About Nexus Mangalore Retail Private Limited
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Nexus Mangalore Retail Private Limited is a private limited company based in Mangalore, Karnataka, India, a subsidiary of Brep Asia Ii Indian Holding Co Ix (Nq) Pte Ltd. It operates in the mall and retail management segment of the business services sector. It was incorporated on 27 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70109KA2007PTC044794. Its GSTIN is 29AAECP4967C1Z7 (Karnataka).
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹8.49 Cr. It was formerly known as Prestige Mangalore Retail Ventures Private Limited. It is led by directors including Rohan Deepak Vaswani and Jayen Ajit Naik.
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mall Management Office Fiza By Nexus Mall 4th Floor Mangala Devi Road Pandeshwar, Mangalore, Karnataka, India – 575001.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.27 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 2.7%) and EBITDA of ₹24.76 Cr (EBITDA margin 44.8%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 12% over five years.
The company is associated with 1 brand: Prestige Group. As per MCA filings, the company has satisfied charges of ₹1,695 Cr on record. The company has 9 deals on record (4 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.54 Cr; the latest was in March 2021. Its 6 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 2 smaller; the largest is VR Vidarbha Limited with revenue of ₹62.57 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 30 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prestigeconstructions.com.
Company details
Contact details
Nexus Mangalore Retail Private Limited's registered office is in Mangalore, Karnataka. Its website is prestigeconstructions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMall Management Office Fiza By Nexus Mall 4th Floor Mangala Devi Road Pandeshwar, Mangalore, Karnataka, India – 575001
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Nexus Mangalore Retail 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
Nexus Mangalore Retail operates one associated brand: Prestige Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Commercial and residential real estate development services are provided. | prestigeconstructions.com |
Business activity
The main business activity of Nexus Mangalore Retail is real estate. In detail, this covers real estate activities with own or leased property and real estate activities on fee or contract basis. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Nexus Mangalore Retail Private Limited, buy the company report.
Financials of Nexus Mangalore Retail Private Limited
FY 2025 filings availableNexus Mangalore Retail Private Limited reported revenue of ₹55.27 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 19% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹24.76 Cr | ||||
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| Net Profit (PAT) | ₹1.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 44.8% | ||||
| Net Profit Margin | 2.7% | ||||
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To see the full financial statements and ratios of Nexus Mangalore Retail Private Limited, buy the company report.
Board of directors of Nexus Mangalore Retail Private Limited
Nexus Mangalore Retail has 3 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohan Deepak Vaswani Also directs: Indore Treasure Island Private Limited, Nexus Hyderabad Retail Private Limited, Padma Homes Private Limited and 5 more | Additional Director | 11 Dec 2024 | 1 Years 10 Months | Current |
| Jayen Ajit Naik Also directs: Nexus Hyderabad Retail Private Limited, Nexus Vijaya Retail Private Limited, Nexusmalls Whitefield Private Limited and 5 more | Nominee Director | 04 Jun 2024 | 2 Years 5 Months | Current |
| Nishank Ramesh Joshi Also directs: CSJ Infrastructure Private Limited., Nexus Mysore Retail Private Limited, Mamadapur Solar Private Limited and 1 more | Nominee Director | 12 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Nexus Mangalore Retail Private Limited is compared with the 6 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VR Vidarbha Limited | ₹62.57 Cr (FY 2024) | 18.0% | Nagpur, Maharashtra, India | |||
| Adarsh Heights Private Limited | ₹58.2 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Arliga Galleria (India) Private Limited | ₹57.98 Cr (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Upal Developers Private Limited | ₹55.62 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Nexus Mangalore Retail Private Limitedthis company | ₹55.27 Cr (FY 2025) | ₹1.5 Cr | 2.7% | -9.0% | Mangalore, Karnataka, India | |
| Nexus Udaipur Retail Private Limited | ₹51.49 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| G. S. Malls Private Limited | ₹51.16 Cr (FY 2024) | 11.0% | Jammu, Jammu and Kashmir, India |
To see the full peer comparison of Nexus Mangalore Retail Private Limited, buy the company report.
