About Samruddhi Realty Limited
Data last updated:
Samruddhi Realty Limited is a public limited company based in Bangalore, Karnataka, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 November 2003.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L07010KA2003PLC032934. Its GSTIN is 29AAHCS8507Q3ZE (Karnataka). The company holds 3 GST registrations, of which 1 is active. It is recorded as listed by MCA, but trading in its shares on BSE (535466) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.09 Cr. It was formerly known as Samruddhi Realty Private Limited. It is led by directors including Vellore Ramakrishnan Manjunath (Whole-Time Director) and Arumugam Thirumurugan.
Its last annual general meeting (AGM) was held on 26 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 2nd Floor No 1 Tate Lane Richmond Road Cross, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2017, the company reported a revenue of ₹14.67 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹38.04 Lakh (net margin -2.6%) and EBITDA of ₹14.71 Cr (EBITDA margin 100.3%).
The company has about 34 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Samruddhi Realty. As per MCA filings, the company has open charges of ₹80.38 Cr and satisfied charges of ₹139.25 Cr on record. Court records list 170 cases involving the company, including 14 filed by the company and 156 filed against it; 32 cases are pending. The company has 26 deals on record (25 market trades, 1 ipo); the latest was in December 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings) are compared by revenue, 2 larger and 1 smaller; the largest is Sylvanus Properties Limited with revenue of ₹14.68 Cr.
The last known website on record is samruddhirealty.com.
Company details
CIN history
Samruddhi Realty has one previous CIN (Corporate Identification Number): U07010KA2003PLC032934. The current CIN is L07010KA2003PLC032934, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L07010KA2003PLC032934 | Current |
| U07010KA2003PLC032934 | Previous |
Contact details
Samruddhi Realty Limited's registered office is in Bangalore, Karnataka. Its website is samruddhirealty.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address2nd Floor No 1 Tate Lane Richmond Road Cross, Bangalore, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Samruddhi Realty 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
Samruddhi Realty operates one associated brand: Samruddhi Realty. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive services for residential property development. | samruddhirealty.com |
Business activity
The main business activity of Samruddhi Realty 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 Samruddhi Realty Limited, buy the company report.
Financials of Samruddhi Realty Limited
FY 2017 filings availableSamruddhi Realty Limited reported revenue of ₹14.67 Cr (down 70% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 70% in the latest year. EBITDA rose 5% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹14.67 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹14.71 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹38.04 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 100.3% | ||
| Net Profit Margin | -2.6% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Samruddhi Realty Limited, buy the company report.
Board of directors and KMP of Samruddhi Realty Limited
Samruddhi Realty Limited currently reports 4 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hemang Dipakkumar Rawal | Additional Director | 26 Apr 2018 | 8 Years 5 Months | As last reported |
| Arumugam Thirumurugan | Director | 26 Sep 2017 | 9 Years 0 Months | As last reported |
| Vellore Ramakrishnan Manjunath Also directs: Deccan Market Place India Private Limited | Whole-Time Director | 28 Nov 2003 | 22 Years 10 Months | As last reported |
| Vanaja Thirumurugan | Additional Director | 12 Mar 2018 | 8 Years 7 Months | As last reported |
| Ravindra Mallikarjunappa Madhudi Also directs: Mustang Defence Systems Private Limited, Samruddhi Gruha Nirman Private Limited, Banyan Tree Real Asset Private Limited and 1 more | Ceo | 26 Apr 2018 | 8 Years 5 Months | As last reported |
Peer comparison
Samruddhi Realty Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sylvanus Properties Limited | ₹14.68 Cr (FY 2025) | -30.0% | Delhi, India | |||
| S & T Infrabuild Private Limited | ₹14.68 Cr (FY 2019) | -8.0% | Bharuch, Gujarat, India | |||
| Samruddhi Realty Limitedthis company | ₹14.67 Cr (FY 2017) | -₹38.04 Lakh | -2.6% | -70.0% | 34 | Bangalore, Karnataka, India |
| Nirmal Shelters Private Limited | ₹14.65 Cr (FY 2025) | 25.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Samruddhi Realty Limited, buy the company report.
