Promoter holding
64.27%
EH
Essel Highways Limited - Due diligence report
A 360° intelligence report on Esselgroup: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…
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Esselgroup — 360° Intelligence Report
Generated from MCA filings & public records49/100
Trust Score
Caution Indicated
Esselgroup is assessed as Caution Indicated with a Trust Score of 49/100. Esselgroup is a public limited indian non-government company incorporated in 2013, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 09 Jul 2026 from the latest processed filings. Essel Highways 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 ScoreCaution Indicated
49/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 4 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: 35/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
Charges position: 7 open (2,952.54 cr) · 7 satisfied (9,421.54 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Trusteeship Services Limited | 8 | 48.0 cr |
| Others | 4 | 48.0 cr |
| Sbicap Trustee Company Limited | 2 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Under Cirp" - not Active.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: EPFO.
- Litigation present in 3 court forum(s).
- 1 auditor resignation(s) filed - latest: Suresh Surana & Associates LLP on 2021-10-15.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NARENDRA MOHAN SAHARE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Balwan Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANKUR KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bhaskar Hanumant Thalesari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| POOJA RAMESH SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Balwan Singh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2019)
| 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 2023 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
Essel Infraprojects Limited
Subsidiaries
6
Group entities
7
Capital events
10 allotment(s) · 8 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bhind Mihona Gopalpur Toll Roads Limited | Subsidiary Company | 74.00% |
| Bina Khimlasa Malthon Toll Roads Limited | Subsidiary Company | 74.00% |
| Essel Lucknow Raebareli Toll Roads Limited | Subsidiary Company | 74.00% |
| Express Way Developers Limited | Subsidiary Company | 74.00% |
| Sagar Damoh Toll Roads Limited | Subsidiary Company | 74.00% |
| Western M P Infrastructure & Toll Roads Private Limited | Subsidiary Company | 74.00% |
| Essel Infraprojects Limited | Holding Company | 74.00% |
| Essel Ahmedabad Godhra Toll Roads Limited | Associate Company | 74.00% |
Key managerial personnel: Balwan Singh (CFO) · ANKUR KUMAR (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 50
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Operating for 12+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Adverse company status: Under Cirp.
Compliance score is weak (5/100).
7 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.33 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence32/100
Caution indicated
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 assessment34/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 7 open charge(s) of 2,952.54 cr already registered.
- Compliance gaps should be priced into terms.
Investor view60/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
NARENDRA MOHAN SAHARE
01 Jun 2024
Director appointed
Balwan Singh (Cfo)
01 Apr 2024
Director appointed
NARENDRA MOHAN SAHARE (Director)
31 Mar 2024
Latest balance sheet
Filed with ROC
24 Mar 2024
Director ceased
ANKUR KUMAR
Director ceased
Bhaskar Hanumant Thalesari
15 Mar 2024
Director appointed
Balwan Singh (CFO)
Director ceased
NISHIKANT UPADHYAY
29 Feb 2024
Director appointed
Bhaskar Hanumant Thalesari (Director)
19 Feb 2024
Director appointed
ANKUR KUMAR (Whole-time director)
31 Mar 2023
Share transfer (FY 2023)
1.00000000 shares to Sparkly Water Management Private Li
18 Apr 2022
Charge created
Others - 1,000.00 cr
30 Nov 2021
Director ceased
SOORAJ SHANKAR KARKERA
19 May 2021
Director ceased
PRADEEP KUMAR
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 3 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
6 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 10 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Mep Developers | U45309MH2016PTC282605 | Mumbai, Maharashtra, India |
| Jindal Business (India) Private Limited | U70100CT2008PTC020574 | Raipur, Chattisgarh, India |
| Indeera Builders Private Limited | U74899DL1994PTC062270 | New Delhi, Delhi, India |
| Kamptee Infrastructures | U45200MH2007PTC168145 | Nagpur, Maharashtra, India |
| South West Housing Private Limited | U70101WB1998PTC087522 | Kolkata, West Bengal, India |
| J.P. Singla Constructions Private Limited | U45202CH1997PTC020839 | U T, Chandigarh, India |
| A.I. Sanand Owners Association | U99000GJ2018NPL102879 | Sanand, Gujarat, India |
| Srmpr Global Railways Private Limited | U60100TN2022PTC149218 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Esselgroup before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Esselgroup: 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: Enhanced diligence advised. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Esselgroup - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 49/100, distress signals and MSME payment-delay disclosures - know whether Esselgroup 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 Esselgroup - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Esselgroup an active company?
Esselgroup has MCA status “Under Cirp” with a compliance score of 5/100 (Caution Indicated).
Is Esselgroup financially healthy?
Esselgroup has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.
Should I do business with Esselgroup?
Its overall Trust Score is 49/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Esselgroup?
The ultimate holding entity is Essel Infraprojects Limited. 6 active director(s) are on record.
Does Esselgroup have loans or charges against its assets?
7 open charge(s) are registered against its assets, and 7 earlier charge(s) stand satisfied.
Is Esselgroup up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Esselgroup?
Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
