About Riverbank Developers Private Limited
Data last updated:
Riverbank Developers Private Limited is a private limited company based in Kolkata, West Bengal, India. 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 25 October 2007.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U70101WB2007PTC120037. Its GSTIN is 19AADCR7997K2ZD (West Bengal). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹26 Lakh. It is led by directors including Sumit Dabriwala (Managing Director) and Ashish Chhawchharia (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 1 New Bata Road P.O – Batanagar P.S – Maheshtala, Kolkata, West Bengal, India – 700140.
As per the financials filed for FY 2022, the company reported a revenue of ₹182.52 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹35.68 Cr (net margin -19.5%) and EBITDA of ₹16.95 Cr (EBITDA margin 9.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 23% over five years.
The company has about 38 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Hiland and Riverbank Developers. As per MCA filings, the company has open charges of ₹1,019 Cr and satisfied charges of ₹623 Cr on record.
The last known website on record is hiland.in.
- EmailLocked
- TelephoneLocked
- Website
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- Registered Address1 New Bata Road P.O – Batanagar P.S – Maheshtala, Kolkata, West Bengal, India – 700140
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Associated Brands with Riverbank Developers Private Limited
Riverbank Developers operates two associated brands: Hiland and Riverbank Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed in Kolkata, India. | hiland.in | |
| Real estate projects are developed in Kolkata by Riverbank Developers. | rdpl.co.in |
Competitors & Alternatives of Riverbank Developers Private Limited
Brands and companies operating in the same space as Riverbank Developers Private Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Godrej Properties | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India | 1990 |
 Vingroup | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam | 1993 |
 Lendlease | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia | 1958 |
 Frasers Property | Residential and commercial properties are developed and managed across regions. | Singapore | 1924 |
 Sunac | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China | 2003 |
 Lodha Group | Developer of residential and commercial real estate properties | Mumbai, India | 1980 |
 Vanke | Real estate properties are developed in over 50 cities. | Shenzhen, China | 1984 |
 Eiffage | Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France | 1920 |
 City Developments | Real estate development and management services are provided globally. | Singapore | 1963 |
Business Activity of Riverbank Developers Private Limited
The main business activity of Riverbank Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Riverbank Developers Private Limited
Riverbank Developers Private Limited is audited by SINGHI & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHI & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Riverbank Developers Private Limited
Riverbank Developers has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Dabriwala Also directs: Belmont Towers LLP, Satyatower Affordables Projects Private Limited, River Apartment Owners Association and 5 more | Managing Director | 25 Oct 2007 | 18 Years 11 Months | As last reported |
| Ashish Chhawchharia | Irp/Rp/Liquidator | 01 Aug 2024 | 2 Years 2 Months | As last reported |
| Nandu Kishinchand Belani Also directs: Belmont Towers LLP, Hiland Projects Limited, Calcutta Metropolitan Group Limited and 5 more | Director | 25 Oct 2007 | 18 Years 11 Months | As last reported |
Financials of Riverbank Developers Private Limited FY 2022 filings available
Riverbank Developers Private Limited reported revenue of ₹182.52 Cr (up 10% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Riverbank Developers Private Limited
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA fell 56% 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 of Riverbank Developers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹16.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹35.68 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Riverbank Developers Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -19.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
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| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
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Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Riverbank Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Riverbank Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Riverbank Developers Private Limited
Riverbank Developers has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bbt Elevated Road Private Limited | U45400WB2014PTC200347 | Locked |
| Crs Real Estate Developers Private Limited | U70109WB2021PTC249066 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Riverbank Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2024 | Hdfc Bank Limited | ₹30 Cr | Open |
| 08 Apr 2021 | Others | ₹100 Cr | Open |
| 27 Jul 2020 | Others | ₹100 Cr | Open |
| 05 Jun 2020 | Others | ₹4 Cr | Open |
| 27 Sep 2019 | Others | ₹25 Cr | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Riverbank Developers Private Limited
Riverbank Developers Private Limited has a workforce of 38 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Riverbank Developers Private Limited
Riverbank Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCR7997K2ZD | West Bengal | Active | 10 Jun 2024 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Riverbank Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Riverbank Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Riverbank Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Riverbank Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Riverbank Developers Private Limited
Frequently Asked Questions about Riverbank Developers Private Limited
Riverbank 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.
Riverbank Developers is a company under insolvency, formerly operating as a private limited company based in Kolkata, West Bengal, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 October 2007 and is registered under CIN U70101WB2007PTC120037. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Riverbank Developers reported revenue of ₹182.52 Cr for FY 2022 (up 10% YoY).
Riverbank Developers has 3 current directors:
- Sumit Dabriwala - Managing Director
- Nandu Kishinchand Belani - Director
- Ashish Chhawchharia - Irp/Rp/Liquidator
Riverbank Developers reported a net loss of ₹35.68 Cr (net margin -19.5%) and EBITDA of ₹16.95 Cr (EBITDA margin 9.3%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Riverbank Developers is 11% over three years and -23% over five years. In the latest year (FY 2022) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Riverbank Developers is U70101WB2007PTC120037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riverbank Developers has open charges of ₹1,019 Cr and satisfied charges of ₹623 Cr as per latest MCA filings.
Riverbank Developers was incorporated on 25 October 2007. It is registered with the Registrar of Companies, Kolkata.