About Karnataka Forest Development Corporation Limited
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Karnataka Forest Development Corporation Limited is a private limited state government company based in Bangalore, Karnataka, India. It operates in the forestry and logging segment of the forestry and wildlife sector. It was incorporated on 25 January 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U02001KA1971SGC001999. Its GSTIN is 29AAACK9424B1ZO (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9.31 Cr. It is led by directors including Vijaymohanraj Vadde (Managing Director) and Adiveppa Pavate Aparna.
Its last annual general meeting (AGM) was held on 09 October 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vanavikas 1st Floor 18th Cross Malleswaram, Bangalore, Karnataka, India – 560003.
As per the financials filed for FY 2024, the company reported a revenue of ₹130.44 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹47.66 Cr (net margin 36.5%) and EBITDA of ₹52.27 Cr (EBITDA margin 40.1%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 8% over five years.
The company has about 1,615 employees on its provident fund (EPFO) records.
Court records list 165 cases involving the company, including 20 filed by the company and 147 filed against it; 20 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kfdcl.kar.nic.in.
Company details
CIN history
Karnataka Forest Development Corporation has one previous CIN (Corporate Identification Number): U02001KA1971ULL001999. The current CIN is U02001KA1971SGC001999, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U02001KA1971SGC001999 | Current |
| U02001KA1971ULL001999 | Previous |
Contact details
Karnataka Forest Development Corporation Limited's registered office is in Bangalore, Karnataka. Its website is kfdcl.kar.nic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressVanavikas 1st Floor 18th Cross Malleswaram, Bangalore, Karnataka, India – 560003
- IndustryForest & Wildlife, Forestry And Logging
To see the full contact details of Karnataka Forest Development Corporation 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 Karnataka Forest Development Corporation is agriculture, forestry, fishing. In detail, this covers forestry and logging.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A2 | Forestry and logging |
To see the full business activity and turnover split of Karnataka Forest Development Corporation Limited, buy the company report.
Financials of Karnataka Forest Development Corporation Limited
FY 2024 filings availableKarnataka Forest Development Corporation Limited reported revenue of ₹130.44 Cr (down 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 130% 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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| EBITDA | ₹52.27 Cr | ||||
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| Net Profit (PAT) | ₹47.66 Cr | ||||
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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 | 40.1% | ||||
| Net Profit Margin | 36.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Karnataka Forest Development Corporation Limited, buy the company report.
Board of directors of Karnataka Forest Development Corporation Limited
Karnataka Forest Development Corporation has 6 current directors and 67 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adiveppa Pavate Aparna | Nominee Director | 15 Jan 2025 | 1 Years 9 Months | Current |
| Manojkumar | Nominee Director | 05 Aug 2025 | 1 Years 2 Months | Current |
| Meenakshi Negi | Nominee Director | 09 Jun 2025 | 1 Years 4 Months | Current |
| Basavaraj Neelappa Shivannanavar | Nominee Director | 03 Jan 2025 | 1 Years 9 Months | Current |
| Hanmanthrao | Nominee Director | 12 Nov 2025 | 0 Years 11 Months | Current |
| Vijaymohanraj Vadde | Managing Director | 28 Jul 2025 | 1 Years 2 Months | Current |
Auditor
Karnataka Forest Development Corporation Limited is audited by V K NIRANJAN & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K NIRANJAN & Co | FY 2022 | 002468S |
Shareholding
The shareholding of Karnataka Forest Development Corporation 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 Karnataka Forest Development Corporation Limited, buy the company report.
