Gagan Polycot - Due diligence report

A 360° intelligence report on Gagan Polycot: trust score, financial health, credit view, compliance, directors, growth and distress signals …

1988-06-10 Palghar, Maharashtra Active Listed Active Compliant
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GP Gagan Polycot
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Gagan Polycot — 360° Intelligence Report

Generated from MCA filings & public records
61/100
Trust Score
Moderate

Gagan Polycot is assessed as Moderate with a Trust Score of 61/100. Gagan Polycot is an active public limited indian non-government company incorporated in 1988, operating in the Healthcare sector. Reported revenue has declined 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 03 Oct 2026 from the latest processed filings. Gagan Polycot India Limited snapshot & full profile →

Financial Health › Good
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Weak

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 ScoreModerate
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
38/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
60/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

Charges position: 0 open (-) · 6 satisfied (9.13 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Oriental Bank Of Commerce3 48.0 cr
Others3 48.0 cr
Compliance Score: 38/100 Caution Indicated
  • Company status is Active as per MCA.
  • Last balance sheet is for Mar 2021 - filings overdue.
  • Flagged by authority: DSE, BSE.
  • Litigation present in 1 court forum(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 55/100
NameDIN / PANDesignationAppointedTenureDIN status
CHANDRAKANT BHAILAL CHITALIA 01234567 Director 01/04/2018 6 yrs Approved
HASUMATI CHANDRAKANT CHITALIA 01234567 Director 01/04/2018 6 yrs Approved
CHANDRAKANT BHAILAL CHITALIA 01234567 Director 01/04/2018 6 yrs Approved
JAYSHRI SHANKAR TEDGINKERI 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • HASUMATI CHANDRAKANT CHITALIA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
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 2020 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
2 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Lien Trading Private Limited Associate Company 74.00%

Key managerial personnel: CHANDRAKANT BHAILAL CHITALIA (CFO) · HASUMATI CHANDRAKANT CHITALIA (Whole-time director) · CHANDRAKANT BHAILAL CHITALIA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 50 · Distress 80
Growth signals & trust indicators
Latest year revenue grew 38%.
Operating for 38+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Statutory filings appear overdue.
Compliance score is weak (38/100).
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence58/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment50/100
Mixed indicators - deeper appraisal suggested
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 view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
18 May 2022
Director appointed
CHANDRAKANT BHAILAL CHITALIA (CFO)
Director appointed
HASUMATI CHANDRAKANT CHITALIA (Whole-time director)
Director appointed
CHANDRAKANT BHAILAL CHITALIA (Managing Director)
Director ceased
KETU KRISHNAVADAN PARIKH
29 Mar 2022
Director ceased
RUPAM DUKULCHANDRA CHITALIA
30 Sep 2021
Last AGM held
Annual general meeting
31 Mar 2021
Director ceased
PRAJWAL PRAKASH PATEL
Latest balance sheet
Filed with ROC
20 Jan 2021
Charge satisfied
Others
30 Sep 2020
Director ceased
SHAILESH GANGARAM MUKNAK
15 May 2020
Charge created
Others - 13.00 Lakh
11 Jan 2020
Director ceased
TEJAL UMANG SHAH
01 Nov 2019
Charge satisfied
Others
06 Jul 2019
Director appointed
JAYSHRI SHANKAR TEDGINKERI (Director)
Director ceased
MUKESH RAMESH CHANDRA BUNKER
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Net worth is positive.
4 active director(s) / partner(s); review board churn before relying on management continuity.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2020 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ricci Roshaan Designs (India) Private Limited. U17116JK2006PTC002720 Jammu, Jammu & Kashmir, India
Bansal Chemicals Limited. U32909DL1986PLC023561 Delhi, Delhi, India
Quantum Coal Energy Private Limited U10200TN2010PTC078652 Madurai, Tamil Nadu, India
White Hope Pharmaceutical Private Limited U24233MH2015PTC265308 Mumbai, Maharashtra, India
Optimist Plastics Private Limited U74900TN2014PTC098071 Chennai, Tamil Nadu, India
Eswasthya U85100GJ2014PTC080406 Ahmedabad, Gujarat, India
Mariya Farms Private Limited U01210MH1999PTC119810 Mumbai, Maharashtra, India
Platinum Fashion Apparel Private Limited U17120MH2004PTC149277 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Gagan Polycot before audits and certifications: compliance score 38/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Gagan Polycot: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 50/100, margin trends, ownership structure and peer set for Gagan Polycot - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Gagan Polycot 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 Gagan Polycot - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Gagan Polycot an active company?

Gagan Polycot has MCA status “Active” with a compliance score of 38/100 (Caution Indicated).

Is Gagan Polycot financially healthy?

Gagan Polycot has a Financial Health Score of 60/100 (Moderate) based on its filed financial statements.

Should I do business with Gagan Polycot?

Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Gagan Polycot?

Promoters hold a minority stake - exact percentages are in the full report. 4 active director(s) are on record.

Does Gagan Polycot have loans or charges against its assets?

No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Gagan Polycot up to date with its ROC filings?

Last balance sheet is for Mar 2021 - filings overdue. Overall compliance score: 38/100 (Caution Indicated).

Is it risky to lend to Gagan Polycot?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.