About Dr. B.R. Ambedkar Development Corporation Limited
Data last updated:
Dr. B.R. Ambedkar Development Corporation Limited is a public unlimited liabilities company based in Bangalore, Karnataka, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 20 March 1975 and has been in existence for over 51 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U20293KA1975ULL002755. Its GSTIN is 29AACCK1010F1Z4 (Karnataka).
The company has an authorised share capital of ₹350 Cr and a paid-up capital of ₹350 Cr. It is led by directors including Rakesh Kumar Krishna Murthy (Managing Director) and Chikkana Sathyabhama (Managing Director).
Its last annual general meeting (AGM) was held on 11 November 2021, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 9th Floor Visweswaraiah Mini Towers D.A.Veedhi, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2020, the company reported a revenue of ₹179.02 Cr, a growth of 23.32% compared to the previous year.
The company has about 116 employees on its provident fund (EPFO) records.
Court records list 153 cases involving the company, including 69 filed by the company and 84 filed against it; 32 cases are pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹214.55 Cr; the latest was in September 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adcl.karnataka.gov.in.
Company details
CIN history
Dr. B.R. Ambedkar Development Corporation has one previous CIN (Corporate Identification Number): U85110KA1975ULL002755. The current CIN is U20293KA1975ULL002755, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U20293KA1975ULL002755 | Current |
| U85110KA1975ULL002755 | Previous |
Contact details
Dr. B.R. Ambedkar Development Corporation Limited's registered office is in Bangalore, Karnataka. Its website is adcl.karnataka.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9th Floor Visweswaraiah Mini Towers D.A.Veedhi, Bangalore, Karnataka, India – 560001
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Dr. B.R. Ambedkar Development Corporation 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
Dr. B.R. Ambedkar Development Corporation operates primarily in the financial and insurance service sector. One business activity is registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Dr. B.R. Ambedkar Development Corporation Limited, buy the company report.
Financials of Dr. B.R. Ambedkar Development Corporation Limited
FY 2020 filings availableDr. B.R. Ambedkar Development Corporation Limited reported revenue of ₹179.02 Cr (up 23.32% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 23.32% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹179.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Dr. B.R. Ambedkar Development Corporation Limited, buy the company report.
Board of directors of Dr. B.R. Ambedkar Development Corporation Limited
Dr. B.R. Ambedkar Development Corporation has 7 current directors and 48 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Kumar Jenaw | Nominee Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Neelaiah Raju Also directs: Karnataka Thanda Development Corporation Limited | Nominee Director | 31 Jul 2024 | 2 Years 2 Months | Current |
| Manjula Nataraj | Nominee Director | 11 Sep 2024 | 2 Years 1 Months | Current |
| Ponniah Manivannan | Nominee Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Rakesh Kumar Krishna Murthy | Managing Director | 08 Jul 2024 | 2 Years 3 Months | Current |
| Rajee Sampath Raj | Nominee Director | 01 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Dr. B.R. Ambedkar Development Corporation Limited is audited by NSVM & Associates for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NSVM & Associates | FY 2019 | 010072S |
Shareholding
The shareholding of Dr. B.R. Ambedkar Development Corporation Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | 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 Dr. B.R. Ambedkar Development Corporation Limited, buy the company report.
Deals & funding
Dr. B.R. Ambedkar Development Corporation Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹214.55 Cr; the latest was in September 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Funding round | ₹150.61 Cr | Investors: an individual |
| Dec 2012 | Funding round | ₹24.93 Cr | Investors: The President OF India, an individual |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Secretary To Govt Social WelFare Dept, an individual Seller: The President OF India |
| May 2010 | Funding round | ₹6 Cr | Investors: The President OF India, an individual |
| Aug 2009 | Funding round | ₹33.01 Cr | Investors: The President OF India, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dr. B.R. Ambedkar Development Corporation Limited has 153 court cases on record: 69 filed by Dr. B.R. Ambedkar Development Corporation, 84 filed against it. 32 cases are pending and 121 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 79 | 76 | 29 |
| District courts | 74 | 8 | 3 |
Cases on record (5 of 153)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by M/S Mahavir Submersibles Pvt Ltd and 11 others | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| District court, VIJAYAPURA, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Dr. B.R. Ambedkar Development Corporation 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 Dr. B.R. Ambedkar Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dr. B.R. Ambedkar Development Corporation Limited has a workforce of 116 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Dr. B.R. Ambedkar Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCK1010F1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dr. B.R. Ambedkar Development Corporation Limited, buy the company report.
Recent activity
Dr. B.R. Ambedkar Development Corporation Limited has 56 board changes on record since 2011: 8 appointments and 48 cessations. The latest: Chikkana Sathyabhama was appointed as Managing Director on 30 Aug 2025.
47 earlier events are in the company report.
Frequently asked questions
Dr. B.R. Ambedkar Development Corporation is an active public unlimited liabilities company based in Bangalore, Karnataka, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 20 March 1975 (51+ years old) and is registered under CIN U20293KA1975ULL002755.
Dr. B.R. Ambedkar Development Corporation has 7 current directors:
- Rakesh Kumar Krishna Murthy - Managing Director
- Chikkana Sathyabhama - Managing Director
- Rajnish Kumar Jenaw - Nominee Director
- Neelaiah Raju - Nominee Director
- Manjula Nataraj - Nominee Director
- Ponniah Manivannan - Nominee Director
- Rajee Sampath Raj - Nominee Director
The latest financial statements of Dr. B.R. Ambedkar Development Corporation on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 11 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Dr. B.R. Ambedkar Development Corporation is 29AACCK1010F1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Dr. B.R. Ambedkar Development Corporation is U20293KA1975ULL002755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dr. B.R. Ambedkar Development Corporation has 153 court cases on record: 69 filed by the company and 84 filed against it. 32 are pending. Most are in the high courts.
Dr. B.R. Ambedkar Development Corporation was incorporated on 20 March 1975, making it 51+ years old. It is registered with the Registrar of Companies, Bangalore.
Dr. B.R. Ambedkar Development Corporation has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹214.55 Cr; the latest was in September 2018.
Chikkana Sathyabhama was appointed as Managing Director on 30 Aug 2025. Rakesh Kumar Krishna Murthy ceased to be Nominee Director on 06 Jan 2025. Praveen Pandit Bagewadi ceased to be Managing Director on 04 Jan 2025. Dr. B.R. Ambedkar Development Corporation has 56 board changes on record in total.
Dr. B.R. Ambedkar Development Corporation can be reached through the website adcl.karnataka.gov.in. Its registered office is in Bangalore, Karnataka, India.