Rajesh Estates and Nirman Private Limited

Rajesh Estates and Nirman Private Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U28991MH1996PTC099089 Incorporated 24 April 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Under Insolvency Private Limited Company real estate and construction
Data last updated
Revenue · FY 2018
₹78.02 Cr
▲ 41% YoY
Net loss · FY 2018
₹45.9 Cr
Net margin -58.8%
EBITDA · FY 2018
₹139.93 Cr
EBITDA margin 179.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹2.01 Cr
Issued & subscribed
Open charges
₹2,610.28 Cr
Satisfied ₹2,808.1 Cr
Company age
30 yrs
Est. 1996
Directors on board
6
As per MCA filings

About Rajesh Estates and Nirman Private Limited

Data last updated:

Rajesh Estates and Nirman Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rajesh Construction Company Private Limited. 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 24 April 1996.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U28991MH1996PTC099089. Its GSTIN is 27AAACR7599A1Z7 (Maharashtra).

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹2.01 Cr. It was formerly known as Raj Precision Limited and Rajesh Estates and Nirman Limited. It is led by directors including Anuj Mulchand Patel and Rajesh Raghavji Patel.

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 139 Seksaria Building 2nd Floor N.M.Road Fort, Mumbai, Maharashtra, India – 400023.

As per the financials filed for FY 2018, the company reported a revenue of ₹78.02 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹45.9 Cr (net margin -58.8%) and EBITDA of ₹139.93 Cr (EBITDA margin 179.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.

As per MCA filings, the company has open charges of ₹2,610.28 Cr and satisfied charges of ₹2,808.1 Cr on record. Court records list 46 cases involving the company, including 10 filed by the company and 37 filed against it; 14 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2007. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is D S Home Construction Private Limited with revenue of ₹78.03 Cr. The company has 13 MSME Form 1 returns on record between 2011 and 2019, listing 506 overdue payments to 40 micro and small suppliers.

Company details

CIN U28991MH1996PTC099089
Registration Number 099089
Incorporation Date 24 April 1996
ROC Mumbai
Listing Status Unlisted
Company Status Under CIRP
Date of Last AGM 29 September 2018
Date of Balance Sheet 31 March 2018
Parent Company Rajesh Construction Company Private Limited
Compliance Status Active Compliant

Name history

Rajesh Estates and Nirman has undergone 2 name changes throughout its history. The company was previously known as Raj Precision Limited, and Rajesh Estates And Nirman Limited. The current legal name is Rajesh Estates And Nirman Private Limited.

Company NameStatus
Rajesh Estates and Nirman Private LimitedCurrent
Raj Precision LimitedPrevious
Rajesh Estates And Nirman LimitedPrevious

CIN history

Rajesh Estates and Nirman has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U28991MH1996PTC099089, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U28991MH1996PTC099089Current
U28991MH2005PTC099089Previous
U28991MH2005PLC099089Previous

Contact details

Rajesh Estates and Nirman Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    139 Seksaria Building 2nd Floor N.M.Road Fort, Mumbai, Maharashtra, India – 400023
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers

To see the full contact details of Rajesh Estates and Nirman Private Limited, buy the company report.

Comprehensive company report
Rajesh Estates and Nirman Private Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of Rajesh Estates and Nirman is construction. In detail, this covers buildings.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF1Buildings

To see the full business activity and turnover split of Rajesh Estates and Nirman Private Limited, buy the company report.

Financials of Rajesh Estates and Nirman Private Limited

FY 2018 filings available

Rajesh Estates and Nirman Private Limited reported revenue of ₹78.02 Cr (up 41% YoY) for FY 2018.

Revenue · FY 2018
₹78.02 Cr ▲ 41%
Net loss · FY 2018
₹45.9 Cr margin -58.8%
EBITDA · FY 2018
₹139.93 Cr margin 179.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 19%

Revenue rose 41% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 19% 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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹78.02 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹139.93 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹45.9 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

MetricsFY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin179.4%
Net Profit Margin-58.8%
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 Estates and Nirman Private Limited, buy the company report.

Board of directors of Rajesh Estates and Nirman Private Limited

Rajesh Estates and Nirman has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Anuj Mulchand PatelDirector30 Jun 20179 Years 4 MonthsAs last reported
Rajesh Raghavji PatelDirector16 Feb 200521 Years 8 MonthsAs last reported
Divyesh Nareshkumar DesaiIrp/Rp/Liquidator23 Jan 20242 Years 9 MonthsAs last reported
Ajay Patel NarsidasDirector12 Jan 200620 Years 9 MonthsAs last reported
Kantilal Arjan PatelDirector12 Jan 200620 Years 9 MonthsAs last reported
Harish Raghavji PatelDirector16 Feb 200521 Years 8 MonthsAs last reported

Peer comparison

Rajesh Estates and Nirman 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
D S Home Construction Private Limited₹78.03 Cr (FY 2022)13.0%New Delhi, Delhi, India
Rajesh Estates and Nirman Private Limitedthis company₹78.02 Cr (FY 2018)-₹45.9 Cr-58.8%41.0%Mumbai, Maharashtra, India
Malwa Projects Private Limited₹78 Cr (FY 2025)-4.0%Chandigarh, India
Sea Wind Realtors India Private Limited₹77.94 Cr (FY 2025)174.0%Ernakulam, Kerala, India

To see the full peer comparison of Rajesh Estates and Nirman Private Limited, buy the company report.

