Promoter holding
64.27%
AP
Ajay Poly Ltd - Due diligence report
A 360° intelligence report on Ajay Poly: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Ajay Poly — 360° Intelligence Report
Generated from MCA filings & public records68/100
Trust Score
Moderate
Ajay Poly is assessed as Moderate with a Trust Score of 68/100. Ajay Poly is an active public limited indian non-government company incorporated in 1980, operating in the Machinery and Equipment 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 high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Ajay Poly Ltd 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
68/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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 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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (BBB-).
Charges position: 9 open (262.39 cr) · 16 satisfied (122.76 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 9 | 48.0 cr |
| Hdfc Bank Limited | 4 | 48.0 cr |
| Citi Bank N.A. | 2 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Icici Bank Limited | 4 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: EPFO.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: SGR & ASSOCIATES on 2021-04-12.
- Delayed payments to MSME suppliers disclosed (13 disclosure(s)).
- 10 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AVANISH SINGH VISEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BINA JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANOJ MAHESHWARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VINOD KUMAR SRIVASTAVA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJEEV JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIKAS MODI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITIN JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RASHMI AGGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Avanish Singh Visen | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Arun Kumar Upadhyay | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vishawjeet Kumar Thakur | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 7 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
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
Key managerial personnel: AVANISH SINGH VISEN (CEO) · RAJEEV JAIN (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 46+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 38% in a year.
7 director exits within 2 years.
Compliance score is weak (32/100).
9 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 15,590.00.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence54/100
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 assessment54/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 262.39 cr already registered.
- Compliance gaps should be priced into terms.
Investor view85/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events27 Sep 2025
Last AGM held
Annual general meeting
26 Sep 2025
Director ceased
MANOJ MAHESHWARI
Director ceased
VINOD KUMAR SRIVASTAVA
Director ceased
VIKAS MODI
Director ceased
RASHMI AGGARWAL
16 Sep 2025
Charge satisfied
Others
22 Aug 2025
Charge created
Citi Bank N.A. - 40.00 cr
20 Aug 2025
Director appointed
MANOJ MAHESHWARI (Director)
Director appointed
RASHMI AGGARWAL (Director)
13 Aug 2025
Charge satisfied
Hdfc Bank Limited
07 Aug 2025
Director appointed
Vishawjeet Kumar Thakur (Cfo)
26 Jul 2025
Director ceased
ANIL KUMAR JHA
Director ceased
SUDHIR ARYA
07 Jul 2025
Charge satisfied
Hdfc Bank Limited
24 May 2025
Charge created
Standard Chartered Bank - 35.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
10 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Crisil.
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.
2 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Lorven Flex And Sack India Private Limited | U25191TG2010PTC068374 | Toopran, Telangana, India |
| Servo Packaging Limited | U31104WB1990PLC049464 | Saltlake, West Bengal, India |
| Stonemen Crafts India Private Limited | U36991UP1995PTC018521 | Agra, Uttar Pradesh, India |
| Kerafibertex International Private Limited | U17214KL2000PTC013970 | Ernakulam, Kerala, India |
| Ruhrpumpen India Private Limited | U29268TN2009FTC071257 | Kancheepuram, Tamil Nadu, India |
| Elgi Rubber Company | L25119TZ2006PLC013144 | Coimbatore South, Tamil Nadu, India |
| Color Granito Private Limited | U26933GJ2015PTC084425 | Ratavirda, Gujarat, India |
| Rubber King Tyres | U25209GJ2016PTC093502 | Ahmedaad, Gujarat, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Ajay Poly before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Ajay Poly: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Ajay Poly - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 68/100, distress signals and MSME payment-delay disclosures - know whether Ajay Poly 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 Ajay Poly - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Ajay Poly an active company?
Ajay Poly has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Ajay Poly financially healthy?
Ajay Poly has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Ajay Poly?
Its overall Trust Score is 68/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Ajay Poly?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 11 active director(s) are on record.
Does Ajay Poly have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Ajay Poly up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Ajay Poly?
Its Credit Risk Score is 45/100 (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.
