About Karnataka Road Development Corporation Limited
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Karnataka Road Development Corporation Limited is a public limited state government company based in Bangalore, Karnataka, India. It operates in the road and bridge construction segment of the infrastructure and utilities sector. It was incorporated on 21 July 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45209KA1999SGC025497. Its GSTIN is 29AABCK2261R1Z1 (Karnataka).
The company has an authorised share capital of ₹510 Cr and a paid-up capital of ₹310 Cr. It is led by directors including Susheelamma Narayanappa (Managing Director) and Sathyanarayana Chikkanayakanahalli.
Its last annual general meeting (AGM) was held on 24 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Samparka Soudha Sy. No. 8 Bep Premises Dr. Rajkumar Road Rajajinagar 1st Block, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2024, the company reported a revenue of ₹106.73 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹9.46 Cr (net margin -8.9%) and EBITDA of ₹52.25 Cr (EBITDA margin 49%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 11% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: KRDCL. As per MCA filings, the company has open charges of ₹1,279 Cr on record. Court records list 990 cases involving the company, including 282 filed by the company and 708 filed against it; 331 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹291.27 Cr; the latest was in June 2014.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krdcl.in.
Company details
CIN history
Karnataka Road Development Corporation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U45209KA1999SGC025497, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45209KA1999SGC025497 | Current |
| U45209KA1999PTC025497 | Previous |
| U45209KA1999PLC025497 | Previous |
Contact details
Karnataka Road Development Corporation Limited's registered office is in Bangalore, Karnataka. Its website is krdcl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSamparka Soudha Sy. No. 8 Bep Premises Dr. Rajkumar Road Rajajinagar 1st Block, Bangalore, Karnataka, India – 560010
- IndustryInfrastructure and Utilities, Road & Bridge Construction
To see the full contact details of Karnataka Road Development Corporation 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 Road Development Corporation is public services by government agencies. In detail, this covers regulation of healthcare, education, cultural and other social services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| O | Public Services by Government agencies | O2 | Regulation of healthcare, education, cultural and other social services |
To see the full business activity and turnover split of Karnataka Road Development Corporation Limited, buy the company report.
Financials of Karnataka Road Development Corporation Limited
FY 2024 filings availableKarnataka Road Development Corporation Limited reported revenue of ₹106.73 Cr (up 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 10% growth in the latest year. EBITDA fell 26% 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 | ₹52.25 Cr | ||||
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| Net Profit (PAT) | -₹9.46 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 | 49% | ||||
| Net Profit Margin | -8.9% | ||||
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To see the full financial statements and ratios of Karnataka Road Development Corporation Limited, buy the company report.
Board of directors of Karnataka Road Development Corporation Limited
Karnataka Road Development Corporation has 8 current directors and 72 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathyanarayana Chikkanayakanahalli Also directs: Bengaluru Business Corridor Limited | Nominee Director | 31 May 2023 | 3 Years 4 Months | Current |
| Reju Murickummoodu Thankachan | Nominee Director | 23 Aug 2023 | 3 Years 2 Months | Current |
| Ramakrishna Jaiprasad | Nominee Director | 22 Sep 2008 | 18 Years 1 Months | Current |
| Shankaragouda Fakkeeragouda Patil | Nominee Director | 08 Aug 2023 | 3 Years 2 Months | Current |
| Amlan Aditya Biswas | Nominee Director | 02 Jun 2025 | 1 Years 4 Months | Current |
| Gurudatta Suryanarayanarao Also directs: Rajiv Gandhi Housing Corporation Limited | Nominee Director | 06 May 2024 | 2 Years 5 Months | Current |
Auditor
Karnataka Road Development Corporation Limited is audited by VIJAY PANCHAPPA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIJAY PANCHAPPA & CO | FY 2023 | 004693S |
Shareholding
The shareholding of Karnataka Road Development Corporation 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 Road Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2024 | 100881550 | Others | ₹347 Cr | Open | |
