Kanakia Spaces Private Limited - Due diligence report

A 360° intelligence report on Kanakia Spaces Private Limited: trust score, financial health, credit view, compliance, directors, growth and …

1992-11-05 Mumbai, Maharashtra Active Unlisted Active Compliant
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KS Kanakia Spaces Private Limited
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Kanakia Spaces Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Kanakia Spaces Private Limited is assessed as Moderate with a Trust Score of 73/100. Kanakia Spaces Private Limited is an active private 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 moderate compliance risk and moderate financial risk profile.

Report generated on 19 Jul 2026 from the latest processed filings. Kanakia Spaces Private Limited snapshot & full profile →

Financial Health › Neutral
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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.

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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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Profitable - internal accruals available.

Charges position: 14 open (1,876.05 cr) · 59 satisfied (3,039.78 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Housing Development Finance Corporation Limited9 48.0 cr
Others7 48.0 cr
Idbi Trusteeship Services Limited2 48.0 cr
Icici Bank Limited3 48.0 cr
Il & Fs Trust Company Limited2 48.0 cr
Gda Trusteeship Limited2 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 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
HIMANSHU BABUBHAI KANAKIA 01234567 Director 01/04/2018 6 yrs Approved
RASESH BABUBHAI KANAKIA 01234567 Director 01/04/2018 6 yrs Approved
  • 2 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 2023 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
6
Group entities
6
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Ashish Land & Property Developers Private Limited Subsidiary Company 74.00%
Niyati Real Estate Developers Private Limited Subsidiary Company 74.00%
Periwinkle Constructions Private Limited Subsidiary Company 74.00%
Sarang Property Developers Private Limited Subsidiary Company 74.00%
Kanakia Gruhnirman Private Limited Subsidiary Company 74.00%
Kanakia Black Pearl Construction Private Limited Subsidiary Company 74.00%
Kanakia Hotels & Resorts Private Limited Subsidiary Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 70
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 33+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
14 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 diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 14 open charge(s) of 1,876.05 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view62/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 Mar 2025
Charge created
Others - 410.00 cr
30 Sep 2024
Last AGM held
Annual general meeting
08 May 2024
Charge satisfied
Idbi Trusteeship Services Limited
Charge satisfied
Others
31 Mar 2024
Latest balance sheet
Filed with ROC
12 Sep 2022
Charge created
Idbi Trusteeship Services Limited - 118.40 cr
20 Jun 2022
Charge created
Idbi Trusteeship Services Limited - 237.00 cr
29 Mar 2022
Charge satisfied
Others
01 Nov 2021
Director ceased
ASHA HEMANT SHAH
03 May 2019
Charge satisfied
Others
Charge satisfied
Indusind Bank Ltd.
24 Jan 2019
Director ceased
ASHISH RASESH KANAKIA
15 Sep 2017
Director ceased
SANJAY HARKISANDAS SANGHVI
23 Jun 2017
Charge satisfied
Fics Consultancy Services Limited
05 Jun 2017
Charge satisfied
Fics Consultancy Services Limited
10

Key Observations

Auto-generated from the data above
Revenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sujan Infrastructure Private Limited U45201GJ2003PTC042478 Ahmedabad, Gujarat, India
Excellence Core Interior & Infrastructure Private Limited U45209MH2013PTC250866 Jalgaon, Maharashtra, India
Bhanderi Gandhinagar Projects Private Limited U74999GJ2018PTC101541 Ahmedabad, Gujarat, India
Jayant Homes U45201MH2006PTC166093 Mumbai, Maharashtra, India
Aks Infratech (India) Private Limited U45200CT2007PTC020376 Raipur, Chattisgarh, India
Fso Foundations Private Limited U45201TN2006PTC059992 Chennai, Tamil Nadu, India
Jav Build Invest Pvt Ltd U67120CH1992PTC012498 Ut, Chandigarh, India
Earmark Infratech India Private Limited U45500UP2017PTC091201 Shahjahanpur, Uttar Pradesh, India
12

Who Uses This Report

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

Verify Kanakia Spaces Private Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Kanakia Spaces Private 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: 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 65/100, margin trends, ownership structure and peer set for Kanakia Spaces Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Kanakia Spaces Private Limited 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 Kanakia Spaces Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Kanakia Spaces Private Limited an active company?

Kanakia Spaces Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Kanakia Spaces Private Limited financially healthy?

Kanakia Spaces Private Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Kanakia Spaces Private Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Kanakia Spaces Private Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 2 active director(s) are on record.

Does Kanakia Spaces Private Limited have loans or charges against its assets?

14 open charge(s) are registered against its assets, and 59 earlier charge(s) stand satisfied.

Is Kanakia Spaces Private Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Kanakia Spaces Private Limited?

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.