About Coretech Ventures (Bangalore) Private Limited
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Coretech Ventures (Bangalore) 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 17 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2013PTC069170. Its GSTIN is 29AAFCC2775E1ZL (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹12 Lakh. It is led by directors Balaji Pandurangasetty Ganapa and Srinivasulu Sagiraju.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Divyasree Chambers A – Wing No. 11 O'Shaugnessy Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.09 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹6.18 Cr (net margin 13.1%) and EBITDA of ₹28.66 Cr (EBITDA margin 60.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹195.98 Cr and satisfied charges of ₹638.2 Cr on record. Court records list 9 cases involving the company, including 6 filed by the company and 3 filed against it; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website divyasree.com.
Company details
Contact details
Coretech Ventures (Bangalore) Private Limited's registered office is in Bangalore, Karnataka. Its website is divyasree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDivyasree Chambers A – Wing No. 11 O'Shaugnessy Road, Bangalore, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Coretech Ventures (Bangalore) 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
Business activity
The main business activity of Coretech Ventures (Bangalore) 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 Coretech Ventures (Bangalore) Private Limited, buy the company report.
Financials of Coretech Ventures (Bangalore) Private Limited
FY 2024 filings availableCoretech Ventures (Bangalore) Private Limited reported revenue of ₹47.09 Cr (up 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 36% growth in the latest year. EBITDA rose 3% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹28.66 Cr | ||||
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| Net Profit (PAT) | ₹6.18 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 | 60.9% | ||||
| Net Profit Margin | 13.1% | ||||
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To see the full financial statements and ratios of Coretech Ventures (Bangalore) Private Limited, buy the company report.
Board of directors of Coretech Ventures (Bangalore) Private Limited
Coretech Ventures (Bangalore) 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 |
|---|---|---|---|---|
| Balaji Pandurangasetty Ganapa | Director | 15 Jun 2017 | 9 Years 4 Months | Current |
| Srinivasulu Sagiraju Also directs: Deccan Stonevogue LLP, V Squared I Spaces LLP, Metro Property Management Services (Bangalore) Private Limited and 4 more | Director | 15 Jun 2017 | 9 Years 4 Months | Current |
Auditor
Coretech Ventures (Bangalore) Private Limited is audited by Miranda Mohan Kumar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Miranda Mohan Kumar & Co. | FY 2023 | 008147S |
Shareholding
The shareholding of Coretech Ventures (Bangalore) 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) | |||||
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| Others |
To see the full shareholding pattern of Coretech Ventures (Bangalore) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2025 | 101123257 | Others | ₹98 Lakh | Open | |
| 06 Dec 2021 | 100519383 | Karnataka Bank Ltd. | ₹195 Cr | Open | |
| 28 Jun 2017 | 100107234 | Idbi Trusteeship Services Limited | ₹153.2 Cr | Satisfied | |
| 10 Jun 2013 | 10432720 | Idbi Trusteeship Services Limited | ₹485 Cr | Satisfied |
To see the full charge records of Coretech Ventures (Bangalore) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Coretech Ventures (Bangalore) Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Coretech Realty Private Limited Seller: Chalukya Technologies Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Coretech Ventures (Bangalore) Private Limited has 9 court cases on record: 6 filed by Coretech Ventures (Bangalore), 3 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 4 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The Deputy Commissioner of Income Tax | Pending |
| High Court | Tax appeal | Filed by the company against The Principal Commissioner of Income Tax | Pending |
| High Court of Karnataka | Appeal | Filed against the company by The Deputy Commissioner | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by The Deputy Commissioner of Income Tax, | Disposed |
| High Court, KARNATAKA | Court case (RP) | Filed against the company by The State of Karnataka and 1 other | Disposed |
To see the full case history of Coretech Ventures (Bangalore) 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 Coretech Ventures (Bangalore) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coretech Ventures (Bangalore) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCC2775E1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coretech Ventures (Bangalore) Private Limited, buy the company report.
Recent activity
Coretech Ventures (Bangalore) Private Limited has 6 board changes on record since 2017: 2 appointments and 4 cessations. The latest: Balaji Pandurangasetty Ganapa ceased to be Additional Director on 30 Sep 2017.
5 earlier events are in the company report.
Frequently asked questions
Coretech Ventures (Bangalore) 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 17 May 2013 (13+ years old) and is registered under CIN U70100KA2013PTC069170.
Coretech Ventures (Bangalore) has 2 current directors:
- Balaji Pandurangasetty Ganapa - Director
- Srinivasulu Sagiraju - Director
The latest financial statements of Coretech Ventures (Bangalore) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Coretech Ventures (Bangalore) is 29AAFCC2775E1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Coretech Ventures (Bangalore) is U70100KA2013PTC069170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coretech Ventures (Bangalore) has 9 court cases on record: 6 filed by the company and 3 filed against it. 4 are pending.
Coretech Ventures (Bangalore) was incorporated on 17 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.
Coretech Ventures (Bangalore) has 1 deal on record (1 secondary share transfer); the latest was in September 2014.
Balaji Pandurangasetty Ganapa ceased to be Additional Director on 30 Sep 2017. Srinivasulu Sagiraju ceased to be Additional Director on 30 Sep 2017. Arathi Bhaskar Raju ceased to be Director on 15 Jun 2017. Coretech Ventures (Bangalore) has 6 board changes on record in total.
Coretech Ventures (Bangalore) can be reached through the website divyasree.com. Its registered office is in Bangalore, Karnataka, India.