India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#296- Valuation
- ₹18,680 Cr
2023 #230 2022 #227 2021 #149
Revenue · FY 2024
₹1,799.38 Cr
▲ 14% YoY
Net profit · FY 2024
₹807.61 Cr
Net margin 44.9%
EBITDA · FY 2024
₹1,394.97 Cr
EBITDA margin 77.5%
Authorised capital
₹51.55 Cr
Registered with MCA
Paid-up capital
₹5.54 Cr
Issued & subscribed
Open charges
₹4,851.54 Cr
Satisfied ₹9,165.27 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
221
Provident fund records
About Bagmane Developers Private Limited
Data last updated:
Bagmane 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 03 January 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA1996PTC019532. Its GSTIN is 29AACCB1178M1ZD (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹51.55 Cr and a paid-up capital of ₹5.54 Cr. It is led by directors including Raja Bagmane (Managing Director) and Dandiganahalli Venkataramanappa Ramakrishna.
Its last annual general meeting (AGM) was held on 28 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5 Thfloor Bblock Bagmanetechpark, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,799.38 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹807.61 Cr (net margin 44.9%) and EBITDA of ₹1,394.97 Cr (EBITDA margin 77.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 8% over five years.
The company has about 221 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Bagmane Group. As per MCA filings, the company has open charges of ₹4,851.54 Cr and satisfied charges of ₹9,165.27 Cr on record. Court records list 172 cases involving the company, including 76 filed by the company and 97 filed against it; 35 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹21.9 Lakh; the latest was in November 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bagmanegroup.com.
Company details
CIN U70102KA1996PTC019532
Registration Number 019532
Incorporation Date 03 January 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 October 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Raja Bagmane Managing Director Dandiganahalli Venkataramanappa Ramakrishna Director Asheesh Mohta Director Recognitions & Rankings of Bagmane Developers
Contact details
Bagmane Developers Private Limited's registered office is in Bangalore, Karnataka. Its website is bagmanegroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address5 Thfloor Bblock Bagmanetechpark 65/2 Laurelbuilding Byrasandra C.Vraman, Nagar, Bangalore, Karnataka, India – 560093
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Bagmane Developers Private Limited, buy the company report.
Comprehensive company report
Bagmane Developers Private Limited - one report that includes everything
- 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
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Brands
Bagmane Developers operates one associated brand: Bagmane Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops IT parks, business spaces, and managed workspaces in Bengaluru and other cities. | bagmanegroup.com |
Business activity
The main business activity of Bagmane 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 Bagmane Developers Private Limited, buy the company report.
Financials of Bagmane Developers Private Limited
FY 2024 filings availableBagmane Developers Private Limited reported revenue of ₹1,799.38 Cr (up 14% YoY) for FY 2024.
Revenue · FY 2024
₹1,799.38 Cr ▲ 14%
Net profit · FY 2024
₹807.61 Cr margin 44.9%
EBITDA · FY 2024
₹1,394.97 Cr margin 77.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 1%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 4%
5 years · compounded
▲ 10%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 14% growth in the latest year. EBITDA rose 10% 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 | ₹1,394.97 Cr | ||||
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| Net Profit (PAT) | ₹807.61 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 77.5% | ||||
| Net Profit Margin | 44.9% | ||||
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To see the full financial statements and ratios of Bagmane Developers Private Limited, buy the company report.
Board of directors of Bagmane Developers Private Limited
Bagmane Developers has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raja Bagmane Also directs: Bagmane Realty and Infrastructure LLP, Bagmane Managed Offices LLP, Bagmane Green Power LLP and 5 more | Managing Director | 03 Jan 1996 | 30 Years 9 Months | Current |
| Dandiganahalli Venkataramanappa Ramakrishna Also directs: Bagmane Pharmaceuticals Private Limited, Bagmane Constructions Private Limited, Bagmane Clean Energy Private Limited and 5 more | Director | 15 Feb 2010 | 16 Years 8 Months | Current |
| Asheesh Mohta Also directs: Kolte-Patil Developers Limited, Ventive Hospitality Limited, Horizon Industrial Parks Limited and 5 more | Director | 31 Dec 2024 | 1 Years 9 Months | Current |
| Dansale Ramegowda Pradeepa Also directs: Bagmane Green Power LLP, Bagmane Pharmaceuticals Private Limited, Bagmane Constructions Private Limited and 5 more | Director | 31 Dec 2024 | 1 Years 9 Months | Current |
Auditor
Bagmane Developers Private Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Bagmane Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bagmane Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4,851.54 Cr
Satisfied charges
₹9,165.27 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2024 | 101017100 | Hdfc Bank Limited | ₹450 Cr | Open | |
| 29 Dec 2023 | 100846542 | Others | ₹450 Cr | Open | |
| 10 Aug 2023 | 100766612 | Canara Bank | ₹550 Cr | Open | |
| 09 Aug 2023 | 100758084 | Others | ₹245 Cr | Open | |
| 23 Sep 2022 | 100627597 | Others | ₹151 Cr | Open |
To see the full charge records of Bagmane Developers Private Limited, buy the company report.
Total charge records: 75 View all charges
Deals & funding
Bagmane Developers Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹21.9 Lakh; the latest was in November 2024.
