Harsco India Private Limited - Due diligence report

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

2008-05-16 Serilingampally, Telangana Active Unlisted Active Compliant
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Harsco — 360° Intelligence Report

Generated from MCA filings & public records
85/100
Trust Score
Low Risk

Harsco is assessed as Low Risk with a Trust Score of 85/100. Harsco is an active private limited foreign company incorporated in india incorporated in 2008, operating in the Engineering 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 low compliance risk and low financial risk profile.

Report generated on 17 Aug 2026 from the latest processed filings. Harsco India Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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 ScoreLow Risk
85/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
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
45/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
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: 95/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Moderate gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (20.30 cr) · 2 satisfied (76.22 cr).

Banking relationships (from registered charges)
LenderChargesAmount
The Hongkong And Shanghai Banking Corporation Limited4 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 5 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
MANJUNATH RAGHAVELU 01234567 Director 01/04/2018 6 yrs Approved
Shambhu Kumar Jha 01234567 Director 01/04/2018 6 yrs Approved
SIVAKUMAR 01234567 Director 01/04/2018 6 yrs Approved
SAMUEL CARL FENICE 01234567 Director 01/04/2018 6 yrs Approved
  • 4 directors on the board.
  • MANJUNATH RAGHAVELU has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 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 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
Harsco Investment Europe B.v
Subsidiaries
1
Group entities
1
Capital events
15 allotment(s) · 2 transfer(s)

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

Group entityRelationship% held
Harsco India Metals Private Limited Subsidiary Company 74.00%
Harsco Investment Europe B.v Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Asset base grew 61% - capacity expansion.
Net margin improved to 38%.
EPFO headcount growing - hiring signal.
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
2 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence87/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment93/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 20.30 cr already registered.
  • Compliance record supports lending.
Investor view92/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
15 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Aug 2024
Director ceased
MANJUNATH RAGHAVELU
01 Jun 2024
Director appointed
MANJUNATH RAGHAVELU (Director)
27 Sep 2022
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
28 Feb 2022
Securities allotted
6401385 Equity Shares - 37.00 cr raised
03 Sep 2021
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 9.97 cr
30 Sep 2020
Director ceased
SAMUEL CARL FENICE
28 Aug 2020
Director appointed
SAMUEL CARL FENICE (Director)
14 Aug 2020
Director ceased
CHRISTOPHER JEREMY STUMP
31 Mar 2020
Share transfer (FY 2020)
2582661.00000000 shares to Europe B.V Harsco Investment
Share transfer (FY 2020)
6489664.00000000 shares to Europe B.V Harsco Investment
27 Feb 2019
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 20.00 cr
29 Mar 2018
Director ceased
SREEDHAR CHOWDHURY
28 Feb 2018
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
10

Key Observations

Auto-generated from the data above
Revenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
4 active director(s) / partner(s); review board churn before relying on management continuity.
5 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
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 15 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ry Midas Metacast Private Limited U28112GJ2009PTC057937 Ahmedabad, Gujarat, India
Sharp Tanks And Structurals U45200MH1987PTC045611 Mumbai, Maharashtra, India
Leela Sustainable Ship Recycling Private Limited U74999GJ2004PTC103996 Bhavnagar, Gujarat, India
Soni Auto & Allied Industries U50300JH1984PLC002045 Jamshedpur, Jharkhand, India
Htl Metal Private Limited U27320DL2011PTC214435 New Delhi, Delhi, India
R K R Gold Private Limited U27205TZ2006PTC013240 Coimbatore South, Tamil Nadu, India
Bharat Electrical Accessories Pvt.Ltd. U31300WB1994PTC199073 Kolkata, West Bengal, India
Nhbball U29130MH1994PLC082390 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Harsco before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Harsco: 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 95/100, margin trends, ownership structure and peer set for Harsco - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 85/100, distress signals and MSME payment-delay disclosures - know whether Harsco 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 Harsco - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Harsco an active company?

Harsco has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Harsco financially healthy?

Harsco has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Harsco?

Its overall Trust Score is 85/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Harsco?

The ultimate holding entity is Harsco Investment Europe B.v. 4 active director(s) are on record.

Does Harsco have loans or charges against its assets?

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

Is Harsco up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Harsco?

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.