About Etica Developers Private Limited
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Etica Developers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 16 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45400TN2012PTC087230. Its GSTIN is 33AADCE1237H1Z3 (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹67.57 Lakh. It is led by directors including Prakash Ganapathy and Diliban Ganapathy.
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 Exotica 6th Floor No.24 Venkata Narayana Road T. Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.75 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹1.44 Cr (net margin 3.2%) and EBITDA of ₹2.89 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 45% over five years.
The company is associated with 1 brand: Etica Developers. As per MCA filings, the company has open charges of ₹6.61 Cr and satisfied charges of ₹14.7 Cr on record. Court records list 19 cases involving the company, including 19 filed by 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 eticadevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressExotica 6th Floor No.24 Venkata Narayana Road T. Nagar, Chennai, Tamil Nadu, India – 600017
- 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 Etica Developers Private Limited
The main business activity of Etica Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Etica Developers Private Limited FY 2025 filings available
Etica Developers Private Limited reported revenue of ₹44.75 Cr (up 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Etica Developers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 39% growth in the latest year. EBITDA rose 3% 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 Etica Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2.89 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.44 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 Etica Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.2% | •••• | •••• | •••• | •••• |
| 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 Etica Developers are in the company report.
Financial statements from 2015
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 Etica Developers Private Limited
Etica Developers Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Builders and Developers, Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pinnacle KPO Solutions Private Limited | ₹44.82 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Today Homes and Infrastructure Private Limited | ₹44.81 Cr (FY 2019) | •••• | •••• | -64.0% | •••• | New Delhi, Delhi, India |
| Blackwood Developers Private Limited | ₹44.81 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Ozone Holdings Private Limited | ₹44.78 Cr (FY 2023) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Infosys Green Forum | ₹44.75 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bengaluru, Karnataka, India |
| Etica Developers Private Limited this company | ₹44.75 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Chennai, Tamil Nadu, India |
| Kas Realdevelopers Private Limited | ₹44.7 Cr (FY 2024) | •••• | •••• | •••• | Lucknow, Uttar Pradesh, India | |
| Uttam Goods & Services Pvt Ltd | ₹44.63 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kolkata, West Bengal, India |
| Spec Engineerings and Infras Private Limited | ₹44.62 Cr (FY 2025) | •••• | •••• | 97.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Balaji Durobuild Private Limited | ₹44.55 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Shree Salasar Investments Limited Listed | ₹44.55 Cr (FY 2025) | •••• | •••• | 205.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Etica Developers by revenue in the Cleantech industry (Builders and Developers, Solar Power), 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 Etica Developers Private Limited
Etica Developers Private Limited is audited by SHANMUGAM & MUTHU PARTNER SM. MUTHU MANICKAM for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SHANMUGAM & MUTHU PARTNER SM. MUTHU MANICKAM | 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 Etica Developers Private Limited
Etica Developers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Ganapathy Also directs: Etica Malar Business Parks LLP, Etica Solar Energy Private Limited | Director | 16 Aug 2012 | 14 Years 1 Months | Current |
| Diliban Ganapathy Also directs: Etica Malar Business Parks LLP, Etica Solar Energy Private Limited | Director | 16 Aug 2012 | 14 Years 1 Months | Current |
| Debendranath Sarangi | Director | 01 Feb 2017 | 9 Years 8 Months | Current |
Ownership and Shareholding of Etica 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 Etica Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2025 | Hdfc Bank Limited | ₹60 Lakh | Open |
| 30 Dec 2024 | Hdfc Bank Limited | ₹51 Lakh | Open |
| 22 Aug 2024 | Hdfc Bank Limited | ₹49.99 Lakh | Open |
| 08 Mar 2024 | Axis Bank Limited | ₹5 Cr | Open |
| 18 Aug 2016 | Axis Bank Limited | ₹8.1 Cr | Satisfied |
Total charge records: 6 View all charges
Legal Cases of Etica Developers Private Limited
Etica Developers Private Limited has 19 court cases on record: 19 filed by Etica Developers. 7 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 0 | 7 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (WMP(MD)) | Filed by the company against an individual | Pending |
| Madras High Court | Writ petition | Filed by the company against an individual | Pending |
| Madras High Court | Appeal | Filed by the company against an individual | Disposed |
| Madras High Court | Arbitration matter | Filed by the company against an individual | Disposed |
| Madras High Court | Appeal | Filed by the company against an individual | Disposed |
Full case history
All 19 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.
Associated Brands with Etica Developers Private Limited
Etica Developers operates one associated brand: Etica Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops innovative technologies for creating luxury residential properties. | eticadevelopers.com |
Employees and EPFO Compliance at Etica Developers Private Limited
Employment history and EPFO contributions of people linked to Etica 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 Etica Developers Private Limited
Etica Developers Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Debendranath Sarangi was appointed as Director on 01 Feb 2017.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Etica 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 Etica 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 Etica 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 Etica Developers Private Limited
Etica Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCE1237H1Z3 | Tamil Nadu | 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 Etica 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 Etica Developers Private Limited
Etica Developers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 16 August 2012 (14+ years old) and is registered under CIN U45400TN2012PTC087230.
Etica Developers reported revenue of ₹44.75 Cr for FY 2025 (up 39% YoY).
Etica Developers has 3 current directors:
- Prakash Ganapathy - Director
- Diliban Ganapathy - Director
- Debendranath Sarangi - Director
Etica Developers reported a net profit of ₹1.44 Cr (net margin 3.2%) and EBITDA of ₹2.89 Cr (EBITDA margin 6.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Etica Developers is 38% over three years and 45% over five years. In the latest year (FY 2025) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Etica Developers is 33AADCE1237H1Z3, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Etica Developers is U45400TN2012PTC087230. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Etica Developers has 19 court cases on record: 19 filed by the company. 7 are pending.
Etica Developers was incorporated on 16 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Etica Developers by revenue are Pinnacle KPO Solutions Private Limited, Today Homes and Infrastructure Private Limited, Blackwood Developers Private Limited, Ozone Holdings Private Limited, Infosys Green Forum and 5 more, all in the Cleantech industry (Builders and Developers, Solar Power).
Debendranath Sarangi was appointed as Director on 01 Feb 2017. Diliban Ganapathy was appointed as Director on 16 Aug 2012. Prakash Ganapathy was appointed as Director on 16 Aug 2012.