About VR Dakshin Private Limited
Data last updated:
VR Dakshin Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Moribus Holdings Pte. Ltd.. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 08 September 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74899KA1987PTC070519. Its GSTIN is 29AAACS1883J1Z0 (Karnataka). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹2 Lakh. It was formerly known as Sugam Vanijya Holdings Private Limited and Sugam Vanijya Investments Private Limited. It is led by directors including Sumi Gupta and Sanjeev Jain Kumar.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vr Bengaluru No. 11B Sy No. 40/9 Devasandra Industrial Area 2nd Stage Kr. Puram Ho, Bli, Karnataka, India – 560048.
As per the financials filed for FY 2023, the company reported a revenue of ₹204 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹93.51 Cr (net margin -45.8%) and EBITDA of ₹106.48 Cr (EBITDA margin 52.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 21% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vr Dakshin. As per MCA filings, the company has open charges of ₹1,045.45 Cr and satisfied charges of ₹1,983.99 Cr on record. Court records list 87 cases involving the company, including 31 filed by the company and 54 filed against it; 20 cases are pending. The company has 9 deals on record (3 debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,281.87 Cr; the latest was in June 2022. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Infinite Traders Private Limited with revenue of ₹204.84 Cr. The company has 13 MSME Form 1 returns on record between 2022 and 2024, listing 202 overdue payments to 48 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vrdakshin.com.
Name History of VR Dakshin Private Limited
VR Dakshin has undergone 2 name changes throughout its history. The company was previously known as Sugam Vanijya Holdings Private Limited, and Sugam Vanijya Investments Private Limited. The current legal name is Vr Dakshin Private Limited.
| Company Name | Status |
|---|---|
| VR Dakshin Private Limited | Current |
| Sugam Vanijya Holdings Private Limited | Previous |
| Sugam Vanijya Investments Private Limited | Previous |
CIN History of VR Dakshin Private Limited
VR Dakshin has one previous CIN (Corporate Identification Number): U74899DL1987PTC029156. The current CIN is U74899KA1987PTC070519, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899KA1987PTC070519 | Current |
| U74899DL1987PTC029156 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressVr Bengaluru No. 11B Sy No. 40/9 Devasandra Industrial Area 2nd Stage Kr. Puram Ho, Bli, Karnataka, India – 560048
- 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
Associated Brands with VR Dakshin Private Limited
VR Dakshin operates one associated brand: VR DAKSHIN. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and manages commercial centers with hotels, offices, and entertainment facilities. | vrdakshin.com |
Business Activity of VR Dakshin Private Limited
The main business activity of VR Dakshin is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | 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
Verified entity values are shown only after access is granted.
Financials of VR Dakshin Private Limited FY 2024 filings available
VR Dakshin Private Limited reported revenue of ₹204 Cr (up 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of VR Dakshin Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 14% growth in the latest year. EBITDA rose 4% 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 of VR Dakshin Private Limited
| 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 | ₹204 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹106.48 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹93.51 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 of VR Dakshin Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -45.8% | •••• | •••• | •••• | •••• |
| 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 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 VR Dakshin are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of VR Dakshin Private Limited
VR Dakshin has 5 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tariq Maqbool Chinoy | Nominee Director | 20 Apr 2021 | 5 Years 5 Months | Current |
| Sumi Gupta | Director | 20 Apr 2021 | 5 Years 5 Months | Current |
| Pradeep Jyoti Banerjee Also directs: Pradeep Banerjee Associates LLP, Chambal Fertilisers and Chemicals Limited, Jubilant Ingrevia Limited and 5 more | Nominee Director | 10 Mar 2023 | 3 Years 7 Months | Current |
| Sanjeev Jain Kumar Also directs: VR Konkan Private Limited, Amicus Insolvency and Turnaround Services LLP, Green Planet Logistics Private Limited and 5 more | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
| Jay Viresh Dayani Also directs: VR Majha Limited, VR Konkan Private Limited | Director | 06 Jul 2022 | 4 Years 3 Months | Current |
Peer Comparison of VR Dakshin Private Limited
VR Dakshin Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Infinite Traders Private Limited | ₹204.84 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Asf Infrastructure Private Limited | ₹204.41 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | New Delhi, Delhi, India |
| Spectra Constructions and Infrastructure Private Limited | ₹204.39 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Chennai, Tamil Nadu, India |
| Destiny Retail Mall Developers Private Limited | ₹204.23 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mahalaxmi, Maharashtra, India |
| Relationship Properties Private Limited | ₹204.11 Cr (FY 2025) | •••• | •••• | -83.0% | •••• | Mumbai, Maharashtra, India |
| VR Dakshin Private Limited this company | ₹204 Cr (FY 2023) | •••• | •••• | 14.0% | •••• | Bengaluru, Karnataka, India |
| Pioneer Urban Land & Infrastructure Limited | ₹203.6 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Gurugram, Haryana, India |
| Globe Multi Ventures Limited Listed | ₹203.45 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Mumbai, Maharashtra, India |
