About Xrbia Warai Developers Private Limited
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Xrbia Warai Developers Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Xrbia Developers Limited. 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 16 May 2013.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U45200PN2013PTC147405. Its GSTIN is 27AALCA6962B1ZM (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.33 Lakh. It was formerly known as Aarini Developers Private Limited. It is led by directors Rahul Rasiklal Nahar and Kailash Kumar.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mantri House 1st Floor 929 F.C.Road, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2021, the company reported a revenue of ₹40.02 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net loss of ₹6.18 Lakh (net margin -0.2%) and EBITDA of ₹18.1 Cr (EBITDA margin 45.2%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years.
The company has about 193 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹774.99 Cr and satisfied charges of ₹150 Cr on record. Court records list 38 cases involving the company, including 19 filed by the company and 19 filed against it; 11 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in March 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 1 larger and 2 smaller; the largest is Sapphire Infraventures Private Limited with revenue of ₹40.06 Cr.
The last known website on record is xrbia.com.
Company details
Contact details
Xrbia Warai Developers Private Limited's registered office is in Pune, Maharashtra. Its website is xrbia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMantri House 1st Floor 929 F.C.Road, Pune, Maharashtra, India – 411004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Xrbia Warai Developers 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 Xrbia Warai Developers 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 Xrbia Warai Developers Private Limited, buy the company report.
Financials of Xrbia Warai Developers Private Limited
FY 2021 filings availableXrbia Warai Developers Private Limited reported revenue of ₹40.02 Cr (up 3% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 3% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 23%. EBITDA rose 6% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹40.02 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹18.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.18 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.2% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Xrbia Warai Developers Private Limited, buy the company report.
Board of directors of Xrbia Warai Developers Private Limited
Xrbia Warai Developers has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Rasiklal Nahar Also directs: Nahar Homes LLP, Eden Builders Private Limited, Aarini Homes Private Limited and 4 more | Director | 18 Nov 2016 | 9 Years 11 Months | As last reported |
| Kailash Kumar | Director | 04 Jul 2019 | 7 Years 3 Months | As last reported |
Peer comparison
Xrbia Warai Developers Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sapphire Infraventures Private Limited | ₹40.06 Cr (FY 2024) | 71.0% | Lucknow, Uttar Pradesh, India | |||
| Xrbia Warai Developers Private Limitedthis company | ₹40.02 Cr (FY 2021) | -₹6.18 Lakh | -0.2% | 3.0% | 193 | Pune, Maharashtra, India |
| Pranami Builders Private Limited | ₹39.97 Cr (FY 2025) | 282.0% | Ranchi, Jharkhand, India | |||
| Saket Engineers Private Limited | ₹39.93 Cr (FY 2025) | -35.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Xrbia Warai Developers Private Limited, buy the company report.
Auditor
Xrbia Warai Developers Private Limited is audited by RAJNIKANT MISTRY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJNIKANT MISTRY & CO | FY 2021 | 127753W |
Shareholding
The shareholding of Xrbia Warai Developers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Xrbia Warai Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2021 | 100507725 | Others | ₹13 Cr | Open | |
| 12 Nov 2021 | 100507721 | Others | ₹6.99 Cr | Open | |
| 12 Nov 2021 | 100507863 | Others | ₹6 Cr | Open | |
| 12 Nov 2021 | 100507742 | Others | ₹29 Cr | Open | |
| 24 Jun 2021 | 100456149 | Others | ₹10 Cr | Open |
To see the full charge records of Xrbia Warai Developers Private Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Xrbia Warai Developers Private Limited has 2 deals on record (2 rights issues); the latest was in March 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Rights issue | ₹10 Cr | Investors: Xrbia Developers Limited |
| Oct 2016 | Rights issue | ₹10 Cr | Investors: Xrbia Developers Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Xrbia Warai Developers Private Limited has 38 court cases on record: 19 filed by Xrbia Warai Developers, 19 filed against it. 11 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 28 | 10 | 9 |
| NCLT | 5 | 5 | 0 |
| High courts | 4 | 3 | 2 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 38)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Accurate Powertech India Pvt Ltd Through Amol Nigde | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Asset Reconstruction Company India Ltd Through Asst Vice President Mrs Jyoti Bhavsar | Pending |
| High Court | Court case (COARP) | Filed against the company by Pipal Tree Ventures Pvt Ltd | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Indiabulls Distribution Services Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Indiabulls Distribution Services Ltd | Disposed |
To see the full case history of Xrbia Warai Developers 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.
Credit ratings & regulatory alerts
Xrbia Warai Developers Private Limited was last rated by Icra on 30 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jun 2020 |
To see the full credit ratings and regulatory alerts of Xrbia Warai Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Xrbia Warai Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Xrbia Warai Developers has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Extensa Developers Private Limited | U74910MH2008PTC178718 |
To see the full group structure of Xrbia Warai Developers Private Limited, buy the company report.
Employees & EPFO
Xrbia Warai Developers Private Limited has a workforce of 193 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Xrbia Warai Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCA6962B1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Xrbia Warai Developers Private Limited, buy the company report.
Recent activity
Xrbia Warai Developers Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Kailash Kumar was appointed as Director on 04 Jul 2019.
23 earlier events are in the company report.
Frequently asked questions
Xrbia Warai Developers 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.
Xrbia Warai Developers is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 May 2013 and is registered under CIN U45200PN2013PTC147405. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Xrbia Warai Developers has 2 current directors:
- Rahul Rasiklal Nahar - Director
- Kailash Kumar - Director
The latest financial statements of Xrbia Warai Developers on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Xrbia Warai Developers is U45200PN2013PTC147405. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xrbia Warai Developers has open charges of ₹774.99 Cr and satisfied charges of ₹150 Cr as per latest MCA filings.
Xrbia Warai Developers has 38 court cases on record: 19 filed by the company and 19 filed against it. 11 are pending. Most are in the district courts.
Xrbia Warai Developers was incorporated on 16 May 2013. It is registered with the Registrar of Companies, Pune.
Xrbia Warai Developers has 2 deals on record (2 rights issues); the latest was in March 2017.
The peers of Xrbia Warai Developers by revenue are Sapphire Infraventures Private Limited, Pranami Builders Private Limited, Saket Engineers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Kailash Kumar was appointed as Director on 04 Jul 2019. Yogesh Narayan Nikam ceased to be Director on 04 Jul 2019. Hitendra Hari Patil ceased to be Director on 18 Nov 2016. Xrbia Warai Developers has 7 board changes on record in total.
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