Zeal Developers Private Limited
About Zeal Developers Private Limited
Data last updated:
Zeal Developers Private Limited is a private limited company based in New Delhi, Delhi, 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 08 September 2006.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45200DL2006PTC153351. Its GSTIN is 09AAACZ3082E1ZB (Uttar Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹24.9 Lakh and a paid-up capital of ₹23.93 Lakh. It is led by directors Rajnish Kumar and Naresh Kumar Bhatti.
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 is at M – 113 Basement Site No – 1 New Rajender Nagar, New Delhi, Delhi, India – 110060.
As per the financials filed for FY 2022, the company reported a revenue of ₹1.63 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -86.6%) and EBITDA of -₹1.36 Cr (EBITDA margin -83.4%). Revenue has grown at a compounded annual rate (CAGR) of 207% over three years and 146% over five years.
Court records list 22 cases involving the company, including 13 filed by the company and 11 filed against it; 1 case is pending.
Company details
Contact details
Zeal Developers Private Limited's registered office is in New Delhi, Delhi. Its e-mail address is in the company report.
- Email
- Registered AddressM – 113 Basement Site No – 1 New Rajender Nagar, New Delhi, Delhi, India – 110060
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Zeal 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 Zeal 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 Zeal Developers Private Limited, buy the company report.
Financials of Zeal Developers Private Limited
FY 2022 filings availableZeal Developers Private Limited reported revenue of ₹1.63 Cr (up 68% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 146% over five years, including 68% growth in the latest year. EBITDA rose 51% 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 |
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| EBITDA | -₹1.36 Cr | ||||
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| Net Profit (PAT) | -₹1.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | -83.4% | ||||
| Net Profit Margin | -86.6% | ||||
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To see the full financial statements and ratios of Zeal Developers Private Limited, buy the company report.
Board of directors of Zeal Developers Private Limited
Zeal Developers has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Kumar | Director | 06 Jun 2020 | 6 Years 5 Months | As last reported |
| Naresh Kumar Bhatti | Additional Director | 31 Aug 2021 | 5 Years 2 Months | As last reported |
Peer comparison
Zeal Developers Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Con-Tech Projects and Infra Private Limited | ₹1.63 Cr (FY 2025) | -49.0% | Kolhapur, Maharashtra, India | |||
| Zeal Developers Private Limitedthis company | ₹1.63 Cr (FY 2022) | -₹1.41 Cr | -86.6% | 68.0% | New Delhi, Delhi, India | |
| Manturam Infrastructure Private Limited | ₹1.63 Cr (FY 2025) | -59.0% | Kolkata, West Bengal, India | |||
| Daliya Builders and Developers Private Limited | ₹1.63 Cr (FY 2021) | -48.0% | Kozhikode, Kerala, India | |||
| Prescon Homes Private Limited | ₹1.62 Cr (FY 2024) | 232.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Zeal Developers Private Limited, buy the company report.
Auditor
Zeal Developers Private Limited is audited by GUPTA JALAN & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA JALAN & ASSOCIATES | FY 2020 | 003721N |
Shareholding
The shareholding of Zeal Developers Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Zeal Developers Private Limited, buy the company report.
Legal cases
Zeal Developers Private Limited has 22 court cases on record: 13 filed by Zeal Developers, 11 filed against it. 1 case is pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 6 | 0 |
| High courts | 5 | 2 | 0 |
| NCLAT | 3 | 2 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Zeal Developers Private Limited and 2 others | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by HRK Associates LLP | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Zeal Developers Private Limited | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by SLV Marketing Private Limited | Disposed |
| District court, Central, Delhi | Court case (OMP (E) (COMM.)) | Filed against the company by Zeal Developers Pvt. Ltd. | Disposed |
To see the full case history of Zeal 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Zeal Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Zeal Developers has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACZ3082E1ZB | Uttar Pradesh | Active | 14 Sep 2017 |
To see the full GST registrations and return filing status of Zeal Developers Private Limited, buy the company report.
Recent activity
Zeal Developers Private Limited has 10 board changes on record since 2010: 2 appointments and 8 cessations. The latest: Ajay Singh ceased to be Director on 01 Sep 2021.
1 earlier event is in the company report.
Frequently asked questions
Zeal 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.
Zeal Developers is a company under insolvency, formerly operating as a private limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 08 September 2006 and is registered under CIN U45200DL2006PTC153351. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Zeal Developers has 2 current directors:
- Rajnish Kumar - Director
- Naresh Kumar Bhatti - Additional Director
The latest financial statements of Zeal Developers 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Zeal Developers is U45200DL2006PTC153351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zeal Developers has 22 court cases on record: 13 filed by the company and 11 filed against it. 1 is pending. Most are in the district courts.
Zeal Developers was incorporated on 08 September 2006. It is registered with the Registrar of Companies, Delhi.
The peers of Zeal Developers by revenue are Con-Tech Projects and Infra Private Limited, Manturam Infrastructure Private Limited, Daliya Builders and Developers Private Limited, Prescon Homes Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Ajay Singh ceased to be Director on 01 Sep 2021. Naresh Kumar Bhatti was appointed as Additional Director on 31 Aug 2021. Amit Mittal ceased to be Director on 06 Jun 2020. Zeal Developers has 10 board changes on record in total.
The registered office of Zeal Developers is at M – 113 Basement Site No – 1 New Rajender Nagar, New Delhi, Delhi, India – 110060.
The GSTIN of Zeal Developers is 09AAACZ3082E1ZB, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
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