MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-02-0004652
Adarsh Nivaas Private Limited - real estate and construction in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹98.54 Cr
▲ 2% YoY
Net loss · FY 2024
₹54.03 Cr
Net margin -54.8%
EBITDA · FY 2024
-₹17.46 Cr
EBITDA margin -17.7%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹4 Lakh
Issued & subscribed
Open charges
₹365 Cr
Satisfied ₹1,120 Cr
Company age
17 yrs
Est. 2009
Directors on board
3
As per MCA filings
About Adarsh Nivaas Private Limited
Data last updated:
Adarsh Nivaas Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 October 2009 and has been in existence for over 17 years.
Its director B.M. Jayeshankar is #399 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45203KA2009PTC051268. Its GSTIN is 29AAICA0196L1ZA (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Jayeshankar Bilidale Madaiah and Karunesh Bilidale Madaiah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹98.54 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹54.03 Cr (net margin -54.8%) and EBITDA of -₹17.46 Cr (EBITDA margin -17.7%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 13% over five years.
The company is associated with 1 brand: Adarsh Developers. As per MCA filings, the company has open charges of ₹365 Cr and satisfied charges of ₹1,120 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in July 2013. The company has 2 MSME Form 1 returns on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers.
Adarsh Nivaas Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0004652). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adarshdevelopers.com.
Company details
CIN U45203KA2009PTC051268
Registration Number 051268
Incorporation Date 22 October 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-02-0004652
Key People
Jayeshankar Bilidale Madaiah Director Karunesh Bilidale Madaiah Director Sudha Shanker Director Recognitions & Rankings of Adarsh Nivaas
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #399 B.M. Jayeshankar ₹9,300 Cr
Contact details
Adarsh Nivaas Private Limited's registered office is in Bengaluru, Karnataka. Its website is adarshdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Adarsh Nivaas Private Limited, buy the company report.
Comprehensive company report
Adarsh Nivaas Private Limited - one report that includes everything
- 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
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Brands
Adarsh Nivaas operates one associated brand: Adarsh Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential, commercial, and hospitality properties are developed in Bengaluru. | adarshdevelopers.com |
Business activity
The main business activity of Adarsh Nivaas is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Adarsh Nivaas Private Limited, buy the company report.
Financials of Adarsh Nivaas Private Limited
FY 2024 filings availableAdarsh Nivaas Private Limited reported revenue of ₹98.54 Cr (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹98.54 Cr ▲ 2%
Net loss · FY 2024
₹54.03 Cr margin -54.8%
EBITDA · FY 2024
-₹17.46 Cr margin -17.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 80%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▼ 52%
5 years · compounded
▼ 21%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 2% growth in the latest year. EBITDA rose 64% 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 | -₹17.46 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹54.03 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -17.7% | ||||
| Net Profit Margin | -54.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Adarsh Nivaas Private Limited, buy the company report.
Board of directors of Adarsh Nivaas Private Limited
Adarsh Nivaas has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshankar Bilidale Madaiah | Director | 22 Oct 2009 | 17 Years 0 Months | Current |
| Karunesh Bilidale Madaiah Also directs: Akarsha Prime Project Private Limited, Vismaya Superprojects Private Limited, Akarshak Realty Private Limited and 5 more | Director | 22 Oct 2009 | 17 Years 0 Months | Current |
| Sudha Shanker Also directs: Akarsha Prime Project Private Limited, Akarshak Realty Private Limited, Vividha Ventures Private Limited and 5 more | Director | 22 Oct 2009 | 17 Years 0 Months | Current |
Auditor
Adarsh Nivaas Private Limited is audited by P.D SARANG AND ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.D SARANG AND ASSOCIATES | FY 2022 | 013423S |
Shareholding
The shareholding of Adarsh Nivaas Private 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 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 Adarsh Nivaas Private Limited, buy the company report.
