MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0001444
Virginia Developers Private Limited - real estate and construction in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.59 Cr
▼ 22% YoY
Net loss · FY 2025
₹1.48 Cr
Net margin -92.8%
EBITDA · FY 2025
-₹1.47 Cr
EBITDA margin -92.5%
Authorised capital
₹9.69 Cr
Registered with MCA
Paid-up capital
₹9.09 Cr
Issued & subscribed
Open charges
₹306.15 Cr
Satisfied ₹89.9 Cr
Company age
16 yrs
Est. 2010
Directors on board
3
As per MCA filings
About Virginia Developers Private Limited
Data last updated:
Virginia 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 29 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70102KA2010PTC056046. Its GSTIN is 29AADCV4708N1ZS (Karnataka).
The company has an authorised share capital of ₹9.69 Cr and a paid-up capital of ₹9.09 Cr. It is led by directors including Lakshmanakumar (Director Appointed In Casual Vacancy) and Banu Ramaswamy.
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 2981 4th Floor 12th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560008.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.59 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net loss of ₹1.48 Cr (net margin -92.8%) and EBITDA of -₹1.47 Cr (EBITDA margin -92.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹306.15 Cr and satisfied charges of ₹89.9 Cr on record. Court records list 33 cases involving the company, including 12 filed by the company and 21 filed against it; 14 cases are pending.
Virginia Developers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0001444). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website virginiamalls.in.
Company details
CIN U70102KA2010PTC056046
Registration Number 056046
Incorporation Date 29 November 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0001444
Key People
Lakshmanakumar Director Appointed In Casual Vacancy Banu Ramaswamy Director Rajiv Director Recognitions & Rankings of Virginia Developers
Contact details
Virginia Developers Private Limited's registered office is in Bangalore, Karnataka. Its website is virginiamalls.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2981 4th Floor 12th Main Hal 2nd Stage Indiranagar, Bangalore, Karnataka, India – 560008
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Virginia Developers Private Limited, buy the company report.
Comprehensive company report
Virginia Developers Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Virginia Developers is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Virginia Developers Private Limited, buy the company report.
Financials of Virginia Developers Private Limited
FY 2025 filings availableVirginia Developers Private Limited reported revenue of ₹1.59 Cr (down 22% YoY) for FY 2025.
Revenue · FY 2025
₹1.59 Cr ▼ 22%
Net loss · FY 2025
₹1.48 Cr margin -92.8%
EBITDA · FY 2025
-₹1.47 Cr margin -92.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 22%
3 years · compounded
▲ 13%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 16%
5 years · compounded
▼ 35%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 22% fall 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.47 Cr | ||||
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| Net Profit (PAT) | -₹1.48 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -92.5% | ||||
| Net Profit Margin | -92.8% | ||||
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To see the full financial statements and ratios of Virginia Developers Private Limited, buy the company report.
Board of directors of Virginia Developers Private Limited
Virginia Developers has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lakshmanakumar Also directs: Dbr's Realty Dream Private Limited, Dbr's Infra Project Private Limited, Dbr's Trade India Private Limited and 1 more | Director Appointed In Casual Vacancy | 15 Nov 2011 | 14 Years 11 Months | Current |
| Banu Ramaswamy | Director | 29 Nov 2010 | 15 Years 10 Months | Current |
| Rajiv | Director | 29 Nov 2010 | 15 Years 10 Months | Current |
Auditor
Virginia Developers Private Limited is audited by MANNAM & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANNAM & ASSOCIATES | FY 2021 | 007917S |
Shareholding
The shareholding of Virginia Developers Private Limited is on record for 4 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 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Virginia Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹306.15 Cr
Satisfied charges
₹89.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2020 | 100317152 | Others | ₹11.5 Cr | Open | |
| 23 Jan 2020 | 100317154 | Others | ₹43 Cr | Open | |
| 21 Mar 2019 | 100267061 | Others | ₹23.5 Cr | Open | |
| 20 Mar 2018 | 100173415 | Others | ₹15.65 Cr | Open | |
| 19 Dec 2016 | 100070181 | Others | ₹30 Cr | Open |
To see the full charge records of Virginia Developers Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Virginia Developers Private Limited has 33 court cases on record: 12 filed by Virginia Developers, 21 filed against it. 14 cases are pending and 19 are disposed.
