About Saltire Developers Private Limited
Data last updated:
Saltire Developers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Embassy Property Developments Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2006PTC038332. Its GSTIN is 29AAKCS0630D1ZK (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Narayana Raghavendra and Prasad Adavayya Turamari.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Embassy Point 150 Infantry Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2023, the company reported a revenue of ₹35,530. For the same year it recorded a net loss of ₹49.28 Cr and EBITDA of -₹18.79 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 84% over five years.
As per MCA filings, the company has open charges of ₹1,100 Cr and satisfied charges of ₹870 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website embassyindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st Floor Embassy Point 150 Infantry Road, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
- One PDF report, delivered after checkout
Financials of Saltire Developers Private Limited FY 2025 filings available
Saltire Developers Private Limited reported revenue of ₹35,530 for FY 2023.
Compounded Annual Growth Rate (CAGR) of Saltire Developers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 84% over five years. 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 of Saltire Developers Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹35,530 | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹18.79 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹49.28 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Saltire Developers Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Saltire Developers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Saltire Developers Private Limited
Saltire Developers Private Limited is audited by H R A & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H R A & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Saltire Developers Private Limited
Saltire Developers has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayana Raghavendra Also directs: Elevation Aviation Ifsc Private Limited, Semusi Developers Private Limited, Serenesummit Realty Private Limited and 5 more | Director | 31 Mar 2025 | 1 Years 6 Months | Current |
| Prasad Adavayya Turamari Also directs: Paledium Security Services LLP, Saltire Estate and Resorts LLP, Doddaballapur Builders LLP and 5 more | Director | 13 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of Saltire Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Saltire Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Dec 2020 | Others | ₹675 Cr | Open |
| 07 Dec 2020 | Others | ₹425 Cr | Open |
| 27 Nov 2020 | Others | ₹72.5 Cr | Satisfied |
| 27 Nov 2020 | Others | ₹72.5 Cr | Satisfied |
| 27 Nov 2020 | Others | ₹175 Cr | Satisfied |
Total charge records: 7 View all charges
Legal Cases of Saltire Developers Private Limited
Saltire Developers Private Limited has 2 court cases on record: 2 filed by Saltire Developers. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Saltire Developers Private Limited
Employment history and EPFO contributions of people linked to Saltire Developers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Saltire Developers Private Limited
Recent Activity on Saltire Developers Private Limited
Saltire Developers Private Limited has 18 board changes on record since 2006: 10 appointments and 8 cessations. The latest: Maria Rajesh ceased to be Additional Director on 31 Mar 2025.
22 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Saltire Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Saltire Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Saltire Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Saltire Developers Private Limited
Saltire Developers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCS0630D1ZK | Karnataka | Active | 01 Jul 2017 |
| 29AAKCS0630D2ZJ | Karnataka | Active | 20 Nov 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Saltire Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Saltire Developers Private Limited
Saltire Developers 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 30 January 2006 (20+ years old) and is registered under CIN U70102KA2006PTC038332.
Saltire Developers reported revenue of ₹35,530 for FY 2023.
Saltire Developers has 2 current directors:
- Narayana Raghavendra - Director
- Prasad Adavayya Turamari - Director
Saltire Developers reported a net loss of ₹49.28 Cr and EBITDA of -₹18.79 Lakh for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Saltire Developers is -88% over three years and -84% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Saltire Developers is 29AAKCS0630D1ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAKCS0630D2ZJ (Karnataka).
The CIN (Corporate Identification Number) of Saltire Developers is U70102KA2006PTC038332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saltire Developers has 2 court cases on record: 2 filed by the company.
Saltire Developers was incorporated on 30 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
Maria Rajesh ceased to be Additional Director on 31 Mar 2025. Narayana Raghavendra was appointed as Director on 31 Mar 2025. Maria Rajesh was appointed as Additional Director on 31 Jan 2025. Saltire Developers has 18 board changes on record in total.