Promoter holding
64.27%
BB
Blue Blends (India) Limited - Due diligence report
A 360° intelligence report on Blueblends: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Blueblends — 360° Intelligence Report
Generated from MCA filings & public records54/100
Trust Score
Moderate
Blueblends is assessed as Moderate with a Trust Score of 54/100. Blueblends is an active public limited indian non-government company incorporated in 1981, operating in the Fashion and Textile 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 moderate compliance risk and high financial risk profile.
Report generated on 19 Jul 2026 from the latest processed filings. Blue Blends (India) 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
54/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
25/100
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 ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
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 (D).
Charges position: 1 open (39.08 cr) · 57 satisfied (352.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Edelweiss Asset Reconstruction Company Limited | 14 | 48.0 cr |
| Canara Bank | 20 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Il & Fs Trust Company Limited | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
| Scici Ltd. | 2 | 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, NCLT, MSEI.
- Litigation present in 3 court forum(s).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KUNAL SALAWAT KANHAIYALAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| REKHA RAMDULAR JAISWAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHINTAN BHARATBHAI DOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JANARDAN JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Aditya Mayank Parekh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ritesh Rajkumar Chokhani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shivam Umesh Kangokar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Devanshi Jayantibhai Bhanushali | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jahnavi Chintan Mehta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ritesh Rajkumar Chokhani | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 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 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
3
Capital events
7 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bindal Synthetics Pvt Ltd | Subsidiary Company | 74.00% |
| Blue Blends Petrochemicals Limited | Associate Company | 74.00% |
| Cressida Traders Private Limited | Associate Company | 74.00% |
Key managerial personnel: Aditya Mayank Parekh (Managing Director) · Ritesh Rajkumar Chokhani (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 50
Growth signals & trust indicators
Operating for 45+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
7 director exits within 2 years.
Compliance score is weak (50/100).
1 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence51/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 3 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment31/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 39.08 cr already registered.
- Compliance gaps should be priced into terms.
Investor view38/100
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 team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events03 Nov 2025
Director appointed
Ritesh Rajkumar Chokhani (Cfo)
13 Aug 2025
Director appointed
Shivam Umesh Kangokar (Company Secretary)
24 Jul 2025
Director ceased
KUNAL SALAWAT KANHAIYALAL
Director ceased
Aditya Mayank Parekh
Director ceased
Ritesh Rajkumar Chokhani
15 Jul 2025
Director appointed
Devanshi Jayantibhai Bhanushali (Additional Director)
14 Jul 2025
Director ceased
Jahnavi Chintan Mehta
08 Jul 2025
Director appointed
Jahnavi Chintan Mehta (Additional Director)
Director ceased
CHINTAN BHARATBHAI DOSHI
26 May 2025
Charge satisfied
Idbi Trusteeship Services Limited
07 May 2025
Director appointed
Aditya Mayank Parekh (Managing Director)
Director appointed
Ritesh Rajkumar Chokhani (Whole-time director)
Director ceased
ANAND CHANDULAL ARYA
Director ceased
REKHA RAMDULAR JAISWAR
21 Apr 2025
Director appointed
KUNAL SALAWAT KANHAIYALAL (Additional Director)
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
2 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 D from Brickwork.
Promoters hold a majority 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 7 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Rril Limited | L17121MH1991PLC257750 | Mumbai, Maharashtra, India |
| Aananda Lakshmi Spinning Mills Limited | L17121TG2013PLC086564 | Secunderabad, Telangana, India |
| Pushpsons Industries Limited | L74899DL1994PLC059950 | New Delhi, Delhi, India |
| Katare Spinning Mills | L17119PN1980PLC022962 | Solapur, Maharashtra, India |
| Skinternationalexport | L18109MH2018PLC314141 | Mumbai, Maharashtra, India |
| Cosmic Industries Ltd. | L51109WB1983PLC036089 | Kolkata, West Bengal, India |
| United Leasing And Industries Limited | L17100HR1983PLC033460 | Haryana, Haryana, India |
| Pragati Defence Solutions Private Limited | U29200CT2022PTC013342 | Bilaspur, Chattisgarh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Blueblends 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 Blueblends: 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 25/100, 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 Blueblends - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 54/100, distress signals and MSME payment-delay disclosures - know whether Blueblends pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Blueblends - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Blueblends an active company?
Blueblends has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Blueblends financially healthy?
Blueblends has a Financial Health Score of 25/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Blueblends?
Its overall Trust Score is 54/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Blueblends?
Promoters hold a majority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Blueblends have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 57 earlier charge(s) stand satisfied.
Is Blueblends 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 Blueblends?
Its Credit Risk Score is 25/100 (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.
