Mittal Developers Pvt Ltd - Due diligence report

A 360° intelligence report on Mittal Developers Pvt Ltd: trust score, financial health, credit view, compliance, directors, growth and distr…

1990-07-26 Indore, Madhya Pradesh Active Unlisted Active Compliant
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Mittal Developers Pvt Ltd — 360° Intelligence Report

Generated from MCA filings & public records
81/100
Trust Score
Low Risk

Mittal Developers Pvt Ltd is assessed as Low Risk with a Trust Score of 81/100. Mittal Developers Pvt Ltd is an active private limited indian non-government company incorporated in 1990, 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 low compliance risk and low financial risk profile.

Report generated on 12 Jul 2026 from the latest processed filings. Mittal Developers Pvt Ltd 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
81/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
90/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 4 open (3.54 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Madhya Pradesh Financial Corporation1 48.0 cr
M. P. Financial Corporation1 48.0 cr
State Bank Of Indore2 48.0 cr
Compliance Score: 90/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 auditor resignation(s) filed - latest: A.BHATT & CO. on 2020-07-20.
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
ARPIT SURANA 01234567 Director 01/04/2018 6 yrs Approved
Prathviraj Thakur 01234567 Director 01/04/2018 6 yrs Approved
ANITA THAKUR 01234567 Director 01/04/2018 6 yrs Approved
UTKARSH SURANA 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • ARPIT SURANA has DIN status "Disqualified by RoC u/s 164(2)".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
-
Group entities
-
Capital events
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 35+ years.
Distress signals & risk flags
4 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment69/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 4 open charge(s) of 3.54 cr already registered.
  • Compliance record supports lending.
Investor view82/100
Positive growth 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 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Sep 2024
Director ceased
Prathviraj Thakur
Director ceased
ANITA THAKUR
01 Jun 2024
Director appointed
Prathviraj Thakur (Director)
Director appointed
ANITA THAKUR (Director)
12 Jun 2015
Charge created
Madhya Pradesh Financial Corporation - 2.50 cr
07 Jul 2014
Director appointed
UTKARSH SURANA (Director)
Director ceased
MAHESH DALODRA
12 Mar 2008
Charge created
M. P. Financial Corporation - 1.00 cr
01 Apr 2006
Director appointed
ARPIT SURANA (Director)
Director ceased
VIMAL PRAKASH MITTAL
Director ceased
VIPIN KUMAR MITTAL
21 Apr 1992
Charge created
State Bank Of Indore - 2.00 Lakh
26 Jul 1990
Incorporated
Registered with Roc Gwalior
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Vastukar Developers Private Limited U45201WB2003PTC096943 Na, West Bengal, India
Viraaj Concrete India Private Limited U26956WB2004PTC100837 Kolkata, West Bengal, India
Sbs Consortium Private Limited U16003AS2000PTC006203 Assam, Assam, India
Pnk Space Development Private Limited U70109MH2010PTC208867 Thane, Maharashtra, India
Tejraj Promoters & Builders Private Limited U45205PN2011PTC140626 Pune, Maharashtra, India
Instyle Promoters And Builders Private Limited U74899DL1988PTC030854 New Delhi, Delhi, India
Kdcs Infrastructure Private Limited U70109DL2021PTC387159 Delhi, Delhi, India
Murlinath Buildtech Private Limited U74999HR2018PTC074260 Gurugram, Haryana, India
12

Who Uses This Report

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

Verify Mittal Developers Pvt Ltd before audits and certifications: compliance score 90/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mittal Developers Pvt Ltd: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Mittal Developers Pvt Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 81/100, distress signals and MSME payment-delay disclosures - know whether Mittal Developers Pvt Ltd 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 Mittal Developers Pvt Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mittal Developers Pvt Ltd an active company?

Mittal Developers Pvt Ltd has MCA status “Active” with a compliance score of 90/100 (Low Risk).

Is Mittal Developers Pvt Ltd financially healthy?

Mittal Developers Pvt Ltd has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Mittal Developers Pvt Ltd?

Its overall Trust Score is 81/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mittal Developers Pvt Ltd?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Mittal Developers Pvt Ltd have loans or charges against its assets?

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

Is Mittal Developers Pvt Ltd up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 90/100 (Low Risk).

Is it risky to lend to Mittal Developers Pvt Ltd?

Its Credit Risk Score is 50/100 (Moderate). 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.