Auditor
Nexus Mangalore Retail Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Nexus Mangalore Retail Private 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 Nexus Mangalore Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2021 | 100436570 | Idbi Trusteeship Services Limited | ₹1,495 Cr | Satisfied | |
| 25 May 2015 | 10579725 | Others | ₹100 Cr | Satisfied | |
| 27 Aug 2012 | 10379359 | Axis Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Nexus Mangalore Retail Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Nexus Mangalore Retail Private Limited has 9 deals on record (4 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.54 Cr; the latest was in March 2021.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India Seller: Prestige Retail Ventures Limited |
| Mar 2021 | Acquisition | Undisclosed | Buyer: Blackstone Advisors India Seller: Prestige Retail Ventures Limited |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Prestige Retail Ventures Limited Seller: Capita Retail Mangalore Mall (Mauritius) Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Prestige Retail Ventures Limited Seller: Prestige Estates Project Limited, 3 individuals |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Prestige Estates Project Limited Seller: 4 individuals |
To see the full deal history of Nexus Mangalore Retail 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
No court or tribunal cases involving Nexus Mangalore Retail Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Nexus Mangalore Retail Private Limited was last rated by Icra on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Nexus Mangalore Retail Private Limited, buy the company report.
MSME payment delays
Nexus Mangalore Retail Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 30 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Alert Commandos Private Limited | |||
| an individual supplier | |||
| Pan Media Solutions | |||
| Primacy Consumer Products Private Limited |
To see the full MSME payment records of Nexus Mangalore Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Nexus Mangalore Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP4967C1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nexus Mangalore Retail Private Limited, buy the company report.
Recent activity
Nexus Mangalore Retail Private Limited has 22 board changes on record since 2008: 3 appointments and 19 cessations. The latest: Rohan Deepak Vaswani was appointed as Additional Director on 11 Dec 2024.
22 earlier events are in the company report.
News
Frequently asked questions
Nexus Mangalore Retail is an active private limited company based in Mangalore, Karnataka, India. The company works in mall and retail management, within the business services industry. It was incorporated on 27 December 2007 (19+ years old) and is registered under CIN U70109KA2007PTC044794.
Nexus Mangalore Retail has 3 current directors:
- Rohan Deepak Vaswani - Additional Director
- Jayen Ajit Naik - Nominee Director
- Nishank Ramesh Joshi - Nominee Director
The latest financial statements of Nexus Mangalore Retail on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nexus Mangalore Retail is 29AAECP4967C1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Nexus Mangalore Retail is U70109KA2007PTC044794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nexus Mangalore Retail was incorporated on 27 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Nexus Mangalore Retail has 9 deals on record (4 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.54 Cr; the latest was in March 2021.
The peers of Nexus Mangalore Retail by revenue are VR Vidarbha Limited, Adarsh Heights Private Limited, Arliga Galleria (India) Private Limited, Upal Developers Private Limited, Nexus Udaipur Retail Private Limited and 1 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Rohan Deepak Vaswani was appointed as Additional Director on 11 Dec 2024. Jayen Ajit Naik ceased to be Additional Director on 22 Jul 2024. Jayen Ajit Naik was appointed as Nominee Director on 04 Jun 2024. Nexus Mangalore Retail has 22 board changes on record in total.
Nexus Mangalore Retail has 13 MSME Form 1 returns on record between 2019 and 2024, listing 136 overdue payments to 30 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Nexus Mangalore Retail can be reached through the website prestigeconstructions.com. Its registered office is in Mangalore, Karnataka, India.
The registered office of Nexus Mangalore Retail is at Mall Management Office Fiza By Nexus Mall 4th Floor Mangala Devi Road Pandeshwar, Mangalore, Karnataka, India – 575001.
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