About Cornerstone Properties Private Limited
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Cornerstone Properties Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Bpk Holdings Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 03 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U07010KA2004PTC033504. Its GSTIN is 29AACCC3343B1Z4 (Karnataka).
The company has an authorised share capital of ₹25.01 Cr and a paid-up capital of ₹22.93 Cr. It is led by directors Byappanahalli Prabhakara Reddy Kumar Babu and Kumudha Kumarbabu.
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 583 1st Cross 9th Main Off Cmh Road 1st Stage Indiranagar, Bengaluru, Karnataka, India – 560038.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.12 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹40.46 Lakh (net margin 36%) and EBITDA of ₹41.24 Lakh (EBITDA margin 36.7%). Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 41% over five years.
The company has about 40 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries and 1 joint venture.
The company is associated with 1 brand: CornerStone India. As per MCA filings, the company has open charges of ₹2,193.49 Cr and satisfied charges of ₹381.87 Cr on record. Court records list 77 cases involving the company, including 33 filed by the company and 44 filed against it; 16 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹49 Lakh; the latest was in May 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cornerstoneindia.in.
Company details
Contact details
Cornerstone Properties Private Limited's registered office is in Bengaluru, Karnataka. Its website is cornerstoneindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address583 1st Cross 9th Main Off Cmh Road 1st Stage Indiranagar, Bengaluru, Karnataka, India – 560038
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Cornerstone Properties 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
Cornerstone Properties operates one associated brand: CornerStone India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development for residential, commercial, warehousing, and logistics in Bengaluru. | cornerstoneindia.in |
Business activity
The main business activity of Cornerstone Properties 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 Cornerstone Properties Private Limited, buy the company report.
Financials of Cornerstone Properties Private Limited
FY 2024 filings availableCornerstone Properties Private Limited reported revenue of ₹1.12 Cr (up 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 50% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 41%. EBITDA rose 341% 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 | ₹41.24 Lakh | ||||
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| Net Profit (PAT) | ₹40.46 Lakh | ||||
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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 | 36.7% | ||||
| Net Profit Margin | 36% | ||||
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To see the full financial statements and ratios of Cornerstone Properties Private Limited, buy the company report.
Board of directors and KMP of Cornerstone Properties Private Limited
Cornerstone Properties Private Limited currently reports 2 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tirumala Rajagopala Rao Also directs: WMG Investment Advisors LLP, WMG Edge Properties LLP | Company Secretary | 01 Jul 2024 | 2 Years 3 Months | Current |
| Byappanahalli Prabhakara Reddy Kumar Babu Also directs: Cornerstone Eden Developments LLP, BPK Developments LLP, Augelite Properties LLP and 5 more | Director | 03 Mar 2004 | 22 Years 7 Months | Current |
| Kumudha Kumarbabu Also directs: BPK Developments LLP, Chrysolite Property Developments Private Limited, Cornerstone Property Developers Private Limited and 5 more | Director | 24 Jan 2005 | 21 Years 9 Months | Current |
Auditor
Cornerstone Properties Private Limited is audited by B S VENKATACHALAPATHY & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S VENKATACHALAPATHY & CO | FY 2023 | 013037S |
Shareholding
The shareholding of Cornerstone Properties 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cornerstone Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2024 | 100934018 | Others | ₹1.4 Cr | Open | |
| 25 Apr 2024 | 100934084 | Others | ₹2.7 Cr | Open | |
| 24 Nov 2023 | 100825507 | Others | ₹29.5 Lakh | Open | |
| 16 Nov 2023 | 100825505 | Others | ₹34.3 Lakh | Open | |
| 03 Nov 2023 | 100829508 | Others | ₹47 Lakh | Open |
To see the full charge records of Cornerstone Properties Private Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Cornerstone Properties Private Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹49 Lakh; the latest was in May 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Oct 2007 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Sep 2007 | Acquisition | ₹22.12 Cr | Buyer: BPK Holdings Private Limited |
| Mar 2005 | Funding round | ₹49 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cornerstone Properties Private Limited has 77 court cases on record: 33 filed by Cornerstone Properties, 44 filed against it. 16 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 46 | 28 | 10 |
| High courts | 25 | 12 | 5 |
| NCLT | 5 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (AA) | Filed by the company against Subhadra | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against M/S Mantri Cornerstone Holdings Private Limited and 2 others | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Yes Bank Ltd | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by Salarpuria Hi-Rise Pvt. Ltd. Rep. by Ashwin Sancheti | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Asset Reconstruction Company India Limited and 1 other | Disposed |
To see the full case history of Cornerstone Properties 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 Cornerstone Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Cornerstone Properties has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Maverick Property Investments Private Limited | U45200KA2007PTC042003 | |
| Cornerstone Property Developers Private Limited | U45200KA2014PTC073997 | |
| Cornerstone Bay City Developments Private Limited | U45201KA2010PTC053196 | |
| Cornerstone Bay East Developers Private Limited | U45205KA2015PTC081531 |
To see the full group structure of Cornerstone Properties Private Limited, buy the company report.
Employees & EPFO
Cornerstone Properties Private Limited has a workforce of 40 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Cornerstone Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC3343B1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cornerstone Properties Private Limited, buy the company report.
Recent activity
Cornerstone Properties Private Limited has 7 board changes on record since 2004: 3 appointments and 4 cessations. The latest: Tirumala Rajagopala Rao was appointed as Company Secretary on 01 Jul 2024.
53 earlier events are in the company report.
Frequently asked questions
Cornerstone Properties is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 03 March 2004 (22+ years old) and is registered under CIN U07010KA2004PTC033504.
Cornerstone Properties has 3 current directors and KMP:
- Byappanahalli Prabhakara Reddy Kumar Babu - Director
- Kumudha Kumarbabu - Director
- Tirumala Rajagopala Rao - Company Secretary
The latest financial statements of Cornerstone Properties on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Cornerstone Properties is 29AACCC3343B1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Cornerstone Properties is U07010KA2004PTC033504. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cornerstone Properties has 77 court cases on record: 33 filed by the company and 44 filed against it. 16 are pending. Most are in the district courts.
Cornerstone Properties was incorporated on 03 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Cornerstone Properties has 4 deals on record (2 secondary share transfers, 1 funding round, 1 acquisition), with disclosed funding of ₹49 Lakh; the latest was in May 2019.
Tirumala Rajagopala Rao was appointed as Company Secretary on 01 Jul 2024. Akshay Kumar Babu Reddy ceased to be Director on 22 Jul 2021. Aishwarya Reddy Kumar Babu ceased to be Additional Director on 30 Sep 2019. Cornerstone Properties has 7 board changes on record in total.
Cornerstone Properties can be reached through the website cornerstoneindia.in. Its registered office is in Bengaluru, Karnataka, India.