About Citrus Properties Private Limited
Data last updated:
Citrus Properties Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Citrus Ventures Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 06 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA2010PTC054704. Its GSTIN is 29AAECC0859Q1Z0 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shashidhar Pai and Kondagulla Subbarao Bharath.
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 106 – 10 – 11 – 12 Amruthahalli Bellary Road, Bangalore, Karnataka, India – 560092.
As per the financials filed for FY 2021, the company reported a revenue of ₹2.09 Lakh, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹4.04 Cr and EBITDA of -₹2.11 Cr. Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 38% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website citrusventures.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address106 – 10 – 11 – 12 Amruthahalli Bellary Road, Bangalore, Karnataka, India – 560092
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
The main business activity of Citrus Properties 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
Financials of Citrus Properties Private Limited
FY 2025 filings availableCitrus Properties Private Limited reported revenue of ₹2.09 Lakh (down 26% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 26% fall in the latest year. EBITDA fell 385% 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| 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 | -₹2.11 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹4.04 Cr | |
| 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
| Metrics | FY 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | |
| Net Profit Margin | •••• | |
| 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, and every line for FY 2016-17 to FY 2019-20, 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 Citrus Properties are in the company report.
: available in the company report
Board of Directors of Citrus Properties Private Limited
Citrus Properties has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashidhar Pai Also directs: Citrus Ventures Projects LLP, CV Techpark LLP, Citrus Shelters Private Limited and 5 more | Director | 12 Nov 2010 | 15 Years 11 Months | Current |
| Kondagulla Subbarao Bharath | Director | 01 Oct 2013 | 13 Years 0 Months | Current |
Auditor Details
Citrus Properties Private Limited is audited by P D SARANG & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P D SARANG & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Feb 2017 | Others | ₹15 Cr | Open |
Total charge records: 1 View all charges
Legal Cases
Citrus Properties Private Limited has 4 court cases on record: 4 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by individuals | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Citrus Properties.
: available in the company report
Recent Activity
Citrus Properties Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Vinod Sudhindran Menon Kumar ceased to be Director on 31 Aug 2017.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Citrus Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECC0859Q1Z0 | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Citrus Properties 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 06 August 2010 (16+ years old) and is registered under CIN U70101KA2010PTC054704.
Citrus Properties has 2 current directors:
- Shashidhar Pai - Director
- Kondagulla Subbarao Bharath - Director
The latest financial statements of Citrus Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Citrus Properties is 29AAECC0859Q1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Citrus Properties is U70101KA2010PTC054704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citrus Properties has 4 court cases on record: 4 filed against it. 4 are pending.
Citrus Properties was incorporated on 06 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Vinod Sudhindran Menon Kumar ceased to be Director on 31 Aug 2017. Jabbar Tanveer ceased to be Director on 05 Jan 2015. Kondagulla Subbarao Bharath ceased to be Additional Director on 28 Aug 2014. Citrus Properties has 8 board changes on record in total.
Citrus Properties can be reached through the website citrusventures.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Citrus Properties is at 106 – 10 – 11 – 12 Amruthahalli Bellary Road, Bangalore, Karnataka, India – 560092.