About Tuscan Consultants and Developers Private Limited
Data last updated:
Tuscan Consultants and Developers 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 business and IT consulting segment of the business process outsourcing sector. It was incorporated on 09 March 1993.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1993PTC014087. Its GSTIN is 29AAACT5253B1ZK (Karnataka).
The company has an authorised share capital of ₹125.5 Cr and a paid-up capital of ₹88.82 Cr. It is led by directors Sathya Moorthy Sai Prasad and Vasudevan Sathyamoorthy.
Its last annual general meeting (AGM) was held on 27 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 2nd Floor No.35/1 Yellappa Chetty Layout Civil Station Ulsoor Road, Bangalore, Karnataka, India – 560042.
As per the financials filed for FY 2022, the company reported a revenue of ₹31.32 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net loss of ₹108.65 Cr (net margin -346.9%) and EBITDA of -₹26.55 Cr (EBITDA margin -84.8%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 4% over five years.
Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹254.54 Cr and satisfied charges of ₹30 Cr on record. Court records list 10 cases involving the company, including 1 filed by the company and 9 filed against it; 4 cases are pending.
The last known website on record is ozonegroup.com.
Company details
CIN history
Tuscan Consultants and Developers has one previous CIN (Corporate Identification Number): U70102KA1993PTC014087. The current CIN is U85110KA1993PTC014087, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1993PTC014087 | Current |
| U70102KA1993PTC014087 | Previous |
Contact details
Tuscan Consultants and Developers Private Limited's registered office is in Bangalore, Karnataka. Its website is ozonegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor No.35/1 Yellappa Chetty Layout Civil Station Ulsoor Road, Bangalore, Karnataka, India – 560042
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Tuscan Consultants and Developers 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
Business activity
The main business activity of Tuscan Consultants and Developers is real estate. In detail, this covers real estate activities with own or leased property.
| 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 |
To see the full business activity and turnover split of Tuscan Consultants and Developers Private Limited, buy the company report.
Financials of Tuscan Consultants and Developers Private Limited
FY 2022 filings availableTuscan Consultants and Developers Private Limited reported revenue of ₹31.32 Cr (down 15% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 15% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 167% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹31.32 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹26.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹108.65 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -84.8% | ||||
| Net Profit Margin | -346.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Tuscan Consultants and Developers Private Limited, buy the company report.
Board of directors of Tuscan Consultants and Developers Private Limited
Tuscan Consultants and Developers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathya Moorthy Sai Prasad Also directs: Ozone Lifestyle Projects Private Limited, Ozone Realtors Private Limited, Ozone Infra Con Private Limited and 5 more | Director | 01 Sep 2015 | 11 Years 2 Months | As last reported |
| Vasudevan Sathyamoorthy Also directs: Ozone Lifestyle Projects Private Limited, Ozone Shelters Private Limited, Ozone Leisure and Resorts Private Limited and 5 more | Director | 09 Mar 1993 | 33 Years 7 Months | As last reported |
Peer comparison
Tuscan Consultants and Developers Private Limited is compared with the 3 companies closest to it by revenue in the Outsourcing industry (Builders and Developers, Consulting Services), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunidhi Estates Private Limited | ₹40.38 Cr (FY 2024) | -23.0% | Kolkata, West Bengal, India | |||
| Bombay Slum Redevelopment Corporation Private Limited | ₹40.37 Cr (FY 2023) | -64.0% | Mumbai, Maharashtra, India | |||
| Eiffel Infradevelopers Private Limited | ₹40.31 Cr (FY 2025) | -24.0% | Lucknow, Uttar Pradesh, India | |||
| Tuscan Consultants and Developers Private Limitedthis company | ₹31.32 Cr (FY 2022) | -₹108.65 Cr | -346.9% | -15.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Tuscan Consultants and Developers Private Limited, buy the company report.
Auditor
Tuscan Consultants and Developers Private Limited is audited by Pani and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pani and Associates | FY 2022 | 05025S |
Shareholding
The shareholding of Tuscan Consultants and Developers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tuscan Consultants and Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jul 2022 | 100609126 | Others | ₹68 Lakh | Open | |
| 21 Sep 2021 | 100489327 | Others | ₹1.36 Cr | Open | |
| 20 Aug 2019 | 100294723 | Others | ₹150 Cr | Open | |
| 28 Mar 2019 | 100265305 | Others | ₹7.5 Cr | Open | |
| 31 May 2018 | 100185416 | Others | ₹95 Cr | Open |
To see the full charge records of Tuscan Consultants and Developers Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Tuscan Consultants and Developers Private Limited has 10 court cases on record: 1 filed by Tuscan Consultants and Developers, 9 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| High courts | 4 | 4 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Axis Finance Limited | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Idbi Trusteeship Services Limited | Disposed |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Axis Bank Pvt Ltd | Pending |
| District court, Chengalpattu, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Axis Finance Limtied. | Disposed |
To see the full case history of Tuscan Consultants and Developers 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 Tuscan Consultants and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tuscan Consultants and Developers has 6 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ozone Homes Private Limited | U45200TN2008PTC068589 | |
| Tuscan Residences Private Limited | U45201KA2021PTC150390 | |
| Koshi Builders Private Limited | U45400DL2007PTC170516 | |
| Tuscan Kabini Hospitality Services Private Limited | U74999KA2020PTC133581 | |
| Tuscan Coorg Hospitality Services Private Limited | U74999KA2020PTC133820 | |
| Hansoge Enterprises Private Limited | U92490KA2004PTC034671 |
To see the full group structure of Tuscan Consultants and Developers Private Limited, buy the company report.
GST
Tuscan Consultants and Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT5253B1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tuscan Consultants and Developers Private Limited, buy the company report.
Recent activity
Tuscan Consultants and Developers Private Limited has 5 board changes on record since 1993: 2 appointments and 3 cessations. The latest: Priya Vasudevan ceased to be Director on 01 Feb 2018.
6 earlier events are in the company report.
News
Frequently asked questions
Tuscan Consultants and Developers 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.
Tuscan Consultants and Developers is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 09 March 1993 and is registered under CIN U85110KA1993PTC014087. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tuscan Consultants and Developers has 2 current directors:
- Sathya Moorthy Sai Prasad - Director
- Vasudevan Sathyamoorthy - Director
The latest financial statements of Tuscan Consultants and Developers on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tuscan Consultants and Developers is U85110KA1993PTC014087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tuscan Consultants and Developers has open charges of ₹254.54 Cr and satisfied charges of ₹30 Cr as per latest MCA filings.
Tuscan Consultants and Developers has 10 court cases on record: 1 filed by the company and 9 filed against it. 4 are pending. Most are in the district courts.
Tuscan Consultants and Developers was incorporated on 09 March 1993. It is registered with the Registrar of Companies, Bangalore.
The peers of Tuscan Consultants and Developers by revenue are Sunidhi Estates Private Limited, Bombay Slum Redevelopment Corporation Private Limited, Eiffel Infradevelopers Private Limited, all in the Outsourcing industry (Builders and Developers, Consulting Services), with the same principal business activity (real estate activities with own or leased property).
Priya Vasudevan ceased to be Director on 01 Feb 2018. Sathya Moorthy Sai Prasad ceased to be Additional Director on 29 Sep 2015. Sathya Moorthy Sai Prasad was appointed as Director on 01 Sep 2015. Tuscan Consultants and Developers has 5 board changes on record in total.
Tuscan Consultants and Developers can be reached through the website ozonegroup.com. Its registered office is in Bangalore, Karnataka, India.
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