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:
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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
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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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 Metrics
  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 9 Year, 10 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

Comprehensive Company Insights

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
Name Designation Appointment Date Status
Rakesh Kumar Krishna Murthy Director 18 Apr 2022 Current
Umlanaik Chandranaik Managing Director 31 Jul 2024 Current
Ponnaiah Manivannan Nominee Director 18 Sep 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 31 Jul 2024 Past
Pramod Abcsdd Nominee Director 14 May 2020 Past
Pramod Abcsdd Nominee Director 18 Apr 2022 Past
Pramod Abcsdd Director 27 Jan 2017 Past
Pramod Abcsdd Director 30 Nov 2018 Past
Pramod Abcsdd Director 08 Jan 2020 Past

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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
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
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 -25.42%
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Revenue from Operations
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 337.92%
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*******
*******
Total Assets
*******
 -3.41%
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*******
Profit or Loss
*******
 -40.75%
*******
*******
*******
*******
Net Worth
*******
 -58.83%
*******
*******
*******
*******
EBITDA
*******
 -14.80%
*******
*******
*******
*******

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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.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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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 Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
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
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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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 6 months 9 days . was completed.

  • Annual General Meeting

    The activity Karnataka Bhovi Development Corporation last Annual general meeting of members was held on 27 Nov 2024 as per latest MCA records. was completed.

  • Director Appointment

    Progress on 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 7 months . was documented.

  • 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 11 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 10 months as per MCA records. was completed.

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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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