About Sterling Developers Private Limited
Data last updated:
Sterling Developers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 March 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA1987PTC008245. Its GSTIN is 29AACCS0304G1ZR (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5.39 Lakh. It is led by directors including Gowri Shankar Sastri (Managing Director) and Venkat Ramani Sastri (Managing Director).
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Prestige Nebula Level 5 No.8 Cubbon Road Opp. Income Tax Office Building, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹172.63 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹22.11 Cr (net margin -12.8%) and EBITDA of ₹9.09 Cr (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 13% over five years.
The company has about 55 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Sterling Developers. As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹646 Cr on record. Court records list 42 cases involving the company, including 15 filed by the company and 13 filed against it; 9 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2012. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Orient Beverages Ltd with revenue of ₹173.36 Cr. The company has 10 MSME Form 1 returns on record between 2011 and 2024, listing 12 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sterlingdevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPrestige Nebula Level 5 No.8 Cubbon Road Opp. Income Tax Office Building, Bangalore, Karnataka, India – 560001
- 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 Sterling Developers Private Limited
The main business activity of Sterling Developers is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Sterling Developers Private Limited FY 2024 filings available
Sterling Developers Private Limited reported revenue of ₹172.63 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sterling Developers Private Limited
Revenue fell 49% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA fell 96% 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 Sterling Developers Private Limited
| 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 | ₹9.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹22.11 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 of Sterling Developers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.8% | •••• | •••• | •••• | •••• |
| 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 Sterling 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.
Peer Comparison of Sterling Developers Private Limited
Sterling Developers Private Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orient Beverages Ltd Listed | ₹173.36 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Kolkata, West Bengal, India |
| G M Infinite Dwelling (India) Private Limited | ₹173.34 Cr (FY 2021) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| M.G.Brothers Industries Private Limited | ₹173.11 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Ety Cly, Yemmiaganur, Kurnool, Andhra Pradesh, India |
| Alpha Corp Development Limited | ₹173.05 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Amritsar, Punjab, India |
| Bhoomi Shashwat Estate Private Limited | ₹172.84 Cr (FY 2025) | •••• | •••• | 194.0% | •••• | Mumbai, Maharashtra, India |
| Sterling Developers Private Limited this company | ₹172.63 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Bangalore, Karnataka, India |
| Twenty Five South Realty Limited | ₹172.47 Cr (FY 2025) | •••• | •••• | -79.0% | •••• | Mumbai, Maharashtra, India |
| Oxygen Business Park Private Limited | ₹172.38 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Noida, Uttar Pradesh, India |
| Shree Venkatesh Buildcon Private Limited | ₹172.28 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Pune, Maharashtra, India |
| Ramky Wavoo Developers Private Limited | ₹172.24 Cr (FY 2025) | •••• | •••• | 77.0% | •••• | Chennai, Tamil Nadu, India |
| Allam Infinite India Private Limited | ₹171.82 Cr (FY 2020) | •••• | •••• | 27402.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Sterling Developers by revenue in the Real Estate industry (Builders and Developers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sterling Developers Private Limited
Sterling Developers Private Limited is audited by B S VENKATACHALAPATHY & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S VENKATACHALAPATHY & 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 Sterling Developers Private Limited
Sterling Developers has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gowri Shankar Sastri | Managing Director | 18 Mar 1987 | 39 Years 6 Months | Current |
| Venkat Ramani Sastri | Managing Director | 18 Mar 1987 | 39 Years 6 Months | Current |
| Shweta Ramani Sastri Also directs: Sterling Gated Community Private Limited, Sterling Habitats Private Limited, Sterling Urban Ventures Private Limited and 1 more | Director | 02 Apr 2007 | 19 Years 6 Months | Current |
| Anjana Ramani Sastri | Director | 05 Oct 2020 | 6 Years 0 Months | Current |
Ownership and Shareholding of Sterling 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 Sterling Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2023 | Hdfc Bank Limited | ₹15 Lakh | Open |
| 09 Dec 2020 | Others | ₹75 Cr | Satisfied |
| 07 Oct 2019 | Others | ₹91 Cr | Satisfied |
| 07 Oct 2019 | Others | ₹101 Cr | Satisfied |
| 19 Feb 2018 | Others | ₹80 Cr | Satisfied |
Total charge records: 11 View all charges
Deals & Funding of Sterling Developers Private Limited
Sterling Developers Private Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2012.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sterling Developers Private Limited
Sterling Developers Private Limited has 42 court cases on record: 15 filed by Sterling Developers, 13 filed against it, 14 where it is another party. 9 cases are pending and 33 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 4 | 8 |
| High courts | 19 | 8 | 1 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by New Consolidated Construction Company Limited | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Urban Infrastructure Trustees Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Kotak Mahindra Prime Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Kotak Mahindra Prime Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Kotak Mahindra Prime Limited | Disposed |
Full case history
All 42 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.
