About Maarq Spaces Private Limited
Data last updated:
Maarq Spaces Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 10 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC082803. Its GSTIN is 29AAGCC1998Q1ZO (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹42 Lakh. It was formerly known as Cv Advisors Private Limited and Marq Spaces Private Limited. It is led by directors Balakrishna Kudigram and Sunil Jain.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.98 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹8.83 Cr (net margin -49.1%) and EBITDA of -₹8.8 Cr (EBITDA margin -49%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 57% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Maarq. As per MCA filings, the company has satisfied charges of ₹12.72 Cr on record. Court records list 8 cases involving the company, including 1 filed by the company and 2 filed against it; 3 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 maarqspaces.com.
Name History of Maarq Spaces Private Limited
Maarq Spaces has undergone 2 name changes throughout its history. The company was previously known as Cv Advisors Private Limited, and Marq Spaces Private Limited. The current legal name is Maarq Spaces Private Limited.
| Company Name | Status |
|---|---|
| Maarq Spaces Private Limited | Current |
| Cv Advisors Private Limited | Previous |
| Marq Spaces Private Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1541 South End B Road, 9th Block East, Bangalore, Karnataka, India – 560041
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Associated Brands with Maarq Spaces Private Limited
Maarq Spaces operates one associated brand: Maarq. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate development is focused on residential and community projects in Bangalore. | maarqspaces.com |
Business Activity of Maarq Spaces Private Limited
The main business activity of Maarq Spaces is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Maarq Spaces Private Limited FY 2024 filings available
Maarq Spaces Private Limited reported revenue of ₹17.98 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Maarq Spaces Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 57% over five years, including 16% growth 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 of Maarq Spaces Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹8.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.83 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Maarq Spaces Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -49% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -49.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Maarq Spaces are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Maarq Spaces Private Limited
Maarq Spaces has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balakrishna Kudigram Also directs: Maarq Spaces & Properties LLP, Maarq Konig LLP | Director | 05 Aug 2016 | 10 Years 2 Months | Current |
| Sunil Jain | Director | 10 Sep 2015 | 11 Years 1 Months | Current |
Peer Comparison of Maarq Spaces Private Limited
Maarq Spaces Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shriram Properties and Constructions (Chennai) Limited | ₹18 Cr (FY 2024) | •••• | •••• | 1993255.0% | •••• | Chennai, Tamil Nadu, India |
| Alliancesky Infratech Private Limited | ₹18 Cr (FY 2025) | •••• | •••• | •••• | Jamnagar, Gujarat, India | |
| Subhash Properties Pvt Ltd | ₹17.99 Cr (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Begonia Ventures Private Limited | ₹17.99 Cr (FY 2023) | •••• | •••• | 4391.0% | •••• | Mumbai, Maharashtra, India |
| A. S. K Lands Projects Private Limited | ₹17.98 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Maarq Spaces Private Limited this company | ₹17.98 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
| Olive Builders and Developers Private Limited | ₹17.98 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Joyalukkas Lifestyle Developers Private Limited | ₹17.95 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Vazhakkala, Kerala, India |
| Asb Energy Systems and Construction Private Limited | ₹17.95 Cr (FY 2024) | •••• | •••• | 77.0% | •••• | Bhubaneswar, Odisha, India |
| Russel Foundations Private Limited | ₹17.94 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| Riu Homes Private Limited | ₹17.94 Cr (FY 2025) | •••• | •••• | 722.0% | •••• | Panvel, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Maarq Spaces by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Maarq Spaces Private Limited
Maarq Spaces Private Limited is audited by DGSS & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DGSS & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Maarq Spaces Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Maarq Spaces Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Oct 2018 | Kallappanna Awade Ichalkaranji Janta Sahakari Bank Limited | ₹12.72 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Maarq Spaces Private Limited
Maarq Spaces Private Limited has 8 court cases on record: 1 filed by Maarq Spaces, 2 filed against it, 5 where it is another party. 3 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 3 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, CHIKKABALLAPUR, Karnataka | Civil suit | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Court case (CCC) | Company is another party | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Maarq Spaces Private Limited
Maarq Spaces Private Limited has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lemma Technologies (I) Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Maarq Spaces Private Limited
Maarq Spaces Private Limited has a workforce of 12 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Maarq Spaces Private Limited
Maarq Spaces Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Balakrishna Kudigram was appointed as Director on 05 Aug 2016.
Credit Ratings, Litigation & Regulatory Alerts for Maarq Spaces Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Maarq Spaces Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Maarq Spaces Private Limited
Maarq Spaces has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC1998Q1ZO | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Maarq Spaces Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Maarq Spaces Private Limited
Maarq Spaces is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 10 September 2015 (11+ years old) and is registered under CIN U74900KA2015PTC082803.
Maarq Spaces reported revenue of ₹17.98 Cr for FY 2024 (up 16% YoY).
Maarq Spaces has 2 current directors:
- Balakrishna Kudigram - Director
- Sunil Jain - Director
Maarq Spaces reported a net loss of ₹8.83 Cr (net margin -49.1%) and EBITDA of -₹8.8 Cr (EBITDA margin -49%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maarq Spaces is 57% over three years and 57% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Maarq Spaces is 29AAGCC1998Q1ZO, 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 Maarq Spaces is U74900KA2015PTC082803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maarq Spaces has 8 court cases on record: 1 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Maarq Spaces was incorporated on 10 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Maarq Spaces by revenue are Shriram Properties and Constructions (Chennai) Limited, Alliancesky Infratech Private Limited, Subhash Properties Pvt Ltd, Begonia Ventures Private Limited, A. S. K Lands Projects Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Balakrishna Kudigram was appointed as Director on 05 Aug 2016. Abhishek Gupta ceased to be Director on 25 Jul 2016. Abhishek Gupta was appointed as Director on 10 Sep 2015. Maarq Spaces has 4 board changes on record in total.
Maarq Spaces has 1 MSME Form 1 return on record for the period ending Jan 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.