Promoter holding
64.27%
GI
Graphite India Limited - Due diligence report
A 360° intelligence report on Graphite India: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Graphite India — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Graphite India is assessed as Moderate with a Trust Score of 72/100. Graphite India is an active public limited indian non-government company incorporated in 1974, 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 high compliance risk and low financial risk profile.
Report generated on 10 Jul 2026 from the latest processed filings. Graphite 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 ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
- Externally credit-rated (AA+).
Charges position: 1 open (678.00 cr) · 25 satisfied (649.31 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Uco Bank | 1 | 48.0 cr |
| Hdfc Bank Limited | 3 | 48.0 cr |
| State Bank Of India | 2 | 48.0 cr |
| Ing Vysya Bank Limited | 2 | 48.0 cr |
| Icici Bank Limited | 2 | 48.0 cr |
| The Western India Trustee And Executor Limited | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, NSDL, CDSL.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 7 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| ASHUTOSH DIXIT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJEEV MARDA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUDHA KRISHNAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KRISHNA KUMAR BANGUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEBANJAN MANDAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHENDRA KUMAR CHHAJER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| HARSH PATI SINGHANIA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHUL KUMAR NARENDRAKUMAR BALDOTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHENDRA KUMAR CHHAJER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SRIDHAR SRINIVASAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIVA BALAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ADITYA VIKRAM LODHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sanjeev Marda | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 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
Emerald Company Private Limited
Subsidiaries
1
Group entities
1
Capital events
8 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Bavaria Carbon Holdings Gmbh | Subsidiary Company | 74.00% |
| Bavaria Carbon Specialities Gmbh | Subsidiary Company | 74.00% |
| Bavaria Electrodes Gmbh | Subsidiary Company | 74.00% |
| Carbon Finance Limited | Subsidiary Company | 74.00% |
| Graphite Cova Gmbh | Subsidiary Company | 74.00% |
| Graphite International Bv | Subsidiary Company | 74.00% |
| Emerald Company Private Limited | Holding Company | 74.00% |
| General Graphene Corporation | Subsidiary Company | 74.00% |
Key managerial personnel: ASHUTOSH DIXIT (Whole-time director) · MAHENDRA KUMAR CHHAJER (CFO) · MAHENDRA KUMAR CHHAJER (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 60 · Distress 75
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Operating for 52+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 63,306.96.
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.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment79/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 678.00 cr already registered.
- Compliance gaps should be priced into terms.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Aug 2025
Last AGM held
Annual general meeting
31 Jul 2025
Director ceased
DEBANJAN MANDAL
14 May 2025
Director appointed
DEBANJAN MANDAL (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Jun 2024
Director appointed
SANJEEV MARDA (Company Secretary)
Director appointed
Sanjeev Marda (Company Secretary)
31 May 2024
Director ceased
SHIVA BALAN
01 Apr 2024
Director appointed
HARSH PATI SINGHANIA (Director)
Director appointed
RAHUL KUMAR NARENDRAKUMAR BALDOTA (Director)
Director ceased
HARSH PATI SINGHANIA
Director ceased
RAHUL KUMAR NARENDRAKUMAR BALDOTA
30 Jul 2023
Director ceased
SRIDHAR SRINIVASAN
30 May 2023
Director appointed
SRIDHAR SRINIVASAN (Director)
01 Jul 2022
Director appointed
MAHENDRA KUMAR CHHAJER (CFO)
30 Jun 2022
Director ceased
SANJAY WAMANRAO PARNERKAR
10
Key Observations
Auto-generated from the data aboveRevenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
7 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA+ from Icra.
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 8 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Hincol | U23200MH1995PTC090671 | Mumbai, Maharashtra, India |
| Trualt Bioenergy Limited | L15400KA2021PLC145978 | Bagalkot, Karnataka, India |
| Smiore | L85110KA1954PLC000759 | Bellary, Karnataka, India |
| Aicl | L99999MH1995PLC084618 | Chembur, Maharashtra, India |
| Gandhar Oil | L23200MH1992PLC068905 | Mumbai, Maharashtra, India |
| Gulf Oil Lubricants India | L23203MH2008PLC267060 | Mumbai, Maharashtra, India |
| Savita Oil Technologies | L24100MH1961PLC012066 | Mumbai, Maharashtra, India |
| Balrampur Chini Mills | L15421WB1975PLC030118 | Kolkata, West Bengal, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Graphite India before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Graphite 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 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 60/100, margin trends, ownership structure and peer set for Graphite India - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Graphite India 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 Graphite India - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Graphite India an active company?
Graphite India has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Graphite India financially healthy?
Graphite India has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Graphite India?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Graphite India?
The ultimate holding entity is Emerald Company Private Limited. 13 active director(s) are on record.
Does Graphite India have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 25 earlier charge(s) stand satisfied.
Is Graphite India up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Graphite India?
Its Credit Risk Score is 95/100 (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.
