India's Richest People 2026 edition · 1 director · Source: Hurun India
- #257 Jitendra Virwani ₹14,500 Cr
Revenue · FY 2025
₹3,232.02 Cr
▲ 152% YoY
Net profit · FY 2025
₹959.44 Cr
Net margin 29.7%
EBITDA · FY 2025
₹2,227.39 Cr
EBITDA margin 68.9%
Authorised capital
₹1,301.01 Cr
Registered with MCA
Paid-up capital
₹1,104.38 Cr
Issued & subscribed
Open charges
₹9,221.71 Cr
Satisfied ₹25,308 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
126
Provident fund records
About Embassy Property Developments Private Limited
Data last updated:
Embassy Property Developments Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Jv Holding Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 July 1996 and has been in existence for over 30 years.
Its director Jitendra Virwani is #257 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1996PTC020897. Its GSTIN is 29AAACD6927A1ZV (Karnataka). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1,301.01 Cr and a paid-up capital of ₹1,104.38 Cr. It was formerly known as Virwant Builders Private Limited and Embassy Property Developments Limited. It is led by directors including Jitendra Mohandas Virwani (Managing Director) and Gopinath Ambadithody.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at I Floor Embassy Point #150 Infantry Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,232.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹959.44 Cr (net margin 29.7%) and EBITDA of ₹2,227.39 Cr (EBITDA margin 68.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 12% over five years.
The company has about 126 employees on its provident fund (EPFO) records. Its group structure includes 19 subsidiaries and 5 joint ventures.
The company is associated with 4 brands: Embassy Boulevard, Embassy Lake Terraces, Embassy ONE and Embassy Group. As per MCA filings, the company has open charges of ₹9,221.71 Cr and satisfied charges of ₹25,308 Cr on record. Court records list 141 cases involving the company, including 62 filed by the company and 79 filed against it; 39 cases are pending. The company has 12 deals on record (9 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹129.4 Cr; the latest was in September 2023. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 453 overdue payments to 109 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website embassyindia.com.
Company details
CIN U85110KA1996PTC020897
Registration Number 020897
Incorporation Date 30 July 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Jv Holding Private Limited
Compliance Status Active Compliant
Name history
Embassy Property Developments has undergone 4 name changes throughout its history. The current legal name is Embassy Property Developments Private Limited.
| Company Name | Status |
|---|---|
| Embassy Property Developments Private Limited | Current |
| Virwant Builders Private Limited | Previous |
| Embassy Property Developments Limited | Previous |
| Dynasty Developers Private Limited | Previous |
| Embassy Property Development & Constructions Private Limited | Previous |
CIN history
Embassy Property Developments has one previous CIN (Corporate Identification Number): U85110KA1996PLC020897. The current CIN is U85110KA1996PTC020897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85110KA1996PTC020897 | Current |
| U85110KA1996PLC020897 | Previous |
Key People
Jitendra Mohandas Virwani Managing Director Gopinath Ambadithody Director Sartaj Sewa Singh Director Recognitions & Rankings of Embassy Property Developments
Contact details
Embassy Property Developments Private Limited's registered office is in Bangalore, Karnataka. Its website is embassyindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressI Floor Embassy Point #150 Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Embassy Property Developments Private Limited, buy the company report.
Comprehensive company report
Embassy Property Developments Private 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
Embassy Property Developments operates multiple associated brands including Embassy Boulevard, Embassy Lake Terraces, and Embassy ONE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Embassy Group develops and sells luxury residential villas in Bangalore with modern amenities. | embassyboulevard.com | |
| Real estate firm offering high-end apartments and facilities in North Bengaluru. | embassylaketerraces.com | |
| Provides comprehensive commercial and residential real estate development services. | embassyone.in | |
| Real estate projects including apartments, villas, and offices are developed. | embassyindia.com |
Business activity
The main business activity of Embassy Property Developments 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 Embassy Property Developments Private Limited, buy the company report.
Financials of Embassy Property Developments Private Limited
FY 2025 filings availableEmbassy Property Developments Private Limited reported revenue of ₹3,232.02 Cr (up 152% YoY) for FY 2025.
Revenue · FY 2025
₹3,232.02 Cr ▲ 152%
Net profit · FY 2025
₹959.44 Cr margin 29.7%
EBITDA · FY 2025
₹2,227.39 Cr margin 68.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 152%
3 years · compounded
▲ 34%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 165%
3 years · compounded
▲ 42%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 152% growth in the latest year. EBITDA rose 165% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2,227.39 Cr | ||||
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| Net Profit (PAT) | ₹959.44 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 68.9% | ||||
| Net Profit Margin | 29.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Embassy Property Developments Private Limited, buy the company report.
