Redmond Developers Private Limited
About Redmond Developers Private Limited
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Redmond Developers Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the real estate leasing and property management segment of the real estate sector. It was incorporated on 16 October 2007.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U70109KA2007PTC044138. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Madison Developers Private Limited and Nei Education Private Limited. It was led by directors including Nagabhushanam Sunku and Ponnimada Chengappa Ashok.
Its last annual general meeting (AGM) was held on 31 May 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 78/121 – 26 Abshot Layout, Bangalore, Karnataka, India – 560020.
As per the financials filed for FY 2019, the company reported a revenue of ₹77,486, a decline of 95% compared to the previous year. For the same year it recorded a net profit of ₹20,616 (net margin 26.6%) and EBITDA of ₹27,488 (EBITDA margin 35.5%).
Company details
Name history
Redmond Developers has undergone 2 name changes throughout its history. The company was previously known as Madison Developers Private Limited, and Nei Education Private Limited. The current legal name is Redmond Developers Private Limited.
| Company Name | Status |
|---|---|
| Redmond Developers Private Limited | Current |
| Madison Developers Private Limited | Previous |
| Nei Education Private Limited | Previous |
CIN history
Redmond Developers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U70109KA2007PTC044138, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70109KA2007PTC044138 | Current |
| U70102KA2007PTC044138 | Previous |
| U80903KA2007PTC044138 | Previous |
Contact details
Redmond Developers Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address78/121 – 26 Abshot Layout, Bangalore, Karnataka, India – 560020
- IndustryReal Estate, Real Estate Leasing
To see the full contact details of Redmond 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
Financials of Redmond Developers Private Limited
FY 2019 filings availableRedmond Developers Private Limited reported revenue of ₹77,486 (down 95% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 95% in the latest year. EBITDA fell 98% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| EBITDA | ₹27,488 | ||||
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| Net Profit (PAT) | ₹20,616 | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
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| Profitability | |||||
| EBITDA Margin | 35.5% | ||||
| Net Profit Margin | 26.6% | ||||
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To see the full financial statements and ratios of Redmond Developers Private Limited, buy the company report.
Board of directors of Redmond Developers Private Limited
Redmond Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagabhushanam Sunku Also directs: Vurupa Trading Private Limited | Director | 15 Nov 2011 | 14 Years 11 Months | As last reported |
| Ponnimada Chengappa Ashok | Director | 15 Nov 2011 | 14 Years 11 Months | As last reported |
| Ganapathi Mala Joshy Also directs: Master Components Limited, N G E F Ltd., Orange Self Storage Private Limited and 2 more | Director | 07 Sep 2009 | 17 Years 2 Months | As last reported |
Auditor
Redmond Developers Private Limited is audited by S V R & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V R & ASSOCIATES | FY 2017 | 003767S |
Shareholding
The shareholding of Redmond Developers Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Redmond Developers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Redmond Developers Private 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 Redmond Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Redmond Developers 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 Redmond Developers Private Limited, buy the company report.
Recent activity
Redmond Developers Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Lalgudi Saptharishi Vaidyanathan ceased to be Whole-Time Director on 15 Nov 2011.
Frequently asked questions
Redmond Developers has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Redmond Developers was a private limited company based in Bangalore, Karnataka, India. The company worked in real estate leasing, within the real estate industry. It was incorporated on 16 October 2007 and is registered under CIN U70109KA2007PTC044138. The company has been struck off by the Registrar of Companies and is no longer operational.
Redmond Developers had 3 directors:
- Nagabhushanam Sunku - Director
- Ponnimada Chengappa Ashok - Director
- Ganapathi Mala Joshy - Director
The CIN (Corporate Identification Number) of Redmond Developers is U70109KA2007PTC044138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Redmond Developers is at 78121 – 26 Abshot Layout, Bangalore, Karnataka, India – 560020.
Redmond Developers was incorporated on 16 October 2007. It is registered with the Registrar of Companies, Bangalore.
The latest financial statements of Redmond Developers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 31 May 2019. Year-wise statements from 2015 are in the company report.
No. Redmond Developers has 1 GST registration on record and it is cancelled or inactive.
Redmond Developers operated in the real estate industry, in the real estate leasing segment. It worked in this industry before it was struck off.
Lalgudi Saptharishi Vaidyanathan ceased to be Whole-Time Director on 15 Nov 2011. Nagabhushanam Sunku was appointed as Director on 15 Nov 2011. Ponnimada Chengappa Ashok was appointed as Director on 15 Nov 2011. Redmond Developers has 6 board changes on record in total.
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