Promoter holding
64.27%
DW
Dev-Dwarka Windproject Limited - Due diligence report
A 360° intelligence report on Dev-Dwarka Windproject Limited: trust score, financial health, credit view, compliance, directors, growth and …
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Dev-Dwarka Windproject Limited — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Dev-Dwarka Windproject Limited is assessed as Moderate with a Trust Score of 71/100. Dev-Dwarka Windproject Limited is an active public limited indian non-government company incorporated in 2014, operating in the Environment 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 low compliance risk and high financial risk profile.
Report generated on 05 Jul 2026 from the latest processed filings. Dev-Dwarka Windproject 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 ScoreModerate
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
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.
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: 30/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
- Externally credit-rated (A-).
Charges position: 1 open (164.65 cr) · 5 satisfied (952.40 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 4 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Tata Cleantech Capital Limited | 1 | 48.0 cr |
Compliance Score: 78/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- 2 auditor resignation(s) filed - latest: A.D.BHIDE AND CO. on 2025-02-14.
- 1 active GST registration(s).
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Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BHARATBHUSHAN KRISHNAKANT SHRIKHANDE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH RAMCHANDRA THAKRE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kashyap Desai | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRANAVKUMAR SURESHKUMAR SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KASHYAP DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GOPAL RAMKISHOR SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nishant Suresh Parhad | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Varsha Bharat Variya | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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 2024 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
Baidyanath Power Private Limited
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 7 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Baidyanath Power Private Limited | Holding Company | 74.00% |
Key managerial personnel: Kashyap Desai (CEO) · KASHYAP DESAI (CEO) · GOPAL RAMKISHOR SHARMA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 11+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
1 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 164.65 cr already registered.
- Compliance record supports lending.
Investor view46/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events12 Nov 2025
Charge satisfied
Others
07 Nov 2025
Charge satisfied
Others
08 Sep 2025
Charge created
Axis Bank Limited - 164.65 cr
21 Feb 2025
Director appointed
Nishant Suresh Parhad (Director)
07 Nov 2024
Director appointed
Varsha Bharat Variya (Company Secretary)
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Kashyap Desai
23 Jul 2024
Charge created
Others - 186.70 cr
15 Jul 2024
Director ceased
KRISHNA NARAYAN BHAGWAT PRASAD TIWARI
16 May 2024
Director appointed
KASHYAP DESAI (CEO)
31 Mar 2024
Director ceased
SHRIRAM KANNAN
Latest balance sheet
Filed with ROC
12 Jul 2023
Charge satisfied
Others
29 May 2023
Charge created
Others - 186.70 cr
31 Jan 2022
Director ceased
Anuradha Sangeeta Parmar
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Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Indiarating.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Doddanavar Global Energy Private Limited | U40109KA2010PTC055611 | Belgaum, Karnataka, India |
| Energeia | U40107DL2018PTC337372 | New Delhi, Delhi, India |
| Cross Border Power Transmission Company Limited | U40102DL2006PLC156738 | New Delhi, Delhi, India |
| Orissa Power Consortium Limited | U40101OR1995PLC004059 | Bhubaneswar, Orissa, India |
| Aditya Birla Renewables Spv 1 Limited | U35105MH2017PLC296313 | Mumbai, Maharashtra, India |
| Transtech Green Power Private Limited | U40108DL2007PTC167022 | New Delhi, Delhi, India |
| Drashta Green Power Limited | U40109GJ2006PLC049145 | Ahmedabad, Gujarat, India |
| Sunedison | U40300MH2012PTC331320 | Borivali West, Maharashtra, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Dev-Dwarka Windproject Limited before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Dev-Dwarka Windproject Limited: 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Dev-Dwarka Windproject Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Dev-Dwarka Windproject Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Dev-Dwarka Windproject Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Dev-Dwarka Windproject Limited an active company?
Dev-Dwarka Windproject Limited has MCA status “Active” with a compliance score of 78/100 (Low Risk).
Is Dev-Dwarka Windproject Limited financially healthy?
Dev-Dwarka Windproject Limited has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Dev-Dwarka Windproject Limited?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Dev-Dwarka Windproject Limited?
The ultimate holding entity is Baidyanath Power Private Limited. 8 active director(s) are on record.
Does Dev-Dwarka Windproject Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Dev-Dwarka Windproject Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 78/100 (Low Risk).
Is it risky to lend to Dev-Dwarka Windproject Limited?
Its Credit Risk Score is 30/100 (Caution Indicated). 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.
