Promoter holding
64.27%
SD
Starwing Developers Private Limited - Due diligence report
A 360° intelligence report on Starwing Developers Private Limited: trust score, financial health, credit view, compliance, directors, growth…
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Starwing Developers Private Limited — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Starwing Developers Private Limited is assessed as Low Risk with a Trust Score of 76/100. Starwing Developers Private Limited is an active private limited indian non-government company incorporated in 1994, 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 moderate compliance risk and moderate financial risk profile.
Report generated on 11 Jul 2026 from the latest processed filings. Starwing Developers Private 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
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
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: 35/100 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.
Charges position: 4 open (220.62 cr) · 12 satisfied (163.68 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Tata Capital Housing Finance Limited | 1 | 48.0 cr |
| Others | 5 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| State Bank Of Bikaner And Jaipur | 1 | 48.0 cr |
| Dcb Bank Ltd. | 1 | 48.0 cr |
| Development Credit Bank Limited | 3 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJEEV RAMESHKUMAR DUBE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA NATHURAM VORA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 2 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 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
Starwing Infrastructure Private Limited
Subsidiaries
4
Group entities
4
Capital events
2 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| I-stay Real Estate Private Limited | Subsidiary Company | 74.00% |
| Starwing Infrastructure And Logistics Private Limited | Subsidiary Company | 74.00% |
| Starwing Plastic And Chemicals Private Limite | Subsidiary Company | 74.00% |
| Starwing Infrastructure Private Limited | Holding Company | 74.00% |
| Starwing Build-con Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAJEEV RAMESHKUMAR DUBE (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 open charge(s) registered - assets are encumbered.
3 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 assessment51/100
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 220.62 cr already registered.
- Compliance gaps should be priced into terms.
Investor view68/100
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 events11 Sep 2025
Charge created
Others - 32.50 cr
30 Sep 2024
Last AGM held
Annual general meeting
06 May 2024
Charge satisfied
Icici Bank Limited
31 Mar 2024
Latest balance sheet
Filed with ROC
01 Sep 2023
Charge satisfied
Others
30 Mar 2023
Charge created
Others - 25.00 cr
04 Feb 2023
Charge created
Hdfc Bank Limited - 3.12 cr
30 Sep 2022
Director ceased
ROHAN RAJEEV DUBE
20 Oct 2021
Charge satisfied
Dcb Bank Limited
31 Mar 2021
Share transfer (FY 2021)
1.00000000 shares to Starwing Infrastructure Pvt Ltd
30 Sep 2019
Director ceased
DEEPAK CHHOTELAL DUBE
08 Jul 2019
Charge created
Tata Capital Housing Finance Limited - 160.00 cr
05 Jul 2019
Charge satisfied
Others
17 Jun 2019
Charge satisfied
State Bank Of Bikaner And Jaipur
29 May 2019
Charge satisfied
Others
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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.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 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 |
|---|---|---|
| Mahalasa Constructions Private Limited | U45205KA2015PTC082164 | Karwar, Karnataka, India |
| Huiyu Construction And Development Private Limited | U45500TN2018PTC123244 | Chengalpattu, Tamil Nadu, India |
| Westpioneerindia | U51909MH2004PTC149915 | Mumbai, Maharashtra, India |
| Kotibhaskar Infrastructures & Developers Private Limited | U45209PN2011PTC140254 | Pune, Maharashtra, India |
| Vinay Infratech Private Limited | U45200GJ2010PTC063435 | Kalawad Road, Gujarat, India |
| Arunexcello | U45200TN2007PTC062863 | Chennai, Tamil Nadu, India |
| Terminus Kg Ventures Private Limited | U70100TS2012PTC196240 | Golconda, Telangana, India |
| Jagdish Construction Limited | U45202MP1990PLC005700 | Neemuch, Madhya Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Starwing Developers Private Limited 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 Starwing Developers Private 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: Mixed indicators - deeper appraisal suggested. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Starwing Developers Private Limited - 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 Starwing Developers Private Limited 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 Starwing Developers Private Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Starwing Developers Private Limited an active company?
Starwing Developers Private Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Starwing Developers Private Limited financially healthy?
Starwing Developers Private Limited has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.
Should I do business with Starwing Developers Private Limited?
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 Starwing Developers Private Limited?
The ultimate holding entity is Starwing Infrastructure Private Limited. 2 active director(s) are on record.
Does Starwing Developers Private Limited have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 12 earlier charge(s) stand satisfied.
Is Starwing Developers Private Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Starwing Developers Private Limited?
Its Credit Risk Score is 35/100 (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.
