Promoter holding
64.27%
ND
Ninex Developers Limited - Due diligence report
A 360° intelligence report on Ninex Developers Limited: trust score, financial health, credit view, compliance, directors, growth and distre…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹349
50% off
New user
Or enjoy up to 50% off with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Ninex Developers Limited — 360° Intelligence Report
Generated from MCA filings & public records45/100
Trust Score
Caution Indicated
Ninex Developers Limited is assessed as Caution Indicated with a Trust Score of 45/100. Ninex Developers Limited is an active public limited indian non-government company incorporated in 2006, operating in the Real Estate and Construction sector. Reported revenue has declined 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 high compliance risk and high financial risk profile.
Report generated on 29 Jun 2026 from the latest processed filings. Ninex Developers 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 ScoreCaution Indicated
45/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
11/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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.
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: 17 open (144.21 cr) · 8 satisfied (83.85 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Reliance Home Finance Limited | 3 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
| Punjab & Sind Bank | 1 | 48.0 cr |
| Religare Finvest Limited | 1 | 48.0 cr |
| The Lakshmi Vilas Bank Limited | 1 | 48.0 cr |
Compliance Score: 11/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2023 - filings overdue.
- Flagged by authority: DRT, NCLT.
- Litigation present in 2 court forum(s).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAM MEHAR GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MONIKA GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
| 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 2018 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
2
Group entities
4
Capital events
4 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Rmg Developers Private Limited | Subsidiary Company | 74.00% |
| Redtopaz Real Estate Private Limited | Subsidiary Company | 74.00% |
| Abloom Infotech Private Limited | Associate Company | 74.00% |
| Shrey Software Private Limited | Associate Company | 74.00% |
Key managerial personnel: RAM MEHAR GARG (Whole-time director) · SANDEEP GARG (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 50
Growth signals & trust indicators
Operating for 20+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Statutory filings appear overdue.
Compliance score is weak (11/100).
17 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence33/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment19/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 17 open charge(s) of 144.21 cr already registered.
- Compliance gaps should be priced into terms.
Investor view36/100
Limited indicators at present
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 events15 Oct 2024
Director ceased
SANJAY KUMAR SACHDEV
01 Aug 2024
Last AGM held
Annual general meeting
28 Feb 2024
Director appointed
MONIKA GARG (Additional Director)
31 Mar 2023
Latest balance sheet
Filed with ROC
12 Nov 2021
Charge satisfied
Lakshmi Vilas Bank Limited
09 Oct 2021
Director ceased
VEENA GARG
18 Apr 2019
Charge created
Lakshmi Vilas Bank Limited - 1.22 cr
15 Feb 2019
Charge created
Lakshmi Vilas Bank Limited - 38.50 Lakh
31 Oct 2018
Charge created
Others - 23.23 cr
02 Aug 2018
Charge satisfied
Religare Finvest Limited
31 Jul 2018
Director ceased
NRUSINGHA PRASAD MISHRA
18 May 2018
Charge created
Others - 17.20 cr
01 May 2018
Director ceased
RAKESH KUMAR JHA
31 Jul 2017
Director ceased
NISHA GUPTA
26 Jul 2017
Charge created
Others - 35.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a majority stake as per the FY 2018 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| South Delhi Constructions Private Limited | U45400DL1989PTC036994 | New Delhi, Delhi, India |
| Divyam Developers Private Limited | U45200DL2012PTC244135 | New Delhi, Delhi, India |
| Call Express Construction (India) Private Limited. | U45201TN2006PTC058525 | Chennai 18, Tamil Nadu, India |
| D' Han International Private Limited | U36912MH2007PTC170185 | Mumbai, Maharashtra, India |
| Kalpana Natural Forest Products Pvt Ltd | U63022WB1995PTC075354 | Kolkata, West Bengal, India |
| Pattela Projects Private Limited | U93000AP2008PTC097343 | Vijayawada, Andhra Pradesh, India |
| Indtech Interior And Contractors Private Limited | U45402KL2009PTC023673 | Kochi, Kerala, India |
| Prathyusha Resources & Infra Private Limited | U35111AP2005PTC047165 | Vijayawada (Urban), Andhra Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ninex Developers Limited before audits and certifications: compliance score 11/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ninex Developers 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: 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: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Ninex Developers Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 45/100, distress signals and MSME payment-delay disclosures - know whether Ninex Developers Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Ninex Developers Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ninex Developers Limited an active company?
Ninex Developers Limited has MCA status “Active” with a compliance score of 11/100 (Caution Indicated).
Is Ninex Developers Limited financially healthy?
Ninex Developers Limited has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Ninex Developers Limited?
Its overall Trust Score is 45/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ninex Developers Limited?
Promoters hold a majority stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Ninex Developers Limited have loans or charges against its assets?
17 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Ninex Developers Limited up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 11/100 (Caution Indicated).
Is it risky to lend to Ninex Developers Limited?
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.
