Karnataka Uppara Development Corporation Limited
About Karnataka Uppara Development Corporation Limited
Data last updated:
Karnataka Uppara Development Corporation Limited is a private limited state government company based in Bangalore, Karnataka, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 31 October 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93090KA2017SGC107550. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.08 Cr. It is led by directors including Marjenahally Narayanappa Manjunatha (Managing Director) and Sanjay Bhalchandra Shettennavar.
Its last annual general meeting (AGM) was held on 30 June 2023, and its latest financial statements are for the year ended 31 March 2022. The registered office is at #2 Kushal Emerald Gandhi Bhavan Opposite Kumara Park East, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2022, the company reported a revenue of ₹51.15 Lakh, a growth of 31% compared to the previous year. For the same year it recorded a net loss of ₹86.36 Lakh (net margin -168.9%) and EBITDA of -₹82.08 Lakh (EBITDA margin -160.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karnataka Uppara Development Corporation Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#2 Kushal Emerald Gandhi Bhavan Opposite Kumara Park East, Bangalore, Karnataka, India – 560001
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Karnataka Uppara 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 Karnataka Uppara 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 Karnataka Uppara Development Corporation Limited, buy the company report.
Financials of Karnataka Uppara Development Corporation Limited
FY 2022 filings availableKarnataka Uppara Development Corporation Limited reported revenue of ₹51.15 Lakh (up 31% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over three years, including 31% growth in the latest year. EBITDA fell 724% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹51.15 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹82.08 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹86.36 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -160.5% | ||||
| Net Profit Margin | -168.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Karnataka Uppara Development Corporation Limited, buy the company report.
Board of directors of Karnataka Uppara Development Corporation Limited
Karnataka Uppara Development Corporation has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Bhalchandra Shettennavar | Nominee Director | 14 Aug 2024 | 2 Years 2 Months | Current |
| Chikkasubbanna Hemalatha | Nominee Director | 24 Mar 2020 | 6 Years 7 Months | Current |
| Marjenahally Narayanappa Manjunatha | Managing Director | 29 Aug 2024 | 2 Years 2 Months | Current |
| Shivaraj Sangappa Tangadagi | Nominee Director | 14 Jun 2023 | 3 Years 4 Months | Current |
| Kantharaju | Nominee Director | 27 Mar 2023 | 3 Years 7 Months | Current |
| Manjula Nataraj | Nominee Director | 11 Sep 2024 | 2 Years 2 Months | Current |
Auditor
Karnataka Uppara Development Corporation Limited is audited by KVRADHAKRISHNA& Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KVRADHAKRISHNA& Co | FY 2022 | 003302S |
Shareholding
The shareholding of Karnataka Uppara 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 Karnataka Uppara Development Corporation Limited, buy the company report.
Legal cases
No court or tribunal cases involving Karnataka Uppara Development Corporation Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karnataka Uppara Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnataka Uppara 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 Karnataka Uppara Development Corporation Limited, buy the company report.
Recent activity
Karnataka Uppara Development Corporation Limited has 44 board changes on record since 2017: 25 appointments and 19 cessations. The latest: Dayananda Kesturkoppal Appajigowda ceased to be Nominee Director on 08 Oct 2024.
35 earlier events are in the company report.
Frequently asked questions
Karnataka Uppara Development Corporation is an active private limited state government company based in Bangalore, Karnataka, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 31 October 2017 (9+ years old) and is registered under CIN U93090KA2017SGC107550.
Karnataka Uppara Development Corporation has 6 current directors:
- Marjenahally Narayanappa Manjunatha - Managing Director
- Sanjay Bhalchandra Shettennavar - Nominee Director
- Chikkasubbanna Hemalatha - Nominee Director
- Shivaraj Sangappa Tangadagi - Nominee Director
- Kantharaju - Nominee Director
- Manjula Nataraj - Nominee Director
The latest financial statements of Karnataka Uppara Development Corporation on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 June 2023. Year-wise statements from FY 2018 are in the company report.
No. Karnataka Uppara Development Corporation has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karnataka Uppara Development Corporation is U93090KA2017SGC107550. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Uppara Development Corporation was incorporated on 31 October 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Dayananda Kesturkoppal Appajigowda ceased to be Nominee Director on 08 Oct 2024. Doddabalapur Shivananda Sudarshan Kumar ceased to be Director on 11 Sep 2024. Manjula Nataraj was appointed as Nominee Director on 11 Sep 2024. Karnataka Uppara Development Corporation has 44 board changes on record in total.
The registered office of Karnataka Uppara Development Corporation is at #2 Kushal Emerald Gandhi Bhavan Opposite Kumara Park East, Bangalore, Karnataka, India – 560001.
Karnataka Uppara Development Corporation operates in the travel and hospitality industry, in the consumer professional services segment.
The compliance status of Karnataka Uppara Development Corporation is compliant as of 29 September 2026. The company is actively filing with the Registrar of Companies.
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