Kanakia Spaces Realty Private Limited - Due diligence report

A 360° intelligence report on Kanakia: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…

2004-06-14 Mumbai, Maharashtra Active Unlisted Active Compliant
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KS Kanakia Spaces Realty Private Limited
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Kanakia — 360° Intelligence Report

Generated from MCA filings & public records
56/100
Trust Score
Moderate

Kanakia is assessed as Moderate with a Trust Score of 56/100. Kanakia is an active private limited indian non-government company incorporated in 2004, 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 moderate compliance risk and high financial risk profile.

Report generated on 20 Jul 2026 from the latest processed filings. Kanakia Spaces Realty Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
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
56/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Working-capital cover adequate.

Charges position: 11 open (3,891.59 cr) · 81 satisfied (9,000.19 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others54 48.0 cr
Idbi Trusteeship Services Limited8 48.0 cr
Icici Bank Limited8 48.0 cr
Il & Fs Trust Company Limited6 48.0 cr
Housing Development Finance Corporation Limited3 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (4)
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.
Director & KMP remuneration (FY 2022)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

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
8
Capital events
51 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Alta Casa Developers Private Limited Subsidiary Company 74.00%
Amazstar Realty Private Limited Subsidiary Company 74.00%
Blithesome Construction Private Limited Subsidiary Company 74.00%
Buildfast Realty Private Limited Subsidiary Company 74.00%
Divine Maison Realty Private Limited Subsidiary Company 74.00%
Doce Lar Realty Private Limited Subsidiary Company 74.00%
Home Destinations Realty Private Limited Subsidiary Company 74.00%
Jagdamba Infrastructure Private Limited Subsidiary Company 74.00%
Kanakia Builders Private Limited Subsidiary Company 74.00%
Kanakia Future Realty Private Limited Subsidiary Company 74.00%

Key managerial personnel: HIMANSHU BABUBHAI KANAKIA (Whole-time director) · RASESH BABUBHAI KANAKIA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 40
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 22+ 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.
Negative net worth.
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 67.33 Lakh.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence53/100
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 assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 11 open charge(s) of 3,891.59 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view36/100
Limited indicators at present
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 events
12 Aug 2025
Charge satisfied
Others
Charge satisfied
Housing Development Finance Corporation Limited
29 May 2025
Charge satisfied
Others
05 May 2025
Charge satisfied
Idbi Trusteeship Services Limited
30 Apr 2025
Charge satisfied
Others
11 Apr 2025
Charge satisfied
Others
09 Apr 2025
Charge satisfied
Others
07 Apr 2025
Charge satisfied
Others
Charge satisfied
Icici Bank Limited
02 Apr 2025
Charge satisfied
Others
01 Apr 2025
Charge satisfied
Others
28 Mar 2025
Charge created
Others - 410.00 cr
25 Mar 2025
Charge created
Others - 410.00 cr
21 Mar 2025
Charge satisfied
Others
25 Feb 2025
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
2 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.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 51 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
V.G.N.Homes Private Limited U45201TN2004PTC053071 Chennai-29., Tamil Nadu, India
Tarendra Infrastructure Chennai Private Limited U45400TN2008PTC067810 Chennai, Tamil Nadu, India
Makers U92100MH1942PTC003702 Mumbai, Maharashtra, India
N.H. Constructions Private Limited U70100PB2006PTC030487 Zirakpur, Punjab, India
Saya Homes U70101DL2010PTC211055 New Delhi, Delhi, India
Fortune Resources Private Limited U70200CT2007PTC018305 Raipur, Chattisgarh, India
Gmrgroup U45200TG2003PLC041961 Hyderabad, Telangana, India
Vineet Pvt Ltd U55101WB1972PTC028607 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Kanakia before audits and certifications: compliance score 60/100, 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: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Kanakia - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 56/100, distress signals and MSME payment-delay disclosures - know whether Kanakia 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 Kanakia - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Kanakia an active company?

Kanakia has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Kanakia financially healthy?

Kanakia has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Kanakia?

Its overall Trust Score is 56/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Kanakia?

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

Does Kanakia have loans or charges against its assets?

11 open charge(s) are registered against its assets, and 81 earlier charge(s) stand satisfied.

Is Kanakia up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Kanakia?

Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.