Firstlight Properties - Due diligence report

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

1982-09-06 Mumbai, Maharashtra Active Unlisted Active Compliant
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Firstlight Properties — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Firstlight Properties is assessed as Low Risk with a Trust Score of 87/100. Firstlight Properties is an active private limited indian non-government company incorporated in 1982, operating in the Real Estate and Construction 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 low compliance risk and low financial risk profile.

Report generated on 22 Sep 2026 from the latest processed filings. Firstlight Properties Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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 access

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: 35/100 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.
  • Profitable - internal accruals available.

Charges position: 1 open (85.00 cr) · 2 satisfied (110.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Central Bank Of India1 48.0 cr
Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
BHARAT KISHORMAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
PALASH BHARAT SHAH 01234567 Director 01/04/2018 6 yrs Approved
MANISH SOHANRAJ BAFNA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2025 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
-
Group entities
-
Capital events
10 allotment(s) · 0 transfer(s)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 44+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment60/100
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 85.00 cr already registered.
  • Compliance record supports lending.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
04 Apr 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Jan 2025
Charge created
Others - 85.00 cr
30 May 2024
Securities allotted
265 Debentures - 2.65 cr raised
16 May 2023
Securities allotted
430 Debentures - 4.30 cr raised
21 Apr 2023
Securities allotted
300 Debentures - 3.00 cr raised
13 Apr 2023
Securities allotted
100 Debentures - 1.00 cr raised
14 Mar 2023
Securities allotted
200 Debentures - 2.00 cr raised
24 Feb 2023
Securities allotted
100 Debentures - 1.00 cr raised
16 Nov 2022
Securities allotted
1000 Debentures - 10.00 cr raised
02 Nov 2022
Securities allotted
353 Debentures - 3.53 cr raised
14 Sep 2022
Securities allotted
702 Debentures - 7.02 cr raised
29 Jun 2022
Securities allotted
1745 Debentures - 17.45 cr raised
21 Jun 2022
Charge created
Others - 60.00 cr
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mccs Infra Private Limited U45201JK2019PTC011207 Jammu, Jammu & Kashmir, India
Shivalik Buildtech U45201DL2004PTC127501 New Delhi, Delhi, India
Kumar Properties U45202PN1994PTC077842 Pune City, Maharashtra, India
Tricon Buildwell Private Limited U45400DL2014PTC264597 New Delhi, Delhi, India
R Karunanidhe Constructions Private Limited U45203TZ2009PTC015338 Coimbatore, Tamil Nadu, India
Goyal And Co U45201GJ1988PTC010799 Ahmedabad, Gujarat, India
M R Pro Tech Private Limited U45201KA2010PTC052042 Bangalore, Karnataka, India
Bharath Hi-Tecch Builders Private Limited U45201KA1984PTC112870 Bangalore, Karnataka, India
12

Who Uses This Report

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

Verify Firstlight Properties before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Firstlight Properties: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Firstlight Properties - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Firstlight Properties 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 Firstlight Properties - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Firstlight Properties an active company?

Firstlight Properties has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Firstlight Properties financially healthy?

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

Should I do business with Firstlight Properties?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Firstlight Properties?

See the directors and ownership sections above for board and shareholding detail. 3 active director(s) are on record.

Does Firstlight Properties have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Firstlight Properties up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Firstlight Properties?

Its Credit Risk Score is 35/100 (Caution Indicated). 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.