Promoter holding
64.27%
BL
Borosil Limited - Due diligence report
A 360° intelligence report on Borosil: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
Borosil — 360° Intelligence Report
Generated from MCA filings & public records75/100
Trust Score
Low Risk
Borosil is assessed as Low Risk with a Trust Score of 75/100. Borosil is an active public limited indian non-government company incorporated in 2010, operating in the Electrnoics 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 13 Jun 2026 from the latest processed filings. Borosil 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 ScoreLow Risk
75/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
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 ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 4 open (286.70 cr) · 11 satisfied (121.80 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 11 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Punjab National Bank | 2 | 48.0 cr |
| State Bank Of Bikaner And Jaipur | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: CDSL.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: VINOD KUNAL & ASSOCIATES on 2016-06-29.
- Delayed payments to MSME suppliers disclosed (3929 disclosure(s)).
- 12 active GST registration(s).
Legal cases on record (3)
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Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| KANWAR BIR SINGH ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADEEP KUMAR KHERUKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHREEVAR KHERUKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANAND MAHENDRA SULTANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHREEVAR KHERUKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KEWAL KUNDANLAL HANDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANUPA RAJIV SAHNEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH CHAUDHARY KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Adarsh Menon | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bhaunik Ashvin Shah | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 10 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
1
Group entities
1
Capital events
22 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Acalypha Realty Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SHREEVAR KHERUKA (CEO) · ANAND MAHENDRA SULTANIA (CFO) · SHREEVAR KHERUKA (CEO) · RAJESH CHAUDHARY KUMAR (Whole-time director)
Full shareholding pattern, group structure & capital events →
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Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
EPFO headcount growing - hiring signal.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (32/100).
4 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 111.66 cr.
3 court case(s) on record - see the legal section for details.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence62/100
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 assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 286.70 cr already registered.
- Compliance gaps should be priced into terms.
Investor view86/100
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.
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MCA Filings & Events Timeline
Latest 15 events26 Dec 2025
Director appointed
Bhaunik Ashvin Shah (Company Secretary)
29 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Feb 2025
Director ceased
ANSHU ARVIND AGARWAL
24 Jan 2025
Director ceased
Adarsh Menon
13 Nov 2024
Director appointed
Adarsh Menon (Director)
13 Jun 2023
Charge created
Hdfc Bank Limited - 26.70 cr
18 Nov 2022
Securities allotted
37200 Equity Shares - 47.52 Lakh raised
20 Oct 2022
Securities allotted
11290 Equity Shares - 24.95 Lakh raised
22 Sep 2022
Securities allotted
70000 Equity Shares - 1.14 cr raised
Securities allotted
22500 Equity Shares - 28.74 Lakh raised
Securities allotted
4500 Equity Shares - 9.95 Lakh raised
24 Aug 2022
Securities allotted
8700 Equity Shares - 11.11 Lakh raised
21 Jul 2022
Securities allotted
4000 Equity Shares - 8.84 Lakh raised
28 Jun 2022
Securities allotted
17500 Equity Shares - 22.36 Lakh raised
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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 - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
12 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 A from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
Capital has been raised through 22 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ebco | U29299MH1973PTC016890 | Mumbai, Maharashtra, India |
| Pciplindia | U24231GJ2002PTC040891 | Vadodara, Gujarat, India |
| Keventer Agro | U15419WB1986PLC040729 | Kolkata, West Bengal, India |
| Gujarat Natural Resources | L27100GJ1991PLC016158 | Ahmadabad City, Gujarat, India |
| Satyendra Packaging Limited | U51100GJ2004PLC045013 | Anand, Gujarat, India |
| Symphony (India) | L32201GJ1988PLC010331 | Ahmedabad, Gujarat, India |
| Spectrum Talent Management | L51100DL2012PLC235573 | Delhi, Delhi, India |
| Pvh Arvind Fashion Private Limited | U52190GJ2011PTC084513 | Ahmedabad, Gujarat, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Borosil before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Borosil: 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 85/100, margin trends, ownership structure and peer set for Borosil - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 75/100, distress signals and MSME payment-delay disclosures - know whether Borosil 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 Borosil - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Borosil an active company?
Borosil has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Borosil financially healthy?
Borosil has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Borosil?
Its overall Trust Score is 75/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Borosil?
Promoters hold a majority stake - exact percentages are in the full report. 10 active director(s) are on record.
Does Borosil have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 11 earlier charge(s) stand satisfied.
Is Borosil up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Borosil?
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.
