Croissance Limited - construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN L11019KA1994PLC103470 Incorporated 07 April 1994 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - BSE: 531909 Public Limited Company construction
Data last updated
Market Cap
₹6.99 Cr
CROISSANCE · BSE
Share Price
₹1.07
+4.90% today
Revenue
₹0.61 Cr
FY 2025-26 · +510.0% YoY
EBITDA
−₹0.13 Cr
Margin -21.3%
Net Profit
₹0.05 Cr
FY 2025-26 · +600.0% YoY
P/E (TTM)
161.2x
P/B 0.9x
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹6.85 Cr
Issued & subscribed

About Croissance Limited

Data last updated:

Croissance Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the plumbing services and construction specialties segment of the construction sector. It was incorporated on 07 April 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L11019KA1994PLC103470. It is a listed company as per MCA records. Its shares are listed on BSE: 531909.

The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.85 Cr. It was formerly known as Bahri and Corbel India Limited and Memory Polymers Pvt Ltd. It is led by directors including Sravan Prabhakar Veledandi (Managing Director) and Hemant Bahri (Managing Director).

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹61 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5 Lakh (net margin 8.2%) and EBITDA of -₹13 Lakh (EBITDA margin -21.3%). The net worth stands at ₹7.89 Cr (up 0.6% YoY). Total assets are valued at ₹8.81 Cr (up 12.4% YoY).

The company is associated with 1 brand: Swagruha Infrastructure. The company has 40 deals on record (39 market trades, 1 acquisition); the latest was in September 2026.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swagruha.net.

Company details

CIN L11019KA1994PLC103470
Registration Number 103470
Incorporation Date 07 April 1994
ROC Bangalore
Listing Status Listed - Listed on BSE (531909)
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Croissance has undergone 4 name changes throughout its history. The current legal name is Croissance Limited.

Company NameStatus
Croissance LimitedCurrent
Bahri And Corbel India LimitedPrevious
Memory Polymers Pvt LtdPrevious
Bahri And Corbel Hospitality LimitedPrevious
Swagruha Infrastructure LimitedPrevious

CIN history

Croissance has 8 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L11019KA1994PLC103470, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L11019KA1994PLC103470Current
L24134AP1994PTC017327Previous
L55100KA1994PLC103470Previous
U24134TG1994PLC017327Previous
L11010KA1994PLC103470Previous
L24134AP1994PLC017327Previous
L24134KA1994PLC103470Previous
L24134TG1994PLC017327Previous
U24134AP1994PLC017327Previous

Contact details

Croissance Limited's registered office is in Bangalore, Karnataka.

  • Registered Address
    306 1st Floor 17th Cross, 2nd Block, Bangalore, Karnataka, India – 560032
  • Industry
    Construction, Plumbing Services & Construction Specialties, Electrical Services, Demolition & Construction Services
Comprehensive company report
Croissance Limited - one report that includes everything
  • 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
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Brands

Croissance operates one associated brand: Swagruha Infrastructure. Each brand links to its own profile.

BrandDescriptionWebsite
Commercial properties are developed in Hyderabad, India.swagruha.net

Business activity

The main business activity of Croissance is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
IAccommodation and Food ServiceI1Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc.

To see the full business activity and turnover split of Croissance Limited, buy the company report.

