Promoter holding
64.27%
BI
Biltube Industries Limited - Due diligence report
A 360° intelligence report on Biltube: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Biltube — 360° Intelligence Report
Generated from MCA filings & public records50/100
Trust Score
Moderate
Biltube is assessed as Moderate with a Trust Score of 50/100. Biltube is an active public limited indian non-government company incorporated in 2004, 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 high compliance risk and moderate financial risk profile.
Report generated on 19 Jul 2026 from the latest processed filings. Biltube 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
50/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
18/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 50/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Profitable - internal accruals available.
Charges position: 1 open (30.00 cr) · 15 satisfied (496.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
| Others | 3 | 48.0 cr |
| Idbi Bank Limited | 2 | 48.0 cr |
| Centurion Bank Of Punjab Ltd. | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Indian Bank | 2 | 48.0 cr |
Compliance Score: 18/100 Caution Indicated
- Company status is Active as per MCA.
- Marked ACTIVE non-compliant (INC-22A).
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: NCLT, BANKS.
- Litigation present in 5 court forum(s).
- 1 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANJEEV DINKAR TOLE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ZALAK DHARMENDRABHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ILAHI RAJJAP MULANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAKASH HARAKCHAND BHANDARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ganesh Devram Rakshe | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KIRAN HARAKCHAND BHANDARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aishwarya Tiwari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- KIRAN HARAKCHAND BHANDARI 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 2022)
| 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 2022 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
-
Capital events
3 allotment(s) · 0 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Biltube Europe Limited | Subsidiary Company | 74.00% |
| Biltube Mauritius Limited | Subsidiary Company | 74.00% |
| Pt Biltube Indonesia | Subsidiary Company | 74.00% |
Key managerial personnel: ILAHI RAJJAP MULANI (Whole-time director) · PRAKASH HARAKCHAND BHANDARI (Managing Director) · Ganesh Devram Rakshe (CFO) · KIRAN HARAKCHAND BHANDARI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 22+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
Compliance score is weak (18/100).
1 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 diligence43/100
Caution indicated
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 assessment42/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 30.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view68/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 6 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events05 Sep 2025
Charge created
Others - 30.00 cr
01 Aug 2025
Charge satisfied
Sbicap Trustee Company Limited
25 Jul 2025
Charge satisfied
Others
24 Apr 2025
Director ceased
ILAHI RAJJAP MULANI
16 Apr 2025
Director appointed
Aishwarya Tiwari (Additional Director)
08 Apr 2025
Charge satisfied
Others
01 Feb 2025
Director appointed
SANJEEV DINKAR TOLE (Additional Director)
Director appointed
ZALAK DHARMENDRABHAI SHAH (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
09 Nov 2023
Director appointed
Ganesh Devram Rakshe (CFO)
20 Oct 2021
Charge satisfied
Axis Bank Limited
03 Dec 2018
Director ceased
GANESH DEVRAM RAKSHE
Director ceased
RAJESH SHANKARRAO DEVENE
01 Sep 2017
Director appointed
ILAHI RAJJAP MULANI (Whole-time director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
7 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2022 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.
3 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Sukraft Papers Private Limited | U21090MH2008PTC425993 | Sinnar, Maharashtra, India |
| Deerfos India Private Limited | U21096HR2005PTC035908 | Jhajjr, Haryana, India |
| Sanghvi Woods Private Limited | U36991MH1970PTC014695 | Mumbai, Maharashtra, India |
| Khatemafibres | U21011UR1985PLC007433 | Khatema (Udham Singh Nagar), Uttarakhand, India |
| Oji India Packaging Private Limited | U21019HR2012FTC046291 | Dlf Qe, Haryana, India |
| Loparex | U21010MH1997PTC105130 | Mumbai, Maharashtra, India |
| Vishal Containers Limited | U28129GJ2004PLC044121 | Gandhinagar, Gujarat, India |
| Paper Packaging Private Limited | U21012KA1975PTC002890 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Biltube before audits and certifications: compliance score 18/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Biltube: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 95/100, margin trends, ownership structure and peer set for Biltube - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 50/100, distress signals and MSME payment-delay disclosures - know whether Biltube 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 Biltube - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Biltube an active company?
Biltube has MCA status “Active” with a compliance score of 18/100 (Caution Indicated).
Is Biltube financially healthy?
Biltube has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Biltube?
Its overall Trust Score is 50/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Biltube?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 7 active director(s) are on record.
Does Biltube have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 15 earlier charge(s) stand satisfied.
Is Biltube up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 18/100 (Caution Indicated).
Is it risky to lend to Biltube?
Its Credit Risk Score is 50/100 (Moderate). 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.
