MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0104032
Shanders Properties Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹52.35 Cr
▲ 52% YoY
Net profit · FY 2025
₹1.04 Cr
Net margin 2%
EBITDA · FY 2025
₹1.54 Cr
EBITDA margin 2.9%
Authorised capital
₹4.38 Cr
Registered with MCA
Paid-up capital
₹4.12 Cr
Issued & subscribed
Open charges
₹108 Cr
Satisfied ₹173.66 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
16
Provident fund records
About Shanders Properties Private Limited
Data last updated:
Shanders Properties Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Brixstone Realty Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA2010PTC053045. Its GSTIN is 29AAOCS0912Q1ZO (Karnataka).
The company has an authorised share capital of ₹4.38 Cr and a paid-up capital of ₹4.12 Cr. It is led by directors Chitturi Sriram and Chitturi Bala Siva Subrahmanyam.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 1097 (Old) No. 58 (New) 03rd Floor 18th B Main 5th Block Rajajinagar, Bangalore, Karnataka, India – 560010.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.35 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 2%) and EBITDA of ₹1.54 Cr (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 3% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Shanders and Shanders Properties. As per MCA filings, the company has open charges of ₹108 Cr and satisfied charges of ₹173.66 Cr on record. Court records list 19 cases involving the company, including 4 filed by the company and 15 filed against it; 10 cases are pending. The company has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹95.51 Cr; the latest was in March 2011. 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, 2 larger and 1 smaller; the largest is Bhoruka Park Private Limited with revenue of ₹52.42 Cr.
Shanders Properties Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0104032). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shanders.com.
Company details
CIN U70101KA2010PTC053045
Registration Number 053045
Incorporation Date 30 March 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Brixstone Realty Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0104032
Recognitions & Rankings of Shanders Properties
Contact details
Shanders Properties Private Limited's registered office is in Bangalore, Karnataka. Its website is shanders.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1097 (Old) No. 58 (New) 03rd Floor 18th B Main 5th Block Rajajinagar, Bangalore, Karnataka, India – 560010
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Shanders Properties Private Limited, buy the company report.
Comprehensive company report
Shanders Properties 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
Shanders Properties operates two associated brands: Shanders and Shanders Properties. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and sells residential plots and villas in South India for urban housing needs. | shanders.com | |
| Real estate development and management are conducted in Bengaluru, India. | shandersproperties.com |
Business activity
The main business activity of Shanders Properties 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 Shanders Properties Private Limited, buy the company report.
Financials of Shanders Properties Private Limited
FY 2025 filings availableShanders Properties Private Limited reported revenue of ₹52.35 Cr (up 52% YoY) for FY 2025.
Revenue · FY 2025
₹52.35 Cr ▲ 52%
Net profit · FY 2025
₹1.04 Cr margin 2%
EBITDA · FY 2025
₹1.54 Cr margin 2.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▲ 23%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 228%
3 years · compounded
▲ 5%
5 years · compounded
▼ 12%
Revenue rose 52% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 228% 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 | ₹1.54 Cr | ||||
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| Net Profit (PAT) | ₹1.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | 2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Shanders Properties Private Limited, buy the company report.
Board of directors of Shanders Properties Private Limited
Shanders Properties has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chitturi Sriram Also directs: Chisu International Ltd, Assetmine Capital Private Limited, Shanders Projects Private Limited and 5 more | Director | 30 Mar 2010 | 16 Years 6 Months | Current |
| Chitturi Bala Siva Subrahmanyam Also directs: Shanders Agri Enterprises Private Limited, Chisu International Ltd, Assetmine Capital Private Limited and 5 more | Director | 30 Mar 2010 | 16 Years 6 Months | Current |
Peer comparison
Shanders Properties 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 |
|---|---|---|---|---|---|---|
| Bhoruka Park Private Limited | ₹52.42 Cr (FY 2024) | 21.0% | Bangalore, Karnataka, India | |||
| Rattha Holding Company Private Limited | ₹52.37 Cr (FY 2022) | 0.0% | Chennai, Tamil Nadu, India | |||
| Shanders Properties Private Limitedthis company | ₹52.35 Cr (FY 2025) | ₹1.04 Cr | 2% | 52.0% | 16 | Bangalore, Karnataka, India |
| Potion Realcon Private Limited | ₹52.22 Cr (FY 2024) | 655.0% | New Delhi, Delhi, India |
To see the full peer comparison of Shanders Properties Private Limited, buy the company report.
Auditor
Shanders Properties Private Limited is audited by SHIVARAMA IYER & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHIVARAMA IYER & ASSOCIATES | FY 2021 | 012774S |
Shareholding
The shareholding of Shanders 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shanders Properties Private Limited, buy the company report.
