Coastal Local Area Bank Limited - Company Profile

It is a financial services public limited company based in Vijayawada, Andhra Pradesh, India, established in 1999.
1999 Vijayawada, Andhra Pradesh, India Active
Last Updated:
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About Coastal Local Area Bank Limited

Coastal Local Area Bank Limited, a active public limited company, was established on 12 May 1999 in Vijayawada, Andhra Pradesh, India. Engaging in banking institutions within the financial and insurance service sector, it holds CIN: U65993AP1999PLC031684. Registered under ROC Roc Vijayawada. it is unlisted. It has an authorized capital of ₹45.00 Cr and a paid-up capital of ₹23.02 Cr.

It upholds a compliant status. Employing 252 professional, Its leadership includes Venugopala Bommareddy Reddy (Managing Director), Indrajit Bardhan (Director), Thimmichetty Ravee (Director). Past directors included Seshadri Naidu Dama, Venkateswara Rao Pedarla, Hemang Harish Raja. Its latest AGM occurred on 02 August 2025, with the balance sheet filed on 31 March 2025. It is based at D.No.59-12-6, Graceline Ghantalasalavari Street, Gayatri Nagar, Vijayawada, Andhra Pradesh, 520008.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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Company Details

  • CIN/LLPIN

    U65993AP1999PLC031684

  • Registration Number

    031684

  • Incorporation Date

    12 May 1999

  • Authorized Capital

    ₹45.00 Cr

  • Paid-Up Capital

    ₹23.02 Cr

  • ROC Code

    Roc Vijayawada

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 23.02 Cr
  • Company Age 26 Year, 9 Months
  • Last Filing with ROC 31 Mar 2025
Company report

Coastal Local Area Bank Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Coastal Local Area Bank Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Coastal Local Area Bank Limited?
Current Directors
Name Designation Appointment Date Status
Venugopala Bommareddy Reddy Managing Director 25 Jan 2019 Current
Indrajit Bardhan Director 17 Oct 2023 Current
Thimmichetty Ravee Director 26 Dec 2020 Current
Balaji Gopalakrishnan Additional Director 17 May 2025 Current
Appaiah Natarajan Adayapalam Director 18 May 2019 Current
Venkataraman Krishnamoorthy Director 16 Dec 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 28 Mar 2008 Past
Pramod Abcsdd Director 16 Apr 2010 Past
Pramod Abcsdd Additional Director 22 Sep 2012 Past
Pramod Abcsdd Director 13 Apr 2016 Past
Pramod Abcsdd Director 15 Feb 2019 Past
Pramod Abcsdd Additional Director 25 Jan 2019 Past

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Financial Performance of Coastal Local Area Bank.

Enhance accessibility to Coastal Local Area Bank's financial data by unlocking access to both Standalone and Consolidated balance sheets, Profit & Loss Statements, Ratios, Related Party Transactions, and additional relevant information.

Coastal Local Area Bank revenue growth over time
Coastal Local Area Bank profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Coastal Local Area Bank?

In 2023, Coastal Local Area Bank had a public holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Coastal Local Area Bank?

Coastal Local Area Bank has a workforce of 252 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
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Alerts
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Latest Updates, News, and FAQs on Coastal Local Area Bank
Recent Activity within the Organization
  • Annual General Meeting

    The activity Coastal Local Area Bank Limited last Annual general meeting of members was held on 02 Aug 2025 as per latest MCA records. was completed.

  • Director Appointment

    The activity Balaji Gopalakrishnan was appointed as a Additional Director was appointed as a Additional Director on 17 May 2025 & has been associated with this company since 9 months 22 days . was completed.

  • Balance Sheet

    The activity Coastal Local Area Bank Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada. was completed.

  • Director Appointment

    Progress on Indrajit Bardhan was appointed as a Director was appointed as a Director on 17 Oct 2023 & has been associated with this company since 2 years 4 months . was documented.

  • Director Appointment

    Progress on Nagalakshmi Ramachandrula was appointed as a Company Secretary was appointed as a Company Secretary on 25 Jun 2021 & has been associated with this company since 4 years 8 months . was documented.

  • Director Appointment

    The activity Thimmichetty Ravee was appointed as a Director was appointed as a Director on 26 Dec 2020 & has been associated with this company since 5 years 2 months . was completed.

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Frequently Asked Questions
What is the CIN of Coastal Local Area Bank Limited?

The CIN of Coastal Local Area Bank Limited is U65993AP1999PLC031684.

Where is Coastal Local Area Bank Limited headquartered?

Coastal Local Area Bank Limited is headquartered at D.No.59-12-6, Graceline Ghantalasalavari Street, Gayatri Nagar, Vijayawada, Andhra Pradesh, 520008.

When was Coastal Local Area Bank Limited incorporated?

Coastal Local Area Bank Limited was incorporated on 12 May 1999.

Who are the current directors of Coastal Local Area Bank Limited?

The current directors of Coastal Local Area Bank Limited are

What is the primary industry of Coastal Local Area Bank Limited?

The primary industry of Coastal Local Area Bank Limited is Financial And Insurance Service.

Is Coastal Local Area Bank Limited a listed company?

Coastal Local Area Bank Limited is unlisted.

What is the capital structure of Coastal Local Area Bank Limited?

The authorized capital of Coastal Local Area Bank Limited is ₹45.00 Cr, and the paid-up capital is ₹23.02 Cr.

What is the compliance status of Coastal Local Area Bank Limited?

The compliance status of Coastal Local Area Bank Limited is Compliant.

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