About Adarsh Developers
Adarsh Developers is a company based in Bengaluru (India) founded in 1988 by B M Karunesh and B M Jayeshankar. Adarsh Developers operates in a competitive market with competitors including Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others.
- Headquarter Bengaluru, India
- Founders B M Karunesh, B M Jayeshankar
- SectorsReal Estate & Construction
- Website category Business and Consumer Services · Real Estate
- Email••••••••
- Phone•••• ••••
- Website adarshdevelopers.com
- Social LinkedIn X
- Annual Revenue$42.6 M (USD)218as on Mar 31, 2023
- Net Profit$19.36 M (USD)232as on Mar 31, 2023
- EBITDA$27.94 M (USD)1985as on Mar 31, 2023
- Latest Funding Round$181.47M (USD), Debt – Conventional
Feb 2019
- InvestorsPiramal Group
& 4 more
Associated legal entities of Adarsh Developers
Adarsh Developers is associated with 6 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Orchids Apartments Private Limited CIN U45201KA1981PTC004086 | Active | 27 Jan 1981 | Bengaluru, Karnataka | ₹9.3 Cr | – | 2 | View details |
| Adarsh Nivaas Private Limited CIN U45203KA2009PTC051268 | Active | 22 Oct 2009 | Bengaluru, Karnataka | ₹98.5 Cr | – | 3 | View details |
| Adarsh Haven Private Limited CIN U45202KA2009PTC051266 | Active | 22 Oct 2009 | Bangalore, Karnataka | ₹374 Cr | – | 3 | View details |
| Akarsh Residence Private Limited CIN U45201KA2009PTC051265 | Active | 22 Oct 2009 | Bengaluru, Karnataka | ₹86.7 Cr | – | 3 | View details |
| Akarshak Realty Private Limited CIN U45200KA2011PTC059903 | Active | 08 Aug 2011 | Bengaluru, Karnataka | ₹364 Cr | – | 4 | View details |
| Adarsh Realty And Hotels Private Limited CIN U70101KA1996PTC021038 | Active | 26 Aug 1996 | Bangalore, Karnataka | ₹218 Cr | 283 | 4 | View details |
Funding Insights of Adarsh Developers
- Total Rounds 2
- Last Round Debt – Conventional — $181.47M
- First Round $109.25M
(Nov 2016)
- Investors Count 5
All 2 funding rounds of Adarsh Developers with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2019 | $181.47M | Debt – Conventional | – | – | |
| Nov 2016 | $109.25M | Debt – Conventional | – | – |
5 investors in total: 5 institutional.
Investors in Adarsh Developers
Adarsh Developers has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Piramal Group, JM Financial and Kotak Realty Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fund management and investment services focused on real estate and domestic strategies in India. | – | piramalfundmanagement.com | Mumbai, India | |
Manages a real estate fund focused on asset companies. | 2005 | hdfcpropertyfund.com | Mumbai, India | |
Real estate investment management firm | 2005 | realtyfund.kotak.com | Mumbai, India | |
Investment banking services are offered across multiple sectors. | 1973 | jmfl.com | Mumbai, India | |
Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate | 1984 | piramal.com | Mumbai, India |
Investor details for Adarsh Developers
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Board of directors of Adarsh Developers
The boards of the 6 registered companies of Adarsh Developers currently have 5 directors; the longest-serving is Jayeshankar Bilidale Madaiah, appointed in 1994. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jayeshankar Bilidale Madaiah DIN 00745118 | Director | 07 Apr 1994 | 32 yrs 6 mo | Orchids Apartments Private Limited, Akarsh Residence Private Limited, Adarsh Haven Private Limited, Adarsh Nivaas Private Limited, Adarsh Realty And Hotels Private Limited |
| Bangalore Visweswara Ravikumar DIN 02794408 | Director | 30 Mar 2015 | 11 yrs 6 mo | Akarshak Realty Private Limited |
| Sudha Shanker DIN 00852735 | Director | 30 Mar 2015 | 11 yrs 6 mo | Akarshak Realty Private Limited, Orchids Apartments Private Limited, Akarsh Residence Private Limited, Adarsh Haven Private Limited, Adarsh Nivaas Private Limited, Adarsh Realty And Hotels Private Limited |
| Karunesh Bilidale Madaiah DIN 00693174 | Director | 10 Sep 2015 | 11 yrs 1 mo | Akarshak Realty Private Limited, Akarsh Residence Private Limited, Adarsh Haven Private Limited, Adarsh Nivaas Private Limited, Adarsh Realty And Hotels Private Limited |
| Nidhi Jayashankar Bangalore DIN 07956908 | Director | 25 Oct 2017 | 8 yrs 11 mo | Akarshak Realty Private Limited |
People of Adarsh Developers
5 people are tracked at Adarsh Developers (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
B M Karunesh | Co-Founder | Leadership |
B M Jayeshankar | Co-Founder & Managing Director | Leadership |
Hritik Sinha | Director Of Operations | Leadership |
Shwetha Devanga | Assistant Manager Sales | Team |
Arun Geet Mohan | Sales Manager | Team |
Complete people profiles for Adarsh Developers
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Financials of Adarsh Developers
Figures of Akarshak Realty Private Limited, the primary company behind Adarsh Developers, for FY 2024. Revenue was ₹364 Cr (+161664% year on year). Net profit was ₹114 Cr (31% margin). EBITDA was ₹153 Cr (42% margin). Revenue has grown at a compounded annual rate of +189% over three years and +184% over five years.
