About Golden Gate Properties Limited
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Golden Gate Properties Limited is a public 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 28 September 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA1995PLC018889. Its GSTIN is 29AAACG5284H1ZE (Karnataka). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹54.46 Cr. It was formerly known as Golden Gate Properties & Finance Limited. It is led by directors including Ratish Kumar Moorthy (Whole-Time Director) and Kanukolanu Satish Sambamurthy.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at #820 80 Feet Road 20th Main 8th Block Koramangala, Bangalore, Karnataka, India – 560095.
As per the financials filed for FY 2020, the company reported a revenue of ₹65.99 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹44.46 Cr (net margin 67.4%) and EBITDA of ₹49.62 Cr (EBITDA margin 75.2%). Revenue has declined at a compounded annual rate (CAGR) of 100% over three years and 13% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Golden Gate Properties. As per MCA filings, the company has open charges of ₹194.24 Cr and satisfied charges of ₹459.59 Cr on record. Court records list 369 cases involving the company, including 116 filed by the company and 253 filed against it; 92 cases are pending. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹247.82 Cr; the latest was in September 2018. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Astrum Developments Private Limited with revenue of ₹198.25 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ggproperties.com.
Company details
CIN history
Golden Gate Properties has one previous CIN (Corporate Identification Number): U70102KA1995PTC018889. The current CIN is U70102KA1995PLC018889, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102KA1995PLC018889 | Current |
| U70102KA1995PTC018889 | Previous |
Contact details
Golden Gate Properties Limited's registered office is in Bangalore, Karnataka. Its website is ggproperties.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address#820 80 Feet Road 20th Main 8th Block Koramangala, Bangalore, Karnataka, India – 560095
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Golden Gate Properties 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
Brands
Golden Gate Properties operates one associated brand: Golden Gate Properties. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development of residential and commercial projects in South India. | ggproperties.com |
Business activity
The main business activity of Golden Gate Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Golden Gate Properties Limited, buy the company report.
Financials of Golden Gate Properties Limited
FY 2020 filings availableGolden Gate Properties Limited reported revenue of ₹65.99 Cr (up 10% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 438% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹65.99 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹49.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.46 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 | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75.2% | ||||
| Net Profit Margin | 67.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Golden Gate Properties Limited, buy the company report.
Board of directors of Golden Gate Properties Limited
Golden Gate Properties has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanukolanu Satish Sambamurthy Also directs: Golden Gate Holding Private Limited, Commune Properties India Private Limited, Orchids Elite Developers Private Limited and 2 more | Additional Director | 01 Jun 2023 | 3 Years 4 Months | Current |
| Sunil Reddy Gogula Also directs: Sunkalp Id Technologies Private Limited | Additional Director | 07 Nov 2024 | 1 Years 11 Months | Current |
| Ratish Kumar Moorthy Also directs: Golden Gate Holding Private Limited | Whole-Time Director | 23 Feb 2018 | 8 Years 7 Months | Current |
| Smriti Padma Thumma | Additional Director | 07 Apr 2025 | 1 Years 6 Months | Current |
Peer comparison
Golden Gate Properties Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Astrum Developments Private Limited | ₹198.25 Cr (FY 2025) | -29.0% | Mumbai, Maharashtra, India | |||
| Trifecta Projects Private Limited | ₹197.4 Cr (FY 2025) | -29.0% | Bangalore, Karnataka, India | |||
| Sankhya Realtors Private Limited | ₹197.01 Cr (FY 2024) | Kolkata, West Bengal, India | ||||
| You Seung Sang Sa India Construction Private Limited | ₹196.69 Cr (FY 2019) | 68.0% | Chennai, Tamil Nadu, India | |||
| Golden Gate Properties Limitedthis company | ₹65.99 Cr (FY 2020) | ₹44.46 Cr | 67.4% | 10.0% | 20 | Bangalore, Karnataka, India |
To see the full peer comparison of Golden Gate Properties Limited, buy the company report.
