Suyog Development Corporation Limited - Due diligence report

A 360° intelligence report on Suyog Development Corporation Limited: trust score, financial health, credit view, compliance, directors, grow…

2004-09-15 Pune, Maharashtra Active Unlisted Active Compliant
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Suyog Development Corporation Limited — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Suyog Development Corporation Limited is assessed as Moderate with a Trust Score of 58/100. Suyog Development Corporation Limited is an active public limited indian non-government company incorporated in 2004, operating in the Real Estate and Construction sector. 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 19 Jul 2026 from the latest processed filings. Suyog Development Corporation Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

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 ScoreModerate
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
20/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Profitable - internal accruals available.

Charges position: 2 open (19.45 cr) · 3 satisfied (50.80 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Bank Of Maharashtra3 48.0 cr
State Bank Of India Industrial Finance Branch1 48.0 cr
Bajaj Finance Limited1 48.0 cr
Compliance Score: 20/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Flagged by authority: EPFO.
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: HARSHAD MEHTA on 2015-07-29.
  • Delayed payments to MSME suppliers disclosed (71 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
BHARAT KESHAVLAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
KALPESH BHARAT SHAH 01234567 Director 01/04/2018 6 yrs Approved
NILESH BHARAT SHAH 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2017)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 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
-
Subsidiaries
-
Group entities
-
Capital events
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 60
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
Statutory filings appear overdue.
Compliance score is weak (20/100).
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.13 cr.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence43/100
Caution indicated
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 assessment44/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 19.45 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view68/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
04 Aug 2020
Director ceased
NITIN BHARAT SHAH
14 Feb 2019
Charge satisfied
Bank Of Maharashtra
28 Jan 2019
Charge satisfied
Bank Of Maharashtra
13 Jul 2018
Charge satisfied
Bank Of Maharashtra
09 Oct 2015
Charge created
Bajaj Finance Limited - 9.45 cr
31 Aug 2015
Charge created
Bank Of Maharashtra - 15.00 cr
23 Jan 2013
Charge created
Bank Of Maharashtra - 7.80 cr
11 May 2012
Charge created
Bank Of Maharashtra - 28.00 cr
22 Dec 2011
Charge created
State Bank Of India Industrial Finance Branch - 10.00 cr
15 Sep 2004
Incorporated
Registered with Roc Pune
Director appointed
BHARAT KESHAVLAL SHAH (Director)
Director appointed
KALPESH BHARAT SHAH (Director)
Director appointed
NILESH BHARAT SHAH (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Shri Krishna Infradesign Private Limited U70100UP2014PTC063365 Vrindavan, Uttar Pradesh, India
Neelkanth Nirman Private Limited U45201WB2004PTC099071 Kolkata, West Bengal, India
Maheshwari Mega Ventures Limited U45200TG2004PLC042906 Hyderabad, Telangana, India
M9 Buildcon Private Limited U45500MP2016PTC041638 Bhopal, Madhya Pradesh, India
Avenue Commercial Private Limited. U51109UR2007PTC013606 Dehradun, Uttarakhand, India
Strawberry Constructions Private Limited U32109MH1993PTC074444 Mumbai, Maharashtra, India
Atur India Private Limited U28290MH1960PTC011771 Mumbai, Maharashtra, India
Budhpur Buildcon Private Limited U45200GJ2016PTC093352 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Suyog Development Corporation Limited before audits and certifications: compliance score 20/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Suyog Development Corporation 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 85/100, margin trends, ownership structure and peer set for Suyog Development Corporation Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Suyog Development Corporation Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Suyog Development Corporation Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Suyog Development Corporation Limited an active company?

Suyog Development Corporation Limited has MCA status “Active” with a compliance score of 20/100 (Caution Indicated).

Is Suyog Development Corporation Limited financially healthy?

Suyog Development Corporation Limited has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Suyog Development Corporation Limited?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Suyog Development Corporation Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Suyog Development Corporation Limited have loans or charges against its assets?

2 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Suyog Development Corporation Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 20/100 (Caution Indicated).

Is it risky to lend to Suyog Development Corporation Limited?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.