Sterling Developers Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 0.54 M
- Company Age 37 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 75.15 Cr
- Satisfied Charges ₹ 571.00 Cr
- Revenue Growth -88.68%
- Profit Growth -165.50%
- Ebitda 134.97%
- Net Worth -59.77%
- Total Assets -25.57%
About Sterling Developers
Sterling Developers Private Limited (SDPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 18 March 1987 and has a history of 37 years and 11 months. Its registered office is in Bangalore, 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 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.
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Real Estate and Construction
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 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
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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 Limited
Gowri Sastri and Venkat Sastri are mutual person
- Sterling Urban Condominiums Private Limited
Gowri Sastri and Venkat Sastri are mutual person
- L.D.C. Holdings Private Limited
Gowri Sastri and Venkat Sastri are mutual person
- Sterling Habitats Private Limited
Gowri Sastri, Venkat Sastri and 1 more are mutual person
- Sterling Urban Ventures Private Limited
Gowri Sastri and Shweta Sastri are mutual person
Prestige Sterling Infraprojects Private LimitedVenkat Sastri is a mutual person
Charges (Loans)
Open Charges
₹75.15 Cr
Satisfied Charges
₹571.00 Cr
Charges Breakdown by Lending Institutions
- Others : 75.00 Cr
- Hdfc Bank Limited : 0.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jul 2023 | Hdfc Bank Limited | ₹1.50 M | Open |
| 09 Dec 2020 | Others | ₹75.00 Cr | Open |
| 07 Oct 2019 | Others | ₹91.00 Cr | Satisfied |
| 07 Oct 2019 | Others | ₹101.00 Cr | Satisfied |
| 19 Feb 2018 | Others | ₹80.00 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.
Latest Updates, News, and FAQs on Sterling Developers
Recent activity within the organization
- Charges
A charge registered on 19 Feb 2018 via Charge ID 100163450 with Others was fully satisfied on 02 May 2024.
- Charges
A charge registered on 19 Feb 2018 via Charge ID 100163452 with Others was fully satisfied on 02 May 2024.
- Annual General Meeting
Sterling Developers Private Limited last Annual general meeting of members was held on 15 Nov 2023 as per latest MCA records.
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100915540 was registered on 27 Jul 2023.
- Charges
A charge registered on 07 Oct 2019 via Charge ID 100304797 with Others was fully satisfied on 30 Jun 2023.
- Charges
A charge registered on 07 Oct 2019 via Charge ID 100304798 with Others was fully satisfied on 30 Jun 2023.
Recent News, Updates & Announcement
- Prestige Group Acquires Majority Stake in Sterling Urban Infraprojects for Rs336 Crore, Plans Massive Office Space in Bengaluru; Prestige Estates Projects Ltd Shares Dip by 0.60%.
Prestige Group buys 80% of Sterling Urban Infraprojects for Rs336 crore. They plan to build a huge office space in Bengaluru. Shares of Prestige Estates Projects Ltd went down by 0.60%..
Frequently asked questions
What is the Incorporation or founding date of Sterling Developers Private Limited?
Sterling Developers Private Limited was incorporated on 18 Mar 1987.
What is authorized share capital and paid-up capital of Sterling Developers Private Limited?
The authorized share capital of Sterling Developers Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 0.54 M.
Who are the current board members & directors of Sterling Developers Private Limited?
Currently 4 directors are associated with Sterling Developers Private Limited.
- Gowri Shankar Sastri
- Venkat Ramani Sastri
- Shweta Ramani Sastri
- Anjana Ramani Sastri
What is the registered address of Sterling Developers Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Sterling Developers Private Limited is Prestige Nebula Level 5 No.8 Cubbon Road Opp. Income Tax Office Building, India, Bangalore, Karnataka, 560001.
What is the corporate identification number (CIN) and company number of Sterling Developers Private Limited?
The corporate identification number (CIN) of Sterling Developers Private Limited is U70102KA1987PTC008245 and the company number is 008245 as per Ministry of Corporate Affairs (MCA).
What is the official website of Sterling Developers Private Limited?
The Official website of Sterling Developers Private Limited is https://www.sterlingdevelopers.com
What has been the recent revenue trend for Sterling Developers Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Sterling Developers Private Limited has fallen by -88.68%.
How many employees does Sterling Developers Private Limited currently have?
As Per 2023 financial reports, 55 employees are currently employed by Sterling Developers Private Limited.
What change has been observed in the net worth of Sterling Developers Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Sterling Developers Private Limited has experienced an downturn of -59.77%.
What are the total open charges for Sterling Developers Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Sterling Developers Private Limited amount to ₹ 75.15 Cr.
When was the last Balance Sheet of Sterling Developers Private Limited filed with the ROC?
The most recent Balance Sheet for Sterling Developers Private Limited was filed with the ROC on 31 Mar 2023.