Promoter holding
64.27%
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Afcons Infrastructure Limited - Due diligence report
A 360° intelligence report on Afcons: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Afcons — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Afcons is assessed as Low Risk with a Trust Score of 76/100. Afcons is an active public limited indian non-government company incorporated in 1976, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.
Report generated on 11 Jul 2026 from the latest processed filings. Afcons Infrastructure Limited snapshot & full profile →
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 & explainableTrust ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 60/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (B-).
Charges position: 14 open (23,172.76 cr) · 162 satisfied (17,252.38 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 5 | 48.0 cr |
| Others | 11 | 48.0 cr |
| State Bank Of India | 16 | 48.0 cr |
| Indian Bank | 3 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Idbi Bank Limited | 2 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (21314 disclosure(s)).
- 13 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SITARAM KUNTE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANURAG KUMAR SACHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ATUL SOBTI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UMESH NARAIN KHANNA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTOSH BALACHANDRAN NAYAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PALLON SHAPOORJI MISTRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUKHSHANA JINA MISTRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| FIROZ CYRUS MISTRY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHERAG SAROSH BALSARA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIRIDHAR RAJAGOPALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH KUMAR JHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBRAMANIAN KRISHNAMURTHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARAMASIVAN SRINIVASAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 8 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / 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
10
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Afcons Construction Mideast Llc | Subsidiary Company | 74.00% |
| Afcons Corrosion Protection Private Limited | Subsidiary Company | 74.00% |
| Afcons Gulf International Project Services Fze | Subsidiary Company | 74.00% |
| Afcons Infra Projects Kazakhstan Llp | Subsidiary Company | 74.00% |
| Afcons Mauritius Infrastructure Ltd | Subsidiary Company | 74.00% |
| Afcons Hydrocarbons Engineering Private Limited | Subsidiary Company | 74.00% |
| Afcons Overseas Project Gabon Sarl | Subsidiary Company | 74.00% |
| Afcons Overseas Singapore Pte Ltd | Subsidiary Company | 74.00% |
| Afcons Saudi Construction Llc | Subsidiary Company | 74.00% |
| Hazarat And Company Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: GIRIDHAR RAJAGOPALAN (Managing Director) · RAMESH KUMAR JHA (CFO) · SUBRAMANIAN KRISHNAMURTHY (Whole-time director) · PARAMASIVAN SRINIVASAN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
EPFO headcount growing - hiring signal.
Operating for 49+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
8 director exits within 2 years.
14 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 345.76 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 14 open charge(s) of 23,172.76 cr already registered.
- Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events28 Nov 2025
Charge created
Idbi Bank Limited - 235.00 cr
27 Nov 2025
Charge satisfied
Uco Bank
09 Nov 2025
Director ceased
SANTOSH BALACHANDRAN NAYAR
Director ceased
FIROZ CYRUS MISTRY
03 Oct 2025
Charge satisfied
Others
26 Sep 2025
Charge created
Others - 100.00 cr
25 Sep 2025
Director appointed
SANTOSH BALACHANDRAN NAYAR (Director)
Director appointed
FIROZ CYRUS MISTRY (Director)
29 Aug 2025
Director appointed
PALLON SHAPOORJI MISTRY (Director)
28 Jul 2025
Charge satisfied
Others
25 Jul 2025
Last AGM held
Annual general meeting
04 Jul 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Feb 2025
Charge created
Others - 75.00 cr
20 Dec 2024
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
13 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of B- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 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.
83 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Itd Cementation India | L61000MH1978PLC020435 | Mumbai, Maharashtra, India |
| Dilipbuildcon | L45201MP2006PLC018689 | Bhopal, Madhya Pradesh, India |
| Ircon | L45203DL1976GOI008171 | New Delhi, Delhi, India |
| H.G. Infra Engineering | L45201RJ2003PLC018049 | Jodhpur, Rajasthan, India |
| Tataprojects | U45203MH1979PLC454032 | Mumbai, Maharashtra, India |
| Kec International | L45200MH2005PLC152061 | Mumbai, Maharashtra, India |
| Nagarjuna Construction Company | L72200TG1990PLC011146 | Hyderabad, Telangana, India |
| Rvnl | L74999DL2003GOI118633 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Afcons before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Afcons: 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Afcons - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Afcons pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Afcons - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Afcons an active company?
Afcons has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Afcons financially healthy?
Afcons has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Afcons?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Afcons?
Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Afcons have loans or charges against its assets?
14 open charge(s) are registered against its assets, and 162 earlier charge(s) stand satisfied.
Is Afcons up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Afcons?
Its Credit Risk Score is 60/100 (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.
