Riyasat Palaces Limited
About Riyasat Palaces Limited
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Riyasat Palaces Limited is a public limited company based in Delhi, India, a subsidiary of Raheja Developers Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL2006PLC144701. Its GSTIN is 06AADCR7549F2Z7 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹35 Cr. It was formerly known as Raheja Haryaana Sez Devlopers Private Limited and Raheja Sezs Limited. It is led by directors including Nayan Navin Raheja (Managing Director) and Yogesh Huria.
Its last annual general meeting (AGM) was held on 17 July 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at W – 22 – A/2 – A Kh No. 581 & 583 Western Avenue Sainik Farm, Delhi, India – 110062.
As per the financials filed for FY 2023, the company reported a revenue of ₹32,460, a decline of 34% compared to the previous year. For the same year it recorded a net loss of ₹35.81 Lakh and EBITDA of -₹35.78 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹695 Cr and satisfied charges of ₹10 Cr on record. Court records list 27 cases involving the company, including 5 filed by the company and 22 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Riyasat Palaces has undergone 8 name changes throughout its history. The current legal name is Riyasat Palaces Limited.
| Company Name | Status |
|---|---|
| Riyasat Palaces Limited | Current |
| Raheja Haryaana Sez Devlopers Private Limited | Previous |
| Raheja Sezs Limited | Previous |
| Raheja Global Tech City Limited | Previous |
| Raheja Industrial Towns Limited | Previous |
| Raheja Sezs Private Limited | Previous |
| Raheja Global City Limited | Previous |
| Raheja Tech City Limited | Previous |
| Global Tech City Limited | Previous |
CIN history
Riyasat Palaces has one previous CIN (Corporate Identification Number): U74899DL2006PTC144701. The current CIN is U74899DL2006PLC144701, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL2006PLC144701 | Current |
| U74899DL2006PTC144701 | Previous |
Contact details
Riyasat Palaces Limited's registered office is in Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressW – 22 – A/2 – A Kh No. 581 & 583 Western Avenue Sainik Farm, Delhi, India – 110062
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Riyasat Palaces 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
Financials of Riyasat Palaces Limited
FY 2023 filings availableRiyasat Palaces Limited reported revenue of ₹32,460 (down 34% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 34% fall in the latest year. EBITDA fell 10% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹35.78 Lakh | ||||
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| Net Profit (PAT) | -₹35.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Riyasat Palaces Limited, buy the company report.
Board of directors of Riyasat Palaces Limited
Riyasat Palaces has 3 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Huria Also directs: Arabtec Infra LLP, Raisina Farms Private Limited, Vanya Infinity Private Limited and 5 more | Director | 10 Jul 2023 | 3 Years 3 Months | Current |
| Parvindra Nautiyal Also directs: Abizchancellor Law LLP, Sea Hawk Travels Private Limited | Director | 05 Oct 2023 | 3 Years 0 Months | Current |
| Nayan Navin Raheja Also directs: Magestic Golf City Private Limited, Urbanex Design Studio LLP, Raisina Woods Private Limited and 5 more | Managing Director | 16 Feb 2015 | 11 Years 8 Months | Current |
Auditor
Riyasat Palaces Limited is audited by V AHUJA & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V AHUJA & CO | FY 2020 | 009396N |
Shareholding
The shareholding of Riyasat Palaces Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Riyasat Palaces Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2016 | 100056330 | Others | ₹620 Cr | Open | |
| 28 May 2015 | 10571090 | Ifci Limited | ₹75 Cr | Open | |
| 14 Feb 2017 | 100136430 | Others | ₹10 Cr | Satisfied |
To see the full charge records of Riyasat Palaces Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Riyasat Palaces Limited has 27 court cases on record: 5 filed by Riyasat Palaces, 22 filed against it. 15 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 20 | 14 |
| High courts | 4 | 2 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Superview Tradex Pvt Ltd and Anr and 1 other | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Edelweiss Asset Reconstruction Company Limited Through Its Authorised Representative | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Edelweiss Asset Reconstruction Company Ltd and Others | Disposed |
| District court, Gurugram, Haryana | Criminal miscellaneous application | Filed against the company by Dr Meghraj Deshmukhm/S Edelweiss Asset Reconstruction Company Limited | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Riyasat Palaces 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 Riyasat Palaces Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Riyasat Palaces has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCR7549F2Z7 | Haryana | Active | 16 Oct 2020 |
To see the full GST registrations and return filing status of Riyasat Palaces Limited, buy the company report.
Recent activity
Riyasat Palaces Limited has 27 board changes on record since 2008: 3 appointments and 24 cessations. The latest: Parvindra Nautiyal ceased to be Additional Director on 25 Jun 2024.
23 earlier events are in the company report.
Frequently asked questions
Riyasat Palaces is an active public limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 12 January 2006 (20+ years old) and is registered under CIN U74899DL2006PLC144701.
Riyasat Palaces has 3 current directors:
- Nayan Navin Raheja - Managing Director
- Yogesh Huria - Director
- Parvindra Nautiyal - Director
The latest financial statements of Riyasat Palaces on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 17 July 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Riyasat Palaces is 06AADCR7549F2Z7, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Riyasat Palaces is U74899DL2006PLC144701. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Riyasat Palaces has 27 court cases on record: 5 filed by the company and 22 filed against it. 15 are pending. Most are in the district courts.
Riyasat Palaces was incorporated on 12 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Parvindra Nautiyal ceased to be Additional Director on 25 Jun 2024. Shilpi Jain ceased to be Additional Director on 25 Jun 2024. Yogesh Huria ceased to be Additional Director on 25 Jun 2024. Riyasat Palaces has 27 board changes on record in total.
The registered office of Riyasat Palaces is at W – 22 – A2 – A Kh No. 581 & 583 Western Avenue Sainik Farm, Delhi, India – 110062.
Riyasat Palaces operates in the real estate and construction industry, in the real estate builders and developers segment.