Promoter holding
64.27%
RD
Radhe Developers (India) Limited - Due diligence report
A 360° intelligence report on Radhe Developers: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Radhe Developers — 360° Intelligence Report
Generated from MCA filings & public records59/100
Trust Score
Moderate
Radhe Developers is assessed as Moderate with a Trust Score of 59/100. Radhe Developers is an active public limited indian non-government company incorporated in 1995, 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 moderate financial risk profile.
Report generated on 30 Jun 2026 from the latest processed filings. Radhe Developers (India) 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
59/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 60/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
Charges position: 4 open (14.45 cr) · 4 satisfied (6.15 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Indian Bank | 1 | 48.0 cr |
| Bank Of India | 5 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Piramal Financial Services Ltd. | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, CDSL, SEBI.
- Litigation present in 3 court forum(s).
- 2 auditor resignation(s) filed - latest: H K Shah and Co on 2022-11-12.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JAHNAVI PATEL ASHISHBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALOK HRISHIKESH VAIDYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PATEL VASANTLAL NIRAV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA BHOLABHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Khyati Kanaiyalal Patel | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Khyati Kanaiyalal Patel | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESHSINGH UMASHANKARSINGH KSHATRIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISHBHAI PRAFULBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHARAT SAKARLAL PANDYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRANAVBHAI JAYPRAKASHBHAI PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL KRISHKUMAR MEHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- RAJENDRA BHOLABHAI PATEL has DIN status "Disqualified by RoC u/s 164(2)".
- 2 director exit(s) in the last 3 years.
- 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
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 1 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: ASHISHBHAI PRAFULBHAI PATEL (Managing Director) · PRANAVBHAI JAYPRAKASHBHAI PATEL (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 65
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Outside liabilities up 0.86 in a year.
Compliance score is weak (32/100).
4 open charge(s) registered - assets are encumbered.
2 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.81 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence50/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment56/100
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 14.45 cr already registered.
- Compliance gaps should be priced into terms.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events24 Nov 2025
Charge satisfied
Bank Of India
27 Oct 2025
Charge created
Bank Of India - 3.25 cr
23 Sep 2025
Last AGM held
Annual general meeting
22 Sep 2025
Director ceased
RAJENDRA BHOLABHAI PATEL
28 Jul 2025
Director appointed
RAJENDRA BHOLABHAI PATEL (Director)
02 Jul 2025
Director appointed
DINESHSINGH UMASHANKARSINGH KSHATRIYA (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Nov 2023
Charge satisfied
Bank Of India
16 Nov 2023
Charge created
Indian Bank - 10.00 cr
18 Sep 2023
Director ceased
PATEL VASANTLAL NIRAV
29 Jul 2023
Director appointed
PATEL VASANTLAL NIRAV (Director)
21 Jan 2023
Charge created
Bank Of India - 70.00 Lakh
29 Oct 2022
Charge created
Bank Of India - 69.85 Lakh
18 Jul 2022
Securities allotted
251799000 Equity Shares - 25.18 cr raised
12 Apr 2022
Charge satisfied
Others
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| P A R Y Developers Private Limited | U45201WB2004PTC226030 | Kolkata, West Bengal, India |
| Dignus Infra Private Limited | U31902CH2013PTC034348 | Chandigarh, Chandigarh, India |
| Saivilla Dreamhouse Private Limited | U45309GJ2018PTC102761 | Palanpur, Gujarat, India |
| Sun Projects India Private Limited | U45201KL1998PTC012684 | Trivandrum, Kerala, India |
| Vgn Builders Private Limited | U70102TN2009PTC073587 | Chennai, Tamil Nadu, India |
| Namrata Group | U70100PN1996PTC177310 | Pune, Maharashtra, India |
| Royal Palms (India) Private Limited | U92190MH1984PTC033676 | Mumbai, Maharashtra, India |
| Safal Constructions(India) Private Limited | U70100GJ2016PTC093689 | Ahmedabad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Radhe Developers before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Radhe 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 60/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 65/100, margin trends, ownership structure and peer set for Radhe Developers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 59/100, distress signals and MSME payment-delay disclosures - know whether Radhe Developers pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Radhe Developers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Radhe Developers an active company?
Radhe Developers has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Radhe Developers financially healthy?
Radhe Developers has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.
Should I do business with Radhe Developers?
Its overall Trust Score is 59/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Radhe Developers?
Promoters hold the largest single block of equity - exact percentages are in the full report. 11 active director(s) are on record.
Does Radhe Developers have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.
Is Radhe Developers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Radhe Developers?
Its Credit Risk Score is 60/100 (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.
