Cornerstone Properties Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 19.32 Cr
- Company Age 21 Year, 27 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2,168.15 Cr
- Satisfied Charges ₹ 381.87 Cr
- Revenue Growth -69.56%
- Profit Growth -198.53%
- Ebitda -100.50%
- Net Worth -135.47%
- Total Assets 9.16%
About Cornerstone Properties
Cornerstone Properties Private Limited (CPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 03 March 2004 and has a history of 21 years. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Real Estate And Construction Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 19.32 Cr.
The company currently has active open charges totaling ₹2,168.15 Cr. The company has closed loans amounting to ₹381.87 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Cornerstone Properties Private Limited India is Tirumala Rao as COMPANY SECRETARY. Byappanahalli Babu and Kumudha Kumarbabu serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U07010KA2004PTC033504
- Company No.
033504
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
03 Mar 2004
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Real Estate and Construction
What products or services does Cornerstone Properties Private Limited offer?
Cornerstone Properties Private Limited offers a wide range of products and services, including Building & Real Estate Developers, Commercial Construction Service.
Who are the key members and board of directors at Cornerstone Properties?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Tirumala Rao | Company Secretary | 08-Jul-2024 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Byappanahalli Babu  | Director | 03-Mar-2004 | Current |
| Kumudha Kumarbabu | Director | 24-Jan-2005 | Current |
Financial Performance of Cornerstone Properties.
Cornerstone Properties Private Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 69.56% decrease. The company also saw a substantial fall in profitability, with a 198.53% decrease in profit. The company's net worth observed a substantial decline by a decrease of 135.47%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Cornerstone Properties?
In 2021, Cornerstone Properties had a promoter holding of 100.00%. The company had 4 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Carnelia Realestate Holding Private LimitedByappanahalli Babu is a mutual person
Vishwa Samudra Estate And Projects Private LimitedByappanahalli Babu is a mutual person
- Chrysolite Property Developments Private Limited
Byappanahalli Babu and Kumudha Kumarbabu are mutual person
- Cornerstone Property Developers Private Limited
Byappanahalli Babu and Kumudha Kumarbabu are mutual person
- Cornerstone Sports And Amusement Park Private Limited
Byappanahalli Babu and Kumudha Kumarbabu are mutual person
- Cornerstone Shelters Private Limited
Byappanahalli Babu and Kumudha Kumarbabu are mutual person
Charges (Loans)
Open Charges
₹2,168.15 Cr
Satisfied Charges
₹381.87 Cr
Charges Breakdown by Lending Institutions
- Others : 2060.00 Cr
- Lakshmi Vilas Bank Limited : 105.00 Cr
- Reliance Capital Ltd : 3.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2020 | Others | ₹150.00 Cr | Open |
| 30 Aug 2018 | Others | ₹650.00 Cr | Open |
| 30 Aug 2018 | Others | ₹775.00 Cr | Open |
| 30 Jun 2017 | Others | ₹485.00 Cr | Open |
| 29 Sep 2016 | Lakshmi Vilas Bank Limited | ₹105.00 Cr | Open |
How Many Employees Work at Cornerstone Properties?
Cornerstone Properties has a workforce of 40 employees as of Apr 05, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Cornerstone Properties, 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 Cornerstone Properties's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
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.
Latest Updates, News, and FAQs on Cornerstone Properties
Recent activity within the organization
- Director Appointment
Tirumala Rajagopala Rao was appointed as a Company Secretary was appointed as a Company Secretary on 08 Jul 2024 & has been associated with this company since 8 months 22 days .
- Charges
A charge registered on 29 May 2012 via Charge ID 10361900 with Others was fully satisfied on 22 Jan 2024.
- Annual General Meeting
Cornerstone Properties Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Balance Sheet
Cornerstone Properties Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.
- Charges
A charge registered on 17 Sep 2016 via Charge ID 100061380 with Others was fully satisfied on 13 Mar 2023.
- Charges
A charge registered on 16 Jun 2016 via Charge ID 100055944 with Others was fully satisfied on 08 Mar 2023.
Recent News, Updates & Announcement
Brigade Announces the Pre-launch of Brigade Cornerstone Utopia Phase 1 in Whitefield, Bangalore./PRNewswire/ -- Brigade, one of India's leading developers headquartered in Bangalore, today announced the launch of Brigade Cornerstone Utopia, an....
Frequently asked questions
What is the Incorporation or founding date of Cornerstone Properties Private Limited?
Cornerstone Properties Private Limited was incorporated on 03 Mar 2004.
What is authorized share capital and paid-up capital of Cornerstone Properties Private Limited?
The authorized share capital of Cornerstone Properties Private Limited is ₹ 25.00 Cr and paid-up capital is ₹ 19.32 Cr.
Who are the current board members & directors of Cornerstone Properties Private Limited?
Currently 3 directors are associated with Cornerstone Properties Private Limited.
- Byappanahalli Prabhakara Reddy Kumar Babu
- Kumudha Kumarbabu
- Tirumala Rajagopala Rao
What is the registered address of Cornerstone Properties Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Cornerstone Properties Private Limited is 583 1St Cross 9Th Main Off Cmh Road Stage, Indiranagar India, Bengaluru, Karnataka, 560038.
What is the corporate identification number (CIN) and company number of Cornerstone Properties Private Limited?
The corporate identification number (CIN) of Cornerstone Properties Private Limited is U07010KA2004PTC033504 and the company number is 033504 as per Ministry of Corporate Affairs (MCA).
What is the official website of Cornerstone Properties Private Limited?
The Official website of Cornerstone Properties Private Limited is https://www.cornerstoneindia.in
What has been the recent revenue trend for Cornerstone Properties Private Limited?
According to the financial reports for the fiscal year 2019, the revenue trend for Cornerstone Properties Private Limited has fallen by -69.56%.
How many employees does Cornerstone Properties Private Limited currently have?
As Per 2019 financial reports, 40 employees are currently employed by Cornerstone Properties Private Limited.
What change has been observed in the net worth of Cornerstone Properties Private Limited, and by what percentage?
The financial reports for the fiscal year 2019 indicates that The net worth of Cornerstone Properties Private Limited has experienced an downturn of -135.47%.
What are the total open charges for Cornerstone Properties Private Limited?
As per the financial statements for fiscal Year 2019, The total open charges for Cornerstone Properties Private Limited amount to ₹ 2,168.15 Cr.
When was the last Balance Sheet of Cornerstone Properties Private Limited filed with the ROC?
The most recent Balance Sheet for Cornerstone Properties Private Limited was filed with the ROC on 31 Mar 2023.
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