Rajesh Estates and Nirman Private Limited
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
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 Name | Status |
|---|---|
| Rajesh Estates and Nirman Private Limited | Current |
| Raj Precision Limited | Previous |
| Rajesh Estates And Nirman Limited | Previous |
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.
| CIN | Status |
|---|---|
| U28991MH1996PTC099089 | Current |
| U28991MH2005PTC099089 | Previous |
| U28991MH2005PLC099089 | Previous |
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 Address139 Seksaria Building 2nd Floor N.M.Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Rajesh Estates and Nirman 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 Estates and Nirman 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 Estates and Nirman Private Limited, buy the company report.
Financials of Rajesh Estates and Nirman Private Limited
FY 2018 filings availableRajesh Estates and Nirman Private Limited reported revenue of ₹78.02 Cr (up 41% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 179.4% | |||
| 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anuj Mulchand Patel | Director | 30 Jun 2017 | 9 Years 4 Months | As last reported |
| Rajesh Raghavji Patel Also directs: Royal Ceramics Industries Private Limited, Kothari Auto Parts Manufacturers Private Limited, River Spaces LLP and 5 more | Director | 16 Feb 2005 | 21 Years 8 Months | As last reported |
| Divyesh Nareshkumar Desai Also directs: Trend Electronics Limited | Irp/Rp/Liquidator | 23 Jan 2024 | 2 Years 9 Months | As last reported |
| Ajay Patel Narsidas Also directs: Trienity Superinfra Urban Venture LLP, Trienity Prime Property Venture LLP, Trienity Prime Property Projects LLP and 4 more | Director | 12 Jan 2006 | 20 Years 9 Months | As last reported |
| Kantilal Arjan Patel Also directs: Royal Ceramics Industries Private Limited, Rajesh Spaces Private Limited, Rajesh Estate Ventures Private Limited and 1 more | Director | 12 Jan 2006 | 20 Years 9 Months | As last reported |
| Harish Raghavji Patel | Director | 16 Feb 2005 | 21 Years 8 Months | As 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 firm | Financial year | Firm registration number |
|---|---|---|
| Y. R. Rajguru & Co. | FY 2018 | 108442W |
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 category | FY 2018 | FY 2017 | FY 2016 | FY 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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2022 | 100602868 | Others | ₹212 Cr | Open | |
| 15 Jul 2022 | 100602869 | Others | ₹100 Cr | Open | |
| 06 Jul 2020 | 100431571 | Others | ₹7 Cr | Open | |
| 09 Jan 2020 | 100320682 | Others | ₹43 Cr | Open | |
| 07 Feb 2019 | 100242443 | Others | ₹50 Cr | Open |
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.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 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.
Legal cases
Rajesh Estates and Nirman Private Limited has 46 court cases on record: 10 filed by Rajesh Estates and Nirman, 37 filed against it. 14 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 22 | 13 |
| High courts | 12 | 7 | 0 |
| NCLT | 4 | 4 | 0 |
| NCLAT | 3 | 3 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 46)
| 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 CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Steel Investments Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Nas Contracts Pvt. Ltd | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Harish Raghavji Patel Suspended Director of Rajesh Estates and Nirman Private Limited Having His Office at 139 Seksaria Chambers, 2Ndfloor, N.M. Road Fort, Mumbai , District: Mumbai ,Mumbai , Maharashtra | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Rajesh Estates and Nirman Private Limited Through Its Resolution Professional Office at 139 Seksaria Chambers, 2Nd Floor, N.M. Road Fort, Mumbai ,Mumbai , Maharashtra and 3 others | Disposed |
To see the full case history of Rajesh Estates and Nirman 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
Rajesh Estates and Nirman Private Limited was last rated by Crisil on 16 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 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)
| Supplier | Amount due | Due since | Reported 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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR7599A1Z7 | Maharashtra | Active | 01 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.
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:
- Anuj Mulchand Patel - Director
- Rajesh Raghavji Patel - Director
- Ajay Patel Narsidas - Director
- Kantilal Arjan Patel - Director
- Harish Raghavji Patel - Director
- Divyesh Nareshkumar Desai - Irp/Rp/Liquidator
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.
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