About VSPL Projects Private Limited
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VSPL Projects Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Vikram Structures Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2015PTC081814. Its GSTIN is 29AAFCV1819G1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manjunath Ravindra and Vikram Prabhakar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2nd Floor No. 22 5th A Main Road Near Baptist Hospital, Bangalore, Karnataka, India – 560024.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.36 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.83 Lakh (net margin 0.8%) and EBITDA of ₹4.28 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years.
The company is associated with 1 brand: VSPL. As per MCA filings, the company has open charges of ₹22 Cr on record. Court records list 25 cases involving the company, including 1 filed by the company and 24 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vspl.org.
Company details
Contact details
VSPL Projects Private Limited's registered office is in Bangalore, Karnataka. Its website is vspl.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor No. 22 5th A Main Road Near Baptist Hospital, Bangalore, Karnataka, India – 560024
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of VSPL Projects 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 VSPL Projects 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 VSPL Projects Private Limited, buy the company report.
Financials of VSPL Projects Private Limited
FY 2019 filings availableVSPL Projects Private Limited reported revenue of ₹3.36 Cr (up 12% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 48% over three years, including 12% growth in the latest year. EBITDA rose 48% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹3.36 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.28 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.83 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.3% | |||
| Net Profit Margin | 0.8% | |||
| 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 | ||||
To see the full financial statements and ratios of VSPL Projects Private Limited, buy the company report.
Board of directors of VSPL Projects Private Limited
VSPL Projects has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjunath Ravindra Also directs: Ramsons Vikram Private Limited | Director | 27 Jul 2015 | 11 Years 3 Months | Current |
| Vikram Prabhakar Also directs: Ramsons Vikram Private Limited | Director | 27 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
VSPL Projects Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Valiant Real Estate Private Limited | ₹3.36 Cr (FY 2024) | 8590.0% | Mathura, Uttar Pradesh, India | |||
| Concept Townships and Estate Developers Private Limited | ₹3.36 Cr (FY 2024) | Thane, Maharashtra, India | ||||
| Shree Sai Multicon Private Limited | ₹3.36 Cr (FY 2025) | -2.0% | Kolhapur, Maharashtra, India | |||
| VSPL Projects Private Limitedthis company | ₹3.36 Cr (FY 2019) | ₹2.83 Lakh | 0.8% | 12.0% | Bangalore, Karnataka, India | |
| Shaligram Buildcon Private Limited | ₹3.36 Cr (FY 2025) | 11.0% | Ahmedabad, Gujarat, India | |||
| Dilip Developers and Constructions Private Limited | ₹3.36 Cr (FY 2024) | -35.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of VSPL Projects Private Limited, buy the company report.
Shareholding
The shareholding of VSPL Projects Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of VSPL Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2015 | 10619630 | Il & Fs Trust Company Limited | ₹22 Cr | Open |
Total charge records: 1 View all charges
Legal cases
VSPL Projects Private Limited has 25 court cases on record: 1 filed by VSPL Projects, 24 filed against it. 6 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 6 |
| High courts | 6 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Vistra Itcl India Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary case) | Filed against the company by Vistra Itcl India Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed against the company by Vistra Itcl (India) Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Vistra Itcl India Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Saravana Esplanade Owners Welfare Association R | Pending |
To see the full case history of VSPL Projects 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 VSPL Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VSPL Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCV1819G1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VSPL Projects Private Limited, buy the company report.
Recent activity
VSPL Projects Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Aishwarya Gummareddy Byrareddy ceased to be Director on 23 Nov 2017.
Frequently asked questions
VSPL Projects is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 July 2015 (11+ years old) and is registered under CIN U70100KA2015PTC081814.
VSPL Projects has 2 current directors:
- Manjunath Ravindra - Director
- Vikram Prabhakar - Director
The latest financial statements of VSPL Projects on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of VSPL Projects is 29AAFCV1819G1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of VSPL Projects is U70100KA2015PTC081814. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSPL Projects has 25 court cases on record: 1 filed by the company and 24 filed against it. 6 are pending. Most are in the district courts.
VSPL Projects was incorporated on 27 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of VSPL Projects by revenue are Valiant Real Estate Private Limited, Concept Townships and Estate Developers Private Limited, Shree Sai Multicon Private Limited, Shaligram Buildcon Private Limited, Dilip Developers and Constructions Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Aishwarya Gummareddy Byrareddy ceased to be Director on 23 Nov 2017. Deepu Vijayanath ceased to be Director on 04 May 2017. Saurabh Satyendra Gupta ceased to be Nominee Director on 28 Feb 2017. VSPL Projects has 6 board changes on record in total.
VSPL Projects can be reached through the website vspl.org. Its registered office is in Bangalore, Karnataka, India.
The registered office of VSPL Projects is at 2nd Floor No. 22 5th A Main Road Near Baptist Hospital, Bangalore, Karnataka, India – 560024.
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