Sita Premises Limited
About Sita Premises Limited
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Sita Premises Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 12 December 1957 and has been in existence for over 69 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH1957PLC010985. Its GSTIN is 27AABCI7300M2ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as India Corrugating Industries Private Limited and India Corrugating Industries Limited. It is led by directors including Vishnu Maneklal Raval and Simon Thomas.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.19 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹7.79 Lakh (net margin 13.2%) and EBITDA of ₹13.81 Lakh (EBITDA margin 23.3%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
As per MCA filings, the company has open charges of ₹45.57 Lakh on record. Court records list 32 cases involving the company, including 13 filed by the company and 19 filed against it; 4 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Name history
Sita Premises has undergone 2 name changes throughout its history. The company was previously known as India Corrugating Industries Private Limited, and India Corrugating Industries Limited. The current legal name is Sita Premises Limited.
| Company Name | Status |
|---|---|
| Sita Premises Limited | Current |
| India Corrugating Industries Private Limited | Previous |
| India Corrugating Industries Limited | Previous |
CIN history
Sita Premises has one previous CIN (Corporate Identification Number): U21023MH1957PLC010985. The current CIN is U74900MH1957PLC010985, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH1957PLC010985 | Current |
| U21023MH1957PLC010985 | Previous |
Contact details
Sita Premises Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressUnit No.5C Ground Floor Wing A Sita Estates Mahul Road Vashi Naka Ch, Embur, Mumbai, Maharashtra, India – 400074
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Sita Premises 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 Sita Premises is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Sita Premises Limited, buy the company report.
Financials of Sita Premises Limited
FY 2024 filings availableSita Premises Limited reported revenue of ₹59.19 Lakh (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over three years, including a 3% fall in the latest year. EBITDA rose 58% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹13.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.79 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | ||||
| Net Profit Margin | 13.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sita Premises Limited, buy the company report.
Board of directors of Sita Premises Limited
Sita Premises has 6 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishnu Maneklal Raval | Director | 28 Aug 2008 | 18 Years 2 Months | Current |
| Simon Thomas Also directs: Alfa Divine Consultant LLP, Maarzz RMC LLP, Scalable Global Ventures Private Limited and 3 more | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
| Alok Bharara | Director | 18 Jul 2009 | 17 Years 3 Months | Current |
| Sundaram Chelakara Krishna Also directs: Western Metaflux Private Limited | Director | 28 Sep 2012 | 14 Years 1 Months | Current |
| Makarand Bhimrao Patil Also directs: Ore Core Ventures Private Limited | Director | 26 Sep 2009 | 17 Years 1 Months | Current |
| Harshvadan Navnitlal Mehta Also directs: Metco Chemtech Private Limited, Metco Enterprises Private Limited | Director | 28 Aug 2008 | 18 Years 2 Months | Current |
Auditor
Sita Premises Limited is audited by U B SURA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| U B SURA & CO | FY 2019 | 110620W |
Shareholding
The shareholding of Sita Premises 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 Sita Premises Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Aug 1996 | 90230905 | State Bank of India | ₹13.2 Lakh | Open | |
| 06 Jul 1992 | 90230717 | State Bank of India | ₹97,853 | Open | |
| 10 Aug 1986 | 90230462 | Shri Uday Kumar Menon | ₹1.98 Lakh | Open | |
| 06 Aug 1986 | 90230461 | Miss Beena N. Chaanra | ₹96,000 | Open | |
| 29 Dec 1980 | 90230320 | State Bank of India | ₹17.2 Lakh | Open |
To see the full charge records of Sita Premises Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Sita Premises Limited has 32 court cases on record: 13 filed by Sita Premises, 19 filed against it. 4 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 18 | 3 |
| High courts | 13 | 1 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Indust Towers Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (CONP) | Filed by the company against an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by an individual | Disposed |
To see the full case history of Sita Premises 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 Sita Premises Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sita Premises has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI7300M2ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sita Premises Limited, buy the company report.
Recent activity
Sita Premises Limited has 21 board changes on record since 2008: 6 appointments and 15 cessations. The latest: Alkot Pallikara Sasidharan Nair ceased to be Director on 09 Nov 2019.
22 earlier events are in the company report.
Frequently asked questions
Sita Premises is an active public 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 December 1957 (69+ years old) and is registered under CIN U74900MH1957PLC010985.
Sita Premises has 6 current directors:
- Vishnu Maneklal Raval - Director
- Simon Thomas - Director
- Alok Bharara - Director
- Sundaram Chelakara Krishna - Director
- Makarand Bhimrao Patil - Director
- Harshvadan Navnitlal Mehta - Director
The latest financial statements of Sita Premises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sita Premises is 27AABCI7300M2ZI, registered in Maharashtra. 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 Sita Premises is U74900MH1957PLC010985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sita Premises has 32 court cases on record: 13 filed by the company and 19 filed against it. 4 are pending. Most are in the district courts.
Sita Premises was incorporated on 12 December 1957, making it 69+ years old. It is registered with the Registrar of Companies, Mumbai.
Alkot Pallikara Sasidharan Nair ceased to be Director on 09 Nov 2019. Ivan Faustin Gregory Rodrigues ceased to be Director on 16 Aug 2019. Bhavesh Mulchand Trevadia ceased to be Director on 17 Jul 2018. Sita Premises has 21 board changes on record in total.
The registered office of Sita Premises is at Unit No.5C Ground Floor Wing A Sita Estates Mahul Road Vashi Naka Ch, Embur, Mumbai, Maharashtra, India – 400074.
Sita Premises operates in the real estate and construction industry, in the real estate builders and developers segment.
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