About Agara Techzone Private Limited
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Agara Techzone Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Raffles Enterprises Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2003PTC033023. Its GSTIN is 29AAECM1841L1Z8 (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.74 Cr. It was formerly known as Mantri Techzone Limited and Techzone Builders Private Limited. It is led by directors including Sushil Pandurang Mantri (Managing Director) and Ashwin Panemangalore Pai.
Its last annual general meeting (AGM) was held on 03 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C – 5 Rich Homes No 5/1 Richmond Road, Bangalore Richmond Town Bangalore North, Karnataka, India – 560025.
As per the financials filed for FY 2022, the company reported a revenue of ₹56.61 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹10.68 Cr and EBITDA of -₹11.23 Cr. Revenue has declined at a compounded annual rate (CAGR) of 31% over three years and 10% over five years.
As per MCA filings, the company has satisfied charges of ₹615 Cr on record. Court records list 50 cases involving the company, including 13 filed by the company and 40 filed against it; 4 cases are pending. The company has 11 deals on record (4 secondary share transfers, 4 funding rounds, 3 debt financings), with disclosed funding of ₹1,585.99 Cr; the latest was in March 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mantri.in.
Company details
Name history
Agara Techzone has undergone 6 name changes throughout its history. The current legal name is Agara Techzone Private Limited.
| Company Name | Status |
|---|---|
| Agara Techzone Private Limited | Current |
| Mantri Techzone Limited | Previous |
| Techzone Builders Private Limited | Previous |
| Eta Infotech Private Limited | Previous |
| Manipal Infotech Private Limited | Previous |
| Manipal Eta Infotech Limited | Previous |
| Techzone Private Limited | Previous |
CIN history
Agara Techzone has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45201KA2003PTC033023, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201KA2003PTC033023 | Current |
| U45203KA2003PLC033023 | Previous |
| U45201KA2003PLC033023 | Previous |
Contact details
Agara Techzone Private Limited's registered office is in Bangalore, Karnataka. Its website is mantri.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressC – 5 Rich Homes No 5/1 Richmond Road, Bangalore Richmond Town Bangalore North, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Agara Techzone 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 Agara Techzone Private Limited
FY 2024 filings availableAgara Techzone Private Limited reported revenue of ₹56.61 Lakh (up 5248% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years. 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 | ₹56.61 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹11.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.68 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA Margin | |||||
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To see the full financial statements and ratios of Agara Techzone Private Limited, buy the company report.
Board of directors of Agara Techzone Private Limited
Agara Techzone has 8 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwin Panemangalore Pai | Director | 28 Dec 2006 | 19 Years 9 Months | Current |
| Ravindra Panemangalore Pai | Director | 28 Dec 2006 | 19 Years 9 Months | Current |
| Sushil Pandurang Mantri | Managing Director | 29 Sep 2004 | 22 Years 0 Months | Current |
| Panemanalore Dayananda Pai Also directs: Jnana Bharathi Prakashana Limited, Akshay Property Developers Private Limited, Township Creators Private Limited and 5 more | Director | 18 Dec 2003 | 22 Years 10 Months | Current |
| Mohankumar Singapura Jayanna Also directs: PVK Shelters (India) Private Limited, Trigate Infrastructure Private Limited, Plaza Agencies Private Limited and 5 more | Director | 31 Dec 2022 | 3 Years 9 Months | Current |
| Methuku Srinivas Also directs: Castles Vista Private Limited, Pratibha Realtors Private Limited, Minerva Infra Tech Private Limited and 5 more | Director | 20 Aug 2008 | 18 Years 2 Months | Current |
Auditor
Agara Techzone Private Limited is audited by K K RAO & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K K RAO & ASSOCIATES | FY 2022 | 010757S |
Shareholding
The shareholding of Agara Techzone Private 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 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Agara Techzone Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2015 | 10600490 | Il & Fs Trust Company Limited | ₹130 Cr | Satisfied | |
