Ramnath Developers Private Limited
About Ramnath Developers Private Limited
Data last updated:
Ramnath Developers Private Limited is a private limited company based in Jhansi, Uttar Pradesh, India, a subsidiary of Ramnath Lifestyle Priviate 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 01 April 2008.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U45400UP2008PTC034933. Its GSTIN is 27AADCR9401N2ZZ (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹14.05 Cr and a paid-up capital of ₹12.52 Cr. It is led by directors including Satish Chandra Gupta and Sudesh Chandra Gupta.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Aaraji No.509 Civil Lines I/F Jila Parishad Bhawan Sadar Road, Jhansi, Uttar Pradesh, India – 284001.
As per the financials filed for FY 2019, the company reported a revenue of ₹72,179, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹48,873 (net margin 67.7%) and EBITDA of ₹48,873 (EBITDA margin 67.7%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 78% over five years.
As per MCA filings, the company has open charges of ₹34.8 Cr on record. Court records list 42 cases involving the company, including 6 filed by the company and 36 filed against it; 12 cases are pending. The company has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹15.45 Cr; the latest was in June 2014.
Company details
Contact details
Ramnath Developers Private Limited's registered office is in Jhansi, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAaraji No.509 Civil Lines I/F Jila Parishad Bhawan Sadar Road, Jhansi, Uttar Pradesh, India – 284001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ramnath 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 Ramnath Developers 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 Ramnath Developers Private Limited, buy the company report.
Financials of Ramnath Developers Private Limited
FY 2019 filings availableRamnath Developers Private Limited reported revenue of ₹72,179 (down 47% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over five years, including a 47% fall in the latest year. EBITDA fell 54% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹72,179 | ||||
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| Total Expenses | |||||
| EBITDA | ₹48,873 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48,873 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.7% | ||||
| Net Profit Margin | 67.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ramnath Developers Private Limited, buy the company report.
Board of directors of Ramnath Developers Private Limited
Ramnath Developers has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Chandra Gupta Also directs: Ramnath Laboratories Limited, Ginger Nirman Private Limited, Reindeer Land and Stock Solutions Private Limited and 2 more | Director | 15 Sep 2012 | 14 Years 1 Months | As last reported |
| Sudesh Chandra Gupta Also directs: K R S Realty LLP, Ramnath Realty Limited Liability Partnership, Ginger Devcon LLP and 5 more | Director | 01 Apr 2008 | 18 Years 6 Months | As last reported |
| Santosh Kumar Dixit | Director | 08 Mar 2018 | 8 Years 7 Months | As last reported |
Auditor
Ramnath Developers Private Limited is audited by ATUL KUMAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ATUL KUMAR & ASSOCIATES | FY 2019 | 001982C |
Shareholding
The shareholding of Ramnath Developers 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 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ramnath Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2016 | 100050384 | Others | ₹2.5 Cr | Open | |
| 01 Jul 2009 | 10172250 | Housing and Urban Development Corporation Limited | ₹32.3 Cr | Open |
To see the full charge records of Ramnath Developers Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Ramnath Developers Private Limited has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹15.45 Cr; the latest was in June 2014.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ramnath Lifestyle Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Ramnath Lifestyle Private Limited , an individual Seller: Winpro Industries Limited , Speciality Papers Limited , an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Ramnath Lifestyle Private Limited Seller: Ramnath Realty Private Limited , 3 individuals |
| Mar 2012 | Funding round | ₹3 Cr | Investors: Winpro Industries Limited , Speciality Papers Limited |
| Jul 2011 | Funding round | ₹9.45 Cr | Investors: Ramnath Realty Private Limited , 3 individuals |
To see the full deal history of Ramnath Developers Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ramnath Developers Private Limited has 42 court cases on record: 6 filed by Ramnath Developers, 36 filed against it. 12 cases are pending and 30 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 13 | 8 |
| High courts | 9 | 8 | 1 |
| NCLT | 9 | 7 | 0 |
| NCLAT | 6 | 6 | 2 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Housing and Urban Development Corporation Ltd. Through Its Authorized Representative Mrs. Tripti M Dixit, Joint General Manager Law 175-Shreyas Chamber, 2Nd Floor, Dr. D.N. Road, Fort Mumbai ,Mumbai , Maharashtra | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Housing and Urban Development Corporation Ltd. | Pending |
| District court, Nagpur, Maharashtra | Court case (Reg Dkst) | Filed against the company by M/S. A. S. Iyer Constructions Pvt Ltd. | Pending |
| District court, Nagpur, Maharashtra | Court case (Civil M.A.) | Filed by the company against M/S. A. S. Iyer Constructions Pvt. Ltd. and 1 other | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by A. K. Gandhi Marketing Pvt. Ltd. | Pending |
To see the full case history of Ramnath 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
No delayed payments to MSME suppliers are on our record for Ramnath Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ramnath Developers has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR9401N2ZZ | Maharashtra | Active | 01 Apr 2020 |
To see the full GST registrations and return filing status of Ramnath Developers Private Limited, buy the company report.
Recent activity
Ramnath Developers Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Raghav Sudesh Chandra Gupta ceased to be Additional Director on 02 Dec 2024.
1 earlier event is in the company report.
Frequently asked questions
Ramnath 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.
Ramnath Developers is a company under insolvency, formerly operating as a private limited company based in Jhansi, Uttar Pradesh, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 April 2008 and is registered under CIN U45400UP2008PTC034933. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ramnath Developers has 3 current directors:
- Satish Chandra Gupta - Director
- Sudesh Chandra Gupta - Director
- Santosh Kumar Dixit - Director
The latest financial statements of Ramnath Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ramnath Developers is U45400UP2008PTC034933. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramnath Developers has open charges of ₹34.8 Cr and no satisfied charges on record as per latest MCA filings.
Ramnath Developers has 42 court cases on record: 6 filed by the company and 36 filed against it. 12 are pending. Most are in the district courts.
Ramnath Developers was incorporated on 01 April 2008. It is registered with the Registrar of Companies, Kanpur.
Ramnath Developers has 7 deals on record (4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹15.45 Cr; the latest was in June 2014.
Raghav Sudesh Chandra Gupta ceased to be Additional Director on 02 Dec 2024. Santosh Kumar Dixit ceased to be Director on 27 Nov 2024. Santosh Kumar Dixit was appointed as Director on 08 Mar 2018. Ramnath Developers has 7 board changes on record in total.