About Pragnyacrest Properties Private Limited
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Pragnyacrest Properties Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Pragnya Bangalore 1, Mauritius. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 04 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2004PTC034968. Its GSTIN is 29AAECM0660K1ZB (Karnataka).
The company has an authorised share capital of ₹3.1 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Habitat Pragnya Properties Private Limited and Market Square Enterprises Private Limited. It is led by directors Ajay Kumar Gopal and Veluchamy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Opposite To Zuri Hotel Rajapalaya Hoodi Mahadevapura Post Bangal, Bangalore, Karnataka, India – 560048.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.6 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹1.84 Cr (net margin -70.5%) and EBITDA of -₹1.33 Cr (EBITDA margin -51.2%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 17% over five years.
As per MCA filings, the company has satisfied charges of ₹85.14 Cr on record. Court records list 16 cases involving the company, including 5 filed by the company and 11 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website crestproject.in.
Company details
Name history
Pragnyacrest Properties has undergone 2 name changes throughout its history. The company was previously known as Habitat Pragnya Properties Private Limited, and Market Square Enterprises Private Limited. The current legal name is Pragnyacrest Properties Private Limited.
| Company Name | Status |
|---|---|
| Pragnyacrest Properties Private Limited | Current |
| Habitat Pragnya Properties Private Limited | Previous |
| Market Square Enterprises Private Limited | Previous |
Contact details
Pragnyacrest Properties Private Limited's registered office is in Bangalore, Karnataka. Its website is crestproject.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOpposite To Zuri Hotel Rajapalaya Hoodi Mahadevapura Post Bangal, Bangalore, Karnataka, India – 560048
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Pragnyacrest Properties 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 Pragnyacrest Properties is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Pragnyacrest Properties Private Limited, buy the company report.
Financials of Pragnyacrest Properties Private Limited
FY 2025 filings availablePragnyacrest Properties Private Limited reported revenue of ₹2.6 Cr (down 93% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 93% fall in the latest year. EBITDA rose 74% 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 | -₹1.33 Cr | ||||
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| Net Profit (PAT) | -₹1.84 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -51.2% | ||||
| Net Profit Margin | -70.5% | ||||
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To see the full financial statements and ratios of Pragnyacrest Properties Private Limited, buy the company report.
Board of directors of Pragnyacrest Properties Private Limited
Pragnyacrest Properties has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar Gopal | Nominee Director | 29 Nov 2010 | 15 Years 10 Months | Current |
| Veluchamy | Additional Director | 06 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Pragnyacrest Properties Private Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SNB Reality Private Limited | ₹2.61 Cr (FY 2025) | -80.0% | Delhi, India | |||
| Aanant Aawas Reality Private Limited | ₹2.6 Cr (FY 2024) | Vapi, Gujarat, India | ||||
| Pragnyacrest Properties Private Limitedthis company | ₹2.6 Cr (FY 2024) | -₹1.84 Cr | -70.5% | -93.0% | Bangalore, Karnataka, India | |
| Shree Karni Builders Private Limited | ₹2.6 Cr (FY 2025) | 1500.0% | Bhubaneswar, Odisha, India | |||
| Livewell Projects India Limited | ₹2.6 Cr (FY 2024) | 5.0% | Hyderabad, Telangana, India | |||
| Shanti Buildcon Private Limited | ₹2.6 Cr (FY 2025) | -67.0% | New Delhi, Delhi, India |
To see the full peer comparison of Pragnyacrest Properties Private Limited, buy the company report.
Auditor
Pragnyacrest Properties Private Limited is audited by RAMA KRISHNA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMA KRISHNA & CO | FY 2021 | 008361S |
Shareholding
The shareholding of Pragnyacrest Properties Private 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Pragnyacrest Properties Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2018 | 100228317 | State Bank of India | ₹24.95 Cr | Satisfied | |
| 27 Oct 2014 | 10531435 | The Catholic Syrian Bank Ltd | ₹45 Cr | Satisfied | |
| 27 Mar 2012 | 10353369 | Kotak Mahindra Prime Limited | ₹18.5 Lakh | Satisfied | |
| 25 Jan 2012 | 10335649 | The Catholic Syrian Bank Ltd | ₹15 Cr | Satisfied |
To see the full charge records of Pragnyacrest Properties Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Pragnyacrest Properties Private Limited has 16 court cases on record: 5 filed by Pragnyacrest Properties, 11 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 7 | 0 |
| District courts | 6 | 3 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Mybirdie Solutions LLP and 2 others | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Mybirdie Solutions LLP | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Habitat Crest Apartment Owners Association | Pending |
| High Court | Writ petition | Filed against the company by M/S Habitat Crest Apartment Owners | Disposed |
| High Court | Writ petition | Filed against the company by M/S Habitat Crest Apartment Owners Association | Disposed |
To see the full case history of Pragnyacrest Properties 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
No delayed payments to MSME suppliers are on our record for Pragnyacrest Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pragnyacrest Properties has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM0660K1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pragnyacrest Properties Private Limited, buy the company report.
Recent activity
Pragnyacrest Properties Private Limited has 12 board changes on record since 2010: 2 appointments and 10 cessations. The latest: Veluchamy was appointed as Additional Director on 06 Feb 2025.
13 earlier events are in the company report.
Frequently asked questions
Pragnyacrest Properties 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 November 2004 (22+ years old) and is registered under CIN U74140KA2004PTC034968.
Pragnyacrest Properties has 2 current directors:
- Ajay Kumar Gopal - Nominee Director
- Veluchamy - Additional Director
The latest financial statements of Pragnyacrest Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pragnyacrest Properties is 29AAECM0660K1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Pragnyacrest Properties is U74140KA2004PTC034968. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pragnyacrest Properties has 16 court cases on record: 5 filed by the company and 11 filed against it. 2 are pending. Most are in the high courts.
Pragnyacrest Properties was incorporated on 04 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Pragnyacrest Properties by revenue are SNB Reality Private Limited, Aanant Aawas Reality Private Limited, Shree Karni Builders Private Limited, Livewell Projects India Limited, Shanti Buildcon Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Veluchamy was appointed as Additional Director on 06 Feb 2025. Deepak Reddy Moore ceased to be Additional Director on 31 Dec 2020. Nikshit Hemendra Shah ceased to be Additional Director on 01 Dec 2020. Pragnyacrest Properties has 12 board changes on record in total.
Pragnyacrest Properties can be reached through the website crestproject.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Pragnyacrest Properties is at Opposite To Zuri Hotel Rajapalaya Hoodi Mahadevapura Post Bangal, Bangalore, Karnataka, India – 560048.