Viva Highways Limited - Due diligence report

A 360° intelligence report on Viva Highways Limited: trust score, financial health, credit view, compliance, directors, growth and distress …

2001-08-16 Nashik, Maharashtra Active Unlisted Active Compliant
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VH Viva Highways Limited
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Viva Highways Limited — 360° Intelligence Report

Generated from MCA filings & public records
84/100
Trust Score
Low Risk

Viva Highways Limited is assessed as Low Risk with a Trust Score of 84/100. Viva Highways Limited is an active public limited indian non-government company incorporated in 2001, 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 low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Viva Highways 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
60/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 60/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A).

Charges position: 6 open (926.96 cr) · 8 satisfied (268.19 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited1 48.0 cr
Others3 48.0 cr
Idfc Limited3 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Infrstructure Development Finance Company Limited1 48.0 cr
Housing Development Finance Corporation Limited1 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 3 court forum(s).
  • 2 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
MAHENDRA BHOPALSINGH MEHTA 01234567 Director 01/04/2018 6 yrs Approved
ANUP SUBHASHCHANDRA KATARIYA 01234567 Director 01/04/2018 6 yrs Approved
RAJENDRA CHINDULAL BURAD 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2022)
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
Ashoka Buildcon Limited
Subsidiaries
1
Group entities
1
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
Blue Feather Infotech Private Limited Subsidiary Company 74.00%
Ashoka Buildcon Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 75
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 24+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
6 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 diligence80/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment71/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 926.96 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 team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Sep 2025
Last AGM held
Annual general meeting
17 Apr 2025
Charge created
Others - 125.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2024
Director appointed
MAHENDRA BHOPALSINGH MEHTA (Nominee Director)
Director ceased
GYAN CHAND DAGA
14 Sep 2023
Charge created
Hdfc Bank Limited - 14.30 cr
01 Jul 2023
Charge satisfied
Others
25 Feb 2022
Charge created
Others - 25.00 cr
01 Nov 2021
Director ceased
ANKITA ADITYA PARAKH
14 Jan 2021
Charge satisfied
State Bank Of India
22 Jun 2020
Charge created
Hdfc Bank Limited - 20.30 cr
13 Feb 2020
Charge created
State Bank Of India - 45.00 Lakh
04 Oct 2019
Director appointed
ANUP SUBHASHCHANDRA KATARIYA (Nominee Director)
11 Sep 2019
Charge satisfied
Housing Development Finance Corporation Limited
12 Jul 2019
Charge created
Others - 35.00 cr
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 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Icra.
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
Dsl Infra U70102TG2006PTC051181 Hyderabad, Telangana, India
Shivam Greentech Private Limited U45200GJ2006PTC048806 Ahmedbad, Gujarat, India
Ambuja Neotia U65993WB1990PTC049245 Kolkata, West Bengal, India
Royalgolf Link City Projects Private Limited U70102DL2014PTC272023 East Delhi, Delhi, India
Sheesh Mahal Developers Limited U45200PB2004PLC027312 Bathinda, Punjab, India
Fantabulous Town Developers Limited U70101DL2011PLC364078 New Delhi, Delhi, India
Avinash Twin City Private Limited U45200CT2007PTC020430 Raipur, Chattisgarh, India
Mptj Commodities Private Limited U67120DL2005PTC133642 Delhi, Delhi, India
12

Who Uses This Report

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

Verify Viva Highways Limited 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 Viva Highways 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: Favourable lending indicators. Credit risk score 60/100, 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 Viva Highways Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Viva Highways 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 Viva Highways Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Viva Highways Limited an active company?

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

Is Viva Highways Limited financially healthy?

Viva Highways Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Viva Highways Limited?

Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Viva Highways Limited?

The ultimate holding entity is Ashoka Buildcon Limited. 3 active director(s) are on record.

Does Viva Highways Limited have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.

Is Viva Highways Limited 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 Viva Highways Limited?

Its Credit Risk Score is 60/100 (Moderate). 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.