Promoter holding
64.27%
TD
Thakkers Developers - Due diligence report
A 360° intelligence report on Thakkers Developers: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Thakkers Developers — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Thakkers Developers is assessed as Moderate with a Trust Score of 70/100. Thakkers Developers is an active public limited indian non-government company incorporated in 1987, 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 low financial risk profile.
Report generated on 22 Sep 2026 from the latest processed filings. Thakkers 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
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
35/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 85/100 Low Risk
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (MSE).
Charges position: 4 open (49.46 cr) · 26 satisfied (121.85 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Hdfc Bank Limited | 3 | 48.0 cr |
| Others | 9 | 48.0 cr |
| The Saraswat Co-Operative Bank Limited. | 1 | 48.0 cr |
| Reliance Capital Ltd | 2 | 48.0 cr |
| The Akola Janta Commercial Co-Op Bank Limited | 1 | 48.0 cr |
| Icici Bank Limited | 4 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE.
- Litigation present in 3 court forum(s).
- 1 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 35/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJENDRA RAMBHAU BUNAGE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBHASH NANDLAL DHOOT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHISHEK NARENDRA THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARENDRA MANOHARDAS THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRAKANT MULCHAND PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shruti Audumber Kondewar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDRA MANOHARDAS THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIDHI NARENDRA THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVIN NIMBA WANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA MANOHARDAS THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NARENDRA MANOHARDAS THAKKER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GIRISH SHARAD NAVASE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shruti Amit Pekam | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajendra Rambhau Bunage | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- CHANDRAKANT MULCHAND PATEL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 5 director exits in 3 years - high churn.
- 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
-
Subsidiaries
5
Group entities
5
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Harshawardhan Developers Private Limited | Subsidiary Company | 74.00% |
| Jamuna Horticulture Private Limited | Subsidiary Company | 74.00% |
| Motel Kutir Nirman Private Limited | Subsidiary Company | 74.00% |
| Pratap Marketing Private Limited | Subsidiary Company | 74.00% |
| Shree Kalavati Farm Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAJENDRA RAMBHAU BUNAGE (CFO) · ABHISHEK NARENDRA THAKKER (CFO) · NARENDRA MANOHARDAS THAKKER (CEO) · RAJENDRA MANOHARDAS THAKKER (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Operating for 39+ years.
Active GST registration(s).
Distress signals & risk flags
5 director exits within 2 years.
Compliance score is weak (50/100).
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 diligence65/100
Review suggested
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 49.46 cr already registered.
- Compliance gaps should be priced into terms.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events26 Mar 2026
Director appointed
VIDHI NARENDRA THAKKER (Additional Director)
Director ceased
POONAM RAJENDRA THAKKER
23 Feb 2026
Charge satisfied
Others
29 Oct 2025
Director appointed
Rajendra Rambhau Bunage (Cfo)
30 Sep 2025
Director appointed
RAJENDRA RAMBHAU BUNAGE (CFO)
Director appointed
SUBHASH NANDLAL DHOOT (Director)
Director appointed
CHANDRAKANT MULCHAND PATEL (Director)
Director appointed
PRAVIN NIMBA WANI (Director)
Director appointed
GIRISH SHARAD NAVASE (Director)
Director ceased
JAMAN HARIDAS THAKKER
Director ceased
GAURAV JAYANT DESHMUKH
Director ceased
MANISH VILAS LONARI
Director ceased
CHANDRAKANT HARIDAS THAKKER
Last AGM held
Annual general meeting
11 Jun 2025
Charge created
Hdfc Bank Limited - 45.50 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
14 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 5 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of MSE from Crisil.
Promoters hold a majority 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.
| Company | CIN | Location |
|---|---|---|
| Milore Infraprojects Private Limited | U70109GJ2018PTC102073 | Surat, Gujarat, India |
| Evita Constructions Private Limited | U45400MH2007PTC171380 | Mumbai, Maharashtra, India |
| Imprint Constructions Private Limited | U99999MH1995PTC084275 | Mumbai, Maharashtra, India |
| Anand Buildtech Private Limited | U45203DL2002PTC117791 | New Delhi, Delhi, India |
| Ascent Engineers & Infrastructures India Private Limited | U45400TN2012PTC086132 | Chennai, Tamil Nadu, India |
| Stepsstone Builders & Promoters | U45206TN2011PTC081097 | Chennai, Tamil Nadu, India |
| Kbc Infrastructures Private Limited | U45200AP2007PTC054886 | Guntur, Andhra Pradesh, India |
| S V Housing Private Limited | U70109DL2006PTC150816 | Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Thakkers Developers before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Thakkers Developers: 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: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Thakkers Developers - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Thakkers Developers 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 Thakkers Developers - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Thakkers Developers an active company?
Thakkers Developers has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Thakkers Developers financially healthy?
Thakkers Developers has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Thakkers Developers?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Thakkers Developers?
Promoters hold a majority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Thakkers Developers have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 26 earlier charge(s) stand satisfied.
Is Thakkers Developers up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Thakkers Developers?
Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
