Sterling Developers Private Limited - Company Profile

It is a real estate and construction private limited company based in Bangalore, Karnataka, India, established in 1987.

1987 Bangalore, Karnataka, India Active

Last Updated: December 20, 2025

About Sterling Developers Private Limited

Sterling Developers Private Limited, a active private limited company, was established on 18 March 1987 in Bangalore, Karnataka, India. Engaging in real estate builders & developers within the construction sector, it holds CIN: U70102KA1987PTC008245. Registered under ROC Roc Bangalore. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹0.54 M.

It upholds a compliant status. Employing 55 professional, Its leadership includes Gowri Shankar Sastri (Managing Director), Venkat Ramani Sastri (Managing Director), Shweta Ramani Sastri (Director). Past directors included Gowri Shankar Sastri, Anjana Ramani Sastri. It holds ₹1.50 M open charges and ₹646.00 Cr settled loans. Its latest AGM occurred on 15 November 2024, with the balance sheet filed on 31 March 2024. It is based at Prestige Nebula, Level 5, No.8, Cubbon Road, Opp. Income Tax Office Building,, Bangalore, Karnataka, 560001.

Company Details

CIN/LLPIN
U70102KA1987PTC008245
Registration Number
008245
Incorporation Date
18 March 1987
Authorized Capital
₹5.00 Cr
Paid-Up Capital
₹0.54 M
ROC Code
Roc Bangalore
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 5.00 Cr as on 20-12-2025
Paid Up Capital ₹ 0.54 M as on 20-12-2025
Company Age 38 Year, 10 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 1.50 M as on 20-12-2025
Satisfied Charges ₹ 646.00 Cr as on 20-12-2025
Revenue Growth **** -88.68% (FY 2023)
Profit Growth **** -165.50% (FY 2023)
Ebitda **** 134.97% (FY 2023)
Net Worth -59.77% (FY 2023)
Total Assets -25.57% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Sterling Developers Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Sterling Developers Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Gowri Shankar Sastri	Managing Director	18 Mar 1987	Current
Venkat Ramani Sastri	Managing Director	18 Mar 1987	Current
Shweta Ramani Sastri	Director	02 Apr 2007	Current
Anjana Ramani Sastri	Director	05 Oct 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	01 Apr 2014	Past
Pramod Abcsdd	Additional Director	30 Nov 2021	Past

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Financial Performance of Sterling Developers.

Sterling Developers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 88.68% decrease. The company also saw a substantial fall in profitability, with a 165.5% decrease in profit. The company's net worth observed a substantial decline by a decrease of 59.77%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-88.68%

*******

Revenue from Operations

*******

Total Assets

*******

-25.57%

*******

Profit or Loss

*******

-165.50%

*******

Net Worth

*******

-59.77%

*******

EBITDA

*******

134.97%

*******

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What is the Ownership and Shareholding Structure of Sterling Developers?

In 2023, Sterling Developers had a promoter holding of 99.63% and a public holding of 0.37%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹1,500,000.00

Satisfied Charges

₹6,460,000,000.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 0.15 Cr

Latest Charge Details

Date	Lender	Amount	Status
27 Jul 2023	Hdfc Bank Limited	₹1.50 M	Open
09 Dec 2020	Others	₹75.00 Cr	Satisfied
07 Oct 2019	Others	₹91.00 Cr	Satisfied
07 Oct 2019	Others	₹101.00 Cr	Satisfied
19 Feb 2018	Others	₹80.00 Cr	Satisfied

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How Many Employees Work at Sterling Developers?

Sterling Developers has a workforce of 55 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Sterling Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sterling Developers's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Sterling Developers

Recent Activity within the Organization

Charges

The activity A charge registered on 09 Dec 2020 via Charge ID 100398739 with Others was fully satisfied on 19 Feb 2025. was completed.
19 Feb 2025
Annual General Meeting

The activity Sterling Developers Private Limited last Annual general meeting of members was held on 15 Nov 2024 as per latest MCA records. was completed.
15 Nov 2024
Charges

Progress on A charge registered on 19 Feb 2018 via Charge ID 100163450 with Others was fully satisfied on 02 May 2024. was documented.
02 May 2024
Charges

Progress on A charge registered on 19 Feb 2018 via Charge ID 100163452 with Others was fully satisfied on 02 May 2024. was documented.
02 May 2024
Balance Sheet

The activity Sterling Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore. was completed.
31 Mar 2024
Charges

A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100915540 was registered on 27 Jul 2023. was recorded as a recent event.
27 Jul 2023

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