Promoter holding
64.27%
EI
Exide Industries Limited - Due diligence report
A 360° intelligence report on Exide: trust score, financial health, credit view, compliance, directors, growth and distress signals - genera…
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Exide — 360° Intelligence Report
Generated from MCA filings & public records80/100
Trust Score
Low Risk
Exide is assessed as Low Risk with a Trust Score of 80/100. Exide is an active public limited indian non-government company incorporated in 1947, operating in the Consumer Electronics & Durables 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 16 Jul 2026 from the latest processed filings. Exide Industries 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 ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (AAA).
Charges position: 9 open (1,345.00 cr) · 16 satisfied (862.65 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 5 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 2 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Standard Chartered Bank | 1 | 48.0 cr |
| Citi Bank N.A. | 1 | 48.0 cr |
Compliance Score: 72/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 5 court forum(s).
- Delayed payments to MSME suppliers disclosed (18 disclosure(s)).
- 18 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAJEEV RAMESH CHAND KHANDELWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJAN BEHARILAL RAHEJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RADHIKA GOVIND RAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASISH KUMAR MUKHERJEE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AVIK KUMAR ROY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURIN SHAILESH KAPADIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jitendra Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIDHAR GORTHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jaidit Singh Brar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JITENDRA KUMAR MOHAN LAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVIN RAMCHANDRA SARAF | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Avik Kumar Roy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Jitendra Kumar Mohan Lal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Manoj Kumar Agarwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- Average tenure above 5 years.
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
4
Group entities
6
Capital events
1 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Chloride Batteries S.e Asia Pte. Limited | Subsidiary Company | 74.00% |
| Chloride International Limited | Subsidiary Company | 74.00% |
| Chloride Metals Limited | Subsidiary Company | 74.00% |
| Espex Batteries Limited | Subsidiary Company | 74.00% |
| Exide Energy Solutions Limited | Subsidiary Company | 74.00% |
| Exide Energy Private Limited | Subsidiary Company | 74.00% |
| Associated Battery Manufactures (ceylon) Limited | Subsidiary Company | 74.00% |
| Cse Solar Sunpark Maharashtra Private Limited | Associate Company | 74.00% |
| Cse Solar Sunpark Tamil Nadu Private Limited | Associate Company | 74.00% |
Key managerial personnel: RAJEEV RAMESH CHAND KHANDELWAL (Whole-time director) · ASISH KUMAR MUKHERJEE (CFO) · AVIK KUMAR ROY (Managing Director) · PRAVIN RAMCHANDRA SARAF (Whole-time director) · Manoj Kumar Agarwal (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 79+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 24% in a year.
5 director exits within 2 years.
9 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 71.34 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence74/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment80/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 9 open charge(s) of 1,345.00 cr already registered.
- Compliance record supports lending.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Sep 2025
Director appointed
RAJEEV RAMESH CHAND KHANDELWAL (Whole-time director)
Director appointed
PRAVIN RAMCHANDRA SARAF (Whole-time director)
Director ceased
RAJEEV RAMESH CHAND KHANDELWAL
Director ceased
PRAVIN RAMCHANDRA SARAF
26 Jul 2025
Last AGM held
Annual general meeting
01 May 2025
Director appointed
Manoj Kumar Agarwal (CFO)
Director ceased
Manoj Kumar Agarwal
31 Mar 2025
Latest balance sheet
Filed with ROC
17 Dec 2024
Director ceased
Jaidit Singh Brar
04 Nov 2024
Director appointed
Jaidit Singh Brar (Director)
28 Jul 2024
Director ceased
RADHIKA GOVIND RAJAN
16 May 2024
Director appointed
RADHIKA GOVIND RAJAN (Director)
13 May 2024
Director appointed
Avik Kumar Roy (Ceo)
17 Feb 2024
Charge satisfied
Others
31 Jan 2024
Charge satisfied
Citi Bank N.A.
10
Key Observations
Auto-generated from the data aboveRevenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
14 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 4 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AAA from Icra.
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.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Cumminsindia | L29112PN1962PLC012276 | Pune, Maharashtra, India |
| Blue Star | L28920MH1949PLC006870 | Mumbai, Maharashtra, India |
| Motherson Sumi Wiring India Limited | L29306MH2020PLC341326 | Mumbai, Maharashtra, India |
| Uno Minda | L74899DL1992PLC050333 | Delhi, Delhi, India |
| Apar Industries | L91110GJ1989PLC012802 | Vadodara, Gujarat, India |
| Bosch | L85110KA1951PLC000761 | Bangalore, Karnataka, India |
| Havells India | L31900DL1983PLC016304 | New Delhi, Delhi, India |
| Bharat Heavy Electricals | L74899DL1964GOI004281 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Exide before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Exide: 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Exide - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Exide pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Exide - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Exide an active company?
Exide has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Exide financially healthy?
Exide has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Exide?
Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Exide?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Exide have loans or charges against its assets?
9 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Exide up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).
Is it risky to lend to Exide?
Its Credit Risk Score is 80/100 (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.
