India's Richest People 2026 edition · 1 director · Source: Hurun India
- #399 B.M. Jayeshankar ₹9,300 Cr
Revenue · FY 2024
₹8.12 Lakh
▲ 49% YoY
Net loss · FY 2024
₹55.8 Lakh
Latest filing
EBITDA · FY 2024
-₹55.73 Lakh
Latest filing
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹105 Cr
Satisfied ₹2,483.02 Cr
Company age
18 yrs
Est. 2008
Directors on board
3
As per MCA filings
About Shreshta Apartments Private Limited
Data last updated:
Shreshta Apartments Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 June 2008 and has been in existence for over 18 years.
Its director B.M. Jayeshankar is #399 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45201KA2008PTC046960. Its GSTIN is 29AANCS4286J1ZK (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Jayeshankar Bilidale Madaiah and Karunesh Bilidale Madaiah.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.12 Lakh, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹55.8 Lakh and EBITDA of -₹55.73 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹105 Cr and satisfied charges of ₹2,483.02 Cr on record. Court records list 29 cases involving the company, including 2 filed by the company and 27 filed against it; 15 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 adarshdevelopers.com.
Company details
CIN U45201KA2008PTC046960
Registration Number 046960
Incorporation Date 27 June 2008
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Jayeshankar Bilidale Madaiah Director Karunesh Bilidale Madaiah Director Sudha Shanker Director Recognitions & Rankings of Shreshta Apartments
Contact details
Shreshta Apartments Private Limited's registered office is in Bengaluru, Karnataka. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressNo. 2/4 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Shreshta Apartments Private Limited, buy the company report.
Comprehensive company report
Shreshta Apartments 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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Business activity
The main business activity of Shreshta Apartments 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 Shreshta Apartments Private Limited, buy the company report.
Financials of Shreshta Apartments Private Limited
FY 2024 filings availableShreshta Apartments Private Limited reported revenue of ₹8.12 Lakh (up 49% YoY) for FY 2024.
Revenue · FY 2024
₹8.12 Lakh ▲ 49%
Net loss · FY 2024
₹55.8 Lakh
EBITDA · FY 2024
-₹55.73 Lakh
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 17%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 160%
3 years · compounded
▼ 158%
5 years · compounded
▼ 98%
Revenue rose 49% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 14%. EBITDA fell 160% 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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| Total Expenses | |||||
| EBITDA | -₹55.73 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹55.8 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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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To see the full financial statements and ratios of Shreshta Apartments Private Limited, buy the company report.
Board of directors of Shreshta Apartments Private Limited
Shreshta Apartments has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshankar Bilidale Madaiah | Director | 27 Jun 2008 | 18 Years 4 Months | Current |
| Karunesh Bilidale Madaiah Also directs: Akarsha Prime Project Private Limited, Vismaya Superprojects Private Limited, Akarshak Realty Private Limited and 5 more | Director | 27 Jun 2008 | 18 Years 4 Months | Current |
| Sudha Shanker Also directs: Akarsha Prime Project Private Limited, Akarshak Realty Private Limited, Vividha Ventures Private Limited and 5 more | Director | 27 Jun 2008 | 18 Years 4 Months | Current |
Auditor
Shreshta Apartments Private Limited is audited by A B S & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A B S & CO | FY 2021 | 008203S |
Shareholding
The shareholding of Shreshta Apartments 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shreshta Apartments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹105 Cr
Satisfied charges
₹2,483.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2024 | 100929712 | The Hongkong and Shanghai Banking Corporation Limited | ₹105 Cr | Open | |
| 21 Jul 2023 | 100824991 | Others | ₹258 Cr | Satisfied | |
| 09 Dec 2022 | 100777362 | Others | ₹840.5 Cr | Satisfied | |
| 09 Dec 2022 | 100752147 | Others | ₹75 Cr | Satisfied | |
| 09 Dec 2022 | 100722934 | Others | ₹487 Cr | Satisfied |
To see the full charge records of Shreshta Apartments Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Shreshta Apartments Private Limited has 29 court cases on record: 2 filed by Shreshta Apartments, 27 filed against it. 15 cases are pending and 14 are disposed.
Total cases
29
Filed by the company
2
Filed against the company
27
Pending
15
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 24 | 12 |
| High courts | 4 | 3 | 3 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Interim or miscellaneous application | Filed against the company | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
| High Court | Writ petition | Filed against the company by Universal Human Right S Service Foundation (Regd) | Pending |
To see the full case history of Shreshta Apartments 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 Shreshta Apartments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shreshta Apartments has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCS4286J1ZK | Karnataka | Active | 11 Apr 2022 |
To see the full GST registrations and return filing status of Shreshta Apartments Private Limited, buy the company report.
Recent activity
Shreshta Apartments Private Limited has 4 board changes on record since 2008: 3 appointments and 1 cessation. The latest: Jayeshankar Bilidale Madaiah ceased to be Director on 27 Jan 2020.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100777362 with Others was fully satisfied on 29 Sep 2025.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100722934 with Others was fully satisfied on 29 Sep 2025.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100722924 with Others was fully satisfied on 29 Sep 2025.
AGM
Shreshta Apartments Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge registered on 21 Jul 2023 via Charge ID 100824991 with Others was fully satisfied on 10 Jun 2024.
Charges
A charge registered on 09 Dec 2022 via Charge ID 100752147 with Others was fully satisfied on 10 Jun 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 10,500.00 Lakh with Charge ID 100929712 was registered on 15 May 2024.
Filing
Shreshta Apartments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others of Rs. 25,800.00 Lakh registered on 21 Jul 2023 with Charge ID 100824991 was modified on 16 Feb 2024.
Charges
A charge with Others amounted to Rs. 25,800.00 Lakh with Charge ID 100824991 was registered on 21 Jul 2023.
Charges
A charge with Others of Rs. 7,500.00 Lakh registered on 09 Dec 2022 with Charge ID 100752147 was modified on 21 Jul 2023.
Charges
A charge with Others of Rs. 84,050.00 Lakh registered on 09 Dec 2022 with Charge ID 100777362 was modified on 21 Jul 2023.
25 earlier events are in the company report.
Frequently asked questions
Shreshta Apartments is an active private limited company based in Bengaluru, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 June 2008 (18+ years old) and is registered under CIN U45201KA2008PTC046960.
Shreshta Apartments has 3 current directors:
- Jayeshankar Bilidale Madaiah - Director
- Karunesh Bilidale Madaiah - Director
- Sudha Shanker - Director
The latest financial statements of Shreshta Apartments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Shreshta Apartments is 29AANCS4286J1ZK, registered in Karnataka.
The CIN (Corporate Identification Number) of Shreshta Apartments is U45201KA2008PTC046960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shreshta Apartments has 29 court cases on record: 2 filed by the company and 27 filed against it. 15 are pending. Most are in the district courts.
Shreshta Apartments was incorporated on 27 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Jayeshankar Bilidale Madaiah ceased to be Director on 27 Jan 2020. Jayeshankar Bilidale Madaiah was appointed as Director on 27 Jun 2008. Karunesh Bilidale Madaiah was appointed as Director on 27 Jun 2008. Shreshta Apartments has 4 board changes on record in total.
Shreshta Apartments can be reached through the website adarshdevelopers.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Shreshta Apartments is at No. 24 Langford Garden Richmond Town, Bengaluru, Karnataka, India – 560025.
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