Rajguru Developers Private Limited
About Rajguru Developers Private Limited
Data last updated:
Rajguru Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rajesh Cityspaces 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 08 August 2001.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2001PTC133003. Its GSTIN is 27AADCM5996M1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.85 Cr. It was formerly known as Mansarovar Marketing Private Limited. It is led by directors including Mahesh Patel Narsidas and Nandkishor Anant Gawade.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2018, the company reported a revenue of ₹94.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹25.82 Cr (net margin -27.4%) and EBITDA of ₹29.66 Cr (EBITDA margin 31.5%). Revenue has grown at a compounded annual rate (CAGR) of 777% over three years.
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,135 Cr and satisfied charges of ₹344 Cr on record. Court records list 42 cases involving the company, including 6 filed by the company and 36 filed against it; 24 cases are pending.
Company details
Contact details
Rajguru Developers 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 Chambers 2nd Floor Nagindas Master Road Fort, India, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Rajguru Developers 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 Rajguru Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Rajguru Developers Private Limited, buy the company report.
Financials of Rajguru Developers Private Limited
FY 2018 filings availableRajguru Developers Private Limited reported revenue of ₹94.27 Cr (up 15557% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 777% over three years. EBITDA rose 3% 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 | ₹94.27 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹29.66 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹25.82 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 | 31.5% | |||
| Net Profit Margin | -27.4% | |||
| 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 Rajguru Developers Private Limited, buy the company report.
Board of directors of Rajguru Developers Private Limited
Rajguru Developers has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Patel Narsidas Also directs: Trienity Superinfra Urban Venture LLP, Trienity Prime Property Venture LLP, Trienity Prime Property Projects LLP and 3 more | Director | 16 Jun 2007 | 19 Years 4 Months | As last reported |
| Santosh Suresh Karhadkar | Nominee Director | 12 Mar 2018 | 8 Years 8 Months | As last reported |
| Nandkishor Anant Gawade Also directs: Guru Avneesh Realtors LLP, Guru Shivrekha Realtors LLP, Akshara Book Publications Private Limited and 5 more | Director | 16 Jun 2007 | 19 Years 4 Months | As last reported |
| Ashok Tukaram Yadav | Director | 16 Jun 2007 | 19 Years 4 Months | As last reported |
| Priyal Kantilal Patel Also directs: Rajesh Lifehubs Private Limited, Rajesh Luxespaces Private Limited, Rajesh Legacies Private Limited and 5 more | Director | 16 Jun 2007 | 19 Years 4 Months | As last reported |
| Pratik Harish Patel Also directs: Rajesh Lifehubs Private Limited, Rajesh Luxespaces Private Limited, Rajesh Legacies Private Limited and 5 more | Director | 16 Jun 2007 | 19 Years 4 Months | As last reported |
Auditor
Rajguru Developers 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 Rajguru Developers 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 Rajguru Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2018 | 100167779 | Others | ₹432 Cr | Open | |
| 19 Mar 2018 | 100168186 | Others | ₹144 Cr | Open | |
| 19 Mar 2018 | 100169279 | Others | ₹153 Cr | Open | |
| 19 Mar 2018 | 100173205 | Others | ₹370 Cr | Open | |
| 17 Mar 2018 | 100168353 | Others | ₹36 Cr | Open |
To see the full charge records of Rajguru Developers Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Rajguru Developers Private Limited has 42 court cases on record: 6 filed by Rajguru Developers, 36 filed against it. 24 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 25 | 15 |
| High courts | 14 | 11 | 9 |
Cases on record (5 of 42)
| 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 | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
To see the full case history of Rajguru Developers 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
Rajguru Developers Private Limited has 3 MSME Form 1 returns on record between 2017 and 2019, listing 26 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Safehands Facility Services | |||
| an individual supplier | |||
| Pi Square Innovations Pvt. Ltd. | |||
| Reeixit Media (OPC) Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Rajguru Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Rajguru Developers Private Limited has a workforce of 32 employees on its EPFO records as of Nov 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2018-19 | 32 |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Rajguru Developers Private Limited, buy the company report.
GST
Rajguru Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM5996M1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rajguru Developers Private Limited, buy the company report.
Recent activity
Rajguru Developers Private Limited has 16 board changes on record since 2007: 6 appointments and 10 cessations. The latest: Jignesh Pravinbhai Waghela ceased to be Director on 30 Aug 2022.
17 earlier events are in the company report.
Frequently asked questions
Rajguru Developers 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.
Rajguru Developers 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 08 August 2001 and is registered under CIN U51909MH2001PTC133003. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Rajguru Developers has 6 current directors:
- Mahesh Patel Narsidas - Director
- Santosh Suresh Karhadkar - Nominee Director
- Nandkishor Anant Gawade - Director
- Ashok Tukaram Yadav - Director
- Priyal Kantilal Patel - Director
- Pratik Harish Patel - Director
The latest financial statements of Rajguru Developers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Rajguru Developers is U51909MH2001PTC133003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajguru Developers has open charges of ₹1,135 Cr and satisfied charges of ₹344 Cr as per latest MCA filings.
Rajguru Developers has 42 court cases on record: 6 filed by the company and 36 filed against it. 24 are pending. Most are in the district courts.
Rajguru Developers was incorporated on 08 August 2001. It is registered with the Registrar of Companies, Mumbai.
Jignesh Pravinbhai Waghela ceased to be Director on 30 Aug 2022. Santosh Suresh Karhadkar ceased to be Nominee Director on 25 Feb 2021. Santosh Suresh Karhadkar was appointed as Nominee Director on 12 Mar 2018. Rajguru Developers has 16 board changes on record in total.
Rajguru Developers has 3 MSME Form 1 returns on record between 2017 and 2019, listing 26 overdue payments to 8 micro and small suppliers. The latest return was filed on 31 May 2019.
The registered office of Rajguru Developers is at 139 Seksaria Chambers 2nd Floor Nagindas Master Road Fort, India, Mumbai, Maharashtra, India – 400001.
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