Vertex Newton Projects Private Limited
About Vertex Newton Projects Private Limited
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Vertex Newton Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 August 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45300MH1971PTC015299. Its GSTIN is 27AAACU1880D1ZI (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.66 Cr. It was formerly known as Usha Paper Products Private Limited. It is led by directors including Dinesh Shankar Shetty and Hiren Dinesh Radia.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹40.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.65 Cr (net margin 30.9%) and EBITDA of ₹18.48 Cr (EBITDA margin 45.2%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹39 Lakh on record. Court records list 16 cases involving the company, including 7 filed by the company and 9 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Vertex Newton Projects has one previous CIN (Corporate Identification Number): U21010MH1971PTC015299. The current CIN is U45300MH1971PTC015299, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45300MH1971PTC015299 | Current |
| U21010MH1971PTC015299 | Previous |
Contact details
Vertex Newton Projects Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No B/15 – 18 2nd Floor Commerce Centre Co – Op Society 78 Tardeo, Main Road, Mumbai, Maharashtra, India – 400034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vertex Newton Projects 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 Vertex Newton Projects is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of Vertex Newton Projects Private Limited, buy the company report.
Financials of Vertex Newton Projects Private Limited
FY 2025 filings availableVertex Newton Projects Private Limited reported revenue of ₹40.92 Cr (up 167% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 167% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 291% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹18.48 Cr | ||||
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| Net Profit (PAT) | ₹12.65 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.2% | ||||
| Net Profit Margin | 30.9% | ||||
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To see the full financial statements and ratios of Vertex Newton Projects Private Limited, buy the company report.
Board of directors of Vertex Newton Projects Private Limited
Vertex Newton Projects 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 |
|---|---|---|---|---|
| Dinesh Shankar Shetty Also directs: Apex Property Management (OPC) Private Limited | Director | 04 Apr 2011 | 15 Years 6 Months | Current |
| Hiren Dinesh Radia Also directs: Clear Media (India) Private Limited, Crest Builders LLP | Director | 16 Jan 2007 | 19 Years 9 Months | Current |
| Gautam Dinesh Radia | Director | 21 Jul 2018 | 8 Years 3 Months | Current |
Auditor
Vertex Newton Projects Private Limited is audited by BHAVIN SHAH ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAVIN SHAH ASSOCIATES | FY 2023 | 115668W |
Shareholding
The shareholding of Vertex Newton Projects 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vertex Newton Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jan 2025 | 101043048 | Hdfc Bank Limited | ₹39 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Vertex Newton Projects Private Limited has 16 court cases on record: 7 filed by Vertex Newton Projects, 9 filed against it. 6 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 6 | 4 |
| District courts | 2 | 2 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Union of India | Pending |
| Bombay High Court | Writ petition | Filed against the company by Vertex Solitaire CHS Ltd. THR. Its Secretary | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Thane, Maharashtra | Court case (R.C.C.) | Filed against the company by M/S Parag Industries Through Amit Jayesh Shah | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Registrar of Companies | Pending |
To see the full case history of Vertex Newton Projects 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
Vertex Newton Projects Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 10 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Masani Engineering Company Private Limited | |||
| Texture Concepts Private Limited |
To see the full MSME payment records of Vertex Newton Projects Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vertex Newton Projects Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
GST
Vertex Newton Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACU1880D1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vertex Newton Projects Private Limited, buy the company report.
Recent activity
Vertex Newton Projects Private Limited has 6 board changes on record since 2007: 3 appointments and 3 cessations. The latest: Dinesh Shankar Shetty ceased to be Director on 31 Jul 2021.
Frequently asked questions
Vertex Newton Projects is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 August 1971 (55+ years old) and is registered under CIN U45300MH1971PTC015299.
Vertex Newton Projects has 3 current directors:
- Dinesh Shankar Shetty - Director
- Hiren Dinesh Radia - Director
- Gautam Dinesh Radia - Director
The latest financial statements of Vertex Newton Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vertex Newton Projects is 27AAACU1880D1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vertex Newton Projects is U45300MH1971PTC015299. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vertex Newton Projects has 16 court cases on record: 7 filed by the company and 9 filed against it. 6 are pending. Most are in the high courts.
Vertex Newton Projects was incorporated on 25 August 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
Dinesh Shankar Shetty ceased to be Director on 31 Jul 2021. Hiren Dinesh Radia ceased to be Director on 19 Mar 2021. Gautam Dinesh Radia was appointed as Director on 21 Jul 2018. Vertex Newton Projects has 6 board changes on record in total.
Vertex Newton Projects has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 10 overdue payments to 2 micro and small suppliers. The latest return was filed on 15 Mar 2021.
The registered office of Vertex Newton Projects is at Unit No B15 – 18 2nd Floor Commerce Centre Co – Op Society 78 Tardeo, Main Road, Mumbai, Maharashtra, India – 400034.
Vertex Newton Projects operates in the real estate and construction industry, in the real estate builders and developers segment.