SPL Palms Developers Private Limited

SPL Palms Developers Private Limited - real estate and construction in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN U70100KA2013PTC068447 Incorporated 05 April 2013 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Private Limited Company real estate and construction MSME · Micro
Data last updated
Revenue · FY 2025
₹48.24 Lakh
▲ 120% YoY
Net loss · FY 2025
₹4.92 Cr
Latest filing
EBITDA · FY 2025
₹7.07 Cr
Latest filing
Authorised capital
₹2 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹200 Cr
Satisfied ₹153 Cr
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings

About SPL Palms Developers Private Limited

Data last updated:

SPL Palms Developers Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Shriprop Builders Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 April 2013 and has been in existence for over 13 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2013PTC068447. Its GSTIN is 29AASCS9362A2ZU (Karnataka). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Suvilas Realities Private Limited. It is led by directors including Gopalakrishnan Jagadeeswaran and Rajesh Yashwant Shirwatkar.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shriram House No. 31 2nd Main Road T.Chowdaiah Road Sadashivnagar, Bengaluru, Karnataka, India – 560080.

As per the financials filed for FY 2025, the company reported a revenue of ₹48.24 Lakh, a growth of 120% compared to the previous year. For the same year it recorded a net loss of ₹4.92 Cr and EBITDA of ₹7.07 Cr. Revenue has grown at a compounded annual rate (CAGR) of 684% over three years.

As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹153 Cr on record. Court records list 10 cases involving the company, including 3 filed by the company and 7 filed against it; 4 cases are pending. The company has 3 deals on record (2 debt financings, 1 acquisition), with disclosed funding of ₹68 Cr; the latest was in November 2022. The company has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 56 overdue payments to 13 micro and small suppliers.

SPL Palms Developers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0124193). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shriramproperties.com.

Company details

CIN U70100KA2013PTC068447
Registration Number 068447
Incorporation Date 05 April 2013
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Shriprop Builders Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0124193
Key People
Gopalakrishnan Jagadeeswaran Director Rajesh Yashwant Shirwatkar Additional Director Ravindra Kumar Pandey Additional Director

Recognitions & Rankings of SPL Palms Developers

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0124193

Contact details

SPL Palms Developers Private Limited's registered office is in Bengaluru, Karnataka. Its website is shriramproperties.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    shriramproperties.com
  • Registered Address
    Shriram House No. 31 2nd Main Road T.Chowdaiah Road Sadashivnagar, Bengaluru, Karnataka, India – 560080
  • Industry
    Real Estate and Construction, Real Estate Builders & Developers

To see the full contact details of SPL Palms Developers Private Limited, buy the company report.

Comprehensive company report
SPL Palms Developers 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Business activity

The main business activity of SPL Palms Developers is construction. In detail, this covers buildings.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
FConstructionF1Buildings

Financials of SPL Palms Developers Private Limited

FY 2025 filings available

SPL Palms Developers Private Limited reported revenue of ₹48.24 Lakh (up 120% YoY) for FY 2025.

Revenue · FY 2025
₹48.24 Lakh ▲ 120%
Net loss · FY 2025
₹4.92 Cr
EBITDA · FY 2025
₹7.07 Cr

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 120%
3 years · compounded
▲ 684%
EBITDA CAGR growth
1 year
▲ 115%
3 years · compounded
▼ 14%

Revenue has grown at a compounded annual rate (CAGR) of 684% over three years, including 120% growth in the latest year. EBITDA rose 115% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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₹7.07 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹4.92 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
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

To see the full financial statements and ratios of SPL Palms Developers Private Limited, buy the company report.

Board of directors of SPL Palms Developers Private Limited

SPL Palms Developers has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Gopalakrishnan Jagadeeswaran
Also directs: Brainbees Solutions Limited, SPL Realtors Private Limited, Shriprop Structures Private Limited and 5 more
Director25 Nov 20223 Years 11 MonthsCurrent
Rajesh Yashwant Shirwatkar
Also directs: Shriprop Structures Private Limited, Shrivision Homes Private Limited, Shriprop Developers Private Limited and 5 more
Additional Director11 Aug 20251 Years 2 MonthsCurrent
Ravindra Kumar Pandey
Also directs: SPL Realtors Private Limited, Shriprop Structures Private Limited, Shrivision Homes Private Limited and 5 more
Additional Director11 Aug 20251 Years 2 MonthsCurrent
View all directors

Auditor

SPL Palms Developers Private Limited is audited by V G G C And Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
V G G C And AssociatesFY 20230248685

Shareholding

The shareholding of SPL Palms Developers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of SPL Palms Developers Private Limited, buy the company report.

