Warasgaon Assets Maintenance Limited
About Warasgaon Assets Maintenance Limited
Data last updated:
Warasgaon Assets Maintenance Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Lavasa Corporation Limited. It operates in the asset management firms segment of the financial services sector. It was incorporated on 24 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2011PLC219078. Its GSTIN is 27AABCW1179L1ZY (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹8.1 Cr and a paid-up capital of ₹7.09 Cr. It is led by directors including Avinash Jaigovind Harde and Hamshire Rodriguez.
Its last annual general meeting (AGM) was held on 15 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Hincon House Lal Bahadur Shastri Marg, Mumbai, Maharashtra, India – 400083.
As per the financials filed for FY 2017, the company reported a revenue of ₹62.72 Cr, a growth of 149% compared to the previous year. For the same year it recorded a net loss of ₹62.46 Cr (net margin -99.6%) and EBITDA of ₹60.32 Cr (EBITDA margin 96.2%).
The company has about 19 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,732.68 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it. The company has 18 deals on record (14 funding rounds, 2 rights issues, 2 acquisitions), with disclosed funding of ₹149 Cr; the latest was in July 2017.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Warasgaon Assets Maintenance Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressHincon House Lal Bahadur Shastri Marg, Mumbai, Maharashtra, India – 400083
- IndustryFinancial Services, Asset Management Firms
To see the full contact details of Warasgaon Assets Maintenance 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 Warasgaon Assets Maintenance is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
Financials of Warasgaon Assets Maintenance Limited
FY 2017 filings availableWarasgaon Assets Maintenance Limited reported revenue of ₹62.72 Cr (up 149% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 149% in the latest year. EBITDA rose 197% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹62.72 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹60.32 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹62.46 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 96.2% | ||
| Net Profit Margin | -99.6% | ||
| 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 Warasgaon Assets Maintenance Limited, buy the company report.
Board of directors of Warasgaon Assets Maintenance Limited
Warasgaon Assets Maintenance has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Jaigovind Harde Also directs: Rosebay Hotels Limited, Warasgaon Tourism Limited, Hill City Service Apartments Limited and 5 more | Director | 24 Mar 2017 | 9 Years 7 Months | Current |
| Vikram Balakrishan Manoharan Also directs: Warasgaon Power Supply Limited, Our Home Service Apartments Limited, Warasgaon Infrastructure Providers Limited and 1 more | Additional Director | 15 Jun 2018 | 8 Years 4 Months | Current |
| Hamshire Rodriguez Also directs: Warasgaon Power Supply Limited, Rosebay Hotels Limited, Warasgaon Tourism Limited and 1 more | Director | 24 Apr 2013 | 13 Years 6 Months | Current |
Auditor
Warasgaon Assets Maintenance Limited is audited by G D APTE & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G D APTE & CO | FY 2017 | 100515W |
Shareholding
The shareholding of Warasgaon Assets Maintenance Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Warasgaon Assets Maintenance Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2015 | 10598410 | Others | ₹2,237.68 Cr | Open | |
| 22 Jun 2012 | 10366284 | Others | ₹495 Cr | Open |
To see the full charge records of Warasgaon Assets Maintenance Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Warasgaon Assets Maintenance Limited has 18 deals on record (14 funding rounds, 2 rights issues, 2 acquisitions), with disclosed funding of ₹149 Cr; the latest was in July 2017.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Funding round | ₹3.59 Cr | Investors: Lavasa Corporation Limited |
| Apr 2017 | Funding round | ₹32.49 Cr | Investors: Lavasa Corporation Limited |
| Jan 2017 | Funding round | ₹25.88 Cr | Investors: Lavasa Corporation Limited |
| Dec 2016 | Rights issue | ₹19.64 Cr | Investors: Lavasa Corporation Limited |
| Oct 2016 | Rights issue | ₹30,000 | Investors: Lavasa Corporation Limited |
To see the full deal history of Warasgaon Assets Maintenance 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
Warasgaon Assets Maintenance Limited has 4 court cases on record: 1 filed by Warasgaon Assets Maintenance, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Novatek Electro Engineers Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Novatek Electro Engineers Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The Asstt. PF Commissioner and Anr. | Disposed |
To see the full case history of Warasgaon Assets Maintenance 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 Warasgaon Assets Maintenance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Warasgaon Assets Maintenance Limited has a workforce of 19 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
GST
Warasgaon Assets Maintenance has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW1179L1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Warasgaon Assets Maintenance Limited, buy the company report.
Recent activity
Warasgaon Assets Maintenance Limited has 12 board changes on record since 2012: 3 appointments and 9 cessations. The latest: Avinash Jaigovind Harde ceased to be Director on 28 Mar 2019.
7 earlier events are in the company report.
Frequently asked questions
Warasgaon Assets Maintenance is an active public limited company based in Mumbai, Maharashtra, India. The company works in asset management firms, within the financial services industry. It was incorporated on 24 June 2011 (15+ years old) and is registered under CIN U74990MH2011PLC219078.
Warasgaon Assets Maintenance has 3 current directors:
- Avinash Jaigovind Harde - Director
- Vikram Balakrishan Manoharan - Additional Director
- Hamshire Rodriguez - Director
The latest financial statements of Warasgaon Assets Maintenance on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 15 September 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Warasgaon Assets Maintenance is 27AABCW1179L1ZY, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Warasgaon Assets Maintenance is U74990MH2011PLC219078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Warasgaon Assets Maintenance has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the district courts.
Warasgaon Assets Maintenance was incorporated on 24 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Warasgaon Assets Maintenance has 18 deals on record (14 funding rounds, 2 rights issues, 2 acquisitions), with disclosed funding of ₹149 Cr; the latest was in July 2017.
Avinash Jaigovind Harde ceased to be Director on 28 Mar 2019. Hamshire Rodriguez ceased to be Director on 28 Mar 2019. David Rengaraj Amalraj ceased to be Director on 15 Jun 2018. Warasgaon Assets Maintenance has 12 board changes on record in total.
The registered office of Warasgaon Assets Maintenance is at Hincon House Lal Bahadur Shastri Marg, Mumbai, Maharashtra, India – 400083.