Promoter holding
64.27%
HL
Hipolin Ltd - Due diligence report
A 360° intelligence report on Hipolin: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Hipolin — 360° Intelligence Report
Generated from MCA filings & public records74/100
Trust Score
Moderate
Hipolin is assessed as Moderate with a Trust Score of 74/100. Hipolin is an active public limited indian non-government company incorporated in 1994, operating in the FMCG sector. Reported revenue has declined 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 03 Aug 2026 from the latest processed filings. Hipolin Ltd 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
74/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
26/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
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
90/100
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: 70/100 Moderate
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 10 satisfied (26.06 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 3 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| The Kalupur Commercial Co-Operative Bank Limited | 1 | 48.0 cr |
| The Kalupur Commercial Co-Op. Bank Ltd. | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
Compliance Score: 26/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: DSE, BSE.
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: BORKAR & MUZUMDAR on 2022-05-14.
- Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
- 1 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NITA BHARATBHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UMESHCHANDRA PRAFULVADAN MEHTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DAXESH BHUPENDRABHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAFULLA GATTANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AVNI CHOUHAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHAILESHKUMAR JAYANTILAL SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MRS.ANJALI MALPANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SAMIR ROHITBHAI SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anjali Maheshwari | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 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
-
Subsidiaries
1
Group entities
1
Capital events
-
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Jayantilal Bhogilal Chemicals Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: PRAFULLA GATTANI (Managing Director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 70 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Asset base grew 24% - capacity expansion.
Net margin improved to 0.86.
Operating for 32+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (26/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 6,706.00.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence60/100
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 assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view80/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- 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
08 Dec 2023
Director ceased
PRAFULLA GATTANI
11 Sep 2023
Director appointed
PRAFULLA GATTANI (Managing Director)
Director ceased
DIMPAL SHETH ASHOKKUMAR
24 Jun 2023
Director appointed
AVNI CHOUHAN (Additional Director)
17 May 2023
Director appointed
Anjali Maheshwari (Company Secretary)
17 Apr 2023
Director appointed
MRS.ANJALI MALPANI (Company Secretary)
28 Sep 2022
Director ceased
DAXESH BHUPENDRABHAI SHAH
Director ceased
SAMIR ROHITBHAI SHAH
17 Jan 2022
Director ceased
APEXA AJAYKUMAR PANCHAL
18 Dec 2021
Director appointed
DAXESH BHUPENDRABHAI SHAH (Director)
Director appointed
SAMIR ROHITBHAI SHAH (Director)
Director ceased
JAYKUMAR JAYANTILAL SHAH
01 Jun 2021
Director ceased
NIRAV DINESHBHAI SHAH
10
Key Observations
Auto-generated from the data aboveRevenue declined 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 10 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a majority 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.
| Company | CIN | Location |
|---|---|---|
| Herbs And Crops Overseas | U74999GJ2020PTC112171 | Nr Chamunda Bridge Asarva, Gujarat, India |
| Aromatic Allied And Organics Private Limited | U24116RJ1999PTC015393 | Jaipur, Rajasthan, India |
| Confluence Valley Private Limited | U74999TZ2017PTC029290 | Shoolagiri, Tamil Nadu, India |
| Rudraksh Minechem Private Limited | U24231GJ1997PTC031577 | Gandhidham, Gujarat, India |
| Molecules Conchem Private Limited | U24306HR2016PTC065366 | Jind, Haryana, India |
| Tetra India Private Limited | U29297HR2008PTC038583 | Bawal, Haryana, India |
| Ashok Gnxt Pharma Private Limited | U51909GJ2019PTC107421 | Vadodara, Gujarat, India |
| Kaisha Lifesciences | U74120MH2010PTC205291 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Hipolin before audits and certifications: compliance score 26/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Hipolin: 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 70/100, 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 Hipolin - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 74/100, distress signals and MSME payment-delay disclosures - know whether Hipolin 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 Hipolin - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Hipolin an active company?
Hipolin has MCA status “Active” with a compliance score of 26/100 (Caution Indicated).
Is Hipolin financially healthy?
Hipolin has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Hipolin?
Its overall Trust Score is 74/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Hipolin?
Promoters hold a majority stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Hipolin have loans or charges against its assets?
No open charges - all 10 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Hipolin up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 26/100 (Caution Indicated).
Is it risky to lend to Hipolin?
Its Credit Risk Score is 70/100 (Moderate). 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.
