About Karnataka Bhovi Development Corporation
Data last updated: 24 February 2026
Karnataka Bhovi Development Corporation is a private not for profit company based in Bangalore, Karnataka, India. It specialises in financial services and investment, a part of the broader financial services sector. Incorporated on 26 May 2016, the company has been in operation for over 10 years.
Registered with ROC Bangalore under CIN U74999KA2016NPL093608.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rakesh Kumar Krishna Murthy and Umlanaik Chandranaik.
Last AGM: 27 November 2024. Financial statements filed for year ended 31 March 2023. Office: Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.97 Cr, a decline of 7% compared to the previous year.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kbdc.karnataka.gov.in.
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Registered Address20Th Floor, Visweswaraiah Main Tower, Bangalore, Karnataka, India – 560001
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IndustryFinancial Services, Financial Activities
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Business Activity of Karnataka Bhovi Development Corporation
Karnataka Bhovi Development Corporation is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Karnataka Bhovi Development Corporation
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Auditor Details of Karnataka Bhovi Development Corporation
Karnataka Bhovi Development Corporation is audited by KRISHNANANDA NAYAK & CO for the financial year 2021. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRISHNANANDA NAYAK & CO | Locked | Locked | Locked |
Complete auditor history for Karnataka Bhovi Development Corporation
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Board of Directors of Karnataka Bhovi Development Corporation
Karnataka Bhovi Development Corporation is currently managed by 3 directors, with 14 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Kumar Krishna Murthy | Director | 18 Apr 2022 | 4 Years 4 Months | Current |
| Umlanaik Chandranaik | Managing Director | 31 Jul 2024 | 2 Years 0 Months | Current |
| Ponnaiah Manivannan | Nominee Director | 18 Sep 2025 | 0 Years 11 Months | Current |
Financials of Karnataka Bhovi Development Corporation FY 2023 filings available
Karnataka Bhovi Development Corporation reported revenue of ₹4.97 Cr (down 7.00% YoY) for FY 2023.
Ten-year financial statements for Karnataka Bhovi Development Corporation
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Ownership and Shareholding of Karnataka Bhovi Development Corporation
Shareholding and ownership data for Karnataka Bhovi Development Corporation
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Charges & Borrowings Karnataka Bhovi Development Corporation
Karnataka Bhovi Development Corporation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Karnataka Bhovi Development Corporation
View historical data on people associated with Karnataka Bhovi Development Corporation, including employment history and EPFO contributions.
Employee and EPFO history for Karnataka Bhovi Development Corporation
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GST Compliance of Karnataka Bhovi Development Corporation
GST registrations and filing compliance for Karnataka Bhovi Development Corporation
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Credit Ratings, Litigation & Regulatory Alerts for Karnataka Bhovi Development Corporation
Credit ratings, litigation, and regulatory alerts for Karnataka Bhovi Development Corporation
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MSME Payment Delays by Karnataka Bhovi Development Corporation
MSME payment history for Karnataka Bhovi Development Corporation
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Subsidiaries & Group Companies of Karnataka Bhovi Development Corporation
Corporate group structure for Karnataka Bhovi Development Corporation
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MCA Filings & Documents of Karnataka Bhovi Development Corporation
MCA filings and documents for Karnataka Bhovi Development Corporation
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Recent Activity on Karnataka Bhovi Development Corporation
Frequently Asked Questions about Karnataka Bhovi Development Corporation
Karnataka Bhovi Development Corporation is an active private not for profit company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 26 May 2016 (10+ years old) and is registered under CIN U74999KA2016NPL093608.
Karnataka Bhovi Development Corporation reported revenue of ₹4.97 Cr for FY 2023 (down 7.00% YoY).
The current directors of Karnataka Bhovi Development Corporation are:
- Rakesh Kumar Krishna Murthy - Director
- Umlanaik Chandranaik - Managing Director
- Ponnaiah Manivannan - Nominee Director
The primary industry of Karnataka Bhovi Development Corporation is financial services. The company specifically operates in financial activities. The company is currently active in this sector.
Karnataka Bhovi Development Corporation can be reached at the registered office: 20Th Floor, Visweswaraiah Main Tower, Bangalore, Karnataka, India – 560001, or through the website kbdc.karnataka.gov.in.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹1 Lakh.