Auditor

Rajesh Estates and Nirman Private Limited is audited by Y. R. Rajguru & Co. for the financial year 2018.

Auditor firmFinancial yearFirm registration number
Y. R. Rajguru & Co.FY 2018108442W

Shareholding

The shareholding of Rajesh Estates and Nirman Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2018FY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Rajesh Estates and Nirman Private Limited, buy the company report.

Charges & borrowings

Open charges
₹2,610.28 Cr
Satisfied charges
₹2,808.1 Cr
Breakdown by lending institutions
Others₹1,832.68 Cr
Idbi Trusteeship Services Limited₹360.00 Cr
Unit Trust of India Investment Advisory Services Limited₹250.00 Cr
Axis Trustee Services Limited₹107.60 Cr
Icici Bank Limited₹60.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
15 Jul 2022100602868Others₹212 CrOpen
15 Jul 2022100602869Others₹100 CrOpen
06 Jul 2020100431571Others₹7 CrOpen
09 Jan 2020100320682Others₹43 CrOpen
07 Feb 2019100242443Others₹50 CrOpen

To see the full charge records of Rajesh Estates and Nirman Private Limited, buy the company report.

Total charge records: 44 View all charges

Deals & funding

Rajesh Estates and Nirman Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2007.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2007Secondary share transferUndisclosedBuyer: Rajesh Construction Company Private Limited , 3 individuals
Seller: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Rajesh Estates and Nirman Private Limited was last rated by Crisil on 16 Dec 2021.

Rating agencyRated onRating
Crisil16 Dec 2021

To see the full credit ratings and regulatory alerts of Rajesh Estates and Nirman Private Limited, buy the company report.

MSME payment delays

Rajesh Estates and Nirman Private Limited has 13 MSME Form 1 returns on record between 2011 and 2019, listing 506 overdue payments to 40 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 (5 of 40)

SupplierAmount dueDue sinceReported on
an individual supplier
Ronak Media Services
an individual supplier
Gandhi & Associates LLP
an individual supplier

To see the full MSME payment records of Rajesh Estates and Nirman Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Rajesh Estates and Nirman has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACR7599A1Z7MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Rajesh Estates and Nirman Private Limited, buy the company report.

Recent activity

Rajesh Estates and Nirman Private Limited has 8 board changes on record since 2005: 6 appointments and 2 cessations. The latest: Divyesh Nareshkumar Desai was appointed as Irp/Rp/Liquidator on 23 Jan 2024.

Appointed
Divyesh Nareshkumar Desai was appointed as Irp/Rp/Liquidator.
Charges
A charge with Others amounted to Rs. 212.00 Cr with Charge ID 100602868 was registered on 15 Jul 2022.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 100602869 was registered on 15 Jul 2022.
Charges
A charge with Others of Rs. 43.00 Cr registered on 09 Jan 2020 with Charge ID 100320682 was modified on 28 Jun 2022.
Charges
A charge registered on 12 Oct 2017 via Charge ID 100132636 with Others was fully satisfied on 05 Apr 2022.
Charges
A charge registered on 27 Jul 2015 via Charge ID 10587478 with Il & Fs Trust Company Limited was fully satisfied on 22 Jun 2021.
Charges
A charge with Others of Rs. 230.00 Cr registered on 12 Oct 2017 with Charge ID 100132636 was modified on 24 Feb 2021.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100431571 was registered on 06 Jul 2020.
Charges
A charge with Others amounted to Rs. 43.00 Cr with Charge ID 100320682 was registered on 09 Jan 2020.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100242443 was registered on 07 Feb 2019.
AGM
Rajesh Estates And Nirman Private Limited last Annual general meeting of members was held on 29 Sep 2018 as per latest MCA records.
Charges
A charge registered on 03 Jul 2017 via Charge ID 100120139 with Others was fully satisfied on 11 Apr 2018.

78 earlier events are in the company report.

Frequently asked questions

Rajesh Estates and Nirman 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 Estates and Nirman 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 24 April 1996 and is registered under CIN U28991MH1996PTC099089. Caution is advised - the company may not have the legal capacity to fulfil new agreements.

Rajesh Estates and Nirman has 6 current directors:

The latest financial statements of Rajesh Estates and Nirman 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.

The CIN (Corporate Identification Number) of Rajesh Estates and Nirman is U28991MH1996PTC099089. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Rajesh Estates and Nirman has open charges of ₹2,610.28 Cr and satisfied charges of ₹2,808.1 Cr as per latest MCA filings.

Rajesh Estates and Nirman has 46 court cases on record: 10 filed by the company and 37 filed against it. 14 are pending. Most are in the district courts.

Rajesh Estates and Nirman was incorporated on 24 April 1996. It is registered with the Registrar of Companies, Mumbai.

Rajesh Estates and Nirman has 1 deal on record (1 secondary share transfer); the latest was in March 2007.

The peers of Rajesh Estates and Nirman by revenue are D S Home Construction Private Limited, Malwa Projects Private Limited, Sea Wind Realtors India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).

Divyesh Nareshkumar Desai was appointed as Irp/Rp/Liquidator on 23 Jan 2024. Anuj Mulchand Patel ceased to be Additional Director on 28 Sep 2017. Anuj Mulchand Patel was appointed as Director on 30 Jun 2017. Rajesh Estates and Nirman has 8 board changes on record in total.

Rajesh Estates and Nirman has 13 MSME Form 1 returns on record between 2011 and 2019, listing 506 overdue payments to 40 micro and small suppliers. The latest return was filed on 01 Jun 2019.