Gravity (India) Limited - Due diligence report

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

1987-03-13 Bhiwandi, Maharashtra Active Listed Active Compliant
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G( Gravity (India) Limited
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Gravity — 360° Intelligence Report

Generated from MCA filings & public records
60/100
Trust Score
Moderate

Gravity is assessed as Moderate with a Trust Score of 60/100. Gravity is an active public limited indian non-government company incorporated in 1987, operating in the Manufacturing 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 10 Jul 2026 from the latest processed filings. Gravity (India) Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
60/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
48/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
40/100
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: 55/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.

Charges position: 6 open (4.89 cr) · 2 satisfied (2.65 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Industrial Devlopment Bank Of India1 48.0 cr
Gujrat State Financial Corportion ;;1 48.0 cr
The Madhavpura Mercantile Cooperative Bank Ltd.1 48.0 cr
Bank Of Baroda1 48.0 cr
The Hong Kong And Shanghai Banking Corportion Limited1 48.0 cr
Compliance Score: 48/100 Caution Indicated
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: BSE, SEBI.
  • Litigation present in 2 court forum(s).
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 2 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 80/100
NameDIN / PANDesignationAppointedTenureDIN status
GEETANJALI KUMARI 01234567 Director 01/04/2018 6 yrs Approved
JAY RASIKLAL THAKKAR 01234567 Director 01/04/2018 6 yrs Approved
. AMBIKA 01234567 Director 01/04/2018 6 yrs Approved
TUSHAR RAI SHARMA 01234567 Director 01/04/2018 6 yrs Approved
SAMIR BIPINKUMAR RUPARELIA 01234567 Director 01/04/2018 6 yrs Approved
DAKSHABEN RASIKLAL THAKKAR 01234567 Director 01/04/2018 6 yrs Approved
VARUN RASIKLAL THAKKAR 01234567 Director 01/04/2018 6 yrs Approved
Komal Hardikkumar Patel 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 6 director exits in 3 years - high churn.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
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 2023 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 minority stake - exact percentages are part of the full report.

Key managerial personnel: JAY RASIKLAL THAKKAR (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 45 · Distress 40
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 39+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
5 director exits within 2 years.
Compliance score is weak (48/100).
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 26,220.00.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence49/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 4 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 4.89 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view50/100
Mixed 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 events
30 Sep 2025
Last AGM held
Annual general meeting
29 Sep 2025
Director ceased
. AMBIKA
Director ceased
TUSHAR RAI SHARMA
Director ceased
Manoj Kanhiyalal Ramavat
Director ceased
Komal Hardikkumar Patel
27 May 2025
Director appointed
. AMBIKA (Director)
Director appointed
TUSHAR RAI SHARMA (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Feb 2025
Director appointed
GEETANJALI KUMARI (Company Secretary)
Director appointed
Komal Hardikkumar Patel (Director)
13 Aug 2024
Director ceased
SAMIR BIPINKUMAR RUPARELIA
26 Sep 2023
Director ceased
DIPTI VASANT KADAM
02 Jun 2023
Director ceased
PRABHAVATI VENUGOPAL SHETTY
29 Nov 2022
Charge created
Others - 1.00 cr
28 Oct 2022
Charge created
Others - 18.35 Lakh
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2023 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
Abbey Fashions Private Limited U18101DL2005PTC140591 New Delhi, Delhi, India
Radhey Foam Private Limited U17214GJ2013PTC073983 Surat, Gujarat, India
Alla Moda Knitwear Private Limited U18209PB2020PTC050654 Ludhiana, Punjab, India
Shri Annalakshmi Spinning Private Limited U17111TZ2007PTC013461 Dindigul, Tamil Nadu, India
Mustard Retail Private Limited U32101KA2006PTC125371 Bengaluru, Karnataka, India
Lakshmi Ring Travellers U17111TZ2007PLC013789 Coimbatore, Tamil Nadu, India
Miracle Lifestyle Limited U18101MH1990PLC059214 Mumbai, Maharashtra, India
S.G.Polytex India Private Limited U25200TZ2013PTC019585 Tirupur, Tamil Nadu, India
12

Who Uses This Report

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

Verify Gravity before audits and certifications: compliance score 48/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Gravity: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Gravity - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 60/100, distress signals and MSME payment-delay disclosures - know whether Gravity 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 Gravity - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Gravity an active company?

Gravity has MCA status “Active” with a compliance score of 48/100 (Caution Indicated).

Is Gravity financially healthy?

Gravity has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.

Should I do business with Gravity?

Its overall Trust Score is 60/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Gravity?

Promoters hold a minority stake - exact percentages are in the full report. 8 active director(s) are on record.

Does Gravity have loans or charges against its assets?

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

Is Gravity up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 48/100 (Caution Indicated).

Is it risky to lend to Gravity?

Its Credit Risk Score is 55/100 (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.