Auditor
Golden Gate Properties Limited is audited by JAYARAJA AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAYARAJA AND ASSOCIATES | FY 2020 | 015167S |
Shareholding
The shareholding of Golden Gate Properties Limited is on record for 5 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 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Golden Gate Properties Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2019 | 100248180 | Others | ₹28 Cr | Open | |
| 19 Dec 2017 | 100154608 | Others | ₹40 Cr | Open | |
| 21 Mar 2017 | 100087812 | Others | ₹2.65 Cr | Open | |
| 22 Sep 2015 | 10596747 | Srei Equipment Finance Limited | ₹54.95 Lakh | Open | |
| 08 Sep 2015 | 10594507 | Jm Financial Asset Reconstruction Company Private Limited | ₹50 Cr | Open |
To see the full charge records of Golden Gate Properties Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Golden Gate Properties Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹247.82 Cr; the latest was in September 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2007 | Funding round | ₹176 Cr | Investors: RREEF GO III Mauritius One Limited |
| Dec 2007 | Funding round | ₹44.82 Cr | Investors: RREEF GO III Mauritius One Limited |
| Mar 2007 | Funding round | ₹27 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Golden Gate Properties Limited has 369 court cases on record: 116 filed by Golden Gate Properties, 253 filed against it. 92 cases are pending and 277 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 225 | 180 | 52 |
| High courts | 132 | 62 | 34 |
| Supreme Court | 6 | 6 | 2 |
| NCLAT | 5 | 4 | 4 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 369)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by M/S Best Golden Developers Pvt Ltd | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against M/S. Nestoya Homes Pvt. Ltd. Rep. by the Director Umamaheshwara Reddy K and Voora Ravichandra | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Bhagya Lakshmi Properties Pvt Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Housing Development Finance Corporation Ltd, and 1 other | Pending |
| High Court | Writ petition | Filed by the company against Housing Development Finance Corporation Ltd., and 4 others | Pending |
To see the full case history of Golden Gate Properties 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 Golden Gate Properties Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Golden Gate Properties has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Best Golden Developers Private Limited | U70100KA2011PTC061674 | |
| Golden Gate Developers Private Limited | U70101KA2005PTC037053 |
To see the full group structure of Golden Gate Properties Limited, buy the company report.
Employees & EPFO
Golden Gate Properties Limited has a workforce of 20 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Golden Gate Properties has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACG5284H1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Golden Gate Properties Limited, buy the company report.
Recent activity
Golden Gate Properties Limited has 28 board changes on record since 2007: 4 appointments and 24 cessations. The latest: Parwath Reddy Madireddy ceased to be Additional Director on 07 Apr 2025.
124 earlier events are in the company report.
Frequently asked questions
Golden Gate Properties is an active public 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 28 September 1995 (31+ years old) and is registered under CIN U70102KA1995PLC018889.
Golden Gate Properties has 4 current directors:
- Ratish Kumar Moorthy - Whole-Time Director
- Kanukolanu Satish Sambamurthy - Additional Director
- Sunil Reddy Gogula - Additional Director
- Smriti Padma Thumma - Additional Director
The latest financial statements of Golden Gate Properties on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Golden Gate Properties is 29AAACG5284H1ZE, registered in Karnataka. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Golden Gate Properties is U70102KA1995PLC018889. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Golden Gate Properties has 369 court cases on record: 116 filed by the company and 253 filed against it. 92 are pending. Most are in the district courts.
Golden Gate Properties was incorporated on 28 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Golden Gate Properties has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹247.82 Cr; the latest was in September 2018.
The peers of Golden Gate Properties by revenue are Astrum Developments Private Limited, Trifecta Projects Private Limited, Sankhya Realtors Private Limited, You Seung Sang Sa India Construction Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Parwath Reddy Madireddy ceased to be Additional Director on 07 Apr 2025. Smriti Padma Thumma was appointed as Additional Director on 07 Apr 2025. Sunil Reddy Gogula was appointed as Additional Director on 07 Nov 2024. Golden Gate Properties has 28 board changes on record in total.
Golden Gate Properties can be reached through the website ggproperties.com. Its registered office is in Bangalore, Karnataka, India.