Track Estates Private Limited
About Track Estates Private Limited
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Track Estates Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Neumec Development & Allied Services Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 02 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45203MH2007PTC172827. Its GSTIN is 27AACCT9423B1ZI (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Rajesh Ghewarchand Jain and Nilesh Gunjal Harishchandra.
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 G – 3 Natwar Chambers 94 Nagindas Master Road Oak Lane Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.16 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹13.41 Lakh and EBITDA of -₹13.33 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 37% over five years.
As per MCA filings, the company has satisfied charges of ₹60 Cr on record. Court records list 12 cases involving the company, including 1 filed by the company and 11 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Track Estates Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – 3 Natwar Chambers 94 Nagindas Master Road Oak Lane Fort, Mumbai, Maharashtra, India – 400023
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Track Estates 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 Track Estates Private Limited
FY 2024 filings availableTrack Estates Private Limited reported revenue of ₹2.16 Lakh (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 37%. EBITDA fell 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
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| EBITDA | -₹13.33 Lakh | ||||
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| Net Profit (PAT) | -₹13.41 Lakh | ||||
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Financial Ratios
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To see the full financial statements and ratios of Track Estates Private Limited, buy the company report.
Board of directors of Track Estates Private Limited
Track Estates has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Ghewarchand Jain | Director | 01 Feb 2008 | 18 Years 9 Months | Current |
| Nilesh Gunjal Harishchandra Also directs: Neumec Estate Developer LLP, Parleshwar Builders LLP, Parle Development Corporation LLP and 2 more | Director | 01 Apr 2013 | 13 Years 7 Months | Current |
Auditor
Track Estates Private Limited is audited by Ajay Shobha & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ajay Shobha & Co | FY 2023 | 317031E |
Shareholding
The shareholding of Track Estates 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 Track Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2016 | 100018082 | Others | ₹60 Cr | Satisfied |
To see the full charge records of Track Estates Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Track Estates Private Limited has 12 court cases on record: 1 filed by Track Estates, 11 filed against it. 2 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 10 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Capital First Ltd. | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Capital First Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| Bombay High Court | Writ petition | Filed against the company | Disposed |
To see the full case history of Track Estates 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 Track Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Track Estates has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT9423B1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Track Estates Private Limited, buy the company report.
Recent activity
Track Estates Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Ghewarchand Hajarimal Jain ceased to be Additional Director on 26 Sep 2014.
Frequently asked questions
Track Estates is an active 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 02 August 2007 (19+ years old) and is registered under CIN U45203MH2007PTC172827.
Track Estates has 2 current directors:
- Rajesh Ghewarchand Jain - Director
- Nilesh Gunjal Harishchandra - Director
The latest financial statements of Track Estates 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 GSTIN of Track Estates is 27AACCT9423B1ZI, 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 Track Estates is U45203MH2007PTC172827. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Track Estates has 12 court cases on record: 1 filed by the company and 11 filed against it. 2 are pending. Most are in the high courts.
Track Estates was incorporated on 02 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Ghewarchand Hajarimal Jain ceased to be Additional Director on 26 Sep 2014. Nirajkumar Nirmalkumar Rungta ceased to be Director on 10 Sep 2013. Nilesh Gunjal Harishchandra ceased to be Additional Director on 06 Sep 2013. Track Estates has 7 board changes on record in total.
The registered office of Track Estates is at G – 3 Natwar Chambers 94 Nagindas Master Road Oak Lane Fort, Mumbai, Maharashtra, India – 400023.
Track Estates operates in the real estate and construction industry, in the real estate builders and developers segment.
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