About Citadel Projects & Developers Private Limited
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Citadel Projects & Developers Private Limited is a private limited company based in Mangaluru, Karnataka, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 04 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45209KA2019PTC130300. Its GSTIN is 29AAICC5059N1Z0 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.87 Cr. It is led by directors including Sandeep Konchady and Ajith Kumar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at #003 Sapphire Apts Bejai Church Road Bejai, Mangaluru, Karnataka, India – 574004.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.56 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹51.68 Lakh (net margin 6.8%) and EBITDA of ₹56.46 Lakh (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 226% over three years.
The company has about 8 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 2 cases involving the company; 1 case is pending.
For more details, the company can be reached via its website dm.citadeldevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address#003 Sapphire Apts Bejai Church Road Bejai, Mangaluru, Karnataka, India – 574004
- IndustryInfrastructure and Utilities, General Construction Services
- 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
- One PDF report, delivered after checkout
Business Activity of Citadel Projects & Developers Private Limited
The main business activity of Citadel Projects & Developers is construction. In detail, this covers construction of buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Citadel Projects & Developers Private Limited FY 2025 filings available
Citadel Projects & Developers Private Limited reported revenue of ₹7.56 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Citadel Projects & Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 226% over three years, including 18% growth in the latest year. EBITDA rose 7% 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 of Citadel Projects & Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹56.46 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹51.68 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Citadel Projects & Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Citadel Projects & Developers are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Citadel Projects & Developers Private Limited
Citadel Projects & Developers Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Danta Buildcon Private Limited | •••• | •••• | •••• | •••• | - | Sanand, Gujarat, India |
| Eternal Infrasolutions Private Limited | •••• | •••• | •••• | •••• | - | Gwalior, Madhya Pradesh, India |
| Pulsar Coating Equipments Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Shree Reshi Infraspace Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Marina Piling Company Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Citadel Projects & Developers Private Limited this company | •••• | •••• | •••• | •••• | - | Mangaluru, Karnataka, India |
| RRV Infra Private Limited | •••• | •••• | •••• | •••• | 26 | Shaikpet, Telangana, India |
| Encien Engineering and Construction Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ashapura Shelters Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sunil Engicon Private Limited | •••• | •••• | •••• | •••• | - | Samastipur, Bihar, India |
| Divyaamrit Constructions (India) Private Limited | •••• | •••• | •••• | •••• | - | Nanded, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Citadel Projects & Developers by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Citadel Projects & Developers Private Limited
Citadel Projects & Developers Private Limited is audited by OLVIN HENRY RODRIGUES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| OLVIN HENRY RODRIGUES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Citadel Projects & Developers Private Limited
Citadel Projects & Developers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Konchady Also directs: Amazecrete Private Limited, Highmark Reality Private Limited, Qcrete Readymix (India) Private Limited and 1 more | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
| Ajith Kumar Also directs: Amazecrete Private Limited, Highmark Reality Private Limited, Qcrete Readymix (India) Private Limited and 1 more | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
| Ramkumar Bekal Also directs: Amazecrete Private Limited, Highmark Reality Private Limited, Qcrete Readymix (India) Private Limited and 1 more | Director | 04 Dec 2019 | 6 Years 10 Months | Current |
Ownership and Shareholding of Citadel Projects & Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Citadel Projects & Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2025 | Others | ₹90 Cr | Open |
| 14 Jun 2024 | Others | ₹10 Cr | Open |
| 30 Aug 2022 | Others | ₹35 Cr | Open |
| 16 Oct 2021 | Karnataka Bank Ltd. | ₹4.5 Cr | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Citadel Projects & Developers Private Limited
Citadel Projects & Developers Private Limited has 2 court cases on record: 2 where it is another party. 1 case is pending and 1 is disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Company is another party | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Civil suit | Company is another party | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Citadel Projects & Developers Private Limited
Citadel Projects & Developers Private Limited has 7 MSME Form 1 returns on record between 2021 and 2024, listing 44 overdue payments to 21 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 (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cad Solar System | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ultratech Cement Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 7 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Citadel Projects & Developers Private Limited
Employment history and EPFO contributions of people linked to Citadel Projects & Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Citadel Projects & Developers Private Limited
Citadel Projects & Developers Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Ajith Kumar was appointed as Director on 04 Dec 2019.
Credit Ratings, Litigation & Regulatory Alerts for Citadel Projects & Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Citadel Projects & Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Citadel Projects & Developers Private Limited
Citadel Projects & Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICC5059N1Z0 | Karnataka | Active | 18 Mar 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Citadel Projects & Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Citadel Projects & Developers Private Limited
Citadel Projects & Developers is an active private limited company based in Mangaluru, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 04 December 2019 (7+ years old) and is registered under CIN U45209KA2019PTC130300.
Citadel Projects & Developers reported revenue of ₹7.56 Cr for FY 2025 (up 18% YoY).
Citadel Projects & Developers has 3 current directors:
- Sandeep Konchady - Director
- Ajith Kumar - Director
- Ramkumar Bekal - Director
Citadel Projects & Developers reported a net profit of ₹51.68 Lakh (net margin 6.8%) and EBITDA of ₹56.46 Lakh (EBITDA margin 7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Citadel Projects & Developers is 226% over three years. In the latest year (FY 2025) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Citadel Projects & Developers is 29AAICC5059N1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Citadel Projects & Developers is U45209KA2019PTC130300. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citadel Projects & Developers has 2 court cases on record. 1 is pending.
Citadel Projects & Developers was incorporated on 04 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Citadel Projects & Developers by revenue are Danta Buildcon Private Limited, Eternal Infrasolutions Private Limited, Pulsar Coating Equipments Private Limited, Shree Reshi Infraspace Private Limited, Marina Piling Company Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Ajith Kumar was appointed as Director on 04 Dec 2019. Ramkumar Bekal was appointed as Director on 04 Dec 2019. Sandeep Konchady was appointed as Director on 04 Dec 2019.
Citadel Projects & Developers has 7 MSME Form 1 returns on record between 2021 and 2024, listing 44 overdue payments to 21 micro and small suppliers. The latest return was filed on 18 Apr 2024.