About Karnataka Thanda Development Corporation Limited
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Karnataka Thanda Development Corporation Limited is a private limited state government company based in Bangalore, Karnataka, India. It operates in the general infrastructure services segment of the infrastructure and utilities sector. It was incorporated on 23 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U93000KA2009SGC049213. Its GSTIN is 29AADCK9769N1DP (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.01 Cr. It was formerly known as Thanda Development Banjara Corporation Limited. It is led by directors including Lalsinghnaik Shivashankarnaik (Managing Director) and Neelaiah Raju (Managing Director).
Its last annual general meeting (AGM) was held on 03 January 2024, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Sairabagh2Ndfloor 19/4 Cunninghamroad, Bangalore, Karnataka, India – 560052.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.86 Cr, a decline of 20% compared to the previous year. For the same year it recorded a net profit of ₹70.07 Lakh (net margin 10.2%) and EBITDA of ₹95.25 Lakh (EBITDA margin 13.9%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 10 cases involving the company, including 10 filed against it; 2 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 banjarathanda.kar.nic.in.
Company details
Contact details
Karnataka Thanda Development Corporation Limited's registered office is in Bangalore, Karnataka. Its website is banjarathanda.kar.nic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSairabagh2Ndfloor 19/4 Cunninghamroad, Bangalore, Karnataka, India – 560052
- IndustryInfrastructure and Utilities, General Infrastructure Services
To see the full contact details of Karnataka Thanda 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 Thanda Development Corporation is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Karnataka Thanda Development Corporation Limited, buy the company report.
Financials of Karnataka Thanda Development Corporation Limited
FY 2021 filings availableKarnataka Thanda Development Corporation Limited reported revenue of ₹6.86 Cr (down 20% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 20% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 73% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹6.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹95.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹70.07 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.9% | ||||
| Net Profit Margin | 10.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Karnataka Thanda Development Corporation Limited, buy the company report.
Board of directors of Karnataka Thanda Development Corporation Limited
Karnataka Thanda Development Corporation has 6 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parashuram Shinnalkar | Director | 23 Oct 2019 | 7 Years 0 Months | Current |
| Lalsinghnaik Shivashankarnaik | Managing Director | 28 Aug 2023 | 3 Years 2 Months | Current |
| Nagambikadevi Narasimhappa | Nominee Director | 28 Jul 2020 | 6 Years 3 Months | Current |
| Doddabalapur Shivananda Sudarshan Kumar | Nominee Director | 08 Mar 2019 | 7 Years 7 Months | Current |
| Neelaiah Raju Also directs: Dr. B.R. Ambedkar Development Corporation Limited | Managing Director | 31 Jul 2024 | 2 Years 3 Months | Current |
| Rakesh Kumar Krishna Murthy | Nominee Director | 18 Apr 2022 | 4 Years 6 Months | Current |
Auditor
Karnataka Thanda Development Corporation Limited is audited by BRAHMAYYA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2021 | 218655 |
Shareholding
The shareholding of Karnataka Thanda Development Corporation Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnataka Thanda Development Corporation Limited, buy the company report.
Legal cases
Karnataka Thanda Development Corporation Limited has 10 court cases on record: 10 filed against it. 2 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 7 | 1 |
| District courts | 3 | 3 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by M/S Mahavir Submersibles Pvt Ltd and 11 others | Disposed |
| High Court, KARNATAKA | Appeal | Filed against the company by Innovative Equipments Pvt. Ltd., and 2 others | Disposed |
| District court, RAICHUR, Karnataka | Interim or miscellaneous application | Filed against the company | Pending |
| High Court | Writ petition | Filed against the company by individuals | Pending |
| District court, KALABURAGI, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Karnataka Thanda 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
No delayed payments to MSME suppliers are on our record for Karnataka Thanda Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karnataka Thanda Development Corporation Limited has a workforce of 1 employees on its EPFO records as of Oct 22, 2024, across 1 active EPFO establishment.
GST
Karnataka Thanda Development Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCK9769N1DP | Karnataka | Active | 06 Feb 2018 |
To see the full GST registrations and return filing status of Karnataka Thanda Development Corporation Limited, buy the company report.
Recent activity
Karnataka Thanda Development Corporation Limited has 37 board changes on record since 2010: 6 appointments and 31 cessations. The latest: Neelaiah Raju was appointed as Managing Director on 31 Jul 2024.
28 earlier events are in the company report.
Frequently asked questions
Karnataka Thanda Development Corporation is an active private limited state government company based in Bangalore, Karnataka, India. The company works in general infrastructure services, within the infrastructure and utilities industry. It was incorporated on 23 February 2009 (17+ years old) and is registered under CIN U93000KA2009SGC049213.
Karnataka Thanda Development Corporation has 6 current directors:
- Lalsinghnaik Shivashankarnaik - Managing Director
- Neelaiah Raju - Managing Director
- Parashuram Shinnalkar - Director
- Nagambikadevi Narasimhappa - Nominee Director
- Doddabalapur Shivananda Sudarshan Kumar - Nominee Director
- Rakesh Kumar Krishna Murthy - Nominee Director
The latest financial statements of Karnataka Thanda Development Corporation on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 03 January 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka Thanda Development Corporation is 29AADCK9769N1DP, 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 Karnataka Thanda Development Corporation is U93000KA2009SGC049213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Thanda Development Corporation has 10 court cases on record: 10 filed against it. 2 are pending. Most are in the high courts.
Karnataka Thanda Development Corporation was incorporated on 23 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Neelaiah Raju was appointed as Managing Director on 31 Jul 2024. Lalsinghnaik Shivashankarnaik was appointed as Managing Director on 28 Aug 2023. Umlanaik Chandranaik ceased to be Managing Director on 28 Aug 2023. Karnataka Thanda Development Corporation has 37 board changes on record in total.
Karnataka Thanda Development Corporation can be reached through the website banjarathanda.kar.nic.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Karnataka Thanda Development Corporation is at Sairabagh2Ndfloor 194 Cunninghamroad, Bangalore, Karnataka, India – 560052.
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