Promoter holding
64.27%
RD
Runwal Developers Limited - Due diligence report
A 360° intelligence report on Runwal Group: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Runwal Group — 360° Intelligence Report
Generated from MCA filings & public records68/100
Trust Score
Moderate
Runwal Group is assessed as Moderate with a Trust Score of 68/100. Runwal Group is an active public limited indian non-government company incorporated in 1988, operating in the Real Estate and Construction sector. Reported revenue has declined 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 low financial risk profile.
Report generated on 16 Jul 2026 from the latest processed filings. Runwal 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 ScoreModerate
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 17 open (1,549.94 cr) · 63 satisfied (6,480.05 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 28 | 48.0 cr |
| Idbi Trusteeship Services Limited | 4 | 48.0 cr |
| Tata Capital Housing Finance Limited | 4 | 48.0 cr |
| Standard Chartered Bank | 3 | 48.0 cr |
| Housing Development Finance Corporation Limited | 4 | 48.0 cr |
| Icici Home Finance Company Limited | 3 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: S.M. Gupta & Co. on 2022-01-31.
- Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BHAVESH RASIKLAL VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK GHANSHYAM DARAK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDEEP SUBHASH RUNWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUPAL ANAND VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY SHARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISWESWARA HASSAN ANANTHARAMAIAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- SANJAY SHARMA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 7 director exits in 3 years - high churn.
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
2
Group entities
5
Capital events
2 allotment(s) · 14 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Avalor Developers Private Limited | Subsidiary Company | 74.00% |
| Dhruva Woollen Mills Private Limited | Subsidiary Company | 74.00% |
| R Retail Ventures Private Limited | Joint Ventures | 74.00% |
| R Mall Developers Private Limited | Joint Ventures | 74.00% |
| Wheelabrator Alloy Castings Limited | Associate Company | 74.00% |
Key managerial personnel: ASHOK GHANSHYAM DARAK (Whole-time director) · SANDEEP SUBHASH RUNWAL (Managing Director) · SANJAY SHARMA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 65
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 38+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
6 director exits within 2 years.
17 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 15.52 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
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 assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 17 open charge(s) of 1,549.94 cr already registered.
- Compliance gaps should be priced into terms.
Investor view69/100
Mixed 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 events26 Sep 2025
Last AGM held
Annual general meeting
25 Sep 2025
Director ceased
BHAVESH RASIKLAL VORA
Director ceased
RUPAL ANAND VORA
Director ceased
VISWESWARA HASSAN ANANTHARAMAIAH
05 Sep 2025
Director appointed
BHAVESH RASIKLAL VORA (Director)
Director appointed
RUPAL ANAND VORA (Director)
Director appointed
VISWESWARA HASSAN ANANTHARAMAIAH (Director)
27 Aug 2025
Director appointed
SANDEEP SUBHASH RUNWAL (Managing Director)
08 Aug 2025
Director appointed
ASHOK GHANSHYAM DARAK (Whole-time director)
18 Jul 2025
Charge satisfied
Others
30 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Mar 2025
Charge satisfied
Others
27 Dec 2024
Director ceased
SANJAY SHARMA
Director ceased
SUNIL JANARDAN SATVILKAR
10
Key Observations
Auto-generated from the data aboveRevenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Wave Megacity Centre Private Limited | U45204DL2011PTC220488 | New Delhi, Delhi, India |
| A.K. Infraprojects Private Limited | U45400UP2008PTC034549 | Varanasi, Uttar Pradesh, India |
| Indiabulls Real Estate | U70101MH2005PTC407477 | Mumbai, Maharashtra, India |
| Euthoria Developers Private Limited | U70102GJ2012PTC122516 | Ahmedabad, Gujarat, India |
| Gajaanan Property Developers Private Limited | U45500MH2019PTC334454 | Mumbai, Maharashtra, India |
| Tdiinfratech | U99999DL1999PLC102277 | Delhi, Delhi, India |
| Devland Infracon Private Limited | U70103MH2017PTC294916 | Mumbai, Maharashtra, India |
| Trident Hills Private Limited | U45200HR2007PTC142403 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Runwal Group before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Runwal Group: 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 55/100, 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 Runwal Group - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Runwal Group 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 Runwal Group - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Runwal Group an active company?
Runwal Group has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Runwal Group financially healthy?
Runwal Group has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Runwal Group?
Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Runwal Group?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 6 active director(s) are on record.
Does Runwal Group have loans or charges against its assets?
17 open charge(s) are registered against its assets, and 63 earlier charge(s) stand satisfied.
Is Runwal Group up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Runwal Group?
Its Credit Risk Score is 55/100 (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.
