About Maxworth Realty India Limited
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Maxworth Realty India Limited is a public 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 04 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2008PLC045928. Its GSTIN is 29AAFCM4908F2ZD (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 ₹2 Cr. It is led by directors including Kesava Kolar (Managing Director) and Keshav Hemalatha.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.22/1 Railway Parallel Road Nehru Nagar Opp To Reddy Petrol Bunk, Bangalore, Karnataka, India – 560020.
As per the financials filed for FY 2019, the company reported a revenue of ₹5.63 Cr, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹3.32 Cr (net margin -59%) and EBITDA of -₹2.29 Cr (EBITDA margin -40.6%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 37% over five years.
The company is associated with 1 brand: Maxworth Realty. As per MCA filings, the company has open charges of ₹19.55 Cr and satisfied charges of ₹10.26 Cr on record. Court records list 373 cases involving the company, including 135 filed by the company and 238 filed against it; 67 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 maxworthrealty.com.
Company details
Contact details
Maxworth Realty India Limited's registered office is in Bangalore, Karnataka. Its website is maxworthrealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.22/1 Railway Parallel Road Nehru Nagar Opp To Reddy Petrol Bunk, Bangalore, Karnataka, India – 560020
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Maxworth 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
Brands
Maxworth Realty India operates one associated brand: Maxworth Realty. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial properties are developed in India. | maxworthrealty.com |
Business activity
The main business activity of Maxworth Realty India is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Maxworth Realty India Limited, buy the company report.
Financials of Maxworth Realty India Limited
FY 2019 filings availableMaxworth Realty India Limited reported revenue of ₹5.63 Cr (down 69% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 69% fall in the latest year. EBITDA rose 51% 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 | ₹5.63 Cr | ||||
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| EBITDA | -₹2.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.32 Cr | ||||
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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 | -40.6% | ||||
| Net Profit Margin | -59% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Maxworth Realty India Limited, buy the company report.
Board of directors of Maxworth Realty India Limited
Maxworth Realty India has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Keshav Hemalatha Also directs: Maxworth Realty Ventures Private Limited | Director | 12 May 2009 | 17 Years 5 Months | Current |
| Kesava Kolar Also directs: Maxworth Realty Ventures Private Limited | Managing Director | 04 Apr 2008 | 18 Years 6 Months | Current |
| Sagar Gangaraju Husseramane | Director | 01 Jul 2009 | 17 Years 3 Months | Current |
Peer comparison
Maxworth Realty India Limited is compared with the 4 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yogvinda Promoters and Developers Private Limited | ₹5.64 Cr (FY 2023) | -16.0% | Pune, Maharashtra, India | |||
| Aravions Builder & Promoters Private Limited | ₹5.64 Cr (FY 2023) | 219.0% | Delhi, India | |||
| Maxworth Realty India Limitedthis company | ₹5.63 Cr (FY 2019) | -₹3.32 Cr | -59% | -69.0% | Bangalore, Karnataka, India | |
| Shilpi Realities Private Limited | ₹5.63 Cr (FY 2025) | -48.0% | Bhopal, Madhya Pradesh, India | |||
| Shri Viratra Infratech Private Limited | ₹5.63 Cr (FY 2025) | 35.0% | Jodhpur, Rajasthan, India |
To see the full peer comparison of Maxworth Realty India Limited, buy the company report.
Shareholding
The shareholding of Maxworth Realty India Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Maxworth Realty India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2014 | 10511912 | Religare Finvest Limited | ₹10.05 Cr | Open | |
| 29 Jul 2013 | 10444075 | Canara Bank | ₹49.75 Lakh | Open | |
| 21 Dec 2012 | 10395847 | Karnataka State Financial Corporation | ₹3.8 Cr | Open | |
| 23 Jul 2012 | 10366370 | Karnataka State Financial Corporation | ₹4.9 Cr | Open | |
| 01 May 2012 | 10360930 | Srei Equipment Finance Private Limited | ₹30.4 Lakh | Open |
To see the full charge records of Maxworth Realty India Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Maxworth Realty India Limited has 373 court cases on record: 135 filed by Maxworth Realty India, 238 filed against it. 67 cases are pending and 306 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 282 | 211 | 47 |
| High courts | 81 | 25 | 19 |
| Supreme Court | 9 | 1 | 1 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 373)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against JT. Registrar of Coop Societies and 2 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against JT. Registrar of Coop Societies and 2 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against JT Registrar of Coop Societies and 2 others | Disposed |
| Supreme Court | Court case (4805-Others : Matters not falling under any other category.) | Filed by the company against JT. Registrar of Coop Societies and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Mahesh Hardware and Pipes Private Limited | Pending |
To see the full case history of Maxworth 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 Maxworth Realty India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maxworth Realty India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM4908F2ZD | Karnataka | Active | 01 Jul 2019 |
To see the full GST registrations and return filing status of Maxworth Realty India Limited, buy the company report.
Recent activity
Maxworth Realty India Limited has 8 board changes on record since 2008: 3 appointments and 5 cessations. The latest: Venkatesh Edagotti ceased to be Director on 10 Jul 2009.
12 earlier events are in the company report.
Frequently asked questions
Maxworth Realty India is an active public 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 04 April 2008 (18+ years old) and is registered under CIN U45201KA2008PLC045928.
Maxworth Realty India has 3 current directors:
- Kesava Kolar - Managing Director
- Keshav Hemalatha - Director
- Sagar Gangaraju Husseramane - Director
The latest financial statements of Maxworth Realty India on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Maxworth Realty India is 29AAFCM4908F2ZD, 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 Maxworth Realty India is U45201KA2008PLC045928. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maxworth Realty India has 373 court cases on record: 135 filed by the company and 238 filed against it. 67 are pending. Most are in the district courts.
Maxworth Realty India was incorporated on 04 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Maxworth Realty India by revenue are Yogvinda Promoters and Developers Private Limited, Aravions Builder & Promoters Private Limited, Shilpi Realities Private Limited, Shri Viratra Infratech Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Venkatesh Edagotti ceased to be Director on 10 Jul 2009. Sagar Gangaraju Husseramane was appointed as Director on 01 Jul 2009. Ambarish Devasandra Muniyappa ceased to be Director on 20 May 2009. Maxworth Realty India has 8 board changes on record in total.
Maxworth Realty India can be reached through the website maxworthrealty.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Maxworth Realty India is at No.221 Railway Parallel Road Nehru Nagar Opp To Reddy Petrol Bunk, Bangalore, Karnataka, India – 560020.