About Sigtia Constructions Private Limited
Data last updated:
Sigtia Constructions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pawansut Dwellers 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 real estate financing segment of the financial services sector. It was incorporated on 18 March 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1994PTC077186. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4.4 Cr and a paid-up capital of ₹4.35 Cr. It is led by directors including Amar Arun Vajrekar (Director Appointed In Casual Vacancy) and Jayesh Natvarlal Sanghrajka (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 4th Floor Hdil Towers Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2018, the company reported a revenue of ₹15.75 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹1.04 Cr (net margin -6.6%) and EBITDA of -₹1.04 Cr (EBITDA margin -6.6%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
As per MCA filings, the company has open charges of ₹1,910 Cr on record. Court records list 19 cases involving the company, including 3 filed by the company and 16 filed against it; 3 cases are pending.
The last known website on record is sahanagroup.com.
Company details
Contact details
Sigtia Constructions Private Limited's registered office is in Mumbai, Maharashtra. Its website is sahanagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address4th Floor Hdil Towers Anant Kanekar Marg Bandra (E), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Sigtia Constructions 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 Sigtia Constructions is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
Financials of Sigtia Constructions Private Limited
FY 2018 filings availableSigtia Constructions Private Limited reported revenue of ₹15.75 Cr (up 10% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over three years, including 10% growth in the latest year. EBITDA fell 88% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹15.75 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.04 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.04 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -6.6% | |||
| Net Profit Margin | -6.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Sigtia Constructions Private Limited, buy the company report.
Board of directors of Sigtia Constructions Private Limited
Sigtia Constructions has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amar Arun Vajrekar Also directs: Sahana Constructions Private Limited, Pawansut Dwellers Private Limited, Skylark Build Dwellers Private Limited and 1 more | Director Appointed In Casual Vacancy | 27 Aug 2019 | 7 Years 2 Months | As last reported |
| Jayesh Natvarlal Sanghrajka Also directs: Jayesh Sanghrajka & Co. LLP, Algol Computers Training LLP, Optimo Realty LLP and 3 more | Irp/Rp/Liquidator | 20 Mar 2025 | 1 Years 7 Months | As last reported |
| Aniruddha Ramesh Sargade Also directs: Sahana Constructions Private Limited, Pawansut Dwellers Private Limited, Skylark Build Dwellers Private Limited and 1 more | Additional Director | 01 Nov 2019 | 7 Years 0 Months | As last reported |
Auditor
Sigtia Constructions Private Limited is audited by ANKURHITENDRASHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKURHITENDRASHAH | FY 2018 | 155564 |
Shareholding
The shareholding of Sigtia Constructions Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sigtia Constructions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Sep 2019 | 100292373 | Others | ₹1,910 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Sigtia Constructions Private Limited has 19 court cases on record: 3 filed by Sigtia Constructions, 16 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
| High courts | 3 | 0 | 2 |
| NCLAT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Income Tax Officer 9 (3) (2) and Anr | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Income Tax Officer 13(2)(2) and Anr | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by S P Infrastructure | Disposed |
To see the full case history of Sigtia Constructions 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 Sigtia Constructions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sigtia Constructions 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 Sigtia Constructions Private Limited, buy the company report.
Recent activity
Sigtia Constructions Private Limited has 16 board changes on record since 2007: 3 appointments and 13 cessations. The latest: Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 20 Mar 2025.
8 earlier events are in the company report.
Frequently asked questions
Sigtia Constructions 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.
Sigtia Constructions is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 18 March 1994 and is registered under CIN U70100MH1994PTC077186. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sigtia Constructions has 3 current directors:
- Amar Arun Vajrekar - Director Appointed In Casual Vacancy
- Aniruddha Ramesh Sargade - Additional Director
- Jayesh Natvarlal Sanghrajka - Irp/Rp/Liquidator
The latest financial statements of Sigtia Constructions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sigtia Constructions is U70100MH1994PTC077186. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sigtia Constructions has open charges of ₹1,910 Cr and no satisfied charges on record as per latest MCA filings.
Sigtia Constructions has 19 court cases on record: 3 filed by the company and 16 filed against it. 3 are pending. Most are in the district courts.
Sigtia Constructions was incorporated on 18 March 1994. It is registered with the Registrar of Companies, Mumbai.
Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 20 Mar 2025. Aniruddha Ramesh Sargade ceased to be Additional Director on 05 Oct 2020. Amar Arun Vajrekar ceased to be Director Appointed In Casual Vacancy on 30 Sep 2020. Sigtia Constructions has 16 board changes on record in total.
Sigtia Constructions can be reached through the website sahanagroup.com. Its registered office is in Mumbai, Maharashtra, India.
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