About Skylark Mansions Private Limited
Data last updated:
Skylark Mansions Private Limited is a private limited company based in Bangalore, Karnataka, 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 31 October 1994.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA1994PTC016487. Its GSTIN is 29AACCS6548L1ZQ (Karnataka).
The company has an authorised share capital of ₹19 Cr and a paid-up capital of ₹10.27 Cr. It is led by directors including Saleem Sheriff and Shorab Sheriff.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.66 Cr (net margin -11.3%) and EBITDA of -₹3.53 Cr (EBITDA margin -10.9%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 7% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 1 brand: Skylark Mansions. As per MCA filings, the company has open charges of ₹613.83 Cr and satisfied charges of ₹654.48 Cr on record. Court records list 99 cases involving the company, including 16 filed by the company and 83 filed against it; 18 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2017.
The last known website on record is skylarkmansions.com.
Company details
Contact details
Skylark Mansions Private Limited's registered office is in Bangalore, Karnataka. Its website is skylarkmansions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address37/21 Skylark Chambers Yellappa Chetty Layoyt Ulsoor Road, India, Bangalore, Karnataka, India – 560042
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Skylark Mansions 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
Brands
Skylark Mansions operates one associated brand: Skylark Mansions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial and residential real estate projects are developed in India. | skylarkmansions.com |
Business activity
The main business activities of Skylark Mansions are real estate and support service to organizations. In detail, this covers real estate activities with own or leased property and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Skylark Mansions Private Limited, buy the company report.
Financials of Skylark Mansions Private Limited
FY 2023 filings availableSkylark Mansions Private Limited reported revenue of ₹32.3 Cr (up 194% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 194% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 11% 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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| EBITDA | -₹3.53 Cr | ||||
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| Net Profit (PAT) | -₹3.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -10.9% | ||||
| Net Profit Margin | -11.3% | ||||
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To see the full financial statements and ratios of Skylark Mansions Private Limited, buy the company report.
Board of directors of Skylark Mansions Private Limited
Skylark Mansions has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saleem Sheriff | Director | 31 Oct 1994 | 31 Years 11 Months | As last reported |
| Shorab Sheriff Also directs: Royaume Builders and Promoters Private Limited, Rida Estates Private Limited, Royaume Developers Private Limited and 2 more | Director | 22 Jan 2015 | 11 Years 9 Months | As last reported |
| Omar Sheriff | Director | 01 Feb 2007 | 19 Years 8 Months | As last reported |
Auditor
Skylark Mansions Private Limited is audited by Pincha and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pincha and Co. | FY 2023 | 009914S |
Shareholding
The shareholding of Skylark Mansions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Skylark Mansions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2019 | 100252022 | Others | ₹130 Cr | Open | |
| 16 Mar 2018 | 100168161 | Others | ₹225 Cr | Open | |
| 17 Jan 2018 | 100148294 | Others | ₹50 Cr | Open | |
| 27 Oct 2017 | 100131550 | Others | ₹40 Cr | Open | |
| 21 Aug 2017 | 100128822 | Others | ₹1.5 Cr | Open |
To see the full charge records of Skylark Mansions Private Limited, buy the company report.
Total charge records: 42 View all charges
Deals & funding
Skylark Mansions Private Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Skylark Mansions Private Limited has 99 court cases on record: 16 filed by Skylark Mansions, 83 filed against it. 18 cases are pending and 81 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 48 | 41 | 5 |
| NCLAT | 18 | 18 | 8 |
| High courts | 16 | 11 | 5 |
| NCLT | 16 | 12 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 99)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Royaume Estates Pvt Ltd | Pending |
| NCLAT, Court II | Tribunal matter | Filed against the company by Icici Bank Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Asset Reconstruction Company India Limited and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Jcdecaux Advertising India Pvt Ltd | Disposed |
| NCLAT, Court I | Tribunal matter | Filed against the company by M/S.Icici Bank Limited and 1 other | Disposed |
To see the full case history of Skylark Mansions 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 Skylark Mansions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Skylark Mansions has 8 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Royaume Builders and Promoters Private Limited | U45202KA2015PTC080389 | |
| Skylark Arcadia Private Limited | U45203KA2012PTC064610 | |
| Rida Builders and Promoters Private Limited | U45203KA2014PTC074572 | |
| Ithaca Estates Private Limited | U45205KA2013PTC067632 | |
| Rida Estates Private Limited | U45205KA2015PTC080019 | |
| Royaume Developers Private Limited | U45205KA2015PTC080084 |
To see the full group structure of Skylark Mansions Private Limited, buy the company report.
Employees & EPFO
Skylark Mansions Private Limited has a workforce of 1 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Skylark Mansions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS6548L1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Skylark Mansions Private Limited, buy the company report.
Recent activity
Skylark Mansions Private Limited has 5 board changes on record since 1994: 3 appointments and 2 cessations. The latest: Papakannu Madhu Sudhan ceased to be Company Secretary on 28 Dec 2018.
79 earlier events are in the company report.
Frequently asked questions
Skylark Mansions 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.
Skylark Mansions is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 31 October 1994 and is registered under CIN U70101KA1994PTC016487. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Skylark Mansions has 3 current directors:
- Saleem Sheriff - Director
- Shorab Sheriff - Director
- Omar Sheriff - Director
The latest financial statements of Skylark Mansions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Skylark Mansions is U70101KA1994PTC016487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skylark Mansions has open charges of ₹613.83 Cr and satisfied charges of ₹654.48 Cr as per latest MCA filings.
Skylark Mansions has 99 court cases on record: 16 filed by the company and 83 filed against it. 18 are pending. Most are in the district courts.
Skylark Mansions was incorporated on 31 October 1994. It is registered with the Registrar of Companies, Bangalore.
Skylark Mansions has 3 deals on record (3 secondary share transfers); the latest was in March 2017.
Papakannu Madhu Sudhan ceased to be Company Secretary on 28 Dec 2018. Aslam Sheriff ceased to be Director on 20 Feb 2017. Shorab Sheriff was appointed as Director on 22 Jan 2015. Skylark Mansions has 5 board changes on record in total.
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