Ashok Leyland Limited - Due diligence report

A 360° intelligence report on Hinduja Tech: trust score, financial health, credit view, compliance, directors, growth and distress signals -…

1948-09-07 Chennai, Tamil Nadu Active Listed Active Compliant
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AL Ashok Leyland Limited
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Hinduja Tech — 360° Intelligence Report

Generated from MCA filings & public records
66/100
Trust Score
Moderate

Hinduja Tech is assessed as Moderate with a Trust Score of 66/100. Hinduja Tech is an active public limited indian non-government company incorporated in 1948, operating in the Automotive 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 moderate financial risk profile.

Report generated on 02 Jul 2026 from the latest processed filings. Ashok Leyland Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Good

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 ScoreModerate
66/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
65/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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 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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (AA).

Charges position: 7 open (5,100.00 cr) · 67 satisfied (6,168.26 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India29 48.0 cr
Others7 48.0 cr
Sbicap Trustee Company Limited6 48.0 cr
Central Bank Of India Limited2 48.0 cr
Hdfc Bank Limited3 48.0 cr
Axis Bank Limited2 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: DSE, NSE, EPFO.
  • Litigation present in 5 court forum(s).
  • Delayed payments to MSME suppliers disclosed (10 disclosure(s)).
  • 24 active GST registration(s).
Legal cases on record (5)
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
VENKATARAMANI SUMANTRAN 01234567 Director 01/04/2018 6 yrs Approved
NATARAJAN RAMANATHAN 01234567 Director 01/04/2018 6 yrs Approved
SHENU AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
Thomas Dauner 01234567 Director 01/04/2018 6 yrs Approved
SRIDHARAN KESAVAN 01234567 Director 01/04/2018 6 yrs Approved
SHENU AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
RAMANATHAN NATARAJAN 01234567 Director 01/04/2018 6 yrs Approved
GOPAL MAHADEVAN 01234567 Director 01/04/2018 6 yrs Approved
KIDAMBI MANI BALAJI 01234567 Director 01/04/2018 6 yrs Approved
JOSE MARIA ALAPONT 01234567 Director 01/04/2018 6 yrs Approved
SAUGATA GUPTA 01234567 Director 01/04/2018 6 yrs Approved
DHEERAJ GOPICHAND HINDUJA 01234567 Director 01/04/2018 6 yrs Approved
GEETA MATHUR 01234567 Director 01/04/2018 6 yrs Approved
SHOM ASHOK HINDUJA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY KHATAU ASHER 01234567 Director 01/04/2018 6 yrs Approved
Natarajan Ramanathan 01234567 Director 01/04/2018 6 yrs Approved
Sven Christoph Ennerst 01234567 Director 01/04/2018 6 yrs Approved
Kidambi Mani Balaji 01234567 Director 01/04/2018 6 yrs Approved
  • 18 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2025)
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 2025 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
-
Subsidiaries
6
Group entities
13
Capital events
12 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
Albonair (india) Private Limited Subsidiary Company 74.00%
Albonair Gmbh Subsidiary Company 74.00%
Ashley Aviation Limited Subsidiary Company 74.00%
Ashok Leyland (chile), S.a. Subsidiary Company 74.00%
Ashok Leyland (uae) Llc Subsidiary Company 74.00%
Ashok Leyland Nigeria Limited Subsidiary Company 74.00%
Vishwa Buses And Coaches Limited Subsidiary Company 74.00%
Gulf Ashley Motor Limited Subsidiary Company 74.00%
Optare Plc., U.k. Subsidiary Company 74.00%
Hlf Services Limited Subsidiary Company 74.00%

Key managerial personnel: SHENU AGARWAL (CEO) · SHENU AGARWAL (Managing Director) · GOPAL MAHADEVAN (Whole-time director) · KIDAMBI MANI BALAJI (CFO) · DHEERAJ GOPICHAND HINDUJA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 90 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 77+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 director exits within 2 years.
Compliance score is weak (42/100).
7 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.95 cr.
5 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence56/100
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 assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 7 open charge(s) of 5,100.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view75/100
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
03 Nov 2025
Charge created
Axis Bank Limited - 350.00 cr
04 Oct 2025
Director ceased
SRIDHARAN KESAVAN
Director ceased
GEETA MATHUR
16 Sep 2025
Charge satisfied
State Industries Promotion Corporation Of Tamilnadu Limited
31 Aug 2025
Charge satisfied
Others
25 Aug 2025
Director appointed
SRIDHARAN KESAVAN (Director)
Director appointed
GEETA MATHUR (Director)
14 Aug 2025
Last AGM held
Annual general meeting
13 Aug 2025
Director ceased
Sven Christoph Ennerst
01 Jun 2025
Director appointed
Sven Christoph Ennerst (Director)
13 May 2025
Charge satisfied
Axis Bank Limited
31 Mar 2025
Latest balance sheet
Filed with ROC
14 Oct 2024
Director appointed
Kidambi Mani Balaji (Cfo)
14 Aug 2024
Director appointed
SANJAY KHATAU ASHER (Director)
13 Aug 2024
Director appointed
Natarajan Ramanathan (Company Secretary)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
18 active director(s) / partner(s); board looks stable and experienced.
24 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 12 security allotment(s) - amounts available in the full report.
111 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Titagarh L27320WB1997PLC084819 Kolkata, West Bengal, India
Electrotherm L29249GJ1986PLC009126 Ahmadabad City, Gujarat, India
Endurancegroup L34102MH1999PLC123296 Chhatrapati Sambhajinagar, Maharashtra, India
Eicher L34102DL1982PLC129877 New Delhi, Delhi, India
Tvsmotor L35921TN1992PLC022845 Chennai, Tamil Nadu, India
Suzukimotorcycle U34200GJ2014FTC079460 Hansalpur, Gujarat, India
Hyundai L29309TN1996PLC035377 -Puram District.602 105. T.N., Tamil Nadu, India
Marutisuzuki L34103DL1981PLC011375 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Hinduja Tech 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 Hinduja Tech: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Hinduja Tech - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 66/100, distress signals and MSME payment-delay disclosures - know whether Hinduja Tech pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Hinduja Tech - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hinduja Tech an active company?

Hinduja Tech has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Hinduja Tech financially healthy?

Hinduja Tech has a Financial Health Score of 65/100 (Moderate) based on its filed financial statements.

Should I do business with Hinduja Tech?

Its overall Trust Score is 66/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hinduja Tech?

Promoters hold the largest single block of equity - exact percentages are in the full report. 18 active director(s) are on record.

Does Hinduja Tech have loans or charges against its assets?

7 open charge(s) are registered against its assets, and 67 earlier charge(s) stand satisfied.

Is Hinduja Tech 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 Hinduja Tech?

Its Credit Risk Score is 50/100 (Moderate). 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.