Promoter holding
64.27%
MP
Madhucon Projects Limited - Due diligence report
A 360° intelligence report on Madhucon: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Madhucon — 360° Intelligence Report
Generated from MCA filings & public records48/100
Trust Score
Caution Indicated
Madhucon is assessed as Caution Indicated with a Trust Score of 48/100. Madhucon is an active public limited indian non-government company incorporated in 1990, operating in the Infrastructure and Utilities sector. The company has shown revenue growth 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 03 Jul 2026 from the latest processed filings. Madhucon Projects Limited 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 ScoreCaution Indicated
48/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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.
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: 45/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Externally credit-rated (D).
Charges position: 7 open (1,715.36 cr) · 53 satisfied (2,632.89 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Icici Bank Limited | 3 | 48.0 cr |
| Axis Bank Limited | 5 | 48.0 cr |
| Canara Bank | 2 | 48.0 cr |
| Oriental Bank Of Commerce | 3 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, BANKS, NCLT.
- Litigation present in 5 court forum(s).
- 18 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAMADAS KASARANENI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Venkateswarlu Kothapalli | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATESWARLU KOTHAPALLI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEETA BATTULA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Malla Reddy Dargabavi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAMBA SIVA RAO JASTY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POTLA MADHAVA RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHAMMAD SHAFI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TURLAPATI VENKATA SUNDARA JAWAHARLAL NEHRU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHINTHAPALLI LAKSHIMIKUMARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kothapalli Venkateswarlu | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- TURLAPATI VENKATA SUNDARA JAWAHARLAL NEHRU has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 5 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| 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 2023 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
6
Group entities
6
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Nama Hotels Private Limited | Subsidiary Company | 74.00% |
| Madhucon Infra Limited | Subsidiary Company | 74.00% |
| Madhucon Heights Private Limited | Subsidiary Company | 74.00% |
| Madhucon Mega Mall Private Limited | Subsidiary Company | 74.00% |
| Madurai-tuticorin Expressways Limited | Subsidiary Company | 74.00% |
| Rajauli-bakhtiyarpur Expressways Limited | Subsidiary Company | 74.00% |
| Vijayawada-machilipatnam Expressways Limited | Subsidiary Company | 74.00% |
| Trichy-thanjavur Expressways Limited | Subsidiary Company | 74.00% |
| Tn (dk) Expressways Limited | Subsidiary Company | 74.00% |
| Chhapra-hajipur Expressways Limited | Subsidiary Company | 74.00% |
Key managerial personnel: Venkateswarlu Kothapalli (CFO) · MOHAMMAD SHAFI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
EPFO headcount growing - hiring signal.
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
Compliance score is weak (50/100).
7 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence51/100
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 assessment39/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 1,715.36 cr already registered.
- Compliance gaps should be priced into terms.
Investor view53/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events26 Sep 2025
Last AGM held
Annual general meeting
25 Sep 2025
Director ceased
TURLAPATI VENKATA SUNDARA JAWAHARLAL NEHRU
09 Aug 2025
Director appointed
SAMBA SIVA RAO JASTY (Director)
Director appointed
TURLAPATI VENKATA SUNDARA JAWAHARLAL NEHRU (Director)
Director ceased
POTLA MADHAVA RAO
21 Jun 2025
Charge satisfied
Canara Bank
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Feb 2025
Charge satisfied
Ing Vysya Bank Limited
06 Feb 2025
Charge satisfied
Standard Chartered Bank
04 Feb 2025
Charge satisfied
Standard Chartered Bank
12 Jun 2024
Charge satisfied
Icici Bank Limited
28 Sep 2023
Director ceased
VENKATESWARLU KOTHAPALLI
Director ceased
GEETA BATTULA
Director ceased
SAMBA SIVA RAO JASTY
28 Jun 2023
Director appointed
GEETA BATTULA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
11 active director(s) / partner(s); review board churn before relying on management continuity.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of D from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
| Company | CIN | Location |
|---|---|---|
| Odisha Bridge & Construction Corporation Limited | U45203OR1983SGC001153 | Bhubaneswar, Orissa, India |
| Ravi Infrabuild Projects Limited | U45201RJ2009PLC028378 | Udaipur, Rajasthan, India |
| Bekem | U70100TG2008PTC061037 | Hyderabad, Telangana, India |
| R.M.N Infrastructures Limited | U45400TG2007PLC054940 | Hyderabad, Telangana, India |
| Sri Siddharth Infratech & Services (I) Private Limited | U45203TG2009PTC066327 | Hyderabad, Telangana, India |
| Hasanpur Bakhtiyarpur Highway Private Limited | U45203HR2020PTC089559 | Hisar, Haryana, India |
| Rcc Developers Private Limited | U45201DL2000PTC108293 | Delhi, Delhi, India |
| Quazigund Expressway Private Limited | U45203TG2010PTC068532 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Madhucon before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Madhucon: 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: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Madhucon - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 48/100, distress signals and MSME payment-delay disclosures - know whether Madhucon pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Madhucon - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Madhucon an active company?
Madhucon has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Madhucon financially healthy?
Madhucon has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Madhucon?
Its overall Trust Score is 48/100 (Caution Indicated). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Madhucon?
Promoters hold a majority stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Madhucon have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 53 earlier charge(s) stand satisfied.
Is Madhucon up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Madhucon?
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.
