About D.Devaraj Urs Backward Classes Development Corporation Limited
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D.Devaraj Urs Backward Classes Development Corporation Limited is a private limited state government company based in Bangalore, Karnataka, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 28 October 1977 and has been in existence for over 49 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA1977SGC003237. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹550 Cr and a paid-up capital of ₹518.71 Cr. It was formerly known as The Karnataka Backward Classes and Minorities Development Corporation Limited. It is led by directors including Nataraj Ganjigere Ramegowda (Managing Director) and Dayananda Appajigowda Kesturkoppal.
Its last annual general meeting (AGM) was held on 28 June 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 4th Floor Devaraj Urs Bhavan 16/D Millers Tank Bed Area, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2023, the company reported a revenue of ₹70.33 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net loss of ₹35.29 Lakh (net margin -0.5%) and EBITDA of ₹2.06 Cr (EBITDA margin 2.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over five years.
Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 1 case is pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹392.23 Cr; the latest was in March 2021. Its 8 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 4 smaller; the largest is Volvo Financial Services (India) Private Limited with revenue of ₹71.04 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dbcdc.karnataka.gov.in.
Company details
CIN history
D.Devaraj Urs Backward Classes Development Corporation has one previous CIN (Corporate Identification Number): U74999KA1977PLC003237. The current CIN is U74999KA1977SGC003237, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999KA1977SGC003237 | Current |
| U74999KA1977PLC003237 | Previous |
Contact details
D.Devaraj Urs Backward Classes Development Corporation Limited's registered office is in Bangalore, Karnataka. Its website is dbcdc.karnataka.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered Address4th Floor Devaraj Urs Bhavan 16/D Millers Tank Bed Area, Bangalore, Karnataka, India – 560052
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of D.Devaraj Urs Backward Classes Development Corporation 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 D.Devaraj Urs Backward Classes Development Corporation is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of D.Devaraj Urs Backward Classes Development Corporation Limited, buy the company report.
Financials of D.Devaraj Urs Backward Classes Development Corporation Limited
FY 2023 filings availableD.Devaraj Urs Backward Classes Development Corporation Limited reported revenue of ₹70.33 Cr (up 78% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 78% growth in the latest year. EBITDA rose 106% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹2.06 Cr | ||||
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| Net Profit (PAT) | -₹35.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | -0.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of D.Devaraj Urs Backward Classes Development Corporation Limited, buy the company report.
Board of directors of D.Devaraj Urs Backward Classes Development Corporation Limited
D.Devaraj Urs Backward Classes Development Corporation has 6 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dayananda Appajigowda Kesturkoppal | Nominee Director | 28 Apr 2022 | 4 Years 5 Months | Current |
| Chikkasubbanna Hemalatha | Nominee Director | 04 Dec 2019 | 6 Years 10 Months | Current |
| Tulasi Ram Maddineni | Nominee Director | 06 Jun 2025 | 1 Years 4 Months | Current |
| Kirthiganesh Nadubeedi Gopinath | Nominee Director | 01 Mar 2024 | 2 Years 7 Months | Current |
| Doddabalapur Shivananda Sudarshan Kumar | Nominee Director | 20 Sep 2018 | 8 Years 1 Months | Current |
| Nataraj Ganjigere Ramegowda | Managing Director | 09 May 2025 | 1 Years 5 Months | Current |
Peer comparison
D.Devaraj Urs Backward Classes Development Corporation Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Volvo Financial Services (India) Private Limited | ₹71.04 Cr (FY 2019) | 10.0% | Bangalore, Karnataka, India | |||
| Jinvani Trading & Investment Company Pvt Ltd | ₹70.77 Cr (FY 2022) | -67.0% | Bengaluru, Karnataka, India | |||
| DGP Securities Limited | ₹70.65 Cr (FY 2025) | 534.0% | Mumbai, Maharashtra, India | |||
| VM Vinimay Private Limited | ₹70.53 Cr (FY 2025) | -21.0% | Kolkata, West Bengal, India | |||
| D.Devaraj Urs Backward Classes Development Corporation Limitedthis company | ₹70.33 Cr (FY 2023) | -₹35.29 Lakh | -0.5% | 78.0% | Bangalore, Karnataka, India | |
| Canbank Factors Limited | ₹70.09 Cr (FY 2025) | 26.0% | Bangalore, Karnataka, India | |||
| Anadi Investments Pvt Ltd | ₹69.94 Cr (FY 2022) | 2.0% | Punjab, India | |||
| Nomura Capital (India) Private Limited | ₹69.41 Cr (FY 2018) | -3.0% | Mumbai, Maharashtra, India | |||
| Arpna Capital Services Pvt Ltd | ₹69.35 Cr (FY 2025) | -20.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of D.Devaraj Urs Backward Classes Development Corporation Limited, buy the company report.
