Vrihis Properties Private Limited
About Vrihis Properties Private Limited
Data last updated:
Vrihis Properties Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kairos Property Managers Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 March 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2016PTC274219. Its GSTIN is 27AADCH8388N1ZQ (Maharashtra).
The company had an authorised share capital of ₹102.01 Cr and a paid-up capital of ₹101.04 Cr. It was formerly known as Hgp Knowledge Private Limited. It was led by directors Mahavir Ishwarlal Jain and Pawan Kumar Kakumanu.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 401&402 4th Floor Delphi A Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2022, the company reported a revenue of ₹488.23 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹115.03 Cr (net margin -23.6%) and EBITDA of ₹378.81 Cr (EBITDA margin 77.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 22% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 7 deals on record (3 secondary share transfers, 2 debt financings, 1 rights issue), with disclosed funding of ₹427.91 Cr; the latest was in April 2022. Its 6 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 3 smaller; the largest is DLF Assets Limited with revenue of ₹502.34 Cr. The company has 35 MSME Form 1 returns on record between 2017 and 2023, listing 879 overdue payments to 60 micro and small suppliers.
Company details
CIN history
Vrihis Properties has one previous CIN (Corporate Identification Number): U45400MH2016PTC274219. The current CIN is U70100MH2016PTC274219, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100MH2016PTC274219 | Current |
| U45400MH2016PTC274219 | Previous |
Contact details
Vrihis Properties Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address401&402 4th Floor Delphi A Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vrihis 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 Vrihis Properties 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 Vrihis Properties Private Limited, buy the company report.
Financials of Vrihis Properties Private Limited
FY 2022 filings availableVrihis Properties Private Limited reported revenue of ₹488.23 Cr (up 2% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 2% growth in the latest year. EBITDA fell 3% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹488.23 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹378.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹115.03 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77.6% | ||||
| Net Profit Margin | -23.6% | ||||
| 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 Vrihis Properties Private Limited, buy the company report.
Board of directors of Vrihis Properties Private Limited
Vrihis Properties 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 |
|---|---|---|---|---|
| Pawan Kumar Kakumanu | Additional Director | 19 Jan 2023 | 3 Years 9 Months | As last reported |
| Mahavir Ishwarlal Jain | Director | 23 Sep 2021 | 5 Years 1 Months | As last reported |
Peer comparison
Vrihis Properties Private Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DLF Assets Limited | ₹502.34 Cr (FY 2025) | 13.0% | Gurugram, Haryana, India | |||
| Atmosphere Realty Private Limited | ₹491.05 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Godrej Real View Developers Private Limited | ₹490.15 Cr (FY 2025) | 633.0% | Mumbai, Maharashtra, India | |||
| Vrihis Properties Private Limitedthis company | ₹488.23 Cr (FY 2022) | -₹115.03 Cr | -23.6% | 2.0% | Mumbai, Maharashtra, India | |
| South City Projects (Kolkata) Limited | ₹488.08 Cr (FY 2024) | -16.0% | Kolkata, West Bengal, India | |||
| Gillco Developers and Builders Private Limited | ₹484.43 Cr (FY 2023) | 442.0% | Kharar, Punjab, India | |||
| Paliwal Real Estate Limited | ₹483.22 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Vrihis Properties Private Limited, buy the company report.
Auditor
Vrihis Properties Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Vrihis 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 Vrihis Properties Private Limited, buy the company report.
Deals & funding
Vrihis Properties Private Limited has 7 deals on record (3 secondary share transfers, 2 debt financings, 1 rights issue), with disclosed funding of ₹427.91 Cr; the latest was in April 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Debt financing | ₹66.51 Cr | Investors: Brookfield |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Brookfield Seller: Armadillo Realty LLP , Aardvark Realty LLP , Aardvark Constructions LLP , an individual |
| Aug 2017 | Funding round | ₹100 Cr | Investors: Aardvark Realty LLP , Armadillo Realty LLP , 2 individuals |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Aardvark Constructions LLP , Aardvark Properties & Infrastructure LLP , Armadillo Constructions LLP Seller: 2 individuals |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Aardvark Realty LLP , Armadillo Realty LLP , an individual Seller: an individual |
To see the full deal history of Vrihis Properties Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vrihis Properties Private Limited has 2 court cases on record: 1 filed by Vrihis Properties, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Jet Aircraft Maintenance Engineers Welfare Association Through Its Authorised Signatory Registered Office At:Jamewa, A-101, Laxmi Palace Society, Shahaji Raje Road, Vile-Parle- East, ,Mumbai , Maharashtra | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Vrihis 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
Vrihis Properties Private Limited has 35 MSME Form 1 returns on record between 2017 and 2023, listing 879 overdue payments to 60 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 60)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VL Astra Engineers (India) Private Limited | |||
| Radhika Maintenance Services | |||
| White Wonder Aqua | |||
| Insta Mark Private Limited | |||
| Aryan Essentials Private Limited |
To see the full MSME payment records of Vrihis Properties Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vrihis Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCH8388N1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vrihis Properties Private Limited, buy the company report.
Recent activity
Vrihis Properties Private Limited has 9 board changes on record since 2018: 2 appointments and 7 cessations. The latest: Pawan Kumar Kakumanu was appointed as Additional Director on 19 Jan 2023.
Frequently asked questions
Vrihis Properties has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vrihis Properties was a private limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 March 2016 and is registered under CIN U70100MH2016PTC274219. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vrihis Properties was incorporated on 11 March 2016. It is registered with the Registrar of Companies, Mumbai.
Vrihis Properties had 2 directors:
- Pawan Kumar Kakumanu - Additional Director
- Mahavir Ishwarlal Jain - Director
The CIN (Corporate Identification Number) of Vrihis Properties is U70100MH2016PTC274219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vrihis Properties is at 401&402 4th Floor Delphi A Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076.
The latest financial statements of Vrihis Properties on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Vrihis Properties is 27AADCH8388N1ZQ, registered in Maharashtra.
Vrihis Properties operated in the real estate and construction industry, in the real estate builders and developers segment.
Vrihis Properties has 7 deals on record (3 secondary share transfers, 2 debt financings, 1 rights issue), with disclosed funding of ₹427.91 Cr; the latest was in April 2022.
The peers of Vrihis Properties by revenue are DLF Assets Limited, Atmosphere Realty Private Limited, Godrej Real View Developers Private Limited, South City Projects (Kolkata) Limited, Gillco Developers and Builders Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Vrihis Properties has 35 MSME Form 1 returns on record between 2017 and 2023, listing 879 overdue payments to 60 micro and small suppliers. The latest return was filed on 29 Aug 2023.