Total cases
33
Filed by the company
12
Filed against the company
21
Pending
14
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 12 | 12 |
| District courts | 14 | 7 | 2 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (RP) | Filed by the company against Karnataka Road Development Corporation Limited, and 1 other | Pending |
| High Court of Karnataka | Court case (MFA) | Filed against the company by Bank of Baroda | Pending |
| High Court, KARNATAKA | Arbitration matter | Filed against the company by M/S Paradise Food Court Pvt Ltd., | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against M/S Bank of Baroda | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by The Bank of Baroda Limited | Disposed |
To see the full case history of Virginia Developers 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.
Credit ratings & regulatory alerts
Virginia Developers Private Limited was last rated by Icra on 30 Oct 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Oct 2018 |
To see the full credit ratings and regulatory alerts of Virginia Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Virginia Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Virginia Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCV4708N1ZS | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Virginia Developers Private Limited, buy the company report.
Recent activity
Virginia Developers Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Anupama Dhiren ceased to be Company Secretary on 12 Jun 2021.
AGM
Virginia Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Virginia Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Anupama Dhiren ceased to be Company Secretary.
Charges
A charge with Others amounted to Rs. 11.50 Cr with Charge ID 100317152 was registered on 23 Jan 2020.
Charges
A charge with Others amounted to Rs. 43.00 Cr with Charge ID 100317154 was registered on 23 Jan 2020.
Charges
A charge with Others amounted to Rs. 23.50 Cr with Charge ID 100267061 was registered on 21 Mar 2019.
Charges
A charge with Others amounted to Rs. 15.65 Cr with Charge ID 100173415 was registered on 20 Mar 2018.
Charges
A charge with Others amounted to Rs. 30.00 Cr with Charge ID 100070181 was registered on 19 Dec 2016.
Charges
A charge with Vijaya Bank amounted to Rs. 25.50 Cr with Charge ID 10624435 was registered on 10 Feb 2016.
Charges
A charge registered on 13 Dec 2013 via Charge ID 10469080 with Vijaya Bank was fully satisfied on 13 Jan 2016.
Charges
A charge registered on 24 May 2012 via Charge ID 10359176 with Vijaya Bank was fully satisfied on 13 Jan 2016.
Charges
A charge registered on 11 Aug 2011 via Charge ID 10306054 with Vijaya Bank was fully satisfied on 13 Jan 2016.
12 earlier events are in the company report.
Frequently asked questions
Virginia 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 29 November 2010 (16+ years old) and is registered under CIN U70102KA2010PTC056046.
Virginia Developers has 3 current directors:
- Lakshmanakumar - Director Appointed In Casual Vacancy
- Banu Ramaswamy - Director
- Rajiv - Director
The latest financial statements of Virginia Developers 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 2015 are in the company report.
The GSTIN of Virginia Developers is 29AADCV4708N1ZS, registered in Karnataka.
The CIN (Corporate Identification Number) of Virginia Developers is U70102KA2010PTC056046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Virginia Developers has 33 court cases on record: 12 filed by the company and 21 filed against it. 14 are pending. Most are in the high courts.
Virginia Developers was incorporated on 29 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Anupama Dhiren ceased to be Company Secretary on 12 Jun 2021. Lakshmanakumar was appointed as Director Appointed In Casual Vacancy on 15 Nov 2011. Rajiv ceased to be Director on 15 Nov 2011. Virginia Developers has 5 board changes on record in total.
Yes, Virginia Developers is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0001444).
Virginia Developers can be reached through the website virginiamalls.in. Its registered office is in Bangalore, Karnataka, India.