Provenance Land Profile
Key Indicators
- Authorised Capital ₹ 246.11 Cr
- Paid Up Capital ₹ 126.09 Cr
- Company Age 23 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,290.00 Cr
- Satisfied Charges ₹ 1,706.08 Cr
- Revenue Growth -0.76%
- Profit Growth 24.03%
- Ebitda 672.45%
- Net Worth -19.28%
- Total Assets 27.25%
About Provenance Land
Provenance Land Private Limited (PLPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 13 November 2001 and has a history of 23 years and three months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Magus Estates And Hotels Limited. The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 246.11 Cr and a paid-up capital of Rs 126.09 Cr.
The company currently has active open charges totaling ₹1,290.00 Cr. The company has closed loans amounting to ₹1,706.08 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Provenance Land Private Limited India is Karishma Adhikari as COMPANY SECRETARY. Adarsh Jatia, Rajkumar Jatia, and David Lang serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U99999MH2001PTC255339
- Company No.
255339
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
13 Nov 2001
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Real Estate and Construction
Travel and Hospitality
Who are the key members and board of directors at Provenance Land?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Adarsh Jatia  | Managing Director | 01-Apr-2013 | Current |
| Karishma Adhikari | Company Secretary | 16-Aug-2023 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rajkumar Jatia | Director | 13-Nov-2001 | Current |
David Lang  | Director | 29-Jan-2024 | Current |
Financial Performance of Provenance Land.
Provenance Land Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 0.76% decrease. The company also saw a substantial improvement in profitability, with a 24.03% increase in profit. The company's net worth observed a substantial decline by a decrease of 19.28%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Provenance Land?
In 2022, Provenance Land had a promoter holding of 39.16% and a public holding of 60.84%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Provenance Realty Private Limited
Adarsh Jatia is a mutual person
Provenance Advisory & Renewable Energy L LpAdarsh Jatia is a mutual person
- South Shore Developers Private Limited
Adarsh Jatia is a mutual person
- Emerald City Developers Private Limited
Adarsh Jatia is a mutual person
- Provenance Assets Private Limited
Adarsh Jatia is a mutual person
- Zeus Beverages Private Limited
Adarsh Jatia is a mutual person
Charges (Loans)
Open Charges
₹1,290.00 Cr
Satisfied Charges
₹1,706.08 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 1290.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2023 | Idbi Trusteeship Services Limited | ₹590.00 Cr | Open |
| 19 Jan 2022 | Idbi Trusteeship Services Limited | ₹700.00 Cr | Open |
| 31 Dec 2018 | Others | ₹15.00 Cr | Satisfied |
| 07 Feb 2018 | Others | ₹235.00 Cr | Satisfied |
| 25 Jan 2018 | Axis Bank Limited | ₹20.00 Cr | Satisfied |
How Many Employees Work at Provenance Land?
Provenance Land has a workforce of 1 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Provenance Land, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Provenance Land's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Provenance Land
Recent activity within the organization
- Director Appointment
David Lang was appointed as a Director was appointed as a Director on 29 Jan 2024 & has been associated with this company since 1 year 1 month .
- Annual General Meeting
Provenance Land Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 590.00 Cr with Charge ID 100795349 was registered on 27 Sep 2023.
- Director Appointment
Karishma Adhikari was appointed as a Company Secretary was appointed as a Company Secretary on 16 Aug 2023 & has been associated with this company since 1 year 6 months .
- Balance Sheet
Provenance Land Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 700.00 Cr registered on 19 Jan 2022 with Charge ID 100544695 was modified on 06 Jul 2022.
Recent News, Updates & Announcement
- GIC's Rs 1,000 crore investment in Provenance Land marks second major deal in India, eyes potential for future collaborations.
GIC buys 49% of Provenance Land for Rs 1,000 crore. This is their second big deal in India after buying DLF's rental arm. They will develop a mixed-use project in Mumbai with commercial, residential, and hotel properties. GIC is interested in these assets in India. They may work together on other projects too. Provenance Land will invest $250 million. GIC believes this project will bring good returns. They have been investing in Indian real estate for a long time and are now more aggressive. Other global investors are also investing in Indian real estate. They are interested in commercial properties and are excited about the new policy reforms. They may also invest in Real Estate Investment Trusts (REITs)..
- Singapore’s GIC set to buy up to 50% in Provenance Land.
GIC and Jatias Provenance Land will develop a commercial project on a two-acre land property adjacent to the existing hotel and residential project site in Worli. .
- Provenance Land to raise Rs1,000 crore from private equity funds | Mint.
Provenance Land will use the funding to build a 600,000 sq. ft premium office tower at Worli in Mumbai and buy land for future mixed-use projects.
- GIC in talks to buy 50 per cent in Provenance Land.
GIC is set to enter into a binding agreement with Provenance Land over the next few days. Deal valuations and exact quantum will be negotiated over the next few weeks following this agreement..
Frequently asked questions
What is the Incorporation or founding date of Provenance Land Private Limited?
Provenance Land Private Limited was incorporated on 13 Nov 2001.
What is authorized share capital and paid-up capital of Provenance Land Private Limited?
The authorized share capital of Provenance Land Private Limited is ₹ 246.11 Cr and paid-up capital is ₹ 126.09 Cr.
Who are the current board members & directors of Provenance Land Private Limited?
Currently 4 directors are associated with Provenance Land Private Limited.
- Adarsh Rajkumar Jatia
- Rajkumar Subhkaran Jatia
- David Lang
- Karishma Adhikari
What is the registered address of Provenance Land Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Provenance Land Private Limited is Plot No 1/136 Dr. E. Moses Road Near Jijamata Nagar, Worli India, Mumbai, Maharashtra, 400018.
What is the corporate identification number (CIN) and company number of Provenance Land Private Limited?
The corporate identification number (CIN) of Provenance Land Private Limited is U99999MH2001PTC255339 and the company number is 255339 as per Ministry of Corporate Affairs (MCA).
What is the official website of Provenance Land Private Limited?
The Official website of Provenance Land Private Limited is https://www.provenanceland.com
What has been the recent revenue trend for Provenance Land Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Provenance Land Private Limited has fallen by -0.76%.
How many employees does Provenance Land Private Limited currently have?
As Per 2022 financial reports, 1 employees are currently employed by Provenance Land Private Limited.
What change has been observed in the net worth of Provenance Land Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Provenance Land Private Limited has experienced an downturn of -19.28%.
What are the total open charges for Provenance Land Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Provenance Land Private Limited amount to ₹ 1,290.00 Cr.
When was the last Balance Sheet of Provenance Land Private Limited filed with the ROC?
The most recent Balance Sheet for Provenance Land Private Limited was filed with the ROC on 31 Mar 2023.
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