Promoter holding
64.27%
BI
Britannia Industries Ltd - Due diligence report
A 360° intelligence report on Britannia Industries: trust score, financial health, credit view, compliance, directors, growth and distress s…
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Britannia Industries — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Britannia Industries is assessed as Moderate with a Trust Score of 74/100. Britannia Industries is an active public limited indian non-government company incorporated in 1918, operating in the Food and Beverages 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 17 Aug 2026 from the latest processed filings. Britannia Industries Ltd 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
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 ScoreCaution Indicated
45/100
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
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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 0 open (-) · 6 satisfied (2,003.60 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Central Bank Of India | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
| Bank Of America National Trust And Savings Association | 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: BSE, EPFO, SEBI.
- Litigation present in 4 court forum(s).
- 46 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SUNIL SIDDHARTH LALBHAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NATARAJAN VENKATARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJNEET SINGH KOHLI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJNEET SINGH KOHLI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAKSHIT HARGAVE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRADIP MANILAL KANAKIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| YASHWANT SHANKARRAO PATIL THORAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JEHANGIR NUSLI WADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NUSLI NEVILLE WADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| URJIT RAVINDRA PATEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY SHAH NAROTTAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| THULSIDASS VELAYUDHAN THARAYIL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATARAMAN NATARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NESS NUSLI WADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH KUMAR BATRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANYA ARVIND DUBASH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Varun Berry | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rakshit Hargave | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 18 directors on the board.
- RAKSHIT HARGAVE 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 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
6
Group entities
6
Capital events
21 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Boribunder Finance And Investments Private Limited | Subsidiary Company | 74.00% |
| Britannia And Associates (dubai) Private Company Limited | Subsidiary Company | 74.00% |
| Britannia And Associates (mauritius) Private Limited | Subsidiary Company | 74.00% |
| Britannia Bangladesh Private Limited | Subsidiary Company | 74.00% |
| Britannia Dairy Holdings Private Limited | Subsidiary Company | 74.00% |
| Britannia Dairy Private Limited | Subsidiary Company | 74.00% |
| Britannia Egypt Llc | Subsidiary Company | 74.00% |
| Britannia Employees Educational Welfare Association Private Limited | Subsidiary Company | 74.00% |
| Britannia Employees General Welfare Association Private Limited | Subsidiary Company | 74.00% |
| Britannia Employees Medical Welfare Association Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: NATARAJAN VENKATARAMAN (Whole-time director) · RAJNEET SINGH KOHLI (Whole-time director) · RAJNEET SINGH KOHLI (CEO) · RAKSHIT HARGAVE (Managing Director) · VENKATARAMAN NATARAJAN (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 85 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
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 108+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (50/100).
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence69/100
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 assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events03 Feb 2026
Director appointed
Rakshit Hargave (Ceo)
15 Dec 2025
Director appointed
RAKSHIT HARGAVE (Managing Director)
25 Aug 2025
Director appointed
RAJESH KUMAR BATRA (Director)
11 Aug 2025
Last AGM held
Annual general meeting
06 Jun 2025
Director appointed
Varun Berry (Ceo)
31 Mar 2025
Latest balance sheet
Filed with ROC
11 Nov 2024
Director appointed
JEHANGIR NUSLI WADIA (Director)
11 Aug 2024
Director ceased
AVIJIT DEB
Director ceased
KEKI BOMI DADISETH
02 Jul 2024
Director appointed
SUNIL SIDDHARTH LALBHAI (Director)
Director appointed
URJIT RAVINDRA PATEL (Director)
26 Mar 2024
Director appointed
PRADIP MANILAL KANAKIA (Director)
18 Mar 2023
Charge satisfied
Others
29 Dec 2022
Charge created
Others - 750.00 cr
11 Nov 2022
Director appointed
RAJNEET SINGH KOHLI (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.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
18 active director(s) / partner(s); review board churn before relying on management continuity.
46 active GST registration(s) indicate ongoing business operations.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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 21 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Mayurgroup | U15326UP1990PTC011589 | Kanpur, Uttar Pradesh, India |
| Herbalife Nutrition Ltd. | U51909KA1998PTC026098 | Bangalore South, Karnataka, India |
| Swiss-Singapore | U51101GJ2013FTC086557 | Gandhidham, Gujarat, India |
| Allana | U51990MH1973PTC016285 | Mumbai, Maharashtra, India |
| Varunpepsi | L74899DL1995PLC069839 | New Delhi, Delhi, India |
| Hindustancoca-Cola | U74899HR1997PTC100334 | Gurugram, Haryana, India |
| Pernod Ricard India | U74899DL1993PTC055062 | New Delhi, Delhi, India |
| Diago | L01551KA1999PLC024991 | Bangalore, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Britannia Industries 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 Britannia 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: 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 Britannia Industries - 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 Britannia 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 Britannia Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Britannia Industries an active company?
Britannia Industries has MCA status “Active” with a compliance score of 50/100 (Moderate).
Is Britannia Industries financially healthy?
Britannia Industries has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Britannia Industries?
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 Britannia Industries?
Promoters hold a majority stake - exact percentages are in the full report. 18 active director(s) are on record.
Does Britannia Industries have loans or charges against its assets?
No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Britannia Industries 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 Britannia Industries?
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.
