About Veeyes Rai Estates Private Limited
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Veeyes Rai Estates Private Limited is a private limited company based in Mysore, Karnataka, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70109KA2019PTC121182.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹20 Lakh. It is led by directors Prarthana Subramanya Rai and Pranaam Subrahmanya Rai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at # 10 New Sayyaji Rao Road Bamboo Bazaar, Mysore, Karnataka, India – 570021.
As per the financials filed for FY 2024, the company reported a revenue of ₹38.68 Cr, a growth of 117% compared to the previous year. For the same year it recorded a net profit of ₹1.33 Cr (net margin 3.4%) and EBITDA of ₹1.83 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 927% over three years.
The company is associated with 1 brand: Rai Estates.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website raiestates.in.
Company details
Contact details
Veeyes Rai Estates Private Limited's registered office is in Mysore, Karnataka. Its website is raiestates.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address# 10 New Sayyaji Rao Road Bamboo Bazaar, Mysore, Karnataka, India – 570021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Veeyes Rai Estates 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
Brands
Veeyes Rai Estates operates one associated brand: Rai Estates. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Rai Estates develops and sells residential plots in Mysuru and Mangaluru. | raiestates.in |
Business activity
The main business activity of Veeyes Rai Estates is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Veeyes Rai Estates Private Limited, buy the company report.
Financials of Veeyes Rai Estates Private Limited
FY 2024 filings availableVeeyes Rai Estates Private Limited reported revenue of ₹38.68 Cr (up 117% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 927% over three years, including 117% growth in the latest year. EBITDA rose 15% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹1.83 Cr | ||||
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| Net Profit (PAT) | ₹1.33 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 3.4% | ||||
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To see the full financial statements and ratios of Veeyes Rai Estates Private Limited, buy the company report.
Board of directors of Veeyes Rai Estates Private Limited
Veeyes Rai Estates has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prarthana Subramanya Rai | Director | 07 Feb 2019 | 7 Years 9 Months | Current |
| Pranaam Subrahmanya Rai | Director | 07 Feb 2019 | 7 Years 9 Months | Current |
Auditor
Veeyes Rai Estates Private Limited is audited by SURENDRA HEGDE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURENDRA HEGDE & CO | FY 2023 | 029691 |
Shareholding
The shareholding of Veeyes Rai Estates Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Veeyes Rai Estates Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Veeyes Rai Estates 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 Veeyes Rai Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Veeyes Rai Estates Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Veeyes Rai Estates Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Pranaam Subrahmanya Rai was appointed as Director on 07 Feb 2019.
Frequently asked questions
Veeyes Rai Estates is an active private limited company based in Mysore, Karnataka, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 February 2019 (7+ years old) and is registered under CIN U70109KA2019PTC121182.
Veeyes Rai Estates has 2 current directors:
- Prarthana Subramanya Rai - Director
- Pranaam Subrahmanya Rai - Director
The latest financial statements of Veeyes Rai Estates on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Veeyes Rai Estates is U70109KA2019PTC121182. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Veeyes Rai Estates was incorporated on 07 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Pranaam Subrahmanya Rai was appointed as Director on 07 Feb 2019. Prarthana Subramanya Rai was appointed as Director on 07 Feb 2019.
Veeyes Rai Estates can be reached through the website raiestates.in. Its registered office is in Mysore, Karnataka, India.
The registered office of Veeyes Rai Estates is at # 10 New Sayyaji Rao Road Bamboo Bazaar, Mysore, Karnataka, India – 570021.
Veeyes Rai Estates operates in the real estate and construction industry, in the real estate builders and developers segment.
The compliance status of Veeyes Rai Estates is compliant as of 22 August 2026. The company is actively filing with the Registrar of Companies.
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