Promoter holding
64.27%
MN
Marathon Nextgen Realty Limited - Due diligence report
A 360° intelligence report on Marathon: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Marathon — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Marathon is assessed as Moderate with a Trust Score of 74/100. Marathon is an active public limited indian non-government company incorporated in 1978, operating in the Real Estate and Construction sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Marathon Nextgen Realty 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
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 75/100 Low Risk
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (B+).
Charges position: 10 open (599.29 cr) · 95 satisfied (4,987.58 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 43 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Housing Development Finance Corporation Limited | 6 | 48.0 cr |
| Standard Chartered Bank | 3 | 48.0 cr |
| Kotak Mahindra Prime Limited | 1 | 48.0 cr |
| Kotak Mahindra Bank Limited | 2 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI, BSE.
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (45 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PARUL ABHOY SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ATUL JAYANTILAL MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Yogesh Ashok Patole | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK RAMESHCHANDRA SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILAJA CHETAN SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAMYAG MAYUR SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUYASH BHISE NEELKANTH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHWIN MOHANLAL THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAIVALYA CHETAN SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHETAN RAMNIKLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAYUR RAMNIKLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEVENDRA JASHWANTRAI SHRIMANKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Suyash Neelkanth Bhise | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- No disqualified or deactivated DINs.
- 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
Marathon Realty Private Limited
Subsidiaries
3
Group entities
4
Capital events
9 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Marathon Nextgen Townships Private Limited | Subsidiary Company | 74.00% |
| Terrapolis Assets Private Limited | Subsidiary Company | 74.00% |
| Sanvo Resorts Private Limited | Subsidiary Company | 74.00% |
| Marathon Realty Private Limited | Holding Company | 74.00% |
| Columbia Chrome (ind | Joint Ventures | 74.00% |
| Swayam Realtors And Traders Llp | Joint Ventures | 74.00% |
Key managerial personnel: SAMYAG MAYUR SHAH (Whole-time director) · SUYASH BHISE NEELKANTH (CFO) · KAIVALYA CHETAN SHAH (Whole-time director) · CHETAN RAMNIKLAL SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 48+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
Compliance score is weak (42/100).
10 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 22.94 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence63/100
Review suggested
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 assessment71/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 10 open charge(s) of 599.29 cr already registered.
- Compliance gaps should be priced into terms.
Investor view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events24 Sep 2025
Last AGM held
Annual general meeting
09 Sep 2025
Charge satisfied
Others
14 Aug 2025
Charge satisfied
Others
13 Aug 2025
Charge satisfied
Others
28 Jul 2025
Charge satisfied
Others
23 Jul 2025
Charge satisfied
Others
22 Jul 2025
Charge created
Hdfc Bank Limited - 2.00 cr
Charge satisfied
Others
15 Jul 2025
Charge satisfied
Others
11 Jul 2025
Charge satisfied
Others
01 Jul 2025
Charge satisfied
Others
12 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
25 Mar 2025
Charge created
Others - 111.00 cr
10 Jan 2025
Charge created
Others - 180.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 3 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of B+ from Care.
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.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Nanded City Development And Construction | U45209PN2006PLC022073 | Pune, Maharashtra, India |
| Godrejproperties | U70102MH2015PTC264491 | Mumbai, Maharashtra, India |
| Genext Hardware & Parks Private Limited | U72100MH2006PTC160261 | Mumbai, Maharashtra, India |
| Gnb Motors Private Limited | U34101WB1980PTC032983 | Kolkata, West Bengal, India |
| Kairos Properties Private Limited | U74999MH2017PTC292512 | Mumbai, Maharashtra, India |
| Krcinfraprojects | U70102MH2008PTC183176 | Mumbai, Maharashtra, India |
| Reynold Traders Private Limited | U51909MH1993PTC240089 | Mumbai, Maharashtra, India |
| Signatureglobal Homes Limited | U70100DL2008PLC176641 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Marathon before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Marathon: 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 75/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Marathon - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Marathon 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 Marathon - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Marathon an active company?
Marathon has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Marathon financially healthy?
Marathon has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Marathon?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Marathon?
The ultimate holding entity is Marathon Realty Private Limited. 13 active director(s) are on record.
Does Marathon have loans or charges against its assets?
10 open charge(s) are registered against its assets, and 95 earlier charge(s) stand satisfied.
Is Marathon up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Marathon?
Its Credit Risk Score is 75/100 (Low Risk). 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.
