Veegaland Developers Limited - Due diligence report

A 360° intelligence report on Veegaland Developers Limited: trust score, financial health, credit view, compliance, directors, growth and di…

2007-08-10 Ernakulam, Kerala Active Unlisted Active Compliant
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Veegaland Developers Limited — 360° Intelligence Report

Generated from MCA filings & public records
76/100
Trust Score
Low Risk

Veegaland Developers Limited is assessed as Low Risk with a Trust Score of 76/100. Veegaland Developers Limited is an active public limited indian non-government company incorporated in 2007, 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 30 Jun 2026 from the latest processed filings. Veegaland Developers Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
76/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
75/100
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
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 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: 7 open (92.81 cr) · 1 satisfied (1.37 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Axis Bank Limited2 48.0 cr
The South Indian Bank Limited2 48.0 cr
Others2 48.0 cr
Hdfc Bank Limited2 48.0 cr
Compliance Score: 75/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 auditor resignation(s) filed - latest: G VENUGOPAL KAMATH & CO on 2020-10-07.
  • Delayed payments to MSME suppliers disclosed (3 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
GEORGE JOSEPH 01234567 Director 01/04/2018 6 yrs Approved
KURIAN THOMAS 01234567 Director 01/04/2018 6 yrs Approved
BIJOY AMBATTU BAHULEYAN 01234567 Director 01/04/2018 6 yrs Approved
KOCHOUSEPH THOMAS CHITTILAPPILLY 01234567 Director 01/04/2018 6 yrs Approved
SARALADEVI MECHERIPARAMBIL 01234567 Director 01/04/2018 6 yrs Approved
VARRIAM KANDI VIJAYAKUMAR 01234567 Director 01/04/2018 6 yrs Approved
JAYARAJ BALAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
Akshay Anand Tharayil Sivanandan 01234567 Director 01/04/2018 6 yrs Approved
Varun Saranga Kumar 01234567 Director 01/04/2018 6 yrs Approved
  • 9 directors on the board.
  • SARALADEVI MECHERIPARAMBIL has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 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
-
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 1 transfer(s)

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

Key managerial personnel: KURIAN THOMAS (Whole-time director) · BIJOY AMBATTU BAHULEYAN (Whole-time director) · KOCHOUSEPH THOMAS CHITTILAPPILLY (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Asset base grew 24% - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
7 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 12,500.00.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment57/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 92.81 cr already registered.
  • Compliance record supports lending.
Investor view77/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
19 Dec 2025
Charge created
Axis Bank Limited - 50.00 cr
28 Oct 2025
Charge created
The South Indian Bank Limited - 14.40 cr
01 Oct 2025
Director appointed
GEORGE JOSEPH (Director)
Director appointed
SARALADEVI MECHERIPARAMBIL (Director)
Director appointed
VARRIAM KANDI VIJAYAKUMAR (Director)
26 Sep 2025
Director appointed
Akshay Anand Tharayil Sivanandan (Company Secretary)
Director appointed
Varun Saranga Kumar (Cfo)
22 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Jan 2025
Charge created
The South Indian Bank Limited - 20.00 cr
11 Sep 2024
Charge created
Hdfc Bank Limited - 14.00 Lakh
23 Feb 2024
Charge satisfied
Others
01 Sep 2023
Director appointed
KURIAN THOMAS (Whole-time director)
Director appointed
BIJOY AMBATTU BAHULEYAN (Whole-time director)
Director ceased
KURIAN THOMAS
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); review board churn before relying on management continuity.
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.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ghai Construction U45201PN1995PTC087670 Pune, Maharashtra, India
Vornado Hinjewadi Township U45400MH2007PTC171668 Mumbai, Maharashtra, India
Lamba Techno Flooring Solutions Private Limited U45402DL2010PTC205254 New Delhi, Delhi, India
Gls U70200HR2012PTC065342 Gurugram, Haryana, India
Jsb Homemakers Private Limited U45202MH2009PTC196031 Goregaon West, Maharashtra, India
Dlf Homes Panchkula Private Limited U45400HR2007PTC038443 Gurgaon, Haryana, India
Radha Buildtech (India) U45400DL2011PTC217246 Delhi, Delhi, India
Savani Heritage Conservation Private Limited U45200MH2005PTC157890 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Veegaland Developers Limited before audits and certifications: compliance score 75/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Veegaland Developers 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: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Veegaland Developers 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 Veegaland Developers 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 Veegaland Developers Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Veegaland Developers Limited an active company?

Veegaland Developers Limited has MCA status “Active” with a compliance score of 75/100 (Low Risk).

Is Veegaland Developers Limited financially healthy?

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

Should I do business with Veegaland Developers 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 Veegaland Developers Limited?

Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.

Does Veegaland Developers Limited have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Veegaland Developers Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 75/100 (Low Risk).

Is it risky to lend to Veegaland Developers 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.