About Karvy Realty (India) Limited
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Karvy Realty (India) Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Stock Broking Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U66010TG2003PLC041681. Its GSTIN is 36AAECM0358C1ZU (Telangana). The company holds 8 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Majestic Insurance Services Private Limited and Karvy Realty & Services (India) Limited. It is led by directors including Vankata Sesha Ravi Prasad Chavali (Whole-Time Director) and Pravinbhai Bhagwanji Amlani.
Its last annual general meeting (AGM) was held on 13 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 46 Avenue 4 Street No.1 Banjara Hills Hyderabad., Telangana, India – 500034.
As per the financials filed for FY 2019, the company reported a revenue of ₹95.37 Cr, a growth of 68% compared to the previous year. For the same year it recorded a net profit of ₹1 Cr (net margin 1.1%) and EBITDA of ₹29.32 Cr (EBITDA margin 30.7%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 1 brand: Karvy. As per MCA filings, the company has open charges of ₹272 Cr and satisfied charges of ₹24.33 Cr on record. Court records list 109 cases involving the company, including 45 filed by the company and 64 filed against it; 38 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in March 2013.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvy.com.
Company details
Name history
Karvy Realty (India) has undergone 3 name changes throughout its history. The company was previously known as Majestic Insurance Services Private Limited, Karvy Realty & Services (India) Limited, and Karvy Realty & Services (India) Private Limited. The current legal name is Karvy Realty (India) Limited.
| Company Name | Status |
|---|---|
| Karvy Realty (India) Limited | Current |
| Majestic Insurance Services Private Limited | Previous |
| Karvy Realty & Services (India) Limited | Previous |
| Karvy Realty & Services (India) Private Limited | Previous |
CIN history
Karvy Realty (India) has one previous CIN (Corporate Identification Number): U66010AP2003PLC041681. The current CIN is U66010TG2003PLC041681, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66010TG2003PLC041681 | Current |
| U66010AP2003PLC041681 | Previous |
Contact details
Karvy Realty (India) Limited's registered office is in Hyderabad, Telangana. Its website is karvy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address46 Avenue 4 Street No.1 Banjara Hills Hyderabad., Telangana, India – 500034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Karvy Realty (India) 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 Karvy Realty (India) is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Karvy Realty (India) Limited, buy the company report.
Financials of Karvy Realty (India) Limited
FY 2019 filings availableKarvy Realty (India) Limited reported revenue of ₹95.37 Cr (up 68% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 24% over three years, including 68% growth in the latest year. EBITDA rose 15% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹95.37 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
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| EBITDA | ₹29.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.7% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 Karvy Realty (India) Limited, buy the company report.
Board of directors of Karvy Realty (India) Limited
Karvy Realty (India) has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Comandur Parthasarathy Also directs: Karvy Comtrade Limited, Karvy Holdings Limited, Karvy Investment Advisory Services Limited and 4 more | Additional Director | 21 Jun 2021 | 5 Years 4 Months | Current |
| Pravinbhai Bhagwanji Amlani Also directs: Karvy Realty & Services Limited, Karvy Forex & Currencies Private Limited, Karvy Broking (Ifsc) Limited and 3 more | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Vankata Sesha Ravi Prasad Chavali | Whole-Time Director | 20 Apr 2019 | 7 Years 6 Months | Current |
Auditor
Karvy Realty (India) Limited is audited by SSMS & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SSMS & Co. | FY 2019 | 014358S |
Shareholding
The shareholding of Karvy Realty (India) Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karvy Realty (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2019 | 100310778 | Idbi Trusteeship Services Limited | ₹5 Cr | Open | |
| 11 Oct 2019 | 100293001 | Idbi Trusteeship Services Limited | ₹17 Cr | Open | |
| 16 Nov 2017 | 100167638 | Lakshmi Vilas Bank Limited | ₹75 Cr | Open | |
| 25 Oct 2017 | 100185903 | Hdfc Bank Limited | ₹105 Cr | Open | |
| 28 Jan 2016 | 10621317 | Tamilnad Mercantile Bank Limited | ₹35 Cr | Open |