| Ganadhipati Infrastructures & Projects Private Limited | ₹203.25 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Bren Corporation Private Limited | ₹203.19 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Arvind Hebbal Homes Private Limited | ₹202.46 Cr (FY 2025) | •••• | •••• | 6828.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below VR Dakshin by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of VR Dakshin Private Limited
VR Dakshin Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of VR Dakshin Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of VR Dakshin Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Apr 2025 | Hdfc Bank Limited | ₹45 Lakh | Open |
| 26 Apr 2023 | Standard Chartered Bank | ₹15 Cr | Open |
| 13 Mar 2023 | Others | ₹750 Cr | Open |
| 16 Dec 2019 | Axis Bank Limited | ₹280 Cr | Open |
| 03 Dec 2018 | Others | ₹197.5 Cr | Satisfied |
Total charge records: 12 View all charges
Deals & Funding of VR Dakshin Private Limited
VR Dakshin Private Limited has 9 deals on record (3 debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,281.87 Cr; the latest was in June 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Debt financing | ₹13 Cr | Investors: Robusta Holdings Pte Limited |
| Nov 2016 | Secondary share transfer | Undisclosed | Buyer: Moribus Holdings Pte Limited Seller: Virtuous Retail Pte Limited, Virtuous Retail Limited |
| Feb 2015 | Debt financing | ₹448 Cr | Investors: Argos Holdings Pte Limited |
| Mar 2013 | Debt financing | ₹470.68 Cr | Investors: Virtuous Retail Pte Limited |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: Virtuous Retail Limited Seller: an individual |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of VR Dakshin Private Limited
VR Dakshin Private Limited has 87 court cases on record: 31 filed by VR Dakshin, 54 filed against it, 2 where it is another party. 20 cases are pending and 67 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 77 | 45 | 19 |
| District courts | 8 | 7 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 87)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by SCM Silks Private Limited | Pending |
| Madras High Court | Court case (OSA(CAD)) | Filed against the company by SCM Silks Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Puma Sports India Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against SNNR Private Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Sports and Leisure Apparel Limited | Pending |
Full case history
All 87 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by VR Dakshin Private Limited
VR Dakshin Private Limited has 13 MSME Form 1 returns on record between 2022 and 2024, listing 202 overdue payments to 48 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 (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Sree Provision Stores | •••• | •••• | •••• |
| Aba Aqua Tech Private Limited | •••• | •••• | •••• |
| A.P.Electrical Agencies | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at VR Dakshin Private Limited
VR Dakshin Private Limited has a workforce of 100 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on VR Dakshin Private Limited
VR Dakshin Private Limited has 33 board changes on record since 2008: 5 appointments and 28 cessations. The latest: Sanjeev Jain Kumar was appointed as Director on 31 Mar 2023.
51 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for VR Dakshin Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of VR Dakshin Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of VR Dakshin Private Limited
VR Dakshin has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACS1883J1Z0 | Karnataka | Active | 01 Jul 2017 |
| 29AAACS1883J3ZY | Karnataka | Active | 01 Jul 2017 |
| 29AAACS1883J4ZX | Karnataka | Active | 01 Jul 2017 |
| 29AAACS1883J5ZW | Karnataka | Active | 22 May 2025 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of VR Dakshin Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about VR Dakshin Private Limited
VR Dakshin is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 September 1987 (39+ years old) and is registered under CIN U74899KA1987PTC070519.
VR Dakshin reported revenue of ₹204 Cr for FY 2023 (up 14% YoY).
VR Dakshin has 5 current directors:
- Tariq Maqbool Chinoy - Nominee Director
- Sumi Gupta - Director
- Pradeep Jyoti Banerjee - Nominee Director
- Sanjeev Jain Kumar - Director
- Jay Viresh Dayani - Director
VR Dakshin reported a net loss of ₹93.51 Cr (net margin -45.8%) and EBITDA of ₹106.48 Cr (EBITDA margin 52.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of VR Dakshin is -7% over three years and 21% over five years. In the latest year (FY 2023) revenue rose 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of VR Dakshin is 29AAACS1883J1Z0, registered in Karnataka. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAACS1883J3ZY (Karnataka), 29AAACS1883J4ZX (Karnataka), 29AAACS1883J5ZW (Karnataka).
The CIN (Corporate Identification Number) of VR Dakshin is U74899KA1987PTC070519. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VR Dakshin has 87 court cases on record: 31 filed by the company and 54 filed against it. 20 are pending. Most are in the high courts.
VR Dakshin was incorporated on 08 September 1987, making it 39+ years old. It is registered with the Registrar of Companies, Bangalore.
VR Dakshin has 9 deals on record (3 debt financings, 3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1,281.87 Cr; the latest was in June 2022.
The peers of VR Dakshin by revenue are Infinite Traders Private Limited, Asf Infrastructure Private Limited, Spectra Constructions and Infrastructure Private Limited, Destiny Retail Mall Developers Private Limited, Relationship Properties Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Sanjeev Jain Kumar was appointed as Director on 31 Mar 2023. Pradeep Jyoti Banerjee was appointed as Nominee Director on 10 Mar 2023. Jay Viresh Dayani ceased to be Additional Director on 23 Dec 2022. VR Dakshin has 33 board changes on record in total.