Auditor
Samruddhi Realty Limited is audited by K GopalaKrishnan & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K GopalaKrishnan & Co. | FY 2017 | 009600S |
Shareholding
The shareholding of Samruddhi Realty Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Samruddhi Realty Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2016 | 100064107 | Others | ₹75 Cr | Open | |
| 29 Sep 2015 | 10596269 | Bajaj Finance Limited | ₹5.38 Cr | Open | |
| 29 Dec 2015 | 100017090 | Others | ₹4 Cr | Satisfied | |
| 09 Jul 2015 | 10579702 | Reliance Capital Ltd | ₹11 Cr | Satisfied | |
| 30 Dec 2014 | 10573191 | Reliance Home Finance Limited | ₹6 Cr | Satisfied |
To see the full charge records of Samruddhi Realty Limited, buy the company report.
Total charge records: 12 View all charges
Deals & funding
Samruddhi Realty Limited has 26 deals on record (25 market trades, 1 ipo); the latest was in December 2017.
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Market trade | ₹5.2 Lakh | Buyer: Hem Financial Services Private Limited |
| Feb 2017 | Market trade | ₹7.8 Lakh | Buyer: Hem Financial Services Private Limited Seller: Raj Mala Finlease (P) Ltd |
| Jan 2017 | Market trade | ₹29.5 Lakh | Buyer: Raj Mala Finlease (P) Ltd, Hem Insurance Brokers Private Limited Seller: an individual |
| Sep 2016 | Market trade | ₹81.2 Lakh | Buyer: Hem Financial Services Private Limited , Hem Share Brokers Private Limited , 2 individuals Seller: Hem Sec Ltd |
| Aug 2016 | Market trade | ₹1.08 Cr | Buyer: an individual Seller: Highpoint Trading Company Private Limited |
To see the full deal history of Samruddhi Realty 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
Samruddhi Realty Limited has 170 court cases on record: 14 filed by Samruddhi Realty, 156 filed against it. 32 cases are pending and 138 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 132 | 123 | 25 |
| High courts | 24 | 20 | 3 |
| NCLT | 9 | 8 | 1 |
| NCLAT | 5 | 5 | 3 |
Cases on record (5 of 170)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Bengaluru | Insolvency matter | Filed against the company by Vistra Itcl India Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Axis Bank Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sandhya Realtors Private Limited and 4 others | Pending |
| High Court | Writ petition | Filed against the company by Essel Finance Advisors and Managers LLP | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by M/S Moonbeam Advisory Private Limited and 2 others | Disposed |
To see the full case history of Samruddhi Realty 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
Samruddhi Realty Limited was last rated by Crisil on 15 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jul 2021 |
To see the full credit ratings and regulatory alerts of Samruddhi Realty Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Samruddhi Realty Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Samruddhi Realty has 1 subsidiary company and 3 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Samruddhi Gruha Nirman Private Limited | U45200KA2010PTC052507 |
To see the full group structure of Samruddhi Realty Limited, buy the company report.
Employees & EPFO
Samruddhi Realty Limited has a workforce of 34 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Samruddhi Realty has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCS8507Q3ZE | Karnataka | Active | 13 Aug 2021 |
To see the full GST registrations and return filing status of Samruddhi Realty Limited, buy the company report.
Recent activity
Samruddhi Realty Limited has 23 board changes on record since 2003: 14 appointments and 9 cessations. The latest: Ramanand Pulavarti ceased to be Nominee Director on 11 Jun 2019.
36 earlier events are in the company report.
Frequently asked questions
Samruddhi Realty is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Samruddhi Realty is a company under liquidation, formerly operating as a 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 28 November 2003 and is registered under CIN L07010KA2003PLC032934. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Samruddhi Realty has 5 current directors and KMP:
- Vellore Ramakrishnan Manjunath - Whole-Time Director
- Hemang Dipakkumar Rawal - Additional Director
- Arumugam Thirumurugan - Director
- Vanaja Thirumurugan - Additional Director
- Ravindra Mallikarjunappa Madhudi - Ceo
The latest financial statements of Samruddhi Realty on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 26 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Samruddhi Realty is L07010KA2003PLC032934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samruddhi Realty is recorded as a listed company by MCA, but trading in its shares on BSE (535466) has been suspended, so they do not currently trade on a stock exchange.
Samruddhi Realty has open charges of ₹80.38 Cr and satisfied charges of ₹139.25 Cr as per latest MCA filings.
Samruddhi Realty has 170 court cases on record: 14 filed by the company and 156 filed against it. 32 are pending. Most are in the district courts.
Samruddhi Realty was incorporated on 28 November 2003. It is registered with the Registrar of Companies, Bangalore.
Samruddhi Realty has 26 deals on record (25 market trades, 1 ipo); the latest was in December 2017.
The peers of Samruddhi Realty by revenue are Sylvanus Properties Limited, S & T Infrabuild Private Limited, Nirmal Shelters Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).