Murudeshwar Developers Limited
About Murudeshwar Developers Limited
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Murudeshwar Developers Limited is a public limited company based in Hubli, Karnataka, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 01 October 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65910KA1993PLC014777.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.31 Cr. It was formerly known as Murudeswar Finance and Leasing Private Limited and Murudeswar Finance and Leasing Limited. It is led by directors including Satish Rama Shetty and Samtha Abhayanand Shetty.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Murudeswar Bhavan 604/B Gokulroad, Hubli, Karnataka, India – 580030.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.54 Lakh, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹23.08 Lakh and EBITDA of -₹3.15 Lakh (EBITDA margin -124%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 19% over five years.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Murudeshwar Developers has undergone 2 name changes throughout its history. The company was previously known as Murudeswar Finance And Leasing Private Limited, and Murudeswar Finance And Leasing Limited. The current legal name is Murudeshwar Developers Limited.
| Company Name | Status |
|---|---|
| Murudeshwar Developers Limited | Current |
| Murudeswar Finance And Leasing Private Limited | Previous |
| Murudeswar Finance And Leasing Limited | Previous |
Contact details
Murudeshwar Developers Limited's registered office is in Hubli, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressMurudeswar Bhavan 604/B Gokulroad, Hubli, Karnataka, India – 580030
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Murudeshwar Developers 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 Murudeshwar Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Murudeshwar Developers Limited, buy the company report.
Financials of Murudeshwar Developers Limited
FY 2025 filings availableMurudeshwar Developers Limited reported revenue of ₹2.54 Lakh (down 70% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 70% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.54 Lakh | ||||
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| EBITDA | -₹3.15 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹23.08 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -124% | ||||
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To see the full financial statements and ratios of Murudeshwar Developers Limited, buy the company report.
Board of directors of Murudeshwar Developers Limited
Murudeshwar Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Rama Shetty Also directs: Murudeshwar Ceramics Limited, Naveen Structurals and Engineering Co Private Limited, RNS Motors Private Limited and 5 more | Director | 25 Oct 1993 | 33 Years 0 Months | Current |
| Samtha Abhayanand Shetty | Director | 16 Dec 2020 | 5 Years 10 Months | Current |
| Naveen Rama Shetty Also directs: Murudeshwar Ceramics Limited, Naveen Structurals and Engineering Co Private Limited, RNS Motors Private Limited and 5 more | Director | 01 Oct 1993 | 33 Years 0 Months | Current |
Auditor
Murudeshwar Developers Limited is audited by B C SHETTY & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B C SHETTY & CO | FY 2021 | 003819S |
Shareholding
The shareholding of Murudeshwar Developers 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 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Murudeshwar Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2008 | 10115382 | Development Credit Bank Ltd. | ₹5 Cr | Satisfied |
To see the full charge records of Murudeshwar Developers Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Murudeshwar Developers Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Murudeshwar Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Murudeshwar Developers Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Murudeshwar Developers Limited has 6 board changes on record since 1993: 3 appointments and 3 cessations. The latest: Samtha Abhayanand Shetty ceased to be Additional Director on 28 Sep 2021.
Frequently asked questions
Murudeshwar Developers is an active public limited company based in Hubli, Karnataka, India. The company works in real estate financing, within the financial services industry. It was incorporated on 01 October 1993 (33+ years old) and is registered under CIN U65910KA1993PLC014777.
Murudeshwar Developers has 3 current directors:
- Satish Rama Shetty - Director
- Samtha Abhayanand Shetty - Director
- Naveen Rama Shetty - Director
The latest financial statements of Murudeshwar Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Murudeshwar Developers is U65910KA1993PLC014777. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Murudeshwar Developers was incorporated on 01 October 1993, making it 33+ years old. It is registered with the Registrar of Companies, Bangalore.
Samtha Abhayanand Shetty ceased to be Additional Director on 28 Sep 2021. Rama Nagappa Shetty ceased to be Director on 17 Dec 2020. Samtha Abhayanand Shetty was appointed as Director on 16 Dec 2020. Murudeshwar Developers has 6 board changes on record in total.
The registered office of Murudeshwar Developers is at Murudeswar Bhavan 604B Gokulroad, Hubli, Karnataka, India – 580030.
Murudeshwar Developers operates in the financial services industry, in the real estate financing segment.
Murudeshwar Developers has no open charges and satisfied charges of ₹5 Cr as per latest MCA filings.
The compliance status of Murudeshwar Developers is compliant as of 08 September 2026. The company is actively filing with the Registrar of Companies.