Garuda Developers Private Limited
About Garuda Developers Private Limited
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Garuda 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 12 March 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45400KA1999PTC024899. Its GSTIN is 29AABCG0791N1Z6 (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Geekay Kusum Masala and Spice Extracts Private Limited and Geekay Kusum Masala and Spice Extracts Limited. It is led by directors Purushotham Chickanarasimhaiah and Purushotham Sarala.
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 212 Bellary Road Sadashivanagar, Bangalore, Karnataka, India – 560080.
As per the financials filed for FY 2025, the company reported a revenue of ₹68.64 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹1.23 Cr (net margin -178.6%) and EBITDA of -₹1.13 Cr (EBITDA margin -164.9%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 51% over five years.
As per MCA filings, the company has open charges of ₹38.5 Lakh and satisfied charges of ₹7.12 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Garuda Developers has undergone 2 name changes throughout its history. The company was previously known as Geekay Kusum Masala And Spice Extracts Private Limited, and Geekay Kusum Masala And Spice Extracts Limited. The current legal name is Garuda Developers Private Limited.
| Company Name | Status |
|---|---|
| Garuda Developers Private Limited | Current |
| Geekay Kusum Masala And Spice Extracts Private Limited | Previous |
| Geekay Kusum Masala And Spice Extracts Limited | Previous |
CIN history
Garuda Developers has one previous CIN (Corporate Identification Number): U15499KA1999PTC024899. The current CIN is U45400KA1999PTC024899, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400KA1999PTC024899 | Current |
| U15499KA1999PTC024899 | Previous |
Contact details
Garuda Developers Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address212 Bellary Road Sadashivanagar, Bangalore, Karnataka, India – 560080
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Garuda Developers 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
Financials of Garuda Developers Private Limited
FY 2025 filings availableGaruda Developers Private Limited reported revenue of ₹68.64 Lakh (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 51% over five years, including a 75% fall in the latest year. EBITDA fell 186% 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 | -₹1.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.23 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 | -164.9% | ||||
| Net Profit Margin | -178.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Garuda Developers Private Limited, buy the company report.
Board of directors of Garuda Developers Private Limited
Garuda Developers has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purushotham Chickanarasimhaiah | Director | 05 Apr 2013 | 13 Years 7 Months | Current |
| Purushotham Sarala Also directs: G.K. Chickanarsimhiah Private Limited | Director | 30 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Garuda Developers Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Parks Townships Pvt Ltd | ₹68.7 Lakh (FY 2025) | 320.0% | New Delhi, Delhi, India | |||
| Nayra Developers Private Limited | ₹68.68 Lakh (FY 2024) | Raipur, Chhattisgarh, India | ||||
| Aditee Buildcon Private Limited | ₹68.68 Lakh (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Garuda Developers Private Limitedthis company | ₹68.64 Lakh (FY 2025) | -₹1.23 Cr | -178.6% | -75.0% | Bangalore, Karnataka, India | |
| Sangini Builders & Developers Private Limited | ₹68.64 Lakh (FY 2024) | 12317.0% | Chas, Jharkhand, India | |||
| Trayaksha Builders and Developers Private Limited | ₹68.62 Lakh (FY 2024) | -22.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Garuda Developers Private Limited, buy the company report.
Auditor
Garuda Developers Private Limited is audited by RAMESH RAO & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMESH RAO & CO LLP | FY 2020 | 003003S |
Shareholding
The shareholding of Garuda Developers Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Garuda Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2000 | 80067606 | State Bank of Mysore | ₹38.5 Lakh | Open | |
| 04 Mar 2017 | 100095155 | State Bank of India | ₹7 Cr | Satisfied | |
| 22 Feb 2003 | 90200799 | State Bank of Mysore | ₹12 Lakh | Satisfied |
To see the full charge records of Garuda Developers Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Garuda Developers Private Limited has 5 court cases on record: 3 filed by Garuda Developers, 2 filed against it. 4 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 3 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by Olive Lifesciences Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Olive Lifesciences Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| High Court, KARNATAKA | Writ petition | Filed against the company by M/S G K Enterprises | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Messers G K Enterprises | Disposed |
To see the full case history of Garuda Developers 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 Garuda Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garuda Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCG0791N1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garuda Developers Private Limited, buy the company report.
Recent activity
Garuda Developers Private Limited has 8 board changes on record since 2002: 5 appointments and 3 cessations. The latest: Purushotham Sarala was appointed as Director on 30 Nov 2021.
5 earlier events are in the company report.
Frequently asked questions
Garuda 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 12 March 1999 (27+ years old) and is registered under CIN U45400KA1999PTC024899.
Garuda Developers has 2 current directors:
- Purushotham Chickanarasimhaiah - Director
- Purushotham Sarala - Director
The latest financial statements of Garuda Developers 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.
The GSTIN of Garuda Developers is 29AABCG0791N1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Garuda Developers is U45400KA1999PTC024899. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Developers has 5 court cases on record: 3 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
Garuda Developers was incorporated on 12 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Garuda Developers by revenue are Parks Townships Pvt Ltd, Nayra Developers Private Limited, Aditee Buildcon Private Limited, Sangini Builders & Developers Private Limited, Trayaksha Builders and Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Purushotham Sarala was appointed as Director on 30 Nov 2021. Rumeet Simmonds ceased to be Additional Director on 30 Nov 2021. Chandra Lekha ceased to be Director on 08 Feb 2021. Garuda Developers has 8 board changes on record in total.
The registered office of Garuda Developers is at 212 Bellary Road Sadashivanagar, Bangalore, Karnataka, India – 560080.
Garuda Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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