Promoter holding
64.27%
HP
Harsham Projects Limited - Due diligence report
A 360° intelligence report on Harsham Projects Limited: trust score, financial health, credit view, compliance, directors, growth and distre…
HP
Harsham Projects Limited
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- Full trust, health & credit-risk scores
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Harsham Projects Limited — 360° Intelligence Report
Generated from MCA filings & public records73/100
Trust Score
Moderate
Harsham Projects Limited is assessed as Moderate with a Trust Score of 73/100. Harsham Projects Limited is an active public limited indian non-government company incorporated in 1992, operating in the Food and Beverages sector. Reported revenue has declined 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 low compliance risk and high financial risk profile.
Report generated on 12 Jul 2026 from the latest processed filings. Harsham Projects 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
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
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
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 35/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Working-capital cover adequate.
Charges position: 2 open (93.50 Lakh) · 6 satisfied (2.37 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Ksiidc Ltd | 4 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| The Bhatkal Urban Co Operative Bank Limited | 2 | 48.0 cr |
| The Kanara District Central Co-Operative Bank Ltd | 1 | 48.0 cr |
Compliance Score: 88/100 Low Risk
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
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Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SATISH MHALAPPA PAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DINESH RAMDAS PAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| NITYANAND MANJUNATH PRABHU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| 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 2021 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
-
Promoters hold a minority stake - exact percentages are part of the full report.
Key managerial personnel: SATISH MHALAPPA PAI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 34+ years.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
2 open charge(s) registered - assets are encumbered.
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Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence75/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment50/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 93.50 Lakh already registered.
- Compliance record supports lending.
Investor view48/100
Mixed indicators
Growth quality and scalability through an investor lens.
- No clear growth signals in the filed years.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events30 Sep 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
03 Jan 2021
Director appointed
DINESH RAMDAS PAI (Director)
11 Dec 2020
Director ceased
GANAPATI SHRIDHAR KAMATH
07 Jan 2019
Director ceased
DINESH RAMDAS PAI
11 Nov 2011
Charge satisfied
The Bhatkal Urban Co Operative Bank Limited
28 Oct 2011
Charge created
Hdfc Bank Limited - 87.50 Lakh
23 Aug 2011
Charge created
The Bhatkal Urban Co Operative Bank Limited - 6.00 Lakh
26 Mar 2009
Charge satisfied
The Kanara District Central Co-Operative Bank Ltd
04 Mar 2008
Charge created
The Bhatkal Urban Co Operative Bank Limited - 40.00 Lakh
11 Jan 2008
Charge satisfied
Ksiidc Ltd
01 Dec 2007
Director appointed
SATISH MHALAPPA PAI (Managing Director)
16 Nov 2007
Director ceased
SATISH MHALAPPA PAI
15 Nov 2007
Director ceased
HANUMANTH MAHALAPPA PAI
Director ceased
PRADEEP GANAPATI PAI
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Key Observations
Auto-generated from the data aboveRevenue declined 38% over the last 4 financial year(s).
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
Promoters hold a minority stake as per the FY 2021 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
| Company | CIN | Location |
|---|---|---|
| Sprinkles Plantation Private Limited | U01100KL2017PTC048486 | Alapuzha, Kerala, India |
| R. K. Agarwal Agrifarm Private Limited | U02005UR2010PTC033167 | Ramnagar, Uttarakhand, India |
| Suraj Advanced Research And Analytical Laboratories Private Limited | U73100RJ2016PTC048984 | Jodhpur, Rajasthan, India |
| Krunchy Farms Food Private Limited | U01100KA2021PTC150642 | Bengaluru, Karnataka, India |
| Fanidhar Agriculture And Research Foundation | U01403GJ2011NPL066829 | Ahmedabad, Gujarat, India |
| Varma Foods Private Limited | U15499TG1998PTC028856 | Secunderabad, Telangana, India |
| Varma Agriculture Farms Private Limited | U01119TG2007PTC053467 | Hyderabad, Telangana, India |
| Malwa Medineed Private Limited | U33112MP1999PTC013544 | Indore, Madhya Pradesh, India |
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Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Harsham Projects Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Harsham Projects Limited: 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 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Harsham Projects Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Harsham Projects Limited pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Harsham Projects Limited - groundwork for KYC, onboarding and disputes.
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Frequently Asked Questions
Is Harsham Projects Limited an active company?
Harsham Projects Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).
Is Harsham Projects Limited financially healthy?
Harsham Projects Limited has a Financial Health Score of 40/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Harsham Projects Limited?
Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Harsham Projects Limited?
Promoters hold a minority stake - exact percentages are in the full report. 3 active director(s) are on record.
Does Harsham Projects Limited have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 6 earlier charge(s) stand satisfied.
Is Harsham Projects Limited up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).
Is it risky to lend to Harsham Projects Limited?
Its Credit Risk Score is 35/100 (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.