Charges & borrowings
Open charges
₹365 Cr
Satisfied charges
₹1,120 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100907063 | Others | ₹365 Cr | Open | |
| 27 Aug 2021 | 100481047 | Others | ₹691 Cr | Satisfied | |
| 27 Aug 2021 | 100495306 | Others | ₹144 Cr | Satisfied | |
| 24 Jun 2017 | 100121188 | Others | ₹100 Cr | Satisfied | |
| 16 Jan 2015 | 10548413 | Housing Development Finance Corporation Limited | ₹85 Cr | Satisfied |
To see the full charge records of Adarsh Nivaas Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Adarsh Nivaas Private Limited has 1 deal on record (1 secondary share transfer); the latest was in July 2013.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Adarsh Developers Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adarsh Nivaas Private Limited has 3 court cases on record: 2 filed by Adarsh Nivaas, 1 filed against it. All cases are pending.
Total cases
3
Filed by the company
2
Filed against the company
1
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Pending |
To see the full case history of Adarsh Nivaas Private 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
Adarsh Nivaas Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| R.K. Readymix Concrete |
To see the full MSME payment records of Adarsh Nivaas Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Adarsh Nivaas has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
GST
Adarsh Nivaas has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA0196L1ZA | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adarsh Nivaas Private Limited, buy the company report.
Recent activity
Adarsh Nivaas Private Limited has 4 board changes on record since 2009: 3 appointments and 1 cessation. The latest: Jayeshankar Bilidale Madaiah ceased to be Managing Director on 28 Jan 2020.
Charges
A charge with Others of Rs. 36,500.00 Lakh registered on 28 Mar 2024 with Charge ID 100907063 was modified on 24 Jun 2025.
AGM
Adarsh Nivaas Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100481047 with Others was fully satisfied on 08 Apr 2024.
Filing
Adarsh Nivaas Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 36,500.00 Lakh with Charge ID 100907063 was registered on 28 Mar 2024.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100495306 with Others was fully satisfied on 13 Mar 2024.
Charges
A charge registered on 24 Jun 2017 via Charge ID 100121188 with Others was fully satisfied on 02 Sep 2021.
Charges
A charge registered on 16 Jan 2015 via Charge ID 10548413 with Housing Development Finance Corporation Limited was fully satisfied on 02 Sep 2021.
Charges
A charge with Others amounted to Rs. 14,400.00 Lakh with Charge ID 100495306 was registered on 27 Aug 2021.
Charges
A charge with Others amounted to Rs. 69,100.00 Lakh with Charge ID 100481047 was registered on 27 Aug 2021.
Charges
A charge with Others of Rs. 10,000.00 Lakh registered on 24 Jun 2017 with Charge ID 100121188 was modified on 30 Dec 2020.
Ceased
Jayeshankar Bilidale Madaiah ceased to be Managing Director.
8 earlier events are in the company report.
News
Frequently asked questions
Adarsh Nivaas is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 October 2009 (17+ years old) and is registered under CIN U45203KA2009PTC051268.
Adarsh Nivaas has 3 current directors:
- Jayeshankar Bilidale Madaiah - Director
- Karunesh Bilidale Madaiah - Director
- Sudha Shanker - Director
The latest financial statements of Adarsh Nivaas on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Adarsh Nivaas is 29AAICA0196L1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Adarsh Nivaas is U45203KA2009PTC051268. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Nivaas has 3 court cases on record: 2 filed by the company and 1 filed against it. 3 are pending.
Adarsh Nivaas was incorporated on 22 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Adarsh Nivaas has 1 deal on record (1 secondary share transfer); the latest was in July 2013.
Jayeshankar Bilidale Madaiah ceased to be Managing Director on 28 Jan 2020. Jayeshankar Bilidale Madaiah was appointed as Director on 22 Oct 2009. Karunesh Bilidale Madaiah was appointed as Director on 22 Oct 2009. Adarsh Nivaas has 4 board changes on record in total.
Yes, Adarsh Nivaas is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-02-0004652).
Adarsh Nivaas has 2 MSME Form 1 returns on record for the period ending Mar 2020, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 24 Nov 2020.