Promoter holding
64.27%
GL
Gsec Limited - Due diligence report
A 360° intelligence report on Gsec: trust score, financial health, credit view, compliance, directors, growth and distress signals - generat…
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Gsec — 360° Intelligence Report
Generated from MCA filings & public records86/100
Trust Score
Low Risk
Gsec is assessed as Low Risk with a Trust Score of 86/100. Gsec is an active public limited indian non-government company incorporated in 1965, operating in the Transport and Logistics sector. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.
Report generated on 11 Aug 2026 from the latest processed filings. Gsec 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 ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
80/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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 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: 55/100 Moderate
- Liabilities ≈ 38% EBITDA - stretched.
- Profitable - internal accruals available.
- Externally credit-rated (BBB-).
Charges position: 1 open (49.50 cr) · 9 satisfied (182.15 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 4 | 48.0 cr |
| Uco Bank | 1 | 48.0 cr |
| Dcb Bank Limited | 1 | 48.0 cr |
| Kotak Mahindra Prime Limited | 2 | 48.0 cr |
| The Kalupur Commercial Co-Op Bank Ltd | 2 | 48.0 cr |
Compliance Score: 80/100 Low Risk
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 5 court forum(s).
- 4 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SAMIR MANKAD HANSKUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAKESH SHAH RAMANLAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHESWAR SAHU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJI SHAISHAV SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANDIP ASHWINBHAI PARIKH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAISHAV RAKESHKUMAR SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rajesh Rasiklal Bhansali | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 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)
| 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 2023 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
Komal Infotech Private Limited
Subsidiaries
6
Group entities
10
Capital events
2 allotment(s) · 4 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Avipark Facilities Private Limited | Subsidiary Company | 74.00% |
| Electrify Energy Private Limited | Subsidiary Company | 74.00% |
| Gsec Air Services Private Limited | Subsidiary Company | 74.00% |
| Gsec Logistics Limited | Subsidiary Company | 74.00% |
| Komal Infotech Private Limited | Holding Company | 74.00% |
| Aviground Facilities Private Limited | Subsidiary Company | 74.00% |
| Aviserve Facilities Private Limited | Subsidiary Company | 74.00% |
| Smartmeters Technologies Private Limited | Joint Ventures | 74.00% |
| P C Snehal Gsec Llp | Associate Company | 74.00% |
| Gsec Bird Airport Services Private Limited | Associate Company | 74.00% |
Key managerial personnel: SAMIR MANKAD HANSKUMAR (Whole-time director) · RAKESH SHAH RAMANLAL (Managing Director) · SHAISHAV RAKESHKUMAR SHAH (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 80
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 60+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
1 open charge(s) registered - assets are encumbered.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence82/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 49.50 cr already registered.
- Compliance record supports lending.
Investor view79/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 3 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events27 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Oct 2024
Director appointed
Rajesh Rasiklal Bhansali (Cfo)
01 May 2024
Director ceased
DINESH CHHABILDAS SHAH
15 Jul 2023
Director ceased
DARSHIL HEMENDRAKUMAR SHAH
06 Aug 2022
Director appointed
MAHESWAR SAHU (Director)
01 Dec 2021
Director ceased
RAJI SHAISHAV SHAH
20 Aug 2021
Director ceased
SHAISHAV RAKESHKUMAR SHAH
15 Feb 2021
Director ceased
SANDIP ASHWINBHAI PARIKH
30 Dec 2020
Director ceased
SHAILESH INDRADAMAN PATWARI
18 Dec 2020
Charge satisfied
Kotak Mahindra Prime Limited
21 Jul 2020
Director ceased
NATWARLAL MEGHJIBHAI PATEL
18 Jun 2019
Director ceased
MAHESWAR SAHU
12 Feb 2019
Director ceased
BHALABHAI CHHOTABHAI PATEL
28 Sep 2018
Director ceased
CHINTANKUMAR MAHENDRABHAI PATEL
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of BBB- from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling 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.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Amolakchand Ankur Kothari Enterprises Private Limited | U51909KA2017PTC099448 | Bangalore, Karnataka, India |
| Mascot Health Series | U74999DL2007PTC164204 | New Delhi, Delhi, India |
| Sendoz Commercials Private Limited | U51909WB1999PTC090775 | Kolkata, West Bengal, India |
| Giesecke And Devrient India Private Limited | U74999DL2001PTC127080 | New Delhi, Delhi, India |
| Reshamandi | U74110KA2020PTC134121 | Bangaluru, Karnataka, India |
| Saphire Motors | U50100KA2009PTC049791 | Bangalore, Karnataka, India |
| Duane Park | U51909DL2016PTC300857 | New Delhi, Delhi, India |
| Sohanlal | U74999DL2003PTC122939 | Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Gsec before audits and certifications: compliance score 80/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Gsec: 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 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 70/100, margin trends, ownership structure and peer set for Gsec - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Gsec pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Gsec - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Gsec an active company?
Gsec has MCA status “Active” with a compliance score of 80/100 (Low Risk).
Is Gsec financially healthy?
Gsec has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.
Should I do business with Gsec?
Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Gsec?
The ultimate holding entity is Komal Infotech Private Limited. 7 active director(s) are on record.
Does Gsec have loans or charges against its assets?
1 open charge(s) are registered against its assets, and 9 earlier charge(s) stand satisfied.
Is Gsec up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 80/100 (Low Risk).
Is it risky to lend to Gsec?
Its Credit Risk Score is 55/100 (Moderate). 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.
