Indiabulls Projects Limited - Due diligence report

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

2007-10-11 Delhi, Delhi Active Unlisted Active Compliant
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Indiabulls Projects — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Indiabulls Projects is assessed as Low Risk with a Trust Score of 80/100. Indiabulls Projects is an active public limited indian non-government company incorporated in 2007, 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 low compliance risk and high financial risk profile.

Report generated on 29 Jun 2026 from the latest processed filings. Indiabulls Projects Limited snapshot & full profile →

Financial Health › Neutral
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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
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.

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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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SAURABH SHRIVASTAV 01234567 Director 01/04/2018 6 yrs Approved
RAJEEV PRABHAKAR PITKAR 01234567 Director 01/04/2018 6 yrs Approved
MEETU MATHUR 01234567 Director 01/04/2018 6 yrs Approved
KAPIL SINGH 01234567 Director 01/04/2018 6 yrs Approved
Vikas Khandelwal 01234567 Director 01/04/2018 6 yrs Approved
  • 5 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 2017 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
Indiabulls Real Estate Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Indiabulls Real Estate Limited Holding Company 74.00%

Key managerial personnel: SAURABH SHRIVASTAV (CFO) · KAPIL SINGH (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 18+ years.
Distress signals & risk flags
Revenue declined year-on-year.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view52/100
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 events
22 Sep 2025
Last AGM held
Annual general meeting
16 Jun 2025
Director appointed
Vikas Khandelwal (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2022
Director ceased
MEETU MATHUR
Director ceased
KAPIL SINGH
23 Jun 2022
Director ceased
SUDHIR KHULLAR
22 Jun 2022
Director appointed
MEETU MATHUR (Director)
Director appointed
KAPIL SINGH (Whole-time director)
Director ceased
SUNITA PAWAN VERMA
Director ceased
SANJEEV KUMAR
10 Sep 2020
Director appointed
SAURABH SHRIVASTAV (CFO)
10 Mar 2020
Director ceased
YOGESH SHARMA
Director ceased
RAM KUMAR SHEOKAND
30 Sep 2019
Director ceased
ANIL MITTAL
31 Mar 2017
Share transfer (FY 2017)
1.00000000 shares to Nominee of Pankaj Sharma
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
5 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a dominant controlling stake as per the FY 2017 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Formeet Realtors Private Limited U45400MH2010PTC205381 Mumbai, Maharashtra, India
Velliyar Builders Private Limited U45201KL2014PTC036146 Melattur, Kerala, India
Neutral Developers Private Limited U70102TN2006PTC060988 Chennai, Tamil Nadu, India
Blue Print Realty Private Limited U70102MH2011PTC216338 Mumbai, Maharashtra, India
Uppalapati Developers Private Limited U70102AP2007PTC054409 Visakhapatnam, Andhra Pradesh, India
Fornax Real Estate Limited U45400MH2007PLC309631 Mumbai, Maharashtra, India
Alta Constructions Private Limited U45400MH2010PTC206552 Mumbai, Maharashtra, India
Sonu Contractors & Developers Private Limited U45400MH2008PTC179481 Thane West, Maharashtra, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Indiabulls Projects: 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 55/100, 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 Indiabulls Projects - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Indiabulls Projects 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 Indiabulls Projects - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indiabulls Projects an active company?

Indiabulls Projects has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Indiabulls Projects financially healthy?

Indiabulls Projects has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Indiabulls Projects?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indiabulls Projects?

The ultimate holding entity is Indiabulls Real Estate Limited. 5 active director(s) are on record.

Does Indiabulls Projects have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Indiabulls Projects up to date with its ROC filings?

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

Is it risky to lend to Indiabulls Projects?

Its Credit Risk Score is 55/100 (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.