Promoter holding
64.27%
GN
Grindwell Norton Limited - Due diligence report
A 360° intelligence report on Grindwell Norton: trust score, financial health, credit view, compliance, directors, growth and distress signa…
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Grindwell Norton — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Grindwell Norton is assessed as Moderate with a Trust Score of 71/100. Grindwell Norton is an active public limited indian non-government company incorporated in 1950, 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 15 Aug 2026 from the latest processed filings. Grindwell Norton 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
71/100
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
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
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.
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.
Charges position: 3 open (24.98 cr) · 102 satisfied (286.68 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Central Bank Of India | 22 | 48.0 cr |
| State Bank Of India | 10 | 48.0 cr |
| Bank Of Baroda | 5 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Yes Bank Limited | 2 | 48.0 cr |
| Canra Bank | 5 | 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: DSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (695 disclosure(s)).
- 6 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| JEAN-CLAUDE ROGER LASSERRE | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARCHANA NIRANJAN HINGORANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENUGOPAL RAMNATH SHANBHAG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AAKIL ANAND MAHAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Hari Singudasu | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DAVID ERIC MOLHO | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUBODH SATCHITANAND NADKARNI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Kaustubh Govind Shukla | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SREEDHAR NATARAJAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prakash Parappa Sabarad | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Krishnaswamy Visweswaran | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Stephanie Billet | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Prakash Parappa Sabarad | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 13 directors on the board.
- JEAN-CLAUDE ROGER LASSERRE has DIN status "Deactivated".
- 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2024)
| 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
Compagnie De Saint-gobain (saint-gobain)
Subsidiaries
-
Group entities
1
Capital events
-
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Saint-gobain Ceramic Materials Bhutan Private Limited | Subsidiary Company | 74.00% |
| Compagnie De Saint-gobain (saint-gobain) | Holding Company | 74.00% |
| Advanced Synthetic Minerals Private Limited | Joint Ventures | 74.00% |
| Cleanwin Energy Three Llp | Associate Company | 74.00% |
Key managerial personnel: VENUGOPAL RAMNATH SHANBHAG (Managing Director) · Hari Singudasu (Whole-time director) · Prakash Parappa Sabarad (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 76+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
3 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 10.65 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence65/100
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 assessment82/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 3 open charge(s) of 24.98 cr already registered.
- Compliance gaps should be priced into terms.
Investor view81/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events02 Mar 2026
Charge satisfied
Citi Bank N.A.
06 Feb 2026
Director ceased
KRISHNASWAMY VISWESWARAN
25 Jul 2025
Last AGM held
Annual general meeting
28 May 2025
Director appointed
Prakash Parappa Sabarad (Cfo)
10 May 2025
Director appointed
Prakash Parappa Sabarad (CFO)
Director appointed
Stephanie Billet (Director)
01 Apr 2025
Director appointed
VENUGOPAL RAMNATH SHANBHAG (Managing Director)
Director appointed
Hari Singudasu (Whole-time director)
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Jul 2024
Director appointed
Kaustubh Govind Shukla (Director)
01 Feb 2024
Charge satisfied
Axis Bank Limited
31 Dec 2023
Director ceased
DEEPAK PRABHAKAR CHINDARKAR
04 Aug 2023
Director appointed
JEAN-CLAUDE ROGER LASSERRE (Director)
30 Jul 2022
Director appointed
AAKIL ANAND MAHAJAN (Director)
24 Mar 2022
Charge created
Axis Bank Limited - 25.00 cr
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); review board churn before relying on management continuity.
6 active GST registration(s) indicate ongoing business operations.
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.
5 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Hflgoa | L15139MH1984PLC316003 | Mumbai, Maharashtra, India |
| Amneal Pharmaceuticals | U24231GJ2006PTC048109 | Ahmedabad, Gujarat, India |
| Praxair | U24111TN1996PTC180780 | Sriperumbudur, Tamil Nadu, India |
| Sandoz | U24230MH1995PTC086989 | Navi Mumbai, Maharashtra, India |
| Laxmi | L24200MH1989PLC051736 | Mahad, Maharashtra, India |
| Galaxysurfactants | L39877MH1986PLC039877 | Navi Mumbai, Maharashtra, India |
| Inox Air Products | U24999MH1963PTC012625 | Navi Mumbai, Maharashtra, India |
| Givaudan- India | U11200KA1985PTC007056 | Jigani, Karnataka, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Grindwell Norton 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 Grindwell Norton: 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 75/100, margin trends, ownership structure and peer set for Grindwell Norton - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Grindwell Norton 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 Grindwell Norton - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Grindwell Norton an active company?
Grindwell Norton has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Grindwell Norton financially healthy?
Grindwell Norton has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Grindwell Norton?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Grindwell Norton?
The ultimate holding entity is Compagnie De Saint-gobain (saint-gobain). 13 active director(s) are on record.
Does Grindwell Norton have loans or charges against its assets?
3 open charge(s) are registered against its assets, and 102 earlier charge(s) stand satisfied.
Is Grindwell Norton 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 Grindwell Norton?
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.
