Sitara Developers Private Limited
About Sitara Developers Private Limited
Data last updated:
Sitara Developers Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Reddy Structures Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 14 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70109KA2012PTC065353. Its GSTIN is 29AASCS3260K1ZP (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Kumbala Bhagya Laxmi and Kumbala Praveen.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No. 133/1 2nd Floor The Residency Road, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.62 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹1.53 Lakh (net margin 0.2%) and EBITDA of ₹2.33 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 210% over five years.
As per MCA filings, the company has open charges of ₹11 Cr and satisfied charges of ₹60.3 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 6 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 133/1 2nd Floor The Residency Road, Bangalore, Karnataka, India – 560025
- 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
Business Activity of Sitara Developers Private Limited
The main business activity of Sitara Developers is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Sitara Developers Private Limited FY 2023 filings available
Sitara Developers Private Limited reported revenue of ₹9.62 Cr (down 48% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Sitara Developers Private Limited
Revenue fell 48% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 210%. EBITDA fell 86% 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 of Sitara 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.33 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.53 Lakh | •••• | •••• | •••• | •••• |
| 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 Sitara Developers Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Sitara 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 Sitara Developers Private Limited
Sitara Developers Private Limited is audited by Sogasani & Co for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sogasani & 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 Sitara Developers Private Limited
Sitara Developers has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumbala Bhagya Laxmi Also directs: Reddy Heights Limited Liability Partnership, Mahaveer Habitat LLP, Mahaveer Avenue LLP and 5 more | Director | 13 Jul 2015 | 11 Years 2 Months | Current |
| Kumbala Praveen Also directs: Reddy Heights Limited Liability Partnership, Mahaveer Habitat LLP, Mahaveer Avenue LLP and 5 more | Director | 19 Mar 2014 | 12 Years 6 Months | Current |
| Imran Khan | Additional Director | 21 Mar 2025 | 1 Years 6 Months | Current |
| Srinivasan Haribabu | Additional Director | 21 Mar 2025 | 1 Years 6 Months | Current |
Ownership and Shareholding of Sitara 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 Sitara Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jan 2025 | Others | ₹11 Cr | Open |
| 27 Apr 2022 | Others | ₹15.3 Cr | Satisfied |
| 13 Mar 2018 | Others | ₹45 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Sitara Developers Private Limited
Sitara Developers Private Limited has 11 court cases on record: 4 filed by Sitara Developers, 6 filed against it, 1 where it is another party. 4 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 6 | 1 |
| High courts | 3 | 0 | 3 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Deputy Commissioner of Commercial Taxes (Audit)1.1 | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Writ petition | Company is another party | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
Full case history
All 11 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 Sitara Developers Private Limited
Employment history and EPFO contributions of people linked to Sitara 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.
Recent Activity on Sitara Developers Private Limited
Sitara Developers Private Limited has 9 board changes on record since 2013: 4 appointments and 5 cessations. The latest: Imran Khan was appointed as Additional Director on 21 Mar 2025.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sitara 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 Sitara 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 Sitara 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 Sitara Developers Private Limited
Sitara Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AASCS3260K1ZP | Karnataka | Active | 01 Jul 2017 |
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 Sitara 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 Sitara Developers Private Limited
Sitara 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 14 August 2012 (14+ years old) and is registered under CIN U70109KA2012PTC065353.
Sitara Developers reported revenue of ₹9.62 Cr for FY 2023 (down 48% YoY).
Sitara Developers has 4 current directors:
- Kumbala Bhagya Laxmi - Director
- Kumbala Praveen - Director
- Imran Khan - Additional Director
- Srinivasan Haribabu - Additional Director
Sitara Developers reported a net profit of ₹1.53 Lakh (net margin 0.2%) and EBITDA of ₹2.33 Lakh (EBITDA margin 0.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sitara Developers is -25% over three years and 210% over five years. In the latest year (FY 2023) revenue fell 48%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sitara Developers is 29AASCS3260K1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Sitara Developers is U70109KA2012PTC065353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitara Developers has 11 court cases on record: 4 filed by the company and 6 filed against it. 4 are pending. Most are in the district courts.
Sitara Developers was incorporated on 14 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Imran Khan was appointed as Additional Director on 21 Mar 2025. Srinivasan Haribabu was appointed as Additional Director on 21 Mar 2025. Vinila Nelapati ceased to be Director on 01 Mar 2018. Sitara Developers has 9 board changes on record in total.