About Mangaluru Smart City Limited
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Mangaluru Smart City Limited is a public limited company based in Mangalore, Karnataka, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 06 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PLC102010. Its GSTIN is 29AALCM0527G1ZF (Karnataka).
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Raju Kurubaru (Managing Director) and Amba Shetty.
Its last annual general meeting (AGM) was held on 24 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at M G Road Lalbaug, Mangalore, Karnataka, India – 575003.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.56 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹27.81 Lakh (net margin 6.1%) and EBITDA of ₹42.66 Lakh (EBITDA margin 9.4%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
Court records list 17 cases involving the company, including 17 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mangalurusmartcity.net.
Company details
Contact details
Mangaluru Smart City Limited's registered office is in Mangalore, Karnataka. Its website is mangalurusmartcity.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressM G Road Lalbaug, Mangalore, Karnataka, India – 575003
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Mangaluru Smart City 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 Mangaluru Smart City is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Mangaluru Smart City Limited, buy the company report.
Financials of Mangaluru Smart City Limited
FY 2024 filings availableMangaluru Smart City Limited reported revenue of ₹4.56 Cr (down 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 51% fall in the latest year. EBITDA fell 32% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹42.66 Lakh | ||||
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| Net Profit (PAT) | ₹27.81 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 9.4% | ||||
| Net Profit Margin | 6.1% | ||||
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To see the full financial statements and ratios of Mangaluru Smart City Limited, buy the company report.
Board of directors of Mangaluru Smart City Limited
Mangaluru Smart City has 3 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amba Shetty | Director | 17 Jun 2019 | 7 Years 4 Months | Current |
| Dharmendra Bansilal Mehta Also directs: Allegro Mahabaleshwara Ventures LLP, Allegro Developers LLP, Yugwheels Motors LLP and 3 more | Director | 17 Jun 2019 | 7 Years 4 Months | Current |
| Raju Kurubaru | Managing Director | 05 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Mangaluru Smart City Limited is audited by GONSALVES AND NAYAK for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GONSALVES AND NAYAK | FY 2022 | 000948S |
Shareholding
The shareholding of Mangaluru Smart City Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mangaluru Smart City Limited, buy the company report.
Legal cases
Mangaluru Smart City Limited has 17 court cases on record: 17 filed against it. 8 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 6 |
| High courts | 5 | 5 | 2 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Somayaji Estates Pvt. Ltd | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Louis Berger Consulting Pvt Ltd | Disposed |
| District court, DAKSHINA KANNADA, Karnataka | Court case (R.A.) | Filed against the company by Karnataka State Government Employees Association (R) | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
To see the full case history of Mangaluru Smart City 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 Mangaluru Smart City Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mangaluru Smart City Limited has 1 active EPFO establishment as of Oct 17, 2024.
GST
Mangaluru Smart City has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM0527G1ZF | Karnataka | Active | 24 Dec 2018 |
To see the full GST registrations and return filing status of Mangaluru Smart City Limited, buy the company report.
Recent activity
Mangaluru Smart City Limited has 46 board changes on record since 2017: 6 appointments and 40 cessations. The latest: Lohith ceased to be Nominee Director on 27 Feb 2025.
37 earlier events are in the company report.
Frequently asked questions
Mangaluru Smart City is an active public limited company based in Mangalore, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 06 April 2017 (9+ years old) and is registered under CIN U74999KA2017PLC102010.
Mangaluru Smart City has 3 current directors:
- Raju Kurubaru - Managing Director
- Amba Shetty - Director
- Dharmendra Bansilal Mehta - Director
The latest financial statements of Mangaluru Smart City on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 December 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Mangaluru Smart City is 29AALCM0527G1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Mangaluru Smart City is U74999KA2017PLC102010. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mangaluru Smart City has 17 court cases on record: 17 filed against it. 8 are pending. Most are in the district courts.
Mangaluru Smart City was incorporated on 06 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Lohith ceased to be Nominee Director on 27 Feb 2025. Sudhir Shetty ceased to be Nominee Director on 27 Feb 2025. Luthfulla Khan Atheeq ceased to be Nominee Director on 31 Jan 2025. Mangaluru Smart City has 46 board changes on record in total.
Mangaluru Smart City can be reached through the website mangalurusmartcity.net. Its registered office is in Mangalore, Karnataka, India.
The registered office of Mangaluru Smart City is at M G Road Lalbaug, Mangalore, Karnataka, India – 575003.
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