Promoter holding
64.27%
ED
Embassy Developments Limited - Due diligence report
A 360° intelligence report on Indiabullsrealestate: trust score, financial health, credit view, compliance, directors, growth and distress s…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹349
50% off
New user
Or enjoy up to 50% off with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Indiabullsrealestate — 360° Intelligence Report
Generated from MCA filings & public records58/100
Trust Score
Moderate
Indiabullsrealestate is assessed as Moderate with a Trust Score of 58/100. Indiabullsrealestate is an active public limited indian non-government company incorporated in 2006, operating in the Real Estate and Construction 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 moderate financial risk profile.
Report generated on 02 Jul 2026 from the latest processed filings. Embassy Developments 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
58/100
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
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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: 50/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Externally credit-rated (A).
Charges position: 19 open (6,277.06 cr) · 36 satisfied (6,860.61 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 18 | 48.0 cr |
| Idbi Trusteeship Services Limited | 32 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
Compliance Score: 38/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE.
- Litigation present in 4 court forum(s).
- 2 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SHYAM HANSRAJ MARIWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIKAS KHANDELWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA MOHANDAS VIRWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YASH GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRA SHEKHER JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH Kumar SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNAMURTHY KULUMANI GOPALRATNAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA VIRWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH NARAYANAN KAIMAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SACHIN CHITTARANJAN SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TARANA SURESH LALWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAVED FAIZULLAH TAPIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sachin Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajesh Kaimal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
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 2023 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
6
Group entities
6
Capital events
40 allotment(s) · 5 transfer(s)
| Group entity | Relationship | % held |
|---|---|---|
| Aedos Real Estate Company Limited | Subsidiary Company | 74.00% |
| Airmid Properties Limited | Subsidiary Company | 74.00% |
| Albasta Developers Limited | Subsidiary Company | 74.00% |
| Albasta Properties Limited | Subsidiary Company | 74.00% |
| Albasta Infrastructure Limited | Subsidiary Company | 74.00% |
| Albasta Real Estate Limited | Subsidiary Company | 74.00% |
| Albina Properties Limited | Subsidiary Company | 74.00% |
| Albina Real Estate Limited | Subsidiary Company | 74.00% |
| Amadis Land Development Limited | Subsidiary Company | 74.00% |
| Apesh Constructions Limited | Subsidiary Company | 74.00% |
Key managerial personnel: MANISH Kumar SINHA (CFO) · ADITYA VIRWANI (Managing Director) · RAJESH NARAYANAN KAIMAL (CFO) · SACHIN CHITTARANJAN SHAH (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 50
Growth signals & trust indicators
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
4 director exits within 2 years.
Compliance score is weak (38/100).
19 open charge(s) registered - assets are encumbered.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor 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 assessment47/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 19 open charge(s) of 6,277.06 cr already registered.
- Compliance gaps should be priced into terms.
Investor view48/100
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 events15 Nov 2025
Charge satisfied
Hdfc Bank Limited
13 Nov 2025
Charge satisfied
Others
10 Nov 2025
Charge created
Others - 130.00 cr
Charge created
Others - 50.00 cr
Charge created
Others - 200.00 cr
09 Oct 2025
Charge satisfied
Others
10 Sep 2025
Charge satisfied
Idbi Trusteeship Services Limited
03 Sep 2025
Charge created
Others - 720.00 cr
Charge created
Others - 650.00 cr
18 Aug 2025
Charge created
Others - 385.00 cr
14 Aug 2025
Charge created
Others - 255.00 cr
11 Aug 2025
Charge created
Others - 190.00 cr
25 Jul 2025
Charge created
Others - 350.00 cr
19 Jul 2025
Charge created
Others - 5.33 cr
24 Apr 2025
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
14 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 40 security allotment(s) - amounts available in the full report.
21 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Santur Spaces Private Limited | U45201DL2012PTC237231 | New Delhi, Delhi, India |
| Apaar Infratech Private Limited | U51430UP2008PTC211167 | Dadri, Uttar Pradesh, India |
| K V Joseph And Sons Private Limited | U45201KL2013PTC035579 | Kochi, Kerala, India |
| Acharya Brothers Construction Private Limited | U45201OR2001PTC006643 | Bhubaneswar, Orissa, India |
| Astrum Value Homes | U70200HR2009PTC039688 | Gurgaon, Haryana, India |
| Narain Dass. R. Israni And Company Private Limited | U45201DL2002PTC115743 | Delhi, Delhi, India |
| Pars Engineering India Private Limited | U45201TN2013PTC168073 | Chennai City Corporation, Tamil Nadu, India |
| Chns Infra Private Limited | U45400JK2019PTC011237 | Jammu, Jammu & Kashmir, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indiabullsrealestate 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 Indiabullsrealestate: 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 50/100, 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 Indiabullsrealestate - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Indiabullsrealestate pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Indiabullsrealestate - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indiabullsrealestate an active company?
Indiabullsrealestate has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).
Is Indiabullsrealestate financially healthy?
Indiabullsrealestate has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Indiabullsrealestate?
Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indiabullsrealestate?
See the directors and ownership sections above for board and shareholding detail. 14 active director(s) are on record.
Does Indiabullsrealestate have loans or charges against its assets?
19 open charge(s) are registered against its assets, and 36 earlier charge(s) stand satisfied.
Is Indiabullsrealestate up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 38/100 (Caution Indicated).
Is it risky to lend to Indiabullsrealestate?
Its Credit Risk Score is 50/100 (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.
