Promoter holding
64.27%
IL
Indfrag Limited - Due diligence report
A 360° intelligence report on Indfrag: trust score, financial health, credit view, compliance, directors, growth and distress signals - gene…
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Indfrag — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Indfrag is assessed as Moderate with a Trust Score of 65/100. Indfrag is a public limited indian non-government company incorporated in 1987, operating in the Chemicals and Materials 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 high compliance risk and low financial risk profile.
Report generated on 30 Jun 2026 from the latest processed filings. Indfrag 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
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
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 ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 2 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 1.42).
- Working-capital cover adequate.
- Profitable - internal accruals available.
Charges position: 0 open (-) · 6 satisfied (32.83 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Dbs Bank Ltd. | 1 | 48.0 cr |
| Abn Amro Bank N. V. | 1 | 48.0 cr |
| Abnamrobanknv | 1 | 48.0 cr |
| Abn Amro Bank | 1 | 48.0 cr |
| State Bank Of India | 1 | 48.0 cr |
| Export-Import Bank Of India | 1 | 48.0 cr |
Compliance Score: 16/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2016 - filings overdue.
- Litigation present in 2 court forum(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| RAHUL JAWAHAR LALKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PHILIP SAMUEL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEP MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHAITANYA CHHOTUBHAI DESAI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY JAYASINH MARIWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 5 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 2016)
| 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 2016 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
0 allotment(s) · 4 transfer(s)
Promoters hold a majority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Euro Indfrag Sarl | Subsidiary Company | 74.00% |
| Indfrag Asia Pacific Pte Limited | Subsidiary Company | 74.00% |
| Indfrag Bioscience Inc | Subsidiary Company | 74.00% |
| Sushrut Herbals Private Limited | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 80 · Distress 55
Growth signals & trust indicators
Steady revenue growth: +2.1x over 1 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
Operating for 39+ years.
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (16/100).
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence42/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
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 view82/100
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 events07 Feb 2017
Director ceased
RAHUL JAWAHAR LALKA
Director ceased
PHILIP SAMUEL
Director ceased
DEEP MISHRA
Director ceased
CHAITANYA CHHOTUBHAI DESAI
Director ceased
SANJAY JAYASINH MARIWALA
03 Jan 2017
Director appointed
RAHUL JAWAHAR LALKA (Director)
Director appointed
DEEP MISHRA (Director)
Director appointed
CHAITANYA CHHOTUBHAI DESAI (Director)
Director appointed
SANJAY JAYASINH MARIWALA (Director)
Director ceased
ANITA SAMUEL
Director ceased
VELLAYAN ARUNACHALAM
Director ceased
SUMANT KAPUR
Director ceased
THOPPUR RAJAGOPAL NATARAJAN
30 Dec 2016
Last AGM held
Annual general meeting
23 Dec 2016
Charge satisfied
Dbs Bank Ltd.
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 1 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
All 6 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
Promoters hold a majority stake as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
5 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Mcfills Enterprises Private Limited | U15209GJ2003PTC042768 | Ahmedabad, Gujarat, India |
| Ccal | L24297TN1983PLC072409 | Chennai, Tamil Nadu, India |
| Orientalaromatics | U24240MH1973PLC016382 | Mumbai, Maharashtra, India |
| Lasa Laboratory | U24297MH1998PTC114317 | Badlapur, Maharashtra, India |
| Vineet Oils Pvt. Ltd. | U23201WB1993PTC058546 | Kolkata, West Bengal, India |
| Gvkbio | U24239TG2005PTC046402 | Hyderabad, Telangana, India |
| Venus Biosciences Private Limited | U74999HP2008PTC031161 | Solan, Himachal Pradesh, India |
| Domino Printing | U29294DL1996PTC078928 | New Delhi, Delhi, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indfrag before audits and certifications: compliance score 16/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indfrag: 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 80/100, margin trends, ownership structure and peer set for Indfrag - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Indfrag 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 Indfrag - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indfrag an active company?
Indfrag has MCA status “Amalgamated” with a compliance score of 16/100 (Caution Indicated).
Is Indfrag financially healthy?
Indfrag has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Indfrag?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indfrag?
Promoters hold a majority stake - exact percentages are in the full report. 5 active director(s) are on record.
Does Indfrag have loans or charges against its assets?
No open charges - all 6 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Indfrag up to date with its ROC filings?
Last balance sheet is for Mar 2016 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).
Is it risky to lend to Indfrag?
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.
