MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0063579
Primrose Realty Projects (Bangalore) Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹32.54 Cr
▲ 34% YoY
Net profit · FY 2024
₹1.45 Cr
Net margin 4.4%
EBITDA · FY 2024
₹18.47 Cr
EBITDA margin 56.8%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.99 Cr
Issued & subscribed
Open charges
₹27.88 Cr
Satisfied ₹71.05 Cr
Company age
21 yrs
Est. 2005
Directors on board
2
As per MCA filings
About Primrose Realty Projects (Bangalore) Private Limited
Data last updated:
Primrose Realty Projects (Bangalore) 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 03 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2005PTC042122. Its GSTIN is 29AACCD1766H1ZK (Karnataka).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.99 Cr. It was formerly known as Divij Realty Private Limited. It is led by directors Neville Maniklal Vaswani and Arun Atu Advani.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
As per the financials filed for FY 2024, the company reported a revenue of ₹32.54 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹1.45 Cr (net margin 4.4%) and EBITDA of ₹18.47 Cr (EBITDA margin 56.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
The company is associated with 1 brand: Vaswani Group. As per MCA filings, the company has open charges of ₹27.88 Cr and satisfied charges of ₹71.05 Cr on record.
Primrose Realty Projects (Bangalore) Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0063579). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vaswanigroup.com.
Company details
CIN U70100KA2005PTC042122
Registration Number 042122
Incorporation Date 03 June 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0063579
CIN history
Primrose Realty Projects (Bangalore) has one previous CIN (Corporate Identification Number): U70100MH2005PTC153743. The current CIN is U70100KA2005PTC042122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100KA2005PTC042122 | Current |
| U70100MH2005PTC153743 | Previous |
Recognitions & Rankings of Primrose Realty Projects (Bangalore)
Contact details
Primrose Realty Projects (Bangalore) Private Limited's registered office is in Bangalore, Karnataka. Its website is vaswanigroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address'Vaswani Victoria' 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Comprehensive company report
Primrose Realty Projects (Bangalore) Private Limited - one report that includes everything
- 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
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Brands
Primrose Realty Projects (Bangalore) operates one associated brand: Vaswani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops luxury residential and commercial properties across Indian cities. | vaswanigroup.com |
Business activity
The main business activity of Primrose Realty Projects (Bangalore) 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 Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Financials of Primrose Realty Projects (Bangalore) Private Limited
FY 2025 filings availablePrimrose Realty Projects (Bangalore) Private Limited reported revenue of ₹32.54 Cr (up 34% YoY) for FY 2024.
Revenue · FY 2024
₹32.54 Cr ▲ 34%
Net profit · FY 2024
₹1.45 Cr margin 4.4%
EBITDA · FY 2024
₹18.47 Cr margin 56.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 7%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▼ 3%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 34% growth in the latest year. EBITDA rose 26% 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 | ₹18.47 Cr | ||||
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| Net Profit (PAT) | ₹1.45 Cr | ||||
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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 | 56.8% | ||||
| Net Profit Margin | 4.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Board of directors of Primrose Realty Projects (Bangalore) Private Limited
Primrose Realty Projects (Bangalore) has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neville Maniklal Vaswani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Director | 24 May 2022 | 4 Years 5 Months | Current |
| Arun Atu Advani Also directs: Vaswani Realty Developments LLP, Shree Realtors Private Limited, Vaswani Whitefield Projects Private Limited and 5 more | Director | 13 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Primrose Realty Projects (Bangalore) Private Limited is audited by S JANARDHAN & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S JANARDHAN & ASSOCIATES | FY 2021 | 005310S |
Shareholding
The shareholding of Primrose Realty Projects (Bangalore) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.88 Cr
Satisfied charges
₹71.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2017 | 100104472 | Others | ₹27.88 Cr | Open | |
| 30 Jan 2016 | 10621902 | Icici Bank | ₹10 Cr | Satisfied | |
| 05 Mar 2013 | 10421100 | Icici Bank Limited | ₹15.25 Cr | Satisfied | |
| 28 Mar 2012 | 10352482 | Icici Bank Limited | ₹9.8 Cr | Satisfied | |
| 16 Dec 2010 | 10255828 | Standard Chartered Bank | ₹11 Cr | Satisfied |
To see the full charge records of Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Primrose Realty Projects (Bangalore) Private 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 Primrose Realty Projects (Bangalore) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Primrose Realty Projects (Bangalore) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD1766H1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Primrose Realty Projects (Bangalore) Private Limited, buy the company report.
Recent activity
Primrose Realty Projects (Bangalore) Private Limited has 10 board changes on record since 2013: 2 appointments and 8 cessations. The latest: Neville Maniklal Vaswani ceased to be Additional Director on 29 Sep 2022.
AGM
Primrose Realty Projects (Bangalore) Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Filing
Primrose Realty Projects (Bangalore) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 27.88 Cr registered on 01 Jun 2017 with Charge ID 100104472 was modified on 21 Jan 2025.
Ceased
Neville Maniklal Vaswani ceased to be Additional Director.
Ceased
Anil Advani Atu ceased to be Director.
Ceased
Karan Vaswani Ramesh ceased to be Director.
Appointed
Neville Maniklal Vaswani was appointed as Director.
Appointed
Arun Atu Advani was appointed as Director.
Charges
A charge with Others amounted to Rs. 27.88 Cr with Charge ID 100104472 was registered on 01 Jun 2017.
Charges
A charge registered on 30 Jan 2016 via Charge ID 10621902 with Icici Bank was fully satisfied on 17 Apr 2017.
Charges
A charge registered on 05 Mar 2013 via Charge ID 10421100 with Icici Bank Limited was fully satisfied on 17 Apr 2017.
Charges
A charge registered on 28 Mar 2012 via Charge ID 10352482 with Icici Bank Limited was fully satisfied on 17 Apr 2017.
15 earlier events are in the company report.
Frequently asked questions
Primrose Realty Projects (Bangalore) 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 03 June 2005 (21+ years old) and is registered under CIN U70100KA2005PTC042122.
Primrose Realty Projects (Bangalore) has 2 current directors:
- Neville Maniklal Vaswani - Director
- Arun Atu Advani - Director
The latest financial statements of Primrose Realty Projects (Bangalore) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Primrose Realty Projects (Bangalore) is 29AACCD1766H1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Primrose Realty Projects (Bangalore) is U70100KA2005PTC042122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primrose Realty Projects (Bangalore) was incorporated on 03 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Neville Maniklal Vaswani ceased to be Additional Director on 29 Sep 2022. Anil Advani Atu ceased to be Director on 14 Jun 2022. Karan Vaswani Ramesh ceased to be Director on 14 Jun 2022. Primrose Realty Projects (Bangalore) has 10 board changes on record in total.
Yes, Primrose Realty Projects (Bangalore) is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0063579).
Primrose Realty Projects (Bangalore) can be reached through the website vaswanigroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Primrose Realty Projects (Bangalore) is at Vaswani Victoria 3rd Floor 30 Victoria Road, Bangalore, Karnataka, India – 560047.
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