About Vee Square Hitech Infra Private Limited
Data last updated:
Vee Square Hitech Infra Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 January 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2008PTC177372. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was led by directors including Sunny Vijay Lakhani and Vijay Ravjibhai Gajra.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Management Office Palm Beach Gallaria Plot No – 17 Sector 19B Off – Palm Beach Road Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.18 Cr, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹32,807 (net margin 0.1%) and EBITDA of ₹32,807 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 745% over five years.
As per MCA filings, the company has satisfied charges of ₹50 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The last known website on record is palmbeachgalleria.com.
Company details
Contact details
Vee Square Hitech Infra Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is palmbeachgalleria.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressManagement Office Palm Beach Gallaria Plot No – 17 Sector 19B Off – Palm Beach Road Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vee Square Hitech Infra 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 Vee Square Hitech Infra 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 Vee Square Hitech Infra Private Limited, buy the company report.
Financials of Vee Square Hitech Infra Private Limited
FY 2023 filings availableVee Square Hitech Infra Private Limited reported revenue of ₹4.18 Cr (down 83% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 83% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 745%. EBITDA rose 100% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32,807 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32,807 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Vee Square Hitech Infra Private Limited, buy the company report.
Board of directors of Vee Square Hitech Infra Private Limited
Vee Square Hitech Infra has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishandas Satramdas Lakhani | Additional Director | 30 Oct 2023 | 3 Years 0 Months | As last reported |
| Sunny Vijay Lakhani Also directs: Vee Square Hitech Infra LLP, PBG Mall Management Private Limited, Vee Square Galleria Private Limited and 5 more | Director | 04 Jan 2008 | 18 Years 10 Months | As last reported |
| Vijay Ravjibhai Gajra Also directs: K. G. Rajpurohit Smart Builders LLP, Ellora Homeland LLP, Ellora Struc-Con LLP and 5 more | Director | 04 Jan 2008 | 18 Years 10 Months | As last reported |
Auditor
Vee Square Hitech Infra Private Limited is audited by B. P. Rakholiya & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. P. Rakholiya & Co. | FY 2023 | 134877W |
Shareholding
The shareholding of Vee Square Hitech Infra Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vee Square Hitech Infra Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2008 | 10111204 | Pegasus Group Nineteen Trust I - Pegasus Assets Reconstruction Private Limited | ₹50 Cr | Satisfied |
To see the full charge records of Vee Square Hitech Infra Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Vee Square Hitech Infra Private Limited has 3 court cases on record: 2 filed by Vee Square Hitech Infra, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (S) | Filed by the company against Lavina Estates Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CHS) | Filed by the company against Lavina Estates Pvt. Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Pegasus Assets Reconstruction Company Private Limited Through Mrs.Reeja Jayadeesh | Disposed |
To see the full case history of Vee Square Hitech Infra 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 Vee Square Hitech Infra Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vee Square Hitech Infra has 2 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 Vee Square Hitech Infra Private Limited, buy the company report.
Recent activity
Vee Square Hitech Infra Private Limited has 5 board changes on record since 2008: 3 appointments and 2 cessations. The latest: Vishandas Satramdas Lakhani was appointed as Additional Director on 30 Oct 2023.
Frequently asked questions
Vee Square Hitech Infra has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Vee Square Hitech Infra was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 04 January 2008 and is registered under CIN U45202MH2008PTC177372. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Vee Square Hitech Infra is U45202MH2008PTC177372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vee Square Hitech Infra had 3 directors:
- Vishandas Satramdas Lakhani - Additional Director
- Sunny Vijay Lakhani - Director
- Vijay Ravjibhai Gajra - Director
Vee Square Hitech Infra was incorporated on 04 January 2008. It is registered with the Registrar of Companies, Mumbai.
Vee Square Hitech Infra can be reached through the website palmbeachgalleria.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Vee Square Hitech Infra is at Management Office Palm Beach Gallaria Plot No – 17 Sector 19B Off – Palm Beach Road Vashi, Navi Mumbai, Maharashtra, India – 400705.
The latest financial statements of Vee Square Hitech Infra on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Vee Square Hitech Infra has 2 GST registrations on record and all of them are cancelled or inactive.
Vee Square Hitech Infra operated in the real estate and construction industry, in the real estate builders and developers segment.
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