Charges & borrowings

Open charges
₹200 Cr
Satisfied charges
₹153 Cr
Breakdown by lending institutions
Tata Capital Housing Finance Limited₹200.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jan 2024100872563Tata Capital Housing Finance Limited₹60 CrOpen
24 Feb 2023100684701Tata Capital Housing Finance Limited₹140 CrOpen
03 Sep 2019100293314Idbi Trusteeship Services Limited₹100 CrSatisfied
07 Aug 2018100197331Others₹53 CrSatisfied

To see the full charge records of SPL Palms Developers Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

SPL Palms Developers Private Limited has 3 deals on record (2 debt financings, 1 acquisition), with disclosed funding of ₹68 Cr; the latest was in November 2022.

Total deals
3
Debt financings
2
Acquisition
1
Disclosed funding
₹68 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Nov 2022Acquisition₹30 CrBuyer: Shriprop Builders Private Limited
May 2020Debt financing₹17 CrInvestors: 360 ONE (IIFL Asset Management)
Aug 2019Debt financing₹51 CrInvestors: 360 ONE (IIFL Asset Management)

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

SPL Palms Developers Private Limited has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 56 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 13)

SupplierAmount dueDue sinceReported on
Amplify Integrated Brand Solutions
4Am Worldwide Advertising Private Limited
an individual supplier
an individual supplier
Focuzar Solutions Private Limited

To see the full MSME payment records of SPL Palms Developers Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

SPL Palms Developers has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
29AASCS9362A2ZUKarnatakaActive20 Feb 2023

To see the full GST registrations and return filing status of SPL Palms Developers Private Limited, buy the company report.

Recent activity

SPL Palms Developers Private Limited has 10 board changes on record since 2022: 5 appointments and 5 cessations. The latest: Rajesh Yashwant Shirwatkar was appointed as Additional Director on 11 Aug 2025.

AGM
Spl Palms Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Rajesh Yashwant Shirwatkar was appointed as Additional Director.
Appointed
Ravindra Kumar Pandey was appointed as Additional Director.
Filing
Spl Palms Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 6,000.00 Lakh with Charge ID 100872563 was registered on 29 Jan 2024.
Ceased
Ganesh Vembu ceased to be Additional Director.
Ceased
Gopalakrishnan Jagadeeswaran ceased to be Additional Director.
Ceased
Narasimhamurthy Nagendra ceased to be Additional Director.
Charges
A charge registered on 03 Sep 2019 via Charge ID 100293314 with Idbi Trusteeship Services Limited was fully satisfied on 20 Mar 2023.
Charges
A charge with Tata Capital Housing Finance Limited amounted to Rs. 14,000.00 Lakh with Charge ID 100684701 was registered on 24 Feb 2023.
Appointed
Ganesh Vembu was appointed as Director.
Appointed
Gopalakrishnan Jagadeeswaran was appointed as Director.

8 earlier events are in the company report.

Frequently asked questions

SPL Palms Developers 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 05 April 2013 (13+ years old) and is registered under CIN U70100KA2013PTC068447.

SPL Palms Developers has 3 current directors:

The latest financial statements of SPL Palms Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of SPL Palms Developers is 29AASCS9362A2ZU, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of SPL Palms Developers is U70100KA2013PTC068447. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

SPL Palms Developers has 10 court cases on record: 3 filed by the company and 7 filed against it. 4 are pending. Most are in the high courts.

SPL Palms Developers was incorporated on 05 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Bangalore.

SPL Palms Developers has 3 deals on record (2 debt financings, 1 acquisition), with disclosed funding of ₹68 Cr; the latest was in November 2022.

Rajesh Yashwant Shirwatkar was appointed as Additional Director on 11 Aug 2025. Ravindra Kumar Pandey was appointed as Additional Director on 11 Aug 2025. Ganesh Vembu ceased to be Additional Director on 29 Sep 2023. SPL Palms Developers has 10 board changes on record in total.

Yes, SPL Palms Developers is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0124193).

SPL Palms Developers has 4 MSME Form 1 returns on record for the period ending Sep 2023, listing 56 overdue payments to 13 micro and small suppliers. The latest return was filed on 22 Nov 2023.