Bhanderi Infracon Limited - Due diligence report

A 360° intelligence report on Bhanderi Infracon: trust score, financial health, credit view, compliance, directors, growth and distress sign…

2004-07-19 Ahmedabad, Gujarat Active Listed Active Compliant
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Bhanderi Infracon — 360° Intelligence Report

Generated from MCA filings & public records
75/100
Trust Score
Low Risk

Bhanderi Infracon is assessed as Low Risk with a Trust Score of 75/100. Bhanderi Infracon is an active public limited indian non-government company incorporated in 2004, operating in the Real Estate and Construction sector. Reported revenue has declined 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 low financial risk profile.

Report generated on 05 Aug 2026 from the latest processed filings. Bhanderi Infracon Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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 ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
53/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (4.15 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Indian Bank1 48.0 cr
Compliance Score: 53/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: S A R A & Associates on 2023-10-25.
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
Rinkal Ajay Patel 01234567 Director 01/04/2018 6 yrs Approved
KETANBHAI JAYSHUKHBHAI KOLADIYA 01234567 Director 01/04/2018 6 yrs Approved
SUNIL PATEL DHIRUBHAI 01234567 Director 01/04/2018 6 yrs Approved
SHREYABEN MILANKUMAR SHAH 01234567 Director 01/04/2018 6 yrs Approved
LOKESH LAXMANBHAI DAVE 01234567 Director 01/04/2018 6 yrs Approved
BHUMIKABEN SUNILBHAI PATEL 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2023 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
5
Group entities
5
Capital events
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Bhanderi Gandhinagar Projects Private Limited Subsidiary Company 74.00%
Bhanderi Kathwada Private Limited Subsidiary Company 74.00%
Bhanderi Pethapur Projects Private Limited Subsidiary Company 74.00%
Bhanderi Talod Projects Private Limited Subsidiary Company 74.00%
Hareram Jems And Exports Private Limted (earlier Bhanderi Happiness Private Limited) Subsidiary Company 74.00%
Dharnidhar Developers Subsidiary Company 74.00%

Key managerial personnel: KETANBHAI JAYSHUKHBHAI KOLADIYA (CFO) · SUNIL PATEL DHIRUBHAI (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 22+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (53/100).
1 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 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.
  • 1 open charge(s) of 4.15 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view69/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
27 Sep 2025
Last AGM held
Annual general meeting
19 Sep 2025
Charge created
Indian Bank - 4.15 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2024
Director ceased
SHREYABEN MILANKUMAR SHAH
03 Feb 2024
Director appointed
SHREYABEN MILANKUMAR SHAH (Director)
29 Sep 2023
Director ceased
LOKESH LAXMANBHAI DAVE
18 Aug 2023
Director appointed
LOKESH LAXMANBHAI DAVE (Director)
28 Apr 2022
Director appointed
Rinkal Ajay Patel (Company Secretary)
08 Jul 2021
Director ceased
KALPESHBHAI DINESHBHAI BUHA
Director ceased
RAVINDRA BHEDA
01 Oct 2020
Director ceased
POOJA AIDASANI
13 Jun 2019
Director appointed
KETANBHAI JAYSHUKHBHAI KOLADIYA (CFO)
15 Feb 2019
Director ceased
MUKESHBHAI BALUBHAI PATEL
22 Jul 2017
Securities allotted
567000 Equity Shares - 8.51 cr raised
Securities allotted
667000 Equity Shares - 10.01 cr raised
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a majority stake as per the FY 2023 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Tejraj Buildcon Private Limited U45209MH2011PTC213741 Mumbai, Maharashtra, India
Nva Infratech Private Limited U45201HR2021PTC099725 Kurukshetra, Haryana, India
Sejwal Buildcon Private Limited U45204DL2009PTC188187 New Delhi, Delhi, India
Golf Land Developers Private Limited U70101DL2016PTC293105 New Delhi, Delhi, India
Dsl Properties Private Limited U45201DL2003PTC118525 New Delhi, Delhi, India
Sejal & Sejal Residency Private Limited U55101DL2012PTC243191 New Delhi, Delhi, India
Magneum Technology Private Limited U68200UP2021PTC156100 Gautam Buddha Nagar, Uttar Pradesh, India
The Hanuman Estates Ltd U65110WB1936PLC008674 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Bhanderi Infracon before audits and certifications: compliance score 53/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Bhanderi Infracon: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 55/100, margin trends, ownership structure and peer set for Bhanderi Infracon - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Bhanderi Infracon 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 Bhanderi Infracon - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Bhanderi Infracon an active company?

Bhanderi Infracon has MCA status “Active” with a compliance score of 53/100 (Moderate).

Is Bhanderi Infracon financially healthy?

Bhanderi Infracon has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Bhanderi Infracon?

Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Bhanderi Infracon?

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

Does Bhanderi Infracon have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Bhanderi Infracon up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 53/100 (Moderate).

Is it risky to lend to Bhanderi Infracon?

Its Credit Risk Score is 65/100 (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.