Vejas Power Projects Limited - Due diligence report

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

2007-11-30 Mumbai, Maharashtra Active Unlisted Active Compliant
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Vejas Power Projects Limited — 360° Intelligence Report

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

Vejas Power Projects Limited is assessed as Moderate with a Trust Score of 58/100. Vejas Power Projects Limited is an active public limited indian non-government company incorporated in 2007, operating in the Environment 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 moderate compliance risk and high financial risk profile.

Report generated on 11 Nov 2026 from the latest processed filings. Vejas Power Projects Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Good

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 ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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.

Get full access

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: 40/100 Caution Indicated
  • Negative operating earnings - debt service depends on external support.

Charges position: 1 open (325.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Litigation present in 3 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
BIBHUDUTTA BISWAL 01234567 Director 01/04/2018 6 yrs Approved
RITENDRA BHATTACHARJEE 01234567 Director 01/04/2018 6 yrs Approved
MOHAMMAD ZAHEEN KHAN 01234567 Director 01/04/2018 6 yrs Approved
DIPAN JAYKISHOR BHUPTANI 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2018)
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 2026 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
IL&FS ENERGY DEVELOPMENT COMPANY 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
IL&FS ENERGY DEVELOPMENT COMPANY LIMITED Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 55
Growth signals & trust indicators
Operating for 18+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence61/100
Review suggested
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 assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 325.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view32/100
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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
07 Jul 2025
Last AGM held
Annual general meeting
06 Jul 2025
Director ceased
BIBHUDUTTA BISWAL
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Dec 2024
Director appointed
BIBHUDUTTA BISWAL (Director)
26 Sep 2022
Director ceased
MOHAMMAD ZAHEEN KHAN
16 Aug 2022
Director ceased
SANJAY OM PUROHIT
27 Jul 2022
Director appointed
MOHAMMAD ZAHEEN KHAN (Director)
04 Nov 2020
Director ceased
FEBY KOSHY BIN KOSHY
06 Oct 2020
Director ceased
ASHWANI KUMAR
12 Nov 2019
Director ceased
RITENDRA BHATTACHARJEE
24 Jun 2019
Director appointed
RITENDRA BHATTACHARJEE (Director)
13 Mar 2019
Director ceased
PAVAS AGARWAL
28 Sep 2018
Director ceased
SANDEEP HASURKAR
01 Jun 2018
Director ceased
HEMANT KISHANGOPAL THANVI
20 Mar 2018
Director ceased
ATEESH AVINASH SAMANT
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
4 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 2026 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
Fp Andromeda Private Limited U40106TG2021PTC157620 Hyderabad, Telangana, India
Il&Fs Wind Energy Limited U40106MH2013PLC308845 Bandra East, Maharashtra, India
Abc Renewable Energy Private Limited U40108MH2019PTC438212 Mumbai, Maharashtra, India
Electrifiers India Private Limited U31501KA2013PTC070173 Bangalore, Karnataka, India
4Pel Green Energy Private Limited U40100TS2019PTC207272 Secunderabad, Telangana, India
Il&Fs Solar Power Limited U40300MH2010PLC207073 Mumbai, Maharashtra, India
Adani Renewable Energy Holding Two Limited U40106GJ2015PLC082625 Ahmedabad, Gujarat, India
Ibpil U40300DL2011PTC431582 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Vejas Power Projects Limited before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Vejas Power Projects 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 40/100, 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 Vejas Power Projects Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Vejas Power Projects Limited 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 Vejas Power Projects Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Vejas Power Projects Limited an active company?

Vejas Power Projects Limited has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Vejas Power Projects Limited financially healthy?

Vejas Power Projects Limited has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Vejas Power Projects Limited?

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

Who controls Vejas Power Projects Limited?

The ultimate holding entity is IL&FS ENERGY DEVELOPMENT COMPANY LIMITED. 4 active director(s) are on record.

Does Vejas Power Projects Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Vejas Power Projects Limited up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Vejas Power Projects Limited?

Its Credit Risk Score is 40/100 (Caution Indicated). 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.