About Renaissance Indus Infra Private Limited
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Renaissance Indus Infra Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Renaissance Urban-Infra 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 12 October 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2012PTC236737. Its GSTIN is 27AAGCR2868A1ZF (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Deepti Mayur Suchak and Birendra Kumar Agrawal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 601 6th Floor Hubtown Solaris Saiwadi N.S.Phadke Road Near Gokhale Bridge Andheri (E), Mumbai, Maharashtra, India – 400069.
As per the financials filed for FY 2022, the company reported a revenue of ₹23.37 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹38.86 Lakh (net margin 1.7%) and EBITDA of ₹1.36 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹650 Cr and satisfied charges of ₹838.15 Cr on record. Court records list 62 cases involving the company, including 12 filed by the company and 51 filed against it; 14 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹650 Cr; the latest was in November 2018. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Sreerosh Properties Private Limited with revenue of ₹23.39 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier.
The last known website on record is riscity.com.
Company details
Contact details
Renaissance Indus Infra Private Limited's registered office is in Mumbai, Maharashtra. Its website is riscity.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address601 6th Floor Hubtown Solaris Saiwadi N.S.Phadke Road Near Gokhale Bridge Andheri (E), Mumbai, Maharashtra, India – 400069
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Renaissance Indus Infra 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 Renaissance Indus Infra 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 Renaissance Indus Infra Private Limited, buy the company report.
Financials of Renaissance Indus Infra Private Limited
FY 2022 filings availableRenaissance Indus Infra Private Limited reported revenue of ₹23.37 Cr (down 70% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 97% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹23.37 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.86 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Renaissance Indus Infra Private Limited, buy the company report.
Board of directors and KMP of Renaissance Indus Infra Private Limited
Renaissance Indus Infra Private Limited currently reports 2 directors and 1 key managerial person. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayur Ratilal Suchak Also directs: Magus Consulting Pvt Ltd, Magus New-Energy Private Limited, Magus Development Management Private Limited and 5 more | Ceo | 02 Jun 2018 | 8 Years 4 Months | As last reported |
| Deepti Mayur Suchak Also directs: Magus Consulting Pvt Ltd, Magus New-Energy Private Limited, Magus Development Management Private Limited and 5 more | Director | 12 Oct 2012 | 14 Years 0 Months | As last reported |
| Birendra Kumar Agrawal Also directs: Satya Proinvest and Trading Private Limited | Irp/Rp/Liquidator | 22 May 2023 | 3 Years 5 Months | As last reported |
Peer comparison
Renaissance Indus Infra 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 |
|---|---|---|---|---|---|---|
| Sreerosh Properties Private Limited | ₹23.39 Cr (FY 2025) | -6.0% | Chennai, Tamil Nadu, India | |||
| Clarion Projects Private Limited | ₹23.38 Cr (FY 2016) | -47.0% | New Delhi, Delhi, India | |||
| Renaissance Indus Infra Private Limitedthis company | ₹23.37 Cr (FY 2022) | ₹38.86 Lakh | 1.7% | -70.0% | 14 | Mumbai, Maharashtra, India |
| Prabhu Shanti Real Estate Private Limited | ₹23.35 Cr (FY 2017) | -22.0% | Delhi, India |
To see the full peer comparison of Renaissance Indus Infra Private Limited, buy the company report.
Auditor
Renaissance Indus Infra Private Limited is audited by S M BHAT & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M BHAT & ASSOCIATES | FY 2022 | 131347W |
Shareholding
The shareholding of Renaissance Indus Infra Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Renaissance Indus Infra Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2018 | 100192437 | Others | ₹390 Cr | Open | |
| 26 Jun 2018 | 100191757 | Others | ₹260 Cr | Open | |
| 02 May 2019 | 100262857 | Axis Bank Limited | ₹43.15 Cr | Satisfied | |
| 19 Sep 2017 | 100150969 | Others | ₹350 Cr | Satisfied | |
| 17 Mar 2016 | 100023416 | Others | ₹44.5 Cr | Satisfied |
To see the full charge records of Renaissance Indus Infra Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Renaissance Indus Infra Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹650 Cr; the latest was in November 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2018 | Funding round | ₹650 Cr | Investors: Altico Capital India |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Renaissance Indus Infra Private Limited has 62 court cases on record: 12 filed by Renaissance Indus Infra, 51 filed against it. 14 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 16 | 3 |
| District courts | 17 | 14 | 6 |
| NCLAT | 11 | 11 | 5 |
| NCLT | 10 | 9 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Commercial suit | Filed against the company by Blum India Private Limited Through Pranav Tawde | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S Tolia Ball and Roller LLP Through Viresh N Tolia | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Shree Arun Packaging Co. Pvt. Ltd. Through Its Director Mr. Tushar Bhotica | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Corob India Pvt. Ltd. | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Mr. Mayur Suchak Suspended Promoter and Director of Renaissance Indus Infra Pvt. Ltd. Through His Poa Hlder Mr. Parag Pawar Having His Office at 601, 6Th Floor, Hubtown Solaris, Saiwadi, N. S. Phadke Road, Near Gokhale Bridge, Andheri (E) Mumbai-400 069 Maharashtra , , Other | Disposed |
To see the full case history of Renaissance Indus Infra 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
Renaissance Indus Infra Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Modular Tanks Private Limited |
To see the full MSME payment records of Renaissance Indus Infra Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Renaissance Indus Infra Private Limited has a workforce of 14 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Renaissance Indus Infra has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCR2868A1ZF | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Renaissance Indus Infra Private Limited, buy the company report.
Recent activity
Renaissance Indus Infra Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Birendra Kumar Agrawal was appointed as Irp/Rp/Liquidator on 22 May 2023.
14 earlier events are in the company report.
Frequently asked questions
Renaissance Indus Infra 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.
Renaissance Indus Infra 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 12 October 2012 and is registered under CIN U45400MH2012PTC236737. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Renaissance Indus Infra has 3 current directors and KMP:
- Deepti Mayur Suchak - Director
- Mayur Ratilal Suchak - Ceo
- Birendra Kumar Agrawal - Irp/Rp/Liquidator
The latest financial statements of Renaissance Indus Infra on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Renaissance Indus Infra is U45400MH2012PTC236737. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Renaissance Indus Infra has open charges of ₹650 Cr and satisfied charges of ₹838.15 Cr as per latest MCA filings.
Renaissance Indus Infra has 62 court cases on record: 12 filed by the company and 51 filed against it. 14 are pending. Most are in the high courts.
Renaissance Indus Infra was incorporated on 12 October 2012. It is registered with the Registrar of Companies, Mumbai.
Renaissance Indus Infra has 1 deal on record (1 funding round), with disclosed funding of ₹650 Cr; the latest was in November 2018.
The peers of Renaissance Indus Infra by revenue are Sreerosh Properties Private Limited, Clarion Projects Private Limited, Prabhu Shanti Real Estate Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Birendra Kumar Agrawal was appointed as Irp/Rp/Liquidator on 22 May 2023. Santosh Suresh Karhadkar ceased to be Nominee Director on 25 Feb 2021. Pravinchandra Parsotambhai Samani ceased to be Additional Director on 25 Jul 2018. Renaissance Indus Infra has 6 board changes on record in total.
Renaissance Indus Infra has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 28 Oct 2020.