Promoter holding
64.27%
FI
Filatex India Limited - Due diligence report
A 360° intelligence report on Filatex India: trust score, financial health, credit view, compliance, directors, growth and distress signals …
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Filatex India — 360° Intelligence Report
Generated from MCA filings & public records77/100
Trust Score
Low Risk
Filatex India is assessed as Low Risk with a Trust Score of 77/100. Filatex India is an active public limited indian non-government company incorporated in 1990, operating in the Manufacturing 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 17 Jul 2026 from the latest processed filings. Filatex 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 ScoreLow Risk
77/100
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
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
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: 70/100 Moderate
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A-).
Charges position: 4 open (1,446.82 cr) · 39 satisfied (2,372.32 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 15 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Axis Trustee Services Limited | 1 | 48.0 cr |
| Industrial Development Bank Of India | 8 | 48.0 cr |
| Union Bank Of India | 3 | 48.0 cr |
| The Industrial Development Bank Of India | 2 | 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 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 3 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MANISH VIJ | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PURRSHOTTAM BHAGGERIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MADHU SUDHAN BHAGERIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAMAN KUMAR JHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MEENAKSHI MALLIK | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MADHAV BHAGERIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDER MOHAN MALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Nitin Agarwal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 8 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
-
Group entities
-
Capital events
11 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Filatex Global Pte Limited | Subsidiary Company | 74.00% |
Key managerial personnel: PURRSHOTTAM BHAGGERIA (Managing Director) · MADHU SUDHAN BHAGERIA (Managing Director) · MADHAV BHAGERIA (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Operating for 35+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
4 director exits within 2 years.
4 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 3.27 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence71/100
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 assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 1,446.82 cr already registered.
- Compliance record supports lending.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events26 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Feb 2025
Charge satisfied
Others
27 Sep 2024
Director ceased
SURAJ PARKASH SETIA
Director ceased
SWARUP CHANDRA PARIJA
26 Sep 2024
Director ceased
MANISH VIJ
Director ceased
MEENAKSHI MALLIK
03 Sep 2024
Director appointed
Nitin Agarwal (Cfo)
29 Aug 2024
Director appointed
MANISH VIJ (Director)
08 Aug 2024
Director appointed
MEENAKSHI MALLIK (Director)
30 Apr 2024
Director ceased
ASHOK CHAUHAN
26 Apr 2024
Charge satisfied
Axis Trustee Services Limited
09 Jan 2024
Charge satisfied
Yes Bank Limited
08 Nov 2023
Charge created
Others - 1,130.40 cr
07 Nov 2023
Charge satisfied
Others
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.
8 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A- from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity 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 11 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Alok Industries | L17110DN1986PLC000334 | Silvassa, Dadra & Nagar Haveli, India |
| Indo Count Industries | L72200PN1988PLC068972 | Kolhapur, Maharashtra, India |
| Dhanlaxmi Fabrics | L46411MH1992PLC068861 | Thane, Maharashtra, India |
| Indo Rama Synthetics (India) | L17124MH1986PLC166615 | Butibori, Maharashtra, India |
| Kpr Mill | L17111TZ2003PLC010518 | Coimbatore, Tamil Nadu, India |
| Rswm | L17115RJ1960PLC008216 | Bhilwara, Rajasthan, India |
| Jockeyindia | L18101KA1994PLC016554 | Bengaluru, Karnataka, India |
| Abfrl | L18101MH2007PLC233901 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Filatex India 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 Filatex India: 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 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 90/100, margin trends, ownership structure and peer set for Filatex India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Filatex India 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 Filatex India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Filatex India an active company?
Filatex India has MCA status “Active” with a compliance score of 72/100 (Moderate).
Is Filatex India financially healthy?
Filatex India has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Filatex India?
Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Filatex India?
Promoters hold the largest single block of equity - exact percentages are in the full report. 8 active director(s) are on record.
Does Filatex India have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 39 earlier charge(s) stand satisfied.
Is Filatex India 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 Filatex India?
Its Credit Risk Score is 70/100 (Moderate). 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.