| 24 Mar 2022 | 100561025 | Canara Bank | ₹350 Cr | Open | |
| 20 Dec 2021 | 100516837 | Canara Bank | ₹350 Cr | Open | |
| 24 Apr 2017 | 100145815 | Vijaya Bank | ₹232 Cr | Open |
Total charge records: 4 View all charges
Deals & funding
Karnataka Road Development Corporation Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹291.27 Cr; the latest was in June 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2014 | Funding round | ₹50 Cr | Investors: Karnataka State Minerals Corporation Limited |
| Dec 2011 | Funding round | ₹60 Cr | Investors: an individual |
| Jul 2006 | Funding round | ₹181.27 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karnataka Road Development Corporation Limited has 990 court cases on record: 282 filed by Karnataka Road Development Corporation, 708 filed against it. 331 cases are pending and 659 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 664 | 453 | 273 |
| High courts | 316 | 251 | 58 |
| Supreme Court | 10 | 4 | 0 |
Cases on record (5 of 990)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4602-Tenders/licenses/leases : Tenders/licenses/leases invited by the State Governments/ local bodies/ State public sector undertakings,including cancellation/award of tenders.) | Filed against the company by M/S Ramalingam Construction Company Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed by the company against Karnataka Commercial and Industrial Corporation Private Limited | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed by the company against Backbone Enterprises Limited and 2 others | Pending |
| Supreme Court | Court case (Review Petition (Civil)) | Filed by the company against M/S. DRN Infrastructure Pvt. Ltd | Disposed |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against M/S. DRN Infrastructure Pvt. Ltd | Disposed |
To see the full case history of Karnataka Road Development Corporation 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 Road Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Karnataka Road Development Corporation Limited has a workforce of 22 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Karnataka Road Development Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCK2261R1Z1 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnataka Road Development Corporation Limited, buy the company report.
Recent activity
Karnataka Road Development Corporation Limited has 77 board changes on record since 2006: 8 appointments and 69 cessations. The latest: Amlan Aditya Biswas was appointed as Nominee Director on 02 Jun 2025.
72 earlier events are in the company report.
Frequently asked questions
Karnataka Road Development Corporation is an active public limited state government company based in Bangalore, Karnataka, India. The company works in road and bridge construction, within the infrastructure and utilities industry. It was incorporated on 21 July 1999 (27+ years old) and is registered under CIN U45209KA1999SGC025497.
Karnataka Road Development Corporation has 8 current directors:
- Susheelamma Narayanappa - Managing Director
- Sathyanarayana Chikkanayakanahalli - Nominee Director
- Reju Murickummoodu Thankachan - Nominee Director
- Ramakrishna Jaiprasad - Nominee Director
- Shankaragouda Fakkeeragouda Patil - Nominee Director
- Amlan Aditya Biswas - Nominee Director
- Gurudatta Suryanarayanarao - Nominee Director
- Manjula Narayanappanaik - Nominee Director
The latest financial statements of Karnataka Road Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 24 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka Road Development Corporation is 29AABCK2261R1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Karnataka Road Development Corporation is U45209KA1999SGC025497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Road Development Corporation has 990 court cases on record: 282 filed by the company and 708 filed against it. 331 are pending. Most are in the district courts.
Karnataka Road Development Corporation was incorporated on 21 July 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
Karnataka Road Development Corporation has 3 deals on record (3 funding rounds), with disclosed funding of ₹291.27 Cr; the latest was in June 2014.
Amlan Aditya Biswas was appointed as Nominee Director on 02 Jun 2025. Selvakumar Seerangarayan ceased to be Nominee Director on 02 Jun 2025. Lingamurthy Gonal ceased to be Managing Director on 12 May 2025. Karnataka Road Development Corporation has 77 board changes on record in total.
Karnataka Road Development Corporation can be reached through the website krdcl.in. Its registered office is in Bangalore, Karnataka, India.