Promoter holding
64.27%
DI
Disa India Limited - Due diligence report
A 360° intelligence report on Noricangroup: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Noricangroup — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Noricangroup is assessed as Moderate with a Trust Score of 65/100. Noricangroup is an active public limited indian non-government company incorporated in 1984, operating in the Machinery and Equipment 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 17 Jul 2026 from the latest processed filings. Disa 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
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
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: 65/100 Moderate
- Profitable - internal accruals available.
Charges position: 4 open (71.05 cr) · 8 satisfied (3.39 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Hdfc Bank Limited | 2 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 1 | 48.0 cr |
| Grindlays Bank P.L.C. | 2 | 48.0 cr |
| Ksiidc Ltd. | 2 | 48.0 cr |
| Karnataka State Financial Corporation | 1 | 48.0 cr |
Compliance Score: 48/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI.
- Litigation present in 2 court forum(s).
- Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
Legal cases on record (2)
05
Director Intelligence
Stability score: 30/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RANJAN SEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| LOKESH SAXENA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MICHAEL DECLAN GUERIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shrithee Magaji Shekar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ULLA HARTVIG PLATHE TONNESEN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANDERS WILHJELM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAGYA CHANDRA RAO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vidya Jayant | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MALVIEKA JOSHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIDYA VISWANATHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPA AGAR HINGORANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shrithee Shekar Magaji | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Vidya Jayant | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- MALVIEKA JOSHI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| 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
1
Capital events
0 allotment(s) · 1 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bhadra Castalloy Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: LOKESH SAXENA (Managing Director) · Vidya Jayant (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 42+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Outside liabilities up 61% in a year.
3 director exits within 2 years.
Compliance score is weak (48/100).
4 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 31.89 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence60/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment67/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 71.05 cr already registered.
- Compliance gaps should be priced into terms.
Investor view84/100
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 events14 Aug 2025
Last AGM held
Annual general meeting
01 May 2025
Director ceased
RANJAN SEN
Director ceased
MALVIEKA JOSHI
Director ceased
VIDYA VISWANATHAN
31 Mar 2025
Latest balance sheet
Filed with ROC
28 Mar 2025
Director appointed
DEEPA AGAR HINGORANI (Director)
05 Feb 2025
Director appointed
RANJAN SEN (Director)
Director appointed
MALVIEKA JOSHI (Director)
Director appointed
VIDYA VISWANATHAN (Director)
21 Jun 2024
Director appointed
Shrithee Shekar Magaji (Company Secretary)
04 May 2024
Director appointed
Vidya Jayant (Cfo)
23 Apr 2024
Director appointed
Vidya Jayant (CFO)
22 Apr 2024
Director ceased
AMAR NATH MOHANTY
22 Nov 2022
Director appointed
Shrithee Magaji Shekar (Company Secretary)
12 Aug 2021
Director ceased
MICHAEL DECLAN GUERIN
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.
Net worth is positive.
13 active director(s) / partner(s); review board churn before relying on management continuity.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority 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.
| Company | CIN | Location |
|---|---|---|
| Omaxauto | L30103HR1983PLC026142 | Gurgaon, Haryana, India |
| Riddhi Steel And Tube | L27106GJ2001PLC039978 | Ahmedabad, Gujarat, India |
| Bradken | U13203TZ2015FTC028156 | Combatore, Tamil Nadu, India |
| Tiindia | L35100TN2008PLC069496 | Chennai City Corporation, Tamil Nadu, India |
| Deepak International Limited | U51909PB1976PLC003695 | Punjab, Punjab, India |
| Ans Steel Tubes Limited | U13203DL2007PLC164433 | New Delhi, Delhi, India |
| Hindustan Tin Works | L27109DL1958PLC003006 | New Delhi, Delhi, India |
| Prime Gold | U01122DL1997PLC085127 | Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Noricangroup before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Noricangroup: 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 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Noricangroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Noricangroup 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 Noricangroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Noricangroup an active company?
Noricangroup has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).
Is Noricangroup financially healthy?
Noricangroup has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Noricangroup?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Noricangroup?
Promoters hold a minority stake - exact percentages are in the full report. 13 active director(s) are on record.
Does Noricangroup have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 8 earlier charge(s) stand satisfied.
Is Noricangroup up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).
Is it risky to lend to Noricangroup?
Its Credit Risk Score is 65/100 (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.
