MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-DL-05-0009798
Vikas Promoters Private Limited
Vikas Promoters Private Limited - real estate and construction in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.77 Lakh
▼ 70% YoY
Net profit · FY 2024
₹11.21 Lakh
Net margin 16.8%
EBITDA · FY 2024
₹15.73 Lakh
EBITDA margin 23.6%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.34 Cr
Issued & subscribed
Satisfied charges
₹28 Cr
No open charges
Company age
37 yrs
Est. 1989
Directors on board
2
As per MCA filings
About Vikas Promoters Private Limited
Data last updated:
Vikas Promoters Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1989PTC037060. Its GSTIN is 07AAACV2238G2ZI (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.34 Cr. It is led by directors Mohan Kumar Garg and Asha Garg.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 813/1 G. T. Road Shahdara, New Delhi, Delhi, India – 110032.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.77 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹11.21 Lakh (net margin 16.8%) and EBITDA of ₹15.73 Lakh (EBITDA margin 23.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 23% over five years.
As per MCA filings, the company has satisfied charges of ₹28 Cr on record. Court records list 19 cases involving the company, including 11 filed by the company and 8 filed against it; 4 cases are pending.
Vikas Promoters Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-05-0009798). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U74899DL1989PTC037060
Registration Number 037060
Incorporation Date 24 July 1989
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-05-0009798
Key People
Mohan Kumar Garg Director Asha Garg Director Recognitions & Rankings of Vikas Promoters
Contact details
Vikas Promoters Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. 813/1 G. T. Road Shahdara, New Delhi, Delhi, India – 110032
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vikas Promoters Private Limited, buy the company report.
Comprehensive company report
Vikas Promoters Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Vikas Promoters is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Vikas Promoters Private Limited, buy the company report.
Financials of Vikas Promoters Private Limited
FY 2024 filings availableVikas Promoters Private Limited reported revenue of ₹66.77 Lakh (down 70% YoY) for FY 2024.
Revenue · FY 2024
₹66.77 Lakh ▼ 70%
Net profit · FY 2024
₹11.21 Lakh margin 16.8%
EBITDA · FY 2024
₹15.73 Lakh margin 23.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 70%
3 years · compounded
▼ 52%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▼ 59%
3 years · compounded
▼ 32%
5 years · compounded
▼ 23%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 70% fall in the latest year. EBITDA fell 59% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
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| Total Expenses | |||||
| EBITDA | ₹15.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.21 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.6% | ||||
| Net Profit Margin | 16.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Vikas Promoters Private Limited, buy the company report.
Board of directors of Vikas Promoters Private Limited
Vikas Promoters has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Kumar Garg Also directs: Carvan Buildtech LLP, V T S Finance and Chit Fund Pvt Ltd | Director | 24 Jul 1989 | 37 Years 3 Months | Current |
| Asha Garg Also directs: Carvan Buildtech LLP, V T S Finance and Chit Fund Pvt Ltd | Director | 01 May 2018 | 8 Years 6 Months | Current |
Auditor
Vikas Promoters Private Limited is audited by ARUN NARESH & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARUN NARESH & CO. | FY 2022 | 007127N |
Shareholding
The shareholding of Vikas Promoters Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vikas Promoters Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹28 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2007 | 10034607 | Union Bank of India | ₹19 Cr | Satisfied | |
| 29 Jun 2006 | 10011260 | State Bank of India | ₹9 Cr | Satisfied |
To see the full charge records of Vikas Promoters Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Vikas Promoters Private Limited has 19 court cases on record: 11 filed by Vikas Promoters, 8 filed against it. 4 cases are pending and 15 are disposed.
Total cases
19
Filed by the company
11
Filed against the company
8
Pending
4
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 1 | 1 |
| District courts | 5 | 4 | 1 |
| Supreme Court | 2 | 2 | 1 |
| NCLAT | 2 | 1 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (Cr Cases) | Filed against the company by Mahajan Promoters and Developers Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Revision petition | Filed by the company against Mahajan Promoters and Developers Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Mahajan Promoters and Developers Pvt. Ltd. and 4 others | Disposed |
| Supreme Court | Court case | Filed against the company by Dy. Commissioner of Income Tax | Pending |
| High Court of Delhi | Court case (CS(OS)) | Filed by the company against an individual | Pending |
To see the full case history of Vikas Promoters 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 Vikas Promoters Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vikas Promoters has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACV2238G2ZI | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vikas Promoters Private Limited, buy the company report.
Recent activity
Vikas Promoters Private Limited has 6 board changes on record since 1989: 2 appointments and 4 cessations. The latest: Pankaj Arora ceased to be Director on 03 Jan 2023.
AGM
Vikas Promoters Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records.
Filing
Vikas Promoters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Ceased
Pankaj Arora ceased to be Director.
Ceased
Asha Garg ceased to be Additional Director.
Appointed
Asha Garg was appointed as Director.
Ceased
Vipul Garg ceased to be Director.
Charges
A charge registered on 31 Jan 2007 via Charge ID 10034607 with Union Bank Of India was fully satisfied on 07 Sep 2017.
Ceased
Nand Kishore Garg ceased to be Director.
Charges
A charge with Union Bank Of India of Rs. 19.00 Cr registered on 31 Jan 2007 with Charge ID 10034607 was modified on 08 Jul 2009.
Charges
A charge registered on 29 Jun 2006 via Charge ID 10011260 with State Bank Of India was fully satisfied on 01 Feb 2007.
Charges
A charge with Union Bank Of India amounted to Rs. 19.00 Cr with Charge ID 10034607 was registered on 31 Jan 2007.
Charges
A charge with State Bank Of India of Rs. 9.00 Cr registered on 29 Jun 2006 with Charge ID 10011260 was modified on 07 Aug 2006.
3 earlier events are in the company report.
Frequently asked questions
Vikas Promoters is an active private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 July 1989 (37+ years old) and is registered under CIN U74899DL1989PTC037060.
Vikas Promoters has 2 current directors:
- Mohan Kumar Garg - Director
- Asha Garg - Director
The latest financial statements of Vikas Promoters on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vikas Promoters is 07AAACV2238G2ZI, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Vikas Promoters is U74899DL1989PTC037060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikas Promoters has 19 court cases on record: 11 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.
Vikas Promoters was incorporated on 24 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Delhi.
Pankaj Arora ceased to be Director on 03 Jan 2023. Asha Garg ceased to be Additional Director on 30 Sep 2018. Asha Garg was appointed as Director on 01 May 2018. Vikas Promoters has 6 board changes on record in total.
Yes, Vikas Promoters is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-05-0009798).
The registered office of Vikas Promoters is at Plot No. 8131 G. T. Road Shahdara, New Delhi, Delhi, India – 110032.
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