Indef Manufacturing Limited - Due diligence report

A 360° intelligence report on Indef Manufacturing Limited: trust score, financial health, credit view, compliance, directors, growth and dis…

2022-09-12 Mumbai, Maharashtra Active Listed Active Compliant
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IM Indef Manufacturing Limited
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  • Director details, charges & MCA documents
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Indef Manufacturing Limited — 360° Intelligence Report

Generated from MCA filings & public records
82/100
Trust Score
Low Risk

Indef Manufacturing Limited is assessed as Low Risk with a Trust Score of 82/100. Indef Manufacturing Limited is an active public limited indian non-government company incorporated in 2022, operating in the Machinery and Equipment sector. 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 23 Jul 2026 from the latest processed filings. Indef Manufacturing 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
82/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 3 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (10.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Hdfc Bank Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
VANDAN SITARAM SHAH 01234567 Director 01/04/2018 6 yrs Approved
AMIT BHALLA 01234567 Director 01/04/2018 6 yrs Approved
SHEKHAR BAJAJ 01234567 Director 01/04/2018 6 yrs Approved
GIRIJA BALAKRISHNAN 01234567 Director 01/04/2018 6 yrs Approved
VIKRAM TARANATH HOSANGADY 01234567 Director 01/04/2018 6 yrs Approved
JAYAVANTH KALLIANPUR MALLYA 01234567 Director 01/04/2018 6 yrs Approved
Bijay Kumar Agrawal 01234567 Director 01/04/2018 6 yrs Approved
Vineesh Vijayan Thazhumpal 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 5 director exits in 3 years - high churn.
06

Ownership & Group Intelligence

As per FY 2025 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
Hercules Hoists Limited
Subsidiaries
-
Group entities
-
Capital events
-

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

Group entityRelationship% held
Hercules Hoists Limited Holding Company 74.00%

Key managerial personnel: AMIT BHALLA (Managing Director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 70
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Young company (3 years).
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 0.86 in a year.
5 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence86/100
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 assessment87/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 10.00 cr already registered.
  • Compliance record supports lending.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
12 Aug 2025
Last AGM held
Annual general meeting
11 Aug 2025
Director ceased
VANDAN SITARAM SHAH
27 May 2025
Director appointed
VANDAN SITARAM SHAH (Director)
Director ceased
NIRAVNAYAN NIRAJ BAJAJ
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Mar 2025
Director appointed
Bijay Kumar Agrawal (Cfo)
06 Jan 2025
Charge created
Hdfc Bank Limited - 10.00 cr
14 Oct 2024
Director appointed
Vineesh Vijayan Thazhumpal (Company Secretary)
01 Oct 2024
Director appointed
AMIT BHALLA (Managing Director)
12 Aug 2024
Director appointed
GIRIJA BALAKRISHNAN (Director)
Director appointed
VIKRAM TARANATH HOSANGADY (Director)
Director appointed
JAYAVANTH KALLIANPUR MALLYA (Director)
Director ceased
GIRIJA BALAKRISHNAN
Director ceased
VIKRAM TARANATH HOSANGADY
Director ceased
JAYAVANTH KALLIANPUR MALLYA
10

Key Observations

Auto-generated from the data above
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
8 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Mahindra U29268PN2010PTC211779 Pune, Maharashtra, India
Vega U21014TG1999PTC032770 Rangareddy, Telangana, India
Mekins U01119TG1984PTC004860 Hyderabad, Telangana, India
Wevin U31909KA1994PTC015126 Bangalore., Karnataka, India
Ats Conveyors India Private Limited U29299PN2005PTC020541 Khed, Maharashtra, India
Maini Materials U60231KA1984PTC006017 Bangalore, Karnataka, India
Jost'S Engineering L28100MH1907PLC000252 Mumbai, Maharashtra, India
International Combustion L36912WB1936PLC008588 Kolkata, West Bengal, India
12

Who Uses This Report

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

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

Company Secretaries (CS)

Track statutory health of Indef Manufacturing 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: Favourable lending indicators. Credit risk score 85/100, 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 Indef Manufacturing Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 82/100, distress signals and MSME payment-delay disclosures - know whether Indef Manufacturing 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 Indef Manufacturing Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Indef Manufacturing Limited an active company?

Indef Manufacturing Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).

Is Indef Manufacturing Limited financially healthy?

Indef Manufacturing Limited has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Indef Manufacturing Limited?

Its overall Trust Score is 82/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Indef Manufacturing Limited?

The ultimate holding entity is Hercules Hoists Limited. 8 active director(s) are on record.

Does Indef Manufacturing Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Indef Manufacturing Limited up to date with its ROC filings?

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

Is it risky to lend to Indef Manufacturing Limited?

Its Credit Risk Score is 85/100 (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.