About Citrus Ventures Private Limited
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Citrus Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2011PTC056810. Its GSTIN is 29AAECC2578C1ZP (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1.02 Lakh. It is led by directors Shashidhar Pai and Kondagulla Subbarao Bharath.
Its last annual general meeting (AGM) was held on 31 December 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 2025, the company reported a revenue of ₹37.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹3.56 Cr (net margin -9.5%) and EBITDA of -₹3.19 Cr (EBITDA margin -8.5%). Revenue has grown at a compounded annual rate (CAGR) of 359% over three years and 70% over five years.
The company has about 52 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Citrus Ventures. As per MCA filings, the company has open charges of ₹270.13 Cr and satisfied charges of ₹27.5 Cr on record. Court records list 29 cases involving the company, including 7 filed by the company and 22 filed against it; 10 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹15 Lakh; the latest was in January 2017.
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.
Company details
Contact details
Citrus Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is citrusventures.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address106 – 10 – 11 – 12 Amruthahalli Bellary Road, Bangalore, Karnataka, India – 560092
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Citrus Ventures 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
Citrus Ventures operates one associated brand: Citrus Ventures. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial and residential project development services are provided. | citrusventures.in |
Business activity
The main business activity of Citrus Ventures is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Citrus Ventures Private Limited, buy the company report.
Financials of Citrus Ventures Private Limited
FY 2025 filings availableCitrus Ventures Private Limited reported revenue of ₹37.3 Cr (up 199% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 70% over five years, including 199% growth in the latest year. EBITDA rose 57% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹3.19 Cr | ||||
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| Net Profit (PAT) | -₹3.56 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -8.5% | ||||
| Net Profit Margin | -9.5% | ||||
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To see the full financial statements and ratios of Citrus Ventures Private Limited, buy the company report.
Board of directors of Citrus Ventures Private Limited
Citrus Ventures has 2 current directors and 4 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 | 25 Jan 2011 | 15 Years 8 Months | Current |
| Kondagulla Subbarao Bharath | Director | 01 Oct 2013 | 13 Years 0 Months | Current |
Auditor
Citrus Ventures Private Limited is audited by P D SARANG & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P D SARANG & ASSOCIATES | FY 2019 | 013423S |
Shareholding
The shareholding of Citrus Ventures Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Citrus Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2021 | 100466614 | Others | ₹237 Cr | Open | |
| 17 Oct 2020 | 100406140 | Others | ₹14.13 Cr | Open | |
| 22 Nov 2017 | 100150752 | Others | ₹4 Cr | Open | |
| 16 Mar 2017 | 100145405 | Others | ₹15 Cr | Open | |
| 11 Oct 2017 | 100147645 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Citrus Ventures Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Citrus Ventures Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹15 Lakh; the latest was in January 2017.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Funding round | Undisclosed | Investors: Brand Capital |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Feb 2012 | Funding round | ₹15 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Citrus Ventures Private Limited has 29 court cases on record: 7 filed by Citrus Ventures, 22 filed against it. 10 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 10 | 4 |
| District courts | 12 | 9 | 3 |
| NCLAT | 3 | 3 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Interim or miscellaneous application | Filed by the company against M/S Triangle Realty Ventures Pvt Ltd and 3 others | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Bcil Yelahanka Projects LLP | Pending |
| NCLAT, Court III | Tribunal matter | Filed against the company by Bcil Yelahanka Projects LLP | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Bcil Yelahanka Projects LLP | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Bcil Red Earth Developers India Private Limited | Disposed |
To see the full case history of Citrus Ventures 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 Citrus Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Citrus Ventures has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Citrus Infrastructure Private Limited | U45201KA2010PTC055790 | |
| Citrus Properties Private Limited | U70101KA2010PTC054704 | |
| Gmap Intelligence Private Limited | U70102KA2010PTC054287 |
To see the full group structure of Citrus Ventures Private Limited, buy the company report.
Employees & EPFO
Citrus Ventures Private Limited has a workforce of 52 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Citrus Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECC2578C1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Citrus Ventures Private Limited, buy the company report.
Recent activity
Citrus Ventures Private Limited has 6 board changes on record since 2011: 2 appointments and 4 cessations. The latest: Vinod Sudhindran Menon Kumar ceased to be Director on 05 Aug 2017.
10 earlier events are in the company report.
Frequently asked questions
Citrus Ventures 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 25 January 2011 (15+ years old) and is registered under CIN U70100KA2011PTC056810.
Citrus Ventures has 2 current directors:
- Shashidhar Pai - Director
- Kondagulla Subbarao Bharath - Director
The latest financial statements of Citrus Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Citrus Ventures is 29AAECC2578C1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Citrus Ventures is U70100KA2011PTC056810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citrus Ventures has 29 court cases on record: 7 filed by the company and 22 filed against it. 10 are pending. Most are in the high courts.
Citrus Ventures was incorporated on 25 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Citrus Ventures has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹15 Lakh; the latest was in January 2017.
Vinod Sudhindran Menon Kumar ceased to be Director on 05 Aug 2017. Jabbar Tanveer ceased to be Director on 05 Jan 2015. Kondagulla Subbarao Bharath ceased to be Director on 27 Aug 2014. Citrus Ventures has 6 board changes on record in total.
Citrus Ventures can be reached through the website citrusventures.in. Its registered office is in Bangalore, Karnataka, India.