Total deals
5
Secondary share transfers
4
Funding round
1
Disclosed funding
₹21.9 Lakh
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2024 | Funding round | ₹21.9 Lakh | Investors: Akruthi Infra-Build Developers Private Limited , Bagmane Realty and Infrastructure LLP |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Bagmane Realty and Infrastructure LLP , 2 individuals Seller: Bagmane Realtors Private Limited , Bagmane Realters Private Limited & Raja Bagmane, Bagmane Realters Private Limited & Nagamani Raja |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Bagmane Realtors Private Limited Seller: an individual |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Bagmane Realtors Private Limited Seller: an individual |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: Bagmane Realtors Private Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Bagmane Developers Private Limited has 172 court cases on record: 76 filed by Bagmane Developers, 97 filed against it. 35 cases are pending and 137 are disposed.
Total cases
172
Filed by the company
76
Filed against the company
97
Pending
35
Disposed
137
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 113 | 54 | 20 |
| District courts | 52 | 39 | 15 |
| Supreme Court | 5 | 4 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 172)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Bagmane Properties Pvt Ltd., and 1 other | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Future Sector Land Developers LLP Through Its Designated Partner Ashok Dhanraj Chordia Solitare World, Level 8, Survey No. 36/11, Baner ,Pune , Maharashtra | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Future Sector Land Developers LLP THR. Its Mr. Ashok Dhanraj Chordia and 1 other | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by Schneider Electric Private Limited | Disposed |
| High Court, KARNATAKA | Interim or miscellaneous application | Filed by the company against Schneidr Electric Private Limited | Disposed |
To see the full case history of Bagmane 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
Bagmane Developers Private Limited was last rated by Icra on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Bagmane Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bagmane Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bagmane Developers has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bagmane Green Power LLP | AAL-2880 | |
| Bagmane Texworth Private Limited | U70100KA2022PTC167493 |
To see the full group structure of Bagmane Developers Private Limited, buy the company report.
Employees & EPFO
Bagmane Developers Private Limited has a workforce of 221 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
221
Active EPFO establishments
1
Employee growth
13.92%
GST
Bagmane Developers has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCB1178M1ZD | Karnataka | Active | 01 Jul 2017 |
| 29AACCB1178M2ZC | Karnataka | Active | 01 Jul 2017 |
| 27AACCB1178M1ZH | Maharashtra | Active | 06 May 2020 |
To see the full GST registrations and return filing status of Bagmane Developers Private Limited, buy the company report.
Recent activity
Bagmane Developers Private Limited has 6 board changes on record since 1996: 5 appointments and 1 cessation. The latest: Asheesh Mohta was appointed as Director on 31 Dec 2024.
Charges
A charge registered on 10 Jun 2020 via Charge ID 100339744 with Others was fully satisfied on 30 Jun 2025.
Charges
A charge registered on 23 Sep 2015 via Charge ID 10596712 with Others was fully satisfied on 30 Jun 2025.
Charges
A charge with Others of Rs. 150.00 Cr registered on 19 Jan 2015 with Charge ID 10550989 was modified on 30 Jun 2025.
Charges
A charge registered on 22 Sep 2021 via Charge ID 100486990 with State Bank Of India was fully satisfied on 26 Jun 2025.
Charges
A charge registered on 19 Mar 2021 via Charge ID 100435127 with State Bank Of India was fully satisfied on 26 Jun 2025.
Charges
A charge registered on 27 Sep 2017 via Charge ID 100128970 with State Bank Of India was fully satisfied on 26 Jun 2025.
Charges
A charge registered on 30 Mar 2017 via Charge ID 100093024 with State Bank Of India was fully satisfied on 23 Apr 2025.
Charges
A charge registered on 30 Jan 2024 via Charge ID 100870544 with Others was fully satisfied on 12 Mar 2025.
Charges
A charge with Indian Overseas Bank of Rs. 350.00 Cr registered on 19 Dec 2017 with Charge ID 100147644 was modified on 11 Mar 2025.
Charges
A charge registered on 24 Mar 2017 via Charge ID 100091691 with State Bank Of India was fully satisfied on 05 Mar 2025.
Charges
A charge with Others of Rs. 250.00 Cr registered on 23 Sep 2015 with Charge ID 10596712 was modified on 06 Feb 2025.
Appointed
Asheesh Mohta was appointed as Director.
158 earlier events are in the company report.
News
Frequently asked questions
Bagmane 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 03 January 1996 (30+ years old) and is registered under CIN U70102KA1996PTC019532.
Bagmane Developers has 4 current directors:
- Raja Bagmane - Managing Director
- Dandiganahalli Venkataramanappa Ramakrishna - Director
- Asheesh Mohta - Director
- Dansale Ramegowda Pradeepa - Director
The latest financial statements of Bagmane Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 October 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bagmane Developers is 29AACCB1178M1ZD, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AACCB1178M2ZC (Karnataka), 27AACCB1178M1ZH (Maharashtra).
The CIN (Corporate Identification Number) of Bagmane Developers is U70102KA1996PTC019532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bagmane Developers has 172 court cases on record: 76 filed by the company and 97 filed against it. 35 are pending. Most are in the high courts.
Bagmane Developers was incorporated on 03 January 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Bagmane Developers has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹21.9 Lakh; the latest was in November 2024.
Asheesh Mohta was appointed as Director on 31 Dec 2024. Dansale Ramegowda Pradeepa was appointed as Director on 31 Dec 2024. Nagamani Raja ceased to be Director on 28 Mar 2013. Bagmane Developers has 6 board changes on record in total.
Bagmane Developers can be reached through the website bagmanegroup.com. Its registered office is in Bangalore, Karnataka, India.