Hrs Process Systems Limited - Due diligence report

A 360° intelligence report on Hrs Process Systems: trust score, financial health, credit view, compliance, directors, growth and distress si…

2003-04-01 Pune City, Maharashtra Active Unlisted Active Compliant
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HP Hrs Process Systems Limited
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Hrs Process Systems — 360° Intelligence Report

Generated from MCA filings & public records
79/100
Trust Score
Low Risk

Hrs Process Systems is assessed as Low Risk with a Trust Score of 79/100. Hrs Process Systems is an active public limited indian non-government company incorporated in 2003, operating in the Machinery and Equipment 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 moderate compliance risk and low financial risk profile.

Report generated on 29 Jun 2026 from the latest processed filings. Hrs Process Systems 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
79/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
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
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.

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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.
  • Externally credit-rated (A3).

Charges position: 1 open (36.00 cr) · 1 satisfied (38.78 cr).

Banking relationships (from registered charges)
LenderChargesAmount
State Bank Of India1 48.0 cr
The Hongkong And Shanghai Banking Corporation Limited1 48.0 cr
Compliance Score: 72/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (12 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 45/100
NameDIN / PANDesignationAppointedTenureDIN status
NARESH RAMJILAL AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
VASUDEO MURLIDHAR YADWAD 01234567 Director 01/04/2018 6 yrs Approved
VENUGOPALAN GOKUL DAS 01234567 Director 01/04/2018 6 yrs Approved
VIKAS YASHWANT KHARE 01234567 Director 01/04/2018 6 yrs Approved
RADHAKRISHNAN THACHILATH KOCHU 01234567 Director 01/04/2018 6 yrs Approved
RAJENDRA KANTRAO DAWKAR 01234567 Director 01/04/2018 6 yrs Approved
SANJAY TULASHIRAM JADHAV 01234567 Director 01/04/2018 6 yrs Approved
JOHN ALLEN THOMAS 01234567 Director 01/04/2018 6 yrs Approved
MARK EL BAROUDI 01234567 Director 01/04/2018 6 yrs Approved
DAVID SIMON WILLIAMSON 01234567 Director 01/04/2018 6 yrs Approved
  • 10 directors on the board.
  • SANJAY TULASHIRAM JADHAV 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
Hrs International Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Hrs International Limited Holding Company 74.00%

Key managerial personnel: NARESH RAMJILAL AGARWAL (Whole-time director) · VENUGOPALAN GOKUL DAS (Managing Director) · RADHAKRISHNAN THACHILATH KOCHU (Whole-time director) · RAJENDRA KANTRAO DAWKAR (Whole-time director) · SANJAY TULASHIRAM JADHAV (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 80
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 23+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 1.42 in a year.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 6.65 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence76/100
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 assessment89/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 36.00 cr already registered.
  • Compliance record supports lending.
Investor view91/100
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
29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
SANJAY TULASHIRAM JADHAV
05 Sep 2025
Director appointed
SANJAY TULASHIRAM JADHAV (Whole-time director)
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Feb 2022
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 36.00 cr
27 Sep 2021
Director ceased
JOHN ALLEN THOMAS
Director ceased
MARK EL BAROUDI
Director ceased
DAVID SIMON WILLIAMSON
23 Aug 2021
Charge satisfied
State Bank Of India
20 Jul 2021
Director appointed
JOHN ALLEN THOMAS (Director)
Director appointed
MARK EL BAROUDI (Director)
Director appointed
DAVID SIMON WILLIAMSON (Director)
Director ceased
STEVEN EDWARD PITHER
21 Jan 2020
Director ceased
VENUGOPALAN GOKUL DAS
30 Sep 2019
Director ceased
NARESH RAMJILAL AGARWAL
10

Key Observations

Auto-generated from the data above
Revenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
10 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A3 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 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Apple Insulated Wires Private Limited U31300DN1997PTC000182 Silvassa, Dadra & Nagar Haveli, India
Armstrong U29100MH2002PTC136465 Nashik, Maharashtra, India
Ambrane U72200DL2012PTC243949 Delhi, Delhi, India
Riello-Power U40102DL2010PTC205402 New Delhi, Delhi, India
Kharagpur Metal Reforming Industries Pvt Ltd U27109WB1991PTC050542 Na, West Bengal, India
Kern-Liebers (India) Private Limited U02919KA2005PTC037505 Tumkur, Karnataka, India
Vikasgroup U27300DL2007PTC165006 New Delhi, Delhi, India
Krn Heat Exchanger And Refrigeration Limited L29309RJ2017PLC058905 Neemrana, Rajasthan, India
12

Who Uses This Report

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

Verify Hrs Process Systems before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Hrs Process Systems: 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 Hrs Process Systems - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 79/100, distress signals and MSME payment-delay disclosures - know whether Hrs Process Systems pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Hrs Process Systems - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Hrs Process Systems an active company?

Hrs Process Systems has MCA status “Active” with a compliance score of 72/100 (Moderate).

Is Hrs Process Systems financially healthy?

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

Should I do business with Hrs Process Systems?

Its overall Trust Score is 79/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Hrs Process Systems?

The ultimate holding entity is Hrs International Limited. 10 active director(s) are on record.

Does Hrs Process Systems have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

Is Hrs Process Systems up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).

Is it risky to lend to Hrs Process Systems?

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.