About Brickwork Ratings India Private Limited
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Brickwork Ratings India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the credit rating agencies segment of the financial services sector. It was incorporated on 13 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2007PTC043591. Its GSTIN is 29AADCB3136C1Z3 (Karnataka). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹5.25 Cr and a paid-up capital of ₹5.13 Cr. It was formerly known as Brickwork Rating India Private Limited. It is led by directors including Sudha Ravi and Chandru Badrinarayanan.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 29/3 & 32/2 3rd Floor Raj Alkaa Park Kalena Agrahara Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.05 Cr. For the same year it recorded a net loss of ₹13.87 Cr (net margin -138.1%) and EBITDA of -₹13.34 Cr (EBITDA margin -132.8%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 34% over five years.
The company is associated with 1 brand: Brickwork Ratings. Court records list 88 cases involving the company, including 12 filed by the company and 76 filed against it; 41 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.38 Cr; the latest was in August 2015. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brickworkratings.com.
Company details
Contact details
Brickwork Ratings India Private Limited's registered office is in Bangalore, Karnataka. Its website is brickworkratings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 29/3 & 32/2 3rd Floor Raj Alkaa Park Kalena Agrahara Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryFinancial Services, Credit Rating Agencies
To see the full contact details of Brickwork Ratings India 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
Brands
Brickwork Ratings India operates one associated brand: Brickwork Ratings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers credit ratings for bank loans, bonds, and financial instruments in India. | brickworkratings.com |
Business activity
The main business activity of Brickwork Ratings India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Brickwork Ratings India Private Limited, buy the company report.
Financials of Brickwork Ratings India Private Limited
FY 2025 filings availableBrickwork Ratings India Private Limited reported revenue of ₹10.05 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹13.34 Cr | ||||
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| Net Profit (PAT) | -₹13.87 Cr | ||||
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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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| EBITDA Margin | -132.8% | ||||
| Net Profit Margin | -138.1% | ||||
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To see the full financial statements and ratios of Brickwork Ratings India Private Limited, buy the company report.
Board of directors of Brickwork Ratings India Private Limited
Brickwork Ratings India has 8 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Ravi | Director | 15 Mar 2024 | 2 Years 7 Months | Current |
| Chandru Badrinarayanan | Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Santosh Balachandran Nayar Also directs: Afcons Infrastructure Limited, Authum Investment & Infrastructure Limited, Maadurga Iron and Steel Private Limited and 4 more | Director | 09 Jan 2024 | 2 Years 9 Months | Current |
| Sowmyanarayanan Sadagopan Also directs: Nesl E-Infrastructure Limited, Coempt Edu Teck Private Limited, Threesixtyone Degree Minds Consulting Private Limited and 2 more | Director | 16 Nov 2023 | 2 Years 11 Months | Current |
| Tekkar Yashwanth Prabhu Also directs: Natural Capsules Limited, Natural Biogenex Private Limited, Simplepay Finance Private Limited and 2 more | Director | 16 Nov 2023 | 2 Years 11 Months | Current |
| Mahabaleshwar Ramayya Hegde | Director | 27 Jan 2022 | 4 Years 8 Months | Current |
Auditor
Brickwork Ratings India Private Limited is audited by Balakrishna & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Balakrishna & Co | FY 2023 | 004835S |
Shareholding
The shareholding of Brickwork Ratings India 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 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 Brickwork Ratings India Private Limited, buy the company report.
Deals & funding
Brickwork Ratings India Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.38 Cr; the latest was in August 2015.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Secondary share transfer | Undisclosed | Seller: Lexical Trading Private Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: GTL Limited |
| Aug 2014 | Secondary share transfer | Undisclosed | Buyer: Lexical Trading Private Limited Seller: GTL Limited |
| Jul 2013 | Funding round | ₹1.38 Cr | Investors: Canara Bank |
| Jan 2008 | Funding round | ₹5 Cr | Investors: GTL Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Brickwork Ratings India Private Limited has 88 court cases on record: 12 filed by Brickwork Ratings India, 76 filed against it. 41 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 75 | 68 | 36 |
| Supreme Court | 5 | 4 | 1 |
| District courts | 4 | 4 | 1 |
| NCLAT | 4 | 0 | 3 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Appeal | Filed against the company by M/S Chaturvedi and Shah LLP | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Chaturvedi and Shah LLP | Pending |
| High Court, TAMIL NADU | Court case (OSA(CAD)) | Filed against the company by Chaturvedi and Shah LLP Anirudh Krishnan, Adarsh Subramanian,Sasank Iyer,K.Mohit Kumar,Varun Venkatesan,Rupikaa Srinivasan | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Rajesh Exports Limited | Pending |
| High Court | Writ petition | Filed against the company by Electronics and Controls Power Systems Pvt Ltd and 1 other | Pending |
To see the full case history of Brickwork Ratings India 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
Brickwork Ratings India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Balakrishna Consulting LLP |
To see the full MSME payment records of Brickwork Ratings India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Brickwork Ratings India has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB3136C1Z3 | Karnataka | Active | 01 Jul 2017 |
| 24AADCB3136C1ZD | Gujarat | Active | 01 Jul 2017 |
| 27AADCB3136C1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 33AADCB3136C1ZE | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Brickwork Ratings India Private Limited, buy the company report.
Recent activity
Brickwork Ratings India Private Limited has 23 board changes on record since 2007: 8 appointments and 15 cessations. The latest: Chandru Badrinarayanan ceased to be Additional Director on 27 Aug 2024.
14 earlier events are in the company report.
News
Frequently asked questions
Brickwork Ratings India is an active private limited company based in Bangalore, Karnataka, India. The company works in credit rating agencies, within the financial services industry. It was incorporated on 13 August 2007 (19+ years old) and is registered under CIN U67190KA2007PTC043591.
Brickwork Ratings India has 8 current directors:
- Sudha Ravi - Director
- Chandru Badrinarayanan - Director
- Santosh Balachandran Nayar - Director
- Sowmyanarayanan Sadagopan - Director
- Tekkar Yashwanth Prabhu - Director
- Mahabaleshwar Ramayya Hegde - Director
- Balasubramanian Nagarajan - Director
- Sangeeta Vivek Kulkarni - Director
The latest financial statements of Brickwork Ratings India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Brickwork Ratings India is 29AADCB3136C1Z3, registered in Karnataka. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 24AADCB3136C1ZD (Gujarat), 27AADCB3136C1Z7 (Maharashtra), 33AADCB3136C1ZE (Tamil Nadu).
The CIN (Corporate Identification Number) of Brickwork Ratings India is U67190KA2007PTC043591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brickwork Ratings India has 88 court cases on record: 12 filed by the company and 76 filed against it. 41 are pending. Most are in the high courts.
Brickwork Ratings India was incorporated on 13 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Brickwork Ratings India has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.38 Cr; the latest was in August 2015.
Chandru Badrinarayanan ceased to be Additional Director on 27 Aug 2024. Sowmyanarayanan Sadagopan ceased to be Additional Director on 27 Aug 2024. Sudha Ravi ceased to be Additional Director on 27 Aug 2024. Brickwork Ratings India has 23 board changes on record in total.
Brickwork Ratings India has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 29 Oct 2019.
Brickwork Ratings India can be reached through the website brickworkratings.com. Its registered office is in Bangalore, Karnataka, India.