Karnataka Bhovi Development Corporation

Supporting financial and social development for the scheduled Bhovi community in Karnataka.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated: December 27, 2024

Karnataka Bhovi Development Corporation Profile

Key Indicators

  • Authorised Capital ₹ 1.00 M
  • Paid Up Capital ₹ 0.10 M
  • Company Age 8 Year, 8 Months
  • Last Filing with ROC 31 Mar 2021
  • Revenue Growth -25.42%
  • Profit Growth -40.75%
  • Ebitda -14.80%
  • Net Worth -58.83%
  • Total Assets -3.41%

About Karnataka Bhovi Development Corporation

Karnataka Bhovi Development Corporation (KBDC) is a Private Not For Profit Company incorporated in India on 26 May 2016 (Eight years and eight months 28 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2021. It's a company limited by shares with an authorized capital of Rs 1.00 M and a paid-up capital of Rs 0.10 M, as per Ministry of Corporate Affairs (MCA) records.

Ramachandpura Peddappaiah, Doddabalapur Kumar, Chikkasubbanna Hemalatha, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    kbdc.karnataka.gov.in

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    U74999KA2016NPL093608

  • Company No.

    093608

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    26 May 2016

  • Date of AGM

    29 Dec 2023

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at Karnataka Bhovi Development Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Allamaprabhu Galagali Country flag representing In Managing Director08-Jan-2020Current
Umlanaik Chandranaik Country flag representing In Managing Director31-Jul-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Ramachandpura Peddappaiah Country flag representing In Nominee Director 14-May-2020Current
Doddabalapur Kumar Country flag representing In Nominee Director 30-Nov-2018Current
Chikkasubbanna Hemalatha Country flag representing In Nominee Director 14-May-2020Current
Savanur Ravikumar Nominee Director 15-Mar-2024Current
Govindaswamy Naik Country flag representing In Nominee Director 30-Nov-2018Current

Financial Performance of Karnataka Bhovi Development Corporation.

Karnataka Bhovi Development Corporation, for the financial year ended 2021, experienced significant reduction in revenue, with a 25.42% decrease. The company also saw a substantial fall in profitability, with a 40.75% decrease in profit. The company's net worth observed a substantial decline by a decrease of 58.83%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
-25.42%
Revenue from Operations
337.92%
Total Assets
-3.41%
Profit or Loss
-40.75%
Net Worth
-58.83%
EBITDA
-14.80%

What is the Ownership and Shareholding Structure of Karnataka Bhovi Development Corporation?

In 2021, Karnataka Bhovi Development Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Karnataka Bhovi Development Corporation?

Unlock and access historical data on people associated with Karnataka Bhovi Development Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Karnataka Bhovi Development Corporation, 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 Karnataka Bhovi Development Corporation's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Karnataka Bhovi Development Corporation

Recent activity within the organization

  • Director Appointment

    Umlanaik Chandranaik was appointed as a Managing Director was appointed as a Managing Director on 31 Jul 2024 & has been associated with this company since 6 months 24 days .

    31 Jul 2024

  • Director Appointment

    Savanur Ravikumar was appointed as a Nominee Director was appointed as a Nominee Director on 15 Mar 2024 & has been associated with this company since 11 months 9 days .

    15 Mar 2024

  • Annual General Meeting

    Karnataka Bhovi Development Corporation last Annual general meeting of members was held on 29 Dec 2023 as per latest MCA records.

    29 Dec 2023

  • Balance Sheet

    Karnataka Bhovi Development Corporation has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.

    31 Mar 2021

  • Director Appointment

    Ramachandpura Sanjevarayappa Peddappaiah was appointed as a Nominee Director was appointed as a Nominee Director on 14 May 2020 & has been associated with this company since 4 years 9 months .

    14 May 2020

  • Director Appointment

    Chikkasubbanna Hemalatha was appointed as a Nominee Director was appointed as a Nominee Director on 14 May 2020 & has been associated with this company since 4 years 9 months .

    14 May 2020

Frequently asked questions

  • Karnataka Bhovi Development Corporation was incorporated on 26 May 2016.

  • The authorized share capital of Karnataka Bhovi Development Corporation is ₹ 1.00 M and paid-up capital is ₹ 0.10 M.

  • Currently 7 directors are associated with Karnataka Bhovi Development Corporation.

    • Ramachandpura Sanjevarayappa Peddappaiah
    • Doddabalapur Shivananda Sudarshan Kumar
    • Chikkasubbanna Hemalatha
    • Allamaprabhu Mayadevi Galagali
    • Umlanaik Chandranaik
    • Savanur Ravikumar
    • Govindaswamy Naik Kumar Naik
  • As per Ministry of Corporate Affairs (Mca), the registered address of Karnataka Bhovi Development Corporation is 20Th Floor, Visweswaraiah Main Tower India, Bangalore, Karnataka, 560001.

  • The corporate identification number (CIN) of Karnataka Bhovi Development Corporation is U74999KA2016NPL093608 and the company number is 093608 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Karnataka Bhovi Development Corporation is https://www.kbdc.karnataka.gov.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Karnataka Bhovi Development Corporation has fallen by -25.42%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Karnataka Bhovi Development Corporation has experienced an downturn of -58.83%.

  • The most recent Balance Sheet for Karnataka Bhovi Development Corporation was filed with the ROC on 31 Mar 2021.

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