Board of directors of Embassy Property Developments Private Limited
Embassy Property Developments has 6 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gopinath Ambadithody Also directs: Jvnsr Realty Services LLP, Karmaventures LLP, Illyrium Venture Partners LLP and 5 more | Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Jitendra Mohandas Virwani | Managing Director | 31 Jul 1996 | 30 Years 2 Months | Current |
| Sartaj Sewa Singh | Director | 28 Jul 2023 | 3 Years 2 Months | Current |
| Tanya John | Director | 14 Feb 2022 | 4 Years 8 Months | Current |
| Aditya Virwani | Director | 11 Apr 2018 | 8 Years 6 Months | Current |
| Karan Virwani | Director | 11 Apr 2018 | 8 Years 6 Months | Current |
Auditor
Embassy Property Developments Private Limited is audited by H R A & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H R A & Co. | FY 2023 | 010005S |
Shareholding
The shareholding of Embassy Property Developments 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 Embassy Property Developments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9,221.71 Cr
Satisfied charges
₹25,308 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2025 | 101191324 | Axis Bank Limited | ₹2.03 Cr | Open | |
| 18 Sep 2025 | 101166400 | Others | ₹32.85 Cr | Open | |
| 14 Aug 2025 | 101148958 | Others | ₹80 Cr | Open | |
| 21 Jul 2025 | 101134326 | Others | ₹175 Cr | Open | |
| 06 May 2025 | 101113345 | Others | ₹2,295 Cr | Open |
To see the full charge records of Embassy Property Developments Private Limited, buy the company report.
Total charge records: 144 View all charges
Deals & funding
Embassy Property Developments Private Limited has 12 deals on record (9 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹129.4 Cr; the latest was in September 2023.
Total deals
12
Secondary share transfers
9
Funding rounds
2
Acquisition
1
Disclosed funding
₹129.4 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Funding round | ₹3.15 Cr | Investors: JV Holding Private Limited , Jv Holding Private Limited & Jitendra Virwani, an individual |
| Mar 2022 | Funding round | ₹126.25 Cr | Investors: JV Holding Private Limited , Jv Holding Private Limited & Jitendra Virwani |
| Jul 2010 | Secondary share transfer | Undisclosed | Buyer: JV Family Trust Seller: JV Holding Private Limited |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: JV Holding Private Limited |
| Jun 2008 | Secondary share transfer | Undisclosed | Buyer: JV Holding Private Limited Seller: an individual |
To see the full deal history of Embassy Property Developments Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Embassy Property Developments Private Limited has 141 court cases on record: 62 filed by Embassy Property Developments, 79 filed against it. 39 cases are pending and 102 are disposed.
Total cases
141
Filed by the company
62
Filed against the company
79
Pending
39
Disposed
102
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 90 | 45 | 27 |
| District courts | 34 | 26 | 9 |
| Supreme Court | 10 | 5 | 2 |
| NCLT | 4 | 0 | 0 |
| NCLAT | 3 | 3 | 1 |
Cases on record (5 of 141)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Interim or miscellaneous application | Filed against the company by Sion Eden Developers Private Limited Rep. by B.S. Mohan Authorized Signatory | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Hind Mercantile Corporation Private Ltd | Pending |
| High Court | Writ petition | Filed by the company against M/S. GVPR Engineers Ltd., and 3 others | Pending |
| High Court | Court case (AP.IM) | Filed by the company against Dorne Realty Private Limited and 4 others | Pending |
| Madras High Court | Arbitration matter | Filed against the company by SNP Infrastructure LLP | Disposed |
To see the full case history of Embassy Property Developments 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.
Credit ratings & regulatory alerts
Embassy Property Developments Private Limited was last rated by Icra on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Embassy Property Developments Private Limited, buy the company report.
