Promoter holding
64.27%
MP
Madhya Pradesh Urban Development Co Limited - Due diligence report
A 360° intelligence report on Mpudc: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Mpudc — 360° Intelligence Report
Generated from MCA filings & public records62/100
Trust Score
Moderate
Mpudc is assessed as Moderate with a Trust Score of 62/100. Mpudc is an active public limited state government company incorporated in 2015, 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 low compliance risk and high financial risk profile.
Report generated on 07 Aug 2026 from the latest processed filings. Madhya Pradesh Urban Development Co 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 ScoreModerate
62/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
45/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 4 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: 20/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 38%).
Charges position: 1 open (740.00 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Canara Bank | 1 | 48.0 cr |
Compliance Score: 75/100 Low Risk
- Company status is Active as per MCA.
- Last balance sheet is for Mar 2023 - filings overdue.
- 2 active GST registration(s).
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Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANKET SHANTARAM BHONDVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPALI RASTOGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANURAG JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MOHAN YADAV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAILASH CHANDRA VIJAYVARGIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KISHORE KUMAR SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY DUBEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH RASTOGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH RAJORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SNEHLATA SHRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARIKIPANDLA NARAHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Priyanka Kumari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sukhveer Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Saurabh Tiwari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- SANKET SHANTARAM BHONDVE has DIN status "Deactivated".
- 8 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2017)
| 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
-
Group entities
7
Capital events
2 allotment(s) · 7 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bhopal Smart City Development Corporation Limited | Associate Company | 74.00% |
| Gwalior Smart City Development Corporation Limited | Associate Company | 74.00% |
| Indore Smart City Development Limited | Associate Company | 74.00% |
| Jabalpur Smart City Limited | Associate Company | 74.00% |
| Sagar Smart City Limited | Associate Company | 74.00% |
| Satna Smart City Development Limited | Associate Company | 74.00% |
| Ujjain Smart City Limited | Associate Company | 74.00% |
Key managerial personnel: SANKET SHANTARAM BHONDVE (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 60
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Latest year revenue grew 2.1x.
Asset base grew 24% - capacity expansion.
Operating for 11+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
3 director exits within 2 years.
Statutory filings appear overdue.
1 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment41/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 740.00 cr already registered.
- Compliance record supports lending.
Investor view65/100
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 events30 Dec 2025
Director appointed
Saurabh Tiwari (Cfo)
30 Sep 2025
Last AGM held
Annual general meeting
06 Jul 2025
Director appointed
SANJAY DUBEY (Director)
01 Jul 2025
Director appointed
Sukhveer Singh (Director)
09 May 2025
Director appointed
SANKET SHANTARAM BHONDVE (Managing Director)
Director ceased
Manoharan Sibi Chakkravarthy
17 Feb 2025
Director appointed
Priyanka Kumari (Company Secretary)
27 Jan 2025
Director ceased
BHARAT YADAV
04 Dec 2024
Director ceased
NEERAJ MANDLOI
30 Sep 2024
Director appointed
ANURAG JAIN (Director)
21 Aug 2024
Director appointed
MANISH RASTOGI (Director)
02 Aug 2024
Director appointed
DIPALI RASTOGI (Director)
14 Mar 2024
Director appointed
PARIKIPANDLA NARAHARI (Director)
29 Jan 2024
Director ceased
SUKHVEER SINGH
22 Jan 2024
Director appointed
RAJESH RAJORA (Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 3 financial year(s).
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
14 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| City And Industrial Development Corporation Of Maharashtra Limited | U99999MH1970SGC014574 | Mumbai, Maharashtra, India |
| Shiv Nadar Aic Research Foundation | U74999DL2017NPL322054 | New Delhi, Delhi, India |
| West Bengal Trade Promotion Organisation | U91110WB2003NPL097201 | Kolkata, West Bengal, India |
| Rajasthan Urban Drinking Water Sewerage And Infrastructure Corporation Limited | U74999RJ2004SGC019961 | Jaipur, Rajasthan, India |
| Odisha Lift Irrigation Corporation Limited | U01111OR1973SGC000595 | Bhubaneswar-751012, Orissa, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mpudc before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mpudc: 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 20/100, 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 Mpudc - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 62/100, distress signals and MSME payment-delay disclosures - know whether Mpudc 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 Mpudc - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Mpudc an active company?
Mpudc has MCA status “Active” with a compliance score of 75/100 (Low Risk).
Is Mpudc financially healthy?
Mpudc has a Financial Health Score of 45/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Mpudc?
Its overall Trust Score is 62/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mpudc?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Mpudc have loans or charges against its assets?
1 open charge(s) are registered against its assets.
Is Mpudc up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 75/100 (Low Risk).
Is it risky to lend to Mpudc?
Its Credit Risk Score is 20/100 (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.
