Promoter holding
64.27%
BH
Baharampore-Farakka Highways Limited - Due diligence report
A 360° intelligence report on Hccindia: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Hccindia — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Hccindia is assessed as Low Risk with a Trust Score of 75/100. Hccindia is an active public limited indian non-government company incorporated in 2010, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It reported a loss 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 17 Jul 2026 from the latest processed filings. Baharampore-Farakka Highways 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
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 25/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Externally credit-rated (BB+).
Charges position: 1 open (750.00 cr) · 1 satisfied (745.04 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 2 | 48.0 cr |
Compliance Score: 100/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- 2 active GST registration(s).
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJAY RAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SIPPY NARENDER KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anuj Maitrey | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANMOHAN SHIVKUMAR OJTUWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDRANATH KARATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bhumika Chugh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Chinmay Kumar Ghadei | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Gaurav Tyagi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 directors on the board.
- No disqualified or deactivated DINs.
- 7 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2017)
| 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
Cube Highways And Infrastructure V Pte. Ltd.
Subsidiaries
-
Group entities
-
Capital events
10 allotment(s) · 2 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Cube Highways And Infrastructure V Pte. Ltd. | Holding Company | 74.00% |
Key managerial personnel: SANJAY RAY (CEO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Operating for 16+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
4 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
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 assessment48/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 750.00 cr already registered.
- Compliance record supports lending.
Investor view65/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events16 Jan 2026
Director appointed
MANMOHAN SHIVKUMAR OJTUWALA (Additional Director)
24 Nov 2025
Director appointed
Gaurav Tyagi (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
RAVINDRANATH KARATI
11 Aug 2025
Director appointed
Chinmay Kumar Ghadei (Cfo)
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Nov 2024
Director appointed
RAVINDRANATH KARATI (Director)
25 Sep 2024
Director ceased
SIPPY NARENDER KUMAR
Director ceased
Anuj Maitrey
Director ceased
ANSHUMAN GUPTA
04 Sep 2024
Director appointed
SIPPY NARENDER KUMAR (Director)
16 Aug 2024
Charge satisfied
Others
21 Jun 2024
Director appointed
Anuj Maitrey (Director)
05 Dec 2023
Securities allotted
4890000 Debentures - 48.90 cr raised
30 Nov 2023
Charge created
Others - 750.00 cr
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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%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BB+ from Care.
Promoters hold a dominant controlling 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 10 security allotment(s) - amounts available in the full report.
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| Vadodara Mumbai Expressway Pkg 10 Private Limited | U45204PN2021PTC201124 | Pune, Maharashtra, India |
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| Bhoorathnom Construction Company Private Limited | U45200TG2003PTC041359 | Khairatabad, Telangana, India |
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| Dak Package I Expressway Private Limited | U45209DL2021PTC379132 | Delhi, Delhi, India |
| Haridaspur Paradip Railway Company Limited | U45203OR2006PLC008959 | Bhubaneswar, Orissa, India |
| Spl Infrastructure Private Limited | U74210TN2004PTC053025 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Hccindia before audits and certifications: compliance score 100/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Hccindia: 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 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Hccindia - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Hccindia 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 Hccindia - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Hccindia an active company?
Hccindia has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Hccindia financially healthy?
Hccindia has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Hccindia?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Hccindia?
The ultimate holding entity is Cube Highways And Infrastructure V Pte. Ltd.. 8 active director(s) are on record.
Does Hccindia have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.
Is Hccindia up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 100/100 (Low Risk).
Is it risky to lend to Hccindia?
Its Credit Risk Score is 25/100 (Caution Indicated). 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.