- ₹364 CrRevenue · FY 2024 · +161664% YoY
- ₹114 CrNet profit · 31% margin
- ₹153 CrEBITDA · 42% margin
- ₹4 LakhPaid-up capital
- +189%Revenue CAGR, 3 years
- +184%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Akarshak Realty Private Limited are on its company page.
Detailed financial statements for Adarsh Developers
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Adarsh Developers
3 dated milestones of Adarsh Developers across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Adarsh Developers is founded.
- Funding First funding round of $109.3M.
- Funding Latest funding round, Debt – Conventional, of $181.5M.
Competitors of Adarsh Developers
Adarsh Developers operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Godrej Properties, Vingroup, Lendlease, DLF India and Sun Hung Kai Properties, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| godrejproperties.com | 1990 | Mumbai, India | – | 408 | Residential and commercial properties are developed by Godrej Properties. | |
| vingroup.net | 1993 | Hanoi, Vietnam | – | 347 | Real estate development and management services are offered by Vingroup. | |
| lendlease.com | 1958 | Melbourne, Australia | – | – | Sustainable project development and maintenance services are provided worldwide. | |
| dlf.in | 1947 | Gurugram, India | – | 132 | Provider of property and real estate development services | |
| shkp.com | 1997 | Hong Kong, China | – | 37,000 | Real estate properties are developed and managed in Hong Kong. | |
| frasersproperty.com | 1924 | Singapore | – | 4,399 | Residential and commercial properties are developed and managed across regions. | |
| marcusmillichap.com | 1971 | Reno, United States | – | 887 | Real Estate Investment trust providing investment brokerage services. | |
| strabag.com | 1835 | Vienna, Austria | – | 72,904 | Provider of construction management services | |
| sunac.com.cn | 2003 | Shanghai, China | – | 19,271 | Residential and commercial real estate development is conducted by Sunac. | |
| howardhughes.com | 2010 | Dallas, United States | – | 1,216 | Residential and commercial properties are developed across the United States. |
Detailed competitors of Adarsh Developers
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Web traffic of Adarsh Developers
The website of Adarsh Developers (adarshdevelopers.com) receives about 30.6K visits a month and ranks #1,280,963 among all websites worldwide, #9,688 in Real Estate.
- Monthly visits30.6K
▲ 70.6% vs previous month
- Unique visitors8K
per month
- Global rank#1,280,963
among all websites
- Category rank#9,688
Business and Consumer Services · Real Estate
- Bounce rate45%
- Pages per visit2.7
- Average visit32 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Adarsh Developers. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| prestigeconstructions.com | 100% | 303.4K | #144,098 | View details | |
| vakilhousing.com | 94% | – | #4,497,174 | View details | |
prestigesouthernstar.info | prestigesouthernstar.info | 94% | – | #817,757 | – |
| puravankara.com | 92% | 204.2K | #290,465 | View details | |
| renaissanceholdings.com | 91% | 1.9K | #8,205,713 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Adarsh Developers
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Latest news on Adarsh Developers
Complete news archive for Adarsh Developers
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Similar companies to Adarsh Developers
10 companies that operate in the same segment as Adarsh Developers (Real Estate Developers & Builders), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of real estate development properties | 1997 | Dubai, Dubai, United Arab Emirates | USD 98.03 M | – | – | |
Developer of luxury residential properties | 1992 | Mumbai, Maharashtra, India | USD 160.33 M | USD 55.39 M | 1,046 | |
Residential and commercial properties are developed by Godrej Properties. | 1990 | Mumbai, Maharashtra, India | – | USD 546.88 M | 6,030 | |
Real Estate Investment trust providing investment brokerage services. | 1971 | Reno, Nevada, United States | – | USD 755.16 M | 897 | |
Premium residential building development services are provided. | 1980 | Mumbai, Maharashtra, India | USD 152.4 M | USD 658.36 M | 1,480 | |
Real estate development services are provided in India. | 1999 | Gurugram, Haryana, India | USD 14.83 M | – | – | |
Real estate development and management services are offered by Vingroup. | 1993 | Hanoi, Vietnam | – | – | 367 | |
Electricity transmission utility projects are developed and supplied. | 2008 | Mumbai, Maharashtra, India | USD 19.85 M | USD 730.41 M | 2,300 | |
Commercial property development services are provided in India. | 1978 | Hyderabad, Telangana, India | – | USD 2.22 B | 31,410 |
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Frequently Asked Questions about Adarsh Developers
Adarsh Developers was founded in 1988 and raised its 1st funding round 28 years after it was founded.
Adarsh Developers is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Annual revenue of Adarsh Developers is $42.6M as on Mar 31, 2023.
Adarsh Developers was established in 1988 in Bengaluru, India, within the real estate sector. Residential, commercial, and hospitality properties are developed by the company, with operations centered on property construction and management. The firm was co-founded by B M Karunesh and B M Jayeshankar, the latter of whom serves as Managing Director. Focus remains on urban development projects in the region.
Adarsh Developers's top competitors include Godrej Properties, Marcus& Millichap and Vingroup.
Adarsh Developers has 5 investors. Key investors include Piramal Group, JM Financial, Kotak Realty Fund, HDFC Property Fund, and Piramal Fund Management.
Adarsh Developers is associated with 6 legal entities: Akarshak Realty Private Limited, Orchids Apartments Private Limited, Akarsh Residence Private Limited and others.
The legal entities of Adarsh Developers currently have 6 directors, including Bangalore Visweswara Ravikumar, Karunesh Bilidale Madaiah, Nidhi Jayashankar Bangalore and others.