About Turning Point Estates Private Limited
Data last updated:
Turning Point Estates Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of U74999mh2006ptc163143. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 July 2006.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2006PTC184784. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.8 Lakh. It was formerly known as Chandigarh Treasure Island Private Limited. It is led by directors including Digambar Bhondwe and Sumchit Anand.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Shop No. 118 1st Floor V Mall Thakur Complex Kandivali East, Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2018, the company reported a revenue of ₹13,557, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹11,464 (net margin -84.6%) and EBITDA of -₹11,228 (EBITDA margin -82.8%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹100 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 6 filed against it; 2 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹56.25 Cr; the latest was in August 2009. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Pushpvatika Constructions Private Limited with revenue of ₹13,583.
The last known website on record is kalanigroup.com.
Company details
CIN history
Turning Point Estates has one previous CIN (Corporate Identification Number): U70100PB2006PTC030520. The current CIN is U70100MH2006PTC184784, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2006PTC184784 | Current |
| U70100PB2006PTC030520 | Previous |
Contact details
Turning Point Estates Private Limited's registered office is in Mumbai, Maharashtra. Its website is kalanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. 118 1st Floor V Mall Thakur Complex Kandivali East, Mumbai, Maharashtra, India – 400101
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Turning Point 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 Turning Point Estates Private Limited
FY 2018 filings availableTurning Point Estates Private Limited reported revenue of ₹13,557 (up 8% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over three years, including 8% growth in the latest year. EBITDA rose 99% 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 | ₹13,557 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹11,228 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹11,464 | |||
| 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 | -82.8% | |||
| Net Profit Margin | -84.6% | |||
| 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 Turning Point Estates Private Limited, buy the company report.
Board of directors of Turning Point Estates Private Limited
Turning Point Estates has 3 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Digambar Bhondwe Also directs: Surya Treasure Island Private Limited, Jabalpur Treasure Island Private Limited, Raipur Treasure Island Private Limited and 1 more | Additional Director | 28 Jul 2018 | 8 Years 2 Months | As last reported |
| Sumchit Anand Also directs: Surya Treasure Island Private Limited, Jabalpur Treasure Island Private Limited, Acquisory Consulting LLP and 5 more | Nominee Director | 12 Oct 2017 | 9 Years 0 Months | As last reported |
| Rajarshi Datta Also directs: Aramak Advisors LLP, Surya Treasure Island Private Limited, Shishu Sahitya Samsad Pvt Ltd and 2 more | Nominee Director | 12 Oct 2017 | 9 Years 0 Months | As last reported |
Peer comparison
Turning Point Estates Private Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pushpvatika Constructions Private Limited | ₹13,583 (FY 2024) | -2.0% | Phulbagan, West Bengal, India | |||
| Maruti Hi-Tech Builder Private Limited | ₹13,580 (FY 2024) | 15.0% | Kanpur, Uttar Pradesh, India | |||
| Piscon Construction Projects Private Limited | ₹13,565 (FY 2024) | -99.0% | Delhi, India | |||
| Wajid Sons Exports Ltd | ₹13,560 (FY 2020) | New Delhi, Delhi, India | ||||
| Sangam Buildwell Private Limited | ₹13,560 (FY 2025) | -89.0% | New Delhi, Delhi, India | |||
| Turning Point Estates Private Limitedthis company | ₹13,557 (FY 2018) | -₹11,464 | -84.6% | 8.0% | Mumbai, Maharashtra, India | |
| S.P. Spacecon Private Limited | ₹13,553 (FY 2025) | -96.0% | Ahmedabad, Gujarat, India | |||
| Srishti Infrapromoters Private Limited | ₹13,550 (FY 2017) | 9.0% | Delhi, India | |||
| Sabeena Properties Private Limited | ₹13,543 (FY 2018) | -13.0% | Mumbai, Maharashtra, India | |||
| Rainbow Colonizers Private Limited | ₹13,531 (FY 2019) | Jaipur, Rajasthan, India | ||||
| Amritrashi Heights Private Limited | ₹13,500 (FY 2025) | 50.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Turning Point Estates Private Limited, buy the company report.
Auditor
Turning Point Estates Private Limited is audited by MAHAJAN&SHAH for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHAJAN&SHAH | FY 2018 | 012618C |
Shareholding
The shareholding of Turning Point Estates Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Turning Point Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2009 | 10180766 | Others | ₹100 Cr | Open |
To see the full charge records of Turning Point Estates Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Turning Point Estates Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹56.25 Cr; the latest was in August 2009.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Treasure World Developers Private Limited , an individual Seller: 4 individuals |
To see the full deal history of Turning Point Estates Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Turning Point Estates Private Limited has 8 court cases on record: 2 filed by Turning Point Estates, 6 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| District courts | 3 | 3 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Revision petition | Filed by the company against Blue Star Limited & Anr | Disposed |
| NCLAT, Court III | Tribunal matter | Filed by the company against JM Financial Asset Reconstruction Company | Pending |
| High Court, PUNJAB | Arbitration matter | Filed against the company by Warrior Security Services Thru Its Prop S.S. Boparai | Pending |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by an individual | Disposed |
| Bombay High Court | Company petition | Filed against the company by BBR (India) Private Limited | Disposed |
To see the full case history of Turning Point 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 Turning Point Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Turning Point Estates has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Turning Point Estates Private Limited, buy the company report.
Recent activity
Turning Point Estates Private Limited has 30 board changes on record since 2007: 3 appointments and 27 cessations. The latest: Rajarshi Datta ceased to be Nominee Director on 24 Jan 2019.
23 earlier events are in the company report.
Frequently asked questions
Turning Point Estates is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Turning Point Estates is a company under liquidation, formerly operating as a 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 25 July 2006 and is registered under CIN U70100MH2006PTC184784. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Turning Point Estates has 3 current directors:
- Digambar Bhondwe - Additional Director
- Sumchit Anand - Nominee Director
- Rajarshi Datta - Nominee Director
The latest financial statements of Turning Point Estates on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Turning Point Estates is U70100MH2006PTC184784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Turning Point Estates has open charges of ₹100 Cr and no satisfied charges on record as per latest MCA filings.
Turning Point Estates has 8 court cases on record: 2 filed by the company and 6 filed against it. 2 are pending. Most are in the high courts.
Turning Point Estates was incorporated on 25 July 2006. It is registered with the Registrar of Companies, Mumbai.
Turning Point Estates has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹56.25 Cr; the latest was in August 2009.
The peers of Turning Point Estates by revenue are Pushpvatika Constructions Private Limited, Maruti Hi-Tech Builder Private Limited, Piscon Construction Projects Private Limited, Wajid Sons Exports Ltd, Sangam Buildwell Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Rajarshi Datta ceased to be Nominee Director on 24 Jan 2019. Sumchit Anand ceased to be Nominee Director on 24 Jan 2019. Yogesh Goswami ceased to be Director on 08 Aug 2018. Turning Point Estates has 30 board changes on record in total.