Financials of Croissance Limited

FY 2025-26 filings available

Croissance Limited reported revenue of ₹61 Lakh (up 510% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹0.61 Cr
+510.0% YoY
EBITDA
−₹0.13 Cr
-116.7% YoY
Profit After Tax
₹0.05 Cr
+600.0% YoY
Net Worth
₹7.89 Cr
+0.6% YoY
Total Assets
₹8.81 Cr
+12.4% YoY
Total Debt
₹0.91 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue0.610.100.662.600.20
Revenue growth+510.0%-84.9%-74.6%+1200.0%-
EBITDA(0.13)(0.06)0.080.590.06
EBITDA margin-21.3%-60.0%+12.1%+22.7%+30.0%
Profit before tax0.070.000.090.710.20
Net profit0.05(0.01)0.070.490.14
Net profit margin+8.2%-10.0%+10.6%+18.9%+70.0%
EPS (₹)0.010.000.010.070.02
Balance sheet
Total assets8.817.847.898.267.77
Net worth7.897.847.857.777.28
Total debt0.910.000.040.490.49
Cash & bank0.030.000.630.000.00
Net working capital8.717.840.681.070.53
Cash flow
Cash from operations(0.30)1.751.09(0.05)(0.18)
Cash from investing(0.58)(2.35)(0.01)0.05(0.12)
Cash from financing0.91(0.04)(0.46)0.000.41
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Other income0.090.000.200.200.130.00(0.07)0.13
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
Net profit0.000.010.010.020.010.43(0.27)(0.16)
EPS (₹)0.000.000.000.000.000.06(0.03)(0.02)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue0.610.100.662.600.200.060.21
Revenue growth+510.0%-84.9%-74.6%+1200.0%+233.3%-71.4%-
EBITDA(0.12)(0.06)0.080.590.060.030.05
EBITDA margin-19.7%-60.0%+12.1%+22.7%+30.0%+50.0%+23.8%
Profit before tax0.080.000.090.710.200.030.05
Net profit0.06(0.01)0.070.490.140.020.04
Net profit margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
EPS (₹)0.010.000.010.070.020.000.01
Balance sheet
Total assets8.807.847.898.267.777.567.13
Net worth7.897.847.857.777.287.147.12
Total debt0.910.000.040.490.490.410.00
Cash & bank0.030.000.630.000.000.000.00
Net working capital8.807.840.681.070.531.120.82
Cash flow
Cash from operations(0.30)1.751.09(0.05)(0.18)(0.29)0.00
Cash from investing(0.58)(2.35)(0.01)0.05(0.12)(0.12)0.00
Cash from financing0.91(0.04)(0.46)(0.11)0.410.410.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Other income0.090.000.200.200.130.00(0.07)0.13
Total expenses0.120.250.190.180.12(0.43)0.200.29
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Other income0.090.000.200.200.130.00(0.07)0.13
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
Net profit0.000.010.010.020.010.43(0.27)(0.16)
EPS (₹)0.000.000.000.000.000.06(0.03)(0.02)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue0.610.100.662.600.20
Revenue growth+510.0%-84.9%-74.6%+1200.0%-
Other income0.200.060.010.120.14
Total expenses0.740.160.582.010.14
Employee cost0.000.020.020.180.05
EBITDA(0.13)(0.06)0.080.590.06
EBITDA margin-21.3%-60.0%+12.1%+22.7%+30.0%
Depreciation0.000.000.000.000.00
Interest0.000.000.000.000.00
Profit before tax0.070.000.090.710.20
Tax0.020.010.020.220.06
Net profit0.05(0.01)0.070.490.14
Net profit margin+8.2%-10.0%+10.6%+18.9%+70.0%
EPS (₹)0.010.000.010.070.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital6.856.856.856.856.85
Reserves & surplus1.040.991.000.920.43
Shareholders' funds (net worth)7.897.847.857.777.28
Minority interest0.000.000.000.000.00
Secured loans0.910.000.000.000.00
Unsecured loans0.000.000.040.490.49
Total debt0.910.000.040.490.49
Total liabilities8.817.847.898.267.77
Assets
Gross block0.000.000.000.000.00
Net block0.000.000.000.000.00
Capital work in progress0.000.000.000.000.00
Investments0.000.000.000.000.00
Inventories0.020.000.000.000.00
Sundry debtors3.813.813.813.370.92
Cash & bank balances0.030.000.630.000.00
Loans & advances12.4111.391.500.060.06
Total current assets16.2715.205.943.430.98
Total current liabilities7.567.365.262.360.45
Net working capital8.717.840.681.070.53
Total assets8.817.847.898.267.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.000.630.000.110.00
Net cash from operating activities(0.30)1.751.09(0.05)(0.18)
Net cash from investing activities(0.58)(2.35)(0.01)0.05(0.12)
Net cash from financing activities0.91(0.04)(0.46)0.000.41
