About SSJV Projects Private Limited
Data last updated:
SSJV Projects 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 general construction services segment of the infrastructure and utilities sector. It was incorporated on 10 August 1998.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45203KA1998PTC024063. Its GSTIN is 29AAACU3698R1Z9 (Karnataka).
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.42 Cr. It was formerly known as Universal Projects Private Limited. It is led by directors including Ravi Sankar Devarakonda (Irp/Rp/Liquidator) and Manohar Shetty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at #21/6 Ground Floor Craig Park Layout M G Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.64 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹72.37 Lakh and EBITDA of -₹83.45 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 77% over three years and 65% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹787.32 Cr and satisfied charges of ₹90.93 Cr on record. Court records list 140 cases involving the company, including 64 filed by the company and 76 filed against it; 31 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in July 2009.
The last known website on record is ssjvprojects.com.
Company details
Contact details
SSJV Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is ssjvprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#21/6 Ground Floor Craig Park Layout M G Road, Bangalore, Karnataka, India – 560001
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of SSJV 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 SSJV Projects Private Limited
FY 2024 filings availableSSJV Projects Private Limited reported revenue of ₹1.64 Lakh (up 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 65%. EBITDA rose 23% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹83.45 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹72.37 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 SSJV Projects Private Limited, buy the company report.
Board of directors of SSJV Projects Private Limited
SSJV Projects has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Sankar Devarakonda Also directs: Prudent Restructuring LLP, Kalyani Coke and Cogeneration Private Limited, SRCC Projects Private Limited and 3 more | Irp/Rp/Liquidator | 18 Jul 2025 | 1 Years 3 Months | As last reported |
| Manohar Shetty | Director | 10 Aug 1998 | 28 Years 2 Months | As last reported |
| Somashekar Salimath Also directs: Shankaranarayana Consultancy Services Private Limited | Director | 05 Feb 2009 | 17 Years 8 Months | As last reported |
Auditor
SSJV Projects Private Limited is audited by V M SHETTY & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V M SHETTY & Co | FY 2023 | 003825S |
Shareholding
The shareholding of SSJV Projects 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 SSJV Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2018 | 100208346 | Others | ₹20 Lakh | Open | |
| 01 Aug 2016 | 100057828 | Others | ₹20 Lakh | Open | |
| 27 Jan 2007 | 10066248 | Centurion Bank of Punjab Limited | ₹30 Lakh | Open | |
| 21 Jan 2007 | 10074879 | Centurion Bank of Punjab Limited | ₹1.62 Cr | Open | |
| 16 May 2006 | 10007189 | Industrial Development Bank of India Limited | ₹55 Cr | Open |
To see the full charge records of SSJV Projects Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
SSJV Projects Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in July 2009.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2009 | Funding round | ₹1.02 Cr | Investors: an individual |
| Mar 2009 | Funding round | ₹2.98 Cr | Investors: 2 individuals |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: Mandaragiri Green Fields Private Limited, Ghataprabha Agro-Farms Private Limited , Dronagiri Agro-Farms Private Limited Seller: Il&Fs Engineering and Construction Company Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SSJV Projects Private Limited has 140 court cases on record: 64 filed by SSJV Projects, 76 filed against it. 31 cases are pending and 109 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 96 | 43 | 20 |
| District courts | 33 | 28 | 8 |
| Supreme Court | 11 | 5 | 3 |
Cases on record (5 of 140)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Ghataprabha Agro Farms Pvt Ltd and 6 others | Pending |
| High Court, TAMIL NADU | Revision petition | Filed by the company against Ghataprabha Agro Farms Pvt Ltd and 6 others | Pending |
| Supreme Court | Court case (0602-Banking : Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, debt recovery by banks, financial institutions, cooperative banks and negotiable instruments [other than criminal prosecution]) | Filed against the company by Ghataprabha Agro- Farms Private Limited Represented by Its Authorised Signatory Mr. Bheesma Chary Registered Office at RK Residency H.No. 8-3- 229/D/32, 2Nd Floor, Venkatagiri, Yousufguda ,Hyderabad , Telangana and 2 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against M/S Allahabad Bank | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Sardar Sarovar Narmada Nigam Limited and 2 others | Pending |
To see the full case history of SSJV Projects 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 SSJV Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SSJV Projects Private Limited has a workforce of 4 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
SSJV Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU3698R1Z9 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SSJV Projects Private Limited, buy the company report.
Recent activity
SSJV Projects Private Limited has 8 board changes on record since 1998: 3 appointments and 5 cessations. The latest: Ravi Sankar Devarakonda was appointed as Irp/Rp/Liquidator on 18 Jul 2025.
42 earlier events are in the company report.
Frequently asked questions
SSJV Projects 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.
SSJV Projects is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 10 August 1998 and is registered under CIN U45203KA1998PTC024063. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
SSJV Projects has 3 current directors:
- Manohar Shetty - Director
- Somashekar Salimath - Director
- Ravi Sankar Devarakonda - Irp/Rp/Liquidator
The latest financial statements of SSJV Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of SSJV Projects is U45203KA1998PTC024063. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SSJV Projects has open charges of ₹787.32 Cr and satisfied charges of ₹90.93 Cr as per latest MCA filings.
SSJV Projects has 140 court cases on record: 64 filed by the company and 76 filed against it. 31 are pending. Most are in the high courts.
SSJV Projects was incorporated on 10 August 1998. It is registered with the Registrar of Companies, Bangalore.
SSJV Projects has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4 Cr; the latest was in July 2009.
Ravi Sankar Devarakonda was appointed as Irp/Rp/Liquidator on 18 Jul 2025. Sudhir Shetty ceased to be Director on 10 Nov 2016. Ravindrashetty Abhijit ceased to be Additional Director on 27 Jan 2010. SSJV Projects has 8 board changes on record in total.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
