Associated Finman Limited - Due diligence report

A 360° intelligence report on Associated Finman Limited: trust score, financial health, credit view, compliance, directors, growth and distr…

1984-08-03 New Delhi, Delhi Active Listed Active Non-Compliant
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Associated Finman Limited — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Associated Finman Limited is assessed as Low Risk with a Trust Score of 88/100. Associated Finman Limited is an active public limited indian non-government company incorporated in 1984, operating in the Financial Services 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 low compliance risk and low financial risk profile.

Report generated on 08 Jul 2026 from the latest processed filings. Associated Finman Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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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: 70/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 80/100 Low Risk
  • Company status is Active as per MCA.
  • Marked ACTIVE non-compliant (INC-22A).
  • Annual filings current (balance sheet Mar 2025).
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
VISHWA BANDHU AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
NAVEEN KUMAR THAKUR 01234567 Director 01/04/2018 6 yrs Approved
SANJU 01234567 Director 01/04/2018 6 yrs Approved
MANISH ARORA 01234567 Director 01/04/2018 6 yrs Approved
Kashish Jain 01234567 Director 01/04/2018 6 yrs Approved
Navneet Tiwari 01234567 Director 01/04/2018 6 yrs Approved
Megha Sharan 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
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
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Key managerial personnel: SANJU (CFO) · MANISH ARORA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 41+ years.
Distress signals & risk flags
No critical warning flags detected in the available data.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view81/100
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 events
12 Feb 2026
Director appointed
Navneet Tiwari (Additional Director)
09 Feb 2026
Director appointed
Megha Sharan (Additional Director)
27 Sep 2025
Last AGM held
Annual general meeting
04 May 2025
Director ceased
VISHWA BANDHU AGARWAL
Director ceased
NAVEEN KUMAR THAKUR
04 Apr 2025
Director appointed
Kashish Jain (Company Secretary)
31 Mar 2025
Director appointed
VISHWA BANDHU AGARWAL (Director)
Latest balance sheet
Filed with ROC
03 Feb 2025
Director appointed
NAVEEN KUMAR THAKUR (Director)
24 May 2023
Director appointed
SANJU (CFO)
24 May 2019
Director ceased
MANISH ARORA
23 May 2019
Director ceased
DHIRAJ GUPTA
21 Feb 2019
Director ceased
VIPIN VERMA
30 Sep 2015
Director ceased
ANJU DEVI
01 Dec 2014
Director ceased
RAJ KUMAR RUSTAGI
10

Key Observations

Auto-generated from the data above
Revenue declined 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority stake as per the FY 2025 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Nilkanth Engineering Limited L27300MH1983PLC029360 Mumbai, Maharashtra, India
Photon Capital Advisors Limited L65910TG1983PLC004368 Hyderabad, Telangana, India
Shatabadi Finlease And Securities Limited U74899DL1995PLC065058 New Delhi, Delhi, India
Ganges Securities Limited L74120UP2015PLC069869 Sitapur, Uttar Pradesh, India
Nippon Commercial Co Ltd U29193WB1983PLC035760 Kolkata, West Bengal, India
Bharat Bhushan Share & Commodi L67120DL1992PLC049038 New Delhi, Delhi, India
R R Securities Ltd L67910GJ1993PLC020169 Ahmedabad, Gujarat, India
Prabhat India Ltd L65910WB1983PLC036772 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Associated Finman Limited before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Associated Finman Limited: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Associated Finman Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Associated Finman Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Associated Finman Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Associated Finman Limited an active company?

Associated Finman Limited has MCA status “Active” with a compliance score of 80/100 (Low Risk).

Is Associated Finman Limited financially healthy?

Associated Finman Limited has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Associated Finman Limited?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Associated Finman Limited?

Promoters hold a minority stake - exact percentages are in the full report. 7 active director(s) are on record.

Does Associated Finman Limited have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Associated Finman Limited up to date with its ROC filings?

Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 80/100 (Low Risk).

Is it risky to lend to Associated Finman Limited?

Its Credit Risk Score is 70/100 (Moderate). 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.