Net change in cash0.03(0.63)0.630.000.11
Closing cash0.030.000.630.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+510.0%-84.9%-74.6%+1200.0%-
EBITDA growth-116.7%-175.0%-86.4%+883.3%-
PBT growth+9997.0%+9997.0%-87.3%+255.0%+9997.0%
Net income growth+600.0%-114.3%-85.7%+250.0%-
Revenue CAGR (3Y)-38.3%-20.6%---
Profitability & leverage
Net income margin+8.2%-10.0%+10.6%+18.9%+70.0%
Return on capital employed-+0.1%+0.7%+5.2%+1.4%
Return on net worth-0.0%+0.5%+3.7%+1.0%
Debt / equity-0.000.030.070.07
Long-term debt / equity-0.000.030.070.07
Interest cover0.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.000.000.00
Inventory turnover-0.000.000.000.00
Debtors turnover-0.030.181.210.22
EPS (₹)0.010.000.010.070.02
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)0.001.141.151.131.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.030.280.000.000.000.000.000.00
Other income0.090.000.200.200.130.00(0.07)0.13
Total expenses0.120.250.190.180.12(0.43)0.200.29
EBITDA(0.09)0.03(0.19)(0.18)(0.12)0.43(0.20)(0.29)
EBITDA margin-300.0%+10.7%------
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax0.000.030.010.020.010.43(0.27)(0.16)
Tax0.000.020.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue0.610.100.662.600.200.060.21
Revenue growth+510.0%-84.9%-74.6%+1200.0%+233.3%-71.4%-
Other income0.200.060.010.120.140.000.00
Total expenses0.730.160.582.010.140.030.16
Employee cost0.000.020.000.180.050.010.02
EBITDA(0.12)(0.06)0.080.590.060.030.05
EBITDA margin-19.7%-60.0%+12.1%+22.7%+30.0%+50.0%+23.8%
Depreciation0.000.000.000.000.000.000.00
Interest0.000.000.000.000.000.000.00
Profit before tax0.080.000.090.710.200.030.05
Tax0.020.010.020.220.060.010.01
Net profit0.06(0.01)0.070.490.140.020.04
Net profit margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
EPS (₹)0.010.000.010.070.020.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.856.856.856.856.856.856.85
Reserves & surplus1.040.991.000.920.430.290.27
Shareholders' funds (net worth)7.897.847.857.777.287.147.12
Secured loans0.910.000.000.000.000.000.00
Unsecured loans0.000.000.040.490.490.410.00
Total debt0.910.000.040.490.490.410.00
Total liabilities8.807.847.898.267.777.567.13
Assets
Gross block0.000.000.000.000.000.000.00
Net block0.000.000.000.000.000.000.00
Capital work in progress0.000.000.000.000.000.000.00
Investments0.010.000.000.000.000.000.00
Inventories0.020.000.000.000.000.000.00
Sundry debtors3.813.811.353.370.921.461.15
Cash & bank balances0.030.000.630.000.000.000.00
Loans & advances12.4911.390.060.060.060.060.06
Total current assets16.3515.202.043.430.981.521.21
Total current liabilities7.557.361.362.360.450.400.39
Net working capital8.807.840.681.070.531.120.82
Total assets8.807.847.898.267.777.567.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.000.630.000.110.000.000.00
Net cash from operating activities(0.30)1.751.09(0.05)(0.18)(0.29)0.00
Net cash from investing activities(0.58)(2.35)(0.01)0.05(0.12)(0.12)0.00
Net cash from financing activities0.91(0.04)(0.46)(0.11)0.410.410.00
Net change in cash0.02(0.63)0.63(0.11)0.110.000.00
Closing cash0.030.000.630.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+510.0%-84.9%-74.6%+1200.0%+233.3%-71.4%-
EBITDA growth-100.0%-175.0%-86.4%+883.3%+100.0%-40.0%-
PBT growth+9997.0%+9997.0%-87.3%+255.0%+566.7%-40.0%-44.4%
Net income growth+700.0%-114.3%-85.7%+250.0%+600.0%-50.0%-
Revenue CAGR (3Y)-38.3%-20.6%+122.4%+131.3%-20.6%-24.6%+1.6%
EBITDA CAGR (3Y)--+38.7%+127.7%-12.6%+14.5%0.0%
Profitability & leverage
Net income margin+9.8%-10.0%+10.6%+18.9%+70.0%+33.3%+19.1%
Return on capital employed-+0.1%+0.7%+5.2%+1.4%+0.2%+0.3%
Return on net worth-0.0%+0.5%+3.7%+1.0%+0.2%+0.2%
Debt / equity-0.000.030.070.060.030.00
Long-term debt / equity-0.000.030.070.060.030.00
Interest cover0.000.000.000.000.000.000.00
Efficiency & per share
Fixed asset turnover-0.000.000.000.000.0010.50
Inventory turnover-0.000.000.000.000.000.00
Debtors turnover-0.040.281.210.170.050.19
EPS (₹)0.010.000.010.070.020.000.01
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.001.141.151.131.061.041.04

