About Northroof Ventures Private Limited
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Northroof Ventures Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Satchmo Holdings Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2007PTC044553. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.15 Cr. It was formerly known as Nitesh Trivandrum Malls Private Limited and Nhdpl Properties Private Limited. It is led by directors including Lalgudi Saptharishi Vaidyanathan (Managing Director) and Subramanian Ananthanarayanan.
Its last annual general meeting (AGM) was held on 26 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.1 Cr, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹59 Lakh (net margin -4.9%) and EBITDA of ₹3.12 Cr (EBITDA margin 25.8%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 14% over five years.
The company is associated with 1 brand: NEL Holdings. As per MCA filings, the company has open charges of ₹635 Cr and satisfied charges of ₹304.5 Cr on record. Court records list 213 cases involving the company, including 75 filed by the company and 139 filed against it; 35 cases are pending. The company has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹149.99 Cr; the latest was in March 2023. The company has 13 MSME Form 1 returns on record between 2015 and 2024, listing 139 overdue payments to 28 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 nelholdings.in.
Company details
Name history
Northroof Ventures has undergone 4 name changes throughout its history. The current legal name is Northroof Ventures Private Limited.
| Company Name | Status |
|---|---|
| Northroof Ventures Private Limited | Current |
| Nitesh Trivandrum Malls Private Limited | Previous |
| Nhdpl Properties Private Limited | Previous |
| Nitesh Housing Developers Private Limited | Previous |
| Nhdpl South Private Limited | Previous |
Contact details
Northroof Ventures Private Limited's registered office is in Bangalore, Karnataka. Its website is nelholdings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 1/B First Floor #41 Castle Street, Opp. Sacred Heart Church Richmond Road Ashok Nagar Richmond Town, Bangalore, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Northroof Ventures 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
Northroof Ventures operates one associated brand: NEL Holdings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes in developing commercial and residential properties. | nelholdings.in |
Business activity
The main business activity of Northroof Ventures is real estate. In detail, this covers real estate activities with own or leased property.
| 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 |
To see the full business activity and turnover split of Northroof Ventures Private Limited, buy the company report.
Financials of Northroof Ventures Private Limited
FY 2025 filings availableNorthroof Ventures Private Limited reported revenue of ₹12.1 Cr (down 59% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 59% fall in the latest year. EBITDA fell 34% 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 | ₹3.12 Cr | ||||
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| Net Profit (PAT) | -₹59 Lakh | ||||
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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 | 25.8% | ||||
| Net Profit Margin | -4.9% | ||||
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To see the full financial statements and ratios of Northroof Ventures Private Limited, buy the company report.
Board of directors of Northroof Ventures Private Limited
Northroof Ventures 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 |
|---|---|---|---|---|
| Lalgudi Saptharishi Vaidyanathan Also directs: Satchmo Holdings Limited, Nirpl Ventures Private Limited, Marathalli Ventures Private Limited and 3 more | Managing Director | 11 Sep 2009 | 17 Years 1 Months | Current |
| Subramanian Ananthanarayanan Also directs: Satchmo Holdings Limited, Marathalli Ventures Private Limited | Director | 08 Feb 2017 | 9 Years 8 Months | Current |
| Kumar Nellore Gopalakrishna Also directs: Satchmo Holdings Limited, Marathalli Ventures Private Limited | Director | 13 Nov 2020 | 5 Years 11 Months | Current |
| Ramesh Karur Raghavendran Also directs: Satchmo Holdings Limited, Nitlogis Private Limited, Satchmo Foods Private Limited and 3 more | Director | 16 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Northroof Ventures Private Limited is audited by RAY & RAY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAY & RAY | FY 2023 | 301072E |
Shareholding
The shareholding of Northroof Ventures 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 Northroof Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2016 | 100083921 | Others | ₹315 Cr | Open | |
