Promoter holding
64.27%
AC
Ashoka Concessions Limited - Due diligence report
A 360° intelligence report on Tpcodl: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Tpcodl — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Tpcodl is assessed as Moderate with a Trust Score of 71/100. Tpcodl is an active public limited indian non-government company incorporated in 2011, operating in the Infrastructure and Utilities 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 low compliance risk and high financial risk profile.
Report generated on 27 Jul 2026 from the latest processed filings. Ashoka Concessions 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
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
81/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 14 open (6,846.50 cr) · 6 satisfied (2,587.31 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 12 | 48.0 cr |
| Idbi Trusteeship Services Limited | 5 | 48.0 cr |
| Axis Trustee Services Limited | 1 | 48.0 cr |
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
Compliance Score: 81/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 1 court forum(s).
- 11 active GST registration(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MAHENDRA BHOPALSINGH MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHILPA HIRAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDRA MOOLCHAND VIJAYVARGIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARESH CHATURSINHA MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDRA MOOLCHAND VIJAYVARGIYA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHISH ASHOK KATARIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SACHIN RAJENDRA SINGHVI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POOJA LOPES ALWIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SATISH DHONDULAL PARAKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 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
-
Subsidiaries
6
Group entities
8
Capital events
12 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ashoka Ankleshwar Manubar Expressway Private Limited | Subsidiary Company | 74.00% |
| Ashoka Belgaum Dharwad Tollway Limited | Subsidiary Company | 74.00% |
| Ashoka Belgaum Khanapur Road Private Limited` | Subsidiary Company | 74.00% |
| Ashoka Mallasandra Karadi Road Private Limited | Subsidiary Company | 74.00% |
| Ashoka Karadi Banwara Road Private Limited | Subsidiary Company | 74.00% |
| Ashoka Dhankuni Kharagpur Tollway Limited | Subsidiary Company | 74.00% |
| Ashoka Ranastalam Anandapuram Road Limited | Subsidiary Company | 74.00% |
| Ashoka Khairatunda Barwa Adda Road Limited | Subsidiary Company | 74.00% |
| Ashoka Kharar Ludhiana Road Limited | Subsidiary Company | 74.00% |
| Ashoka Sambalpur Baragarh Tollway Limited | Subsidiary Company | 74.00% |
Key managerial personnel: RAVINDRA MOOLCHAND VIJAYVARGIYA (CFO) · RAVINDRA MOOLCHAND VIJAYVARGIYA (CFO) · ASHISH ASHOK KATARIA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 55
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
14 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment57/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 14 open charge(s) of 6,846.50 cr already registered.
- Compliance record supports lending.
Investor view62/100
Mixed 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 events24 Oct 2025
Charge created
Others - 262.61 cr
30 Sep 2025
Last AGM held
Annual general meeting
11 Sep 2025
Charge satisfied
Others
23 May 2025
Charge created
Others - 361.00 cr
22 May 2025
Charge satisfied
Others
29 Apr 2025
Director ceased
SACHIN RAJENDRA SINGHVI
31 Mar 2025
Director appointed
SACHIN RAJENDRA SINGHVI (Director)
31 Mar 2024
Director appointed
MAHENDRA BHOPALSINGH MEHTA (Nominee Director)
Director ceased
GYAN CHAND DAGA
Latest balance sheet
Filed with ROC
11 Mar 2024
Charge created
Others - 220.64 cr
05 Mar 2024
Charge created
Sbicap Trustee Company Limited - 700.00 cr
30 Jan 2024
Charge satisfied
Others
23 May 2023
Director appointed
POOJA LOPES ALWIN (Company Secretary)
30 Apr 2023
Director ceased
POOJA LOPES ALWIN
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Compliance record is strong - status, filings and flags are clean.
9 active director(s) / partner(s); board looks stable and experienced.
11 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 A from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 12 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Edacengineering | U45201TN1987PLC014584 | Tamilnadu, Tamil Nadu, India |
| Avexacorporation | U45200TG2005PTC045969 | Hyderabad, Telangana, India |
| Ashoka | U74999MH2007PLC168772 | Mumbai, Maharashtra, India |
| Dilipbuildcon | U45309MH2017PTC381263 | Mumbai, Maharashtra, India |
| Bihar Rajya Pul Nirman Nigam Limited | U45201BR1975SGC001208 | Patna, Bihar, India |
| Mms Infratech Private Limited | U45204GJ2012PTC072149 | Ajnar, Gujarat, India |
| Unique Structures & Towers Limited | U27310CT1985PLC002887 | C.G., Chattisgarh, India |
| Raj Path Infracon Pn 42 Private Limited | U45309PN2018PTC180915 | Pune City, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Tpcodl before audits and certifications: compliance score 81/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Tpcodl: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Tpcodl - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Tpcodl pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Tpcodl - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Tpcodl an active company?
Tpcodl has MCA status “Active” with a compliance score of 81/100 (Low Risk).
Is Tpcodl financially healthy?
Tpcodl has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Tpcodl?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Tpcodl?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Tpcodl have loans or charges against its assets?
14 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Tpcodl up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 81/100 (Low Risk).
Is it risky to lend to Tpcodl?
Its Credit Risk Score is 55/100 (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.
