Promoter holding
64.27%
GG
Gb Global Limited - Due diligence report
A 360° intelligence report on Mandhana Industries: trust score, financial health, credit view, compliance, directors, growth and distress si…
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Mandhana Industries — 360° Intelligence Report
Generated from MCA filings & public records70/100
Trust Score
Moderate
Mandhana Industries is assessed as Moderate with a Trust Score of 70/100. Mandhana Industries is an active public limited indian non-government company incorporated in 1984, 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 high compliance risk and low financial risk profile.
Report generated on 05 Aug 2026 from the latest processed filings. Gb Global 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 ScoreModerate
70/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
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
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
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.
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
- No open charges - unencumbered balance sheet.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 35 satisfied (2,116.14 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| State Bank Of Patiala | 1 | 48.0 cr |
| Allahabad Bank | 1 | 48.0 cr |
| Idbi Trusteeship Services Limited | 3 | 48.0 cr |
| Corporation Bank | 3 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BANKS, BSE, NCLT.
- Litigation present in 4 court forum(s).
- 3 auditor resignation(s) filed - latest: C N K & Associates LLP on 2021-09-09.
- Delayed payments to MSME suppliers disclosed (206 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 85/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| AKSHAT PRASHANT AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIJAY THAKORDAS THAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEV VIJAY THAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NISHI JAYANTILAL JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AAYUSH PRASHANT AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kishan Gangaram Jaiswal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARESH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TANAM VIJAY THAKKAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Dinesh Sahadev Tarfe | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 3 director exit(s) in the last 3 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
Dev Land & Housing Private Limited
Subsidiaries
1
Group entities
1
Capital events
3 allotment(s) · 5 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Dev Land & Housing Private Limited | Holding Company | 74.00% |
| Flowline Developers Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: VIJAY THAKORDAS THAKKAR (Managing Director) · Kishan Gangaram Jaiswal (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 42+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (32/100).
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 3.51 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
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 assessment62/100
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 view80/100
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 events14 Nov 2025
Director appointed
Dinesh Sahadev Tarfe (Additional Director)
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
03 Mar 2025
Charge satisfied
Allahabad Bank
27 Nov 2024
Director appointed
NISHI JAYANTILAL JAIN (Company Secretary)
12 Apr 2024
Charge satisfied
Idbi Trusteeship Services Limited
29 Sep 2023
Director ceased
AKSHAT PRASHANT AGRAWAL
Director ceased
AAYUSH PRASHANT AGRAWAL
Director ceased
DINESH SAHADEV TARFE
14 Aug 2023
Director appointed
AKSHAT PRASHANT AGRAWAL (Director)
Director appointed
AAYUSH PRASHANT AGRAWAL (Director)
19 Jan 2023
Charge satisfied
Corporation Bank
Charge satisfied
Union Bank Of India
15 Nov 2022
Director appointed
Kishan Gangaram Jaiswal (CFO)
28 Sep 2022
Director ceased
VIJAY THAKORDAS THAKKAR
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%.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 35 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 3 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Super Tannery | L19131UP1984PLC006421 | Kanpur, Uttar Pradesh, India |
| Kkp Textiles | U17115TZ1984PTC003986 | Namakkal, Tamil Nadu, India |
| J P P Mills Private Limited | U17111TZ2003PTC010491 | Erode, Tamil Nadu, India |
| Bally Jute Company Ltd | L51909WB1982PLC035245 | Howrah, West Bengal, India |
| Sri Vishnu Shankar Mill Limited | U17301TN1981PLC008677 | Rajapalayam,Tamil Nadu, Tamil Nadu, India |
| Sivanta Spuntex | U17291UP2016PTC075662 | Gorakhpur, Uttar Pradesh, India |
| Prassanna Spinning Mills | U17111TZ2006PTC012729 | Tirupur, Tamil Nadu, India |
| Sada Green Industries Private Limited | U17299RJ2021PTC075304 | Suratgarh, Rajasthan, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Mandhana Industries before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Mandhana Industries: 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 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 Mandhana Industries - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 70/100, distress signals and MSME payment-delay disclosures - know whether Mandhana Industries pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Mandhana Industries - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Mandhana Industries an active company?
Mandhana Industries has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Mandhana Industries financially healthy?
Mandhana Industries has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Mandhana Industries?
Its overall Trust Score is 70/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Mandhana Industries?
The ultimate holding entity is Dev Land & Housing Private Limited. 9 active director(s) are on record.
Does Mandhana Industries have loans or charges against its assets?
No open charges - all 35 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Mandhana Industries up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Mandhana Industries?
Its Credit Risk Score is 70/100 (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.
