Vr2 Land Development Private Limited
About Vr2 Land Development Private Limited
Data last updated:
Vr2 Land Development 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 07 May 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2007PTC170645.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Satra Land Development Private Limited and Bleu Noir Land Development Private Limited. It is led by directors Alpa Rahul Mehta and Sahara Ajani Murad.
Its last annual general meeting (AGM) was held on 20 April 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹19.03 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.46 Lakh (net margin 28.7%) and EBITDA of ₹11.19 Lakh (EBITDA margin 58.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 37% over five years.
Court records list 19 cases involving the company, including 5 filed by the company and 14 filed against it; 7 cases are pending.
Company details
Name history
Vr2 Land Development has undergone 3 name changes throughout its history. The company was previously known as Satra Land Development Private Limited, Bleu Noir Land Development Private Limited, and Vr2 Land Development Private Limited. The current legal name is Vr2 Land Development Private Limited.
| Company Name | Status |
|---|---|
| Vr2 Land Development Private Limited | Current |
| Satra Land Development Private Limited | Previous |
| Bleu Noir Land Development Private Limited | Previous |
Contact details
Vr2 Land Development 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. L – 34 Lower Ground Floor Prime Mall Besides Irla Church Irla Soc. Road Vile, Parle West, Mumbai, Maharashtra, India – 400056
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vr2 Land Development 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 Vr2 Land Development is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Vr2 Land Development Private Limited, buy the company report.
Financials of Vr2 Land Development Private Limited
FY 2023 filings availableVr2 Land Development Private Limited reported revenue of ₹19.03 Lakh (up 13624% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years. EBITDA rose 317% 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 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 | ₹19.03 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.46 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 58.8% | ||||
| Net Profit Margin | 28.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Vr2 Land Development Private Limited, buy the company report.
Board of directors of Vr2 Land Development Private Limited
Vr2 Land Development has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alpa Rahul Mehta Also directs: Ez Repair Services Private Limited | Director | 29 Mar 2022 | 4 Years 7 Months | As last reported |
| Sahara Ajani Murad | Director | 30 Jan 2021 | 5 Years 9 Months | As last reported |
Auditor
Vr2 Land Development Private Limited is audited by K A N H A & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A N H A & ASSOCIATES | FY 2023 | 025613C |
Shareholding
The shareholding of Vr2 Land Development 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 Vr2 Land Development Private Limited, buy the company report.
Legal cases
Vr2 Land Development Private Limited has 19 court cases on record: 5 filed by Vr2 Land Development, 14 filed against it. 7 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 17 | 14 | 7 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Asset Reconstruction Company (India) Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Asset Reconstruction Company India Limited | Disposed |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Asset Reconstruction Company India Limited | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Asset Reconstruction Company India Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Iifl Finance Limited and 3 others | Disposed |
To see the full case history of Vr2 Land Development 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
Vr2 Land Development Private Limited has 2 MSME Form 1 returns on record between 2019 and 2020, listing 2 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 |
|---|---|---|---|
| Kanha & Associates | |||
| GMJ & Co. |
To see the full MSME payment records of Vr2 Land Development Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
No GST registration is on our record for Vr2 Land Development Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vr2 Land Development Private Limited has 14 board changes on record since 2008: 2 appointments and 12 cessations. The latest: Alpa Rahul Mehta ceased to be Additional Director on 06 Sep 2022.
5 earlier events are in the company report.
Frequently asked questions
Vr2 Land Development 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.
Vr2 Land Development 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 07 May 2007 and is registered under CIN U70102MH2007PTC170645. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vr2 Land Development has 2 current directors:
- Alpa Rahul Mehta - Director
- Sahara Ajani Murad - Director
The latest financial statements of Vr2 Land Development on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 20 April 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Vr2 Land Development is U70102MH2007PTC170645. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vr2 Land Development has 19 court cases on record: 5 filed by the company and 14 filed against it. 7 are pending. Most are in the nclat.
Vr2 Land Development was incorporated on 07 May 2007. It is registered with the Registrar of Companies, Mumbai.
Alpa Rahul Mehta ceased to be Additional Director on 06 Sep 2022. Rushabh Praful Satra ceased to be Director on 31 Mar 2022. Alpa Rahul Mehta was appointed as Director on 29 Mar 2022. Vr2 Land Development has 14 board changes on record in total.
Vr2 Land Development has 2 MSME Form 1 returns on record between 2019 and 2020, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 10 Nov 2020.
The registered office of Vr2 Land Development is at Unit No. L – 34 Lower Ground Floor Prime Mall Besides Irla Church Irla Soc. Road Vile, Parle West, Mumbai, Maharashtra, India – 400056.
Vr2 Land Development operates in the real estate and construction industry, in the real estate builders and developers segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
