Steppe Developers Private Limited - Due diligence report

A 360° intelligence report on Steppe Developers Private Limited: trust score, financial health, credit view, compliance, directors, growth a…

2008-04-02 Mumbai, Maharashtra Active Unlisted Active Compliant
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Steppe Developers Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
89/100
Trust Score
Low Risk

Steppe Developers Private Limited is assessed as Low Risk with a Trust Score of 89/100. Steppe Developers Private Limited is an active private limited indian non-government company incorporated in 2008, 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 low compliance risk and low financial risk profile.

Report generated on 14 Aug 2026 from the latest processed filings. Steppe Developers Private Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

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 & explainable
Trust ScoreLow Risk
89/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
30/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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.

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Scores 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: 30/100 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%).
  • Profitable - internal accruals available.

Charges position: 2 open (28,635.00 cr) · 2 satisfied (280.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
CYRUS ERUCH AMARIA 01234567 Director 01/04/2018 6 yrs Approved
ADIL MEHERWANJI DARUWALA 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.
06

Ownership & Group Intelligence

As per FY 2021 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Shapoorji Pallonji And Company Private Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Shapoorji Pallonji And Company Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Operating for 18+ years.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence91/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment61/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 28,635.00 cr already registered.
  • Compliance record supports lending.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Last AGM held
Annual general meeting
22 Aug 2025
Charge satisfied
Others
25 Jul 2025
Charge created
Others - 28,600.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
30 Jul 2024
Charge created
Others - 35.00 cr
28 Sep 2022
Director ceased
CYRUS ERUCH AMARIA
30 Mar 2022
Director appointed
CYRUS ERUCH AMARIA (Director)
Director ceased
JANAK KIRAN BHATT
12 Oct 2021
Charge created
Others - 140.00 cr
16 Sep 2021
Charge created
Others - 140.00 cr
31 Mar 2021
Director ceased
MEHERWAN ADIL DARUVALA
Director ceased
ADIL PALLONJI KHAMBATA
22 Sep 2020
Director ceased
AMIT RAJ
30 Mar 2018
Securities allotted
49990 Equity Shares Without Differential Rights - 5.00 Lakh raised
18 Dec 2014
Director ceased
JAYESH KRISHNAKANT MERCHANT
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2021 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Bhagwati Buildtech Private Limited U74920DL2006PTC144992 New Delhi, Delhi, India
Dv Arena Buildtech Private Limited U70109KA2018PTC116271 Bangalore, Karnataka, India
Ideos Projects Private Limited U45209TG2011PTC074687 Hyderabad, Telangana, India
Alankrit Handicrafts Pvt Ltd U70100DL1974PTC007499 New Delhi, Delhi, India
Aabe Homess Private Limited U45206TN2014PTC094431 Chennai, Tamil Nadu, India
Larkspur Properties Private Limited U45200TZ2008PTC021848 Hosur, Tamil Nadu, India
Dlf Real Estate Builders Limited U70200HR2008PLC075593 Gurugram, Haryana, India
R K Buildestate Private Limited U45201RJ2000PTC082182 Kishangarh, Rajasthan, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Steppe Developers Private Limited before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Steppe 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 30/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Steppe Developers Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 89/100, distress signals and MSME payment-delay disclosures - know whether Steppe Developers Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Steppe Developers Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Steppe Developers Private Limited an active company?

Steppe Developers Private Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Steppe Developers Private Limited financially healthy?

Steppe Developers Private Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Steppe Developers Private Limited?

Its overall Trust Score is 89/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Steppe Developers Private Limited?

The ultimate holding entity is Shapoorji Pallonji And Company Private Limited. 2 active director(s) are on record.

Does Steppe Developers Private Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Steppe Developers Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).

Is it risky to lend to Steppe Developers Private Limited?

Its Credit Risk Score is 30/100 (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.