Charges & borrowings
Open charges
₹108 Cr
Satisfied charges
₹173.66 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2024 | 101001627 | State Bank of India | ₹20 Cr | Open | |
| 06 Jun 2024 | 100941968 | Others | ₹25 Cr | Open | |
| 28 Feb 2023 | 100705545 | Others | ₹28 Cr | Open | |
| 20 Mar 2013 | 10429837 | Idbi Trusteeship Services Limited | ₹35 Cr | Open | |
| 12 Feb 2021 | 100445033 | Hdfc Bank Limited | ₹22.73 Lakh | Satisfied |
To see the full charge records of Shanders Properties Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Shanders Properties Private Limited has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹95.51 Cr; the latest was in March 2011.
Total deals
3
Funding rounds
2
Convertible or debt financing
1
Disclosed funding
₹95.51 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2010 | Funding round | ₹99.1 Lakh | Investors: Brixstone Realty Private Limited , Moss Rock India Infrastructure (Cyprus) Finance Company Limited |
| Nov 2010 | Funding round | ₹2.37 Cr | Investors: Moss Rock India Infrastructure (Cyprus) Finance Company Limited, Brixstone Realty Private Limited |
To see the full deal history of Shanders Properties 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
Shanders Properties Private Limited has 19 court cases on record: 4 filed by Shanders Properties, 15 filed against it. 10 cases are pending and 9 are disposed.
Total cases
19
Filed by the company
4
Filed against the company
15
Pending
10
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 11 | 9 |
| High courts | 5 | 3 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Shanders 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 Shanders Properties Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shanders Properties Private Limited has a workforce of 16 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-30.43%
GST
Shanders Properties has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS0912Q1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shanders Properties Private Limited, buy the company report.
Recent activity
Shanders Properties Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Rajesh Nanjappa Saligram ceased to be Director on 30 Jun 2017.
Charges
A charge registered on 12 Feb 2021 via Charge ID 100445033 with Hdfc Bank Limited was fully satisfied on 07 Feb 2026.
Charges
A charge registered on 27 Nov 2020 via Charge ID 100409164 with Hdfc Bank Limited was fully satisfied on 05 Dec 2025.
AGM
Shanders Properties Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Shanders Properties Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with State Bank Of India amounted to Rs. 20.00 Cr with Charge ID 101001627 was registered on 14 Nov 2024.
Charges
A charge with Others of Rs. 25.00 Cr registered on 06 Jun 2024 with Charge ID 100941968 was modified on 13 Nov 2024.
Charges
A charge registered on 24 Dec 2019 via Charge ID 100316241 with State Bank Of India was fully satisfied on 21 Jun 2024.
Charges
A charge with Others of Rs. 28.00 Cr registered on 28 Feb 2023 with Charge ID 100705545 was modified on 09 Jun 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100941968 was registered on 06 Jun 2024.
Charges
A charge registered on 27 Nov 2020 via Charge ID 100409168 with Hdfc Bank Limited was fully satisfied on 31 Jan 2024.
Charges
A charge registered on 27 Nov 2020 via Charge ID 100409171 with Hdfc Bank Limited was fully satisfied on 31 Jan 2024.
Charges
A charge with Others amounted to Rs. 28.00 Cr with Charge ID 100705545 was registered on 28 Feb 2023.
23 earlier events are in the company report.
Frequently asked questions
Shanders 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 30 March 2010 (16+ years old) and is registered under CIN U70101KA2010PTC053045.
Shanders Properties has 2 current directors:
- Chitturi Sriram - Director
- Chitturi Bala Siva Subrahmanyam - Director
The latest financial statements of Shanders Properties on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Shanders Properties is 29AAOCS0912Q1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Shanders Properties is U70101KA2010PTC053045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanders Properties has 19 court cases on record: 4 filed by the company and 15 filed against it. 10 are pending. Most are in the district courts.
Shanders Properties was incorporated on 30 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Shanders Properties has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹95.51 Cr; the latest was in March 2011.
The peers of Shanders Properties by revenue are Bhoruka Park Private Limited, Rattha Holding Company Private Limited, Potion Realcon 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).
Rajesh Nanjappa Saligram ceased to be Director on 30 Jun 2017. Chitturi Ratnamanikyam ceased to be Director on 15 Nov 2010. Chitturi Bala Siva Subrahmanyam was appointed as Director on 30 Mar 2010. Shanders Properties has 4 board changes on record in total.
Yes, Shanders Properties is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0104032).