About Shree Sainath Land & Development (India) Private Limited
Data last updated:
Shree Sainath Land & Development (India) Private Limited is a private limited company based in Mumbai, Maharashtra, 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 12 January 2011.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2011PTC212231. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.8 Cr and a paid-up capital of ₹1.6 Cr. It is led by directors including Gautam Hiran Kantilal and Manohar Jagumal Karda.
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 Shop No. Ug 109 Dreams – The Mall Lbs Marg Bhandup (W), Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.37 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹3.66 Lakh (net margin 0.8%) and EBITDA of ₹11.03 Cr (EBITDA margin 252.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 157% over five years.
As per MCA filings, the company has open charges of ₹150 Cr and satisfied charges of ₹50 Cr on record. Court records list 5 cases involving the company, including 5 filed against it.
The last known website on record is kardaconstruction.com.
Company details
Contact details
Shree Sainath Land & Development (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is kardaconstruction.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No. Ug 109 Dreams – The Mall Lbs Marg Bhandup (W), Mumbai, Maharashtra, India – 400078
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Shree Sainath Land & Development (India) 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 Shree Sainath Land & Development (India) 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 Shree Sainath Land & Development (India) Private Limited, buy the company report.
Financials of Shree Sainath Land & Development (India) Private Limited
FY 2022 filings availableShree Sainath Land & Development (India) Private Limited reported revenue of ₹4.37 Cr (down 83% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 157%. EBITDA fell 26% 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 | ₹4.37 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.66 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 252.5% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Shree Sainath Land & Development (India) Private Limited, buy the company report.
Board of directors of Shree Sainath Land & Development (India) Private Limited
Shree Sainath Land & Development (India) has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Subhashchandra Katariya Also directs: Unique Hybrid Renewables Energy Private Limited, Ashoka Infraways Limited, Viva Highways Limited and 3 more | Nominee Director | 31 Jul 2021 | 5 Years 3 Months | As last reported |
| Gautam Hiran Kantilal | Director | 05 Jul 2022 | 4 Years 4 Months | As last reported |
| Manohar Jagumal Karda | Director | 05 Nov 2012 | 14 Years 0 Months | As last reported |
| Manish Motilal Jaju | Irp/Rp/Liquidator | 29 Nov 2023 | 2 Years 11 Months | As last reported |
| Naresh Jagumal Karda | Director | 27 Jul 2012 | 14 Years 3 Months | As last reported |
Auditor
Shree Sainath Land & Development (India) Private Limited is audited by NATESH & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NATESH & ASSOCIATES | FY 2022 | 106957W |
Shareholding
The shareholding of Shree Sainath Land & Development (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shree Sainath Land & Development (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2018 | 100199209 | Sbicap Trustee Company Limited | ₹150 Cr | Open | |
| 12 Oct 2015 | 10617901 | Tata Capital Housing Finance Limited | ₹50 Cr | Satisfied |
To see the full charge records of Shree Sainath Land & Development (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Shree Sainath Land & Development (India) Private Limited has 5 court cases on record: 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 0 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Mumbai | Insolvency matter | Filed against the company by Lic Housing Finance Ltd | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Viva Highways Ltd | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Shree Sainath Land & Development (India) 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
No delayed payments to MSME suppliers are on our record for Shree Sainath Land & Development (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shree Sainath Land & Development (India) has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shree Sainath Land & Development (India) Private Limited, buy the company report.
Recent activity
Shree Sainath Land & Development (India) Private Limited has 12 board changes on record since 2012: 5 appointments and 7 cessations. The latest: Manish Motilal Jaju was appointed as Irp/Rp/Liquidator on 29 Nov 2023.
7 earlier events are in the company report.
News
Frequently asked questions
Shree Sainath Land & Development (India) 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.
Shree Sainath Land & Development (India) 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 January 2011 and is registered under CIN U45400MH2011PTC212231. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shree Sainath Land & Development (India) has 5 current directors:
- Anup Subhashchandra Katariya - Nominee Director
- Gautam Hiran Kantilal - Director
- Manohar Jagumal Karda - Director
- Naresh Jagumal Karda - Director
- Manish Motilal Jaju - Irp/Rp/Liquidator
The latest financial statements of Shree Sainath Land & Development (India) 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 Shree Sainath Land & Development (India) is U45400MH2011PTC212231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shree Sainath Land & Development (India) has open charges of ₹150 Cr and satisfied charges of ₹50 Cr as per latest MCA filings.
Shree Sainath Land & Development (India) has 5 court cases on record: 5 filed against it. Most are in the supreme court.
Shree Sainath Land & Development (India) was incorporated on 12 January 2011. It is registered with the Registrar of Companies, Mumbai.
Manish Motilal Jaju was appointed as Irp/Rp/Liquidator on 29 Nov 2023. Gautam Hiran Kantilal ceased to be Additional Director on 29 Sep 2022. Gautam Hiran Kantilal was appointed as Director on 05 Jul 2022. Shree Sainath Land & Development (India) has 12 board changes on record in total.
Shree Sainath Land & Development (India) can be reached through the website kardaconstruction.com. Its registered office is in Mumbai, Maharashtra, India.
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