About Matha Developers Private Limited
Data last updated:
Matha Developers Private Limited is a private limited company based in Mangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 November 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45205KA2011PTC061006. Its GSTIN is 29AAHCM6880C1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Reeta Shetty and Santhosh Kumar Shetty.
Its last annual general meeting (AGM) was held on 05 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thara Towers 2nd Floor Mrpl Road Surathkal, Mangalore, Karnataka, India – 575014.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.66 Cr, a decline of 54% compared to the previous year. For the same year it recorded a net profit of ₹5.45 Lakh (net margin 0.6%) and EBITDA of ₹33.78 Lakh (EBITDA margin 3.9%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 15% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.53 Cr and satisfied charges of ₹30 Cr on record. Court records list 6 cases involving the company, including 5 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 mathadevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressThara Towers 2nd Floor Mrpl Road Surathkal, Mangalore, Karnataka, India – 575014
- 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
Business Activity of Matha Developers Private Limited
The main business activity of Matha Developers 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 Matha Developers Private Limited FY 2025 filings available
Matha Developers Private Limited reported revenue of ₹8.66 Cr (down 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Matha Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 54% fall in the latest year. EBITDA rose 346% 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 Matha Developers 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 | ₹33.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹5.45 Lakh | •••• | •••• | •••• | •••• |
| 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 Matha Developers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Matha Developers are in the company report.
Financial statements from 2015
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.
Peer Comparison of Matha Developers Private Limited
Matha Developers 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 |
|---|---|---|---|---|---|---|
| GGH Hitech Realtors Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 708925.0% | •••• | Amritsar, Punjab, India |
| C.M. Builds Private Limited | ₹8.66 Cr (FY 2021) | •••• | •••• | 3717.0% | •••• | Pudupet, Madras-600 002, Tamil Nadu, India |
| Blue Nile Developers Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Modest Infra Limited | ₹8.66 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Mumbai, Maharashtra, India |
| Timberland Properties Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Matha Developers Private Limited this company | ₹8.66 Cr (FY 2024) | •••• | •••• | -54.0% | •••• | Mangalore, Karnataka, India |
| Vardhman Villas Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 69.0% | •••• | Raipur, Chhattisgarh, India |
| GS Bhatia Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Gurugram, Haryana, India |
| Leverage Realtors Private Limited | ₹8.66 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Nagpur, Maharashtra, India |
| Yola Stays Limited | ₹8.65 Cr (FY 2025) | •••• | •••• | -61.0% | •••• | Nagpur, Maharashtra, India |
| Creative Heights Private Limited | ₹8.65 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Matha Developers 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 Matha Developers Private Limited
Matha Developers Private Limited is audited by M JAGANNATH KAMATH & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M JAGANNATH KAMATH & CO | 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.
Board of Directors of Matha Developers Private Limited
Matha Developers has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reeta Shetty | Director | 01 Nov 2011 | 14 Years 11 Months | Current |
| Santhosh Kumar Shetty | Director | 01 Nov 2011 | 14 Years 11 Months | Current |
Ownership and Shareholding of Matha Developers 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 Matha Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jun 2024 | Others | ₹3.6 Cr | Open |
| 25 Mar 2024 | Others | ₹18 Lakh | Open |
| 21 Apr 2023 | Others | ₹50 Lakh | Open |
| 22 Apr 2019 | Others | ₹3 Cr | Open |
| 31 Mar 2018 | Others | ₹5 Cr | Open |
Total charge records: 8 View all charges
Legal Cases of Matha Developers Private Limited
Matha Developers Private Limited has 6 court cases on record: 5 filed against it, 1 where it is another party. 2 cases are pending and 4 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed against the company by Shriram Finance Limited | Pending |
| District court, DAKSHINA KANNADA, Karnataka | Criminal complaint | Filed against the company by Shriram Finance Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| High Court of Karnataka | Appeal | Company is another party | Disposed |
Full case history
All 6 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.
Employees and EPFO Compliance at Matha Developers Private Limited
Matha Developers Private Limited has a workforce of 6 employees as of Apr 05, 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 Matha Developers Private Limited
Matha Developers Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Reeta Shetty was appointed as Director on 01 Nov 2011.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Matha Developers 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.
MSME Payment Delays by Matha Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Matha Developers 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 Matha Developers Private Limited
Matha Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCM6880C1Z7 | 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 Matha Developers 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 Matha Developers Private Limited
Matha Developers is an active private limited company based in Mangalore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 01 November 2011 (15+ years old) and is registered under CIN U45205KA2011PTC061006.
Matha Developers reported revenue of ₹8.66 Cr for FY 2024 (down 54% YoY).
Matha Developers has 2 current directors:
- Reeta Shetty - Director
- Santhosh Kumar Shetty - Director
Matha Developers reported a net profit of ₹5.45 Lakh (net margin 0.6%) and EBITDA of ₹33.78 Lakh (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Matha Developers is -21% over three years and -15% over five years. In the latest year (FY 2024) revenue fell 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Matha Developers is 29AAHCM6880C1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Matha Developers is U45205KA2011PTC061006. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Matha Developers has 6 court cases on record: 5 filed against it. 2 are pending. Most are in the district courts.
Matha Developers was incorporated on 01 November 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Matha Developers by revenue are GGH Hitech Realtors Private Limited, C.M. Builds Private Limited, Blue Nile Developers Private Limited, Modest Infra Limited, Timberland Properties Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Reeta Shetty was appointed as Director on 01 Nov 2011. Santhosh Kumar Shetty was appointed as Director on 01 Nov 2011.