Karnataka State Handicrafts Development Corporation Limited

Preserves, develops, and promotes traditional handicrafts made by thousands of artisans in Karnataka.

1964 | Bangaluru, Karnataka (India) | Active
Last Updated: January 10, 2025

Karnataka State Handicrafts Development Corporation Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 9.02 Cr
  • Company Age 60 Year, 11 Months
  • Last Filing with ROC 31 Mar 2021
  • Satisfied Charges ₹ 9.50 M
  • Revenue Growth -41.27%
  • Profit Growth 93.66%
  • Ebitda -201.66%
  • Net Worth 2.11%
  • Total Assets 7.24%

About Karnataka State Handicrafts Development Corporation

Karnataka State Handicrafts Development Corporation Limited (KSHDCL) was founded in India on 17 March 1964 and has a glorious history of 60 years and 11 months. Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Events And Entertainment 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 10.00 Cr and a paid-up capital of Rs 9.02 Cr.

The company has closed loans amounting to ₹9.50 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Lakshman Athukuri, Gurusharanaiah Viswanatha, Basavaraju Krishna, and Four other members serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    cauverycrafts.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U75112KA1964SGC001526

  • Company No.

    001526

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    17 Mar 1964

  • Date of AGM

    24 Jun 2024

  • Date of Balance Sheet

    31 Mar 2021

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Events and Entertainment

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

Executive Team (1)

NameDesignationAppointment DateStatus
Gurusharanaiah Viswanatha Country flag representing In Managing DirectorCurrent

Board Members (6)

NameDesignationAppointment DateStatus
Lakshman Athukuri Country flag representing In Nominee Director 18-Sep-2024Current
Basavaraju Krishna Country flag representing In Nominee Director 15-Aug-2024Current
Nitesh Patil Country flag representing In Nominee Director 14-Aug-2024Current
Prabhash Ray Country flag representing In Nominee Director 23-Jul-2024Current
Muniyappa Roopakala Country flag representing In Nominee Director 01-Mar-2024Current
Vipul Bansal Country flag representing In Nominee Director 15-Aug-2024Current

Financial Performance of Karnataka State Handicrafts Development Corporation.

Karnataka State Handicrafts Development Corporation Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 41.27% decrease. The company also saw a substantial improvement in profitability, with a 93.66% increase in profit. The company's net worth moved up by a moderate rise of 2.11%.

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
-41.27%
Revenue from Operations
-48.83%
Total Assets
7.24%
Profit or Loss
93.66%
Net Worth
2.11%
EBITDA
-201.66%

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

In 2021, Karnataka State Handicrafts 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)

Open Charges

₹0

Satisfied Charges

₹0.95 Cr

Charges Breakdown by Lending Institutions

  • Canara Bank : 0.95 Cr

Latest Charge Details

DateLenderAmountStatus
27 Sep 1993Canara Bank₹9.50 MSatisfied

How Many Employees Work at Karnataka State Handicrafts Development Corporation?

Karnataka State Handicrafts Development Corporation has a workforce of 58 employees as of Oct 22, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Karnataka State Handicrafts 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 State Handicrafts 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 State Handicrafts Development Corporation

Recent activity within the organization

  • Director Appointment

    Lakshman Rao Athukuri was appointed as a Nominee Director was appointed as a Nominee Director on 18 Sep 2024 & has been associated with this company since 5 months 4 days .

    18 Sep 2024

  • Director Appointment

    Basavaraju Gopal Krishna was appointed as a Nominee Director was appointed as a Nominee Director on 15 Aug 2024 & has been associated with this company since 6 months 8 days .

    15 Aug 2024

  • Director Appointment

    Vipul Bansal was appointed as a Nominee Director was appointed as a Nominee Director on 15 Aug 2024 & has been associated with this company since 6 months 8 days .

    15 Aug 2024

  • Director Appointment

    Nitesh Patil was appointed as a Nominee Director was appointed as a Nominee Director on 14 Aug 2024 & has been associated with this company since 6 months 9 days .

    14 Aug 2024

  • Director Appointment

    Prabhash Chandra Ray was appointed as a Nominee Director was appointed as a Nominee Director on 23 Jul 2024 & has been associated with this company since 7 months .

    23 Jul 2024

  • Annual General Meeting

    Karnataka State Handicrafts Development Corporation Limited last Annual general meeting of members was held on 24 Jun 2024 as per latest MCA records.

    24 Jun 2024

Frequently asked questions

  • Karnataka State Handicrafts Development Corporation Limited was incorporated on 17 Mar 1964.

  • The authorized share capital of Karnataka State Handicrafts Development Corporation Limited is ₹ 10.00 Cr and paid-up capital is ₹ 9.02 Cr.

  • Currently 7 directors are associated with Karnataka State Handicrafts Development Corporation Limited.

    • Lakshman Rao Athukuri
    • Gurusharanaiah Viswanatha
    • Basavaraju Gopal Krishna
    • Nitesh Patil
    • Prabhash Chandra Ray
    • Muniyappa Roopakala
    • Vipul Bansal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Karnataka State Handicrafts Development Corporation Limited is 45, Mahatma Gandhi Road India, Bangalore, Karnataka, 560001.

  • The corporate identification number (CIN) of Karnataka State Handicrafts Development Corporation Limited is U75112KA1964SGC001526 and the company number is 001526 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Karnataka State Handicrafts Development Corporation Limited is https://www.cauverycrafts.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Karnataka State Handicrafts Development Corporation Limited has fallen by -41.27%.

  • As Per 2021 financial reports, 58 employees are currently employed by Karnataka State Handicrafts Development Corporation Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Karnataka State Handicrafts Development Corporation Limited has experienced an upsurge of 2.11%.

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

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