Followel Engineering Ltd - Due diligence report

A 360° intelligence report on Followel Engineering Ltd: trust score, financial health, credit view, compliance, directors, growth and distre…

1981-05-06 Kolkata, West Bengal Active Unlisted Active Compliant
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Followel Engineering Ltd — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Followel Engineering Ltd is assessed as Low Risk with a Trust Score of 80/100. Followel Engineering Ltd is an active public limited indian non-government company incorporated in 1981, operating in the Financial Services sector. Reported revenue has declined 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 07 Jul 2026 from the latest processed filings. Followel Engineering Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

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 & explainable
Trust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
46/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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Scores 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
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 46/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: RBI.
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: LAHOTI & CO. on 2019-07-05.
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
SIDDHARTH JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
KASHINATH JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
MANISH JHUNJHUNWALA 01234567 Director 01/04/2018 6 yrs Approved
  • 3 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 2019)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2022 annual return
Promoter holding
64.27%
Public / 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
4 allotment(s) · 0 transfer(s)

Promoters hold a minority stake - exact percentages are part of the full report.

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 45+ years.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (46/100).
1 auditor resignation(s) on record - review the stated reasons.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence69/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • 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.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view79/100
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 12 events
27 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Sep 2014
Director ceased
SIDDHARTH JHUNJHUNWALA
30 Jul 2014
Director appointed
SIDDHARTH JHUNJHUNWALA (Director)
Director ceased
RAJENDRA KUMAR NEWATIA
31 Mar 2012
Securities allotted
500000.00 Equity Shares - 10.00 cr raised
30 Mar 2011
Securities allotted
469000.00 Equity Shares - 9.38 cr raised
02 Dec 2009
Securities allotted
470000.00 Equity Shares - 4.70 cr raised
23 Mar 2009
Securities allotted
707700.00 Equity Shares - 7.08 cr raised
22 Feb 2007
Director appointed
MANISH JHUNJHUNWALA (Director)
01 Feb 1993
Director appointed
KASHINATH JHUNJHUNWALA (Director)
06 May 1981
Incorporated
Registered with Roc Kolkata
10

Key Observations

Auto-generated from the data above
Revenue declined 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.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a minority stake as per the FY 2022 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 4 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mangal Keshav Capital Limited U65990MH2005PLC153062 Mumbai, Maharashtra, India
Temple Trees Impex And Investment Private Limited U51100MH1975PTC018207 Mumbai, Maharashtra, India
Moneymuttath Nidhi Limited U65999KL2016PLC046651 Pandalam, Kerala, India
Bhawani Finvest Private Limited U67120DL1996PTC077859 Delhi, Delhi, India
Za Capital Services India Private Limited. U65999DL2006PTC152081 New Delhi, Delhi, India
Nine Star Broking Private Limited U74992WB2010PTC152502 Kolkata, West Bengal, India
Volga Commerce Pvt Ltd U51109WB1995PTC075434 Kolkata, West Bengal, India
P.D. Commercials Private Limited U51109BR1992PTC004725 Patna, Bihar, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Followel Engineering Ltd before audits and certifications: compliance score 46/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Followel Engineering Ltd: 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 65/100, margin trends, ownership structure and peer set for Followel Engineering Ltd - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Followel Engineering Ltd 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 Followel Engineering Ltd - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Followel Engineering Ltd an active company?

Followel Engineering Ltd has MCA status “Active” with a compliance score of 46/100 (Caution Indicated).

Is Followel Engineering Ltd financially healthy?

Followel Engineering Ltd has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Followel Engineering Ltd?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Followel Engineering Ltd?

Promoters hold a minority stake - exact percentages are in the full report. 3 active director(s) are on record.

Does Followel Engineering Ltd have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Followel Engineering Ltd up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 46/100 (Caution Indicated).

Is it risky to lend to Followel Engineering Ltd?

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.