Promoter holding
64.27%
AI
Apar Industries Limited - Due diligence report
A 360° intelligence report on Apar Industries: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Apar Industries — 360° Intelligence Report
Generated from MCA filings & public records78/100
Trust Score
Low Risk
Apar Industries is assessed as Low Risk with a Trust Score of 78/100. Apar Industries is an active public limited indian non-government company incorporated in 1989, operating in the Chemicals and Materials 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 16 Jul 2026 from the latest processed filings. Apar Industries 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 ScoreLow Risk
78/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
75/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
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
Consolidated · 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: 75/100 Low Risk
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 5 open (9,674.80 cr) · 54 satisfied (19,063.05 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 7 | 48.0 cr |
| Idbi Trusteeship Services Limited | 2 | 48.0 cr |
| Il & Fs Trust Company Limited | 3 | 48.0 cr |
| Union Bank Of India | 13 | 48.0 cr |
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| Syndicate Bank | 3 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSDL, DSE, BSE.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (430 disclosure(s)).
- 33 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NIRUPA KIRAN BHATT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KUSHAL NARENDRA DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHAITANYA NARENDRA DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH SESHAN IYER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RISHABH KUSHAL DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAUSHAL JAYSINGH SAMPAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH NARAYAN SEHGAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sanjaya R Kunder | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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 2024)
| 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 2025 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
2
Group entities
4
Capital events
6 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Apar Distribution & Logistics Private Limited, Wholly Owned Subsidiary Of The Company | Subsidiary Company | 74.00% |
| Apar Industries Middle East Limited, Saudi Arabia, Wholly Owned Subsidiary Of The Company | Subsidiary Company | 74.00% |
| Apar Transmission & Distribution Projects Private Limited | Subsidiary Company | 74.00% |
| Cema Wires & Cables Llc., Usa, Wholly Owned Subsidiary Of The Company | Subsidiary Company | 74.00% |
| Petroleum Specialities Fze, Sharjah, Wholly Owned Subsidiary Of Pspl. | Subsidiary Company | 74.00% |
| Petroleum Specialities Pte. Ltd., Singapore [pspl], Wholly-owned Subsidiary Of The Company. | Subsidiary Company | 74.00% |
| Ampoil Apar Lubricants Private Limited | Associate Company | 74.00% |
| Clean Max Rudra Private Limited | Associate Company | 74.00% |
Key managerial personnel: KUSHAL NARENDRA DESAI (Managing Director) · CHAITANYA NARENDRA DESAI (Managing Director) · RAMESH SESHAN IYER (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 36+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
5 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10.11 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment73/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 9,674.80 cr already registered.
- Compliance gaps should be priced into terms.
Investor view85/100
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 events05 Aug 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Jan 2025
Charge created
Others - 200.00 cr
09 Feb 2024
Charge created
Sbicap Trustee Company Limited - 350.00 cr
19 Jan 2024
Charge satisfied
Others
08 Jan 2024
Director ceased
NIRUPA KIRAN BHATT
26 Oct 2023
Director appointed
NIRUPA KIRAN BHATT (Director)
11 Apr 2023
Charge satisfied
Others
25 Nov 2022
Charge created
Others - 200.00 cr
03 Nov 2022
Director ceased
FATEHCHAND BHAGWANDAS VIRANI
18 Mar 2022
Director ceased
KAUSHAL JAYSINGH SAMPAT
03 Feb 2022
Director appointed
RAMESH SESHAN IYER (CFO)
31 Jan 2022
Director appointed
KAUSHAL JAYSINGH SAMPAT (Director)
04 Nov 2020
Charge created
Sbicap Trustee Company Limited - 199.80 cr
29 Sep 2020
Charge created
Others - 175.00 cr
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
33 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 6 security allotment(s) - amounts available in the full report.
6 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Blue Star | L28920MH1949PLC006870 | Mumbai, Maharashtra, India |
| Motherson Sumi Wiring India Limited | L29306MH2020PLC341326 | Mumbai, Maharashtra, India |
| Uno Minda | L74899DL1992PLC050333 | Delhi, Delhi, India |
| Exide | L31402WB1947PLC014919 | Kolkata, West Bengal, India |
| Bosch | L85110KA1951PLC000761 | Bangalore, Karnataka, India |
| Havells India | L31900DL1983PLC016304 | New Delhi, Delhi, India |
| Bharat Heavy Electricals | L74899DL1964GOI004281 | New Delhi, Delhi, India |
| Hindustan Aeronautics | L35301KA1963GOI001622 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Apar Industries before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Apar Industries: 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 75/100, 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 Apar Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 78/100, distress signals and MSME payment-delay disclosures - know whether Apar Industries 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 Apar Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Apar Industries an active company?
Apar Industries has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Apar Industries financially healthy?
Apar Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Apar Industries?
Its overall Trust Score is 78/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Apar Industries?
Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.
Does Apar Industries have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 54 earlier charge(s) stand satisfied.
Is Apar Industries up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Apar Industries?
Its Credit Risk Score is 75/100 (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.
