Promoter holding
64.27%
BH
Bharat Heavy Electricals Limited - Due diligence report
A 360° intelligence report on Bharat Heavy Electricals: trust score, financial health, credit view, compliance, directors, growth and distre…
Full Due-Diligence Report + Documents
- Unlock all financial figures & 5-year trends
- Full trust, health & credit-risk scores
- Director details, charges & MCA documents
₹700
₹449
Save ₹251
excl. GST
Or from ₹279/report with credits
View credit packages
Company Credits – Starter
- One credit unlocks this full due-diligence report
- Use across any company’s report, anytime
- Credits valid for 12 months
Choose your own credit amount
View credit packages
Bharat Heavy Electricals — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Bharat Heavy Electricals is assessed as Moderate with a Trust Score of 74/100. Bharat Heavy Electricals is an active public limited union government company incorporated in 1964, operating in the Energy and Power 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 29 Jul 2026 from the latest processed filings. Bharat Heavy Electricals 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
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Profitable - internal accruals available.
- Externally credit-rated (AA-).
Charges position: 2 open (80,000.00 cr) · 25 satisfied (1,619.87 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 9 | 48.0 cr |
| Canara Bank | 4 | 48.0 cr |
| State Bank Of Hyderabad | 3 | 48.0 cr |
| Andhra Bank | 1 | 48.0 cr |
| Export - Import Bank Of India | 3 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
Compliance Score: 50/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: DSE, EPFO, CBI.
- Litigation present in 5 court forum(s).
- 120 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| BANI VARMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNA KUMAR THAKUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TAJINDER GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KOPPU SADASHIV MURTHY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH KUMAR DWIVEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMESH PATLYA MAWASKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHOK KUMAR ASERI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY MITTAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AASHISH CHATURVEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Serugulathur Mahadevan Ramanathan | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Yogesh R Chhabra | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajesh Kumar Dwivedi | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 11 director exits in 3 years - high churn.
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 2024 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
-
Group entities
3
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ntpc Bhel Power Projects Private Limited | Associate Company | 74.00% |
| Bhel-ge Gas Turbine Services Private Limited | Associate Company | 74.00% |
| Raichur Power Corporation Limited | Associate Company | 74.00% |
Key managerial personnel: BANI VARMA (Whole-time director) · KRISHNA KUMAR THAKUR (Whole-time director) · TAJINDER GUPTA (Whole-time director) · KOPPU SADASHIV MURTHY (Whole-time director) · RAJESH KUMAR DWIVEDI (CFO) · Serugulathur Mahadevan Ramanathan (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 61+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
6 director exits within 2 years.
Compliance score is weak (50/100).
2 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment58/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 80,000.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view82/100
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 events19 Aug 2025
Last AGM held
Annual general meeting
18 Aug 2025
Director ceased
ASHOK KUMAR ASERI
Director ceased
AASHISH CHATURVEDI
Director ceased
Serugulathur Mahadevan Ramanathan
30 Apr 2025
Director appointed
Serugulathur Mahadevan Ramanathan (Whole-time director)
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Mar 2025
Director appointed
ASHOK KUMAR ASERI (Director)
Director appointed
AASHISH CHATURVEDI (Director)
21 Aug 2024
Director ceased
BANI VARMA
Director ceased
TAJINDER GUPTA
Director ceased
RAJESH KUMAR DWIVEDI
24 Jul 2024
Director appointed
Yogesh R Chhabra (Company Secretary)
10 Jul 2024
Director ceased
Rajeev Kalra
03 Jul 2024
Director appointed
Rajesh Kumar Dwivedi (Cfo)
19 Jun 2024
Director appointed
RAJESH KUMAR DWIVEDI (CFO)
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%.
Debt-to-equity stands at 1.42 - leverage worth monitoring.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
120 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of AA- from Indiarating.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Motherson Sumi Wiring India Limited | L29306MH2020PLC341326 | Mumbai, Maharashtra, India |
| Uno Minda | L74899DL1992PLC050333 | Delhi, Delhi, India |
| Exide | L31402WB1947PLC014919 | Kolkata, West Bengal, India |
| Apar Industries | L91110GJ1989PLC012802 | Vadodara, Gujarat, India |
| Bosch | L85110KA1951PLC000761 | Bangalore, Karnataka, India |
| Havells India | L31900DL1983PLC016304 | New Delhi, Delhi, India |
| Hindustan Aeronautics | L35301KA1963GOI001622 | Bangalore, Karnataka, India |
| L&T | L99999MH1946PLC004768 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Bharat Heavy Electricals before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Bharat Heavy Electricals: 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Bharat Heavy Electricals - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Bharat Heavy Electricals pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Bharat Heavy Electricals - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Bharat Heavy Electricals an active company?
Bharat Heavy Electricals has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Bharat Heavy Electricals financially healthy?
Bharat Heavy Electricals has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Bharat Heavy Electricals?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Bharat Heavy Electricals?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Bharat Heavy Electricals have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 25 earlier charge(s) stand satisfied.
Is Bharat Heavy Electricals up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).
Is it risky to lend to Bharat Heavy Electricals?
Its Credit Risk Score is 45/100 (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.