MSME Payment Delays by Sterling Developers Private Limited
Sterling Developers Private Limited has 10 MSME Form 1 returns on record between 2011 and 2024, listing 12 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Buildstar Projects Private Limited | •••• | •••• | •••• |
| Tile Italia Mosaics Private Limited | •••• | •••• | •••• |
| Shahi Electricals | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 10 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Sterling Developers Private Limited
Sterling Developers operates one associated brand: Sterling Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential properties are developed in Bengaluru, India, since 1983. | sterlingdevelopers.com |
Employees and EPFO Compliance at Sterling Developers Private Limited
Sterling Developers Private Limited has a workforce of 55 employees as of Apr 09, 2024.
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.
Group Structure of Sterling Developers Private Limited
Sterling Developers has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sterling Urban Developments Private Limited | U07010KA2002PTC030626 | Locked |
| Sterling Gated Community Private Limited | U45201KA2007PTC042693 | Locked |
| Sterling Habitats Private Limited | U70100KA2015PTC080678 | Locked |
| Sterling Urban Ventures Private Limited | U70102KA2016PTC086159 | Locked |
Showing major subsidiaries. Total: 4.
News related to Sterling Developers Private Limited
Recent Activity on Sterling Developers Private Limited
Sterling Developers Private Limited has 6 board changes on record since 1987: 4 appointments and 2 cessations. The latest: Anjana Ramani Sastri ceased to be Additional Director on 30 Nov 2021.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sterling 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.
Subsidiaries & Group Companies of Sterling 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 Sterling Developers Private Limited
Sterling Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS0304G1ZR | 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 Sterling 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 Sterling Developers Private Limited
Sterling 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 18 March 1987 (39+ years old) and is registered under CIN U70102KA1987PTC008245.
Sterling Developers reported revenue of ₹172.63 Cr for FY 2025 (down 49% YoY).
Sterling Developers has 4 current directors:
- Gowri Shankar Sastri - Managing Director
- Venkat Ramani Sastri - Managing Director
- Shweta Ramani Sastri - Director
- Anjana Ramani Sastri - Director
Sterling Developers reported a net loss of ₹22.11 Cr (net margin -12.8%) and EBITDA of ₹9.09 Cr (EBITDA margin 5.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sterling Developers is 3% over three years and 13% over five years. In the latest year (FY 2025) revenue fell 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sterling Developers is 29AACCS0304G1ZR, registered in Karnataka.
The CIN (Corporate Identification Number) of Sterling Developers is U70102KA1987PTC008245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling Developers has 42 court cases on record: 15 filed by the company and 13 filed against it. 9 are pending. Most are in the district courts.
Sterling Developers was incorporated on 18 March 1987, making it 39+ years old. It is registered with the Registrar of Companies, Bangalore.
Sterling Developers has 1 deal on record (1 secondary share transfer); the latest was in December 2012.
The peers of Sterling Developers by revenue are Orient Beverages Ltd, G M Infinite Dwelling (India) Private Limited, M.G.Brothers Industries Private Limited, Alpha Corp Development Limited, Bhoomi Shashwat Estate Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).
Anjana Ramani Sastri ceased to be Additional Director on 30 Nov 2021. Anjana Ramani Sastri was appointed as Director on 05 Oct 2020. Gowri Shankar Sastri ceased to be Director on 01 Apr 2014. Sterling Developers has 6 board changes on record in total.