About Raghuleela Builders Private Limited
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Raghuleela Builders 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 13 March 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2007PTC210593. Its GSTIN is 27AADCR5942E1ZD (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.4 Lakh. It is led by directors Sanjay Rajkumar Chhabria and Ritu Sanjay Chhabria.
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 ₹215.7 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹254.48 Cr (net margin -118%) and EBITDA of -₹206.19 Cr (EBITDA margin -95.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 30% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,384.5 Cr and satisfied charges of ₹6,420 Cr on record. Court records list 105 cases involving the company, including 10 filed by the company and 95 filed against it; 30 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 debt financing), with disclosed funding of ₹645 Cr; the latest was in March 2018. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is A.P.State Housing Corporation Limited with revenue of ₹216.98 Cr. The company has 8 MSME Form 1 returns on record between 2016 and 2019, listing 33 overdue payments to 4 micro and small suppliers.
The last known website on record is radiusdevelopers.com.
Company details
CIN history
Raghuleela Builders has one previous CIN (Corporate Identification Number): U45200PN2007PTC129776. The current CIN is U45200MH2007PTC210593, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2007PTC210593 | Current |
| U45200PN2007PTC129776 | Previous |
Contact details
Raghuleela Builders 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 AddressUnit No. 1112/1113 C – Wing One BKC 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 Raghuleela Builders 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 Raghuleela Builders 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 Raghuleela Builders Private Limited, buy the company report.
Financials of Raghuleela Builders Private Limited
FY 2020 filings availableRaghuleela Builders Private Limited reported revenue of ₹215.7 Cr (down 49% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 49% fall in the latest year. EBITDA fell 166% 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 | ₹215.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹206.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹254.48 Cr | ||||
| 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 | -95.6% | ||||
| Net Profit Margin | -118% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Raghuleela Builders Private Limited, buy the company report.
Board of directors of Raghuleela Builders Private Limited
Raghuleela Builders has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Rajkumar Chhabria | Director | 22 Apr 2015 | 11 Years 6 Months | As last reported |
| Ritu Sanjay Chhabria | Director | 22 Nov 2013 | 12 Years 11 Months | As last reported |
Peer comparison
Raghuleela Builders 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 |
|---|---|---|---|---|---|---|
| A.P.State Housing Corporation Limited | ₹216.98 Cr (FY 2018) | 39.0% | Telangana, India | |||
| DLF Homes Panchkula Private Limited | ₹216.61 Cr (FY 2025) | 107.0% | Gurgaon, Haryana, India | |||
| Raghuleela Builders Private Limitedthis company | ₹215.7 Cr (FY 2020) | -₹254.48 Cr | -118% | -49.0% | 27 | Mumbai, Maharashtra, India |
| Mahindra Happinest Developers Limited | ₹215.09 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Raghuleela Builders Private Limited, buy the company report.
Auditor
Raghuleela Builders Private Limited is audited by K. Kankani & Co. for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. Kankani & Co. | FY 2020 | 139958W |
Shareholding
The shareholding of Raghuleela Builders 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 Raghuleela Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2020 | 100342114 | Others | ₹19.5 Cr | Open | |
| 20 Dec 2018 | 100224225 | Idbi Trusteeship Services Limited | ₹300 Cr | Open | |
| 19 Jun 2017 | 100117123 | Others | ₹205 Cr | Open | |
| 30 Dec 2016 | 100081894 | Vijaya Bank | ₹90 Cr | Open | |
| 13 Oct 2016 | 100055459 | Others | ₹500 Cr | Open |
To see the full charge records of Raghuleela Builders Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Raghuleela Builders Private Limited has 5 deals on record (4 secondary share transfers, 1 debt financing), with disclosed funding of ₹645 Cr; the latest was in March 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Debt financing | ₹645 Cr | Investors: All Trade Consultants Private Limited , Sahayog Mercantile LLP , Rambhita Trading LLP |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Wadhwa Group Holdings Private Limited, Wadhwa Group Holdings Private Limited & Vijay Vasudev Wadhwa |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Wadhwa Group Holdings Private Limited & Vijay Vasudev Wadhwa, Wadhwa Group Holdings Private Limited Seller: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Raghuleela Builders Private Limited has 105 court cases on record: 10 filed by Raghuleela Builders, 95 filed against it. 30 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 58 | 16 |
| High courts | 14 | 9 | 6 |
| NCLAT | 13 | 13 | 6 |
| Supreme Court | 10 | 6 | 1 |
| NCLT | 10 | 9 | 1 |
Cases on record (5 of 105)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Riddhi Siddhi Developers Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Riddhi Siddhi Developers Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Riddhi Siddhi Developers Pvt. Ltd. | Disposed |
| High Court | Appeal | Filed against the company by Reliance Industries Limited | Disposed |
| High Court | Arbitration matter | Filed against the company by Kone Elevator India Private Limited | Disposed |
To see the full case history of Raghuleela Builders 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
Raghuleela Builders Private Limited was last rated by Brickwork on 12 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 Nov 2020 |
To see the full credit ratings and regulatory alerts of Raghuleela Builders Private Limited, buy the company report.
MSME payment delays
Raghuleela Builders Private Limited has 8 MSME Form 1 returns on record between 2016 and 2019, listing 33 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stealth Management Solutions Private Limited | |||
| an individual supplier | |||
| Sterling Pest Control Services Private Limited | |||
| Apurva India Private Limited |
To see the full MSME payment records of Raghuleela Builders Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Raghuleela Builders Private Limited has a workforce of 27 employees on its EPFO records as of Nov 03, 2025, across 1 active EPFO establishment.
GST
Raghuleela Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR5942E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raghuleela Builders Private Limited, buy the company report.
Recent activity
Raghuleela Builders Private Limited has 8 board changes on record since 2008: 2 appointments and 6 cessations. The latest: Anil Nandlal Chhabria ceased to be Additional Director on 27 Jun 2019.
22 earlier events are in the company report.
News
Frequently asked questions
Raghuleela Builders 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.
Raghuleela Builders 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 13 March 2007 and is registered under CIN U45200MH2007PTC210593. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Raghuleela Builders has 2 current directors:
- Sanjay Rajkumar Chhabria - Director
- Ritu Sanjay Chhabria - Director
The latest financial statements of Raghuleela Builders 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 Raghuleela Builders is U45200MH2007PTC210593. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raghuleela Builders has open charges of ₹1,384.5 Cr and satisfied charges of ₹6,420 Cr as per latest MCA filings.
Raghuleela Builders has 105 court cases on record: 10 filed by the company and 95 filed against it. 30 are pending. Most are in the district courts.
Raghuleela Builders was incorporated on 13 March 2007. It is registered with the Registrar of Companies, Mumbai.
Raghuleela Builders has 5 deals on record (4 secondary share transfers, 1 debt financing), with disclosed funding of ₹645 Cr; the latest was in March 2018.
The peers of Raghuleela Builders by revenue are A.P.State Housing Corporation Limited, DLF Homes Panchkula Private Limited, Mahindra Happinest Developers Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Anil Nandlal Chhabria ceased to be Additional Director on 27 Jun 2019. Sanjay Rajkumar Chhabria ceased to be Additional Director on 30 Sep 2015. Sanjay Rajkumar Chhabria was appointed as Director on 22 Apr 2015. Raghuleela Builders has 8 board changes on record in total.
Raghuleela Builders has 8 MSME Form 1 returns on record between 2016 and 2019, listing 33 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.
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