Promoter holding
64.27%
BI
Balkrishna Industries Limited - Due diligence report
A 360° intelligence report on Balkrishna Industries: trust score, financial health, credit view, compliance, directors, growth and distress …
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Balkrishna Industries — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Balkrishna Industries is assessed as Moderate with a Trust Score of 72/100. Balkrishna Industries is an active public limited indian non-government company incorporated in 1961, 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 low financial risk profile.
Report generated on 17 Aug 2026 from the latest processed filings. Balkrishna Industries 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
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 1 open (633.56 cr) · 100 satisfied (3,833.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Axis Trustee Services Limited | 2 | 48.0 cr |
| Corporation Bank | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| State Bank Of India | 11 | 48.0 cr |
| Uti Bank Ltd | 6 | 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: EPFO.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (24 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAHUL YOGENDRA DUTT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MADHU SUDAN BAJAJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LAXMIDAS VALLABHDAS MERCHANT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARVIND PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRUTI ANUP SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJIV PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANNKAJ CHIMANLAL GHADIALI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAYALAXMI PODDAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPUL RAMANLAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPUL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK MAHAVIRPRASAD SARAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NATARAJAN GNANASKANDAN TANJORE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMIT KEVAL KISHOR DAS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vipul Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- AMIT KEVAL KISHOR DAS has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 1 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 2025 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
1
Group entities
1
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bkt Europe S.r.l | Subsidiary Company | 74.00% |
| Bkt Exim Us, Inc | Subsidiary Company | 74.00% |
| Bkt Tires (canada) Inc | Subsidiary Company | 74.00% |
| Bkt Tires, Inc | Subsidiary Company | 74.00% |
| Bkt Usa Inc | Subsidiary Company | 74.00% |
| Bkt Tyres Limited | Subsidiary Company | 74.00% |
Key managerial personnel: MADHU SUDAN BAJAJ (CFO) · ARVIND PODDAR (Managing Director) · RAJIV PODDAR (Whole-time director) · VIPUL SHAH (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
EPFO headcount growing - hiring signal.
Operating for 64+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 30.61 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 633.56 cr already registered.
- Compliance gaps should be priced into terms.
Investor view87/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events17 Jun 2026
Director ceased
MADHU SUDAN BAJAJ
01 Feb 2026
Director appointed
ASHOK MAHAVIRPRASAD SARAF (Director)
Director appointed
NATARAJAN GNANASKANDAN TANJORE (Director)
26 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
13 Feb 2025
Director appointed
AMIT KEVAL KISHOR DAS (Deputy Nodal Officer)
28 Mar 2024
Director appointed
RAHUL YOGENDRA DUTT (Director)
Director appointed
LAXMIDAS VALLABHDAS MERCHANT (Director)
08 Mar 2023
Charge satisfied
State Bank Of India
20 Oct 2022
Charge created
Others - 633.56 cr
03 Sep 2022
Charge satisfied
Axis Bank Limited
07 Jul 2022
Charge satisfied
Ifci Bank
31 Jan 2022
Charge satisfied
Others
20 Nov 2021
Charge created
State Bank Of India - 200.00 cr
28 Oct 2021
Securities allotted
5000 Debentures - 500.00 cr raised
10
Key Observations
Auto-generated from the data aboveRevenue grew 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.
14 active director(s) / partner(s); review board churn before relying on management continuity.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake 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 1 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Welspun Bapl Private Limited | U27100GJ2021PTC124023 | Anjar, Gujarat, India |
| Bharatam Ventures Limited | L66190MH1985PLC037217 | Mumbai, Maharashtra, India |
| Jk Tyres | L67120RJ1951PLC045966 | Kankroli, Rajasthan, India |
| Supreme | L35920MH1942PLC003554 | Mumbai, Maharashtra, India |
| Srf | L18101DL1970PLC005197 | New Delhi, Delhi, India |
| Dalmiacement | U65191TN1996PLC035963 | Tamil Nadu, Tamil Nadu, India |
| Mangal Industries Limited | U15122AP1990PLC011932 | A.P., Andhra Pradesh, India |
| Ceat | L25100MH1958PLC011041 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Balkrishna Industries 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 Balkrishna Industries: 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 95/100, 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 Balkrishna Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Balkrishna Industries 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 Balkrishna Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Balkrishna Industries an active company?
Balkrishna Industries has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Balkrishna Industries financially healthy?
Balkrishna Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Balkrishna Industries?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Balkrishna Industries?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Balkrishna Industries have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 100 earlier charge(s) stand satisfied.
Is Balkrishna Industries 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 Balkrishna Industries?
Its Credit Risk Score is 95/100 (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.
