Promoter holding
64.27%
AE
Angul Energy Limited - Due diligence report
A 360° intelligence report on Bhushanenergy: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Bhushanenergy — 360° Intelligence Report
Generated from MCA filings & public records57/100
Trust Score
Moderate
Bhushanenergy is assessed as Moderate with a Trust Score of 57/100. Bhushanenergy is a public limited indian non-government company incorporated in 2005, operating in the Energy and Power sector. Reported revenue has declined 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 09 Aug 2026 from the latest processed filings. Angul Energy Limited 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
57/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 43 satisfied (7,618.30 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 8 | 48.0 cr |
| Axis Bank Limited | 7 | 48.0 cr |
| Uco Bank | 5 | 48.0 cr |
| L&T Infrastructure Finance Company Limited | 1 | 48.0 cr |
| Allahabad Bank | 5 | 48.0 cr |
| L & T Finance Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2023 - filings overdue.
- Flagged by authority: SEBI, NCLT, BANKS.
- Litigation present in 4 court forum(s).
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| INDRAJIT ROY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJIB NANDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANSUMAN DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RUPESH PURWAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SOUGATA RAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH PANDEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Indrajit Roy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEENA LALL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- 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
Tata Steel Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Tata Steel Limited | Holding Company | 74.00% |
Key managerial personnel: INDRAJIT ROY (CFO) · RAJESH KUMAR AGRAWAL (Managing Director) · Indrajit Roy (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 40
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 20+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence31/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events10 Jan 2024
Director appointed
Indrajit Roy (CFO)
29 Dec 2023
Director appointed
INDRAJIT ROY (CFO)
26 Sep 2023
Last AGM held
Annual general meeting
31 Mar 2023
Latest balance sheet
Filed with ROC
24 Sep 2021
Director ceased
RAJESH KUMAR AGRAWAL
13 Jul 2021
Director appointed
RAJESH KUMAR AGRAWAL (Managing Director)
16 Jun 2021
Director ceased
HARBINDER SINGH DEEPAK
17 Aug 2020
Director ceased
SHAILESH VERMA
Director ceased
DEBOJYOTI ROY
15 Nov 2019
Director ceased
SANJIB NANDA
Director ceased
ANSUMAN DAS
Director ceased
SOUGATA RAY
Director ceased
SUBODH PANDEY
Director ceased
MEENA LALL
27 Sep 2019
Director appointed
ANSUMAN DAS (Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 43 registered charge(s) stand satisfied - past borrowings repaid.
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 5 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Reliancepower | U40102MH2000PTC127479 | Mumbai, Maharashtra, India |
| Ktl | U40300HR2015PLC104647 | Gurgaon, Haryana, India |
| Azurepower | U40106DL2016PTC300663 | New Delhi, Delhi, India |
| Hppcl | U40101HP2006SGC030591 | Shimla, Himachal Pradesh, India |
| Azure Power Thirty Three Private Limited | U40300DL2016PTC298811 | New Delhi, Delhi, India |
| Utopian Sugars Limited | U15421PN2010PLC135737 | Pandharpur, Maharashtra, India |
| Sun Automation Limited | U74999MH1996PLC101658 | Mumbai, Maharashtra, India |
| Jharkhand Urja Sancharan Nigam Limited | U40108JH2013SGC001704 | Ranchi, Jharkhand, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Bhushanenergy before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Bhushanenergy: 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Bhushanenergy - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 57/100, distress signals and MSME payment-delay disclosures - know whether Bhushanenergy pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Bhushanenergy - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Bhushanenergy an active company?
Bhushanenergy has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).
Is Bhushanenergy financially healthy?
Bhushanenergy has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.
Should I do business with Bhushanenergy?
Its overall Trust Score is 57/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Bhushanenergy?
The ultimate holding entity is Tata Steel Limited. 9 active director(s) are on record.
Does Bhushanenergy have loans or charges against its assets?
No open charges - all 43 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Bhushanenergy up to date with its ROC filings?
Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Bhushanenergy?
Its Credit Risk Score is 95/100 (Low Risk). 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.