| 22 Dec 2015 | 10612316 | Others | ₹315 Cr | Open | |
| 09 Oct 2015 | 10600740 | Housing Development Finance Corporation Limited | ₹5 Cr | Open | |
| 23 Jan 2015 | 10550138 | Housing Development Finance Corporation Limited | ₹30 Cr | Satisfied | |
| 28 Mar 2014 | 10495505 | Housing Development Finance Corporation Limited | ₹60 Cr | Satisfied |
To see the full charge records of Northroof Ventures Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Northroof Ventures Private Limited has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹149.99 Cr; the latest was in March 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Marathalli Ventures Private Limited , Satchmo Holdings Limited Seller: Marathalli Ventures Private Limited , Satchmo Holdings Limited |
| Jul 2021 | Acquisition | Undisclosed | Buyer: Ramky Estates and Farms Limited Seller: Northroof Ventures Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Marathalli Ventures Private Limited Seller: Marathalli Ventures Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Marathalli Ventures Private Limited Seller: Nitlogis Private Limited |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Nitlogis Private Limited Seller: HDFC Asset Management Company Limited |
To see the full deal history of Northroof Ventures 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
Northroof Ventures Private Limited has 213 court cases on record: 75 filed by Northroof Ventures, 139 filed against it. 35 cases are pending and 178 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 109 | 84 | 17 |
| High courts | 88 | 41 | 15 |
| Supreme Court | 7 | 7 | 1 |
| NCLAT | 5 | 5 | 2 |
| NCLT | 4 | 2 | 0 |
Cases on record (5 of 213)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by M/S S Mac Security Services Private Limited | Pending |
| District court, BENGALURU, Karnataka | Arbitration matter | Filed against the company by NSL Sez Hyderabad Private Limited | Pending |
| District court, BENGALURU, Karnataka | Arbitration matter | Filed by the company against NSL Sez (Hyderabad) Pvt Ltd and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed by the company against V K Building Services Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.P.) | Filed against the company by Nel Holdings Limited | Pending |
To see the full case history of Northroof Ventures 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.
MSME payment delays
Northroof Ventures Private Limited has 13 MSME Form 1 returns on record between 2015 and 2024, listing 139 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Hyline Engineers | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Northroof Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Northroof Ventures has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Northroof Ventures Private Limited, buy the company report.
Recent activity
Northroof Ventures Private Limited has 22 board changes on record since 2007: 13 appointments and 9 cessations. The latest: Rajeev Khanna ceased to be CFO on 02 Aug 2024.
29 earlier events are in the company report.
News
Frequently asked questions
Northroof Ventures is an active 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 04 December 2007 (19+ years old) and is registered under CIN U45201KA2007PTC044553.
Northroof Ventures has 4 current directors:
- Lalgudi Saptharishi Vaidyanathan - Managing Director
- Subramanian Ananthanarayanan - Director
- Kumar Nellore Gopalakrishna - Director
- Ramesh Karur Raghavendran - Director
The latest financial statements of Northroof Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 June 2025. Year-wise statements from 2015 are in the company report.
No. Northroof Ventures has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Northroof Ventures is U45201KA2007PTC044553. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Northroof Ventures has 213 court cases on record: 75 filed by the company and 139 filed against it. 35 are pending. Most are in the district courts.
Northroof Ventures was incorporated on 04 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Northroof Ventures has 9 deals on record (5 secondary share transfers, 2 funding rounds, 1 debt financing), with disclosed funding of ₹149.99 Cr; the latest was in March 2023.
Rajeev Khanna ceased to be CFO on 02 Aug 2024. Ramesh Karur Raghavendran was appointed as Director on 16 Apr 2024. Rajeev Khanna was appointed as CFO on 21 Jun 2021. Northroof Ventures has 22 board changes on record in total.
Northroof Ventures has 13 MSME Form 1 returns on record between 2015 and 2024, listing 139 overdue payments to 28 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Northroof Ventures can be reached through the website nelholdings.in. Its registered office is in Bangalore, Karnataka, India.