About India Golf Assets Private Limited
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India Golf Assets Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Avenue Ventures Real Estate Fund. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45200KA2006PTC086745. Its GSTIN is 33AACCT4643H1ZH (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹13 Lakh. It was formerly known as Tejodaya Realty Private Limited. It is led by directors including Nakul Dharmawat and Ben Cameron Melville Salmon.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Assetz House 30 Crescent Road, Bengaluru, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.84 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹9.64 Cr (net margin 48.6%) and EBITDA of ₹9.73 Cr (EBITDA margin 49%). Revenue has grown at a compounded annual rate (CAGR) of 193% over five years.
As per MCA filings, the company has open charges of ₹24.75 Cr and satisfied charges of ₹16 Cr on record. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹60.01 Cr; the latest was in March 2015. The company has 3 MSME Form 1 returns on record between 2021 and 2024, listing 30 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website assetzproperty.com.
Company details
CIN history
India Golf Assets has one previous CIN (Corporate Identification Number): U45200MH2006PTC160999. The current CIN is U45200KA2006PTC086745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200KA2006PTC086745 | Current |
| U45200MH2006PTC160999 | Previous |
Contact details
India Golf Assets Private Limited's registered office is in Bengaluru, Karnataka. Its website is assetzproperty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAssetz House 30 Crescent Road, Bengaluru, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of India Golf Assets 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
Business activity
The main business activity of India Golf Assets is construction. In detail, this covers construction of buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | 41 | Construction of buildings |
To see the full business activity and turnover split of India Golf Assets Private Limited, buy the company report.
Financials of India Golf Assets Private Limited
FY 2024 filings availableIndia Golf Assets Private Limited reported revenue of ₹19.84 Cr (down 52% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 52% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 193%. EBITDA rose 225% 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 | ₹9.73 Cr | ||||
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| Net Profit (PAT) | ₹9.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 49% | ||||
| Net Profit Margin | 48.6% | ||||
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To see the full financial statements and ratios of India Golf Assets Private Limited, buy the company report.
Board of directors of India Golf Assets Private Limited
India Golf Assets 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 |
|---|---|---|---|---|
| Nakul Dharmawat Also directs: Assetz Premium Homes Private Limited, Apg Environment Homes Private Limited, Apg Skywards Private Limited and 5 more | Director | 09 Oct 2023 | 3 Years 0 Months | Current |
| Ben Cameron Melville Salmon Also directs: Assetz Private Limited, Digital Edge DC (India) Private Limited | Director | 19 Dec 2016 | 9 Years 10 Months | Current |
| Somasundaram Thiruppathi Also directs: Assetz Infrastructure Private Limited, Assetz Industrial Parks Private Limited, Assetz Value Homes North Private Limited and 5 more | Director | 16 Oct 2014 | 12 Years 0 Months | Current |
| Jagannatha Laxman Shetty Also directs: Assetz Private Limited, Avenue Venture Partners Investment Advis Er LLP, Assetz Sarjapur Project Services LLP and 5 more | Director | 07 Aug 2014 | 12 Years 2 Months | Current |
Auditor
India Golf Assets Private Limited is audited by Guru Jana & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Guru Jana & Associates | FY 2023 | 025194S |
Shareholding
The shareholding of India Golf Assets Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of India Golf Assets Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2014 | 10532117 | Il & Fs Trust Company Limited | ₹21.04 Cr | Open | |
| 20 Oct 2014 | 10532700 | Il & Fs Trust Company Limited | ₹3.71 Cr | Open | |
| 29 Nov 2017 | 100142435 | State Bank of India | ₹16 Cr | Satisfied |
To see the full charge records of India Golf Assets Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
India Golf Assets Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹60.01 Cr; the latest was in March 2015.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: Kotak Mahindra Trusteeship Services Limited A/C Kotak India Real Estate Fund - I, Kotak Mahindra Trusteeship Services Limited A/C Kotak India Real Estate Fund - I & V Hari Krishna |
| Aug 2014 | Secondary share transfer | Undisclosed | Seller: Kotak Mahindra Trusteeship Services Limited A/C Kotak India Real Estate Fund - I |
| Aug 2014 | Funding round | ₹25 Cr | Investors: Avenue Venture Real Estate Fund, Assetz Investments and Holdings LLP |
| May 2014 | Secondary share transfer | Undisclosed | Seller: Kotak Mahindra Trusteeship Services Limited A/C Kotak India Real Estate Fund - I |
| Nov 2006 | Secondary share transfer | Undisclosed | Buyer: Kotak Mahindra Trusteeship Services Limited A/C Kotak India Real Estate Fund - I Seller: 2 individuals |
To see the full deal history of India Golf Assets Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving India Golf Assets Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
India Golf Assets Private Limited was last rated by Icra on 22 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Nov 2019 |
To see the full credit ratings and regulatory alerts of India Golf Assets Private Limited, buy the company report.
MSME payment delays
India Golf Assets Private Limited has 3 MSME Form 1 returns on record between 2021 and 2024, listing 30 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Social Beat Digital Marketing LLP | |||
| Krishna Transnational Marbles Private Limited | |||
| Uniq Facility Services Private Limited | |||
| an individual supplier | |||
| Comfort Windows & Doors Private Limited |
To see the full MSME payment records of India Golf Assets Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
India Golf Assets has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCT4643H1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Golf Assets Private Limited, buy the company report.
Recent activity
India Golf Assets Private Limited has 13 board changes on record since 2007: 4 appointments and 9 cessations. The latest: Nakul Dharmawat ceased to be Additional Director on 29 Sep 2024.
8 earlier events are in the company report.
News
Frequently asked questions
India Golf Assets is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 April 2006 (20+ years old) and is registered under CIN U45200KA2006PTC086745.
India Golf Assets has 4 current directors:
- Nakul Dharmawat - Director
- Ben Cameron Melville Salmon - Director
- Somasundaram Thiruppathi - Director
- Jagannatha Laxman Shetty - Director
The latest financial statements of India Golf Assets on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of India Golf Assets is 33AACCT4643H1ZH, registered in Tamil Nadu. 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 India Golf Assets is U45200KA2006PTC086745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Golf Assets was incorporated on 07 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
India Golf Assets has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹60.01 Cr; the latest was in March 2015.
Nakul Dharmawat ceased to be Additional Director on 29 Sep 2024. Nakul Dharmawat was appointed as Director on 09 Oct 2023. Ben Cameron Melville Salmon was appointed as Director on 19 Dec 2016. India Golf Assets has 13 board changes on record in total.
India Golf Assets has 3 MSME Form 1 returns on record between 2021 and 2024, listing 30 overdue payments to 11 micro and small suppliers. The latest return was filed on 30 Apr 2024.
India Golf Assets can be reached through the website assetzproperty.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of India Golf Assets is at Assetz House 30 Crescent Road, Bengaluru, Karnataka, India – 560001.