Mindstone Mall Developers Private Limited - Due diligence report

A 360° intelligence report on Mindstone Mall Developers Private Limited: trust score, financial health, credit view, compliance, directors, …

2018-06-18 Estate,Mahalaxmi,Mumbai, Maharashtra Active Unlisted
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MM Mindstone Mall Developers Private Limited
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Mindstone Mall Developers Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Mindstone Mall Developers Private Limited is assessed as Moderate with a Trust Score of 73/100. Mindstone Mall Developers Private Limited is an active private limited indian non-government company incorporated in 2018, operating in the Real Estate and Construction sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and moderate financial risk profile.

Report generated on 30 Jun 2026 from the latest processed filings. Mindstone Mall Developers Private Limited snapshot & full profile →

Financial Health › Neutral
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 ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 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: 35/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.

Charges position: 1 open (835.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited1 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 3 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
VARUN PARWAL 01234567 Director 01/04/2018 6 yrs Approved
AMIT DABRIWALA 01234567 Director 01/04/2018 6 yrs Approved
RAGHAV BAJORIA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY SUDAM WAGASKAR 01234567 Director 01/04/2018 6 yrs Approved
CHALSANI ROHAN 01234567 Director 01/04/2018 6 yrs Approved
SHWETA PRADEEP VYAS 01234567 Director 01/04/2018 6 yrs Approved
Shubham Uday Parab 01234567 Director 01/04/2018 6 yrs Approved
Chirag Mantri 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 5 director exits in 3 years - high churn.
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
The Phoenix Mills Limited
Subsidiaries
-
Group entities
-
Capital events
14 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
The Phoenix Mills Limited Holding Company 74.00%

Key managerial personnel: SANJAY SUDAM WAGASKAR (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 55
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 8 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
4 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
1 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.
  • 3 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 835.00 cr already registered.
  • Compliance record supports lending.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
04 Sep 2025
Last AGM held
Annual general meeting
05 Aug 2025
Director appointed
Chirag Mantri (Cfo)
19 May 2025
Director appointed
Shubham Uday Parab (Company Secretary)
31 Mar 2025
Latest balance sheet
Filed with ROC
10 Sep 2024
Director ceased
CHALSANI ROHAN
02 Aug 2024
Director ceased
HARI KRISHNA VEERAPANENI
01 Aug 2024
Director appointed
CHALSANI ROHAN (Director)
18 Jul 2024
Director appointed
SANJAY SUDAM WAGASKAR (Managing Director)
Director ceased
SANJAY SUDAM WAGASKAR
17 Jul 2024
Director ceased
DHRUBA JYOTI SEN
29 Apr 2024
Charge created
Idbi Trusteeship Services Limited - 835.00 cr
31 Jan 2024
Director ceased
ANKUR GULATI
16 Nov 2022
Securities allotted
21809 Equity Shares - 204.00 cr raised
20 Sep 2022
Director ceased
ANURAAG SRIVASTAVA
23 May 2022
Director ceased
DIPESH GANDHI
10

Key Observations

Auto-generated from the data above
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
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 14 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
Peer companies will appear here as our matching engine processes this industry.
12

Who Uses This Report

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

Verify Mindstone Mall Developers Private Limited before audits and certifications: compliance score 93/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mindstone Mall Developers Private Limited: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Mindstone Mall Developers Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Mindstone Mall Developers Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Mindstone Mall Developers Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mindstone Mall Developers Private Limited an active company?

Mindstone Mall Developers Private Limited has MCA status “Active” with a compliance score of 93/100 (Low Risk).

Is Mindstone Mall Developers Private Limited financially healthy?

Mindstone Mall Developers Private Limited has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Mindstone Mall Developers Private Limited?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mindstone Mall Developers Private Limited?

The ultimate holding entity is The Phoenix Mills Limited. 8 active director(s) are on record.

Does Mindstone Mall Developers Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Mindstone Mall Developers Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 93/100 (Low Risk).

Is it risky to lend to Mindstone Mall Developers Private Limited?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.