Parakite Builders Private Limited
About Parakite Builders Private Limited
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Parakite Builders Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 01 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45309KA2016PTC098163. Its GSTIN is 29AAICP8856A1Z3 (Karnataka).
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Mahabir Prasad Agrawall and Pratap Reddy Vallur.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gpr Towers #6 Park Road Tasker Town, Bangalore, Karnataka, India – 560051.
As per the financials filed for FY 2024, the company reported a revenue of ₹46.63 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹62.1 Lakh (net margin 1.3%) and EBITDA of ₹91.64 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 418% over three years and 251% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹100 Cr and satisfied charges of ₹95 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 6 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2017. Its 3 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 1 larger and 2 smaller; the largest is Amb Infraventures Private Limited with revenue of ₹46.69 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Parakite Builders Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressGpr Towers #6 Park Road Tasker Town, Bangalore, Karnataka, India – 560051
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Parakite Builders 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
Business activity
The main business activity of Parakite Builders 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 Parakite Builders Private Limited, buy the company report.
Financials of Parakite Builders Private Limited
FY 2024 filings availableParakite Builders Private Limited reported revenue of ₹46.63 Cr (down 25% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 251%. EBITDA fell 10% 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 | ₹91.64 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹62.1 Lakh | ||||
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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 | 2% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Parakite Builders Private Limited, buy the company report.
Board of directors of Parakite Builders Private Limited
Parakite Builders has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Parakite Builders Private 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 (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 |
|---|---|---|---|---|---|---|
| Amb Infraventures Private Limited | ₹46.69 Cr (FY 2024) | 14.0% | New Delhi, Delhi, India | |||
| Parakite Builders Private Limitedthis company | ₹46.63 Cr (FY 2024) | ₹62.1 Lakh | 1.3% | -25.0% | 17 | Bangalore, Karnataka, India |
| Centwin Housing Private Limited | ₹46.58 Cr (FY 2025) | -67.0% | Chennai, Tamil Nadu, India | |||
| Curo India Private Limited | ₹46.5 Cr (FY 2025) | -52.0% | New Delhi, Delhi, India |
To see the full peer comparison of Parakite Builders Private Limited, buy the company report.
Auditor
Parakite Builders Private Limited is audited by BANSAL AND DAVE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BANSAL AND DAVE | FY 2023 | 007252S |
Shareholding
The shareholding of Parakite Builders 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 Parakite Builders Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2022 | 100587689 | Others | ₹100 Cr | Open | |
| 04 Oct 2019 | 100301815 | Idbi Trusteeship Services Limited | ₹55 Cr | Satisfied | |
| 18 Mar 2017 | 100133213 | Idbi Trusteeship Services Limited | ₹40 Cr | Satisfied |
To see the full charge records of Parakite Builders Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Parakite Builders Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Autofin Ltd , 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Parakite Builders Private Limited has 13 court cases on record: 9 filed by Parakite Builders, 4 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 2 | 4 |
| District courts | 3 | 2 | 2 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by Catalyst Trusteeship Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by BCD Bangalore LLP | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Public TV and 1 other | Disposed |
| High Court | Writ petition | Filed against the company by individuals | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against State of Karnataka and 1 other | Pending |
To see the full case history of Parakite Builders 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.
Credit ratings & regulatory alerts
Parakite Builders Private Limited was last rated by Icra on 31 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 Mar 2020 |
To see the full credit ratings and regulatory alerts of Parakite Builders Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Parakite Builders Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Parakite Builders Private Limited has a workforce of 17 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Parakite Builders has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP8856A1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parakite Builders Private Limited, buy the company report.
Recent activity
Parakite Builders Private Limited has 14 board changes on record since 2016: 6 appointments and 8 cessations. The latest: Mukul Agarwall ceased to be Director on 25 Jul 2025.
12 earlier events are in the company report.
Frequently asked questions
Parakite Builders 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 01 December 2016 (10+ years old) and is registered under CIN U45309KA2016PTC098163.
Parakite Builders has 6 current directors:
- Mahabir Prasad Agrawall - Director
- Pratap Reddy Vallur - Director
- Avinash Agarwal - Director
- Gangavaram Pulla Reddy - Director
- Venugopal Setty Sarvisetty - Director
- Ramesh Babu Sarvisetty - Director
The latest financial statements of Parakite Builders on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Parakite Builders is 29AAICP8856A1Z3, registered in Karnataka.
The CIN (Corporate Identification Number) of Parakite Builders is U45309KA2016PTC098163. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parakite Builders has 13 court cases on record: 9 filed by the company and 4 filed against it. 6 are pending. Most are in the high courts.
Parakite Builders was incorporated on 01 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Parakite Builders has 1 deal on record (1 secondary share transfer); the latest was in March 2017.
The peers of Parakite Builders by revenue are Amb Infraventures Private Limited, Centwin Housing Private Limited, Curo India Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Mukul Agarwall ceased to be Director on 25 Jul 2025. Prabhakar Reddy Yeruva ceased to be Director on 18 Dec 2024. Gautam Jain Chand ceased to be Director on 10 Jul 2020. Parakite Builders has 14 board changes on record in total.
The registered office of Parakite Builders is at Gpr Towers #6 Park Road Tasker Town, Bangalore, Karnataka, India – 560051.