Greenlam Industries Limited - Due diligence report

A 360° intelligence report on Greenlam Industries: trust score, financial health, credit view, compliance, directors, growth and distress si…

2013-08-12 New Delhi, Delhi Active Listed Active Compliant
GI Greenlam Industries Limited
Full Due-Diligence Report + Documents
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Greenlam Industries — 360° Intelligence Report

Generated from MCA filings & public records
74/100
Trust Score
Moderate

Greenlam Industries is assessed as Moderate with a Trust Score of 74/100. Greenlam Industries is an active public limited indian non-government company incorporated in 2013, 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 17 Jul 2026 from the latest processed filings. Greenlam Industries Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong 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 ScoreModerate
74/100
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
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

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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: 45/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.
  • Externally credit-rated (AA-).

Charges position: 10 open (1,575.00 cr) · 19 satisfied (1,218.85 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others9 48.0 cr
Idbi Bank Limited3 48.0 cr
Hdfc Bank Limited4 48.0 cr
Citi Bank N.A.3 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited3 48.0 cr
Standard Chartered Bank2 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.
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (11 disclosure(s)).
Legal cases on record (3)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
PARUL MITTAL 01234567 Director 01/04/2018 6 yrs Approved
SANDIP DAS 01234567 Director 01/04/2018 6 yrs Approved
PRAKASH KUMAR BISWAL 01234567 Director 01/04/2018 6 yrs Approved
RAHUL CHHABRA 01234567 Director 01/04/2018 6 yrs Approved
Mr. Ashok Kumar Sharma 01234567 Director 01/04/2018 6 yrs Approved
SAURABH MITTAL 01234567 Director 01/04/2018 6 yrs Approved
SHIV PRAKASH MITTAL 01234567 Director 01/04/2018 6 yrs Approved
MATANGI GOWRISHANKAR 01234567 Director 01/04/2018 6 yrs Approved
JALAJ ASHWIN DANI 01234567 Director 01/04/2018 6 yrs Approved
YOGESH KAPUR 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • 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 2025 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
2
Group entities
2
Capital events
-

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

Group entityRelationship% held
Greenlam America, Inc. Subsidiary Company 74.00%
Greenlam Asia Pacific Pte. Limited Subsidiary Company 74.00%
Greenlam Decolan Sa Subsidiary Company 74.00%
Greenlam Europe (uk) Limited Subsidiary Company 74.00%
Greenlam Poland Sp. Z.o.o. Subsidiary Company 74.00%
Greenlam Rus Llc Subsidiary Company 74.00%
Greenlam South Limited Subsidiary Company 74.00%
Greenlam Holding Co., Ltd. Subsidiary Company 74.00%
Pt. Greenlam Asia Pacific Subsidiary Company 74.00%
Greenlam Asia Pacific (thailand) Co. Ltd. Subsidiary Company 74.00%

Key managerial personnel: PARUL MITTAL (Whole-time director) · Mr. Ashok Kumar Sharma (CFO) · SAURABH MITTAL (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 12+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Compliance score is weak (42/100).
10 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 4.64 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
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 assessment55/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 10 open charge(s) of 1,575.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
28 Oct 2025
Charge created
Others - 100.00 cr
10 Sep 2025
Charge satisfied
Others
31 Jul 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Oct 2024
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
27 Sep 2024
Charge satisfied
Others
02 Jul 2024
Charge created
Others - 150.00 cr
03 Aug 2023
Director ceased
JALAJ ASHWIN DANI
29 Jun 2023
Director appointed
JALAJ ASHWIN DANI (Director)
21 May 2023
Director appointed
RAHUL CHHABRA (Director)
10 Aug 2022
Director ceased
VIJAY KUMAR CHOPRA
12 Jul 2022
Charge created
Others - 100.00 cr
02 Mar 2022
Charge created
Others - 99.00 cr
23 Dec 2021
Charge satisfied
Hdfc Bank Limited
03 Dec 2021
Charge satisfied
Idbi Bank Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
10 active director(s) / partner(s); board looks stable and experienced.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA- from Care.
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.
10 overseas direct investment(s) (ODI) on record - international footprint.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
N R Agarwal Industries L22210MH1993PLC133365 Mumbai, Maharashtra, India
Tcpl L22210MH1987PLC044505 Mumbai, Maharashtra, India
Seshasayee Paper & Boards L21012TZ1960PLC000364 Erode, Tamil Nadu, India
Emami Papers Mills L21019WB1981PLC034161 Kolkata, West Bengal, India
Merino U51909WB1965PLC026556 Kolkata, West Bengal, India
Wcpm L02101KA1955PLC001936 Dandeli, Karnataka, India
Century Plyboards (I) L20101WB1982PLC034435 Kolkata, West Bengal, India
Balaji Malts Private Limited U15494KA1991PTC012611 Maddur Taluk, Karnataka, India
12

Who Uses This Report

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

Verify Greenlam Industries 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 Greenlam 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Greenlam Industries - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Greenlam Industries pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Greenlam Industries - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Greenlam Industries an active company?

Greenlam Industries has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).

Is Greenlam Industries financially healthy?

Greenlam Industries has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Greenlam Industries?

Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Greenlam Industries?

Promoters hold a minority stake - exact percentages are in the full report. 10 active director(s) are on record.

Does Greenlam Industries have loans or charges against its assets?

10 open charge(s) are registered against its assets, and 19 earlier charge(s) stand satisfied.

Is Greenlam Industries 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 Greenlam Industries?

Its Credit Risk Score is 45/100 (Caution Indicated). 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.