D.Devaraj Urs Backward Classes Development Corporation Limited - Due diligence report

A 360° intelligence report on Karnataka: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…

1977-10-28 Bangalore, Karnataka Active Unlisted Active Compliant
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Karnataka — 360° Intelligence Report

Generated from MCA filings & public records
54/100
Trust Score
Moderate

Karnataka is assessed as Moderate with a Trust Score of 54/100. Karnataka is an active private limited state government company incorporated in 1977, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 25 Jul 2026 from the latest processed filings. D.Devaraj Urs Backward Classes Development Corporation Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Weak

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Flagged by authority: RBI.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
DAYANANDA APPAJIGOWDA KESTURKOPPAL 01234567 Director 01/04/2018 6 yrs Approved
CHIKKASUBBANNA HEMALATHA 01234567 Director 01/04/2018 6 yrs Approved
TULASI RAM MADDINENI 01234567 Director 01/04/2018 6 yrs Approved
Kirthiganesh Nadubeedi Gopinath 01234567 Director 01/04/2018 6 yrs Approved
DODDABALAPUR SHIVANANDA SUDARSHAN KUMAR 01234567 Director 01/04/2018 6 yrs Approved
Nataraj Ganjigere Ramegowda 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • CHIKKASUBBANNA HEMALATHA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2022 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Key managerial personnel: Nataraj Ganjigere Ramegowda (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 48+ years.
Distress signals & risk flags
Losses deepening year-on-year.
3 director exits within 2 years.
Statutory filings appear overdue.
Compliance score is weak (38/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence48/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view70/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
06 Jun 2025
Director appointed
TULASI RAM MADDINENI (Nominee Director)
Director ceased
SANJAY BHALCHANDRA SHETTENNAVAR
09 May 2025
Director appointed
Nataraj Ganjigere Ramegowda (Managing Director)
30 Apr 2025
Director ceased
Kantharaju
14 Aug 2024
Director ceased
TULASI RAM MADDINENI
28 Jun 2024
Last AGM held
Annual general meeting
01 Mar 2024
Director appointed
Kirthiganesh Nadubeedi Gopinath (Nominee Director)
Director ceased
SHIVARAJ SANGAPPA TANGADAGI
31 Mar 2023
Latest balance sheet
Filed with ROC
27 Mar 2023
Director ceased
RAVI VENKATA RAMAIAH
18 Jul 2022
Director ceased
PONNIAH MANIVANNAN
14 Jun 2022
Director ceased
RASHMI VENKATARAJU
28 Apr 2022
Director appointed
DAYANANDA APPAJIGOWDA KESTURKOPPAL (Nominee Director)
Director ceased
VASANTH KUMAR PUTTAMADAIAH
31 May 2021
Director ceased
KALLADKA NAGAPPA VIJAYAPRAKASH
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Legris Holding India Private Limited U67120MH2000PTC223109 Nagpur, Maharashtra, India
Bcl Enterprises Limited L65100DL1985PLC021467 New Delhi, Delhi, India
Vanchinad Finance Private Limited U65910KL1987PTC004722 Ernakulam, Kerala, India
Zuari Investments U51100HR1995PLC143796 Zuarinagar, Goa, India
Bajajgroup U67120MH2008PTC180620 Mumbai, Maharashtra, India
Carbon Finance Limited U51909WB1992PLC055850 Calcutta, West Bengal, India
Delite Infrastructure Private Limited U74999DL2007PTC165234 New Delhi, Delhi, India
Ifs U65999MH2016PTC287488 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Karnataka before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Karnataka: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Karnataka - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Karnataka pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Karnataka - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Karnataka an active company?

Karnataka has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Karnataka financially healthy?

Karnataka has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Karnataka?

Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Karnataka?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.

Does Karnataka have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Karnataka up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Karnataka?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.