| 31 Mar 2015 | 10568787 | Il & Fs Trust Company Limited | ₹100 Cr | Satisfied | |
| 31 Dec 2014 | 10568141 | Punjab National Bank | ₹130 Cr | Satisfied | |
| 19 May 2014 | 10505652 | Yes Bank Limited | ₹100 Cr | Satisfied | |
| 11 Mar 2014 | 10490341 | Punjab National Bank | ₹50 Cr | Satisfied |
To see the full charge records of Agara Techzone Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Agara Techzone Private Limited has 11 deals on record (4 secondary share transfers, 4 funding rounds, 3 debt financings), with disclosed funding of ₹1,585.99 Cr; the latest was in March 2026.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Funding round | ₹73 Lakh | Investors: Hamlet Apartmnet Private Limited |
| Feb 2026 | Debt financing | ₹80 Cr | Investors: Dickey Special Situation Investment Trust Dssf Series 1, Dickey Special Situation Investment Trust Dssf Series Ii |
| Feb 2026 | Secondary share transfer | Undisclosed | Seller: Shore Dwellings Private Limited |
| Aug 2024 | Funding round | ₹1,046.05 Cr | Investors: Shore Dwellings Private Limited , Mantri Developers Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: South Techpark LLP Seller: 4 individuals |
To see the full deal history of Agara Techzone Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Agara Techzone Private Limited has 50 court cases on record: 13 filed by Agara Techzone, 40 filed against it. 4 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 25 | 22 | 0 |
| High courts | 10 | 9 | 2 |
| District courts | 7 | 3 | 2 |
| NCLT | 4 | 3 | 0 |
| NCLAT | 4 | 3 | 0 |
Cases on record (5 of 50)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Sammaan Capital Ltd., and 1 other | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Bengaluru Smart Infrastructure Limited, B Smile and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Catalyst Trusteeship Limited and 5 others | Pending |
| High Court of Karnataka | Revision petition | Filed against the company by M/S Catalyst Trusteeship Limited | Disposed |
| High Court of Karnataka | Revision petition | Filed against the company by Sammaan Capital Limited | Disposed |
To see the full case history of Agara Techzone 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
No delayed payments to MSME suppliers are on our record for Agara Techzone Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Agara Techzone has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM1841L1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Agara Techzone Private Limited, buy the company report.
Recent activity
Agara Techzone Private Limited has 24 board changes on record since 2003: 8 appointments and 16 cessations. The latest: Dasappa Hanumantharaya was appointed as Additional Director on 03 Dec 2024.
29 earlier events are in the company report.
Frequently asked questions
Agara Techzone is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 December 2003 (23+ years old) and is registered under CIN U45201KA2003PTC033023.
Agara Techzone has 8 current directors:
- Sushil Pandurang Mantri - Managing Director
- Ashwin Panemangalore Pai - Director
- Ravindra Panemangalore Pai - Director
- Panemanalore Dayananda Pai - Director
- Mohankumar Singapura Jayanna - Director
- Methuku Srinivas - Director
- Dyapanna Girishkumar - Additional Director
- Dasappa Hanumantharaya - Additional Director
The latest financial statements of Agara Techzone on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 03 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Agara Techzone is 29AAECM1841L1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Agara Techzone is U45201KA2003PTC033023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Agara Techzone has 50 court cases on record: 13 filed by the company and 40 filed against it. 4 are pending. Most are in the supreme court.
Agara Techzone was incorporated on 15 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Bangalore.
Agara Techzone has 11 deals on record (4 secondary share transfers, 4 funding rounds, 3 debt financings), with disclosed funding of ₹1,585.99 Cr; the latest was in March 2026.
Dasappa Hanumantharaya was appointed as Additional Director on 03 Dec 2024. Dyapanna Girishkumar was appointed as Additional Director on 08 Nov 2024. Gopinath Raj Kumar ceased to be Additional Director on 28 Sep 2023. Agara Techzone has 24 board changes on record in total.
Agara Techzone can be reached through the website mantri.in. Its registered office is in Bangalore, Karnataka, India.