Maars Infra Developers Private Limited
About Maars Infra Developers Private Limited
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Maars Infra Developers 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 11 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2010PTC052472. Its GSTIN is 29AAGCM3849L1ZU (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Selvi Venkatsubramani and Venkat Subramani Muthukali.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.3 12th Cross 6th Main Malleshwaram, Bangalore, Karnataka, India – 560003.
As per the financials filed for FY 2024, the company reported a revenue of ₹353.03 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹56.23 Cr (net margin 15.9%) and EBITDA of ₹61.9 Cr (EBITDA margin 17.5%). Revenue has grown at a compounded annual rate (CAGR) of 374% over three years and 232% over five years.
As per MCA filings, the company has open charges of ₹17.2 Cr and satisfied charges of ₹132.5 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Maars Infra Developers Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.3 12th Cross 6th Main Malleshwaram, Bangalore, Karnataka, India – 560003
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Maars Infra Developers Private 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 Maars Infra Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Maars Infra Developers Private Limited, buy the company report.
Financials of Maars Infra Developers Private Limited
FY 2024 filings availableMaars Infra Developers Private Limited reported revenue of ₹353.03 Cr (up 162588% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 232% over five years. EBITDA rose 928% 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 | ₹61.9 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹56.23 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 | 17.5% | ||||
| Net Profit Margin | 15.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maars Infra Developers Private Limited, buy the company report.
Board of directors of Maars Infra Developers Private Limited
Maars Infra Developers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Selvi Venkatsubramani Also directs: Maars Housing Ventures LLP, Blue Crystal Chemicals Private Limited, Gardencity Infrastructures Private Limited and 2 more | Director | 11 Feb 2010 | 16 Years 8 Months | Current |
| Venkat Subramani Muthukali Also directs: Maars Housing Ventures LLP, KSM Econova LLP, Blue Crystal Chemicals Private Limited and 5 more | Director | 11 Feb 2010 | 16 Years 8 Months | Current |
Peer comparison
Maars Infra Developers Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharti Realty Limited. | ₹359.21 Cr (FY 2025) | 116.0% | Gurgaon, Haryana, India | |||
| Godrej Buildcon Private Limited | ₹353.97 Cr (FY 2017) | -75.0% | Mumbai, Maharashtra, India | |||
| Maars Infra Developers Private Limitedthis company | ₹353.03 Cr (FY 2024) | ₹56.23 Cr | 15.9% | 162588.0% | Bangalore, Karnataka, India | |
| Wave Infratech Private Limited. | ₹352.12 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| True Value Homes (India) Private Limited | ₹346.2 Cr (FY 2025) | -15.0% | Chennai, Tamil Nadu, India | |||
| Panchshil Realty and Developers Private Limited | ₹346.2 Cr (FY 2024) | 62.0% | Pune, Maharashtra, India |
To see the full peer comparison of Maars Infra Developers Private Limited, buy the company report.
Auditor
Maars Infra Developers Private Limited is audited by Narayanan, Patil and Ramesh for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Narayanan, Patil and Ramesh | FY 2023 | 002395S |
Shareholding
The shareholding of Maars Infra Developers Private 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 Maars Infra Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101080672 | Others | ₹1.3 Cr | Open | |
| 13 Sep 2023 | 100813224 | Others | ₹90 Lakh | Open | |
| 30 Aug 2022 | 100614778 | Others | ₹15 Cr | Open | |
| 04 Mar 2020 | 100331431 | Others | ₹80 Cr | Satisfied | |
| 14 Nov 2018 | 100230936 | Others | ₹52.5 Cr | Satisfied |
To see the full charge records of Maars Infra Developers Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Maars Infra Developers Private Limited has 6 court cases on record: 4 filed by Maars Infra Developers, 2 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 4 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against individuals | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against individuals | Pending |
| High Court | Writ petition | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
| High Court, KARNATAKA | Writ petition | Filed by the company against State of Karnataka and 2 others | Disposed |
To see the full case history of Maars Infra Developers Private 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.
Credit ratings & regulatory alerts
Maars Infra Developers Private Limited was last rated by Icra on 27 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Apr 2020 |
To see the full credit ratings and regulatory alerts of Maars Infra Developers Private Limited, buy the company report.
MSME payment delays
Maars Infra Developers Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 97 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Shree Venkateswara Infrastructures | |||
| Chaitra Enterprises | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Maars Infra Developers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Maars Infra Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCM3849L1ZU | Karnataka | Active | 19 Jan 2018 |
To see the full GST registrations and return filing status of Maars Infra Developers Private Limited, buy the company report.
Recent activity
Maars Infra Developers Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Selvi Venkatsubramani was appointed as Director on 11 Feb 2010.
2 earlier events are in the company report.
Frequently asked questions
Maars Infra Developers 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 11 February 2010 (16+ years old) and is registered under CIN U70102KA2010PTC052472.
Maars Infra Developers has 2 current directors:
- Selvi Venkatsubramani - Director
- Venkat Subramani Muthukali - Director
The latest financial statements of Maars Infra Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Maars Infra Developers is 29AAGCM3849L1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Maars Infra Developers is U70102KA2010PTC052472. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maars Infra Developers has 6 court cases on record: 4 filed by the company and 2 filed against it. 4 are pending.
Maars Infra Developers was incorporated on 11 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Maars Infra Developers by revenue are Bharti Realty Limited, Godrej Buildcon Private Limited, Wave Infratech Private Limited, True Value Homes (India) Private Limited, Panchshil Realty and Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Selvi Venkatsubramani was appointed as Director on 11 Feb 2010. Venkat Subramani Muthukali was appointed as Director on 11 Feb 2010.
Maars Infra Developers has 14 MSME Form 1 returns on record between 2019 and 2024, listing 97 overdue payments to 23 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Maars Infra Developers is at No.3 12th Cross 6th Main Malleshwaram, Bangalore, Karnataka, India – 560003.
Maars Infra Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
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