Adani Forwarding Agent Limited - Due diligence report

A 360° intelligence report on Adani Forwarding Agent Limited: trust score, financial health, credit view, compliance, directors, growth and …

2010-09-14 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Adani Forwarding Agent Limited — 360° Intelligence Report

Generated from MCA filings & public records
94/100
Trust Score
Low Risk

Adani Forwarding Agent Limited is assessed as Low Risk with a Trust Score of 94/100. Adani Forwarding Agent Limited is an active public limited indian non-government company incorporated in 2010, operating in the Warehousing 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. Adani Forwarding Agent 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
94/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
90/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
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.

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: 90/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 1 open (828.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SHAILENDRA KUMAR SHARMA 01234567 Director 01/04/2018 6 yrs Approved
SHIRISH MADHUBHAI SATODIA 01234567 Director 01/04/2018 6 yrs Approved
ANAND JAGDISH PRASAD SINGHAL 01234567 Director 01/04/2018 6 yrs Approved
NISHA KAPOOR 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
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
Adani Logistics Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 1 transfer(s)

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

Group entityRelationship% held
Adani Logistics Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence95/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment92/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 828.00 cr already registered.
  • Compliance record supports lending.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
19 Jun 2025
Last AGM held
Annual general meeting
18 Jun 2025
Director ceased
NISHA KAPOOR
23 May 2025
Charge created
Idbi Trusteeship Services Limited - 828.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Jul 2024
Director appointed
NISHA KAPOOR (Director)
18 Jun 2024
Director ceased
SHAILENDRA KUMAR SHARMA
01 Nov 2023
Director appointed
SHAILENDRA KUMAR SHARMA (Director)
23 Jul 2023
Director ceased
ANAND JAGDISH PRASAD SINGHAL
18 Mar 2023
Director appointed
ANAND JAGDISH PRASAD SINGHAL (Director)
22 Jul 2022
Director ceased
SAJAL MITTRA
Director ceased
ASHOK KUMAR PRASAD
30 Jun 2022
Director ceased
ROHIT VYAS
19 Jan 2022
Director ceased
SUMANTA NASKAR
25 Oct 2021
Director ceased
MANOJ KUMAR CHANDUKA
08 Jul 2021
Director ceased
SHIRISH MADHUBHAI SATODIA
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); board looks stable and experienced.
2 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ameya Logistics U63030MH2003PTC142331 Raigad, Maharashtra, India
Exim Logistics U63012OR2006PTC009039 Bhubaneswar, Orissa, India
Origo India U51103DL2011PTC213352 New Delhi, Delhi, India
Kintetsu World Express (India) Private Limited U63023KA1997PTC022093 Bangalore, Karnataka, India
Capricorn Logistics U63090MH2001PTC133716 Mumbai, Maharashtra, India
Yusen Logistics U63010HR1998PTC042267 Gurgoan, Haryana, India
Air India Sats U74900DL2010PTC201763 New Delhi, Delhi, India
Flyjac Logistics U63000MH2008PTC180548 Mumbai, Maharashtra, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Adani Forwarding Agent 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 90/100, 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 Adani Forwarding Agent Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 94/100, distress signals and MSME payment-delay disclosures - know whether Adani Forwarding Agent Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Adani Forwarding Agent Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Adani Forwarding Agent Limited an active company?

Adani Forwarding Agent Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Adani Forwarding Agent Limited financially healthy?

Adani Forwarding Agent Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Adani Forwarding Agent Limited?

Its overall Trust Score is 94/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Adani Forwarding Agent Limited?

The ultimate holding entity is Adani Logistics Limited. 4 active director(s) are on record.

Does Adani Forwarding Agent Limited have loans or charges against its assets?

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

Is Adani Forwarding Agent Limited up to date with its ROC filings?

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

Is it risky to lend to Adani Forwarding Agent Limited?

Its Credit Risk Score is 90/100 (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.