Adani Land Developers Private Limited - Due diligence report

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

2006-09-07 Ahmedabad, Gujarat Amalgamated Unlisted Active Compliant
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AL Adani Land Developers Private Limited

Adani — 360° Intelligence Report

Generated from MCA filings & public records
42/100
Trust Score
Caution Indicated

Adani is assessed as Caution Indicated with a Trust Score of 42/100. Adani is a private limited indian non-government company incorporated in 2006, operating in the Infrastructure and Utilities sector. Reported revenue has declined 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 high financial risk profile.

Report generated on 13 Jun 2026 from the latest processed filings. Adani Land Developers Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Weak
Compliance › Caution

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 ScoreCaution Indicated
42/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
15/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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.

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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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

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

Compliance Score: 15/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
MILAN JOSHI 01234567 Director 01/04/2018 6 yrs Approved
VISHAL DILIPBHAI MOHANLAL SHAH SHAH 01234567 Director 01/04/2018 6 yrs Approved
SURYA RAMAYANAM 01234567 Director 01/04/2018 6 yrs Approved
VISHAL DILIPBHAI MOHANLAL SHAH SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • SURYA RAMAYANAM has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2021 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
Adani Infrastructure And Developers Private Limited
Subsidiaries
6
Group entities
6
Capital events
8 allotment(s) · 1 transfer(s)

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

Group entityRelationship% held
Aaloka Real Estate Private Limited Subsidiary Company 74.00%
Adani Estate Management Private Limited Subsidiary Company 74.00%
Belvedere Golf And Country Club Private Limited Subsidiary Company 74.00%
Shantigram Utility Services Private Limited Subsidiary Company 74.00%
Xcelheights Developers Private Limited Subsidiary Company 74.00%
Adani Infrastructure And Developers Private Limited Holding Company 74.00%
Adani Township & Real Estate Company Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 40
Growth signals & trust indicators
Operating for 19+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (15/100).
MSME payment delays disclosed - latest outstanding 14.28 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence31/100
Caution indicated
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 assessment38/100
Enhanced diligence advised
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 view40/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
20 Oct 2021
Director ceased
MILAN JOSHI
Director ceased
SURYA RAMAYANAM
Last AGM held
Annual general meeting
31 Mar 2021
Latest balance sheet
Filed with ROC
31 Dec 2020
Director appointed
MILAN JOSHI (Director)
Director appointed
SURYA RAMAYANAM (Director)
Director ceased
SUNIL SHARMA
26 Sep 2019
Director ceased
KALAGARLA RAO
25 Sep 2018
Director ceased
RANJAN WAZIR
31 Mar 2018
Share transfer (FY 2018)
36559722.00000000 shares to Limited Investments Vakoder
28 Feb 2018
Director ceased
GAJANAN DATTARAM LAWANDE
30 Mar 2017
Securities allotted
5026378 Debentures - 50.26 cr raised
29 Jan 2016
Securities allotted
2373779 Debentures - 23.74 cr raised
28 Jan 2016
Securities allotted
3399325 Debentures - 33.99 cr raised
22 Jan 2016
Securities allotted
1358270 Debentures - 13.58 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 8 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Naveen Construction And Infra Private Limited U45500TN2017PTC116504 Pudukkottai, Tamil Nadu, India
Viprons Infraprojects Private Limited U45402MH2020PTC346950 Navi Mumbai, Maharashtra, India
Sulabh Realty Private Limited U45201GJ2002PTC041349 Ahmedabad, Gujarat, India
Arbind Engicon Private Limited U45200BR2016PTC031442 Patna, Bihar, India
Prince Palace Construction Private Limited U45201GJ2006PTC048459 Surat, Gujarat, India
Sayoni Infracon Private Limited U45400MP2009PTC021973 Indore, Madhya Pradesh, India
Society Builder Private Limited U45201UP2008PTC036098 Kanpur, Uttar Pradesh, India
Louise Construction Private Limited U45203WB1998PTC088426 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Adani before audits and certifications: compliance score 15/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Adani: 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Adani - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 42/100, distress signals and MSME payment-delay disclosures - know whether Adani 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 Adani - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Adani an active company?

Adani has MCA status “Amalgamated” with a compliance score of 15/100 (Caution Indicated).

Is Adani financially healthy?

Adani has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Adani?

Its overall Trust Score is 42/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Adani?

The ultimate holding entity is Adani Infrastructure And Developers Private Limited. 4 active director(s) are on record.

Does Adani have loans or charges against its assets?

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

Is Adani up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 15/100 (Caution Indicated).

Is it risky to lend to Adani?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.