Rajesh Cityspaces Private Limited
About Rajesh Cityspaces Private Limited
Data last updated:
Rajesh Cityspaces 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 04 July 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70109MH2012PTC232929. Its GSTIN is 27AAFCR9635L1ZQ (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ajit Gyanchand Jain (Irp/Rp/Liquidator) and Priyal Kantilal Patel.
Its last annual general meeting (AGM) was held on 26 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 139 Seksaria Chambers 2nd Floor Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2018, the company reported a revenue of ₹42.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹19.46 Cr (net margin -45.9%) and EBITDA of ₹35.51 Cr (EBITDA margin 83.7%). Revenue has grown at a compounded annual rate (CAGR) of 805% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1,135 Cr on record. Court records list 19 cases involving the company, including 3 filed by the company and 16 filed against it; 12 cases are pending.
Company details
Contact details
Rajesh Cityspaces Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address139 Seksaria Chambers 2nd Floor Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Rajesh Cityspaces 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 Rajesh Cityspaces 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 Rajesh Cityspaces Private Limited, buy the company report.
Financials of Rajesh Cityspaces Private Limited
FY 2018 filings availableRajesh Cityspaces Private Limited reported revenue of ₹42.41 Cr (up 1083% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 805% over three years. EBITDA rose 25% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹42.41 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹35.51 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹19.46 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 83.7% | |||
| Net Profit Margin | -45.9% | |||
| 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 Rajesh Cityspaces Private Limited, buy the company report.
Board of directors of Rajesh Cityspaces Private Limited
Rajesh Cityspaces has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Vinayak Ambardekar | Nominee Director | 12 Mar 2018 | 8 Years 7 Months | As last reported |
| Ajit Gyanchand Jain Also directs: Indifra Limited, Airan Limited | Irp/Rp/Liquidator | 23 Feb 2024 | 2 Years 8 Months | As last reported |
| Priyal Kantilal Patel Also directs: Rajesh Lifespaces Private Limited, Rajesh Real Estate Developers Private Limited, Rajesh Lifehubs Private Limited and 5 more | Director | 05 Jul 2012 | 14 Years 3 Months | As last reported |
| Rajesh Raghavji Patel Also directs: River Spaces LLP, Eben Securities & Leasing Limited, Royal Ceramics Industries Private Limited and 5 more | Director | 04 Jul 2012 | 14 Years 3 Months | As last reported |
| Harish Raghavji Patel Also directs: Eben Securities & Leasing Limited, Royal Ceramics Industries Private Limited, Rajesh Hospitality Private Limited and 5 more | Director | 24 Oct 2012 | 13 Years 11 Months | As last reported |
| Pratik Harish Patel | Director | 04 Jul 2012 | 14 Years 3 Months | As last reported |
Auditor
Rajesh Cityspaces Private Limited is audited by A J KANAKIA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A J KANAKIA & CO | FY 2018 | 104701W |
Shareholding
The shareholding of Rajesh Cityspaces 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 Rajesh Cityspaces Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2018 | 100167777 | Others | ₹432 Cr | Open | |
| 19 Mar 2018 | 100167792 | Others | ₹370 Cr | Open | |
| 19 Mar 2018 | 100168064 | Others | ₹144 Cr | Open | |
| 19 Mar 2018 | 100169283 | Others | ₹153 Cr | Open | |
| 17 Mar 2018 | 100173249 | Others | ₹36 Cr | Open |
To see the full charge records of Rajesh Cityspaces Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Rajesh Cityspaces Private Limited has 19 court cases on record: 3 filed by Rajesh Cityspaces, 16 filed against it. 12 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 13 | 8 |
| High courts | 5 | 3 | 4 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed against the company by Adelphi Estates Private Limited and Another Eighteen in Ma 224/2025, Ma 225/2025 | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S Nisa Industrial Services Pvt Ltd., | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Shreejicharan Engineering Pvt.Ltd. | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by PR. Commissioner of Income Tax - Central - 3 Suresh Kumar | Pending |
To see the full case history of Rajesh Cityspaces 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 Rajesh Cityspaces Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rajesh Cityspaces has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Rajguru Developers Private Limited | U51909MH2001PTC133003 |
To see the full group structure of Rajesh Cityspaces Private Limited, buy the company report.
GST
Rajesh Cityspaces has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCR9635L1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rajesh Cityspaces Private Limited, buy the company report.
Recent activity
Rajesh Cityspaces Private Limited has 7 board changes on record since 2012: 6 appointments and 1 cessation. The latest: Ajit Gyanchand Jain was appointed as Irp/Rp/Liquidator on 23 Feb 2024.
8 earlier events are in the company report.
Frequently asked questions
Rajesh Cityspaces 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.
Rajesh Cityspaces 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 04 July 2012 and is registered under CIN U70109MH2012PTC232929. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rajesh Cityspaces has 6 current directors:
- Vinay Vinayak Ambardekar - Nominee Director
- Priyal Kantilal Patel - Director
- Rajesh Raghavji Patel - Director
- Harish Raghavji Patel - Director
- Pratik Harish Patel - Director
- Ajit Gyanchand Jain - Irp/Rp/Liquidator
The latest financial statements of Rajesh Cityspaces on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 26 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rajesh Cityspaces is U70109MH2012PTC232929. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajesh Cityspaces has open charges of ₹1,135 Cr and no satisfied charges on record as per latest MCA filings.
Rajesh Cityspaces has 19 court cases on record: 3 filed by the company and 16 filed against it. 12 are pending. Most are in the district courts.
Rajesh Cityspaces was incorporated on 04 July 2012. It is registered with the Registrar of Companies, Mumbai.
Ajit Gyanchand Jain was appointed as Irp/Rp/Liquidator on 23 Feb 2024. Vinay Vinayak Ambardekar ceased to be Nominee Director on 05 Dec 2019. Vinay Vinayak Ambardekar was appointed as Nominee Director on 12 Mar 2018. Rajesh Cityspaces has 7 board changes on record in total.
The registered office of Rajesh Cityspaces is at 139 Seksaria Chambers 2nd Floor Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400001.