About Indes Projects (India) Private Limited
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Indes Projects (India) 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 21 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70200KA2012PTC065450. Its GSTIN is 29AADCI0124M2ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Putrevu Lakshmi Narasimham and Phani Prasad Kurada.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Sy. No.165/1 2 3 Kalkere Chennasandra Main Road K Chennasandra, Bangalore, Karnataka, India – 560043.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.75 Lakh (net margin -0.3%) and EBITDA of ₹4.67 Lakh (EBITDA margin 0.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹5 Cr on record. Court records list 3 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indesprojects.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSy. No.165/1 2 3 Kalkere Chennasandra Main Road K Chennasandra, Bangalore, Karnataka, India – 560043
- IndustryReal Estate and Construction, Real Estate Builders & Developers, Real Estate Marketing & Sales
- 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 Indes Projects (India) Private Limited
The main business activity of Indes Projects (India) 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 Indes Projects (India) Private Limited FY 2021 filings available
Indes Projects (India) Private Limited reported revenue of ₹9.87 Cr (up 1245% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Indes Projects (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years. EBITDA fell 74% 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 Indes Projects (India) Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9.87 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.67 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.75 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 Indes Projects (India) Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.3% | •••• | •••• | •••• | •••• |
| 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 Indes Projects (India) 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 Indes Projects (India) Private Limited
Indes Projects (India) Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers, Real Estate Marketing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Parilok Real Estates Private Limited | ₹9.89 Cr (FY 2025) | •••• | •••• | 1093.0% | •••• | New Delhi, Delhi, India |
| Rushikesh Reality Private Limited | ₹9.87 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Ahmedabad, Gujarat, India |
| Punarnava Construction and Infrastructure Private Limited | ₹9.87 Cr (FY 2021) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Jayrcon Builders Private Limited | ₹9.87 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Baraut, Uttar Pradesh, India |
| Rahul Kaushik Developers Private Limited | ₹9.87 Cr (FY 2024) | •••• | •••• | 392.0% | •••• | Maujpur, Delhi, India |
| Indes Projects (India) Private Limited this company | ₹9.87 Cr (FY 2021) | •••• | •••• | 1245.0% | •••• | Bangalore, Karnataka, India |
| Waterline Hotels Private Limited | ₹9.87 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Bangalore South, Karnataka, India |
| B. P. G. Securities Private Limited | ₹9.87 Cr (FY 2025) | •••• | •••• | -50.0% | •••• | Kanpur, Uttar Pradesh, India |
| Star Valley Buildhome Private Limited | ₹9.86 Cr (FY 2016) | •••• | •••• | 30.0% | •••• | Jaipur, Rajasthan, India |
| Shwetpushp Infra Projects Private Limited | ₹9.86 Cr (FY 2022) | •••• | •••• | 127.0% | •••• | Kolkata, West Bengal, India |
| Ratana Realty Private Limited | ₹9.86 Cr (FY 2025) | •••• | •••• | 932.0% | •••• | Rajahmundry, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Indes Projects (India) by revenue in the Real Estate industry (Builders and Developers, Real Estate Marketing), 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 Indes Projects (India) Private Limited
Indes Projects (India) Private Limited is audited by VENKATESH BHASKAR & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENKATESH BHASKAR & ASSOCIATES | 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 Indes Projects (India) Private Limited
Indes Projects (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Putrevu Lakshmi Narasimham | Director | 21 Aug 2012 | 14 Years 1 Months | Current |
| Phani Prasad Kurada | Director | 21 Aug 2012 | 14 Years 1 Months | Current |
Ownership and Shareholding of Indes Projects (India) 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 Indes Projects (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Jan 2016 | Lic Housing Finance Ltd | ₹5 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Indes Projects (India) Private Limited
Indes Projects (India) Private Limited has 3 court cases on record: 2 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Bharathi Rock Products (India) Private Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed against the company by Turbovent Industries Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Company is another party | Disposed |
Full case history
All 3 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 Indes Projects (India) Private Limited
Employment history and EPFO contributions of people linked to Indes Projects (India).
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 Indes Projects (India) Private Limited
Indes Projects (India) Private Limited has 2 board changes on record since 2012: 2 appointments. The latest: Phani Prasad Kurada was appointed as Director on 21 Aug 2012.
Credit Ratings, Litigation & Regulatory Alerts for Indes Projects (India) 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 Indes Projects (India) 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 Indes Projects (India) 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 Indes Projects (India) Private Limited
Indes Projects (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCI0124M2ZK | Karnataka | Active | 01 Aug 2020 |
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 Indes Projects (India) 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 Indes Projects (India) Private Limited
Indes Projects (India) 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 21 August 2012 (14+ years old) and is registered under CIN U70200KA2012PTC065450.
Indes Projects (India) reported revenue of ₹9.87 Cr for FY 2021 (up 1245% YoY).
Indes Projects (India) has 2 current directors:
- Putrevu Lakshmi Narasimham - Director
- Phani Prasad Kurada - Director
Indes Projects (India) reported a net loss of ₹2.75 Lakh (net margin -0.3%) and EBITDA of ₹4.67 Lakh (EBITDA margin 0.5%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Indes Projects (India) is 19% over three years and 31% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Indes Projects (India) is 29AADCI0124M2ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Indes Projects (India) is U70200KA2012PTC065450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indes Projects (India) has 3 court cases on record: 2 filed against it. Most are in the district courts.
Indes Projects (India) was incorporated on 21 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Indes Projects (India) by revenue are Parilok Real Estates Private Limited, Rushikesh Reality Private Limited, Punarnava Construction and Infrastructure Private Limited, Jayrcon Builders Private Limited, Rahul Kaushik Developers Private Limited and 5 more, all in the Real Estate industry (Builders and Developers, Real Estate Marketing).
Phani Prasad Kurada was appointed as Director on 21 Aug 2012. Putrevu Lakshmi Narasimham was appointed as Director on 21 Aug 2012.