About Katerra India Private Limited
Data last updated:
Katerra India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Kef Infrastructure Pte Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 July 2013.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2013FTC070303. Its GSTIN is 29AAFCK2490N1ZY (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹141.59 Cr. It was formerly known as Karman Constructions Private Limited. It is led by directors including Safarulla Abdul Azeez and Ankur Gupta.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹511.07 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹126.55 Cr (net margin -24.8%) and EBITDA of -₹16.71 Cr (EBITDA margin -3.3%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 38% over five years.
The company has about 532 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Katerra. As per MCA filings, the company has open charges of ₹1,698.24 Cr and satisfied charges of ₹240 Cr on record. Court records list 73 cases involving the company, including 9 filed by the company and 64 filed against it; 36 cases are pending. The company has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹73.46 Cr; the latest was in May 2021. Its 4 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 2 smaller; the largest is Nirala Infratech Private Limited with revenue of ₹556.53 Cr.
The last known website on record is katerraindia.com.
Company details
Name history
Katerra India has undergone 4 name changes throughout its history. The current legal name is Katerra India Private Limited.
| Company Name | Status |
|---|---|
| Katerra India Private Limited | Current |
| Karman Constructions Private Limited | Previous |
| Kef Infrastructure India Private Limited | Previous |
| Agenco India Private Limited | Previous |
Contact details
Katerra India Private Limited's registered office is in Bangalore, Karnataka. Its website is katerraindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressSite No. L196 Hsr Layout Sector VI, Bbmp Old Ward No.66 New Ward No. 174, Bangalore, Karnataka, India – 560034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Katerra India 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
Brands
Katerra India operates one associated brand: Katerra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end construction design solutions are provided using 3D technology. | katerra.com |
Business activity
The main business activity of Katerra 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 Katerra India Private Limited, buy the company report.
Financials of Katerra India Private Limited
FY 2021 filings availableKaterra India Private Limited reported revenue of ₹511.07 Cr (down 45% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 126% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹511.07 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹16.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹126.55 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.3% | ||||
| Net Profit Margin | -24.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Katerra India Private Limited, buy the company report.
Board of directors of Katerra India Private Limited
Katerra India has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Safarulla Abdul Azeez | Director | 16 Jun 2022 | 4 Years 4 Months | As last reported |
| Ankur Gupta Also directs: Centroleum Ipd LLP, Rodinia Technologies Private Limited, Rodinia Energy Private Limited and 1 more | Director | 25 Jan 2021 | 5 Years 8 Months | As last reported |
| Vinod Kumar Mayipady Also directs: Nishtha Infra Consultants LLP | Director | 16 Jun 2022 | 4 Years 4 Months | As last reported |
| Pavankumar Vadirajachar Katte | Additional Director | 06 Jan 2022 | 4 Years 9 Months | As last reported |
Peer comparison
Katerra India Private 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 |
|---|---|---|---|---|---|---|
| Nirala Infratech Private Limited | ₹556.53 Cr (FY 2025) | 9.0% | Delhi, India | |||
| Suraj Estate Developers Limited | ₹553.17 Cr (FY 2025) | 33.0% | Mumbai, Maharashtra, India | |||
| Isprava Vesta Private Limited | ₹542.34 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Signatureglobal Developers Limited | ₹537.16 Cr (FY 2025) | 212.0% | New Delhi, Delhi, India | |||
| Katerra India Private Limitedthis company | ₹511.07 Cr (FY 2021) | -₹126.55 Cr | -24.8% | -45.0% | 532 | Bangalore, Karnataka, India |
To see the full peer comparison of Katerra India Private Limited, buy the company report.
