Suzlon Renewable Development Limited - Due diligence report

A 360° intelligence report on Suzlon: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…

2004-07-05 Ahmedabad, Gujarat Active Unlisted Active Compliant
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SR Suzlon Renewable Development Limited
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Suzlon — 360° Intelligence Report

Generated from MCA filings & public records
57/100
Trust Score
Moderate

Suzlon is assessed as Moderate with a Trust Score of 57/100. Suzlon is an active public limited indian non-government company incorporated in 2004, operating in the Infrastructure and Utilities sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.

Report generated on 21 Jun 2026 from the latest processed filings. Suzlon Renewable Development Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › 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 ScoreModerate
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
15/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 27 satisfied (47,790.44 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Sbicap Trustee Company Limited8 48.0 cr
State Bank Of India6 48.0 cr
Others5 48.0 cr
Punjab National Bank2 48.0 cr
Oriental Bank Of Commerce2 48.0 cr
Bank Of Baroda1 48.0 cr
Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 4 court forum(s).
  • 10 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
JAYARAMA PRASAD CHALASANI 01234567 Director 01/04/2018 6 yrs Approved
SAMEER KANTILAL SHAH 01234567 Director 01/04/2018 6 yrs Approved
RAKESH BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
AVANTI NIKHIL GULAVANI 01234567 Director 01/04/2018 6 yrs Approved
SEEMANTINEE SHASHANK KHOT 01234567 Director 01/04/2018 6 yrs Approved
RAKESH BHANDARI 01234567 Director 01/04/2018 6 yrs Approved
BALRAJSINH ABHAYSINH PARMAR 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • RAKESH BHANDARI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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
Suzlon Global Services Limited
Subsidiaries
-
Group entities
-
Capital events
4 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Suzlon Global Services Limited Holding Company 74.00%

Key managerial personnel: RAKESH BHANDARI (CFO) · RAKESH BHANDARI (CFO) · BALRAJSINH ABHAYSINH PARMAR (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 21+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment47/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view36/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
09 Sep 2025
Last AGM held
Annual general meeting
08 Sep 2025
Director ceased
SAMEER KANTILAL SHAH
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Oct 2024
Director appointed
SAMEER KANTILAL SHAH (Director)
30 Aug 2024
Director ceased
JAYARAMA PRASAD CHALASANI
18 Oct 2023
Director appointed
JAYARAMA PRASAD CHALASANI (Director)
03 Oct 2023
Charge satisfied
Sbicap Trustee Company Limited
18 Nov 2022
Director ceased
AJAY MATHUR
Director ceased
SEEMANTINEE SHASHANK KHOT
Director ceased
VINOD RANCHHODBHAI TANTI
09 Nov 2022
Director appointed
AVANTI NIKHIL GULAVANI (Company Secretary)
24 Aug 2022
Charge created
Sbicap Trustee Company Limited - 4,053.00 cr
17 Aug 2022
Director ceased
HARISH HIMATLAL MEHTA
06 Jul 2022
Charge satisfied
Sbicap Trustee Company Limited
06 Jun 2022
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); review board churn before relying on management continuity.
10 active GST registration(s) indicate ongoing business operations.
All 27 registered charge(s) stand satisfied - past borrowings repaid.
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 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sidhant Real Estate Developers And Services Private Limited U70103GJ2020PTC112114 Ahmedabad, Gujarat, India
Avance Technohub Private Limited U41001TG2018PTC123737 Hyderabad, Telangana, India
M.R.Proview U70200DL2010PTC200718 Delhi, Delhi, India
U.K.N. Properties Private Limited U70102KA1997PTC022387 Bangalore South, Karnataka, India
Parakite Builders Private Limited U45309KA2016PTC098163 Bangaluru, Karnataka, India
Rajarathnam Construction Private Limited U45201TN2000PTC044025 Chennai, Tamil Nadu, India
Vvip Group U70101DL2007PTC170268 East Delhi, Delhi, India
Fanidhar Mega Food Park Private Limited U43900GJ2010PTC061767 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Suzlon before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Suzlon: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Suzlon - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Suzlon pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Suzlon - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Suzlon an active company?

Suzlon has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Suzlon financially healthy?

Suzlon has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Suzlon?

Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Suzlon?

The ultimate holding entity is Suzlon Global Services Limited. 7 active director(s) are on record.

Does Suzlon have loans or charges against its assets?

No open charges - all 27 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Suzlon up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Suzlon?

Its Credit Risk Score is 50/100 (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.