Covestro (India) Private Limited - Due diligence report

A 360° intelligence report on Covestro: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…

1995-09-11 Navi Mumbai, Maharashtra Active Unlisted Active Compliant
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C( Covestro (India) Private Limited
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Covestro — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Covestro is assessed as Low Risk with a Trust Score of 85/100. Covestro is an active private limited indian non-government company incorporated in 1995, operating in the Chemicals and Materials 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 low compliance risk and low financial risk profile.

Report generated on 26 Aug 2026 from the latest processed filings. Covestro (India) Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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 & explainable
Trust ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
78/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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 access

Scores 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: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 78/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (30 disclosure(s)).
  • 10 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
AVINASH MANMOHAN BAGDI 01234567 Director 01/04/2018 6 yrs Approved
ANAND SRINIVASAN 01234567 Director 01/04/2018 6 yrs Approved
PUNEET KAPUR 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Covestro Deutschland Ag
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Covestro Deutschland Ag Holding Company 74.00%

Key managerial personnel: ANAND SRINIVASAN (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
Operating for 30+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Profit declined two years in a row.
MSME payment delays disclosed - latest outstanding 5.27 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance record supports lending.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
17 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
31 Mar 2022
Share transfer (FY 2022)
9796497.00000000 shares to Covestro Invest GmbH
18 Dec 2019
Director ceased
ANAND SRINIVASAN
29 Nov 2019
Director appointed
ANAND SRINIVASAN (Managing Director)
30 Nov 2018
Director ceased
AJAY DURRANI
09 Feb 2018
Director ceased
SAMIR HIFRI
02 Dec 2016
Director ceased
DARIUS CAVASJI SHROFF
30 Sep 2015
Director ceased
AVINASH MANMOHAN BAGDI
25 Aug 2015
Director ceased
KUGALUR RAMSESHA VENKATA SUBRAHMANIAN
16 Jul 2015
Director appointed
AVINASH MANMOHAN BAGDI (Director)
Director appointed
PUNEET KAPUR (Company Secretary)
Director ceased
MANORAMA CHIVUKULA
12 Jun 2015
Director ceased
RASHMI PURWAR
28 Mar 2014
Securities allotted
55000000.00 Preference Shares - 55.00 cr raised
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
10 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 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 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Century Plyboards (I) L20101WB1982PLC034435 Kolkata, West Bengal, India
Dilicia U15100WB2012PTC184651 Kolkata, West Bengal, India
Mtc Group U51420MH2000PTC130172 Mumbai, Maharashtra, India
Honeywell L29299PN1984PLC017951 Pune, Maharashtra, India
Balaji Malts Private Limited U15494KA1991PTC012611 Maddur Taluk, Karnataka, India
Raj Harsh Bullion Private Limited U36999MH2023PTC397980 Mumbai, Maharashtra, India
3M India L31300KA1987PLC013543 Bangalore., Karnataka, India
Adm U01403MH2009PTC291309 Palghar, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Covestro before audits and certifications: compliance score 78/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Covestro: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Covestro - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Covestro pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Covestro - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Covestro an active company?

Covestro has MCA status “Active” with a compliance score of 78/100 (Low Risk).

Is Covestro financially healthy?

Covestro has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Covestro?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Covestro?

The ultimate holding entity is Covestro Deutschland Ag. 3 active director(s) are on record.

Does Covestro have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Covestro up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 78/100 (Low Risk).

Is it risky to lend to Covestro?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.