About Vag Buildtech Limited
Data last updated:
Vag Buildtech Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Sunil Hitech Engineers Limited. 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 12 June 2012.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45400MH2012PLC232077. Its GSTIN is 27AADCE0739L1ZI (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.91 Cr. It was formerly known as V?G Buildtech Private Limited and Ecological Road Construction Private Limited. It is led by directors including Sunil Ratnakar Gutte and Vinaykumar Ramchandar Gujjati.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Saba Palace 3rd Floor Flat No. 301 Khar West, Mumbai, Maharashtra, India – 400054.
As per the financials filed for FY 2019, the company reported a revenue of ₹141.54 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹33.17 Lakh (net margin 0.2%) and EBITDA of ₹4.78 Cr (EBITDA margin 3.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹35 Cr on record.
The last known website on record is sunilhitech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSaba Palace 3rd Floor Flat No. 301 Khar West, Mumbai, Maharashtra, India – 400054
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Name History of Vag Buildtech Limited
Vag Buildtech has undergone 4 name changes throughout its history. The current legal name is Vag Buildtech Limited.
| Company Name | Status |
|---|---|
| Vag Buildtech Limited | Current |
| V?G Buildtech Private Limited | Previous |
| Ecological Road Construction Private Limited | Previous |
| Sunilhitech India Infra Private Limited | Previous |
| Vag Buildtech Private Limited | Previous |
CIN History of Vag Buildtech Limited
Vag Buildtech has one previous CIN (Corporate Identification Number): U45400MH2012PTC232077. The current CIN is U45400MH2012PLC232077, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400MH2012PLC232077 | Current |
| U45400MH2012PTC232077 | Previous |
Business Activity of Vag Buildtech Limited
The main business activity of Vag Buildtech is construction. In detail, this covers roads, railways, utility projects.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Vag Buildtech Limited
Vag Buildtech Limited is audited by KETAN N SHAH & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KETAN N SHAH & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vag Buildtech Limited
Vag Buildtech has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinaykumar Ramchandar Gujjati Also directs: Bectran IT Solutions Private Limited, VRG Motion Pictures Private Limited, Skyscope Digital Private Limited and 1 more | Additional Director | 30 Aug 2019 | 7 Years 1 Months | As last reported |
| Ravi Prakash Mishra | Additional Director | 10 Jul 2020 | 6 Years 2 Months | As last reported |
| Sunil Ratnakar Gutte | Director | 12 Jun 2012 | 14 Years 3 Months | As last reported |
| Nitesh Pankaj Singh Also directs: Codesprout IT Private Limited, Updf Diaspora Forum | Additional Director | 31 Dec 2019 | 6 Years 9 Months | As last reported |
Financials of Vag Buildtech Limited FY 2020 filings available
Vag Buildtech Limited reported revenue of ₹141.54 Cr (down 27.00% YoY) for FY 2019.
Growth of Vag Buildtech Limited
| Metric | 1-year growth | 3-year compounded (CAGR) |
|---|---|---|
| Revenue | ▼ 27% | ▼ 7% |
| Net profit | ▼ 78% | ▼ 59% |
| EBITDA | ▼ 42% | ▼ 24% |
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 27% fall 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 of Vag Buildtech Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹141.54 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.78 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33.17 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 of Vag Buildtech Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vag Buildtech are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Vag Buildtech Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Vag Buildtech Limited
Vag Buildtech has 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
Charges & Borrowings of Vag Buildtech Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2015 | State Bank of Patiala | ₹35 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Vag Buildtech Limited
Vag Buildtech Limited has a workforce of 3 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Vag Buildtech Limited
Vag Buildtech has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCE0739L1ZI | Maharashtra | Active | 01 Jul 2017 |
| 03AADCE0739L1ZS | Punjab | Active | 01 Jul 2017 |
| 10AADCE0739L1ZX | Bihar | Active | 01 Jul 2017 |
| 19AADCE0739L1ZF | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Vag Buildtech Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vag Buildtech Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vag Buildtech Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vag Buildtech Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Vag Buildtech Limited
Recent News on Vag Buildtech Limited
Frequently Asked Questions about Vag Buildtech Limited
Vag Buildtech 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.
Vag Buildtech is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 12 June 2012 and is registered under CIN U45400MH2012PLC232077. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vag Buildtech reported revenue of ₹141.54 Cr for FY 2019 (down 27.00% YoY).
Vag Buildtech has 4 current directors:
- Vinaykumar Ramchandar Gujjati - Additional Director
- Ravi Prakash Mishra - Additional Director
- Sunil Ratnakar Gutte - Director
- Nitesh Pankaj Singh - Additional Director
Vag Buildtech reported a net profit of ₹33.17 Lakh (net margin 0.2%) and EBITDA of ₹4.78 Cr (EBITDA margin 3.4%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vag Buildtech is -7% over three years. In the latest year (FY 2019) revenue fell 27%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Vag Buildtech is U45400MH2012PLC232077. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vag Buildtech has open charges of ₹35 Cr and no satisfied charges on record as per latest MCA filings.
Vag Buildtech was incorporated on 12 June 2012. It is registered with the Registrar of Companies, Mumbai.