Promoter holding
64.27%
BV
Bil Vyapar Limited - Due diligence report
A 360° intelligence report on Binani Industries: trust score, financial health, credit view, compliance, directors, growth and distress sign…
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Binani Industries — 360° Intelligence Report
Generated from MCA filings & public records24/100
Trust Score
Caution Indicated
Binani Industries is assessed as Caution Indicated with a Trust Score of 24/100. Binani Industries is a public limited indian non-government company incorporated in 1962, operating in the Manufacturing sector. Reported revenue has declined 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 high compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Bil Vyapar 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 ScoreCaution Indicated
24/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
5/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
5/100
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: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
Charges position: 11 open (3,033.16 cr) · 9 satisfied (146.30 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Central Bank Of India | 1 | 48.0 cr |
| The Industrial Credit And Investment Corporation Of India Ltd | 1 | 48.0 cr |
| Bank Of Baroda | 2 | 48.0 cr |
| Icici Ltd. | 1 | 48.0 cr |
| The Indusiand Bank Limited | 1 | 48.0 cr |
| The Indusind Bank Limited | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, NSE, MSEI.
- Litigation present in 4 court forum(s).
- 1 auditor resignation(s) filed - latest: MSKA & ASSOCIATES on 2019-11-26.
- Delayed payments to MSME suppliers disclosed (5 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MANOJ THAKORLAL SHROFF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTWANA TODI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAYYAR VENKITESWARAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH KUMAR BAGRI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Archana Manoj Shroff | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARCHANA MANOJ SHROFF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PANKTI YOGESH PATEL POOJARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADYUT MEYUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJIB MAITY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MILIN JAGDISH RAMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISALAKSHI SRIDHAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTWANA TODI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- SANTWANA TODI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 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 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
-
Subsidiaries
1
Group entities
1
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Global Composite Holdings Inc, (usa) | Subsidiary Company | 74.00% |
| Royal Vision Projects Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: Archana Manoj Shroff (CFO) · ARCHANA MANOJ SHROFF (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 5
Growth signals & trust indicators
Operating for 63+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 38% in a year.
Negative net worth.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
11 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.45 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence11/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 5 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment21/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 3,033.16 cr already registered.
- Compliance gaps should be priced into terms.
Investor view24/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events23 Dec 2025
Director appointed
SUBODH KUMAR AGRAWAL (IRP/RP/Liquidator)
16 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Apr 2024
Director ceased
Archana Manoj Shroff
19 Feb 2024
Director appointed
ARCHANA MANOJ SHROFF (CFO)
09 Feb 2024
Director appointed
Archana Manoj Shroff (CFO)
19 Jan 2024
Director appointed
SANTWANA TODI (Company Secretary)
16 Jan 2024
Director appointed
SANTWANA TODI (Company Secretary)
31 Dec 2023
Director ceased
ASHISH DHIRAJLAL TURAKHIA
17 Jul 2023
Director ceased
PANKTI YOGESH PATEL POOJARI
Director ceased
MILIN JAGDISH RAMANI
28 Apr 2023
Director appointed
PANKTI YOGESH PATEL POOJARI (Director)
Director appointed
MILIN JAGDISH RAMANI (Director)
27 Sep 2022
Director ceased
BRAJ BHUSHANDAS BINANI
31 Mar 2022
Director ceased
MANOJ THAKORLAL SHROFF
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
13 active director(s) / partner(s); review board churn before relying on management continuity.
2 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a majority 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 3 security allotment(s) - amounts available in the full report.
32 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Thesakugroup | U22211DL1999PTC100330 | New Delhi, Delhi, India |
| Vision Books Private Limited | U74899DL1975PTC007763 | New Delhi, Delhi, India |
| Letsconverse Consulting Private Limited | U74900WB2013PTC196705 | Kolkata, West Bengal, India |
| Multimedia Features Private Limited | U74300MH2001PTC133864 | Jalgaon, Maharashtra, India |
| Bastiram Narayandas Sarda Private Limited | U16003MH1968PTC437882 | Nashik, Maharashtra, India |
| Vikram Ent Hospital | U72900TZ2018PTC029939 | Coimbatore, Tamil Nadu, India |
| Leadstart | U22110MH2007PTC171902 | Mumbai, Maharashtra, India |
| Ameco Papers Private Limited | U21093RJ2021PTC078565 | Jaipur, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Binani Industries before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Binani 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: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Binani Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 24/100, distress signals and MSME payment-delay disclosures - know whether Binani 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 Binani Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Binani Industries an active company?
Binani Industries has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Binani Industries financially healthy?
Binani Industries has a Financial Health Score of 5/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Binani Industries?
Its overall Trust Score is 24/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Binani Industries?
Promoters hold a majority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Binani Industries have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.
Is Binani Industries up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Binani Industries?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
