Promoter holding
64.27%
HT
Harish Textile Engineers Limit - Due diligence report
A 360° intelligence report on Harish Textile Engineers Limit: trust score, financial health, credit view, compliance, directors, growth and …
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Harish Textile Engineers Limit — 360° Intelligence Report
Generated from MCA filings & public records55/100
Trust Score
Moderate
Harish Textile Engineers Limit is assessed as Moderate with a Trust Score of 55/100. Harish Textile Engineers Limit is an active public limited indian non-government company incorporated in 2010, operating in the Machinery and Equipment sector. The company has shown revenue growth 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 high financial risk profile.
Report generated on 24 Sep 2026 from the latest processed filings. Harish Textile Engineers 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
55/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
40/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 20/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
Charges position: 11 open (39.91 cr) · 5 satisfied (99.09 Lakh).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 9 | 48.0 cr |
| Others | 6 | 48.0 cr |
| Corporation Bank | 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, NCLT.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (168 disclosure(s)).
- 4 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SANDEEP KIRTIKUMAR GANDHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ASHWINI RAMAKANT GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PINKESH HASMUKHLAL UPADHYAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PINKESH HASMUKHLAL UPADHYAY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Priya Umesh Gupta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Bhavna Ronil Brahmbhatt | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL BHIRUD NARAYAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 7 directors on the board.
- SUNIL BHIRUD NARAYAN has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 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 2024 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
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)
Promoters hold the largest single block of equity - exact percentages are part of the full report.
Key managerial personnel: SANDEEP KIRTIKUMAR GANDHI (Managing Director) · PINKESH HASMUKHLAL UPADHYAY (CFO) · PINKESH HASMUKHLAL UPADHYAY (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 16+ years.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Compliance score is weak (42/100).
11 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.83 Lakh.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence56/100
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 assessment32/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 11 open charge(s) of 39.91 cr already registered.
- Compliance gaps should be priced into terms.
Investor view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events01 Jun 2026
Charge satisfied
Bank Of India
09 Feb 2026
Charge satisfied
Others
14 Nov 2025
Director ceased
MAHESH RATILAL SAPARIYA
30 Sep 2025
Last AGM held
Annual general meeting
10 Jun 2025
Director appointed
ASHWINI RAMAKANT GUPTA (Director)
31 May 2025
Charge created
Others - 13.25 Lakh
31 Mar 2025
Latest balance sheet
Filed with ROC
27 Mar 2025
Director appointed
SUNIL BHIRUD NARAYAN (Director)
04 Sep 2024
Director appointed
Bhavna Ronil Brahmbhatt (Director)
28 Sep 2023
Director ceased
SUSHMITA SWARUP LUNKAD
13 Sep 2023
Charge created
Others - 23.00 Lakh
19 Nov 2022
Charge created
Others - 4.23 cr
05 Sep 2022
Charge created
Bank Of India - 7.29 Lakh
30 May 2022
Charge created
Bank Of India - 12.03 Lakh
11 Mar 2022
Charge created
Bank Of India - 11.09 Lakh
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% - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); review board churn before relying on management continuity.
4 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2024 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 |
|---|---|---|
| Arvind Pd Composites Private Limited | U17120GJ2011PTC066160 | Ahmedabad, Gujarat, India |
| Wilhelm Textiles India Private Limited | U74899DL1994PTC063215 | New Delhi, Delhi, India |
| S.A.Aanandan Mill Limited | U17116TN1996PLC036146 | Rajapalayam, Tamil Nadu, India |
| Suchitra Dyeing And Printing Mills Private Limited | U17120GJ1983PTC066478 | Gujarat, Gujarat, India |
| Shalimar Wires Industries | L74140WB1996PLC081521 | Kolkata, West Bengal, India |
| Flexipol Foams | U17297RJ1995PTC095329 | Tijara, Rajasthan, India |
| Mectech | U70100DL1993PTC055145 | New Delhi, Delhi, India |
| V Star Creations Private Limited | U92113KL1996PTC010386 | Thrikkakara, Kerala, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Harish Textile Engineers Limit 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 Harish Textile Engineers Limit: 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: Enhanced diligence advised. Credit risk score 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Harish Textile Engineers Limit - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 55/100, distress signals and MSME payment-delay disclosures - know whether Harish Textile Engineers Limit 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 Harish Textile Engineers Limit - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Harish Textile Engineers Limit an active company?
Harish Textile Engineers Limit has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Harish Textile Engineers Limit financially healthy?
Harish Textile Engineers Limit has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Harish Textile Engineers Limit?
Its overall Trust Score is 55/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Harish Textile Engineers Limit?
Promoters hold the largest single block of equity - exact percentages are in the full report. 7 active director(s) are on record.
Does Harish Textile Engineers Limit have loans or charges against its assets?
11 open charge(s) are registered against its assets, and 5 earlier charge(s) stand satisfied.
Is Harish Textile Engineers Limit 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 Harish Textile Engineers Limit?
Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
