Vasan Construction Company Private Limited
About Vasan Construction Company Private Limited
Data last updated:
Vasan Construction Company Private Limited is a private limited company based in Perambalur, Tamil Nadu, India. 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 05 August 2011.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45206TN2011PTC081800. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.2 Cr. It is led by directors Ramasamy Rajasehar and Kumaragurubaran.
Its last annual general meeting (AGM) was held on 31 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 274/C Thuraiyur Road, Perambalur, Tamil Nadu, India – 621212.
As per the financials filed for FY 2016, the company reported a revenue of ₹8.38 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹3.31 Cr (net margin -39.5%) and EBITDA of ₹1.44 Cr (EBITDA margin 17.2%).
As per MCA filings, the company has open charges of ₹26.34 Cr on record. Court records list 10 cases involving the company, including 4 filed by the company and 8 filed against it; 4 cases are pending.
Company details
Contact details
Vasan Construction Company Private Limited's registered office is in Perambalur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address274/C Thuraiyur Road, Perambalur, Tamil Nadu, India – 621212
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vasan Construction Company 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 Vasan Construction Company is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Vasan Construction Company Private Limited, buy the company report.
Financials of Vasan Construction Company Private Limited
FY 2016 filings availableVasan Construction Company Private Limited reported revenue of ₹8.38 Cr (up 19% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 19% in the latest year. EBITDA fell 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹8.38 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.44 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3.31 Cr | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 17.2% | |
| Net Profit Margin | -39.5% | |
| 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 Vasan Construction Company Private Limited, buy the company report.
Board of directors of Vasan Construction Company Private Limited
Vasan Construction Company has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramasamy Rajasehar Also directs: Dhanalakshmi Sriivasan Builders Private Limited | Additional Director | 10 Dec 2012 | 13 Years 11 Months | As last reported |
| Kumaragurubaran Also directs: Brewsman Distillery Private Limited, Tunnel Builders and Projects Private Limited, Murugan Construction Private Limited and 2 more | Additional Director | 31 Aug 2017 | 9 Years 2 Months | As last reported |
Peer comparison
Vasan Construction Company Private Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nagpal Builders (India) Private Limited | ₹8.39 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Glair Infrastructure Limited | ₹8.39 Cr (FY 2018) | -63.0% | Delhi, India | |||
| Girna Enterprises Private Limited | ₹8.38 Cr (FY 2025) | 6.0% | Nashik, Maharashtra, India | |||
| Vasan Construction Company Private Limitedthis company | ₹8.38 Cr (FY 2016) | -₹3.31 Cr | -39.5% | 19.0% | Perambalur, Tamil Nadu, India | |
| Acrux Realcon Private Limited | ₹8.38 Cr (FY 2024) | -92.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Vasan Construction Company Private Limited, buy the company report.
Auditor
Vasan Construction Company Private Limited is audited by DASARATHAN & CO for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DASARATHAN & CO | FY 2016 | 000688S |
Shareholding
The shareholding of Vasan Construction Company Private Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Vasan Construction Company Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2014 | 10479304 | Canara Bank | ₹25 Cr | Open | |
| 30 Mar 2013 | 10424773 | Bank of India | ₹1.34 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Vasan Construction Company Private Limited has 10 court cases on record: 4 filed by Vasan Construction Company, 8 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 5 | 3 | 0 |
| NCLAT | 4 | 4 | 4 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed against the company by Jayasree M Liquidator M/S. Vasan Construction Company Pvt. Ltd. | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against A. R. Ramsubramania Raja Former Irp M/S. Vasan Construction Company Pvt. Ltd and 1 other | Disposed |
| NCLAT, Court I | Tribunal matter | Filed against the company by Bank of India | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Canara Bank | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Vasan Construction Company 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 Vasan Construction Company Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vasan Construction Company has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Vasan Construction Company Private Limited, buy the company report.
Recent activity
Vasan Construction Company Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Kathiravan ceased to be Director on 26 Mar 2018.
Frequently asked questions
Vasan Construction Company 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.
Vasan Construction Company is a company under liquidation, formerly operating as a private limited company based in Perambalur, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 August 2011 and is registered under CIN U45206TN2011PTC081800. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vasan Construction Company has 2 current directors:
- Ramasamy Rajasehar - Additional Director
- Kumaragurubaran - Additional Director
The latest financial statements of Vasan Construction Company on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 31 August 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vasan Construction Company is U45206TN2011PTC081800. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vasan Construction Company has open charges of ₹26.34 Cr and no satisfied charges on record as per latest MCA filings.
Vasan Construction Company has 10 court cases on record: 4 filed by the company and 8 filed against it. 4 are pending. Most are in the nclt.
Vasan Construction Company was incorporated on 05 August 2011. It is registered with the Registrar of Companies, Chennai.
The peers of Vasan Construction Company by revenue are Nagpal Builders (India) Private Limited, Glair Infrastructure Limited, Girna Enterprises Private Limited, Acrux Realcon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Kathiravan ceased to be Director on 26 Mar 2018. Kumaragurubaran was appointed as Additional Director on 31 Aug 2017. Jeyaraman Senthilkumar ceased to be Additional Director on 20 Aug 2015. Vasan Construction Company has 6 board changes on record in total.
The registered office of Vasan Construction Company is at 274C Thuraiyur Road, Perambalur, Tamil Nadu, India – 621212.
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