Shareholding
The shareholding of Katerra India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Katerra India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2022 | 100649472 | Others | ₹496 Cr | Open | |
| 09 Dec 2019 | 100307017 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open | |
| 06 Mar 2019 | 100246632 | Idbi Trusteeship Services Limited | ₹580 Cr | Open | |
| 31 Jul 2018 | 100223386 | Others | ₹580 Cr | Open | |
| 11 Nov 2014 | 10551410 | State Bank of India | ₹32.24 Cr | Open |
To see the full charge records of Katerra India Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Katerra India Private Limited has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹73.46 Cr; the latest was in May 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2021 | Rights issue | ₹31.28 Cr | Investors: Kef Infrastructure Pte. Ltd. |
| Mar 2021 | Funding round | ₹73.46 Cr | Investors: Kef Infrastructure Pte. Ltd. |
| May 2019 | Rights issue | ₹118.72 Cr | Investors: Kef Infrastructure Pte. Ltd. |
| Nov 2018 | Rights issue | ₹108.19 Cr | Investors: Kef Infrastructure Pte. Ltd. |
| Aug 2018 | Rights issue | ₹54.85 Cr | Investors: Kef Infrastructure Pte. Ltd. |
To see the full deal history of Katerra India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Katerra India Private Limited has 73 court cases on record: 9 filed by Katerra India, 64 filed against it. 36 cases are pending and 37 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 51 | 47 | 25 |
| High courts | 11 | 6 | 2 |
| NCLAT | 10 | 10 | 9 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Lulu India Shopping Mall Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Lulu IT Infrabuild Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Lulu International Shopping Malls Private Limited | Pending |
| District court, Lucknow, Uttar Pradesh | Arbitration matter | Filed by the company against Lulu India Shopping Mall Pvt. Ltd. Through Director Jayakumar Gangadharan | Pending |
| Allahabad High Court | Court case (A227) | Filed by the company against Lulu India Shopping Mall Pvt. Ltd. Thru. Authorized Signatory and Director Jayakumar Gangadharan and 1 other | Pending |
To see the full case history of Katerra India 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
Katerra India Private Limited was last rated by Care on 26 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Apr 2023 |
To see the full credit ratings and regulatory alerts of Katerra India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Katerra India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Katerra India has 1 subsidiary company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Katerra Design Private Limited | U74210KA2003PTC032943 |
To see the full group structure of Katerra India Private Limited, buy the company report.
Employees & EPFO
Katerra India Private Limited has a workforce of 532 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Katerra India has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCK2490N1ZY | Karnataka | Active | 01 Jul 2017 |
| 29AAFCK2490N2ZX | Karnataka | Active | 06 Sep 2017 |
| 32AAFCK2490N1ZB | Kerala | Active | 01 Jul 2017 |
| 33AAFCK2490N1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Katerra India Private Limited, buy the company report.
Recent activity
Katerra India Private Limited has 14 board changes on record since 2019: 4 appointments and 10 cessations. The latest: Safarulla Abdul Azeez was appointed as Director on 16 Jun 2022.
17 earlier events are in the company report.
News
Frequently asked questions
Katerra India is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Katerra India is a company under insolvency, formerly operating as a foreign 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 25 July 2013 and is registered under CIN U70100KA2013FTC070303. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Katerra India has 4 current directors:
- Safarulla Abdul Azeez - Director
- Ankur Gupta - Director
- Vinod Kumar Mayipady - Director
- Pavankumar Vadirajachar Katte - Additional Director
The latest financial statements of Katerra India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Katerra India is U70100KA2013FTC070303. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Katerra India has open charges of ₹1,698.24 Cr and satisfied charges of ₹240 Cr as per latest MCA filings.
Katerra India has 73 court cases on record: 9 filed by the company and 64 filed against it. 36 are pending. Most are in the district courts.
Katerra India was incorporated on 25 July 2013. It is registered with the Registrar of Companies, Bangalore.
Katerra India has 8 deals on record (7 rights issues, 1 funding round), with disclosed funding of ₹73.46 Cr; the latest was in May 2021.
The peers of Katerra India by revenue are Nirala Infratech Private Limited, Suraj Estate Developers Limited, Isprava Vesta Private Limited, Signatureglobal Developers Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Safarulla Abdul Azeez was appointed as Director on 16 Jun 2022. Vinod Kumar Mayipady was appointed as Director on 16 Jun 2022. Pavankumar Vadirajachar Katte ceased to be Additional Director on 22 Mar 2022. Katerra India has 14 board changes on record in total.