To see the full year-wise statements and ratios of Croissance Limited, buy the company report.

Board of directors of Croissance Limited

Croissance has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hriday BahriWhole-Time Director14 Jul 20215 Years 3 MonthsCurrent
Sravan Prabhakar VeledandiManaging Director14 Jul 20215 Years 3 MonthsCurrent
Sowmya RanganathDirector19 Feb 20215 Years 8 MonthsCurrent
Hemant BahriManaging Director14 Jul 20215 Years 3 MonthsCurrent
Amaresh Rao GaikwadWhole-Time Director19 Feb 20215 Years 8 MonthsCurrent
Shivani MardaDirector27 Aug 20251 Years 2 MonthsCurrent

Deals & funding

Croissance Limited has 40 deals on record (39 market trades, 1 acquisition); the latest was in September 2026.

Total deals
40
Market trades
39
Acquisition
1

Deals on record (5 of 40)

WhenDealAmountParties
Sep 2026Market trade₹5.2 LakhSeller: Apple Equifin P Ltd
Aug 2026Market trade₹24.8 LakhBuyer: Apple Equifin P Ltd
Seller: an individual
Feb 2026Market trade₹24.8 LakhBuyer: Suryaveer Trading Private Limited
Seller: an individual
Dec 2025Market trade₹49.9 LakhBuyer: Capify Finserve Private Limited , Vinod Kumar Kandoi Huf, Gauri Nandan Traders
Seller: Orange Mist Productions Private Limited , Gauri Nandan Traders
Dec 2024Market trade₹15.1 LakhBuyer: Seltron Resource Solutions LLP
Seller: Samir R Shah Huf

To see the full deal history of Croissance Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Croissance Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Croissance Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Croissance Limited has 23 board changes on record since 2011: 7 appointments and 16 cessations. The latest: Shivani Marda ceased to be Additional Director on 29 Sep 2025.

Filing
Croissance Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
AGM
Croissance Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Shivani Marda ceased to be Additional Director.
Appointed
Mukund Binani was appointed as Company Secretary.
Appointed
Shivani Marda was appointed as Director.
Ceased
Mahender Singh ceased to be Company Secretary.
Ceased
Hemant Bahri ceased to be Additional Director.
Ceased
Sravan Prabhakar Veledandi ceased to be Additional Director.
Ceased
Amaresh Rao Gaikwad ceased to be Additional Director.
Ceased
Hriday Bahri ceased to be Additional Director.
Ceased
Sowmya Ranganath ceased to be Additional Director.
Appointed
Hemant Bahri was appointed as Managing Director.

14 earlier events are in the company report.

Frequently asked questions

Croissance is an active public limited company based in Bangalore, Karnataka, India. The company works in plumbing services and construction specialties, within the construction industry. It was incorporated on 07 April 1994 (32+ years old) and is registered under CIN L11019KA1994PLC103470. Listed on BSE: 531909.

Croissance reported revenue of ₹61 Lakh for FY 2025-26 (up 510% YoY) based on consolidated financials.

Croissance has 6 current directors:

The latest financial statements of Croissance on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The CIN (Corporate Identification Number) of Croissance is L11019KA1994PLC103470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Croissance is a listed company as per MCA records. Its shares are listed on BSE (code: 531909).

Croissance was incorporated on 07 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.

Croissance has 40 deals on record (39 market trades, 1 acquisition); the latest was in September 2026.

Shivani Marda ceased to be Additional Director on 29 Sep 2025. Mukund Binani was appointed as Company Secretary on 20 Sep 2025. Shivani Marda was appointed as Director on 27 Aug 2025. Croissance has 23 board changes on record in total.

Croissance can be reached through the website swagruha.net. Its registered office is in Bangalore, Karnataka, India.