About Virgo Properties Private Limited
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Virgo Properties Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U70101TN2004PTC054212. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.51 Cr. It is led by directors Shyam Prasad Thikkavarapu (Managing Director) and Tikkavarapu Radhika.
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 is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹6.75 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹55.48 Lakh (net margin -8.2%) and EBITDA of ₹1.66 Cr (EBITDA margin 24.6%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 28% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹118.56 Cr and satisfied charges of ₹338.97 Cr on record. Court records list 27 cases involving the company, including 8 filed by the company and 19 filed against it; 5 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.21 Cr; the latest was in November 2011. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 3 larger; the largest is Morias Infrastructure Private Limited with revenue of ₹6.76 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website plazagroup.co.in.
Company details
Contact details
Virgo Properties Private Limited's registered office is in Chennai, Tamil Nadu. Its website is plazagroup.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlazahouse Newno.5 Oldno.3 Thirumurthyst.Opptonilgirisonthirumalaipillairoa, D T Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Virgo Properties 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 Virgo Properties 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 Virgo Properties Private Limited, buy the company report.
Financials of Virgo Properties Private Limited
FY 2023 filings availableVirgo Properties Private Limited reported revenue of ₹6.75 Cr (up 360% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 360% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 28%. 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 |
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| EBITDA | ₹1.66 Cr | ||||
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| Net Profit (PAT) | -₹55.48 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 24.6% | ||||
| Net Profit Margin | -8.2% | ||||
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To see the full financial statements and ratios of Virgo Properties Private Limited, buy the company report.
Board of directors of Virgo Properties Private Limited
Virgo Properties has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Prasad Thikkavarapu | Managing Director | 14 Sep 2004 | 22 Years 1 Months | Current |
| Tikkavarapu Radhika Also directs: Jayabharat Agro Estates LLP | Director | 14 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Virgo Properties Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Morias Infrastructure Private Limited | ₹6.76 Cr (FY 2024) | -42.0% | Kolkata, West Bengal, India | |||
| Estate Buildcon Private Limited | ₹6.75 Cr (FY 2024) | -76.0% | Ranchi, Jharkhand, India | |||
| K 2 M Developers Private Limited | ₹6.75 Cr (FY 2025) | 36.0% | Gurugram, Haryana, India | |||
| Virgo Properties Private Limitedthis company | ₹6.75 Cr (FY 2023) | -₹55.48 Lakh | -8.2% | 360.0% | 1 | Chennai, Tamil Nadu, India |
To see the full peer comparison of Virgo Properties Private Limited, buy the company report.
Auditor
Virgo Properties Private Limited is audited by Sirubhushanam & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sirubhushanam & Co | FY 2022 | 004594S |
Shareholding
The shareholding of Virgo Properties 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 Virgo Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2018 | 100199201 | Others | ₹5.56 Cr | Open | |
| 23 Jun 2017 | 100124919 | Others | ₹107 Cr | Open | |
| 06 Jan 2016 | 10624325 | India Infoline Housing Finance Limited | ₹1.02 Cr | Open | |
| 30 Sep 2014 | 10529751 | India Infoline Finance Limited | ₹4.98 Cr | Open | |
| 27 Jul 2020 | 100364173 | Sbicap Trustee Company Limited | ₹34 Cr | Satisfied |
To see the full charge records of Virgo Properties Private Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Virgo Properties Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.21 Cr; the latest was in November 2011.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jan 2008 | Funding round | ₹61 Lakh | Investors: 2 individuals |
| Mar 2007 | Funding round | ₹1.6 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Virgo Properties Private Limited has 27 court cases on record: 8 filed by Virgo Properties, 19 filed against it. 5 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 13 | 2 |
| District courts | 6 | 6 | 3 |
| NCLAT | 3 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by L and T Finance Ltd. | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed by the company against Phoenix Arc Private Limited and 1 other | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Phoenix Arc Private Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by L and T Finance Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by L and T Finance Limited | Disposed |
To see the full case history of Virgo Properties 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 Virgo Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Virgo Properties has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
Employees & EPFO
Virgo Properties Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Virgo Properties 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 Virgo Properties Private Limited, buy the company report.
Recent activity
Virgo Properties Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Shyam Prasad Thikkavarapu was appointed as Managing Director on 14 Sep 2004.
37 earlier events are in the company report.
Frequently asked questions
Virgo Properties is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 14 September 2004 (22+ years old) and is registered under CIN U70101TN2004PTC054212.
Virgo Properties has 2 current directors:
- Shyam Prasad Thikkavarapu - Managing Director
- Tikkavarapu Radhika - Director
The latest financial statements of Virgo Properties 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. Virgo Properties has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Virgo Properties is U70101TN2004PTC054212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virgo Properties has 27 court cases on record: 8 filed by the company and 19 filed against it. 5 are pending. Most are in the high courts.
Virgo Properties was incorporated on 14 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
Virgo Properties has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.21 Cr; the latest was in November 2011.
The peers of Virgo Properties by revenue are Morias Infrastructure Private Limited, Estate Buildcon Private Limited, K 2 M Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Shyam Prasad Thikkavarapu was appointed as Managing Director on 14 Sep 2004. Tikkavarapu Radhika was appointed as Director on 14 Sep 2004.
Virgo Properties can be reached through the website plazagroup.co.in. Its registered office is in Chennai, Tamil Nadu, India.