Makers Development Services Private Limited - Due diligence report

A 360° intelligence report on Makers Development Services: trust score, financial health, credit view, compliance, directors, growth and dis…

1978-12-06 Mumbai, Maharashtra Active Unlisted Active Compliant
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Makers Development Services — 360° Intelligence Report

Generated from MCA filings & public records
83/100
Trust Score
Low Risk

Makers Development Services is assessed as Low Risk with a Trust Score of 83/100. Makers Development Services is an active private limited indian non-government company incorporated in 1978, operating in the Financial Services 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 low compliance risk and low financial risk profile.

Report generated on 30 Jun 2026 from the latest processed filings. Makers Development Services Private Limited snapshot & full profile →

Financial Health › Strong
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
83/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
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 ScoreModerate
65/100
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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 20 satisfied (36.90 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Export Import Bank Of India1 48.0 cr
Bank Of Baroda15 48.0 cr
Others3 48.0 cr
Kotak Mahindra Finance Ltd1 48.0 cr
Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 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
MANISH RANBIR MAKER 01234567 Director 01/04/2018 6 yrs Approved
NIRMAL RAJKUMAR GUPTA 01234567 Director 01/04/2018 6 yrs Approved
VIJAY SHYAMSUNDAR MANIYAR 01234567 Director 01/04/2018 6 yrs Approved
PUNEET RAJKUMAR GUPTA 01234567 Director 01/04/2018 6 yrs Approved
MONIKA SHAH 01234567 Director 01/04/2018 6 yrs Approved
RITU RANBIR MAKER 01234567 Director 01/04/2018 6 yrs Approved
Monika Mrugank Shah 01234567 Director 01/04/2018 6 yrs Approved
  • 7 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 2023)
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
1
Group entities
2
Capital events
-

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

Group entityRelationship% held
Radiant Premises Private Limited Subsidiary Company 74.00%
Westward Realty Private Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 65
Growth signals & trust indicators
Operating for 47+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Profit declined two years in a row.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment76/100
Favourable lending indicators
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 view65/100
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
15 Dec 2025
Director appointed
VIJAY SHYAMSUNDAR MANIYAR (Company Secretary)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Dec 2023
Charge satisfied
Others
14 Dec 2023
Director appointed
MANISH RANBIR MAKER (Director)
06 Jun 2022
Director appointed
Monika Mrugank Shah (Company Secretary)
08 Apr 2022
Charge satisfied
Others
14 Mar 2022
Charge satisfied
Bank Of Baroda
20 Nov 2021
Director ceased
MANISH RANBIR MAKER
30 Aug 2021
Charge satisfied
Bank Of Baroda
05 Aug 2021
Charge satisfied
Bank Of Baroda
02 Jul 2021
Charge satisfied
Bank Of Baroda
16 Oct 2020
Charge satisfied
Bank Of Baroda
26 Dec 2019
Charge created
Others - 1.37 cr
18 Dec 2019
Charge satisfied
Bank Of Baroda
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 20 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Y T Infrastructure Private Limited U82200MH2010PTC206409 Mumbai, Maharashtra, India
Khyati Realites U45200GJ1995PLC027374 Ahmedabad, Gujarat, India
Pioneer Infraconsultants Private Limited U70101RJ2011PTC034029 Jaipur, Rajasthan, India
Fabrique Laundromat Services Private Limited U93090TN2015PTC098758 Tiruvallur, Tamil Nadu, India
Blue Nile Developers Private Limited U70102TG2007PTC055917 Hyderabad, Telangana, India
Mezzequity Software Services Limited U72200TG2003PLC041856 Hyderabad, Telangana, India
Breez U45204HR2011PTC077957 Gurgaon, Haryana, India
Rivergate Resort (India) Limited U55100MH2005PLC152491 Kalamboli, Maharashtra, India
12

Who Uses This Report

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

Verify Makers Development Services before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Makers Development Services: 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: Favourable lending indicators. Credit risk score 70/100, 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 Makers Development Services - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 83/100, distress signals and MSME payment-delay disclosures - know whether Makers Development Services 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 Makers Development Services - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Makers Development Services an active company?

Makers Development Services has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Makers Development Services financially healthy?

Makers Development Services has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Makers Development Services?

Its overall Trust Score is 83/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Makers Development Services?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Makers Development Services have loans or charges against its assets?

No open charges - all 20 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Makers Development Services up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Makers Development Services?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.

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.