Promoter holding
64.27%
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Avery Dennison (India) Private Limited - Due diligence report
A 360° intelligence report on Avery Dennison: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Avery Dennison — 360° Intelligence Report
Generated from MCA filings & public records84/100
Trust Score
Low Risk
Avery Dennison is assessed as Low Risk with a Trust Score of 84/100. Avery Dennison is an active private limited indian non-government company incorporated in 1995, operating in the Packaging 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 moderate compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Avery Dennison (India) Private 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
84/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
62/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
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.
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: 85/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 2 open (2.30 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Bank Of Novascotia | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
Compliance Score: 62/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: B S R & Co. LLP on 2016-09-14.
- Delayed payments to MSME suppliers disclosed (66 disclosure(s)).
- 9 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MUTHUSUBRAMANIAN GANESAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAURABH AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SNEHA ADLAKHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HEMANT KUMAR TEWARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 4 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
Avery Dennison Corporation
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Avery Dennison Corporation | Holding Company | 74.00% |
Key managerial personnel: MUTHUSUBRAMANIAN GANESAN (Whole-time director) · SAURABH AGARWAL (Whole-time director) · HEMANT KUMAR TEWARI (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
Operating for 30+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 48.04 Lakh.
4 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence77/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment81/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 2.30 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth 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 events29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
25 May 2023
Director appointed
HEMANT KUMAR TEWARI (Whole-time director)
Director ceased
HEMANT KUMAR TEWARI
08 Aug 2022
Director appointed
SNEHA ADLAKHA (Company Secretary)
29 Nov 2021
Director ceased
VIVEK KUMAR
30 Nov 2017
Director ceased
MUTHUSUBRAMANIAN GANESAN
Director ceased
SAURABH AGARWAL
Director ceased
PANKAJ KUMAR BHARDWAJ
08 Nov 2017
Director ceased
MAHASWETA GHOSH
31 Jul 2017
Director ceased
ELIF KAGITCIBASI
14 Jun 2017
Director appointed
MUTHUSUBRAMANIAN GANESAN (Whole-time director)
19 Apr 2017
Director appointed
SAURABH AGARWAL (Whole-time director)
01 Apr 2017
Director ceased
MAHESH CHANDRA PATHAK
06 Jan 2017
Director ceased
NIRDESH KARNAWAT
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Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Net worth is positive.
4 active director(s) / partner(s); board looks stable and experienced.
9 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Montage | U74950DL2002PTC114886 | Delhi, Delhi, India |
| Hamiltonindia | U26101DN2000PTC000180 | Silvassa, Dadra & Nagar Haveli, India |
| Firmenich Aromatics Production (India) Private Limited | U24119MH2007FTC170590 | Mumbai, Maharashtra, India |
| Imperial Auto (India) | U74899DL1975PLC007737 | New Delhi, Delhi, India |
| Hll Lifecare | U25193KL1966GOI002621 | Thiruvananthapuram, Kerala, India |
| Covestro | U19113MH1995PTC179724 | Navi Mumbai, Maharashtra, India |
| Ashirvad | U85110KA1997PTC021831 | Anekal, Karnataka, India |
| Atgtire | U25111MH2007PTC172456 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Avery Dennison before audits and certifications: compliance score 62/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Avery Dennison: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Avery Dennison - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 84/100, distress signals and MSME payment-delay disclosures - know whether Avery Dennison 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 Avery Dennison - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Avery Dennison an active company?
Avery Dennison has MCA status “Active” with a compliance score of 62/100 (Moderate).
Is Avery Dennison financially healthy?
Avery Dennison has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Avery Dennison?
Its overall Trust Score is 84/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Avery Dennison?
The ultimate holding entity is Avery Dennison Corporation. 4 active director(s) are on record.
Does Avery Dennison have loans or charges against its assets?
2 open charge(s) are registered against its assets.
Is Avery Dennison up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 62/100 (Moderate).
Is it risky to lend to Avery Dennison?
Its Credit Risk Score is 85/100 (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.
