About Duo Associates (Builders) Private Limited
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Duo Associates (Builders) 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 03 June 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45203KA2002PTC030572. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Prabhu Kumar Challagali and Kondapaturi Shivaram.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at P – 1 Alungoor Grove 379/4 23rd Main 16th Cross 5th Phase J.P.Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.14 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹1.21 Cr (net margin -106.3%) and EBITDA of -₹1.21 Cr (EBITDA margin -106.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹143 Cr on record. Court records list 35 cases involving the company, including 8 filed by the company and 27 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website duoassociates.com.
Company details
Contact details
Duo Associates (Builders) Private Limited's registered office is in Bangalore, Karnataka. Its website is duoassociates.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressP – 1 Alungoor Grove 379/4 23rd Main 16th Cross 5th Phase J.P.Nagar, Bangalore, Karnataka, India – 560078
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Duo Associates (Builders) 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 Duo Associates (Builders) 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 Duo Associates (Builders) Private Limited, buy the company report.
Financials of Duo Associates (Builders) Private Limited
FY 2025 filings availableDuo Associates (Builders) Private Limited reported revenue of ₹1.14 Cr (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 62% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 626% 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 | -₹1.21 Cr | ||||
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| Net Profit (PAT) | -₹1.21 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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| Profitability | |||||
| EBITDA Margin | -106.1% | ||||
| Net Profit Margin | -106.3% | ||||
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To see the full financial statements and ratios of Duo Associates (Builders) Private Limited, buy the company report.
Board of directors of Duo Associates (Builders) Private Limited
Duo Associates (Builders) has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kondapaturi Shivaram Also directs: Quasar Innovations Private Limited, Turnkey Customr Homes Private Limited, Mahee IT Services India Private Limited and 1 more | Additional Director | 09 Dec 2024 | 1 Years 11 Months | Current |
| Kachanahalli Sanjeevaiah Somashekar Also directs: Trustgrow Fertilisers India Private Limited | Additional Director | 09 Dec 2024 | 1 Years 11 Months | Current |
| Prabhu Kumar Challagali | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Duo Associates (Builders) Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sparklink Construction Private Limited | ₹1.14 Cr (FY 2025) | 7506.0% | Kolkata, West Bengal, India | |||
| Rajdarbar Heritage Venture Limited | ₹1.14 Cr (FY 2025) | 320.0% | Kolkata, West Bengal, India | |||
| Duo Associates (Builders) Private Limitedthis company | ₹1.14 Cr (FY 2024) | -₹1.21 Cr | -106.3% | -62.0% | Bangalore, Karnataka, India | |
| Stackcell Realty Technologies Private Limited | ₹1.14 Cr (FY 2024) | 15.0% | Guwahati, Assam, India |
To see the full peer comparison of Duo Associates (Builders) Private Limited, buy the company report.
Auditor
Duo Associates (Builders) Private Limited is audited by S R & M R ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R & M R ASSOCIATES | FY 2021 | 008094S |
Shareholding
The shareholding of Duo Associates (Builders) Private Limited is on record for 4 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 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Duo Associates (Builders) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2011 | 10352002 | Axis Bank Limited | ₹121.05 Cr | Open | |
| 26 Mar 2007 | 10089798 | Idbi Bank Limited | ₹8.25 Cr | Open | |
| 11 Mar 2005 | 90192963 | Uco Bank | ₹13.7 Cr | Open |
To see the full charge records of Duo Associates (Builders) Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Duo Associates (Builders) Private Limited has 35 court cases on record: 8 filed by Duo Associates (Builders), 27 filed against it. 2 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 20 | 2 |
| High courts | 12 | 7 | 0 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by Ms Gokaldas Images Private Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms D1 Fortification Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Ms D1 Fortification Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by HDFC Bank Ltd | Disposed |
To see the full case history of Duo Associates (Builders) 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 Duo Associates (Builders) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Duo Associates (Builders) has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Duo Associates (Builders) Private Limited, buy the company report.
Recent activity
Duo Associates (Builders) Private Limited has 7 board changes on record since 2018: 3 appointments and 4 cessations. The latest: Alungoor Munivenkata Sharathchandra ceased to be Director on 09 Dec 2024.
3 earlier events are in the company report.
Frequently asked questions
Duo Associates (Builders) 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 03 June 2002 (24+ years old) and is registered under CIN U45203KA2002PTC030572.
Duo Associates (Builders) has 3 current directors:
- Kondapaturi Shivaram - Additional Director
- Kachanahalli Sanjeevaiah Somashekar - Additional Director
- Prabhu Kumar Challagali - Director
The latest financial statements of Duo Associates (Builders) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Duo Associates (Builders) has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Duo Associates (Builders) is U45203KA2002PTC030572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Duo Associates (Builders) has 35 court cases on record: 8 filed by the company and 27 filed against it. 2 are pending. Most are in the district courts.
Duo Associates (Builders) was incorporated on 03 June 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Duo Associates (Builders) by revenue are Sparklink Construction Private Limited, Rajdarbar Heritage Venture Limited, Stackcell Realty Technologies Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Alungoor Munivenkata Sharathchandra ceased to be Director on 09 Dec 2024. Kachanahalli Sanjeevaiah Somashekar was appointed as Additional Director on 09 Dec 2024. Kondapaturi Shivaram was appointed as Additional Director on 09 Dec 2024. Duo Associates (Builders) has 7 board changes on record in total.
Duo Associates (Builders) can be reached through the website duoassociates.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Duo Associates (Builders) is at P – 1 Alungoor Grove 3794 23rd Main 16th Cross 5th Phase J.P.Nagar, Bangalore, Karnataka, India – 560078.
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