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Karnataka Bhovi Development Corporation - Company Profile

It is a financial services private not for profit company based in Bangalore, Karnataka, India, established in 2016.

2016 | Bangalore, Karnataka, India | Active
Last Updated:

About Karnataka Bhovi Development Corporation

Karnataka Bhovi Development Corporation, a active private not for profit company, was established on 26 May 2016 in Bangalore, Karnataka, India. Engaging in financial activities within the financial and insurance service sector, it holds CIN: U74999KA2016NPL093608. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹1.00 M and a paid-up capital of ₹0.10 M.

It upholds a compliant status. Its leadership includes Rakesh Kumar Krishna Murthy (Director), Umlanaik Chandranaik (Managing Director), Ponnaiah Manivannan (Nominee Director). Past directors included Munilakkappa Sulthanpet Mangala, Anbukkumar Venkatesan, Ramachandpura Sanjevarayappa Peddappaiah. Its latest AGM occurred on 27 November 2024, with the balance sheet filed on 31 March 2023. It is based at 20Th Floor,, Visweswaraiah Main Tower, Bangalore, Karnataka, 560001.

Company Details

  • CIN/LLPIN

    U74999KA2016NPL093608

  • Registration Number

    093608

  • Incorporation Date

    26 May 2016

  • Authorized Capital

    ₹1.00 M

  • Paid-Up Capital

    ₹0.10 M

  • ROC Code

    Roc Bangalore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 9 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth -25.42%
  • Profit Growth -40.75%
  • Ebitda -14.80%
  • Net Worth -58.83%
  • Total Assets -3.41%
Company report

Karnataka Bhovi Development Corporation

Company Report FY 2025-2026

Explore comprehensive insights into Karnataka Bhovi Development Corporation — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Karnataka Bhovi Development Corporation?

Current Directors

NameDesignationAppointment DateStatus
Rakesh Kumar Krishna MurthyDirector18 Apr 2022Current
Umlanaik ChandranaikManaging Director31 Jul 2024Current
Ponnaiah ManivannanNominee Director18 Sep 2025Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddManaging Director31 Jul 2024Past
Pramod AbcsddNominee Director14 May 2020Past
Pramod AbcsddNominee Director18 Apr 2022Past
Pramod AbcsddDirector27 Jan 2017Past
Pramod AbcsddDirector30 Nov 2018Past
Pramod AbcsddDirector08 Jan 2020Past

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Financial Performance of Karnataka Bhovi Development Corporation.

Karnataka Bhovi Development Corporation, for the financial year ended 2021, experienced significant reduction in revenue, with a 25.42% decrease. The company also saw a substantial fall in profitability, with a 40.75% decrease in profit. The company's net worth observed a substantial decline by a decrease of 58.83%.

Karnataka Bhovi Development Corporation revenue growth over time
Karnataka Bhovi Development Corporation profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-25.42%
Revenue from Operations
337.92%
Total Assets
-3.41%
Profit or Loss
-40.75%
Net Worth
-58.83%
EBITDA
-14.80%

What is the Ownership and Shareholding Structure of Karnataka Bhovi Development Corporation?

In 2021, Karnataka Bhovi Development Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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Charges (Loans)

There are no open charges registered against the company as per our records.

How Many Employees Work at Karnataka Bhovi Development Corporation?

Unlock and access historical data on people associated with Karnataka Bhovi Development Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Karnataka Bhovi Development Corporation

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Karnataka Bhovi Development Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Karnataka Bhovi Development Corporation's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

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Latest Updates, News, and FAQs on Karnataka Bhovi Development Corporation

Recent Activity within the Organization

  • Director Appointment

    The activity Ponnaiah Manivannan was appointed as a Nominee Director was appointed as a Nominee Director on 18 Sep 2025 & has been associated with this company since 3 months 27 days . was completed.

  • Annual General Meeting

    Karnataka Bhovi Development Corporation last Annual general meeting of members was held on 27 Nov 2024 as per latest MCA records. was recorded as a recent event.

  • Director Appointment

    Umlanaik Chandranaik was appointed as a Managing Director was appointed as a Managing Director on 31 Jul 2024 & has been associated with this company since 1 year 5 months . was recorded as a recent event.

  • Balance Sheet

    The activity Karnataka Bhovi Development Corporation has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore. was completed.

  • Director Appointment

    Rakesh Kumar Krishna Murthy was appointed as a Director was appointed as a Director on 18 Apr 2022 & has been associated with this company since 3 years 8 months . was recorded as a recent event.

  • Company Incorporation

    The activity Karnataka Bhovi Development Corporation was registered on 26 May 2016 with Roc Bangalore & aged 9 years 7 months as per MCA records. was completed.

Frequently Asked Questions

  • What is the CIN of Karnataka Bhovi Development Corporation?

    The CIN of Karnataka Bhovi Development Corporation is U74999KA2016NPL093608.

  • Where is Karnataka Bhovi Development Corporation headquartered?

    Karnataka Bhovi Development Corporation is headquartered at 20Th Floor,, Visweswaraiah Main Tower, Bangalore, Karnataka, 560001.

  • When was Karnataka Bhovi Development Corporation incorporated?

    Karnataka Bhovi Development Corporation was incorporated on 26 May 2016.

  • Who are the current directors of Karnataka Bhovi Development Corporation?

    The current directors of Karnataka Bhovi Development Corporation are

  • What is the primary industry of Karnataka Bhovi Development Corporation?

    The primary industry of Karnataka Bhovi Development Corporation is Financial And Insurance Service.

  • Is Karnataka Bhovi Development Corporation a listed company?

    Karnataka Bhovi Development Corporation is unlisted.

  • What is the capital structure of Karnataka Bhovi Development Corporation?

    The authorized capital of Karnataka Bhovi Development Corporation is ₹1.00 M, and the paid-up capital is ₹0.10 M.

  • What is the compliance status of Karnataka Bhovi Development Corporation?

    The compliance status of Karnataka Bhovi Development Corporation is Compliant.

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