About Best Golden Developers Private Limited
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Best Golden Developers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Golden Gate Properties Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2011PTC061674. Its GSTIN is 29AAECB8050A2ZY (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9 Cr. It is led by directors Rajesh Mutta and Sanjay Raj.
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.8 Tumkur Road NH.4 Yeshwanthpur, Bangalore, Karnataka, India – 560022.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.51 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹9.88 Cr (net margin -20.4%) and EBITDA of -₹9.17 Cr (EBITDA margin -18.9%). Revenue has declined at a compounded annual rate (CAGR) of 76% over three years and 13% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹256.81 Cr and satisfied charges of ₹54.75 Cr on record. Court records list 90 cases involving the company, including 11 filed by the company and 79 filed against it; 15 cases are pending. The company has 1 deal on record (1 debt financing), with disclosed funding of ₹21 Cr; the latest was in March 2012.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ggproperties.com.
Company details
Contact details
Best Golden Developers Private Limited's registered office is in Bangalore, Karnataka. Its website is ggproperties.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.8 Tumkur Road NH.4 Yeshwanthpur, Bangalore, Karnataka, India – 560022
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Best Golden 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 Best Golden 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 Best Golden Developers Private Limited, buy the company report.
Financials of Best Golden Developers Private Limited
FY 2024 filings availableBest Golden Developers Private Limited reported revenue of ₹48.51 Cr (down 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 37% fall in the latest year. EBITDA fell 288% 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 | -₹9.17 Cr | ||||
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| Net Profit (PAT) | -₹9.88 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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| EBITDA Margin | -18.9% | ||||
| Net Profit Margin | -20.4% | ||||
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To see the full financial statements and ratios of Best Golden Developers Private Limited, buy the company report.
Board of directors of Best Golden Developers Private Limited
Best Golden Developers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Raj | Nominee Director | 21 Oct 2013 | 13 Years 0 Months | Current |
| Rajesh Mutta | Director | 30 Jan 2020 | 6 Years 8 Months | Current |
Auditor
Best Golden Developers Private Limited is audited by GOVINDRAJ & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOVINDRAJ & ASSOCIATES | FY 2023 | 021040S |
Shareholding
The shareholding of Best Golden 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 | |||||
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| Others |
To see the full shareholding pattern of Best Golden Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2015 | 10594257 | Jm Financial Asset Reconstruction Company Private Limited | ₹50 Cr | Open | |
| 15 Dec 2011 | 10327914 | Jm Financial Asset Reconstruction Company Private Limited | ₹50 Cr | Open | |
| 15 Dec 2011 | 10332489 | Jm Financial Asset Reconstruction Company Private Limited | ₹87.95 Cr | Open | |
| 15 Dec 2011 | 10332496 | Jm Financial Asset Reconstruction Company Private Limited | ₹68.86 Cr | Open | |
| 03 May 2013 | 10431839 | Jm Financial Asset Reconstruction Company Private Limited | ₹21 Cr | Satisfied |
To see the full charge records of Best Golden Developers Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Best Golden Developers Private Limited has 1 deal on record (1 debt financing), with disclosed funding of ₹21 Cr; the latest was in March 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Debt financing | ₹21 Cr | Investors: JM Financial Products Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Best Golden Developers Private Limited has 90 court cases on record: 11 filed by Best Golden Developers, 79 filed against it. 15 cases are pending and 75 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 80 | 74 | 10 |
| High courts | 9 | 4 | 5 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 90)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against M/S. Golden Gate Properties Limited, and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by JM Financial Asset Reconstruction Company Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Anushka Constructions Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Anushka Constructions Private Limited Rep by Avnash Amarlal | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Micro Infrastructure India Pvt Ltd., | Disposed |
To see the full case history of Best Golden 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Best Golden Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Best Golden Developers Private Limited has a workforce of 69 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Best Golden Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECB8050A2ZY | Karnataka | Active | 27 Jul 2017 |
To see the full GST registrations and return filing status of Best Golden Developers Private Limited, buy the company report.
Recent activity
Best Golden Developers Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Prasad Rao Pasam ceased to be Additional Director on 25 Nov 2023.
14 earlier events are in the company report.
Frequently asked questions
Best Golden 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 15 December 2011 (15+ years old) and is registered under CIN U70100KA2011PTC061674.
Best Golden Developers has 2 current directors:
- Sanjay Raj - Nominee Director
- Rajesh Mutta - Director
The latest financial statements of Best Golden 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 Best Golden Developers is 29AAECB8050A2ZY, 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 Best Golden Developers is U70100KA2011PTC061674. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Best Golden Developers has 90 court cases on record: 11 filed by the company and 79 filed against it. 15 are pending. Most are in the district courts.
Best Golden Developers was incorporated on 15 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Best Golden Developers has 1 deal on record (1 debt financing), with disclosed funding of ₹21 Cr; the latest was in March 2012.
Prasad Rao Pasam ceased to be Additional Director on 25 Nov 2023. Rajesh Mutta ceased to be Additional Director on 31 Dec 2020. Rajesh Mutta was appointed as Director on 30 Jan 2020. Best Golden Developers has 9 board changes on record in total.
Best Golden Developers can be reached through the website ggproperties.com. Its registered office is in Bangalore, Karnataka, India.