MSME payment delays
Embassy Property Developments Private Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 453 overdue payments to 109 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 109)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Abs General Solutions India Private Limited | |||
| M/S.-Samrakshan | |||
| Twigs Services Private Limited | |||
| En3 Sustainability Solutions Private Limited |
To see the full MSME payment records of Embassy Property Developments Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Embassy Property Developments has 19 subsidiary companies and 5 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
19
Subsidiary companies
5
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Mac Charles India Limited | L55101KA1979PLC003620 | |
| Embassy Interiors Private Limited | U36100KA2015PTC080630 | |
| Epdpl Co-Living Private Limited | U45200KA2019PTC126110 | |
| Epdpl Co-Living Operations Private Limited | U45201KA2022PTC163114 | |
| Embassy Maverick Malls Private Limited | U45205KA2010PTC054663 | |
| Embassy Real Estate Developments and Services Private Limited | U70100KA2019PTC125712 |
To see the full group structure of Embassy Property Developments Private Limited, buy the company report.
Employees & EPFO
Embassy Property Developments Private Limited has a workforce of 126 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
126
Active EPFO establishments
1
Employee growth
-11.89%
GST
Embassy Property Developments has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACD6927A1ZV | Karnataka | Active | 01 Jul 2017 |
| 29AAACD6927A8ZO | Karnataka | Active | 13 Jul 2017 |
| 33AAACD6927A1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACD6927A2Z5 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Embassy Property Developments Private Limited, buy the company report.
Recent activity
Embassy Property Developments Private Limited has 21 board changes on record since 1996: 6 appointments and 15 cessations. The latest: Sartaj Sewa Singh ceased to be Additional Director on 28 Sep 2023.
Charges
A charge registered on 31 Dec 2016 via Charge ID 100083114 with Idbi Trusteeship Services Limited was fully satisfied on 21 Nov 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.03 Cr with Charge ID 101191324 was registered on 19 Nov 2025.
Charges
A charge registered on 03 Sep 2024 via Charge ID 100979752 with Others was fully satisfied on 17 Nov 2025.
Charges
A charge registered on 26 Nov 2021 via Charge ID 100503386 with Others was fully satisfied on 17 Nov 2025.
Charges
A charge registered on 30 Apr 2024 via Charge ID 100923050 with Idbi Trusteeship Services Limited was fully satisfied on 12 Nov 2025.
Charges
A charge registered on 07 Dec 2022 via Charge ID 100649915 with Others was fully satisfied on 12 Nov 2025.
Charges
A charge registered on 08 Jan 2021 via Charge ID 100405782 with Others was fully satisfied on 06 Nov 2025.
AGM
Embassy Property Developments Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 32.85 Cr with Charge ID 101166400 was registered on 18 Sep 2025.
Charges
A charge with Others of Rs. 535.00 Cr registered on 29 Jul 2021 with Charge ID 100470219 was modified on 11 Sep 2025.
Charges
A charge with Others of Rs. 1,210.00 Cr registered on 29 Jul 2021 with Charge ID 100470222 was modified on 11 Sep 2025.
Charges
A charge with Others amounted to Rs. 80.00 Cr with Charge ID 101148958 was registered on 14 Aug 2025.
323 earlier events are in the company report.
News
Frequently asked questions
Embassy Property Developments 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 30 July 1996 (30+ years old) and is registered under CIN U85110KA1996PTC020897.
Embassy Property Developments has 6 current directors:
- Jitendra Mohandas Virwani - Managing Director
- Gopinath Ambadithody - Director
- Sartaj Sewa Singh - Director
- Tanya John - Director
- Aditya Virwani - Director
- Karan Virwani - Director
The latest financial statements of Embassy Property Developments on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Embassy Property Developments is 29AAACD6927A1ZV, registered in Karnataka. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAACD6927A8ZO (Karnataka), 33AAACD6927A1Z6 (Tamil Nadu), 33AAACD6927A2Z5 (Tamil Nadu).
The CIN (Corporate Identification Number) of Embassy Property Developments is U85110KA1996PTC020897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Embassy Property Developments has 141 court cases on record: 62 filed by the company and 79 filed against it. 39 are pending. Most are in the high courts.
Embassy Property Developments was incorporated on 30 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Embassy Property Developments has 12 deals on record (9 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹129.4 Cr; the latest was in September 2023.
Sartaj Sewa Singh ceased to be Additional Director on 28 Sep 2023. Sartaj Sewa Singh was appointed as Director on 28 Jul 2023. Chandra Das Sitaram ceased to be Director on 30 May 2023. Embassy Property Developments has 21 board changes on record in total.
Embassy Property Developments has 15 MSME Form 1 returns on record between 2019 and 2024, listing 453 overdue payments to 109 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Embassy Property Developments can be reached through the website embassyindia.com. Its registered office is in Bangalore, Karnataka, India.