Promoter holding
64.27%
GC
Garnet Construction Ltd - Due diligence report
A 360° intelligence report on Garnet Construction: trust score, financial health, credit view, compliance, directors, growth and distress si…
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
Garnet Construction — 360° Intelligence Report
Generated from MCA filings & public records68/100
Trust Score
Moderate
Garnet Construction is assessed as Moderate with a Trust Score of 68/100. Garnet Construction is an active public limited indian non-government company incorporated in 1992, 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 high compliance risk and low financial risk profile.
Report generated on 15 Jul 2026 from the latest processed filings. Garnet Construction Ltd 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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
34/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 70/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (BBB).
Charges position: 3 open (8.12 cr) · 20 satisfied (129.33 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sicom Limited | 3 | 48.0 cr |
| Others | 4 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Religare Finvest Limited | 2 | 48.0 cr |
| Union Bank Of India | 1 | 48.0 cr |
| United Bank Of India | 2 | 48.0 cr |
Compliance Score: 34/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE, BANKS.
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: M M JHUNJHUNWALA AND ASSOCIATES on 2019-01-16.
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JITENDRA MARUTI JADHAV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIROMANI SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHANKUMAR JUGALKISHORE KEDIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHANKUMAR JUGALKISHORE KEDIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY KISHANKUMAR KEDIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARUN KISHANKUMAR KEDIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIRYA VAKIL SIDDIQUI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NEHA VERMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Akash Dnyaneshwer Kamble | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2022)
| 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 2022 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
-
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Callista Realty Limited | Associate Company | 74.00% |
Key managerial personnel: KISHANKUMAR JUGALKISHORE KEDIA (CFO) · KISHANKUMAR JUGALKISHORE KEDIA (CFO) · SANJAY KISHANKUMAR KEDIA (Whole-time director) · ARUN KISHANKUMAR KEDIA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 65
Growth signals & trust indicators
Net margin improved to 1.42.
Operating for 33+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
Compliance score is weak (34/100).
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence54/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 8.12 cr already registered.
- Compliance gaps should be priced into terms.
Investor view63/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Oct 2025
Charge created
Hdfc Bank Limited - 1.01 cr
30 May 2025
Director ceased
SHIROMANI SINGH
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
Akash Dnyaneshwer Kamble
06 Sep 2024
Director appointed
Akash Dnyaneshwer Kamble (Director)
03 Aug 2024
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
06 Mar 2024
Charge satisfied
Union Bank Of India
31 Mar 2023
Director appointed
KISHANKUMAR JUGALKISHORE KEDIA (CFO)
23 Feb 2023
Charge created
Others - 6.61 cr
22 Feb 2023
Charge satisfied
Others
25 Aug 2022
Charge satisfied
United Bank Of India
04 Aug 2022
Charge satisfied
State Bank Of India
19 Nov 2020
Charge satisfied
Others
30 Sep 2020
Director ceased
SIRYA VAKIL SIDDIQUI
10
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% - manageable leverage.
Net worth is positive.
9 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 BBB from Crisil.
Promoters hold a majority stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Sree Lakshmi Ganapathi Infratech Private Limited | U45400AP2016PTC103823 | Vijayawada, Andhra Pradesh, India |
| Keycoat India Private Limited | U52609KA2018PTC114776 | Bangalore, Karnataka, India |
| Gvg Infrastructure Private Limited | U45200KA2012PTC066553 | Bangalore, Karnataka, India |
| Design Deconstruct Consultant Private Limited | U74900DL2015PTC279810 | New Delhi, Delhi, India |
| Kunal Infraproject Private Limited | U70102UP2011PTC046822 | Lucknow, Uttar Pradesh, India |
| Subhagya Promoters & Builders Private Limited | U45201PN2004PTC018912 | Pune, Maharashtra, India |
| Satakarni Estates Private Limited | U70102TG2010PTC068793 | Secundrabad, Telangana, India |
| Sopriya Constructions Private Limited | U45200MP2016PTC035200 | Indore, Madhya Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Garnet Construction before audits and certifications: compliance score 34/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Garnet Construction: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Garnet Construction - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Garnet Construction pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Garnet Construction - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Garnet Construction an active company?
Garnet Construction has MCA status “Active” with a compliance score of 34/100 (Caution Indicated).
Is Garnet Construction financially healthy?
Garnet Construction has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Garnet Construction?
Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Garnet Construction?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Garnet Construction have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 20 earlier charge(s) stand satisfied.
Is Garnet Construction up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 34/100 (Caution Indicated).
Is it risky to lend to Garnet Construction?
Its Credit Risk Score is 70/100 (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.
