Sterling Developers Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
as on 29-07-2024
- Paid Up Capital ₹ 0.54 M
as on 29-07-2024
- Company Age 37 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 75.15 Cr
as on 29-07-2024
- Satisfied Charges ₹ 571.00 Cr
as on 29-07-2024
- Revenue -88.68%
(FY 2023)
- Profit -165.50%
(FY 2023)
- Ebitda 134.97%
(FY 2023)
- Net Worth -59.77%
(FY 2023)
- Total Assets -25.57%
(FY 2023)
About Sterling Developers
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 5.00 Cr and a paid-up capital of Rs 0.54 M.
The company currently has active open charges totaling ₹75.15 Cr. The company has closed loans amounting to ₹571.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Gowri Sastri, Venkat Sastri, Shweta Sastri, and One other member serve as directors at the Company.
- CIN/LLPIN
U70102KA1987PTC008245
- Company No.
008245
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
18 Mar 1987
- Date of AGM
15 Nov 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Sterling Developers Private Limited offer?
Sterling Developers 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 Sterling Developers?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gowri Sastri  | Managing Director | 18-Mar-1987 | Current |
| Venkat Sastri | Managing Director | 18-Mar-1987 | Current |
Board Members(2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shweta Sastri | Director | 02-Apr-2007 | Current |
| Anjana Sastri | Director | 05-Oct-2020 | Current |
Financial Performance and Corporate Structure Insights of Sterling Developers.
Sterling Developers Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 88.68% decrease. The company also saw a substantial fall in profitability, with a 165.5% decrease in profit. The company's net worth observed a substantial decline by a decrease of 59.77%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metric |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations | |||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Sterling Developers?
In 2023, Sterling Developers had a promoter holding of 99.63% and a public holding of 0.37%. The company had 4 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Sterling Urban Developments Private LimitedActive 22 years 6 monthsGowri Sastri and Venkat Sastri are mutual person
- Sterling Urban Condominiums Private LimitedActive 17 years 7 months
Gowri Sastri and Venkat Sastri are mutual person
- L.D.C. Holdings Private LimitedActive 39 years 10 months
Gowri Sastri and Venkat Sastri are mutual person
- Sterling Habitats Private LimitedActive 9 years 6 months
Gowri Sastri, Venkat Sastri and 1 more are mutual person
- Sterling Urban Ventures Private LimitedActive 8 years 10 months
Gowri Sastri and Shweta Sastri are mutual person
Prestige Sterling Infraprojects Private LimitedActive 17 years 8 monthsVenkat Sastri is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 27 Jul 2023 | ₹1.50 M | Open |
Others Creation Date: 09 Dec 2020 | ₹75.00 Cr | Open |
Others Creation Date: 07 Oct 2019 | ₹91.00 Cr | Satisfied |
How Many Employees Work at Sterling Developers?
Sterling Developers has a workforce of 55 employees as of Apr 09, 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 Sterling Developers, 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 Sterling Developers'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.