To see the full charge records of Karvy Realty (India) Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Karvy Realty (India) Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in March 2013.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Karvy Stock Broking Limited & C.Parthasarathy Seller: Karvy Stock Broking Limited & S.Gopichand |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Karvy Stock Broking Limited & Adhiraj Parthasarathy Seller: Karvy Stock Broking Limited & Sridhar Kalyanasundaram |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Karvy Stock Broking Limited & Rajat Parthasarathy Seller: Karvy Stock Broking Limited & M.S Manohar |
| Mar 2007 | Acquisition | ₹9.95 Cr | Buyer: Karvy Stock Broking Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Karvy Stock Broking Limited , Karvy Stock Broking Limited & M.S Manohar, Karvy Stock Broking Limited & Sridhar Kalyanasundaram Seller: 2 individuals |
To see the full deal history of Karvy Realty (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karvy Realty (India) Limited has 109 court cases on record: 45 filed by Karvy Realty (India), 64 filed against it. 38 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 62 | 51 | 29 |
| High courts | 46 | 13 | 8 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 109)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Court case (CRLRC) | Filed by the company against HDFC Bank Limited and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Karvy Stock Broking Limited and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by National Stock Exchange of India Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against National Stock Exchange of India Limited and 1 other | Pending |
| High Court | Commercial suit | Filed against the company by National Stock Exchange of India Ltd | Pending |
To see the full case history of Karvy Realty (India) 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 Karvy Realty (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karvy Realty (India) has 8 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sciknow Techno Solutions Limited | U72200CT2014PLC001604 | |
| Karvy Data Management Services Limited | U72300TG2008PLC058738 | |
| Digicall Global Private Limited | U72900DL2011PTC216458 | |
| Karvy Next Limited | U72900TG2017PLC119880 | |
| Karvy Forde Search Private Limited | U74140TG2001PTC036741 | |
| Karvy Renewable Energy Projects Limited | U74999TG2016PLC110676 |
To see the full group structure of Karvy Realty (India) Limited, buy the company report.
Employees & EPFO
Karvy Realty (India) Limited has a workforce of 4 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Karvy Realty (India) has 8 GST registrations: 3 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECM0358C1ZU | Telangana | Active | 01 Jul 2017 |
| 27AAECM0358C1ZT | Maharashtra | Active | 10 Jul 2017 |
| 37AAECM0358C2ZR | Andhra Pradesh | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Karvy Realty (India) Limited, buy the company report.
Recent activity
Karvy Realty (India) Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Prathivadi Bhayankaram Ramapriyan ceased to be Director on 20 Jul 2021.
14 earlier events are in the company report.
News
Frequently asked questions
Karvy Realty (India) is an active public limited company based in Hyderabad, Telangana, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 11 September 2003 (23+ years old) and is registered under CIN U66010TG2003PLC041681.
Karvy Realty (India) has 3 current directors:
- Vankata Sesha Ravi Prasad Chavali - Whole-Time Director
- Comandur Parthasarathy - Additional Director
- Pravinbhai Bhagwanji Amlani - Director
The latest financial statements of Karvy Realty (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 13 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Karvy Realty (India) is 36AAECM0358C1ZU, registered in Telangana. The company has 8 GST registrations in all, of which 3 are active and 5 are cancelled or inactive. Other active GSTINs include 27AAECM0358C1ZT (Maharashtra), 37AAECM0358C2ZR (Andhra Pradesh).
The CIN (Corporate Identification Number) of Karvy Realty (India) is U66010TG2003PLC041681. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Realty (India) has 109 court cases on record: 45 filed by the company and 64 filed against it. 38 are pending. Most are in the district courts.
Karvy Realty (India) was incorporated on 11 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Hyderabad.
Karvy Realty (India) has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in March 2013.
Prathivadi Bhayankaram Ramapriyan ceased to be Director on 20 Jul 2021. Comandur Parthasarathy was appointed as Additional Director on 21 Jun 2021. Nitin Saxena ceased to be Director on 21 Jun 2021. Karvy Realty (India) has 11 board changes on record in total.
Karvy Realty (India) can be reached through the website karvy.com. Its registered office is in Hyderabad, Telangana, India.
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