Promoter holding
64.27%
EE
E-Class Education System Limited - Due diligence report
A 360° intelligence report on E Class Education System: trust score, financial health, credit view, compliance, directors, growth and distre…
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E Class Education System — 360° Intelligence Report
Generated from MCA filings & public records67/100
Trust Score
Moderate
E Class Education System is assessed as Moderate with a Trust Score of 67/100. E Class Education System is a public limited indian non-government company incorporated in 2009, operating in the Education 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 11 Jul 2026 from the latest processed filings. E-Class Education System 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
67/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
23/100
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
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 2 satisfied (10.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Sicom Limited | 2 | 48.0 cr |
Compliance Score: 23/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2019 - filings overdue.
- Litigation present in 1 court forum(s).
Legal cases on record (1)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| HARDIK AMRUT SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MINJAL VIPUL KADAKIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVESH SHAMJI CHHEDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARESH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPESH SHAMJI DEDHIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVESH SHAMJI CHHEDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANTILAL PREMJI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AMRUT PREMJI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Dipesh Shamjibhai Dedhia | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 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 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 2019 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
Sundaram Multi Pap Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 0 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Sundaram Multi Pap Limited | Holding Company | 74.00% |
Key managerial personnel: HARDIK AMRUT SHAH (Whole-time director) · DIPESH SHAMJI DEDHIA (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 55
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 16+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (23/100).
1 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence46/100
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 assessment77/100
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 view88/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2019
Last AGM held
Annual general meeting
29 Sep 2019
Director ceased
MANIKANDAN PARMESHWARAN KAMMENCHERY
12 Aug 2019
Director appointed
PARESH JAIN (Director)
31 Mar 2019
Latest balance sheet
Filed with ROC
01 Oct 2018
Securities allotted
1300000 Equity Shares Without Differential Rights - 1.30 cr raised
27 Nov 2017
Director ceased
KAUSHAL RAJESH SHETH
29 Sep 2017
Director ceased
MINJAL VIPUL KADAKIA
05 Apr 2017
Securities allotted
13700000 Equity Shares Without Differential Rights - 13.70 cr raised
08 Mar 2017
Director appointed
BHAVESH SHAMJI CHHEDA (Company Secretary)
01 Mar 2017
Director ceased
BHAVESH SHAMJI CHHEDA
01 Dec 2016
Director appointed
MINJAL VIPUL KADAKIA (Director)
Director ceased
RIDDHI CHIRAG GALA
Director ceased
RAICHAND PREMJI SHAH
31 Aug 2016
Director ceased
LATESH SHAILESH SHAH
10 Mar 2016
Securities allotted
10000000 Equity Shares Without Differential Rights - 10.00 cr raised
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
All 2 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
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| Saraswati Coaching Classes Private Limited | U80903MH2013PTC241626 | Mumbai, Maharashtra, India |
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12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify E Class Education System before audits and certifications: compliance score 23/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of E Class Education System: 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 95/100, margin trends, ownership structure and peer set for E Class Education System - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 67/100, distress signals and MSME payment-delay disclosures - know whether E Class Education System pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for E Class Education System - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is E Class Education System an active company?
E Class Education System has MCA status “Amalgamated” with a compliance score of 23/100 (Caution Indicated).
Is E Class Education System financially healthy?
E Class Education System has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with E Class Education System?
Its overall Trust Score is 67/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls E Class Education System?
The ultimate holding entity is Sundaram Multi Pap Limited. 9 active director(s) are on record.
Does E Class Education System have loans or charges against its assets?
No open charges - all 2 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is E Class Education System up to date with its ROC filings?
Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 23/100 (Caution Indicated).
Is it risky to lend to E Class Education System?
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.
