareholding of Raga Foundation Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Raga Foundation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2015 | 10552319 | Canara Bank | ₹2.56 Lakh | Open | |
| 07 May 2013 | 10515853 | Canara Bank | ₹3.5 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Raga Foundation Private Limited has 22 court cases on record: 12 filed by Raga Foundation, 10 filed against it. 3 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 9 | 2 |
| District courts | 3 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by M/S.V.N.S.Leather Exports Pvt. Ltd., and 3 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.V.N.S.Leather Exports Pvt Ltd and 3 others | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by individuals | Pending |
| High Court, TAMIL NADU | Original application | Filed by the company against individuals | Pending |
To see the full case history of Raga Foundation 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 Raga Foundation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Raga Foundation Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
GST
Raga Foundation 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 Raga Foundation Private Limited, buy the company report.
Recent activity
Raga Foundation Private Limited has 5 board changes on record since 2008: 2 appointments and 3 cessations. The latest: Mythili Ragunathan ceased to be Additional Director on 30 Sep 2017.
Frequently asked questions
Raga Foundation is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 January 2008 (18+ years old) and is registered under CIN U45200TN2008PTC066016.
Raga Foundation has 2 current directors:
- Seshadri Rajagopal Venkat Sridhar - Managing Director
- Mythili Ragunathan - Director
The latest financial statements of Raga Foundation on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. Raga Foundation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Raga Foundation is U45200TN2008PTC066016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raga Foundation has 22 court cases on record: 12 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Raga Foundation was incorporated on 10 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Raga Foundation by revenue are Globaltech Engineering Private Limited, Omkar Devcon Properties Private Limited, Aby Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Mythili Ragunathan ceased to be Additional Director on 30 Sep 2017. Lakshmi Kewalchand Ragunathan ceased to be Director on 05 Oct 2016. Mythili Ragunathan was appointed as Director on 05 Oct 2016. Raga Foundation has 5 board changes on record in total.
The registered office of Raga Foundation is at No. 2312 Desika Road Alwarpet, Chennai, Tamil Nadu, India – 600004.
Raga Foundation operates in the real estate and construction industry, in the real estate builders and developers segment.
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