Promoter holding
64.27%
IA
Indian Acrylics Limited - Due diligence report
A 360° intelligence report on Indian Acrylics: trust score, financial health, credit view, compliance, directors, growth and distress signal…
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Indian Acrylics — 360° Intelligence Report
Generated from MCA filings & public records51/100
Trust Score
Moderate
Indian Acrylics is assessed as Moderate with a Trust Score of 51/100. Indian Acrylics is an active public limited indian non-government company incorporated in 1986, operating in the Manufacturing 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 high compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Indian Acrylics 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
51/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
20/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
45/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
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: 20/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
Charges position: 4 open (232.27 cr) · 52 satisfied (600.88 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 8 | 48.0 cr |
| Punjab National Bank | 15 | 48.0 cr |
| Hdfc Bank Limited | 5 | 48.0 cr |
| Industrial Development Bank Of India | 4 | 48.0 cr |
| State Bank Of India | 6 | 48.0 cr |
| State Bank Of Patiala | 6 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: NSDL, CDSL, BSE.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (12 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 45/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DEVA BHARATHI REDDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PARAMPAL KAUR SIDHU | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURINDER KANSAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJINDER KUMAR GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVNESH KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHASHI BHUSHAN GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALOK GOYAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHIVDEV INDER SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY KRISHNA AHUJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURINDER SINGH VIRDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHAVNESH KUMAR GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DHEERAJ GARG | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURINDER KANSAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| TEJINDER KAUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 14 directors on the board.
- PARAMPAL KAUR SIDHU has DIN status "Deactivated".
- 1 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 2025 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.
| Group entity | Relationship | % held |
|---|---|---|
| Carlit Trading Europe S.l.u. (spain) | Subsidiary Company | 74.00% |
Key managerial personnel: SURINDER KANSAL (CFO) · RAJINDER KUMAR GARG (Managing Director) · ALOK GOYAL (Whole-time director) · DHEERAJ GARG (Whole-time director) · SURINDER KANSAL (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 75
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 40+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
4 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 29.60 Lakh.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence55/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment26/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 4 open charge(s) of 232.27 cr already registered.
- Compliance gaps should be priced into terms.
Investor view38/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Oct 2024
Director appointed
SURINDER SINGH VIRDI (Director)
30 Sep 2024
Director ceased
MADAN MOHAN CHOPRA
08 Nov 2023
Director appointed
PARAMPAL KAUR SIDHU (Nominee Director)
30 May 2023
Charge created
Others - 20.00 cr
23 Dec 2022
Charge satisfied
Tata Capital Financial Services Limited
11 Nov 2022
Director appointed
TEJINDER KAUR (Director)
Director ceased
SIBIN CHAKKYADATH
11 Aug 2022
Charge satisfied
State Bank Of India
19 Jul 2022
Charge satisfied
Others
14 Feb 2022
Director appointed
SANJAY KRISHNA AHUJA (Nominee Director)
Director ceased
SURESH KUMAR SINGLA
22 Dec 2021
Charge satisfied
Others
16 Dec 2021
Charge satisfied
Hdfc Bank Limited
10
Key Observations
Auto-generated from the data aboveRevenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
14 active director(s) / partner(s); review board churn before relying on management continuity.
2 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.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
1 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Pelhakoba | L17291MH1991PLC063752 | Mumbai, Maharashtra, India |
| Rameswar Udyog Private Limited | U15311GJ1996PTC066626 | Ahmedabad, Gujarat, India |
| V.K.A. Polymers | U25209TN1997PTC039175 | Karur, Tamil Nadu, India |
| Mohota Industries Limited | L99999MH1946PLC005261 | Hinganghat, Maharashtra, India |
| Pkpn | U17111TZ1981PTC001034 | Pallipalayam, Tamil Nadu, India |
| The Ramaraju Surgical Cotton Mills Limited | L17111TN1939PLC002302 | Tamilnadu, Tamil Nadu, India |
| Sybly Industries | L17111UP1988PLC009594 | Ghaziabad, Uttar Pradesh, India |
| Suam Overseas Private Limited | U52322MH2002PTC135248 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Indian Acrylics before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Indian Acrylics: 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: Enhanced diligence advised. Credit risk score 20/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Indian Acrylics - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 51/100, distress signals and MSME payment-delay disclosures - know whether Indian Acrylics 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 Indian Acrylics - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Indian Acrylics an active company?
Indian Acrylics has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Indian Acrylics financially healthy?
Indian Acrylics has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Indian Acrylics?
Its overall Trust Score is 51/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Indian Acrylics?
Promoters hold a minority stake - exact percentages are in the full report. 14 active director(s) are on record.
Does Indian Acrylics have loans or charges against its assets?
4 open charge(s) are registered against its assets, and 52 earlier charge(s) stand satisfied.
Is Indian Acrylics up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Indian Acrylics?
Its Credit Risk Score is 20/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
