About Vag Buildtech Limited
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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. Court records list 32 cases involving the company, including 8 filed by the company and 24 filed against it; 6 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹4.5 Cr; the latest was in March 2019. Its 6 peer companies in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects) are compared by revenue, 3 larger and 3 smaller; the largest is Dristti Structural Engineering Private Limited with revenue of ₹142.57 Cr.
The last known website on record is sunilhitech.com.
Company details
Name history
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
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 |
Contact details
Vag Buildtech Limited's registered office is in Mumbai, Maharashtra. Its website is sunilhitech.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSaba Palace 3rd Floor Flat No. 301 Khar West, Mumbai, Maharashtra, India – 400054
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Vag Buildtech 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 Vag Buildtech is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Vag Buildtech Limited, buy the company report.
Financials of Vag Buildtech Limited
FY 2020 filings availableVag Buildtech Limited reported revenue of ₹141.54 Cr (down 27% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 27% fall in the latest year. EBITDA fell 42% 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 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 | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| 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 | |||||
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| 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 Vag Buildtech Limited, buy the company report.
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 3 Months | As last reported |
| Sunil Ratnakar Gutte | Director | 12 Jun 2012 | 14 Years 4 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 |
Peer comparison
Vag Buildtech Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dristti Structural Engineering Private Limited | ₹142.57 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| RS Development and Constructions India Private Limited | ₹141.88 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Hule Constructions Private Limited | ₹141.64 Cr (FY 2024) | 274.0% | Patoda, Maharashtra, India | |||
| Vag Buildtech Limitedthis company | ₹141.54 Cr (FY 2019) | ₹33.17 Lakh | 0.2% | -27.0% | 3 | Mumbai, Maharashtra, India |
| Shree Kashi Vishwanath Infra Projects Private Limited | ₹141.29 Cr (FY 2025) | -11.0% | Nanded, Maharashtra, India | |||
| Kailashchandra Dilipkumar Constructions Private Limited | ₹141.22 Cr (FY 2025) | 5.0% | Navi Mumbai, Maharashtra, India | |||
| B C Biyani Projects Private Limited | ₹140 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vag Buildtech Limited, buy the company report.
Auditor
Vag Buildtech Limited is audited by KETAN N SHAH & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KETAN N SHAH & CO | FY 2019 | 104996W |
Shareholding
The shareholding of Vag Buildtech Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Vag Buildtech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2015 | 10602743 | State Bank of Patiala | ₹35 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Vag Buildtech Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹4.5 Cr; the latest was in March 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sunil Hitech Engineers Limited |
| Jan 2015 | Funding round | ₹3.51 Cr | Investors: Sunil Hitech Engineers Limited |
| Jul 2013 | Funding round | ₹99 Lakh | Investors: Sunil Hitech Engineers Limited , 2 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sunil Hitech Engineers Limited , Sunil Hitech Engineering Limited & Sunil Gutte |
To see the full deal history of Vag Buildtech 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
Vag Buildtech Limited has 32 court cases on record: 8 filed by Vag Buildtech, 24 filed against it. 6 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 14 | 5 |
| High courts | 10 | 7 | 1 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Beed, Maharashtra | Civil suit | Filed against the company by Rishu Kichu Industries Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Kashyap Construction Pvt. Ltd. (Applicant) | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Srei Equipment Finance Ltd | Pending |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Kashyap Construction Pvt. Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Constrofab Developers Private Limited | Disposed |
To see the full case history of Vag Buildtech 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.
Credit ratings & regulatory alerts
Vag Buildtech Limited was last rated by Crisil on 22 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Sep 2020 |
To see the full credit ratings and regulatory alerts of Vag Buildtech Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vag Buildtech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
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.
Employees & EPFO
Vag Buildtech Limited has a workforce of 3 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Vag Buildtech Limited, buy the company report.
Recent activity
Vag Buildtech Limited has 15 board changes on record since 2012: 4 appointments and 11 cessations. The latest: Vinaykumar Ramchandar Gujjati ceased to be Additional Director on 31 Aug 2021.
7 earlier events are in the company report.
Frequently asked questions
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 has 4 current directors:
- Vinaykumar Ramchandar Gujjati - Additional Director
- Ravi Prakash Mishra - Additional Director
- Sunil Ratnakar Gutte - Director
- Nitesh Pankaj Singh - Additional Director
The latest financial statements of Vag Buildtech on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
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 has 32 court cases on record: 8 filed by the company and 24 filed against it. 6 are pending. Most are in the district courts.
Vag Buildtech was incorporated on 12 June 2012. It is registered with the Registrar of Companies, Mumbai.
Vag Buildtech has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹4.5 Cr; the latest was in March 2019.
The peers of Vag Buildtech by revenue are Dristti Structural Engineering Private Limited, RS Development and Constructions India Private Limited, Hule Constructions Private Limited, Shree Kashi Vishwanath Infra Projects Private Limited, Kailashchandra Dilipkumar Constructions Private Limited and 1 more, all in the Infrastructure industry (Construction Services), with the same principal business activity (roads, railways, utility projects).
Vinaykumar Ramchandar Gujjati ceased to be Additional Director on 31 Aug 2021. Ravi Prakash Mishra ceased to be Additional Director on 01 Apr 2021. Suraj Pujari Yadav ceased to be Cfo(Kmp) on 01 Apr 2021. Vag Buildtech has 15 board changes on record in total.