Legal cases
Karnataka Forest Development Corporation Limited has 165 court cases on record: 20 filed by Karnataka Forest Development Corporation, 147 filed against it. 20 cases are pending and 145 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 131 | 125 | 18 |
| District courts | 32 | 21 | 2 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 165)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by Kingswood Industries Private Limited | Pending |
| High Court | Writ petition | Filed against the company by Kingswood Industries Private Limited | Disposed |
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed against the company by Karnataka Forest Development Corporation Ltd. Represented by Its Managing Director Vana Vikasa&Rdquo;, 18Th Cross, Malleshwaram, Bengaluru - 560003 ,Bangalore , Karnataka | Disposed |
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed by the company against K. Dinesh Kumar S/D/W/Thru:- Late Veerappa Gowda Presently Working As Plantation Watcher, Presently Working As Plantationwatcher, Konnaje Unit,Subramanya Rubber Division,Karnataka Forest Development Corporation Ltd.,Kadaba, Dist. South Canara, , , Karnataka and 3 others | Disposed |
| High Court, KARNATAKA | Appeal | Filed by the company against Karnataka Forest Development Corporation Ltd., and 3 others | Disposed |
To see the full case history of Karnataka Forest Development Corporation 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
Karnataka Forest Development Corporation Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 31 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| M/S. Kamadhenu Agencies, Mangaluru | |||
| M/S. Kelachandra Foundry, Kottayam, Kerala | |||
| an individual supplier | |||
| M/S. West Coast Drugs & Pharmaceuticals, Mangaluru | |||
| M/S. Pharma Promoters, Mangaluru |
To see the full MSME payment records of Karnataka Forest Development Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Karnataka Forest Development Corporation Limited has a workforce of 1,615 employees on its EPFO records as of Oct 22, 2024, across 7 active EPFO establishments.
GST
Karnataka Forest Development Corporation has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK9424B1ZO | Karnataka | Active | 01 Jul 2017 |
| 29AAACK9424B2ZN | Karnataka | Active | 01 Jul 2017 |
| 29AAACK9424B3ZM | Karnataka | Active | 01 Jul 2017 |
| 29AAACK9424B1DX | Karnataka | Active | 04 Oct 2018 |
To see the full GST registrations and return filing status of Karnataka Forest Development Corporation Limited, buy the company report.
Recent activity
Karnataka Forest Development Corporation Limited has 77 board changes on record since 2009: 12 appointments and 65 cessations. The latest: Hanmanthrao was appointed as Nominee Director on 12 Nov 2025.
68 earlier events are in the company report.
Frequently asked questions
Karnataka Forest Development Corporation is an active private limited state government company based in Bangalore, Karnataka, India. The company works in forestry and logging, within the forest and wildlife industry. It was incorporated on 25 January 1971 (55+ years old) and is registered under CIN U02001KA1971SGC001999.
Karnataka Forest Development Corporation has 6 current directors:
- Vijaymohanraj Vadde - Managing Director
- Adiveppa Pavate Aparna - Nominee Director
- Manojkumar - Nominee Director
- Meenakshi Negi - Nominee Director
- Basavaraj Neelappa Shivannanavar - Nominee Director
- Hanmanthrao - Nominee Director
The latest financial statements of Karnataka Forest Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka Forest Development Corporation is 29AAACK9424B1ZO, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 29AAACK9424B2ZN (Karnataka), 29AAACK9424B3ZM (Karnataka), 29AAACK9424B1DX (Karnataka).
The CIN (Corporate Identification Number) of Karnataka Forest Development Corporation is U02001KA1971SGC001999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Forest Development Corporation has 165 court cases on record: 20 filed by the company and 147 filed against it. 20 are pending. Most are in the high courts.
Karnataka Forest Development Corporation was incorporated on 25 January 1971, making it 55+ years old. It is registered with the Registrar of Companies, Bangalore.
Hanmanthrao was appointed as Nominee Director on 12 Nov 2025. Manojkumar was appointed as Nominee Director on 05 Aug 2025. Prabhash Chandra Ray ceased to be Nominee Director on 05 Aug 2025. Karnataka Forest Development Corporation has 77 board changes on record in total.
Karnataka Forest Development Corporation has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 31 overdue payments to 13 micro and small suppliers. The latest return was filed on 04 Nov 2019.
Karnataka Forest Development Corporation can be reached through the website kfdcl.kar.nic.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Karnataka Forest Development Corporation is at Vanavikas 1st Floor 18th Cross Malleswaram, Bangalore, Karnataka, India – 560003.