About Karnataka Rural Infrastructure Development Limited
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Karnataka Rural Infrastructure Development Limited is a private limited state government company based in Bangalore, Karnataka, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 08 August 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U75112KA1974SGC002613. Its GSTIN is 29AAACK5676RE23 (Karnataka). The company holds 100 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.7 Cr. It was formerly known as Karnataka Land Army Corporation Limited. It is led by directors including Malenalli Bettaswamaiah Rajesh Gowda (Managing Director) and Purushotham Singh Hari Baboo.
Its last annual general meeting (AGM) was held on 30 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 4th & 5th Floor Grameenabhivruddhi Bhavan Ananda Rao Circle, Bangalore, Karnataka, India – 560009.
As per the financials filed for FY 2024, the company reported a revenue of ₹2,450.82 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹197.89 Cr (net margin 8.1%) and EBITDA of ₹279.67 Cr (EBITDA margin 11.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 7% over five years.
Court records list 320 cases involving the company, including 41 filed by the company and 280 filed against it; 68 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website kridl.org.
Company details
CIN history
Karnataka Rural Infrastructure Development has one previous CIN (Corporate Identification Number): U75112KA1974PLC002613. The current CIN is U75112KA1974SGC002613, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U75112KA1974SGC002613 | Current |
| U75112KA1974PLC002613 | Previous |
Contact details
Karnataka Rural Infrastructure Development Limited's registered office is in Bangalore, Karnataka. Its website is kridl.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th & 5th Floor Grameenabhivruddhi Bhavan Ananda Rao Circle, Bangalore, Karnataka, India – 560009
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Karnataka Rural Infrastructure Development 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 Karnataka Rural Infrastructure Development is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies |
To see the full business activity and turnover split of Karnataka Rural Infrastructure Development Limited, buy the company report.
Financials of Karnataka Rural Infrastructure Development Limited
FY 2024 filings availableKarnataka Rural Infrastructure Development Limited reported revenue of ₹2,450.82 Cr (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 29% fall in the latest year. EBITDA fell 20% 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 | ₹279.67 Cr | ||||
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| Net Profit (PAT) | ₹197.89 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 | 11.4% | ||||
| Net Profit Margin | 8.1% | ||||
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To see the full financial statements and ratios of Karnataka Rural Infrastructure Development Limited, buy the company report.
Board of directors of Karnataka Rural Infrastructure Development Limited
Karnataka Rural Infrastructure Development has 3 current directors and 69 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purushotham Singh Hari Baboo Also directs: Ideck Limited, Karnataka Trade Promotion Organisation | Nominee Director | 02 Dec 2016 | 9 Years 11 Months | Current |
| Bhoovanahalli Nagaraj | Nominee Director | 17 Jul 2014 | 12 Years 3 Months | Current |
| Malenalli Bettaswamaiah Rajesh Gowda | Managing Director | 24 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Karnataka Rural Infrastructure Development Limited is audited by ABARNA & ANANTHAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABARNA & ANANTHAN | FY 2023 | 000003S |
Shareholding
The shareholding of Karnataka Rural Infrastructure Development 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 Karnataka Rural Infrastructure Development Limited, buy the company report.
Legal cases
Karnataka Rural Infrastructure Development Limited has 320 court cases on record: 41 filed by Karnataka Rural Infrastructure Development, 280 filed against it. 68 cases are pending and 252 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 262 | 231 | 63 |
| District courts | 52 | 45 | 5 |
| Supreme Court | 5 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 320)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against The Board of Directors, Karnataka Land Army Corporation Limited Represented by Its Managing Director Now Known As Karnataka Rural Infrastructure Development Ltd. Chinnaswamy Stadium Annex, Raj Bhavan Road, ,Bangalore , Karnataka and 1 other | Disposed |
| High Court, KARNATAKA | Arbitration matter | Filed by the company against M/S Acc Limited | Disposed |
| High Court | Writ petition | Filed by the company against M/S Ultratech Cement Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
To see the full case history of Karnataka Rural Infrastructure Development 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 Karnataka Rural Infrastructure Development Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnataka Rural Infrastructure Development has 100 GST registrations: 11 active and 89 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACK5676RE23 | Karnataka | Active | 01 Jul 2017 |
| 29AAACK5676RL2W | Karnataka | Active | 03 Apr 2019 |
| 29AAACK5676RM2V | Karnataka | Active | 05 Apr 2019 |
| 29AAACK5676RN2U | Karnataka | Active | 05 Apr 2019 |
To see the full GST registrations and return filing status of Karnataka Rural Infrastructure Development Limited, buy the company report.
Recent activity
Karnataka Rural Infrastructure Development Limited has 72 board changes on record since 2007: 4 appointments and 68 cessations. The latest: Malenalli Bettaswamaiah Rajesh Gowda was appointed as Managing Director on 24 Nov 2025.
63 earlier events are in the company report.
Frequently asked questions
Karnataka Rural Infrastructure Development is an active private limited state government company based in Bangalore, Karnataka, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 08 August 1974 (52+ years old) and is registered under CIN U75112KA1974SGC002613.
Karnataka Rural Infrastructure Development has 3 current directors:
- Malenalli Bettaswamaiah Rajesh Gowda - Managing Director
- Purushotham Singh Hari Baboo - Nominee Director
- Bhoovanahalli Nagaraj - Nominee Director
The latest financial statements of Karnataka Rural Infrastructure Development on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka Rural Infrastructure Development is 29AAACK5676RE23, registered in Karnataka. The company has 100 GST registrations in all, of which 11 are active and 89 are cancelled or inactive. Other active GSTINs include 29AAACK5676RL2W (Karnataka), 29AAACK5676RM2V (Karnataka), 29AAACK5676RN2U (Karnataka).
The CIN (Corporate Identification Number) of Karnataka Rural Infrastructure Development is U75112KA1974SGC002613. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Rural Infrastructure Development has 320 court cases on record: 41 filed by the company and 280 filed against it. 68 are pending. Most are in the high courts.
Karnataka Rural Infrastructure Development was incorporated on 08 August 1974, making it 52+ years old. It is registered with the Registrar of Companies, Bangalore.
Malenalli Bettaswamaiah Rajesh Gowda was appointed as Managing Director on 24 Nov 2025. Luthfulla Khan Atheeq ceased to be Nominee Director on 14 Aug 2023. Basavaraju was appointed as Managing Director on 16 Jun 2023. Karnataka Rural Infrastructure Development has 72 board changes on record in total.
Karnataka Rural Infrastructure Development can be reached through the website kridl.org. Its registered office is in Bangalore, Karnataka, India.
The registered office of Karnataka Rural Infrastructure Development is at 4th & 5th Floor Grameenabhivruddhi Bhavan Ananda Rao Circle, Bangalore, Karnataka, India – 560009.
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