About Sankalp Siddhi Developers Private Limited
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Sankalp Siddhi Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hive Carbon-Zero Developers 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 building construction segment of the construction sector. It was incorporated on 19 October 2010.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2010PTC209143. Its GSTIN is 27AAOCS9724Q1Z8 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1.1 Lakh. It is led by directors including Gunashekhar Kashi Vishwanathan and Yifei Wang.
Its last annual general meeting (AGM) was held on 28 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ground Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2022, the company reported a revenue of ₹9.78 Cr. For the same year it recorded a net loss of ₹13.67 Cr (net margin -139.8%) and EBITDA of -₹13.76 Cr (EBITDA margin -140.6%). Revenue has declined at a compounded annual rate (CAGR) of 55% over three years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹165 Cr on record. Court records list 41 cases involving the company, including 4 filed by the company and 37 filed against it; 16 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in August 2019. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 3 smaller; the largest is Ellora Asian Realty Private Limited with revenue of ₹9.79 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 28 overdue payments to 8 micro and small suppliers.
The last known website on record is ahujahive.com.
Company details
Contact details
Sankalp Siddhi Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is ahujahive.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGround Floor Rajpipla Opp. Standard Chartered Bank Linking Road Santacruz (West), Mumbai, Maharashtra, India – 400054
- IndustryConstruction, Buildings
To see the full contact details of Sankalp Siddhi 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 Sankalp Siddhi 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 Sankalp Siddhi Developers Private Limited, buy the company report.
Financials of Sankalp Siddhi Developers Private Limited
FY 2022 filings availableSankalp Siddhi Developers Private Limited reported revenue of ₹9.78 Cr for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over three years. EBITDA fell 309% 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 | ₹9.78 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹13.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹13.67 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Inventories | |||||
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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 | -140.6% | ||||
| Net Profit Margin | -139.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Sankalp Siddhi Developers Private Limited, buy the company report.
Board of directors of Sankalp Siddhi Developers Private Limited
Sankalp Siddhi Developers has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gunashekhar Kashi Vishwanathan Also directs: Nanban Apparel LLP, Magic Properties Private Limited, Shree Ahuja Properties Private Limited and 4 more | Director | 04 Dec 2023 | 2 Years 10 Months | As last reported |
| Yifei Wang Also directs: Magic Properties Private Limited, Shree Ahuja Properties Private Limited, Pushpanjali Realtors Private Limited and 3 more | Director | 01 Oct 2019 | 7 Years 0 Months | As last reported |
| Arun Kishanlal Bagaria Also directs: Bagaria & Co LLP, Anand Vihar Reality Pvt Ltd | Irp/Rp/Liquidator | 06 May 2024 | 2 Years 5 Months | As last reported |
Peer comparison
Sankalp Siddhi Developers Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Ellora Asian Realty Private Limited | ₹9.79 Cr (FY 2024) | 35.0% | Pune, Maharashtra, India | |||
| Sobha Tambaram Developers Limited | ₹9.79 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India | |||
| Sankalp Siddhi Developers Private Limitedthis company | ₹9.78 Cr (FY 2022) | -₹13.67 Cr | -139.8% | 10 | Mumbai, Maharashtra, India | |
| Megbuild Developers Private Limited | ₹9.78 Cr (FY 2025) | 920.0% | New Delhi, Delhi, India | |||
| Newcon Buildwell Private Limited | ₹9.78 Cr (FY 2025) | -24.0% | Lucknow, Uttar Pradesh, India | |||
| Mohite Infraprojects Private Limited | ₹9.78 Cr (FY 2025) | 391.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sankalp Siddhi Developers Private Limited, buy the company report.
