MSME (Udyam registered) Ministry of MSME
- Category
- Small (2020-21)
- Udyam number
- UDYAM-KR-03-0023392
Indium Developments Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.44 Cr
▼ 39% YoY
Net profit · FY 2024
₹16.83 Lakh
Net margin 3.1%
EBITDA · FY 2024
₹2.53 Cr
EBITDA margin 46.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹168.1 Cr
Satisfied ₹16.8 Cr
Company age
21 yrs
Est. 2005
Directors on board
4
As per MCA filings
About Indium Developments Private Limited
Data last updated:
Indium Developments 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 23 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U07010KA2005PTC037029. Its GSTIN is 29AABCI4026Q2Z5 (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 ₹50 Lakh. It is led by directors including Jayanth Belur Nagashamarao and Belur Shamarao Nagaraj.
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 No.204/C 27th Cross 6th Main 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.44 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹16.83 Lakh (net margin 3.1%) and EBITDA of ₹2.53 Cr (EBITDA margin 46.6%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 23% over five years.
The company is associated with 1 brand: Indium Group. As per MCA filings, the company has open charges of ₹168.1 Cr and satisfied charges of ₹16.8 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 2 cases are pending. The company has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹40 Lakh; the latest was in October 2015.
Indium Developments Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0023392). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indiumgroup.com.
Company details
CIN U07010KA2005PTC037029
Registration Number 037029
Incorporation Date 23 August 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0023392
Key People
Jayanth Belur Nagashamarao Director Belur Shamarao Nagaraj Director Nandan Setlur Director Recognitions & Rankings of Indium Developments
Contact details
Indium Developments Private Limited's registered office is in Bangalore, Karnataka. Its website is indiumgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.204/C 27th Cross 6th Main 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Indium Developments Private Limited, buy the company report.
Comprehensive company report
Indium Developments Private Limited - one report that includes everything
- 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
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Brands
Indium Developments operates one associated brand: Indium Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development including townships, housing, and green energy projects. | indiumgroup.com |
Business activity
The main business activity of Indium Developments 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 Indium Developments Private Limited, buy the company report.
Financials of Indium Developments Private Limited
FY 2024 filings availableIndium Developments Private Limited reported revenue of ₹5.44 Cr (down 39% YoY) for FY 2024.
Revenue · FY 2024
₹5.44 Cr ▼ 39%
Net profit · FY 2024
₹16.83 Lakh margin 3.1%
EBITDA · FY 2024
₹2.53 Cr margin 46.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▼ 16%
5 years · compounded
▼ 23%
EBITDA CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 13%
5 years · compounded
▼ 22%
Revenue has declined at a compounded annual rate (CAGR) of 23% over five years, including a 39% fall in the latest year. EBITDA fell 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
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| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.83 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 46.6% | ||||
| Net Profit Margin | 3.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Indium Developments Private Limited, buy the company report.
Board of directors of Indium Developments Private Limited
Indium Developments has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayanth Belur Nagashamarao Also directs: Indium Properties Private Limited, Indium Projects Private Limited, Bruhaspati Builders LLP and 5 more | Director | 10 Feb 2016 | 10 Years 9 Months | Current |
| Belur Shamarao Nagaraj | Director | 26 Aug 2005 | 21 Years 2 Months | Current |
| Nandan Setlur Also directs: Indium Properties Private Limited, Indium Projects Private Limited | Director | 13 Oct 2015 | 11 Years 0 Months | Current |
| Ramakrishna Reddy Madadi Also directs: Ras Energy Private Limited, Ras Infrastructure Limited, Shellygreen Cities Private Limited and 5 more | Director | 01 Sep 2005 | 21 Years 2 Months | Current |
Auditor
Indium Developments Private Limited is audited by ANKH & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANKH & ASSOCIATES | FY 2023 | 015330S |
Shareholding
The shareholding of Indium Developments 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 Indium Developments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹168.1 Cr
Satisfied charges
₹16.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2025 | 101179421 | Others | ₹90 Cr | Open | |
| 08 Aug 2025 | 101136499 | Others | ₹10 Cr | Open | |
| 10 Jul 2023 | 100746970 | Others | ₹12 Cr | Open | |
| 19 Mar 2018 | 100179550 | Dbs Bank Ltd | ₹56.1 Cr | Open | |
| 31 Mar 2016 | 100017177 | Dbs Bank Ltd | ₹3.9 Cr | Satisfied |
To see the full charge records of Indium Developments Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Indium Developments Private Limited has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹40 Lakh; the latest was in October 2015.
