Squadron Developers Limited
About Squadron Developers Limited
Data last updated:
Squadron Developers Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Embassy Real Estate Developments And Services Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 March 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70100KA2022PLC158620. Its GSTIN is 29ABICS0040G1ZI (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Squadron Developers Private Limited. It is led by directors including Rajesh Narayanan Kaimal and Narayana Raghavendra.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14th Floor Pinnacle Tower Embassy One 8 Bellary Road Ganganagar, Bangalore, Karnataka, India – 560032.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.86 Cr, a decline of 66% compared to the previous year. For the same year it recorded a net loss of ₹1.81 Cr (net margin -97%) and EBITDA of -₹1.81 Cr (EBITDA margin -97%).
As per MCA filings, the company has open charges of ₹1,370 Cr and satisfied charges of ₹320 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Squadron Developers has one previous CIN (Corporate Identification Number): U70100KA2022PTC158620. The current CIN is U70100KA2022PLC158620, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70100KA2022PLC158620 | Current |
| U70100KA2022PTC158620 | Previous |
Contact details
Squadron Developers Limited's registered office is in Bangalore, Karnataka.
- Registered Address14th Floor Pinnacle Tower Embassy One 8 Bellary Road Ganganagar, Bangalore, Karnataka, India – 560032
- 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
Financials of Squadron Developers Limited
FY 2025 filings availableSquadron Developers Limited reported revenue of ₹1.86 Cr (down 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 66% in the latest year. EBITDA fell 169% 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 |
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| EBITDA | -₹1.81 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.81 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -97% | |||
| Net Profit Margin | -97% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Squadron Developers Limited, buy the company report.
Board of directors of Squadron Developers Limited
Squadron Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Narayanan Kaimal Also directs: Saltire Estate and Resorts LLP, Alara Properties LLP, Embassy Developments Limited and 5 more | Director | 07 Mar 2022 | 4 Years 7 Months | Current |
| Narayana Raghavendra Also directs: N.K.Developers Private Limited, Elevation Aviation Ifsc Private Limited, Semusi Developers Private Limited and 5 more | Director | 26 Jun 2025 | 1 Years 3 Months | Current |
| Swarna Ramesh Malharikar Also directs: Embassy One Developers Limited, Upscarf Salon De Elegance LLP, Embassy Realty Ventures Limited and 5 more | Director | 26 Jun 2025 | 1 Years 3 Months | Current |
Peer comparison
Squadron Developers Limited is compared with the 10 companies closest to it by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arora and Associates Buildwell Private Limited | ₹1.86 Cr (FY 2024) | 5233550.0% | New Delhi, Delhi, India | |||
| A.S. Build-Corporate Private Limited | ₹1.86 Cr (FY 2024) | 140.0% | Bhiwadi, Rajasthan, India | |||
| Mahakram Developers Private Limited | ₹1.86 Cr (FY 2023) | 93.0% | Gurgaon, Haryana, India | |||
| Nandana Construction and Real Estate Private Limited | ₹1.86 Cr (FY 2024) | 26.0% | Udupi, Karnataka, India | |||
| Silver Heritage Nivas Private Limited | ₹1.86 Cr (FY 2025) | -45.0% | Shikohabad, Uttar Pradesh, India | |||
| Squadron Developers Limitedthis company | ₹1.86 Cr (FY 2025) | -₹1.81 Cr | -97% | -66.0% | Bangalore, Karnataka, India | |
| Chawla Inter-Bild Construction Co Pvt Ltd | ₹1.86 Cr (FY 2017) | -46.0% | Mumbai, Maharashtra, India | |||
| BMR Projects Limited | ₹1.86 Cr (FY 2025) | -69.0% | Hyderabad, Telangana, India | |||
| R M C Infraprojects Private Limited | ₹1.86 Cr (FY 2025) | -84.0% | New Delhi, Delhi, India | |||
| Kva Infrazone Private Limited | ₹1.86 Cr (FY 2024) | 130.0% | Lucknow, Uttar Pradesh, India | |||
| Patron First Choice Developers Private Limited | ₹1.86 Cr (FY 2025) | Chennai, Tamil Nadu, India |
To see the full peer comparison of Squadron Developers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2025 | 101158324 | Others | ₹720 Cr | Open | |
| 17 Sep 2025 | 101158430 | Others | ₹650 Cr | Open | |
| 24 Mar 2023 | 100691025 | Others | ₹320 Cr | Satisfied |
To see the full charge records of Squadron Developers Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Squadron Developers Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Squadron Developers 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
Squadron Developers Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hra & Co |
To see the full MSME payment records of Squadron Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Squadron Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABICS0040G1ZI | Karnataka | Active | 07 Nov 2024 |
To see the full GST registrations and return filing status of Squadron Developers Limited, buy the company report.
Recent activity
Squadron Developers Limited has 6 board changes on record since 2022: 3 appointments and 3 cessations. The latest: Narayana Raghavendra ceased to be Additional Director on 24 Sep 2025.
2 earlier events are in the company report.
Frequently asked questions
Squadron Developers is an active public 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 07 March 2022 (4+ years old) and is registered under CIN U70100KA2022PLC158620.
Squadron Developers has 3 current directors:
- Rajesh Narayanan Kaimal - Director
- Narayana Raghavendra - Director
- Swarna Ramesh Malharikar - Director
The latest financial statements of Squadron Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Squadron Developers is 29ABICS0040G1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Squadron Developers is U70100KA2022PLC158620. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Squadron Developers has 2 court cases on record: 2 filed against it. 1 is pending. Most are in the district courts.
Squadron Developers was incorporated on 07 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Squadron Developers by revenue are Arora and Associates Buildwell Private Limited, A.S. Build-Corporate Private Limited, Mahakram Developers Private Limited, Nandana Construction and Real Estate Private Limited, Silver Heritage Nivas Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Narayana Raghavendra ceased to be Additional Director on 24 Sep 2025. Swarna Ramesh Malharikar ceased to be Additional Director on 24 Sep 2025. Narayana Raghavendra was appointed as Director on 26 Jun 2025. Squadron Developers has 6 board changes on record in total.
Squadron Developers has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.
The registered office of Squadron Developers is at 14th Floor Pinnacle Tower Embassy One 8 Bellary Road Ganganagar, Bangalore, Karnataka, India – 560032.
Squadron Developers operates in the real estate and construction industry, in the real estate builders and developers segment.