Glow-Tech Steels Pvt Ltd - Due diligence report

A 360° intelligence report on Glow-Tech Steels: trust score, financial health, credit view, compliance, directors, growth and distress signa…

1971-10-14 Rajkot, Gujarat Active Unlisted Active Compliant
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GS Glow-Tech Steels Pvt Ltd
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Glow-Tech Steels — 360° Intelligence Report

Generated from MCA filings & public records
87/100
Trust Score
Low Risk

Glow-Tech Steels is assessed as Low Risk with a Trust Score of 87/100. Glow-Tech Steels is an active private limited indian non-government company incorporated in 1971, operating in the Metals and Minerals 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 18 Jul 2026 from the latest processed filings. Glow-Tech Steels Pvt Ltd snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Strong

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
87/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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 access

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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 3 open (3.99 cr) · 2 satisfied (19.68 Lakh).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Others1 48.0 cr
Developement Credit Bank Limited1 48.0 cr
State Bank Of Saurashtra2 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
HARSHABEN HIRALAL VADHAR 01234567 Director 01/04/2018 6 yrs Approved
DHIREN HIRALAL VADHAR 01234567 Director 01/04/2018 6 yrs Approved
HITESH HIRALAL VADHAR 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 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
-

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

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
Operating for 54+ years.
Active GST registration(s).
Distress signals & risk flags
3 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence81/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment84/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 3 open charge(s) of 3.99 cr already registered.
  • Compliance record supports lending.
Investor view93/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 5 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 13 events
30 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Feb 2022
Director appointed
DHIREN HIRALAL VADHAR (Director)
Director appointed
HITESH HIRALAL VADHAR (Director)
Director ceased
HIRALAL HEMCHAND VADHAR
07 Jan 2021
Charge created
Hdfc Bank Limited - 2.50 cr
05 Sep 2017
Charge created
Others - 86.35 Lakh
29 Apr 2010
Charge created
Developement Credit Bank Limited - 63.00 Lakh
19 Apr 2010
Charge satisfied
State Bank Of Saurashtra
03 Nov 1989
Charge created
State Bank Of Saurashtra - 10.00 Lakh
27 Oct 1989
Charge created
State Bank Of Saurashtra - 9.68 Lakh
09 Apr 1985
Director appointed
HARSHABEN HIRALAL VADHAR (Director)
14 Oct 1971
Incorporated
Registered with Roc Ahmedabad
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - 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 dominant controlling 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.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Pon Engineers Private Limited U74999TN2007PTC065326 Chennai, Tamil Nadu, India
Pinnacle Precision Technologies Private Limited U34300PN1988PTC047339 Kolhapur, Maharashtra, India
Sri Krishna Techno Components Private Limited U27320TZ2010PTC016452 Coimbatore, Tamil Nadu, India
Dulocos Conveyors And Moulds Private Limited U28930MH1991PTC060084 Nagpur, Maharashtra, India
Suyog Unitek Private Limited U28999PN2017PTC167985 Pune, Maharashtra, India
Towertech Cooling System Private Limited U29191GJ2004PTC044336 Ahmedabad, Gujarat, India
Durotech Engineering U28920TN1992PTC023127 Estate, Madras-600 098, Tamil Nadu, India
Vignesh Industries Private Limited U36990TN2020PTC134785 Hosur, Tamil Nadu, India
12

Who Uses This Report

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

Verify Glow-Tech Steels before audits and certifications: compliance score 70/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Glow-Tech Steels: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Glow-Tech Steels - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 87/100, distress signals and MSME payment-delay disclosures - know whether Glow-Tech Steels pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Glow-Tech Steels - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Glow-Tech Steels an active company?

Glow-Tech Steels has MCA status “Active” with a compliance score of 70/100 (Moderate).

Is Glow-Tech Steels financially healthy?

Glow-Tech Steels has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Glow-Tech Steels?

Its overall Trust Score is 87/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Glow-Tech Steels?

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

Does Glow-Tech Steels have loans or charges against its assets?

3 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Glow-Tech Steels up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Glow-Tech Steels?

Its Credit Risk Score is 85/100 (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.