About Vijay Citispace Private Limited
Data last updated:
Vijay Citispace Private Limited is a private limited company based in Mumbai, Maharashtra, India. 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 real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 October 2009.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2009PTC196272. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.1 Lakh. It is led by directors Vrajlal Talakshi Gala (Managing Director) and Ateev Vrajlal Gala.
Its last annual general meeting (AGM) was held on 25 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 205 Marine Chambers 43 New Marine Lines, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2018, the company reported a revenue of ₹26.97 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -3.8%) and EBITDA of ₹1.43 Cr (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years.
As per MCA filings, the company has open charges of ₹145.23 Cr and satisfied charges of ₹244 Cr on record. Court records list 20 cases involving the company, including 3 filed by the company and 17 filed against it; 4 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in March 2018. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 3 smaller; the largest is Prasthan Infrastructure Private Limited with revenue of ₹26.97 Cr.
The last known website on record is vijaygroup.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address205 Marine Chambers 43 New Marine Lines, Mumbai, Maharashtra, India – 400020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Business Activity
The main business activity of Vijay Citispace is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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
Financials of Vijay Citispace Private Limited
FY 2018 filings availableVijay Citispace Private Limited reported revenue of ₹26.97 Cr (down 20% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 35% over three years, including a 20% fall in the latest year. EBITDA fell 76% 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 2017-18 | FY 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹26.97 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹1.43 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹1.01 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 2017-18 | FY 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.3% | |
| Net Profit Margin | -3.8% | |
| 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, and every line for FY 2014-15 to FY 2016-17, 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 Vijay Citispace are in the company report.
: available in the company report
Board of Directors of Vijay Citispace Private Limited
Vijay Citispace has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vrajlal Talakshi Gala | Managing Director | 06 Oct 2009 | 17 Years 0 Months | As last reported |
| Ateev Vrajlal Gala | Director | 15 May 2014 | 12 Years 5 Months | As last reported |
Peer Comparison
Vijay Citispace Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prasthan Infrastructure Private Limited | ₹26.97 Cr (FY 2019) | •••• | •••• | 202.0% | •••• | Ahmedabad, Gujarat, India |
| Silicon Constructions Private Limited | ₹26.97 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Chandigarh, India |
| Vijay Citispace Private Limited this company | ₹26.97 Cr (FY 2018) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Chartered Housing Private Limited | ₹26.92 Cr (FY 2025) | •••• | •••• | 210.0% | •••• | Bangalore, Karnataka, India |
| Merit Infra and Engineering Private Limited | ₹26.91 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Poompuhar Real Estate Private Limited | ₹26.9 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the companies nearest to Vijay Citispace by revenue, above and below it, in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Vijay Citispace Private Limited is audited by KAILASH CHAND JAIN & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAILASH CHAND JAIN & CO | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Mar 2017 | Others | ₹10.23 Cr | Open |
| 23 Sep 2016 | Others | ₹105 Cr | Open |
| 23 Mar 2016 | Others | ₹25 Cr | Open |
| 29 Jun 2015 | Axis Bank Limited | ₹5 Cr | Open |
| 23 Jun 2015 | Gda Trusteeship Limited | ₹150 Cr | Satisfied |
Total charge records: 8 View all charges
Deals & Funding
Vijay Citispace Private Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in March 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vrajlal T Gala Huf, 3 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Vijay Group Associates & Vrajlal T Gala, 3 individuals Seller: Vwama International, 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Vwama International, Vrajlal T Gala Huf, 2 individuals Seller: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Situda Investment and Trading Company Private Limited , Inventure Contruction Private Limited, 2 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Vijay Citispace Private Limited has 20 court cases on record: 3 filed by Vijay Citispace, 17 filed against it. 4 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 12 | 4 |
| High courts | 5 | 3 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS) | Filed against the company by Regency Ispat Pvt.Ltd., Through Kishore Sureshlal Lund | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by JM Financial Credit Solutions Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by A V Contractors and Engineers Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (R.C.A.) | Filed against the company by Vija Y Enclave Cooperative Housing Soc. Ltd. and 2 Ors. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by India Bulls Housing Finance Ltd. | Pending |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Vijay Citispace.
: available in the company report
Recent Activity
Vijay Citispace Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Ankush Shankar Dalvi ceased to be Additional Director on 27 Sep 2019.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Vijay Citispace has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Vijay Citispace 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.
Vijay Citispace is a company under insolvency, formerly operating as a 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 06 October 2009 and is registered under CIN U45202MH2009PTC196272. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vijay Citispace has 2 current directors:
- Vrajlal Talakshi Gala - Managing Director
- Ateev Vrajlal Gala - Director
The latest financial statements of Vijay Citispace on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 25 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vijay Citispace is U45202MH2009PTC196272. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vijay Citispace has open charges of ₹145.23 Cr and satisfied charges of ₹244 Cr as per latest MCA filings.
Vijay Citispace has 20 court cases on record: 3 filed by the company and 17 filed against it. 4 are pending. Most are in the district courts.
Vijay Citispace was incorporated on 06 October 2009. It is registered with the Registrar of Companies, Mumbai.
Vijay Citispace has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹10,000; the latest was in March 2018.
The peers of Vijay Citispace by revenue are Prasthan Infrastructure Private Limited, Silicon Constructions Private Limited, Chartered Housing Private Limited, Merit Infra and Engineering Private Limited, Poompuhar Real Estate Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ankush Shankar Dalvi ceased to be Additional Director on 27 Sep 2019. Deepak Laxmichand Furia ceased to be Director on 05 Oct 2018. Goutam Thacker ceased to be Director on 30 Jun 2015. Vijay Citispace has 9 board changes on record in total.