Auditor
D.Devaraj Urs Backward Classes Development Corporation Limited is audited by M A NARASIMHAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A NARASIMHAN & CO | FY 2019 | 002347S |
Shareholding
The shareholding of D.Devaraj Urs Backward Classes Development Corporation Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of D.Devaraj Urs Backward Classes Development Corporation Limited, buy the company report.
Deals & funding
D.Devaraj Urs Backward Classes Development Corporation Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹392.23 Cr; the latest was in March 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹150 Cr | Investors: an individual |
| Jun 2018 | Funding round | ₹142.5 Cr | Investors: an individual |
| Feb 2014 | Funding round | ₹62.5 Cr | Investors: an individual |
| Mar 2011 | Funding round | ₹37.23 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
D.Devaraj Urs Backward Classes Development Corporation Limited has 17 court cases on record: 5 filed by D.Devaraj Urs Backward Classes Development Corporation, 12 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 11 | 6 | 1 |
| High courts | 6 | 6 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Shamanur Sugars Limited | Pending |
| Supreme Court | Court case | Filed against the company by Belgundi Cements Pvt.Ltd. | Disposed |
| Supreme Court | Appeal | Filed against the company by M/S. Kayen Print & Process Pvt. Ltd. | Disposed |
| Supreme Court | Appeal | Filed against the company by M/S Dy-Tek Tools Pvt. Ltd. | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S. T.T. Pvt. Ltd. | Disposed |
To see the full case history of D.Devaraj Urs Backward Classes Development Corporation 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 D.Devaraj Urs Backward Classes Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
D.Devaraj Urs Backward Classes Development Corporation has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of D.Devaraj Urs Backward Classes Development Corporation Limited, buy the company report.
Recent activity
D.Devaraj Urs Backward Classes Development Corporation Limited has 45 board changes on record since 2012: 6 appointments and 39 cessations. The latest: Sanjay Bhalchandra Shettennavar ceased to be Director on 06 Jun 2025.
36 earlier events are in the company report.
Frequently asked questions
D.Devaraj Urs Backward Classes Development Corporation is an active private limited state government company based in Bangalore, Karnataka, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 28 October 1977 (49+ years old) and is registered under CIN U74999KA1977SGC003237.
D.Devaraj Urs Backward Classes Development Corporation has 6 current directors:
- Nataraj Ganjigere Ramegowda - Managing Director
- Dayananda Appajigowda Kesturkoppal - Nominee Director
- Chikkasubbanna Hemalatha - Nominee Director
- Tulasi Ram Maddineni - Nominee Director
- Kirthiganesh Nadubeedi Gopinath - Nominee Director
- Doddabalapur Shivananda Sudarshan Kumar - Nominee Director
The latest financial statements of D.Devaraj Urs Backward Classes Development Corporation on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 June 2024. Year-wise statements from 2015 are in the company report.
No. D.Devaraj Urs Backward Classes Development Corporation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of D.Devaraj Urs Backward Classes Development Corporation is U74999KA1977SGC003237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D.Devaraj Urs Backward Classes Development Corporation has 17 court cases on record: 5 filed by the company and 12 filed against it. 1 is pending. Most are in the supreme court.
D.Devaraj Urs Backward Classes Development Corporation was incorporated on 28 October 1977, making it 49+ years old. It is registered with the Registrar of Companies, Bangalore.
D.Devaraj Urs Backward Classes Development Corporation has 4 deals on record (4 funding rounds), with disclosed funding of ₹392.23 Cr; the latest was in March 2021.
The peers of D.Devaraj Urs Backward Classes Development Corporation by revenue are Volvo Financial Services (India) Private Limited, Jinvani Trading & Investment Company Pvt Ltd, DGP Securities Limited, VM Vinimay Private Limited, Canbank Factors Limited and 3 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), with the same principal business activity (other financial activities).
Sanjay Bhalchandra Shettennavar ceased to be Director on 06 Jun 2025. Tulasi Ram Maddineni was appointed as Nominee Director on 06 Jun 2025. Nataraj Ganjigere Ramegowda was appointed as Managing Director on 09 May 2025. D.Devaraj Urs Backward Classes Development Corporation has 45 board changes on record in total.
D.Devaraj Urs Backward Classes Development Corporation can be reached through the website dbcdc.karnataka.gov.in. Its registered office is in Bangalore, Karnataka, India.