About Essem18 Developers Private Limited
Data last updated:
Essem18 Developers 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 07 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45205KA2016PTC085138. Its GSTIN is 29AAECE1601J1ZU (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Venkatesh Munirathnam Simbile (Managing Director) and Vimala Simbili.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 64/1 3rd Floor Sm Plaza 1st Cross Dvg Road Basavanagudi, Bangalore, Karnataka, India – 560004.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.26 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net profit of ₹7.18 Cr (net margin 24.5%) and EBITDA of ₹12.59 Cr (EBITDA margin 43%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹136.54 Cr and satisfied charges of ₹39 Cr on record. Court records list 8 cases involving the company; 7 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 essem18.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 64/1 3rd Floor Sm Plaza 1st Cross Dvg Road Basavanagudi, Bangalore, Karnataka, India – 560004
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Business Activity of Essem18 Developers Private Limited
The main business activity of Essem18 Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Essem18 Developers Private Limited FY 2024 filings available
Essem18 Developers Private Limited reported revenue of ₹29.26 Cr (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Essem18 Developers Private Limited
Revenue fell 50% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 67% 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 of Essem18 Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.59 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.18 Cr | •••• | •••• | •••• | •••• |
| 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 of Essem18 Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 43% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 24.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Essem18 Developers are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Essem18 Developers Private Limited
Essem18 Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhruvi Properties Private Limited | ₹29.29 Cr (FY 2022) | •••• | •••• | 4420.0% | •••• | Mumbai, Maharashtra, India |
| Akme Projects Limited | ₹29.29 Cr (FY 2016) | •••• | •••• | 78.0% | •••• | New Delhi, Delhi, India |
| Nucleus Premium Properties Private Limited | ₹29.28 Cr (FY 2018) | •••• | •••• | -34.0% | •••• | Ernakulam, Kerala, India |
| Green Home Farms and Resorts Private Limited | ₹29.28 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Telangana, India |
| Savfab Developers Private Limited | ₹29.26 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Delhi, India |
| Essem18 Developers Private Limited this company | ₹29.26 Cr (FY 2024) | •••• | •••• | -50.0% | •••• | Bangalore, Karnataka, India |
| S. B. Landcon Private Limited | ₹29.26 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | East Delhi, Delhi, India |
| Ashapura Housing Private Limited | ₹29.26 Cr (FY 2023) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
| Milore Infraprojects Private Limited | ₹29.24 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Surat, Gujarat, India |
| Vibhor Home Developers Private Limited | ₹29.22 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Sadar Bazar, Haryana, India |
| Solstrom Energy Solutions Private Limited | ₹29.2 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Sriperumbudur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Essem18 Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Essem18 Developers Private Limited
Essem18 Developers Private Limited is audited by Prakash N And Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Prakash N And Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Essem18 Developers Private Limited
Essem18 Developers has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vimala Simbili Also directs: Sharva Estates Private Limited | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Venkatesh Munirathnam Simbile | Managing Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Mithun Venkatesh Simbili Also directs: Essem18 Ventures LLP | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Manish Venkatesh Simbili | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
Ownership and Shareholding of Essem18 Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Essem18 Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2025 | Others | ₹30 Cr | Open |
| 13 Aug 2025 | Axis Bank Limited | ₹1.25 Cr | Open |
| 13 Dec 2024 | State Bank of India | ₹19 Cr | Open |
| 29 Jul 2024 | Others | ₹20 Cr | Open |
| 29 Mar 2023 | Others | ₹15 Cr | Open |
Total charge records: 12 View all charges
Legal Cases of Essem18 Developers Private Limited
Essem18 Developers Private Limited has 8 court cases on record: 8 where it is another party. 7 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 5 |
| High courts | 2 | 0 | 2 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Pending |
| High Court of Karnataka | Court case (MFA) | Company is another party | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Company is another party | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Essem18 Developers Private Limited
Employment history and EPFO contributions of people linked to Essem18 Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Essem18 Developers Private Limited
Essem18 Developers Private Limited has 5 board changes on record since 2016: 4 appointments and 1 cessation. The latest: Venkatesh Munirathnam Simbile ceased to be Director on 23 Nov 2021.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Essem18 Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Essem18 Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Essem18 Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Essem18 Developers Private Limited
Essem18 Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECE1601J1ZU | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Essem18 Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Essem18 Developers Private Limited
Essem18 Developers 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 07 January 2016 (10+ years old) and is registered under CIN U45205KA2016PTC085138.
Essem18 Developers reported revenue of ₹29.26 Cr for FY 2024 (down 50% YoY).
Essem18 Developers has 4 current directors:
- Venkatesh Munirathnam Simbile - Managing Director
- Vimala Simbili - Director
- Mithun Venkatesh Simbili - Director
- Manish Venkatesh Simbili - Director
Essem18 Developers reported a net profit of ₹7.18 Cr (net margin 24.5%) and EBITDA of ₹12.59 Cr (EBITDA margin 43%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Essem18 Developers is -6% over three years and 19% over five years. In the latest year (FY 2024) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Essem18 Developers is 29AAECE1601J1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Essem18 Developers is U45205KA2016PTC085138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essem18 Developers has 8 court cases on record. 7 are pending. Most are in the district courts.
Essem18 Developers was incorporated on 07 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Essem18 Developers by revenue are Dhruvi Properties Private Limited, Akme Projects Limited, Nucleus Premium Properties Private Limited, Green Home Farms and Resorts Private Limited, Savfab Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Venkatesh Munirathnam Simbile ceased to be Director on 23 Nov 2021. Manish Venkatesh Simbili was appointed as Director on 07 Jan 2016. Mithun Venkatesh Simbili was appointed as Director on 07 Jan 2016. Essem18 Developers has 5 board changes on record in total.