Auditor
Sankalp Siddhi Developers Private Limited is audited by Manjunath Gowda & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manjunath Gowda & Associates | FY 2022 | 123659W |
Shareholding
The shareholding of Sankalp Siddhi Developers 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sankalp Siddhi Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Apr 2017 | 100088450 | Others | ₹20 Cr | Satisfied | |
| 30 Oct 2014 | 10533087 | Icici Bank Limited | ₹50 Cr | Satisfied | |
| 13 Sep 2012 | 10381491 | Idbi Trusteeship Services Limited | ₹95 Cr | Satisfied |
To see the full charge records of Sankalp Siddhi Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Sankalp Siddhi Developers Private Limited has 1 deal on record (1 rights issue); the latest was in August 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹10 Lakh | Investors: Hive Carbon-Zero Developers Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sankalp Siddhi Developers Private Limited has 41 court cases on record: 4 filed by Sankalp Siddhi Developers, 37 filed against it. 16 cases are pending and 25 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 14 |
| High courts | 16 | 12 | 2 |
| NCLAT | 6 | 6 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Poona Bottling Company Pvt. Ltd. and Anr. (High Court Suit No. 159 of 2023) | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Transasia Bio Medicals Ltd | Pending |
| High Court, MAHARASHTRA | Court case (S) | Filed against the company by Poona Bottling Company Pvt. Ltd. and Anr. and 1 other | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Futureworks Media Ltd. | Disposed |
| Bombay High Court | Court case (COMSS) | Filed against the company by Futureworks Media Ltd. | Disposed |
To see the full case history of Sankalp Siddhi 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
Sankalp Siddhi Developers Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 28 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 |
|---|---|---|---|
| Honest Security Services | |||
| Panchvakra Facility Management | |||
| DM Manpower Services Private Limited | |||
| Pure Clean & Clear Solutions India Private Limited | |||
| Ample Enterprise |
To see the full MSME payment records of Sankalp Siddhi Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sankalp Siddhi Developers Private Limited has a workforce of 10 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Sankalp Siddhi Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS9724Q1Z8 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sankalp Siddhi Developers Private Limited, buy the company report.
Recent activity
Sankalp Siddhi Developers Private Limited has 15 board changes on record since 2013: 3 appointments and 12 cessations. The latest: Arun Kishanlal Bagaria was appointed as Irp/Rp/Liquidator on 06 May 2024.
12 earlier events are in the company report.
Frequently asked questions
Sankalp Siddhi 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.
Sankalp Siddhi Developers is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in buildings, within the construction industry. It was incorporated on 19 October 2010 and is registered under CIN U70102MH2010PTC209143. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sankalp Siddhi Developers has 3 current directors:
- Gunashekhar Kashi Vishwanathan - Director
- Yifei Wang - Director
- Arun Kishanlal Bagaria - Irp/Rp/Liquidator
The latest financial statements of Sankalp Siddhi Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 December 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sankalp Siddhi Developers is U70102MH2010PTC209143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sankalp Siddhi Developers has no open charges and satisfied charges of ₹165 Cr as per latest MCA filings.
Sankalp Siddhi Developers has 41 court cases on record: 4 filed by the company and 37 filed against it. 16 are pending. Most are in the district courts.
Sankalp Siddhi Developers was incorporated on 19 October 2010. It is registered with the Registrar of Companies, Mumbai.
Sankalp Siddhi Developers has 1 deal on record (1 rights issue); the latest was in August 2019.
The peers of Sankalp Siddhi Developers by revenue are Ellora Asian Realty Private Limited, Sobha Tambaram Developers Limited, Megbuild Developers Private Limited, Newcon Buildwell Private Limited, Mohite Infraprojects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Arun Kishanlal Bagaria was appointed as Irp/Rp/Liquidator on 06 May 2024. Rajkumar Shamlal Jaiswal ceased to be Irp/Rp/Liquidator on 06 May 2024. Gunashekhar Kashi Vishwanathan ceased to be Additional Director on 27 Dec 2023. Sankalp Siddhi Developers has 15 board changes on record in total.
Sankalp Siddhi Developers has 4 MSME Form 1 returns on record between 2021 and 2023, listing 28 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Aug 2023.
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