Inca Developers Limited
About Inca Developers Limited
Data last updated:
Inca Developers Limited is a public limited company based in Aluva, Kerala, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 September 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U45202KL2007PLC021196.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.83 Cr. It was formerly known as Verizon Builders and Developers Limited. It is led by directors including Sandeep Kalathiparambil Jose (Managing Director) and Babumanjaly.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at VI/69 Choornikara Panchayath Near Carmel Generalate, Aluva, Kerala, India – 683106.
As per the financials filed for FY 2025, the company reported a revenue of ₹67,500. For the same year it recorded a net loss of ₹6.01 Lakh and EBITDA of -₹6 Lakh. Revenue has grown at a compounded annual rate (CAGR) of 223% over three years.
Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressVI/69 Choornikara Panchayath Near Carmel Generalate, Aluva, Kerala, India – 683106
- 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
Financials of Inca Developers Limited FY 2025 filings available
Inca Developers Limited reported revenue of ₹67,500 for FY 2025.
Compounded Annual Growth Rate (CAGR) of Inca Developers Limited
Revenue has grown at a compounded annual rate (CAGR) of 223% over three years. EBITDA fell 122% 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 Inca Developers 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 | -₹6 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.01 Lakh | •••• | •••• | •••• | •••• |
| 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 Inca Developers Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Inca 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 Inca Developers Limited
Inca Developers 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 |
|---|---|---|---|---|---|---|
| Asd Builder and Developers Private Limited | ₹67,750 (FY 2025) | •••• | •••• | 43.0% | •••• | Kolkata, West Bengal, India |
| Gajraj Properties Private Limited | ₹67,700 (FY 2025) | •••• | •••• | -92.0% | •••• | Kolkata, West Bengal, India |
| Binayak Enclave Pvt Ltd | ₹67,624 (FY 2025) | •••• | •••• | -86.0% | •••• | Kolkata, West Bengal, India |
| Bhargav Land Developers Private Limited | ₹67,620 (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Platinum Heritage Homes Private Limited | ₹67,533 (FY 2024) | •••• | •••• | -94.0% | •••• | Patna, Bihar, India |
| Inca Developers Limited this company | ₹67,500 (FY 2025) | •••• | •••• | •••• | Aluva, Kerala, India | |
| Shivangel Realtor Private Limited | ₹67,500 (FY 2024) | •••• | •••• | -10.0% | •••• | New Delhi, Delhi, India |
| M N Developers Private Limited | ₹67,500 (FY 2023) | •••• | •••• | -4.0% | •••• | Delhi, India |
| Magnates Realtors Private Limited | ₹67,500 (FY 2019) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Dhanop Real Estate Private Limited | ₹67,500 (FY 2025) | •••• | •••• | -95.0% | •••• | Indore, Madhya Pradesh, India |
| Jyotika Granites Private Limited | ₹67,500 (FY 2025) | •••• | •••• | 69.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Inca 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 Inca Developers Limited
Inca Developers Limited is audited by P RAJKUMAR & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P RAJKUMAR & 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 Inca Developers Limited
Inca Developers has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kalathiparambil Jose | Managing Director | 10 Sep 2007 | 19 Years 1 Months | Current |
| Babumanjaly | Director | 21 Mar 2013 | 13 Years 6 Months | Current |
| Ajithan Mambarambath Puraushothaman | Director | 21 Mar 2013 | 13 Years 6 Months | Current |
| Shankar Sambandamurthy | Director | 28 Apr 2025 | 1 Years 5 Months | Current |
Ownership and Shareholding of Inca Developers 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 Inca Developers Limited
Inca Developers Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Inca Developers Limited
Inca Developers Limited has 10 court cases on record: 5 filed by Inca Developers, 5 filed against it. 2 cases are pending and 8 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 4 | 1 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (OP(C)) | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed against the company by an individual | Pending |
| District court, Idukki, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Criminal complaint | Filed against the company by State of Kerala (Police) | Disposed |
| District court, Palakkad, Kerala | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 10 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 Inca Developers Limited
Employment history and EPFO contributions of people linked to Inca 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 Inca Developers Limited
Inca Developers Limited has 13 board changes on record since 2007: 4 appointments and 9 cessations. The latest: Shankar Sambandamurthy ceased to be Additional Director on 28 Sep 2025.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Inca Developers 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 Inca Developers 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 Inca Developers 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 Inca Developers Limited
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 Inca Developers 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 Inca Developers Limited
Inca Developers is an active public limited company based in Aluva, Kerala, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 September 2007 (19+ years old) and is registered under CIN U45202KL2007PLC021196.
Inca Developers reported revenue of ₹67,500 for FY 2025.
Inca Developers has 4 current directors:
- Sandeep Kalathiparambil Jose - Managing Director
- Babumanjaly - Director
- Ajithan Mambarambath Puraushothaman - Director
- Shankar Sambandamurthy - Director
Inca Developers reported a net loss of ₹6.01 Lakh and EBITDA of -₹6 Lakh for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Inca Developers is 223% over three years. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Inca Developers is U45202KL2007PLC021196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inca Developers has 10 court cases on record: 5 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Inca Developers was incorporated on 10 September 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Inca Developers by revenue are Asd Builder and Developers Private Limited, Gajraj Properties Private Limited, Binayak Enclave Pvt Ltd, Bhargav Land Developers Private Limited, Platinum Heritage Homes Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Shankar Sambandamurthy ceased to be Additional Director on 28 Sep 2025. Ajithan Mambarambath Puraushothaman ceased to be Director on 23 May 2025. Shankar Sambandamurthy was appointed as Director on 28 Apr 2025. Inca Developers has 13 board changes on record in total.
The registered office of Inca Developers is at VI69 Choornikara Panchayath Near Carmel Generalate, Aluva, Kerala, India – 683106.