Satyatower Affordables Projects Private Limited
About Satyatower Affordables Projects Private Limited
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Satyatower Affordables Projects Private Limited is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Edmond Finvest Private Limited. It operates in the real estate financing segment of the financial services sector. It was incorporated on 30 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U45100WB2007PTC120738. Its GSTIN is 19AACCJ0935G1ZO (West Bengal).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹2 Lakh. It was formerly known as Satya Films Private Limited and Jay Durga Heemghar Private Limited. It is led by directors Amit Dabriwala and Sumit Dabriwala.
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 7C Middleton Street Ground Floor, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.58 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹5.93 Cr (net margin -129.5%) and EBITDA of -₹1.89 Cr (EBITDA margin -41.3%). Revenue has grown at a compounded annual rate (CAGR) of 112% over three years and 120% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹100 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Satyatower Affordables Projects has undergone 4 name changes throughout its history. The current legal name is Satyatower Affordables Projects Private Limited.
| Company Name | Status |
|---|---|
| Satyatower Affordables Projects Private Limited | Current |
| Satya Films Private Limited | Previous |
| Jay Durga Heemghar Private Limited | Previous |
| Satyanirman Affordable Housing Private Limited | Previous |
| Satyatower Affordable Projects Private Limited | Previous |
CIN history
Satyatower Affordables Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45100WB2007PTC120738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45100WB2007PTC120738 | Current |
| U22219WB2007PTC120738 | Previous |
| U45400WB2007PTC120738 | Previous |
Contact details
Satyatower Affordables Projects Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address7C Middleton Street Ground Floor, Kolkata, West Bengal, India – 700071
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Satyatower Affordables Projects 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
Financials of Satyatower Affordables Projects Private Limited
FY 2022 filings availableSatyatower Affordables Projects Private Limited reported revenue of ₹4.58 Cr (up 367% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 120% over five years, including 367% growth 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
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| EBITDA | -₹1.89 Cr | ||||
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| Net Profit (PAT) | -₹5.93 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -41.3% | ||||
| Net Profit Margin | -129.5% | ||||
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To see the full financial statements and ratios of Satyatower Affordables Projects Private Limited, buy the company report.
Board of directors of Satyatower Affordables Projects Private Limited
Satyatower Affordables Projects has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Dabriwala Also directs: Edmond Finvest Private Limited, Sattyaahomes Development Private Limited, Master Project Management LLP and 5 more | Director | 30 Aug 2019 | 7 Years 1 Months | Current |
| Sumit Dabriwala Also directs: Belmont Towers LLP, River Apartment Owners Association, Hiland Projects Limited and 5 more | Director | 08 May 2018 | 8 Years 5 Months | Current |
Auditor
Satyatower Affordables Projects Private Limited is audited by SINGHI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SINGHI & CO | FY 2021 | 302049E |
Shareholding
The shareholding of Satyatower Affordables Projects Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Satyatower Affordables Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2018 | 100199352 | Others | ₹100 Cr | Open |
To see the full charge records of Satyatower Affordables Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Satyatower Affordables Projects Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Satyatower Affordables Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Satyatower Affordables Projects has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sattyaahomes Development Private Limited | U70102WB2014PTC204442 |
Employees & EPFO
Satyatower Affordables Projects Private Limited has a workforce of 1 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Satyatower Affordables Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AACCJ0935G1ZO | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Satyatower Affordables Projects Private Limited, buy the company report.
Recent activity
Satyatower Affordables Projects Private Limited has 13 board changes on record since 2008: 2 appointments and 11 cessations. The latest: Sumit Dabriwala ceased to be Managing Director on 31 Dec 2020.
6 earlier events are in the company report.
Frequently asked questions
Satyatower Affordables Projects is an active private limited company based in Kolkata, West Bengal, India. The company works in real estate financing, within the financial services industry. It was incorporated on 30 November 2007 (19+ years old) and is registered under CIN U45100WB2007PTC120738.
Satyatower Affordables Projects has 2 current directors:
- Amit Dabriwala - Director
- Sumit Dabriwala - Director
The latest financial statements of Satyatower Affordables Projects 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 GSTIN of Satyatower Affordables Projects is 19AACCJ0935G1ZO, registered in West Bengal.
The CIN (Corporate Identification Number) of Satyatower Affordables Projects is U45100WB2007PTC120738. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Satyatower Affordables Projects was incorporated on 30 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Kolkata.
Sumit Dabriwala ceased to be Managing Director on 31 Dec 2020. Amit Dabriwala ceased to be Additional Director on 25 Sep 2019. Amit Dabriwala was appointed as Director on 30 Aug 2019. Satyatower Affordables Projects has 13 board changes on record in total.
The registered office of Satyatower Affordables Projects is at 7C Middleton Street Ground Floor, Kolkata, West Bengal, India – 700071.
Satyatower Affordables Projects operates in the financial services industry, in the real estate financing segment.
Satyatower Affordables Projects has open charges of ₹100 Cr and no satisfied charges on record as per latest MCA filings.