Total deals
3
Acquisition
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹40 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2015 | Funding round | ₹40 Lakh | Investors: 4 individuals |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2007 | Acquisition | Undisclosed | Buyer: Eden Holdings Private Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indium Developments Private Limited has 13 court cases on record: 9 filed by Indium Developments, 4 filed against it. 2 cases are pending and 11 are disposed.
Total cases
13
Filed by the company
9
Filed against the company
4
Pending
2
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 1 | 2 |
| High courts | 4 | 3 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAMANAGARA, Karnataka | Civil suit | Filed against the company | Pending |
| District court, RAMANAGARA, Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against State of Karnataka and 6 others | Disposed |
| District court, RAMANAGARAM, Karnataka | Civil suit | Filed by the company against individuals | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of Indium Developments 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 Indium Developments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indium Developments has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCI4026Q2Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indium Developments Private Limited, buy the company report.
Recent activity
Indium Developments Private Limited has 7 board changes on record since 2005: 4 appointments and 3 cessations. The latest: Jayanth Belur Nagashamarao ceased to be Additional Director on 28 Sep 2017.
Charges
A charge with Others amounted to Rs. 90.00 Cr with Charge ID 101179421 was registered on 14 Oct 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101136499 was registered on 08 Aug 2025.
Charges
A charge registered on 31 Mar 2016 via Charge ID 100017177 with Dbs Bank Ltd was fully satisfied on 15 Jul 2025.
Charges
A charge with Others of Rs. 12.00 Cr registered on 10 Jul 2023 with Charge ID 100746970 was modified on 28 Feb 2025.
AGM
Indium Developments Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Indium Developments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100746970 was registered on 10 Jul 2023.
Charges
A charge with Dbs Bank Ltd of Rs. 3.90 Cr registered on 31 Mar 2016 with Charge ID 100017177 was modified on 17 Feb 2022.
Charges
A charge with Dbs Bank Ltd of Rs. 56.10 Cr registered on 19 Mar 2018 with Charge ID 100179550 was modified on 29 Jul 2021.
Charges
A charge with Dbs Bank Ltd amounted to Rs. 56.10 Cr with Charge ID 100179550 was registered on 19 Mar 2018.
Charges
A charge registered on 05 Oct 2013 via Charge ID 10456501 with The Karnataka Bank Limited was fully satisfied on 05 Dec 2017.
Ceased
Jayanth Belur Nagashamarao ceased to be Additional Director.
9 earlier events are in the company report.
Frequently asked questions
Indium Developments 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 23 August 2005 (21+ years old) and is registered under CIN U07010KA2005PTC037029.
Indium Developments has 4 current directors:
- Jayanth Belur Nagashamarao - Director
- Belur Shamarao Nagaraj - Director
- Nandan Setlur - Director
- Ramakrishna Reddy Madadi - Director
The latest financial statements of Indium Developments 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 Indium Developments is 29AABCI4026Q2Z5, 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 Indium Developments is U07010KA2005PTC037029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indium Developments has 13 court cases on record: 9 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Indium Developments was incorporated on 23 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Indium Developments has 3 deals on record (1 acquisition, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹40 Lakh; the latest was in October 2015.
Jayanth Belur Nagashamarao ceased to be Additional Director on 28 Sep 2017. Nandan Setlur ceased to be Additional Director on 28 Sep 2017. Jayanth Belur Nagashamarao was appointed as Director on 10 Feb 2016. Indium Developments has 7 board changes on record in total.
Yes, Indium Developments is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0023392).
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