Promoter holding
64.27%
PD
Prayatna Developers Limited - Due diligence report
A 360° intelligence report on Prayatna Developers: trust score, financial health, credit view, compliance, directors, growth and distress si…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report 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
Prayatna Developers — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Prayatna Developers is assessed as Low Risk with a Trust Score of 76/100. Prayatna Developers is an active public limited indian non-government company incorporated in 2015, operating in the Infrastructure and Utilities 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 moderate compliance risk and moderate financial risk profile.
Report generated on 20 Jul 2026 from the latest processed filings. Prayatna 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 ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 40/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 3 open (4,005.06 cr) · 9 satisfied (4,726.44 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Trusteeship Services Limited | 11 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: B S R & Co. LLP on 2021-05-10.
- Delayed payments to MSME suppliers disclosed (10 disclosure(s)).
- 5 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JAY HIMATLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHAVAL BHAVIKBHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHITRA JATINDER BHATNAGAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Keyur Jaykant Vora | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 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 2020)
| 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 2022 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
Adani Green Energy Twenty Three Limited
Subsidiaries
-
Group entities
-
Capital events
11 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Adani Green Energy Twenty Three Limited | Holding Company | 74.00% |
Key managerial personnel: DHAVAL BHAVIKBHAI SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
3 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 24.71 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence72/100
Favourable indicators
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 assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 4,005.06 cr already registered.
- Compliance gaps should be priced into terms.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events04 Dec 2025
Director appointed
Keyur Jaykant Vora (Additional Director)
Director ceased
Satyajeet Ghoshal
28 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
09 Apr 2024
Charge created
Idbi Trusteeship Services Limited - 3,399.46 cr
21 Mar 2024
Charge satisfied
Idbi Trusteeship Services Limited
29 Feb 2024
Charge satisfied
Idbi Trusteeship Services Limited
25 Jul 2022
Director ceased
RAJIV MEHTA
03 Feb 2022
Securities allotted
2056 Debentures - 205.60 cr raised
Charge created
Idbi Trusteeship Services Limited - 205.60 cr
25 Oct 2021
Director appointed
RAJIV MEHTA (Director)
Director ceased
KIRTI VITTHALDAS JOSHI
09 Jul 2021
Director ceased
JAY HIMATLAL SHAH
31 Mar 2021
Director appointed
JAY HIMATLAL SHAH (Director)
29 Jan 2021
Charge created
Idbi Trusteeship Services Limited - 30.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
5 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of AA from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 11 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Kitex Limited | U74140KL1975PLC002744 | Aluva, Kerala, India |
| Bmd | U18101RJ1996PTC012501 | Banswara, Rajasthan, India |
| Skeiron | U40106TG2016PTC156494 | Hyderabad, Telangana, India |
| Sree Lalitha Parameswari Spinning Mills Private Limited | U17110AP2005PTC045993 | Guntur, Andhra Pradesh, India |
| Shabnam Petrofils Private Limited | U17119GJ2002PTC041246 | Surat, Gujarat, India |
| Dhanashree Agro Products Private Limited | U24231UR1940PTC004491 | Uttaranchal, Uttarakhand, India |
| Unitech-Power | U74999DL1995PLC072431 | New Delhi, Delhi, India |
| Apgpcl | U24111TG1988PLC009231 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Prayatna Developers before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Prayatna Developers: 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 40/100, 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 Prayatna Developers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Prayatna Developers 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 Prayatna Developers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Prayatna Developers an active company?
Prayatna Developers has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Prayatna Developers financially healthy?
Prayatna Developers has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.
Should I do business with Prayatna Developers?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Prayatna Developers?
The ultimate holding entity is Adani Green Energy Twenty Three Limited. 5 active director(s) are on record.
Does Prayatna Developers have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.
Is Prayatna Developers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Prayatna Developers?
Its Credit Risk Score is 40/100 (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.
