Starling Associates Private Limited
About Starling Associates Private Limited
Data last updated:
Starling Associates Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 26 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U45203MP2016PTC041539. Its GSTIN is 23AAXCS6251M1ZN (Madhya Pradesh).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Smita Vijay Deshmukh and Anurag Bachale.
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 Flat No 203 Regency Shelter 32 – 33 Chandralok Colony Khajrana Road, Indore, Madhya Pradesh, India – 452016.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.74 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹61.9 Lakh (net margin 9.2%) and EBITDA of ₹86.86 Lakh (EBITDA margin 12.9%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹14.5 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Starling Associates Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered AddressFlat No 203 Regency Shelter 32 – 33 Chandralok Colony Khajrana Road, Indore, Madhya Pradesh, India – 452016
- IndustryInfrastructure and Utilities, General Construction Services
To see the full contact details of Starling Associates Private Limited, buy the company report.
- 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
Business activity
The main business activity of Starling Associates is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Starling Associates Private Limited, buy the company report.
Financials of Starling Associates Private Limited
FY 2025 filings availableStarling Associates Private Limited reported revenue of ₹6.74 Cr (down 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA fell 37% 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 |
|---|---|---|---|---|---|
| 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 | ₹86.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹61.9 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.9% | ||||
| Net Profit Margin | 9.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Starling Associates Private Limited, buy the company report.
Board of directors of Starling Associates Private Limited
Starling Associates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smita Vijay Deshmukh | Director | 26 Sep 2016 | 10 Years 1 Months | Current |
| Anurag Bachale | Director | 26 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
Starling Associates Private Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Construction Services), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Starling Associates Private Limitedthis company | ₹6.74 Cr (FY 2025) | ₹61.9 Lakh | 9.2% | -31.0% | Indore, Madhya Pradesh, India | |
| S.P Man Power and Construction India Private Limited | ₹6.74 Cr (FY 2025) | 32.0% | Hyderabad, Telangana, India | |||
| Pros Construction Private Limited | ₹6.74 Cr (FY 2025) | 45.0% | Patna, Bihar, India | |||
| Adroit Design India Private Limited | ₹6.73 Cr (FY 2025) | -55.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Starling Associates Private Limited, buy the company report.
Auditor
Starling Associates Private Limited is audited by MAYANK CHANDAK & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAYANK CHANDAK & ASSOCIATES | FY 2021 | 016689C |
Shareholding
The shareholding of Starling Associates Private Limited is on record for 3 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 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Starling Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2024 | 101003856 | Others | ₹8.5 Lakh | Open | |
| 24 Aug 2018 | 100234929 | State Bank of India | ₹6 Lakh | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Starling Associates Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Starling Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Starling Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAXCS6251M1ZN | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starling Associates Private Limited, buy the company report.
Recent activity
Starling Associates Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Anurag Bachale was appointed as Director on 26 Sep 2016.
Frequently asked questions
Starling Associates is an active private limited company based in Indore, Madhya Pradesh, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 26 September 2016 (10+ years old) and is registered under CIN U45203MP2016PTC041539.
Starling Associates has 2 current directors:
- Smita Vijay Deshmukh - Director
- Anurag Bachale - Director
The latest financial statements of Starling Associates 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 FY 2017 are in the company report.
The GSTIN of Starling Associates is 23AAXCS6251M1ZN, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Starling Associates is U45203MP2016PTC041539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starling Associates was incorporated on 26 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Starling Associates by revenue are S.P Man Power and Construction India Private Limited, Pros Construction Private Limited, Adroit Design India Private Limited, all in the Infrastructure industry (Construction Services), with the same principal business activity (demolition & site preparation, electrical, plumbing & other specialized construction activities).
Anurag Bachale was appointed as Director on 26 Sep 2016. Smita Vijay Deshmukh was appointed as Director on 26 Sep 2016.
The registered office of Starling Associates is at Flat No 203 Regency Shelter 32 – 33 Chandralok Colony Khajrana Road, Indore, Madhya Pradesh, India – 452016.
Starling Associates operates in the infrastructure and utilities industry, in the general construction services segment.
Starling Associates has open charges of ₹14.5 Lakh and no satisfied charges on record as per latest MCA filings.