About Venkat Estates Private Limited
Data last updated:
Venkat Estates Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 11 June 2008.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA2008PTC046742. Its GSTIN is 29AADCV3618D1ZE (Karnataka).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors Praveena Devi Dugasani and Venkat Reddy Sogasani.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2020, the company reported a revenue of ₹9.49 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹36.48 Lakh (net margin 3.8%) and EBITDA of ₹2.28 Cr (EBITDA margin 24.1%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹14.6 Cr and satisfied charges of ₹14.6 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 12 filed against it; 5 cases are pending.
The last known website on record is venkatestates.com.
Company details
Contact details
Venkat Estates Private Limited's registered office is in Bangalore, Karnataka. Its website is venkatestates.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No.254 5th Floor Rajnigandha Block Garden Apts. Vittal Mallya Road Opp. U, B City, Bangalore, Karnataka, India – 560001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Venkat 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
Business activity
The main business activity of Venkat Estates is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Venkat Estates Private Limited, buy the company report.
Financials of Venkat Estates Private Limited
FY 2020 filings availableVenkat Estates Private Limited reported revenue of ₹9.49 Cr (down 45% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹9.49 Cr | ||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹2.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.48 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.1% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Venkat Estates Private Limited, buy the company report.
Board of directors of Venkat Estates Private Limited
Venkat Estates has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Praveena Devi Dugasani | Director | 11 Jun 2008 | 18 Years 4 Months | As last reported |
| Venkat Reddy Sogasani | Director | 11 Jun 2008 | 18 Years 4 Months | As last reported |
Peer comparison
Venkat Estates Private Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RVJ Trading Private Limited | ₹9.49 Cr (FY 2025) | 2709.0% | Mapusa Bardez, Goa, India | |||
| Grand Hills Developments Private Limited | ₹9.49 Cr (FY 2025) | 9449.0% | Bangalore, Karnataka, India | |||
| Panchwadkar Projects Private Limited | ₹9.49 Cr (FY 2021) | 11.0% | Pune, Maharashtra, India | |||
| Venkat Estates Private Limitedthis company | ₹9.49 Cr (FY 2020) | ₹36.48 Lakh | 3.8% | -45.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Venkat Estates Private Limited, buy the company report.
Auditor
Venkat Estates Private Limited is audited by NARAYAN BHAT & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NARAYAN BHAT & CO | FY 2020 | 005011S |
Shareholding
The shareholding of Venkat Estates Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Venkat Estates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 2016 | 10626975 | Others | ₹14.6 Cr | Satisfied |
To see the full charge records of Venkat Estates Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Venkat Estates Private Limited has 20 court cases on record: 8 filed by Venkat Estates, 12 filed against it. 5 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 7 | 3 |
| High courts | 9 | 5 | 2 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against First Futuristic Infra Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against First Futuristic Infra Pvt Ltd | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Appeal | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Venkat Estates Private 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
No delayed payments to MSME suppliers are on our record for Venkat Estates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Venkat Estates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV3618D1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venkat Estates Private Limited, buy the company report.
Recent activity
Venkat Estates Private Limited has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Vishnu Reddy Sogasani ceased to be Director on 29 Oct 2022.
Frequently asked questions
Venkat Estates is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Venkat Estates is a company under insolvency, formerly operating as a 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 11 June 2008 and is registered under CIN U70101KA2008PTC046742. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Venkat Estates has 2 current directors:
- Praveena Devi Dugasani - Director
- Venkat Reddy Sogasani - Director
The latest financial statements of Venkat Estates on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Venkat Estates is U70101KA2008PTC046742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venkat Estates has open charges of ₹14.6 Cr and satisfied charges of ₹14.6 Cr as per latest MCA filings.
Venkat Estates has 20 court cases on record: 8 filed by the company and 12 filed against it. 5 are pending. Most are in the district courts.
Venkat Estates was incorporated on 11 June 2008. It is registered with the Registrar of Companies, Bangalore.
The peers of Venkat Estates by revenue are RVJ Trading Private Limited, Grand Hills Developments Private Limited, Panchwadkar Projects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Vishnu Reddy Sogasani ceased to be Director on 29 Oct 2022. Praveena Devi Dugasani was appointed as Director on 11 Jun 2008. Venkat Reddy Sogasani was appointed as Director on 11 Jun 2008.
Venkat Estates can be reached through the website venkatestates.com. Its registered office is in Bangalore, Karnataka, India.